Shree Refrigerations Ltd — Important, 18-12-2025: Company Update

Shree Refrigerations Limited has received reaffirmation and assignment of credit ratings from CARE Ratings for its bank facilities, maintaining a 'CARE BB+; Stable' for long-term and 'CARE A4+' for short-term. The facilities include ₹7.61 Cr (reduced), ₹29.50 Cr, ₹30.00 Cr, and ₹22.89 Cr (enhanced). The ratings are supported by experienced promoters, a strong order book of ₹327.57 Cr, and healthy profitability, further bolstered by a recent ₹80 Cr IPO which strengthened net worth. Key challenges include working capital intensity and raw material price volatility. The rating outlook remains Stable, indicating a steady credit profile.