Is ICE Make Refrigeration a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that ICE Make Refrigeration Ltd is a good quality company .

Is ICE Make Refrigeration undervalued or overvalued?

The key valuation ratios of ICE Make Refrigeration Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is ICE Make Refrigeration share price return in the past 10 years?

Data is not available for this company

Is ICE Make Refrigeration a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of ICE Make Refrigeration Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of ICE Make Refrigeration?

The latest standalone P/E ratio of ICE Make Refrigeration as of 01-Jan-1970 is 48.92.

What is the P/B ratio of ICE Make Refrigeration?

The latest standalone P/B ratio of ICE Make Refrigeration as of 01-Jan-1970 is 10.52.

ICE Make Refrigeration Ltd - Stock Valuation and Financial Performance

Name: ICE Make Refrigeration
Brand: ICE Make Refrigeration

BSE: 0 | NSE: ICEMAKE | Electronics - Components | Small Cap

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BSE Share Price
Not Listed

10 Year X-Ray of ICE MakeRefrigeratio:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	14%	24.3%	31.4%	27.8%	22.8%	18.2%	12.2%	18%	37.2%	34.7%	-
Value Creation Index ⓘ	0	0.7	1.2	1.0	0.6	0.3	-0.1	0.3	1.7	1.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	50.5	71.7	87.5	101	129	136	131	200	303	370	401
Sales YoY Gr.	-	42%	22.1%	15.5%	27.8%	5.2%	-3.3%	52.3%	51.2%	22.1%	-
Adj EPS ⓘ	0.8	0.5	4.4	4.3	5	4.3	2.9	5.8	13.3	16.8	16
YoY Gr.	-	-43.9%	852.2%	-3%	18.4%	-15.3%	-32.2%	101.7%	128.5%	26.4%	-
BVPS (₹) ⓘ	6.7	14.4	13.5	28.5	32.2	35.1	37.6	41.5	53.9	68.7	74.3
Adj Net Profit ⓘ	0.9	2.7	5	6.7	7.9	6.7	4.5	9.2	21	26.6	25
Cash Flow from Ops. ⓘ	4.6	0.6	7.5	-0.5	6.6	-0.5	12	8.7	22.3	9.9	-
Debt/CF from Ops. ⓘ	2.8	25.8	2	-16.5	0.3	-25.2	0.6	0.8	0.1	2.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	24.8%	23.4%	41.1%	22.1%
Adj EPS ⓘ	39.9%	27.3%	80%	26.4%
BVPSⓘ	29.5%	16.4%	22.3%	27.6%
Share Price	-	70.6%	119.3%	24.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	12.9	29.4	38.8	22.1	16.6	12.6	7.9	14.7	28	27.5	22.3
Op. Profit Mgn % ⓘ	7.9	9.7	11.4	12.3	10.7	10.4	8	8.1	10.4	10.9	9.7
Net Profit Mgn % ⓘ	1.9	3.7	5.8	6.6	6.1	4.9	3.5	4.6	6.9	7.2	6.3
Debt to Equity ⓘ	1.7	1.4	1	0.2	0	0.2	0.1	0.1	0	0.2	0.4
Working Cap Days ⓘ	124	104	117	126	121	167	203	149	120	124	59
Cash Conv. Cycle ⓘ	51	43	41	42	48	81	101	70	53	53	19

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 41.14%

Net Profit is growing at healthy rate in last 3 years 79.95%

Sales growth is good in last 4 quarters at 23.02%

Return on Equity has declined versus last 3 years average to 22.30%

Latest Financials - ICE Make Refrigeration Ltd.

	Standalone	Consolidated
TTM EPS (₹)	16	15.8
TTM Sales (₹ Cr.)	401	411
BVPS (₹.) ⓘ	74.3	71.4
Reserves (₹ Cr.) ⓘ	101	97
P/BV ⓘ	10.52	10.94
PE ⓘ	48.92	49.48

From the Market
52 Week Low / High (₹)	0.00 / 0.00
All Time Low / High (₹)	- / -
Market Cap (₹ Cr.)	1,232
Equity (₹ Cr.)	15.8
Face Value (₹)	10
Industry PE ⓘ	213.6

Management X-Ray of ICE MakeRefrigeratio:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

4.15

* Pledged shares as % of Promoter's holding (%)

