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CARRIER AIRCONDITIONING & REFRIGERATION LIMITED
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Updated: 21 Aug 2025
The company manufactures, trades in, and supplies air conditioning and refrigeration equipment in India and internationally. The company operates through Refrigeration, Transportation System, and Airconditioning segments.
Carrier Airconditioning & Refrigeration Limited, is an unlisted public company incorporated on 06 July, 1992. It is classified as a public subsidiary of a foreign company and is located in , Haryana. It's authorized share capital is INR 110.00 cr and the total paid-up capital is INR 106.38 cr.
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Industry and products
Business Services
- Chillers/heat pumps, Air handlers, CassetteDucted, crf, Floor standing, Controls, Fan coils
Company size
₹ 110.0 Cr
₹ 106.4 Cr
₹ 2000-2250 cr
Auth Capital
Paidup Capital
Revenue
Key Metrics
** All rupee values in INR crores. Based on March 2024 numbers.
Total Revenue
-2.77%
-2.77%
EBITDA
23.35%
23.35%
Net Profit
36.92%
36.92%
Networth
36.64%
36.64%
Borrowings
-
Assets
30.46%
30.46%
Gross Margin
5.2
5.2
Operating Margin
1.74
1.74
Net Profit Margin
1.96
1.96
Return on Equity
0.07
0.07
ROCE
-2.31
-2.31
Debt to Equity
-
Sales
Mar 2024
Net worth
Mar 2024
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Locations
India
(56)
| State | Type | Address |
|---|
Locations on Map
Filter (4)
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Choose Location
People
| Designation | Name | DIN/PAN | Tenure |
|---|---|---|---|
| Director | Har Amrit Pal Singh Dhillon | 07043895 | 6 years |
| Director | Siraj Azmat Chaudhry | 00161853 | 4 years |
| Whole-time Director | Simran Thapar | 09026461 | 4 years |
| Additional Director | Shan Jain | 09661574 | 0 years |
| Managing Director | Sundaresan Narayanan | 06443519 | 1 years |
Financial Highlights
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Sales | 1,524.4 | 1,218.1 | 1,612.1 | 2,197.2 | 2,131.1 |
| Operating profit | 89.9 | 41.0 | 63.1 | 140.8 | 173.7 |
| Net profit | 47.5 | 16.7 | 42.1 | 109.9 | 150.5 |
| Gross margin | 41.2 | 41.2 | 36.6 | 32.9 | 38.1 |
| Operating margin | 5.9 | 3.4 | 3.9 | 6.4 | 8.2 |
| Net margin | 3.1 | 1.3 | 2.6 | 5.0 | 6.9 |
| Networth | 218.1 | 237.1 | 272.3 | 372.6 | 509.1 |
| Borrowings | 153.4 | - | - | - | - |
| Assets | 869.3 | 777.5 | 912.5 | 1,137.0 | 1,483.3 |
| Debt to equity | 0.7 | 0.0 | 0.0 | 0.0 | 0.0 |
| Current ratio | 1.2 | 1.3 | 1.3 | 1.4 | 1.4 |
| ROE | 21.8 | 7.0 | 15.5 | 29.5 | 29.6 |
| Days payable | 129.0 | 190.0 | 154.0 | 131.0 | 190.0 |
| WC days | 30.0 | 44.0 | 43.0 | 45.0 | 66.0 |
Margins
Gross margin
Operating margin
Net margin
Balance Sheet
₹
%
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 106.4 | 106.4 | 106.4 | 106.4 | 106.4 |
| Reserves | 111.8 | 130.7 | 165.9 | 266.2 | 402.7 |
| Borrowings + | 153.4 | - | - | - | - |
| Long term borrowings | - | - | - | - | - |
| Short term borrowings | 153.4 | - | - | - | - |
| Trade payables + | 317.6 | 372.5 | 431.5 | 529.5 | 687.0 |
| Days payable | 129.0 | 190.0 | 154.0 | 131.0 | 190.0 |
| Other liabilities + | 497.8 | 540.4 | 640.2 | 764.4 | 974.2 |
| Other non-current liabilities | 69.5 | 63.7 | 74.7 | 79.8 | 85.7 |
| Other current liabilities | 110.7 | 104.2 | 134.1 | 155.1 | 201.5 |
