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RECOMMENDATION

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Business Type

Traditional Business

  • unlisted stock logo
    Frick India Limited Unlisted Shares Essentials

ISIN

INE499C01012

Face Value

₹10.00

Total Share

5,99,975

Total Income

₹237.54 Cr

Profit After Tax

₹160.02 Cr

Promoter Holding

63.94 %

EPS

₹346.52

P/E

15.58

P/B

30.51

Market Capitalisation

₹323.99 Cr

Book Value

₹177.00 Cr

Intrinsic Value

₹6,193.00

Sector

Industrials

Sub-sector

Industrial Machinery

Cashflow - Operations

₹3.65 Cr

Cashflow - Financing

₹2.42 Cr

Frick India Limited Growth

Compounded Sales Growth

  • 4.64%

    1 Year

  • -3.32%

    3 Year

  • 2.22%

    5 Year

Pro Only

Compounded Profit Growth

  • 2.74%

    1 Year

  • -3.27%

    3 Year

  • 2.63%

    5 Year

Pro Only

Return On Equity

  • 90.24%

    1 Year

  • 161.26%

    3 Year

  • 135.48%

    4 Year

Pro Only

About Frick India Limited

  • FRICK INDIA LIMITED ("Frick") is primarily involved in  manufacturing and selling of of industrial refrigeration & air-conditioning equipment. The company also installs turnkey projects and uses more than 50 years of experience in the manufacturing and selling of refrigeration equipment. It provides energy-efficient and reliable refrigeration equipment and systems in India.
  • Its manufacturing facilities are located at Faridabad (Haryana), in the periphery of the national capital & are spread over a 22-acre multi-block complex. It was incorporated as a public limited company in 1962 in collaboration with Frick Company USA. It is now independent and has diversified.


Key facts:

  • It provides single-source responsibility for turnkey refrigeration and air-conditioning systems covering design, manufacture, packaging, installation, and service to standard specifications as well as custom-built to meet its customers’ special requirements. With collaboration and technologies from the U.K., Japan, U.S.A., and Europe
  • It also provides online Frick India Energy Management System (FEMS) for all Industrial Refrigeration Applications. The company is presently manufacturing a lot of equipment like various types of compressors and packages condensers, Air handling units, liquid re-circulation pump, ice-making equipment, plate & blast freezers, packages chillers, etc. used in industrial refrigeration and PUF Panel.
  • With collaboration and technologies from Japan, U.S.A. It India can also provide on line Total Energy Management Systems (TEMS) for almost all industrial refrigeration applications.





  • Frick India Limited IPO Details

Currently, Company has no plan to raise funding through IPO.

  • Frick India Limited Revenue Segmentation

  • Revenue from manufacture of industrial refrigeration and AC equipment"
  • Revenue from services provided by the company
  • Frick India Limited Product & Services

Products:

  • Compressors
  • Condensers
  • Frigid Coils
  • Liquid Ammonia Pumps
  • Heat Exchanger & Pressure Vessels
  • Packaged Chillers
  • Packaged A/C
  •  Plate Freezers
  • Automation System
  • Ice Making Equipment 
  • Puf Panels


The Main Products are:

  • Frigid Coils 'S' Series (Stainless Steel Tubes & Aluminum Fin
  •  Liquid Overfeed System
  • Evaporative Condensers
  •  Rotary Twin Screw Compressor Blocks
  • High Speed Reciprocating Compressors
  •  Rotary Twin Screw Compressor Packages
  •  Two Stage Compound Reciprocating Compressor
  •  Frigid Coils ”A” Series (Aluminum Tubes & Aluminum Fins)
  • Frick India Limited Assets

Assets as on 31 March 2021

Assets:Amount (in Lakhs)
Freehold Land
Rs 8.69
Building
Rs. 65.90
Plant & Machinery
Rs.720.55
Motor Vehicle
Rs.51.67
Plant & Machinery
Rs.720.55


  • Frick India Limited Industry Overview

Industry Statistics

Refrigeration and Air Conditioning Industry:

Industrial refrigeration can be defined as the equipment and accessories projected to remove heat from large-scale processes or materials, lowering the temperature to a desired value. Depending on different parameters like the production scale, temperature difference, accuracy or expected temperature, there are multiple methods used to apply industrial refrigeration. Industrial refrigeration has been of paramount importance since the early years of the twentieth century. Historically, industries like Food and Beverages, Pharmaceuticals or Petrochemicals, achieved important developments thanks to systems indicated for reducing the temperature of their products or processes, or conserving them in optimal conditions to avoid safety issues.