Valuation of ICE MakeRefrigeratio

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of ICE MakeRefrigeratio

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	50	72	88	101	129	136	131	200	303	370
Operating Expenses ⓘ	47	65	78	89	115	122	121	186	271	329
Manufacturing Costs	4	6	7	7	10	13	13	18	28	36
Material Costs	36	49	56	67	87	88	90	145	215	257
Employee Cost	3	4	6	7	9	10	10	11	13	17
Other Costs ⓘ	4	6	9	7	9	10	8	11	15	20
Operating Profit ⓘ	4	7	10	12	14	14	11	14	31	40
Operating Profit Margin (%)	7.8%	9.6%	11.3%	12.2%	10.7%	10.4%	8.0%	7.2%	10.3%	10.9%
Other Income ⓘ	0	0	0	1	0	1	1	1	2	1
Interest ⓘ	1	2	1	2	1	2	2	2	1	2
Depreciation ⓘ	1	2	2	1	2	4	4	3	3	4
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	1	4	7	10	11	9	6	11	28	36
Tax ⓘ	0	1	2	3	3	2	2	3	7	9
Profit After Tax	1	3	5	7	8	7	4	8	21	27
PAT Margin (%)	1.9%	3.7%	5.7%	6.6%	6.1%	4.9%	3.4%	4.0%	7.0%	7.2%
Adjusted EPS (₹)	0.8	0.5	4.4	4.2	5.0	4.3	2.9	5.2	13.3	16.9
Dividend Payout Ratio (%)	0%	0%	0%	24%	24%	28%	42%	23%	13%	12%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	8	10	16	45	50	55	59	65	85	108
Share Capital ⓘ	1	7	7	16	16	16	16	16	16	16
Reserves ⓘ	6	3	8	29	35	39	43	49	69	93
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	12	13	14	8	2	12	6	7	1	21
Long Term Debt	6	5	6	0	0	2	2	1	1	21
Short Term Debt	6	8	9	8	2	10	5	5	0	0
Trade Payables	9	9	16	17	20	21	25	32	49	52
Others Liabilities ⓘ	5	5	9	9	8	13	17	20	23	28
Total Liabilities ⓘ	33	39	55	78	81	102	107	123	158	209
Fixed Assets
Gross Block	13	15	16	19	31	40	43	49	52	72
Accumulated Depreciation	4	6	8	9	11	14	17	20	23	26
Net Fixed Assetsⓘ	9	9	9	10	20	26	26	29	30	46
CWIP ⓘ	0	0	0	1	0	0	1	0	0	12
Investmentsⓘ	0	0	2	3	3	3	3	3	8	3
Inventories	9	10	16	22	26	32	35	44	47	53
Trade Receivables	8	14	16	21	21	27	27	34	55	68
Cash Equivalents	5	4	7	16	4	2	1	2	9	8
Others Assetsⓘ	2	2	5	4	8	11	13	10	9	18
Total Assets ⓘ	33	39	55	78	81	102	107	123	158	209

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	5	1	8	0	7	-1	12	9	22	10
PBT ⓘ	1	4	5	10	11	9	6	11	28	36
Adjustment ⓘ	2	2	3	3	3	6	5	4	4	4
Changes in Working Capital ⓘ	2	-4	1	-10	-3	-13	2	-4	-4	-21
Tax Paid ⓘ	0	-1	-2	-3	-4	-2	-2	-2	-7	-9
Cash Flow From Investing Activity ⓘ	-2	-2	-4	-4	-10	-7	-4	-5	-13	-22
Capex	-2	-1	-2	-4	-11	-7	-5	-4	-4	-32
Net Investments	0	0	-2	0	0	1	0	-1	-12	9
Others ⓘ	0	0	0	0	0	0	1	0	2	0
Cash Flow From Financing Activityⓘ	1	0	0	14	-9	6	-9	-3	-8	16
Net Proceeds from Shares ⓘ	0	0	0	24	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	1	0	0	-6	0	0	0	0	0	0
Interest Paid ⓘ	-1	-2	-1	-2	-1	-2	-2	-2	-1	-2
Dividend Paid ⓘ	0	0	0	0	-2	-2	-1	-2	-2	-3
Others ⓘ	0	2	1	-2	-6	10	-7	0	-6	21
Net Cash Flow ⓘ	3	-1	3	10	-12	-1	0	0	1	4

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	12.85	29.18	38.64	22.04	16.48	12.65	7.89	13.06	28.05	27.52
ROCE (%)	14.02	24.31	31.37	27.75	22.76	18.2	12.15	18	37.21	34.66
Asset Turnover Ratio	1.79	2.19	2.07	1.81	1.92	1.49	1.26	1.74	2.15	2.01
PAT to CFO Conversion(x)	5	0.33	1.6	0	0.88	-0.14	3	1.13	1.05	0.37
Working Capital Days
Receivable Days	55	51	55	55	50	65	76	56	54	61
Inventory Days	60	45	49	58	57	78	93	72	55	49
Payable Days	82	68	84	91	78	85	94	71	68	72

ICE Make Refrigeration Ltd Stock News

ICE Make Refrigeration Ltd FAQs

What is the share price of ICE MakeRefrigeratio?

Company share prices are keep on changing according to the market conditions. The closing price of ICE MakeRefrigeratio on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of ICE MakeRefrigeratio?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of ICE MakeRefrigeratio stood at ₹1,232.4.