Synopsis:
Shree Refrigerations Limited, a leading player in industrial cooling and refrigeration solutions, announced on August 25, 2025, that it has received a significant supply order from Hindustan Shipyard Limited (HSL), a Government of India undertaking under the Ministry of Defence. The order involves the supply and installation of HVAC systems for five fleet support ships.
This company is engaged in the manufacturing of chillers, refrigeration and air-conditioning appliances after securing an order from Hindustan Shipyard limited. As of the latest shareholding pattern, ace Investor Ashish Kacholia holds 3.42% of the stake in the company
With a market capitalization of Rs. 760 cr, the shares of Shree Refrigerations Limited are currently trading at Rs. 213.20 per share, It hit a 20% upper circuit in today’s market session, making a high of Rs. 216.20, from its previous close of Rs. 180.20 per share.
Fresh order
Shree Refrigerations Limited has secured a major contract worth Rs. 106.62 crore from Hindustan Shipyard Limited (HSL). The order pertains to the supply of advanced HVAC (Heating, Ventilation, and Air Conditioning) systems as per the Ship Owner’s Technical Requirements (SOTR). These systems will be supplied and installed across five Fleet Support Ships, crucial for enhancing operational efficiency, crew comfort, and onboard safety standards.
Being a domestic order awarded by a government defence entity, the contract holds strategic significance for Shree Refrigerations, marking a deeper engagement with India’s naval and defence infrastructure sector.
The execution timeline extends until March 31, 2028, allowing the company adequate scope for phased deliveries, testing, and commissioning. This development is expected to strengthen Shree Refrigerations’ positioning in the defence and marine engineering space, opening further opportunities in high-value government and strategic contracts.
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About the company
Shree Refrigerations Limited (formerly Shree Refrigerations Private Limited) is an Indian company engaged in providing advanced refrigeration and HVAC (Heating, Ventilation, and Air Conditioning) solutions across industrial and defence applications. The company has been expanding its presence in high-value projects, including government and strategic sectors, by delivering specialized systems designed for large-scale and mission-critical environments.
The company reported strong growth in FY25, with sales rising from Rs. 80 crore in March 2024 to Rs. 99 crore in March 2025, while net profit increased to Rs. 14 crore from Rs. 12 crore over the same period, reflecting improved operational efficiency and profitability.
The company has showcased consistent financial strength, delivering a ROCE of 17.8% and an ROE of 15.0%, while also achieving an impressive profit growth of 43.5% CAGR over the last five years.
Written by Manideep Appana
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