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ICEMAKE IS​

Ice Make Refrigeration Limited(ICEMAKE IS)

$625.65-7.051.11%(Market Closed · 09:59:56 UTC · (15 min delay))

Overview

Profile

Financials & Metrics

FinancialsChartingEmployees

Ice Make Refrigeration Limited — Company Profile

Ice Make Refrigeration Limited (ICEMAKE.NS), an Indian firm headquartered in Gandhinagar, designs, manufactures, and supplies a comprehensive range of refrigeration products and cooling equipment. Their extensive portfolio encompasses solutions for cold rooms and dedicated storage, commercial and industrial applications, transport refrigeration, and ammonia-based cooling systems. The company provides tailor-made temperature control solutions to a diverse clientele across numerous sectors. These include the hospitality, food processing (e.g., frozen goods, dairy, ice cream, bakery, beverages, mineral water), healthcare (medicare, pharmaceuticals), agriculture (horticulture), retail, and various manufacturing industries (plastic, chemical). Established in 1989, Ice Make Refrigeration also engages in the export of its products.

Sector
Industrials
Industry
Industrial - Machinery
Exchange
IS
CEO
Srinivas Reddy
Headquarters
Gandhinagar, GU, IN
IPO Date
Dec 8, 2017
Employees
300
Website
www.icemakeindia.com

Key Metrics

Price
$624.50
Market Cap
$9.85B
Revenue (TTM)
$6.68B
Net Income (TTM)
$121.91M
EPS (TTM)
7.73
P/E (TTM)
80.84
P/B (TTM)
7.41
Dividend Yield
29.60%
ROE (TTM)
9.17%
ROA (TTM)
2.42%
Operating Margin
4.23%
Beta
0.23

Dividends

Last Dividend
$2.25
Last Yield
0.30%

Summary

Ice Make Refrigeration Limited (ICEMAKE.NS), an Indian firm headquartered in Gandhinagar, designs, manufactures, and supplies a comprehensive range of refrigeration products and cooling equipment. Their extensive portfolio encompasses solutions for cold rooms and dedicated storage, commercial and industrial applications, transport refrigeration, and ammonia-based cooling systems. The company provides tailor-made temperature control solutions to a diverse clientele across numerous sectors. These include the hospitality, food processing (e.g., frozen goods, dairy, ice cream, bakery, beverages, mineral water), healthcare (medicare, pharmaceuticals), agriculture (horticulture), retail, and various manufacturing industries (plastic, chemical). Established in 1989, Ice Make Refrigeration also engages in the export of its products.

Website
www.icemakeindia.com
Location
Gandhinagar, GU, IN
Phone91 98 7910 7881
Employees300
CEOSrinivas Reddy
Sector
Industrials
IndustryIndustrial - Machinery
IPO DateDec 8, 2017

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Key Stats

Trading

Px/Chg 1D$624.50 / +0.14%
Prev Close$742.55
% of 52Wk H81.45%
Avg Volume46.31K
Beta0.23
Mkt Cap9.85B
FD Mkt Cap11.82B

Float

Shrs Out/Float15.78M / 3.68M
Short Float0.00%
Days to Cover0.00
Stock Repurchased$0.00

Current Valuation

EV11.36B
EV/EBITDA24.95
EV/Sales1.70
P/B7.41
P/S1.47
FCF Yield-6.36%
ROE9.17%
ROA2.42%
Current Ratio1.17

Dividend

Cash$2.25
Yield29.60%
Yield (TTM)29.60%

Estimates

P/E80.84
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgJun '22Jun '23Jun '24Jun '25Oct '26
PRICE-BASED RATIOS
Price / Earnings61.6924.8930.1051.48104.5297.45
Price / Sales3.420.882.013.576.783.85
Price / Book Value8.182.957.7212.979.877.41
Price / Free Cash Flow-0.4842.5930.43-59.680.00-15.72
ENTERPRISE VALUE METRICS
Enterprise Value9,282.11,927.46,296.413,735.913,088.011,362.8
Enterprise Value / Sales3.660.942.023.637.264.44
Enterprise Value / EBITDA35.7113.0118.9533.5659.9053.13
Enterprise Value / EBIT43.4517.2521.4737.2774.0067.26

Financials

Full Financials
Millions INR5Yr CAGR (%)Mar '22Mar '23Mar '24Mar '25Mar '26
INCOME STATEMENT
Revenue34.2%2,061.03,122.13,782.54,795.26,682.0
Gross Income25%575.5920.61,181.71,463.91,405.6
EBITDA32.3%148.1332.3409.3434.4453.2
EBIT26.1%111.7293.3368.6351.4282.6
Net Income13.6%73.2208.0262.5231.1121.9
EPS (Diluted)13.5%4.6513.1916.6414.657.73
BALANCE SHEET
Cash & ST Inv117%4.959.350.864.8109.2
Total Assets41.7%1,250.51,590.22,113.83,677.25,036.0
Total Liabilities55.5%633.6779.01,073.02,440.23,702.9
Total Shareholder Equity21.2%616.8811.31,041.91,240.31,329.9
CASH FLOW
Net Operating Cash Flow—83.1243.5103.8299.7-227.5
Cap Ex77.4%-40.3-37.7-330.3-823.3-399.2
Free Cash Flow—42.8205.7-226.5-523.5-626.7

Enterprise Value Bridge

Millions INR23 Oct '26
Price (As of 23 Oct '26)625.65
Basic Shares15.78
Market Cap9,872.6
Diluted Shares15.77
Fully Diluted Shares Outstanding15.77
Fully Diluted Market Cap9,867.1
+Consolidated Debt1,584.1
−In-the-Money Convertible Debt—
+Capital Leases75.2
+Operating Leases—
−Cash & Equivalents-71.8
−Short-term Investments-91.5
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-3.8
+Pension Liabilities—
Enterprise Value11,381.0

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