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Western Refrigeration
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Registered Details

WESTERN REFRIGERATION PRIVATE LIMITED

All Companies ›

Dadar and Nagar Haveli ›

Manufacturing of Machinery ›

Active

Updated: 15 Sep 2026

Western Refrigeration Private Limited is a manufacturing company that specializes in refrigeration and air conditioning solutions. It offers a diverse range of products including display cabinets, cold storage systems, and chillers, serving industries such as retail, hospitality, and food processing, thereby enhancing temperature control and energy efficiency.

Western Refrigeration Private Limited, is an unlisted private company incorporated on 09 August, 1972. It is classified as a private limited company and is located in , Dadra And Nagar Haveli And Daman And Diu. It's authorized share capital is INR 6.02 cr and the total paid-up capital is INR 1.04 cr.

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Industry and products

Manufacturing (Machinery & Equipments)

commercial kitchen equipments, hot and cold vending machines, ice machines, and retail solutions, commercial refrigeration equipment

Company size

Auth Capital

₹ 6.0 Cr

Paidup Capital

₹ 1.0 Cr

Revenue

₹ 2500-2750 cr

Key Metrics

** All rupee values in INR crores. Based on March 2025 numbers.

Total Revenue

21.75%

₹ 2,556.0

EBITDA

33.25%

₹ 557.6

Net Profit

26.02%

₹ 403.6

Networth

20.3%

₹ 1,339.2

Borrowings

₹ -

Assets

23.58%

₹ 2,088.3

Gross Margin

1.9

43.0 %

Operating Margin

1.69

22.1 %

Net Profit Margin

0.53

15.8 %

Return on Equity

1.37

30.1 %

ROCE

5.39

40.2 %

Debt to Equity

0.0

Sales

Mar 2025

Net worth

Mar 2025

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Locations

India (68)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Director	Tatsuya Sadao Hirano	07800597	9 years
Managing Director	Harmeet Singh Bhupender Singh Machre Shareholder	00084003	18 years
Director	Akira Kamiya	06477584	14 years
Whole-time Director	Parmeet Singh Bhupinder Singh Machre Shareholder	00114467	33 years

Financial Highlights

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	751.5	1,210.7	1,587.5	2,046.3	2,518.7
Operating profit	93.5	145.6	234.8	418.5	557.6
Net profit	65.8	108.7	170.3	320.3	403.6
Gross margin	36.0	32.8	36.1	41.1	43.0
Operating margin	12.4	12.0	14.8	20.4	22.1
Net margin	8.6	8.8	10.5	15.3	15.8
Networth	516.5	624.9	795.0	1,113.2	1,339.2
Borrowings	-	-	-	-	-
Assets	848.2	1,044.1	1,263.2	1,689.8	2,088.3
Debt to equity	0.0	0.0	0.0	0.0	0.0
Current ratio	2.0	1.9	2.0	2.4	2.2
ROE	12.7	17.4	21.4	28.8	30.1
Days payable	225.0	156.0	129.0	138.0	156.0
WC days	159.0	111.0	105.0	134.0	130.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	1.2	1.2	1.2	1.2	1.0
Reserves	515.3	623.7	793.9	1,112.0	1,338.1
Borrowings +	-	-	-	-	-
Long term borrowings	-	-	-	-	-
Short term borrowings	-	-	-	-	-
Trade payables +	296.7	348.0	357.6	454.4	613.4
Days payable	225.0	156.0	129.0	138.0	156.0
Other liabilities +	35.0	71.2	110.5	122.2	135.7
Other non-current liabilities	8.7	7.5	9.1	21.0	31.1
Other current liabilities	26.3	63.7	101.4	101.2	104.6
Total liabilities	848.2	1,044.1	1,263.2	1,689.8	2,088.3
Fixed Assets +	181.8	239.5	328.5	338.2	375.8
Tangible assets	180.2	185.3	318.1	335.2	366.0
CWIP	0.1	53.2	9.5	1.8	8.8
Intangible assets	1.5	1.1	0.9	1.2	1.0
LT loans and advances	3.8	-	-	-	-
Other non-current assets	11.2	24.2	18.6	42.2	97.1
Current assets +	651.4	780.3	916.1	1,309.3	1,615.4
Inventories	198.7	271.6	316.6	385.0	489.7
Trade receivables	235.4	298.1	437.8	552.0	761.5
Cash and cash equivalents	14.0	14.7	8.2	46.7	44.7
ST loans and advances	0.8	0.1	0.2	0.3	0.4
Other current assets	202.5	195.8	153.2	325.3	319.1
Total assets	848.2	1,044.1	1,263.2	1,689.8	2,088.3

