Shree Refrigerations
Shree Refrigerations (SHREEREF) share price was ₹338.50 at the 28 Oct 2026 close; market capitalisation ₹1,212 Cr; sector Capital Goods. The share price rose 34.4% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Mar 2026 quarter, revenue was ₹103 Cr, against ₹48 Cr a year earlier and net profit was ₹20 Cr, against ₹4 Cr a year earlier (compared with Mar 2025). Promoters held 44.39% of Shree Refrigerations in Sep 2026, down 0.21 percentage points from Mar 2026. Its Tapetide Score is 48/100 (Average) as of 28 Oct 2026.
Key Fundamentals
SMEIndustrial ManufacturingCapital GoodsPrice-based figures as of 28 Oct 2026, 15:30 IST · TTM
Peer Comparison
Industrials › Capital Goods › Industrial Products › Aerospace & Defense
| ₹4,788.30 | 34.35 | 3,20,230 Cr | 7.80 | 0.93% | 22.21% | 13.80% | 37,682 Cr | 9,322 Cr | |
| ₹364.60 | 43.40 | 2,66,515 Cr | 11.11 | 0.68% | 25.09% | 31.88% | 29,290 Cr | 6,148 Cr | |
| ₹998.50 | 70.27 | 36,601 Cr | 8.63 | 0.49% | 9.91% | 7.22% | 3,207 Cr | 521 Cr | |
| ₹4,011.20 | 83.81 | 22,456 Cr | 12.94 | 0.24% | 3.53% | 11.06% | 966 Cr | 267 Cr | |
| ₹1,906.00 | 27.27 | 21,834 Cr | 8.31 | 1.02% | 28.48% | 36.76% | 7,808 Cr | 801 Cr | |
| ₹901.80 | 99.32 | 17,089 Cr | 18.16 | 0.00% | 57.22% | 53.16% | 974 Cr | 166 Cr | |
| ₹215.45 | — | 14,449 Cr | 10.37 | 0.00% | -7.63% | 1.11% | 1,453 Cr | -171 Cr | |
| Shree Refrigerations (this company) | — | — | 1,212 Cr | 5.61 | 0.00% | 9.98% | 12.97% | — | — |
| Median 8 companies | ₹998.50 | 56.83 | 22,145 Cr | 9.50 | 0.37% | 16.10% | 13.39% | 3,207 Cr | 521 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Data confidence 84/100
Category scores
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Company has delivered good profit growth of 136% CAGR over last 5 years
Weaknesses
3- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has high debtors of 251 days.
Technical Indicators
Oscillators
Bearish
Overall
Bearish
Moving Averages
Bearish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 26% · Mar 2026
Quarterly Results
| Particulars | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 51 | 48 | 50 | 103 |
| Expenses | 36 | 36 | 45 | 76 |
| Operating Profit | 15 | 12 | 6 | 27 |
| OPM % | 30% | 24% | 11% | 26% |
| Other Income | 0 | 0 | 0 | 1 |
| Interest | 3 | 2 | 2 | 1 |
| Depreciation | 2 | 2 | 3 | 3 |
| PBT | 11 | 7 | 1 | 24 |
| Tax % | 27% | 40% | -44% | 16% |
| Net Profit | 8 | 4 | 2 | 20 |
| EPS (₹) | — | 1.6 | 0.44 | 5.6 |
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 10 | 45 | 51 | 80 | 99 | 154 |
| Expenses | 8 | 33 | 38 | 55 | 72 | 121 |
| Operating Profit | 3 | 12 | 12 | 25 | 27 | 33 |
| OPM % | 26% | 26% | 25% | 31% | 27% | 21% |
| Other Income | 0 | 0 | 0 | 1 | 0 | 2 |
| Interest | 3 | 4 | 5 | 5 | 5 | 4 |
| Depreciation | 0 | 4 | 4 | 4 | 4 | 6 |
| PBT | 0 | 4 | 4 | 17 | 19 | 25 |
| Tax % | 58% | 27% | 40% | 32% | 32% | 14% |
| Net Profit | 0 | 3 | 3 | 12 | 13 | 22 |
| EPS (₹) | — | — | — | — | 4.49 | 6.04 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 4 | 5 | 6 | 7 |
| Reserves | -2 | 1 | 21 | 56 | 109 | 209 |
| Borrowings | 39 | 54 | 53 | 38 | 45 | 37 |
| Other Liabilities | 14 | 23 | 16 | 25 | 24 | 41 |
| Total Liabilities | 54 | 81 | 94 | 124 | 183 | 294 |
| Fixed Assets | 5 | 6 | 12 | 12 | 18 | 22 |
| CWIP | 1 | 1 | 0 | 0 | 0 | 18 |
| Investments | 0 | 0 | 4 | 4 | 7 | 15 |
| Other Assets | 48 | 75 | 79 | 107 | 158 | 239 |
| Total Assets | 54 | 81 | 94 | 124 | 183 | 294 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | -9 | — | -4 | -5 | -25 | 14 |
| Investing | -6 | — | -8 | -2 | -9 | -31 |
| Financing | 14 | — | 14 | 6 | 39 | 69 |
| Net Cash Flow | 0 | — | 2 | -1 | 5 | 52 |
| Free Cash Flow | -9 | — | -5 | -7 | -33 | -11 |
| CFO/EBITDA | -315 | — | -36 | -16 | -70 | 59 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 95 | 172 | 228 | 289 | 352 | 251 |
| Inventory Days | 2,821 | 429 | 464 | 299 | 361 | 249 |
| Days Payable | 809 | 186 | 158 | 115 | 130 | 123 |
| Cash Conversion Cycle | 2,106 | 414 | 534 | 474 | 583 | 377 |
| Working Capital Days | 666 | 170 | 208 | 222 | 343 | 253 |
| ROCE % | — | 17% | 13% | 25% | 18% | 14% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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64 extracted metrics + investor summaries across FY21–FY26.
Documents
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Company Information
Incorporated in 2006, Shree Refrigerations Ltd is a defence-focused manufacturer of advanced refrigeration and HVAC systems.[1]
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