Exclusive: Shree Refrigerations Lands Major ₹5.22 Crore Government Order, Stock Momentum Builds
In a significant development for the mid-cap capital goods sector, Shree Refrigerations Limited (BSE: 544458) has announced the receipt of a substantial domestic order worth ₹5.22 crore from the Controller Procurement, Material Organisation, Visakhapatnam. The disclosure, made under SEBI’s Listing Obligations and Disclosure Requirements, has sparked renewed interest in the company’s stock, which has been trading in a wide range over the past year.
The Order Details: A Government Boost
According to the regulatory filing dated January 30, 2026, the order involves the supply of Self-Contained Air Conditioners with capacities of 3TR, 5TR, and 7.5TR. The contract is purely domestic, with a clear execution timeline—delivery is set for October 27, 2026, giving the company 270 days from the order date to fulfill the commitment.
Notably, the company confirmed that this is not a related party transaction and that no promoters or group companies have any interest in the entity awarding the order, ensuring transparency and arm’s-length dealings.
Stock Context: A Tale of Recovery?
The news comes at a crucial time for Shree Refrigerations. As of early trading today, the stock opened at ₹162.90, with a 52-week range stretching from a low of ₹153.00 to a high of ₹311.50. With a market capitalization of approximately ₹613.56 crores, the company operates in the competitive refrigeration and AC segment, formerly known as Shree Refrigerations Private Limited before its corporate restructuring.
Interestingly, the stock’s P/E ratio is currently negative, indicating that the company has been in a loss-making phase or facing profitability pressures. The absence of a dividend payout further underscores its focus on reinvestment and turnaround execution.
Why This Order Matters
- Revenue Visibility: A ₹5.22 crore order provides clear near-term revenue visibility, which is crucial for a company whose stock has seen volatility.
- Government Client: Securing an order from a government procurement body often signals reliability and compliance with quality standards, which could lead to more public-sector contracts.
- Execution Showcase: Successful delivery by October 2026 will demonstrate operational efficiency and could rebuild investor confidence.
Market Sentiment & Future Outlook
Investors and analysts will be closely watching how Shree Refrigerations manages this order alongside its broader financial recovery. The stock, which has retreated significantly from its 52-week high, may find a floor if the company can consistently secure and execute such contracts.
“This order, though not monumental in size, is a positive step,” says a Mumbai-based analyst tracking the sector. “It shows the company is active in the bidding process and winning trust in the institutional space. The key now is execution and margin improvement.”
Looking Ahead
Shree Refrigerations has stated that the order information has been uploaded to its website, maintaining compliance and transparency. With the broader HVAC and refrigeration market growing steadily in India, driven by infrastructure and industrial demand, the company could be positioning itself for a gradual rebound.
For now, the market will watch whether this contract marks the beginning of a new order inflow cycle—and whether the stock can break out of its lower trading range and regain lost momentum.
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