FRICK INDIA LIMITED was established in 1962 as a public limited company in collaboration with Frick Company USA, one of the world’s largest and oldest manufacturers of industrial air-conditioning and refrigeration equipment. Frick India Limited is now an independent company and is now one of the top ranking companies and its equipment are rated as world’s best.
Frick India Limited is the largest equipment manufacturer and turnkey solutions provider for industrial refrigeration in India. The company is supplying its products in 45 countries apart from India. Frick India Limited manufacturing facilities are located at Faridabad, Haryana.
Frick India Limited is one stop solution for turnkey refrigeration and air conditioning systems. The company covers design, manufacture, packaging, installation and service to standard specifications. It also provides custom-build solutions to meet customer’s specific requirements.The company is manufacturing a lot of equipments like compressors, and packagesCondensers, Ice-making equipment,Liquid re-circulation pump, Air handling units, Plate & blast freezers, Packages chillersetc.
Frick India has been providing refrigeration solution to almost all the vital industries, related to Food and Agriculture, DairyProduction, Meat, Fisheries and Livestock, Beverages and Breweries, Chemical andPharmaceutical Industry etc.
In FY 2020, Frick India Limited has been awarded as “MostTrusted Industrial RefrigerationEquipment Manufacturing Company of the Year”
The equity shares of Frick India limited are listed on Metropolitan Stock Exchange of India (MSEI). However, the shares of Frick India Limited are in Trade – to – trade segment, this means that the trades can only be settled by accepting or giving the delivery of shares.
04 August 1962
Category/Sub-category of the Company
Public Limited Company
Address of the Registered office and contact details
21.5 KM, Main Mathura Road,
Faridabad - 121003
e-mail : firstname.lastname@example.org
Name, Address and Contact Details of
Registrar and Transfer Agent, if any
Link Intime India Pvt. Ltd.,
Noble Heights, Ist Floor, NH-2,
C-1, Block LSC, Near Savitri Market
Janakpuri, New Delhi-110058
Tel : 011-41410592 / 93/94
e-mail : email@example.com
PRINCIPAL BUSINESS ACTIVITES OF THE COMPANY
Name and Description of main products/services
NIC Code of the product/service
% to total turnover of the Company
Manufacture of other general purpose
BOARD OF DIRECTORS
Mr. Jasmohan Singh (Managing Director)
Mr. Ramesh Chandra Jain (Independent Director)
Ms. Gurleen Kaur (Non-Executive Director)
Ms. Jasleen Kaur (Non-Executive Director)
CA. DivakerJagga (Independent Director)
CA Mahendra Kumar Doogar (Independent Director)
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
FRICK INDIA LIMITED does not have any subsidiary or associate company.
FRICK INDIALIMITEDUNLISTED SHARE DETAILS
Total Available Shares:
Rs. 10 Per Equity Share
Rs. 299.99 Crore
(As on 31-03-2020)
Number of shares
% of total Shares of the company
Mr. Jasmohan Singh
Dr. J. B. Singh
M S KoldHold Industries P. Ltd.
Mr. Gurmohan Singh
Ms. Gurleen Kaur
Ms. Jasleen Kaur
Smt. LaliSarabjit Singh
Mr. Jagmit Singh
Mr. Gurmit Singh
Ms. Sonu Singh
The long-term outlook of the global refrigeration and air conditioningcompressors market remains positive with the marketvalue expected to marginal increase at a CAGR of 0.5% during the FY 2021. FY 2020 was quitechallenging due to slowdown in economy as well as other factors like Covid-19 pandemic and nationwide lockdown.
Cold storage industry annually grows by 12-15 per cent in bulk storage capacity. As consumer preference and habits for foodranging from vegetables, fruits and eatables, cold storage would combine to begrown. The industry sees expansion of frozen vegetablecapacity as major difference prevailed in season and off season price.
The consumption of ready-to-eat products, beverages, and frozen food has increased considerably worldwide in the recentyears, which is further boosting the demand for commercial refrigeration equipment. Rising disposable income, along withthe increasing impact of western lifestyle has fuelled the acceptance of such products among the large middle-classconsumers of developing countries. The changed food consumption trend is being supported by rapid expansion ofsupermarkets, hypermarkets, and food and restaurant chains around the world.
India ranks first in the world in production of fruits and second in vegetables, accounting roughly 10% and 15%,respectively, of total global production. The estimated annual production of fruits and vegetables in the country is about 130million tonnes accounting to 18% of our agricultural output.
The Government which subsidizes a major portion of the farmers' costs in an effect to uplift them also loses money because of poor storage facilities. Hence proper cold chain infrastructure is the need of the hour. Frick India proposes appropriate technologies forIndian Cold Chain where high-value fruits and vegetables can be kept for longer periods.Various schemes has also been implemented by NABARD/NCDC/NHB. National Horticulture Board towards construction,expansion and modernization of cold storage for horticulture products, to promote setting up of cold storage in the countryfor reducing post-harvest losses.
KEY FINANCIALS OF FRICK INDIA LIMITED (In Rs. Lakhs)
Revenue from Operations
Profit Before Tax and exceptional items
Profit After Tax (PAT)
BALANCE SHEET OF FRICK INDIA LIMITED(In Rs. Lakhs)
NON CURRENT ASSETS
Other non-current assets
TOTAL NON CURRENT ASSETS
Cash and Cash equivalents
Other financial assets
Other current assets
TOTAL CURRENT ASSETS
EQUITY AND LIABILITIES
Equity Share Capital
NON CURRENT LIABILITIES
TOTAL NON CURRENT LIABILITIES
Other financial liabilities
Other current liabilities
TOTAL CURRENT LIABILITIES
TOTAL EQUITY AND LIABILITIES
Dividend (final + interim) (In Rs.)
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company increased by 2.52%from Rs.22,200.04 Lakhs in FY 2020 to Rs. 22,759.77 Lakhs in FY 2021.
EBITDA of the company has been increased by 17.26% in FY 2021 and touched Rs. 2,190.83 Lakhs from Rs. 1,868.38 Lakhs in FY 2020.
Profit after Tax of the company has been increased around 42% from Rs.1,460.91 Lakhs in FY 2020 to Rs. 2,079.05 Lakhs in FY 2021.
Frick India Limited have been undertaking various initiatives on the Quality matters, in all aspects, from the stage of procurement of raw-materials / inputs for the production process up to the stage of final installation at the Project Site of the Client and beyond commissioning as well.
Current Ratio of the company as on 31st March 2021 was 2.93. This states that there were no liquidity issues in the company till 31st March 2020.
Debt to Equity ratio of the company as on 31st March 2021 was 0.08.In FY 2021, the company’s total borrowings liability increased around 45% from Rs. 1,011.89Lakhs as on 31st March 2020 to Rs. 1,466.54 lakhs as on 31st March 2021.
Frick India Limited has given a dividend of Rs. 2.5 per equity share each year from FY 2018 to FY 2020.
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