| Total liabilities | 869.3 | 777.5 | 912.5 | 1,137.0 | 1,483.3 |
| Fixed Assets + | 77.6 | 79.6 | 70.9 | 98.8 | 108.9 |
| Tangible assets | 71.1 | 72.6 | 67.7 | 89.0 | 91.6 |
| CWIP | 3.3 | 4.0 | 1.5 | 8.8 | 5.1 |
| Intangible assets | 3.1 | 3.0 | 1.8 | 1.0 | 12.2 |
| LT loans and advances | 2.2 | 1.9 | 2.7 | 4.2 | 2.6 |
| Other non-current assets | 83.9 | 72.4 | 82.0 | 80.9 | 100.5 |
| Current assets + | 705.6 | 623.6 | 756.9 | 953.0 | 1,271.4 |
| Inventories | 292.9 | 251.3 | 336.8 | 343.6 | 378.8 |
| Trade receivables | 280.7 | 274.1 | 257.3 | 323.9 | 331.9 |
| Cash and cash equivalents | 48.8 | 13.5 | 64.9 | 198.3 | 419.9 |
| ST loans and advances | 2.8 | 2.8 | 1.6 | 1.1 | 2.9 |
| Other current assets | 80.4 | 82.0 | 96.3 | 86.0 | 137.9 |
| Total assets | 869.3 | 777.5 | 912.5 | 1,137.0 | 1,483.3 |
Total assets
Profit & Loss
₹
%
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Sales + | 1,524.4 | 1,218.1 | 1,612.1 | 2,197.2 | 2,131.1 |
| Sales growth % | 3.23 | -20.09 | 32.34 | 36.3 | -3.01 |
| Expenses + | 1,468.8 | 1,207.5 | 1,575.2 | 2,079.5 | 1,984.3 |
| Cost of goods | 896.5 | 716.3 | 1,021.2 | 1,473.8 | 1,318.5 |
| Employee cost | 148.5 | 151.9 | 165.6 | 169.2 | 177.4 |
| Other costs | 389.5 | 309.0 | 362.2 | 413.4 | 461.5 |
| Operating profit + | 89.9 | 41.0 | 63.1 | 140.8 | 173.7 |
| Operating margin % | 5.9 | 3.4 | 3.9 | 6.4 | 8.2 |
| Other income | 25.0 | 22.8 | 20.1 | 24.1 | 28.6 |
| Interest | 16.2 | 10.5 | 2.7 | 2.1 | 2.1 |
| Depreciation | 18.0 | 19.9 | 23.5 | 21.1 | 24.7 |
| Exceptional items | - | - | - | - | - |
| Profit before tax | 80.7 | 33.4 | 57.0 | 141.8 | 175.4 |
| Tax | 33.2 | 16.7 | 14.9 | 31.9 | 43.7 |
| Profit - disc. ops | - | - | - | - | 18.7 |
| Net profit | 47.5 | 16.7 | 42.1 | 109.9 | 150.5 |
| Net margin % | 3.1 | 1.3 | 2.6 | 5.0 | 6.9 |
Revenue from operations
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Solvency + | |||||
| Total Debt/Equity | 0.7 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Debt/Equity | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total Debt/Assets | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total Assets/Equity | 4.0 | 3.3 | 3.4 | 3.0 | 2.9 |
| Liquidity + | |||||
| Current Ratio | 1.2 | 1.3 | 1.3 | 1.4 | 1.4 |
| Quick Ratio | 0.7 | 0.8 | 0.7 | 0.9 | 1.0 |
| Interest Coverage | 5.5 | 3.9 | 23.2 | 68.4 | 82.3 |
| Performance | |||||
| Gross Margin | 41.2 | 41.2 | 36.6 | 32.9 | 38.1 |
| Operating Margin | 5.9 | 3.4 | 3.9 | 6.4 | 8.2 |
| Net Margin | 3.1 | 1.3 | 2.6 | 5.0 | 6.9 |
| Return + | |||||
| Return on Equity | 21.8 | 7.0 | 15.5 | 29.5 | 29.6 |
| Pre-tax ROCE | 35.6 | 9.3 | 15.1 | 32.6 | 30.3 |
| Return on Assets | 5.5 | 2.1 | 4.6 | 9.7 | 10.2 |
| Pre-tax ROIC | 22.3 | 8.9 | 14.5 | 32.1 | 29.3 |
| Efficiency + | |||||
| Days Payable | 129.0 | 190.0 | 154.0 | 131.0 | 190.0 |
| Days Inventory | 119.0 | 128.0 | 120.0 | 85.0 | 105.0 |
| Days Receivable | 67.0 | 82.0 | 58.0 | 54.0 | 57.0 |
| Fixed Asset Turnover | 19.6 | 15.3 | 22.7 | 22.2 | 19.6 |
| Total Asset Turnover | 1.8 | 1.6 | 1.8 | 1.9 | 1.4 |
| Working Capital | |||||
| Cash Conversion Cycle | 57.0 | 20.0 | 24.0 | 8.0 | -28.0 |
| Working Capital Days | 30.0 | 44.0 | 43.0 | 45.0 | 66.0 |
Ratios
Current ratio
Debt/equity ratio
Charges on assets
As per information available, the company has no registered charges.
