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Frick India ₹1,975 ▼ 7.1% 1M
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Frick India Unlisted Shares

Industrial Machinery Industrial refrigeration equipment

Frick India makes industrial refrigeration equipment such as ammonia compressors, chillers and pressure vessels at Faridabad, Haryana. It reported revenue from operations of Rs 48,128.91 lakh in FY24.

Read the full company profile
Indicative price
As of 23 Oct 2026
₹1,975 ▼ 7.06% in 1 month
Dealer quotes: ₹1,900 – ₹1,980 across 3 dealers
Key facts

Frick India share details

Lot size
100 shares
Min. investment
₹197,500
Face value
₹10
Implied market cap
₹1,201 Cr
Shares outstanding
6,079,446
Founded
1962
Headquarters
Faridabad, Haryana
Website
frickweb.com
ISIN
INE499C01012
CIN
L74899HR1962PLC002618
Lock-in after IPO
6 months
Price history

Frick India share price chart

1Y change
-5.95%
High
₹2,650
Low
₹1,550

Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.

About

About Frick India

Frick India Limited designs, manufactures and installs industrial refrigeration equipment for the food and process industries. It was incorporated in 1962 and its factory is at 21.5 Km, Main Mathura Road, Faridabad, Haryana. Its products include rotary screw and reciprocating compressors, evaporative condensers, chillers, refrigerant pumps, pressure vessels, air cooling units and electric control panels. Customers come from dairy, poultry, seafood, meat, food processing, chemicals and beverages. The company says it sells across India through 11 branches and has exported to 50+ countries. In FY24 its export earnings were Rs 2,183.87 lakh, and no single customer accounted for more than 10% of revenue. At the end of March 2024 it had 885 employees on its payroll. The company reports one business segment, industrial refrigeration and air conditioning systems. Mr. Jasmohan Singh has been Managing Director since 1999. The equity shares are listed on the Metropolitan Stock Exchange of India, which is a thinly traded platform, and not on NSE or BSE. The latest annual report we could read with a clean text layer is for FY24 (year ended 31 March 2024). On standalone numbers, revenue from operations was Rs 48,128.91 lakh against Rs 36,282.80 lakh in FY23, and profit after tax was Rs 4,232.35 lakh against Rs 2,852.21 lakh. Total equity stood at Rs 27,371.77 lakh. Later quarterly results exist, but their scanned copies were not clear enough for us to quote. As on 31 March 2024, the promoters held 62.45% of the 599,975 equity shares and the rest was with public shareholders. We could not link the company to an IPO filing, so there is no IPO journey to report. Unlisted shares of a company like this are dealt off-market between buyers and sellers, so the price shown on this page is only indicative and may differ from any deal you are offered.

Strengths

  • Revenue from operations grew from Rs 36,282.80 lakh in FY23 to Rs 48,128.91 lakh in FY24, and profit after tax rose from Rs 2,852.21 lakh to Rs 4,232.35 lakh.
  • Borrowings were small against the size of the business: total borrowings were Rs 2,078.31 lakh at 31 March 2024 against total equity of Rs 27,371.77 lakh.
  • No single customer accounted for more than 10% of FY24 revenue, so the business does not lean on one buyer.
  • The company has been in the business since 1962 and sells to dairy, seafood, meat, food, chemical and beverage customers, so its demand is spread across several industries.
  • Cash and bank balances were Rs 415.71 lakh and Rs 9,057.87 lakh at 31 March 2024, and the company has paid a dividend every year in the five-year table, Rs 24.00 lakh in FY24.
  • Exports brought in Rs 2,183.87 lakh in FY24 against Rs 1,639.18 lakh in FY23.

Risks

  • Cash flow from operations was only Rs 141.93 lakh in FY24 against profit before tax of Rs 5,292.71 lakh, because trade receivables rose by Rs 2,867.76 lakh.
  • Trade receivables were Rs 11,334.94 lakh at 31 March 2024 against Rs 8,573.80 lakh a year earlier, so delays in customer payments could hurt cash.
  • Inventories of Rs 8,794.01 lakh tie up a large amount of money, and the raw material bill (Rs 32,654.48 lakh in FY24) makes margins sensitive to metal and component prices.
  • Other income of Rs 1,239.84 lakh in FY24 contributed to profit before tax; it includes investment gains that may not repeat.
  • Only Rs 2,183.87 lakh of FY24 revenue came from exports, so results depend mainly on Indian demand from food and cold chain projects.
  • The shares are listed on the Metropolitan Stock Exchange of India, where trading is thin, and unlisted share deals are off-market with indicative prices only, so buying or selling can be hard.
  • Promoters held 62.45% of the shares at 31 March 2024, so they can strongly influence decisions.
  • Finance costs rose to Rs 325.86 lakh in FY24 from Rs 198.51 lakh in FY23 as short term borrowings increased.
Financials

Frick India financial performance

Revenue, profit and balance-sheet figures by fiscal year.

Revenue & PAT (₹ Cr)
Revenue PAT
Metric FY24Latest FY23
Revenue (₹ Cr) 481 363
PAT (₹ Cr) 42.32 28.52
PAT Margin (%) 8.79 7.86
RoNW (%) 15.46 12.31
EPS (₹) 705.42 475.40
Debt / Equity 0.08 0.07
Total Assets (₹ Cr) 389 348
Net Worth (₹ Cr) 274 232

Swipe the table sideways for earlier years →

Leadership

Management team

Jasmohan Singh
Managing Director
Managing Director of the company since 1999.
Sharad Bhatnagar
Director (Finance & Taxation) & CFO
Chartered accountant who heads finance and taxation.
Ramesh Chandra Jain
Independent Director
Chairs the nomination and remuneration committee.
Gurleen Kaur
Non-Executive Director
Sits on the stakeholders relationship committee.
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Frick India unlisted shares: common questions

Important disclaimer

Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.

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