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Earnings Call

Shree Refrigerations Earnings Call: Key Takeaways

Shree Refrigerations reported strong FY26 performance, driven by its leadership in the naval HVAC segment and expansion into data centers. The company is scaling operations with a new 80,000 sq. ft. facility.

Highlights
Revenue growth45% CAGR over 4 years; FY26 reached ₹153cr.
MarginsEBITDA margin guidance 20-24% for FY27.
Order book₹270cr as of March 31, 2026.
Demand visibilityStrong; naval fleet expansion from 150 to 230 ships.
Management confidenceHigh; standing by ₹1,000cr long-term revenue target.

Growth

FY26 revenue grew 50%+ YoY to ₹153cr; PAT increased 64% with EPS rising 28% to ₹6.47.

Outlook

Guided for 40% CAGR over 3-5 years; targeting ₹1,000cr revenue by 2030-31. Major data center revenues expected in FY28.

Risks

Near-term risks include metal inflation (copper) impacting fixed-price projects and lumpy H1 vs H2 delivery cycles.

Source

Earnings Call filed with BSE, BSE: 544458. Summary written with AI assistance from the document.

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Shree Refrigerations Ltd: key numbers

Share price
₹407.60
Market cap
₹1,452 Cr
Revenue (annual)
₹153.6 Cr
Net profit (annual)
₹21.53 Cr
P/E (TTM)
67.5×Sector 45.9×
Promoter holding
44.60%
FII holding
0.12%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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17:25 IST BSE
Credit Rating

Shree Refrigerations Credit Rating

CARE Ratings has upgraded and assigned credit ratings for Shree Refrigerations Limited’s bank facilities. The company maintains a stable outlook with improved liquidity and operational scale.

17:36 IST BSE
Management Change

Shree Refrigerations Management Change

Shree Refrigerations Limited appointed Ms. Rucha Ravalnath Shende as Whole-Time Director for a three-year term, effective from February 23, 2026.

Execution
3 years
18:43 IST BSE
Financial Results

Shree Refrigerations H2 FY26 Results: Net Profit ₹20 Cr, Up 344.4% YoY

Shree Refrigerations Ltd reported revenue from operations of ₹103.2 Cr (+115.9% YoY) and net profit of ₹20 Cr (+344.4% YoY) for H2 FY26.

Key figure
Net profit ₹20 Cr · +344.4% YoY