SHREEREFShree Refrigerations Ltd.
Shree Refrigerations bags ₹26 crore Garden Reach defence order for components
- Order win
- defence refrigeration and HVAC systems
Reviewed byKeshav SehgalBlacklitt Research
Shree Refrigerations (NSE: SHREEREF) has secured an order worth ₹26.44 crore excluding GST from Garden Reach Shipbuilders & Engineers Limited, it said in a filing on 07 Nov 2026. The order is for specialised components and is due for delivery by 05 Jul 2027. The awarding entity is a Government of India undertaking under the Ministry of Defence.
Key highlights
- Order value: ₹26.44 crore excluding GST
- Delivery timeline: 05 Jul 2027
- Awarded by: Garden Reach Shipbuilders & Engineers Limited
- Domestic order, promoter group has no interest in awarding entity
The order in numbers
| Item | Detail |
|---|---|
| Awarded by | Garden Reach Shipbuilders & Engineers Limited, a Government of India undertaking under the Ministry of Defence |
| Type | Domestic order for supply of specialised components |
| Scope | Electronic control cards and modules, compressor inverters, pump bearings, impellers, casings and shafts, canned motors, condensers, evaporators and electrical components, among others |
| Value | ₹26.44 crore excluding GST (₹26,44,21,928) |
| Delivery timeline | 05 Jul 2027 |
| Related party transaction | Not a related party transaction, the company says |
Order size and scope
The order is worth ₹26.44 crore excluding GST, according to the filing. The company says it is for a range of specialised components for supply to Garden Reach Shipbuilders & Engineers Limited, which the company's press note describes as a Government of India undertaking under the Ministry of Defence.
The company's press note describes Shree Refrigerations as a defence-focused manufacturer of refrigeration and HVAC systems serving the Indian Navy, with around 35 years of experience in refrigeration and a shift to defence about a decade ago.
Size against the company
At the 06 Nov 2026 close of ₹296.85 a share, the company's market value was ₹1,058 crore, so the order is about 2.5% of that value. The company's latest reported quarter, Q4 FY26 on a consolidated basis, showed total income of ₹104.34 crore and net profit of ₹19.96 crore.
The company had earlier filed its half-year results for the period ended 30 Sep 2026 on 28 Oct 2026. The filing does not compare the order with those results.
What the order means for Shree Refrigerations' shareholders
The order adds a defence supply contract with a delivery deadline of 05 Jul 2027 for the company. The filing does not say what margin or profit the order will carry, what share of revenue it will make up, the payment terms, whether further orders will follow, or when the order was received.
The next dated step in the filing is the delivery timeline of 05 Jul 2027.
Filed with BSE on . Reference: Original filing (PDF)
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