Shree Refrigerations Ltd
Shree Refrigerations Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #2 of 20 in Aerospace & Defense
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Shree Refrigerations Ltd Q2 FY26 key numbers
- Revenue
- The current order book of around ₹327 crores has an execution timeline of approximately two years.
As stated in Shree Refrigerations Ltd's Q2 FY26 earnings call transcript · published 3 Aug 2026. Reported figures, not investment advice.
The short version
Shree Refrigerations expects a CAGR growth rate of 40% to 50% in revenue for the next 4-5 years. - The current order book of around ₹327 crores has an execution timeline of approximately two years. - Expansion of manufacturing capacity to 1 lakh sq. Company targets a 40% to 50% CAGR growth in revenue for FY 2026 to 2028, driven by defence and marine sectors and new data centre business (Pages 29, 31).
From Shree Refrigerations Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Shree Refrigerations expects a CAGR growth rate of 40% to 50% in revenue for the next 4-5 years.
- The current order book of around ₹327 crores has an execution timeline of approximately two years.
- Expansion of manufacturing capacity to 1 lakh sq. ft., with the first phase (50,000 sq. ft.) operational by the start of the next financial year, will support revenues up to ₹550-600 crores without further capacity needs.
- Data center business, in partnership with Smardt, is expected to start contributing from FY 2027 onwards, adding incremental revenue beyond defence marine orders.
2 more points from Shree Refrigerations Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Shree Refrigerations is undertaking a capacity expansion with a new facility of 100,000 sq ft.
- The first phase of this expansion is 50,000 sq ft, expected to be operational from the start of the next financial year.
- The expansion is funded through existing corporate resources; no additional equity dilution or debt is anticipated.
- This expanded capacity will support revenue growth up to ₹550-600 crores, catering to anticipated demand without requiring further manufacturing capacity.
- The company received a capital subsidy from the Government of Maharashtra for plant and machinery investment (including land and building) to the extent of 50%, valid over 10 years.
2 more points from Shree Refrigerations Ltd's call on capex
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Top-ranked in Aerospace & Defense
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- As of 30th September 2025, the total order book stands at ₹327 crores, with execution expected over the next 2-3 years.
- New orders worth ₹162 crores were added during the first half of FY26, and ₹50 crores of orders have been executed so far in this period.
- The current bid pipeline extends till March 2027 and is around ₹800 crores from the naval ecosystem.
- Additionally, there is a marine ecosystem bid pipeline worth around ₹200 crores, totaling approximately ₹1,000 crores in bids.
2 more points from Shree Refrigerations Ltd's call on order book
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What Shree Refrigerat's management said in earlier quarters
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Potential multibaggers · Q2 FY27
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Shree Refrigerations Ltd Q2 FY26 results?
Shree Refrigerations expects a CAGR growth rate of 40% to 50% in revenue for the next 4-5 years. - The current order book of around ₹327 crores has an execution timeline of approximately two years. - Expansion of manufacturing capacity to 1 lakh sq. Company targets a 40% to 50% CAGR growth in revenue for FY 2026 to 2028, driven by defence and marine sectors and new data centre business (Pages 29, 31).
What is Shree Refrigerations Ltd share price analysis?
Shree Refrigerations Ltd currently shows a neutral. The stock trades at a P/E of 52.4 with a market cap of ₹1,129 Cr. Investors should review the full earnings analysis for detailed insights.
Is Shree Refrigerations Ltd planning capital expenditure?
Shree Refrigerations is undertaking a capacity expansion with a new facility of 100,000 sq ft.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.