Frick India FY24 Results - Is Investing in Frick India Limited Worth It? | Stock Market News
Frick's amazing FY24 results are out, so let's take a quick look in just one minute!
Frick India Limited FY24 results show tremendous growth across all major financial metrics compared to FY23.
Total Revenue: Increased by 34%, reaching ₹494 crore, while last year it was ₹369 crore!
PAT: There's a whopping 48% growth in Profit After Tax, jumping from ₹29 crore to ₹42 crore!
EPS: The Earnings Per Share surged by 48%, rising to 705 from 475 last year!
Valuation: Its PE ratio is 41, which is fairly valued compared to the industry average of 99.
So, valuation-wise, it's fairly priced, but a PE of 40 is still quite high. Yes, the company has performed really well over the past year, which is why we give it a neutral rating.
Existing investors can hold, but new investments at this valuation might be a bit too high.
About Frick India Limited Unlisted Shares:
Frick India Limited ("The Company") is one of the largest equipment manufacturers and turnkey solutions (one which is designed, developed, and equipped with all facilities by one single company under a contract) provider for industrial ammonia refrigeration in India. Its facility is spread over a 21-acre complex in Faridabad, Haryana. The company is listed on the Metropolitan Stock Exchange of India Ltd (MSEI) and not traded due to low liquidity.
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.
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