Shree Refrigerations IPO Review

Shree Refrigerations is engaged in the business of manufacturing Chillers, refrigeration and air conditioning appliances and other parts of Heating, Ventilation, Air Conditioning (HVAC) Industry, offering array of advanced systems and equipment to industries majorly in domestic market. Their collection of products serves multiple industries including Automotive, Marine, Print Media, Chemical, Pharma and General engineering sectors.

The comapny is led by experienced Promoters, namely, MR. RAVALNATH GOPINATH SHENDE, who has experience in Sales, Manufacturing and Operations, Planning, Finance, Management, Compressor Manufacturing and Vendor Developments, MRS. RAJASHRI RAVALNATH SHENDE has experience in leadership, team building and interpersonal skills and DEVASHREE VISHWESH NAMPURKAR has overall 13 years of experience in the field of Sales & Marketing, Development of Business Strategy.

The Revenues from operations for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 9,909.53 Lakh, ₹ 8,118.70 Lakh and ₹ 5,090.46 Lakh. The EBITDA for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 2,731.22 Lakh, ₹ 2,526.57 Lakh and ₹ 1,222.47 Lakh. The Profit after Tax for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 1,354.66 Lakh, ₹ 1,153.06 Lakh and ₹ 257.40 Lakh respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 5.25 and post-issue EPS of ₹ 3.80 for FY24. The pre-issue P/E ratio is 23.80x, while the post-issue P/E ratio is 32.88x against the Industry P/E ratio is 81x. The company's ROCE for FY24 is 23.22%, ROE for FY24 is 15.44% and RoNW is 15.44%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Shree Refrigerations showing listing gains of 32.00 %.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Apply to the Shree Refrigerations Limited IPO for Listing gain.

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About the Author
CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.