Ice Make Refrigeration Limited (NSE:ICEMAKE)

Ice Make Refrigeration Statistics

Total Valuation

NSE:ICEMAKE has a market cap or net worth of INR 11.13 billion. The enterprise value is 12.74 billion.

Market Cap	11.13B
Enterprise Value	12.74B

Important Dates

The last earnings date was Friday, November 14, 2025.

Earnings Date	Nov 14, 2025
Ex-Dividend Date	Sep 19, 2025

Share Statistics

NSE:ICEMAKE has 15.78 million shares outstanding. The number of shares has increased by 0.62% in one year.

Current Share Class	15.78M
Shares Outstanding	15.78M
Shares Change (YoY)	+0.62%
Shares Change (QoQ)	+0.19%
Owned by Insiders (%)	69.73%
Owned by Institutions (%)	0.01%
Float	4.78M

Valuation Ratios

The trailing PE ratio is 73.60.

PE Ratio	73.60
Forward PE	n/a
PS Ratio	2.02
PB Ratio	9.21
P/TBV Ratio	9.32
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 30.29, with an EV/FCF ratio of -17.40.

EV / Earnings	83.91
EV / Sales	2.32
EV / EBITDA	30.29
EV / EBIT	46.25
EV / FCF	-17.40

Financial Position

The company has a current ratio of 1.18, with a Debt / Equity ratio of 1.40.

Current Ratio	1.18
Quick Ratio	0.56
Debt / Equity	1.40
Debt / EBITDA	4.01
Debt / FCF	-2.30
Interest Coverage	3.56

Financial Efficiency

Return on equity (ROE) is 13.06% and return on invested capital (ROIC) is 7.17%.

Return on Equity (ROE)	13.06%
Return on Assets (ROA)	4.84%
Return on Invested Capital (ROIC)	7.17%
Return on Capital Employed (ROCE)	13.91%
Revenue Per Employee	12.73M
Profits Per Employee	351,410
Employee Count	432
Asset Turnover	1.55
Inventory Turnover	4.21

Taxes

In the past 12 months, NSE:ICEMAKE has paid 55.58 million in taxes.

Income Tax	55.58M
Effective Tax Rate	27.00%

Stock Price Statistics

The stock price has decreased by -9.56% in the last 52 weeks. The beta is -0.70, so NSE:ICEMAKE's price volatility has been lower than the market average.

Beta (5Y)	-0.70
52-Week Price Change	-9.56%
50-Day Moving Average	722.45
200-Day Moving Average	782.92
Relative Strength Index (RSI)	50.65
Average Volume (20 Days)	13,747

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, NSE:ICEMAKE had revenue of INR 5.50 billion and earned 151.81 million in profits. Earnings per share was 9.58.

Revenue	5.50B
Gross Profit	1.65B
Operating Income	275.42M
Pretax Income	205.84M
Net Income	151.81M
EBITDA	414.04M
EBIT	275.42M
Earnings Per Share (EPS)	9.58

Balance Sheet

The company has 70.96 million in cash and 1.69 billion in debt, giving a net cash position of -1.62 billion or -102.42 per share.

Cash & Cash Equivalents	70.96M
Total Debt	1.69B
Net Cash	-1.62B
Net Cash Per Share	-102.42
Equity (Book Value)	1.21B
Book Value Per Share	76.50
Working Capital	418.55M

Cash Flow

In the last 12 months, operating cash flow was -108.01 million and capital expenditures -624.07 million, giving a free cash flow of -732.08 million.

Operating Cash Flow	-108.01M
Capital Expenditures	-624.07M
Free Cash Flow	-732.08M
FCF Per Share	-46.39

Margins

Gross margin is 30.07%, with operating and profit margins of 5.01% and 2.76%.

Gross Margin	30.07%
Operating Margin	5.01%
Pretax Margin	3.74%
Profit Margin	2.76%
EBITDA Margin	7.53%
EBIT Margin	5.01%
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of 2.25, which amounts to a dividend yield of 0.32%.

Dividend Per Share	2.25
Dividend Yield	0.32%
Dividend Growth (YoY)	12.50%
Years of Dividend Growth	2
Payout Ratio	20.79%
Buyback Yield	-0.62%
Shareholder Yield	-0.29%
Earnings Yield	1.36%
FCF Yield	-6.58%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

Altman Z-Score	n/a
Piotroski F-Score	2