Percentage of assets	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.14	0.11	0.09	0.07	0.05
Reserves	60.75	59.73	62.85	65.81	64.08
Borrowings +	0.0	0.0	0.0	0.0	0.0
Long term borrowings	0.0	0.0	0.0	0.0	0.0
Short term borrowings	0.0	0.0	0.0	0.0	0.0
Trade payables	34.98	33.33	28.31	26.89	29.37
Other liabilities +	39.11	40.15	37.06	34.12	35.87
Other non-current liabilities	1.03	0.71	0.72	1.24	1.49
Other current liabilities	3.1	6.1	8.03	5.99	5.01
Total liabilities
Fixed Assets +	21.44	22.94	26.01	20.02	18.0
Tangible assets	21.24	17.74	25.18	19.84	17.53
CWIP	0.01	5.1	0.75	0.11	0.42
Intangible assets	0.18	0.1	0.07	0.07	0.05
LT loans and advances	0.45	0.0	0.0	0.0	0.0
Other non-current assets	1.32	2.32	1.47	2.5	4.65
Current assets +	76.8	74.74	72.52	77.48	77.36
Inventories	23.43	26.01	25.06	22.78	23.45
Trade receivables	27.75	28.55	34.66	32.67	36.47
Cash and cash equivalents	1.65	1.41	0.65	2.77	2.14
ST loans and advances	0.1	0.01	0.02	0.02	0.02
Other current assets	23.87	18.75	12.13	19.25	15.28
Total assets

	Mar 2015	Mar 2016	Mar 2017	Mar 2018
Equity Capital	1.2	1.2	1.2	1.2
Reserves	134.1	189.0	238.6	290.7
Borrowings +	130.0	72.3	31.8	9.1
Long term borrowings	48.6	51.1	12.0	-
Short term borrowings	81.4	21.2	19.8	9.1
Trade payables +	95.5	137.9	137.0	171.6
Days payable	99.0	136.0	126.0	138.0
Other liabilities +	19.8	32.1	68.0	43.6
Other non-current liabilities	7.4	8.3	9.7	12.0
Other current liabilities	12.4	23.8	58.3	31.6
Total liabilities	380.6	432.5	476.7	516.2
Fixed Assets +	120.5	122.7	130.7	147.0
Tangible assets	119.4	121.2	123.9	144.6
CWIP	0.4	0.2	5.5	0.7
Intangible assets	0.8	1.3	1.3	1.7
LT loans and advances	4.6	4.0	6.3	5.1
Other non-current assets	2.6	2.4	2.6	2.6
Current assets +	252.9	303.4	337.0	361.5
Inventories	113.9	132.6	134.5	144.5
Trade receivables	115.9	114.8	143.3	196.7
Cash and cash equivalents	4.1	41.7	36.5	13.5
ST loans and advances	16.8	12.5	15.0	5.6
Other current assets	2.3	1.8	7.7	1.2
Total assets	380.6	432.5	476.7	516.2

Percentage of assets	Mar 2015	Mar 2016	Mar 2017	Mar 2018
Equity Capital	0.31	0.28	0.25	0.23
Reserves	35.23	43.7	50.07	56.31
Borrowings +	34.15	16.71	6.67	1.76
Long term borrowings	12.76	11.82	2.52	0.0
Short term borrowings	21.4	4.89	4.15	1.76
Trade payables	25.1	31.89	28.75	33.25
Other liabilities +	30.3	39.31	43.01	41.69
Other non-current liabilities	1.95	1.92	2.04	2.32
Other current liabilities	3.25	5.5	12.22	6.12
Total liabilities
Fixed Assets +	31.66	28.37	27.42	28.48
Tangible assets	31.36	28.03	26.0	28.01
CWIP	0.09	0.05	1.15	0.13
Intangible assets	0.21	0.29	0.27	0.33
LT loans and advances	1.2	0.93	1.33	0.98
Other non-current assets	0.68	0.54	0.55	0.5
Current assets +	66.45	70.15	70.71	70.04
Inventories	29.92	30.65	28.22	28.0
Trade receivables	30.45	26.55	30.07	38.11
Cash and cash equivalents	1.07	9.65	7.66	2.61
ST loans and advances	4.4	2.89	3.15	1.08
Other current assets	0.62	0.41	1.61	0.23
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales +	751.5	1,210.7	1,587.5	2,046.3	2,518.7
Sales growth %	-25.41	61.11	31.13	28.9	23.08
Expenses +	680.5	1,091.7	1,387.4	1,670.5	2,014.6
Cost of goods	481.2	814.0	1,013.8	1,205.3	1,435.5
Employee cost	56.6	64.4	73.8	88.1	125.0
Other costs	120.1	186.8	265.2	334.4	400.6
Operating profit +	93.5	145.6	234.8	418.5	557.6
Operating margin %	12.4	12.0	14.8	20.4	22.1
Other income	17.9	26.6	28.4	53.1	37.3
Interest	1.7	2.4	2.5	4.9	8.4
Depreciation	20.8	24.2	32.0	37.8	45.1
Exceptional items	-	-	-	-	-
Profit before tax	88.9	145.6	228.6	428.8	541.4
Tax	23.1	36.9	58.3	108.6	137.8
Profit - disc. ops	-	-	-	-	-
Net profit	65.8	108.7	170.3	320.3	403.6
Net margin %	8.6	8.8	10.5	15.3	15.8