Company Network
Companies connected through Directors
| Name | Status | Paid up Capital | Common Directors | Address |
|---|---|---|---|---|
| CARGILL FOODS INDIA LIMITED |
Amalgamated
|
26.5 Cr | 1 | Delhi |
| DHANUKA AGRITECH LIMITED |
Active
|
9.1 Cr | 1 | Delhi |
| SATS (INDIA) CO. PRIVATE LIMITED |
Active
|
60.0 L | 1 | Maharashtra |
| TAJ SATS AIR CATERING LIMITED |
Active
|
17.4 Cr | 1 | |
| BIKAJI FOODS INTERNATIONAL LIMITED |
Active
|
25.1 Cr | 1 | |
| TATA COFFEE LIMITED |
Amalgamated
|
18.7 Cr | 1 | |
| JUBILANT INGREVIA LIMITED |
Active
|
15.9 Cr | 1 | |
| TRIVENI ENGINEERING AND INDUSTRIES LIMITED |
Active
|
21.9 Cr | 1 | Uttar Pradesh |
| AIR INDIA SATS AIRPORT SERVICES PRIVATE LIMITED |
Active
|
234.8 Cr | 1 | Delhi |
| ARBOREAL BIOINNOVATIONS PRIVATE LIMITED |
Active
|
2.0 L | 1 | Delhi |
| ONITY INDIA PRIVATE LIMITED |
Active
|
10.0 L | 1 | Delhi |
| HELLA INFRA MARKET PRIVATE LIMITED |
Active
|
1.7 Cr | 1 | Maharashtra |
| HELLA INFRA MARKET LIMITED |
Active
|
2.1 Cr | 1 | Maharashtra |
| SHALIMAR PAINTS LTD |
Active
|
16.7 Cr | 1 | Haryana |
Tofler Score
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Risk
Severe Risk
- No risks identified
Moderate Risk
- No risks identified
Low Risk
- No risks identified
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is
dependent on three key factors - Sustainability, Governance, and Growth.
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Registered Details
CIN
U74999HR1992FLC036104PAN
AAACC8414BIncorporation
1992, 33.1 yearsCompany Email
secretarial@carrier.comPaid up Capital
₹ 106.4 CrAuthorised Capital
₹ 110.0 CrAGM
Sep 2024Type
Public
Others
FAQ - CARRIER AIRCONDITIONING & REFRIGERATION LIMITED
What is the incorporation date of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED?
The incorporation date of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED is 06 July, 1992
What is the authorized share capital of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED?
The authorized share capital of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED is INR ₹ 110.0 Cr.
What is the paid-up capital of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED?
The paid-up capital of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED is INR ₹ 106.4 Cr.
What is the registered address of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED?
The registered address of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED is Narsingpur, Kherki Daula Post, Delhi-Jaipur Highway, Gurugram, Narsinghpur, Gurgaon, Narsinghpur, Haryana, India, 122004 - 122004
What is the CIN number of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED?
The CIN number of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED is U74999HR1992FLC036104.
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