Ice Make Refrigeration Limited (NSE:ICEMAKE)

Ice Make Refrigeration Statistics

Total Valuation

NSE:ICEMAKE has a market cap or net worth of INR 13.02 billion. The enterprise value is 14.63 billion.

Market Cap	13.02B
Enterprise Value	14.63B

Important Dates

The last earnings date was Friday, February 6, 2026.

Earnings Date	Feb 6, 2026
Ex-Dividend Date	Sep 19, 2025

Share Statistics

NSE:ICEMAKE has 15.78 million shares outstanding. The number of shares has increased by 0.44% in one year.

Current Share Class	15.78M
Shares Outstanding	15.78M
Shares Change (YoY)	+0.44%
Shares Change (QoQ)	+0.10%
Owned by Insiders (%)	71.35%
Owned by Institutions (%)	0.01%
Float	4.52M

Valuation Ratios

The trailing PE ratio is 94.31.

PE Ratio	94.31
Forward PE	n/a
PS Ratio	2.20
PB Ratio	10.78
P/TBV Ratio	10.90
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	106.12
EV / Sales	2.47
EV / EBITDA	36.53
EV / EBIT	51.07
EV / FCF	n/a

Financial Position

Current Ratio	n/a
Quick Ratio	n/a
Debt / Equity	1.40
Debt / EBITDA	4.21
Debt / FCF	n/a
Interest Coverage	2.74

Financial Efficiency

Return on Equity (ROE)	n/a
Return on Assets (ROA)	n/a
Return on Invested Capital (ROIC)	7.34%
Return on Capital Employed (ROCE)	n/a
Weighted Average Cost of Capital (WACC)	0.53%
Revenue Per Employee	13.72M
Profits Per Employee	319,109
Employee Count	432
Asset Turnover	n/a
Inventory Turnover	n/a

Taxes

In the past 12 months, NSE:ICEMAKE has paid 52.24 million in taxes.

Income Tax	52.24M
Effective Tax Rate	27.65%

Stock Price Statistics

The stock price has increased by +37.03% in the last 52 weeks. The beta is -0.77, so NSE:ICEMAKE's price volatility has been lower than the market average.

Beta (5Y)	-0.77
52-Week Price Change	+37.03%
50-Day Moving Average	771.19
200-Day Moving Average	761.25
Relative Strength Index (RSI)	62.83
Average Volume (20 Days)	44,353

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 5.93 billion and earned 137.86 million in profits. Earnings per share was 8.75.

Revenue	5.93B
Gross Profit	1.77B
Operating Income	286.45M
Pretax Income	188.93M
Net Income	137.86M
EBITDA	393.99M
EBIT	286.45M
Earnings Per Share (EPS)	8.75

Balance Sheet

The company has 70.96 million in cash and 1.69 billion in debt, with 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	n/a

Cash Flow

Operating Cash Flow	n/a
Capital Expenditures	n/a
Free Cash Flow	n/a
FCF Per Share	n/a

Margins

Gross margin is 29.92%, with operating and profit margins of 4.83% and 2.33%.

Gross Margin	29.92%
Operating Margin	4.83%
Pretax Margin	3.19%
Profit Margin	2.33%
EBITDA Margin	6.65%
EBIT Margin	4.83%
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of 2.25, which amounts to a dividend yield of 0.27%.

Dividend Per Share	2.25
Dividend Yield	0.27%
Dividend Growth (YoY)	12.50%
Years of Dividend Growth	3
Payout Ratio	n/a
Buyback Yield	-0.44%
Shareholder Yield	-0.17%
Earnings Yield	1.06%
FCF Yield	n/a

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	1