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Frick India Limited Unlisted Shares

BUY

₹ 1,425.00

SELL

₹ 1,525.00

As on 29 Jul 2026, 11:07 PM, we are buying shares of the FRICK INDIA LIMITED for ₹ 1,425.00 and selling them for ₹ 1,525.00 per share.

About Frick India Limited Unlisted Shares

Frick India Limited, established in 1962, is a leading manufacturer and turnkey solution provider in the industrial refrigeration and air-conditioning sector. Initially formed through a collaboration with Frick Company USA, one of the world’s oldest and largest industrial refrigeration companies, Frick India has grown into an independent and significant player in the global refrigeration market. Headquartered in Faridabad, Haryana, the company has expanded its reach to over 45 countries, offering cutting-edge refrigeration technology and equipment.

Frick India Limited specializes in manufacturing and providing complete solutions for industrial refrigeration systems, including design, manufacturing, packaging, installation, and servicing. With over five decades of experience, the company has built a reputation for delivering energy-efficient and reliable refrigeration solutions. Frick India manufactures a variety of equipment, such as compressors, condensers, air handling units, and ice-making systems, all designed to meet the demanding needs of industries like food processing, cold storage, and pharmaceuticals.

Business Divisions

Frick India operates across several key divisions that ensure its leadership in the industrial refrigeration space:

Manufacturing of Refrigeration Equipment: Frick India manufactures an extensive range of products, including compressors, condensers, and air-handling units, using the latest technologies from global partners in the U.S., Japan, the U.K., and Europe.
Turnkey Solutions: The company offers full-service turnkey solutions, handling the design, manufacturing, installation, and maintenance of industrial refrigeration systems. This ensures seamless project execution for clients across various industries.
Technological Innovations: Frick India integrates advanced technology into its systems, such as the Frick India Energy Management System (FEMS), an online platform that helps businesses manage their refrigeration systems efficiently and in an energy-efficient manner.
Global Reach: With operations extending to over 45 countries, Frick India continues to expand its market presence globally, exporting products and solutions worldwide while maintaining a strong foothold in the Indian market

Financial Highlights

Frick India’s financial performance reflects a consistent growth trajectory and improved profitability, particularly in recent years. Below are key highlights of the company’s financial results:

Revenue Growth: Frick India reported a significant increase in revenue in FY24, with revenue rising to ₹481 crore, compared to ₹363 crore in FY23. This increase of 32.5% reflects strong demand for the company's products and services.
Profitability Improvement: The company's net profit (PAT) for FY24 increased to ₹42 crore from ₹28 crore in FY23, showing a year-on-year growth of 50%. This surge in profit is attributed to the company’s improved EBITDA margin and better cost management.
Gross Margins: Frick India achieved gross margins of 32.22% in FY24, up from 29.48% in FY23. This indicates that the company is successfully managing its cost of goods sold, despite challenges in raw material pricing.
EBITDA Growth: EBITDA increased to ₹46 crore in FY24, up from ₹36 crore in FY23. The EBITDA margin also improved from 9.92% in FY23 to 9.56% in FY24, demonstrating better operational efficiency.
Earnings Per Share (EPS): The company reported an EPS of ₹700 in FY24, a significant jump from ₹466.67 in FY23, showcasing an increase in shareholder value and overall profitability.

Disclaimer*This research has been conducted for investment purposes based on available data. Investors are advised to perform their own research and due diligence before making any investment decisions. We do not assume any responsibility for financial losses or inaccuracies in the data provided.

Pros

Stock is trading at 1.14 times its book value
Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of 26.3%

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -6.23% over past five years.
Company has a low return on equity of 3.68% over last 3 years.

Key Details

Share Name	Particulars
Frick India Limited Unlisted	1650.00
Shares Price	Per Equity Share
Minimum Lot Size	Shares Worth Rs. 15000
52 Week High	₹ 35000
52 Week LoW	₹ 3250
Depository	NSDL & CDSL
PAN Number	AAICS5252M
ISIN Number	INE499C01012
CIN	L74899HR1962PLC002618
RTA	Link Intime

Fundamentals	Value
Market Cap (in cr.)	990
P/E Ratio	28.57
P/B Ratio	3.21
Debt to Equity	0.02
ROE (%)	11.00%
Book Value	513.38
EPS	57.76
Face Value	10
Total Shares	5999750

Financials

P&L Statement	2025	2024	2023
Revenue	437	481	363
Cost of Material Consumed	288	326	256
Gross Margins	34.1	32.22	29.48
Change in Inventory	6	10	-13
Employee Benefit Expenses	63	60	51
Other Expenses	39	39	33
EBITDA	41	46	36
OPM	9.38	9.56	9.92
Other Income	11	12	6
Finance Cost	3	3	2
D&A	3	2	2
EBIT	38	44	34
EBIT Margins	8.7	9.15	9.37
PBT	46	53	38
PBT Margins	10.53	11.02	10.47
Tax	11	11	10
PAT	35	42	28
NPM	8.01	8.73	7.71
EPS	59.32	700	466.67

Ratio	FY25	FY24	FY23
Operating Margin	11%	11%	11%
Operating Margin	8%	9%	8%
Return on Equity	11%	15%	12%
Debt-Equity	0.02	0.08	0.07
Current Ratio	2.9	2.97	2.67
Dividend Payout	0%	0%	1%

Company	FRICK INDIA LTD	CRAFTSMAN AUTOMATION LTD	KIRLOSKAR INDUSTRIES LTD
Market Cap (₹ Crores)	1704	13470	3867
Profitability Margin (%)	8%	4%	5%
ROCE (%)	15%	12%	7%
ROE (%)	11%	9%	3%
D/E Ratio	0.02	0.83	0.20
P/E Ratio	49.17	63.50	26.70
P/B Ratio	5.53	4.69	0.63
Book Value per Share (₹)	513.38	1198.00	6045