Air conditioning, often abbreviated as A/C or AC, is the process of removing heat and controlling the humidity of air in an enclosed space to achieve a more comfortable interior environment by use of powered "air conditioners" or a variety of other methods, including passive cooling and ventilative cooling. Air conditioning is a member of a family of systems and techniques that provide heating, ventilation, and air conditioning (HVAC).


  • India Industrial Refrigeration Systems market is primarily driven by growing demand for cold storage facilities in the country coupled with the growing government investment for the expansion of the pharmaceuticals industry in India. Currently in India over 6,000 cold storages are available which accounts for only, 45% of the required cold storage facilities. However, the India region is expected to register a decline in demand during 2020, due to the global pandemic COVID-19, which has led to a complete lockdown in the region during the first half of 2020, leading to slowdown businesses in the region.
  • A growing number of middle-class households and rising buying power would continue to accelerate the demand for room split air conditioners (ACs) in India. Increasing office and retail spaces in the country along with booming tourism and hospitality sectors are also contributing to the healthy growth of the Indian air conditioner market.

Future Prospects

  • The long-term outlook of the global refrigeration and air conditioning compressors market size is projected to reach USD 19140 Mn by 2026, from USD 16600 Mn in 2020, at a CAGR of 2.4% during 2020-2026. This year was quite challenging due to slowdown in economy as well as other factors like Covid-19 impact w.e.f. April, 2020.
  • Overall, the employment level for Air-conditioning and Refrigeration Mechanics increased between 2000 and 2020. Although there was a sharp increase from around 25,400 in 2018 to 36,400 in 2019, employment levels in 2020 have returned to be in line with the 2018 figures, at 26,400. Projections indicate that employment levels by 2024 will return to figures similar to the spike seen in 2019, with 34,800 projected by 2024. According to the 2016 census a large proportion of Air-conditioning and Refrigeration Mechanics are employed in the Construction Services, and Repairs and Maintenance industries (approximately 37% and 35% respectively).

Government Initiatives

  •  The government of India gave an approval to 27 cold chain projects through the Pradhan Mantri Kisan Sampada initiative in 11 states of India. The government announced an investment of USD 28 Mn in this initiative, driving the market.

Frick India Limited Awards & Achievements

  • Frick India Limited has been awarded "Most trusted Industrial Frick India Limited has been awarded Refrigeration Equipment Manufacturing Company of the Year" on 9tth August 2019.
  • Frick India Limited has been awarded "WINNER" in REFCOLD India 2018 EMERSON AWARD on 22nd November 2018.
  • Frick India Limited has been awarded "Best Manufacturer Award" in Danfoss ICE Award 2017.
  • Frick India Limited has been awarded "India Agribusiness Excellence Award" for Year 2017.
  • Frick India Limited has been awarded "Product of the year" Award for our Screw Compressors by ASSOCHAM at their 9th International Summit on Food Processing, Agriculture & Dairy (FAD) Summit on 13th August 2016.
  • Frick India Limited has been awarded "COMPANY OF THE YEAR AWARD" by Indo-American Chamber of Commerce (IACC-NIC) at their "Business Leadership Awards and Fellowship Night" on 14th September 2015.

Frick India Limited Strengths

  • The company has shown consistent growth in there EPS in the last 7 years which shows the strong financials of the company.  
  • The assets of the company are increasing at the compounded rate of 10% from the last 7 years. As the demand is increasing company is also increasing is production capacity . 
  • Year on year equity of the company has increased and the board of the company has declared dividend shows a positive impact towards investors.

Frick India Limited Shortcomings

  • The company has a low to moderate profitability. 
  • Company is also not doing any meaning full capex from the last 3 years. The affect of which is shown in almost no growth in the revenue of Frick India.

Frick India Limited Opportunities

  • The consumption of ready-to-eat products, beverages, and frozen food has increased considerably worldwide in the recent years, which is further boosting the demand for commercial refrigeration equipment.
  • A growing number of middle-class households and rising buying power would continue to accelerate the demand for room split air conditioners (ACs) in India. Increasing office and retail spaces in the country along with booming tourism and hospitality sectors are also contributing to the healthy growth of the Indian air conditioner market.

Frick India Limited Threats


  • The ventures operating in the global industrial refrigeration industry are opting for multiple business development strategies to stronghold their market position in the industry to provide integrated services to the customers. Therefore, competitive rivalry in the market is high.
Frick India Limited Rating

  • RECOMMENDATION

    Buy

  • Frick India Limited Detail Info

Industry Statistics

PUBLIC LIMITED

Registered In

India

last Updated

28/08/2021

Planify Ticker

FIL

Reg Office: Main Mathura Road ,Faridabad , Faridabad, Haryana-121003

Website: http://www.frickweb.co.in