FRICK INDIA LIMITED was incorporated as a public limited company in 1962 in collaboration with Frick Company USA, one of the world’s oldest and largest manufacturers of industrial refrigeration & air-conditioning equipment. Frick India is now independent and has diversified and developed into one of the top-ranking companies and its equipment is rated amongst the world’s best.
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 227 | 280 | 363 | 481 |
| Cost of Material Consumed | 139 | 204 | 256 | 326 |
| Gross Margins | 38.77 | 27.14 | 29.48 | 32.22 |
| Change in Inventory | 5 | -13 | -13 | 10 |
| Employee Benefit Expenses | 37 | 43 | 51 | 60 |
| Other Expenses | 25 | 27 | 33 | 39 |
| EBITDA | 21 | 19 | 36 | 46 |
| OPM | 9.25 | 6.79 | 9.92 | 9.56 |
| Other Income | 10 | 7 | 6 | 12 |
| Finance Cost | 2 | 2 | 2 | 3 |
| D&A | 2 | 2 | 2 | 2 |
| EBIT | 19 | 17 | 34 | 44 |
| EBIT Margins | 8.37 | 6.07 | 9.37 | 9.15 |
| PBT | 27 | 22 | 38 | 53 |
| PBT Margins | 11.89 | 7.86 | 10.47 | 11.02 |
| Tax (2021) | 6 | 5 | 10 | 11 |
| PAT | 21 | 17 | 28 | 42 |
| NPM | 9.25 | 6.07 | 7.71 | 8.73 |
| EPS | 350 | 283.33 | 466.67 | 700 |
| Financial Ratios | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | 9.25 | 6.79 | 9.92 | 9.56 |
| Net Profit Margin | 9.25 | 6.07 | 7.71 | 8.73 |
| Earning Per Share (Diluted) | 350 | 283.33 | 466.67 | 700 |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 9 | 9 | 10 | 11 |
| CWIP | 0.5 | 0 | 0 | 0 |
| Investments | 25 | 26 | 31 | 42 |
| Trade Receivables | 84 | 76 | 86 | 113 |
| Inventory | 39 | 61 | 90 | 88 |
| Other Assets | 112.5 | 118 | 130 | 135 |
| Total Assets | 270 | 290 | 347 | 389 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 0.6 | 0.6 | 0.6 | 0.6 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 187 | 203 | 231 | 273 |
| Borrowings | 15 | 15 | 17 | 21 |
| Trade Payables | 19 | 15 | 21 | 24 |
| Other Liabilities | 48.4 | 56.4 | 77.4 | 70.4 |
| Total Liabilities | 270 | 290 | 347 | 389 |
| Cash-Flow Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| PBT | 27 | 22 | 38 | 53 |
| OPBWC | 24 | 20 | 37 | 48 |
| Change in Receivables | -22 | 8.5 | -10 | -29 |
| Change in Inventories | 9 | -22 | -29 | 2 |
| Change in Payables | 0 | 0 | 0 | 0 |
| Other Changes | -0.44 | 3.7 | 28 | -6 |
| Working Capital Change | -13.44 | -9.8 | -11 | -33 |
| Cash Generated From Operations | 10.56 | 10.2 | 26 | 15 |
| Tax | -7 | -7 | -8 | -14 |
| Cash Flow From Operations | 3.56 | 3.2 | 18 | 1 |
| Purchase of PPE | -1.3 | -2 | -2 | -4 |
| Sale of PPE | 0 | 0 | 0 | 0.2 |
| Cash Flow From Investment | 4.88 | -1.6 | -35 | 1 |
| Borrowing | 4.4 | 0.9 | 2 | 4 |
| Divided | -0.1 | -0.18 | 0 | -0.2 |
| Equity | 0 | 0 | 0 | 0 |
| Others From Financing | -1.9 | -2 | -2 | -2.8 |
| Cash Flow from Financing | 2.4 | -1.28 | 0 | 1 |
| Net Cash Generated | 10.84 | 0.32 | -17 | 3 |
| Cash at the Start | 7.4 | 18 | 18 | 1 |
| Cash at the End | 18.24 | 18.32 | 1 | 4 |
| Shareholding Pattern | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Promoters | 63.94% | 63.94% | 63.76% | 62.53% |
| Others | 36.06% | 36.06% | 36.24% | 37.47% |
