The revenue from operation has increased around 7% year on year (y-o-y) in the last 6 years. The demand of commercial refrigerator is increasing at a rate of 4.4% (y-o-y) because of the increase in demand of frozen foods and beverages in the market. There has been a marked improvement in the consumer demand for processed foods. The Indian government has also announced the intent of establishing several mega food parks. This augurs well for the development of the cold chain industry in the country. E-marketing industry/ delivery of packaged food are on the rise post Covid-19. The consumption of ready-to-eat products, beverages, and frozen food has increased considerably worldwide in the recent years, which is further boosting the demand for commercial refrigeration equipment.

The compounded growth in income in the last 6 years is around 21.8% year on year (y-o-y) but net income increased around 47% y-o-y in last financial year because of the spike in demand of industrial refrigerators backed up by rise in E-marketing industry/ delivery of packaged food post Covid-19. The changed food consumption trend is being supported by rapid expansion of supermarkets, hypermarkets, and food and restaurant delivery chains around the world. The increased number of such stores has also forced small grocery retailers and unorganized restaurants to upgrade their infrastructure, with improved electronic appliances including commercial refrigeration equipment. Frick India has been providing refrigeration solution to almost all the vital industries, related to Food and Agriculture, Dairy Production, Meat, Fisheries and Livestock, Beverages and Breweries.

The share capital of the company is stable since last 6 years but the reserve and surplus of the company has increased y-o-y because of which the total equity of the company has increased and shown its effect in the book value of the company.

The EBIDTA  of the company has increased primarily due to increase in the efficiency of the company on generating revenue with lower cost per unit of revenue backed up by the economies of scale in their production process. 

The increase in assets is primarily influenced by increase in fixed deposit with Banks including accrued interest under cash and cash equivalents. It primarily includes deposits pledged with bank to the extent of Rs.51,90 Cr. (In FY 20, Rs.11.39 Cr.) against overdraft & margin money for guarantees issued.