Precentage of total income	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	97.67	97.85	98.24	97.47	98.54
Expenses +	88.45	88.23	85.85	79.57	78.82
Cost of goods	62.54	65.78	62.74	57.41	56.16
Employee cost	7.36	5.2	4.57	4.19	4.89
Other costs	15.61	15.1	16.41	15.93	15.67
Operating profit	12.16	11.77	14.53	19.93	21.82
Other income	2.33	2.15	1.76	2.53	1.46
Interest	0.22	0.19	0.16	0.23	0.33
Depreciation	2.71	1.95	1.98	1.8	1.76
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	11.55	11.77	14.15	20.43	21.18
Tax	3.01	2.98	3.61	5.17	5.39
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	8.55	8.79	10.54	15.26	15.79

	Mar 2015	Mar 2016	Mar 2017	Mar 2018
Sales +	492.1	579.5	610.9	691.6
Sales growth %	None	17.76	5.43	13.21
Expenses +	469.1	498.0	539.0	612.7
Cost of goods	353.0	368.8	395.8	455.1
Employee cost	33.9	38.1	45.4	52.9
Other costs	60.6	73.6	83.0	89.0
Operating profit +	44.6	98.9	86.7	94.6
Operating margin %	9.1	17.1	14.2	13.7
Other income	1.5	3.0	4.0	3.0
Interest	12.9	6.5	3.1	3.6
Depreciation	8.7	10.9	11.6	12.1
Exceptional items	-	-	-	-
Profit before tax	24.4	84.5	75.9	81.7
Tax	8.5	29.6	26.2	29.7
Profit - disc. ops	-	-	-	-
Net profit	15.9	54.9	49.7	52.0
Net margin %	3.2	9.4	8.1	7.5

Precentage of total income	Mar 2015	Mar 2016	Mar 2017	Mar 2018
Sales	99.7	99.49	99.35	99.57
Expenses +	95.04	85.5	87.65	88.2
Cost of goods	71.52	63.32	64.37	65.51
Employee cost	6.87	6.55	7.38	7.62
Other costs	12.27	12.64	13.5	12.81
Operating profit	9.04	16.98	14.1	13.62
Other income	0.3	0.51	0.65	0.43
Interest	2.61	1.12	0.5	0.52
Depreciation	1.77	1.88	1.89	1.74
Exceptional items	0.0	0.0	0.0	0.0
Profit before tax	4.94	14.5	12.34	11.77
Tax	1.71	5.07	4.26	4.27
Profit - disc. ops	0.0	0.0	0.0	0.0
Net profit	3.23	9.43	8.07	7.49

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Solvency +
Total Debt/Equity	0.0	0.0	0.0	0.0	0.0
Net Debt/Equity	0.0	0.0	0.0	0.0	0.0
Total Debt/Assets	0.0	0.0	0.0	0.0	0.0
Total Assets/Equity	1.6	1.7	1.6	1.5	1.6
Liquidity +
Current Ratio	2.0	1.9	2.0	2.4	2.2
Quick Ratio	1.4	1.2	1.3	1.7	1.6
Interest Coverage	54.8	60.6	92.1	86.1	66.2
Performance
Gross Margin	36.0	32.8	36.1	41.1	43.0
Operating Margin	12.4	12.0	14.8	20.4	22.1
Net Margin	8.6	8.8	10.5	15.3	15.8
Return +
Return on Equity	12.7	17.4	21.4	28.8	30.1
Pre-tax ROCE	14.2	20.0	25.8	34.9	40.2
Return on Assets	7.8	10.4	13.5	18.9	19.3
Pre-tax ROIC	14.1	19.4	25.5	34.2	38.3
Efficiency +
Days Payable	225.0	156.0	129.0	138.0	156.0
Days Inventory	151.0	122.0	114.0	117.0	124.0
Days Receivable	114.0	90.0	101.0	98.0	110.0
Fixed Asset Turnover	4.1	5.0	4.8	6.0	6.7
Total Asset Turnover	0.9	1.2	1.3	1.2	1.2
Working Capital
Cash Conversion Cycle	40.0	56.0	86.0	77.0	78.0
Working Capital Days	159.0	111.0	105.0	134.0	130.0

