Shree Refrigerations Ltd
Shree Refrigerations Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #2 of 20 in Aerospace & Defense
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What the Q4 FY26 call signalled
5 of 5 strong
The short version
Management targets a 40% CAGR in revenue over the next 4-5 years, aiming to reach INR1,000 crore by FY30-'31. - FY26 revenue was INR153 crore, with current manufacturing capacity supporting up to around INR400 crore revenue. - New greenfield facility adds 50,000 sq. Shree Refrigerations targets a 40%-50% CAGR in revenue over the next 4-5 years, aiming for INR1,000 crore revenue by FY30-'31.
From Shree Refrigerations Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Management targets a 40% CAGR in revenue over the next 4-5 years, aiming to reach INR1,000 crore by FY30-'31.
- FY26 revenue was INR153 crore, with current manufacturing capacity supporting up to around INR400 crore revenue.
- New greenfield facility adds 50,000 sq. ft expandable space, increasing total manufacturing to 80,000 sq. ft, expected to improve throughput and delivery cycles.
- Data centre cooling revenues expected to start contributing from FY28 onward, not included in FY27 guidance.
- Working capital improvements and bank funding/internal accruals to support growth without major equity fundraising.
2 more points from Shree Refrigerations Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Total CapEx for Phase 1 at Hanbarwadi location is INR 25 crores; most of it done, plant to start June.
- Hanbarwadi expansion adds 50,000 sq ft of manufacturing space; leased 20,000 sq ft facility to be closed June.
- New facility is state-of-the-art, backward integrated, ISO, ZED Gold, and IRS certified.
- No major CapEx expected in next 2-3 years; small CapEx will occur as business grows.
- Data centre business tie-up with Smardt (6 months old); reference installation expected in FY27.
- Major revenue from data centres anticipated from FY28 onwards.
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
See what Shree Refrigerations Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- As of March 31, the order book stood at approximately INR 270 crore.
- The company has a strong hit rate of nearly 100% in retrofit orders.
- New build projects have seen some tender losses, but retrofits remain strong.
- The existing order book includes major orders in HVAC, AC plant, and refrigeration plants.
- Market size in defence marine ecosystem and non-defence marine is around INR 3,000-3,500 crore over the next 2 to 2.5 years.
- Approximately 60-odd tenders are expected in the current year.
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
Potential multibaggers in Aerospace & Defense
on management's own guidance
- 2
- Strong growth1
- Strong growth3
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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 Q4 FY26 results?
Management targets a 40% CAGR in revenue over the next 4-5 years, aiming to reach INR1,000 crore by FY30-'31. - FY26 revenue was INR153 crore, with current manufacturing capacity supporting up to around INR400 crore revenue. - New greenfield facility adds 50,000 sq. Shree Refrigerations targets a 40%-50% CAGR in revenue over the next 4-5 years, aiming for INR1,000 crore revenue by FY30-'31.
What is Shree Refrigerations Ltd share price analysis?
Shree Refrigerations Ltd currently shows a strong growth signal based on ranking data. 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?
Total CapEx for Phase 1 at Hanbarwadi location is INR 25 crores; most of it done, plant to start June.
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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.