Next Defence Multibagger? THIS BSE SME Stock Falls 3% After Result Rally, Still Up 44% In 3 Months

Shares of Shree Refrigerations Limited pared gains during Wednesday's trading session a day after the the BSE SME stock saw massive 11% rally in the previous session on corporate result euphoria. Ace investor Ashish Kacholia backed defence manufacturer reported a 64% year-on-year jump in its standalone profit to Rs 21.4 crore in financial year 2025-26.

Shree Refrigerations share price was trading 2.72% lower at Rs 257.4 per share on BSE with a market capitalisation of Rs 914.10 crore at 2:33 pm on Wednesday, May 27. The stock had touched an intraday high of Rs 267 per share and an intraday low of Rs 252.2 per share.

Shree Refrigerations FY 26 Result Recap

Shree Refrigerations reported a standalone profit of Rs 21.4 crore in the financial year 2025-26, which is 64% higher than Rs 13 crore reported in FY 25. Shree Refrigerations EBITDA increased by 21.8% on an annual basis to Rs 32.8 crore in FY 26. The company's revenue from operations jumped around 55% on an annual basis to Rs 153.5 crore against Rs 98.7 crore reported in the previous financial year.

Shree Refrigerations Share Price Jumps 44% in 3 Months: What's Next For Investors?

The BSE SME IPO stock has delivered close to 44% return in three months. Strong execution capabilities, operating leverage, and growing opportunities for defence-oriented HVAC and data centres are likely to fuel the outlook for the Maharashtra-based firm, according to Mahesh Ojha, VP Research & Business Development, KC Securities Pvt Ltd.

"Shree Refrigerations Limited delivered a strong performance, with revenue growing 116% YoY driven by improved HVAC execution capabilities and operating leverage. EBITDA margins expanded to 26.3%, while the working capital cycle improved significantly from ~570 days to ~370 days," explained Ojha.

"With an order book at nearly 1.8x FY26 revenue and growing opportunities in defence-oriented HVAC and data centres, SRL is well positioned for scalable long-term growth." said Mahesh Ojha, VP Research & Business Development, KC Securities Pvt Ltd," the expert added. Shree Refrigeration Limited debuted in the Indian stock market in 2025. The BSE SME company is backed by ace investor like Ashish Kacholia.

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