Shree Refrigerations
167.20
+0.80(+0.48%)
Market Cap₹595.75 Cr
PE Ratio43.79
Company Performance:
1D+0.48%
1M-13.99%
6M-4.68%
1Y-4.68%
5Y-4.68%
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More news about Shree Refrigerations
16Dec 25
Shree Refrigerations Secures ₹3.26 Crore Order from Naval Dockyard Mumbai
Shree Refrigerations Limited has won a significant ₹3.26 crore order from Naval Dockyard Mumbai for repair and refurbishment services of a 144 TR Marine Base Central Air Conditioning plant. The domestic contract, scheduled for completion by August 2026, demonstrates the company's technical capabilities in marine air conditioning systems and establishes its credentials in the defense maintenance sector while ensuring full regulatory compliance.
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26Nov 25
Shree Refrigerations Targets 10X Growth with Naval HVAC Dominance and Strategic Expansion
Shree Refrigerations Limited, a leader in naval HVAC, has announced a bold growth plan. The company holds an 80% market share in naval HVAC new orders and has grown 10X in eight years. It aims for Rs 1000 crore turnover and Rs 120 crore PAT by 2030-31. Expansion plans include a new 50,000 sq ft facility and partnership with Smardt for data center cooling. The company is diversifying into high-growth sectors like data centers and emerging markets.
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17Nov 25
Shree Refrigerations Reports Muted H1 Performance, Maintains Strong Order Book Growth
Shree Refrigerations Limited, a manufacturer of HVAC solutions for Indian naval vessels, reported revenue of INR 50.00 crores in H1 FY2025-26, with an EBITDA margin of 11.20% and a net profit margin of 2.90%. Despite muted performance, the company's order book grew to INR 327.00 crores from INR 215.00 crores. Management projects 40-50% CAGR growth and expects stronger H2 performance. The company is expanding manufacturing capabilities by renting additional factory space and recruiting more manpower to meet increased customer delivery requirements.
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11Nov 25
Shree Refrigerations Reports Strong H1 FY26 Performance with INR 3.3 Billion Order Book
Shree Refrigerations reported stable revenue for H1 FY26, with consolidated revenue of Rs 5,039.19 lakhs and PAT of Rs 75.50 lakhs. The company secured a new INR 1 billion order from the Indian Navy, boosting its order book to INR 3,276.20 million. Operational expansions include 100% shop floor augmentation, leasing of additional space, and development of a new facility. Workforce increased from 247 to 323. The company expects revenue recognition for HVAC projects in H2 FY26 and beyond. The board approved new banking facilities and credit enhancement.
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25Sept 25
Shree Refrigerations Secures ₹49.34 Crore HVAC Orders from Mazagon Dock Shipbuilders
Shree Refrigerations Limited (SRL) has won new contracts worth ₹49.34 crore from Mazagon Dock Shipbuilders Limited (MDL), a government-owned shipyard. The orders include B&D spares for AC Plants (₹25.60 crore), a turnkey HVAC system (₹19.62 crore), and a Magnetic Bearing Compressor-based AC Plant (₹4.12 crore). This follows a recent ₹106.62 crore contract from Hindustan Shipyard Ltd for HVAC solutions. The MDL order for B&D Spares has a 7-month delivery timeline. These contracts highlight SRL's growing prominence in specialized HVAC systems for naval applications.
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22Sept 25
SRL Clinches Rs. 19.16 Crore HVAC Order from Mazagon Dock Shipbuilders and Secures Additional Rs 4.13 Crore Supply Order
Shree Refrigerations Limited (SRL) has won a Rs. 19.16 crore contract from Mazagon Dock Shipbuilders Ltd to supply turnkey HVAC solutions for 14 Fast Patrol Vessels for the Indian Coast Guard. The delivery timeline extends to September 19, 2029. This order follows recent successes, including a Rs. 106.62 crore order from Hindustan Shipyard Ltd for five Fleet Support Ships and an ongoing project with Goa Shipyard Ltd. SRL also secured a Rs. 4.13 crore order for Magnetic Bearing Compressor Based AC Plants from Material Organisation (Mumbai).
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10Sept 25
Shree Refrigerations Expands into Data Center Cooling with Smardt Partnership
Shree Refrigerations Limited (SRL) has formed a strategic partnership with Smardt Chillers Pte Ltd to introduce advanced magnetic bearing chiller technology for data center cooling in India. The collaboration, executed through SRL's subsidiary Trezor Technologies, aims to capitalize on India's growing data center market. SRL expects this new vertical to contribute 10-15% of revenues over the next three years. The partnership combines Smardt's energy-efficient technology with SRL's industry presence, offering 20-50% higher energy efficiency and lower maintenance costs compared to conventional chillers.
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09Sept 25
Shree Refrigerations Limited Unveils Strategic Partnership with Smardt Inc. in Formal Agreement Exchange
Shree Refrigerations Limited has formalized a partnership with Smardt Inc., a global leader in high-efficiency chillers. The agreement was exchanged on September 9, 2025, in Mumbai. Smardt Inc. brings 30 years of oil-free chiller technology expertise, a global presence with 7 manufacturing facilities and 8 sales offices, and a diverse product range serving various sectors. The partnership aims to leverage Smardt's innovative technologies, including fast chiller restart and reduced maintenance costs, potentially revolutionizing Shree Refrigerations' product offerings and market reach.
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05Sept 25
Shree Refrigerations Subsidiary to Formalize Agreement with Singapore's Smardt Chillers
Shree Refrigerations Limited's wholly-owned subsidiary, Trezor Technologies Private Limited, is set to formalize an agreement with Singapore-based Smardt Chillers Pte. Ltd. on September 09, 2025, in Mumbai. The agreement appoints Trezor Technologies for selling, installing, and servicing Smardt's chillers in India's data center sector from September 1, 2025, to December 31, 2027. The high-profile meeting will be attended by representatives from both companies, 18 marquee investors, merchant bankers, media, and key stakeholders. This strategic partnership could potentially expand Shree Refrigerations' presence in the specialized cooling solutions market, particularly in the growing data center sector.
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08Aug 25
Shree Refrigerations Secures ₹19.4 Million Order for Magnetic Bearing Compressor
Shree Refrigerations Limited has won a ₹19.40 million (₹1.94 crore) order from Material Organisation (Mumbai) for supplying a magnetic bearing compressor. The contract has a 365-day delivery timeline. This order demonstrates the company's expertise in advanced refrigeration technology and potentially indicates strong demand for their specialized products in the domestic market.
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06Aug 25
Shree Refrigerations Secures Rs 3.57 Crore Order for Unit Coolers from Material Organisation (Vizag)
Shree Refrigerations Limited has received a domestic order worth Rs 3.57 crore from Material Organisation (Vizag) for manufacturing and supplying unit coolers. The contract has a 6-month delivery timeline. The company disclosed this information in compliance with SEBI regulations, confirming no related party transactions or promoter group interests are involved.
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Shree Refrigerations
167.20
+0.80
(+0.48%)
1 Year Returns:-4.68%
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