What we do Shree Refrigerations Ltd manufactures advanced chillers and HVAC systems, primarily serving industries like automotive, marine, pharma, and print media in India. |
Founded in 2,006 |
Market share Holds approximately 80% market share in naval HVAC new orders within India. |
Problem solved Provides reliable temperature control solutions to improve operational efficiency and product quality across critical industrial sectors. |
Top clients or who we serve B2B company serving Indian Navy, automotive, marine, pharmaceutical, chemical, and general engineering industries. |
Key management Ravalnath Gopinath Shende, Managing Director with strong leadership driving innovation and growth. |
Our journey and innovations From private to public company, achieved 10X growth in 8 years, pioneered indigenous military-grade HVAC tech and secured DGQA certifications. |
Where we operate Operations mainly focused in India with naval and industrial HVAC projects nationwide. |
Top products or what we offer Military-grade chillers, magnetic bearing AC plants, marine and submarine air-conditioners, turnkey HVAC systems, and control panels. |
Top brands INS Dhruv Screw Compressor AC, Scorpene Submarine ACs, P17a Frigate Mag Bearing AC Plants, ASW Corvette HVAC Plants. |
Raw materials needed Sheet metal, copper tubing, compressors, electrical components, and heat exchangers. |
Raw materials supplier Local and international suppliers specializing in HVAC components. |
Recurring vs cyclical contribution Revenue includes recurring service contracts and cyclical new equipment orders tied to naval and industrial projects. |
Our industry position Leader in Indian naval HVAC market with significant share and increasing presence in industrial HVAC segments. |
Financial highlights FY25 revenue Rs 987 Cr, net profit Rs 130 Cr, EBITDA Rs 269.5 Cr with 13% net margin, showing robust growth. |
Geographical revenue split Primarily domestic Indian market with increasing naval defense contracts nationwide. |
Order book Closing order book Rs 3,276 Cr, over 3 times FY25 revenue, driven by HVAC and refrigeration projects. |
Whats driving growth Strong defense sector demand, strategic technology partnerships, expanding manufacturing capacity, and naval market dominance. |
Our future plans Aim to reach Rs 1000 Cr turnover and Rs 120 Cr PAT by 2031; expanding factory and diversifying into data center cooling solutions. |
Our green promise Focus on energy-efficient HVAC systems, oil-free magnetic bearing compressors, and sustainable manufacturing. |
Our people and values Team expanded to 323 employees, emphasis on skilled hires for project delivery and innovation. |
Key challenges ahead Managing short-term margin pressure due to onsite project execution costs and scaling production capacity. |
Interesting facts Holds DGQA approval, designed indigenous military-grade HVAC without foreign collaboration, recognized for Make-in-India contributions. |
Risks and strategy Mitigates execution risk by building capacity early; strategy includes technological innovation and strong client relationships. |