	Mar 2015	Mar 2016	Mar 2017	Mar 2018
Solvency +
Total Debt/Equity	1.0	0.4	0.1	0.0
Net Debt/Equity	0.9	0.2	0.0	0.0
Total Debt/Assets	0.3	0.2	0.1	0.0
Total Assets/Equity	2.8	2.3	2.0	1.8
Liquidity +
Current Ratio	1.3	1.7	1.6	1.7
Quick Ratio	0.7	0.9	0.9	1.0
Interest Coverage	3.5	15.2	28.2	26.4
Performance
Gross Margin	28.3	36.4	35.2	34.2
Operating Margin	9.1	17.1	14.2	13.7
Net Margin	3.2	9.4	8.1	7.5
Return +
Return on Equity	11.8	28.9	20.7	17.8
Pre-tax ROCE	19.5	36.2	29.7	27.9
Return on Assets	4.2	12.7	10.4	10.1
Pre-tax ROIC	13.7	39.9	31.3	28.3
Efficiency +
Days Payable	99.0	136.0	126.0	138.0
Days Inventory	118.0	131.0	124.0	116.0
Days Receivable	86.0	72.0	86.0	104.0
Fixed Asset Turnover	4.1	4.7	4.7	4.7
Total Asset Turnover	1.3	1.3	1.3	1.3
Working Capital
Cash Conversion Cycle	105.0	67.0	84.0	82.0
Working Capital Days	47.0	76.0	73.0	79.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

MASHREQ BANK

No. of Loans: 1

Total Amount : 0.0 cr

Charge Holder	Amount	Date of creation/modification
MASHREQ BANK	0.0 cr	31 Mar, 1997

Charges

MASHREQ BANK

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
ETNA WESTERN ASIA PRIVATE LIMITED	Strike Off	1.0 Cr	2	Maharashtra
WESTERN COOLERS AND FREEZERS PRIVATE LIMITED	Active	1.0 L	2	Maharashtra
INDO-WESTERN REFRIGERATION PRIVATE LIMIT ED	Amalgamated	5.0 Cr	1	Maharashtra
WESTERN SUPERFRESH STORES PRIVATE LIMITED	Active	75.0 L	1	Maharashtra
WESTERN AIRCONDITIONING AND REFRIGERATION PRIVATE LIMITED	Active	24.6 Cr	2	Maharashtra
WESTERN FARM FRESH PRIVATE LIMITED	Active	4.8 Cr	2	Tamil Nadu
WESTERN REALTY SERVICES PRIVATE LIMITED	Active	1.0 L	1	Maharashtra

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
Western Coolers And Freezers Private Limited	India	-	-
WESTERN COOLERS AND FREEZERS PRIVATE LIMITED	India	-	-

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.

CIN

U29191DN1972PTC000456

Incorporation

1972, 54.2 years

Company Email

rashmisamal[at]westernequipments[dot]com

Paid up Capital

₹ 1.0 Cr

Authorised Capital

₹ 6.0 Cr

AGM

Aug 2025

Type

Private

Others

FAQ - WESTERN REFRIGERATION PRIVATE LIMITED

What is the incorporation date of WESTERN REFRIGERATION PRIVATE LIMITED?

The incorporation date of WESTERN REFRIGERATION PRIVATE LIMITED is 09 August, 1972

What is the authorized share capital of WESTERN REFRIGERATION PRIVATE LIMITED?

The authorized share capital of WESTERN REFRIGERATION PRIVATE LIMITED is INR ₹ 6.0 Cr.

What is the paid-up capital of WESTERN REFRIGERATION PRIVATE LIMITED?

The paid-up capital of WESTERN REFRIGERATION PRIVATE LIMITED is INR ₹ 1.0 Cr.

What is the registered address of WESTERN REFRIGERATION PRIVATE LIMITED?

The registered address of WESTERN REFRIGERATION PRIVATE LIMITED is Survey No. 174/1, Kanadi Road, Naroli Village, Silvasa, Union Territory of Dadra & Naga, r Haveli, Dadar & Nagar Haveli, Silvasa, Dadra & Nagar Haveli, India, 396235 - 396235

What is the CIN number of WESTERN REFRIGERATION PRIVATE LIMITED?

The CIN number of WESTERN REFRIGERATION PRIVATE LIMITED is U29191DN1972PTC000456.

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