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ICE MakeRefrigeratio share price

ICE Make Refrigeration Ltd.

NSE: ICEMAKE SECTOR: Electronics - Components  52k   139   14

855.45
+6.50 (0.77%)
NSE: Today, 11:34 AM

Price Summary

Today's High

₹ 879.45

Today's Low

₹ 831.1

52 Week High

₹ 959.95

52 Week Low

₹ 434.05

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

1349.88 Cr.

Enterprise Value

1341.89 Cr.

No. of Shares

1.58 Cr.

P/E

54.22

P/B

12.02

Face Value

₹ 10

Div. Yield

0.23 %

Book Value (TTM)

₹  71.17

CASH

9.45 Cr.

DEBT

1.46 Cr.

Promoter Holding

74.49 %

EPS (TTM)

₹  15.78

Sales Growth

51.22%

ROE

28.05 %

ROCE

37.21%

Profit Growth

159.88 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year51.22%
3 Year30.59%
5 Year24.54%

Profit Growth

1 Year159.88%
3 Year44.61%
5 Year25.98%

ROE%

1 Year28.05%
3 Year16.33%
5 Year15.63%

ROCE %

1 Year37.21%
3 Year22.45%
5 Year21.67%

Debt/Equity

0.0172

Price to Cash Flow

60.53

Interest Cover Ratio

25.7936452513966

CFO/PAT (5 Yr. Avg.)

1.01960491088582

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 74.49 4.15
Jun 2024 74.49 0.00
Mar 2024 74.49 0.00
Dec 2023 74.49 0.00
Sep 2023 74.49 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 46.6917908880037% for the Past 3 years.
  • The company has shown a good revenue growth of 30.5915599310253% for the Past 3 years.
  • The company has significantly decreased its debt by 5.572 Cr.
  • Company has been maintaining healthy ROCE of 22.4534041151988% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 25.7936452513966.
  • Company’s PEG ratio is 0.34190203812323.
  • The company has an efficient Cash Conversion Cycle of 40.3671724228845 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.01960491088582.
  • The company has a high promoter holding of 74.49%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 3.85298855400465.

 Limitations

  • Promoter pledging has increased from 0% to 4.15% in 1 quarter.
  • The company is trading at a high EV/EBITDA of 35.1768.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
Net Sales 77.25 75.72 81.56 135.07 83.17
Total Expenditure 69.02 68.26 77.27 114.82 77.09
Operating Profit 8.23 7.47 4.28 20.24 6.09
Other Income 0.24 0.21 0.2 0.32 0.22
Interest 0.22 0.68 0.6 0.36 0.41
Depreciation 0.82 0.85 0.9 0.94 0.83
Exceptional Items 0 0 0 0 0
Profit Before Tax 7.44 6.15 2.98 19.27 5.07
Tax 1.87 1.56 0.76 5.04 1.21
Profit After Tax 5.58 4.59 2.22 14.23 3.86
Adjusted EPS (Rs) 3.53 2.91 1.4 9.02 2.44

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 129.18 135.91 131.45 200.17 302.69
Total Expenditure 115.41 121.8 120.94 185.73 271.38
Operating Profit 13.77 14.11 10.51 14.44 31.31
Other Income 0.4 0.81 1.17 1.03 1.55
Interest 0.92 1.9 1.66 1.57 1.15
Depreciation 2.24 3.95 3.55 3.01 3.31
Exceptional Items 0 0 0 0 0
Profit Before Tax 11.01 9.06 6.48 10.88 28.4
Tax 3.18 2.39 1.98 2.78 7.35
Net Profit 7.83 6.96 4.49 8.1 21.05
Adjusted EPS (Rs.) 5 4.26 2.87 5.16 13.34

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 15.67 15.67 15.67 15.7 15.78
Total Reserves 34.77 39.57 43.51 49.62 69.23
Borrowings 0.06 2.32 1.82 1.4 1.03
Other N/C liabilities -0.25 0.81 1.39 2.03 2.5
Current liabilities 30.6 43.25 44.53 54.26 69.54
Total Liabilities 80.85 101.63 106.92 123.01 158.08
Assets
Net Block 19.95 25.8 26.17 29.29 29.82
Capital WIP 0 0 0.97 0 0.14
Intangible WIP 0 0 0 0 0
Investments 3.36 3.36 3.36 3.36 3.36
Loans & Advances 3.5 7.19 6.59 5.75 5.11
Other N/C Assets 0 0.12 0.03 0.19 0.33
Current Assets 54.04 65.15 69.79 84.42 119.32
Total Assets 80.85 101.63 106.92 123.01 158.08
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 11.01 9.06 6.48 10.88 28.4
Adjustment 2.78 5.69 5.28 4.12 4.27
Changes in Assets & Liabilities -3.39 -12.85 2.37 -3.9 -3.68
Tax Paid -3.83 -2.41 -2.09 -2.41 -6.7
Operating Cash Flow 6.57 -0.5 12.03 8.69 22.3
Investing Cash Flow -10.43 -6.82 -3.5 -5.27 -13.14
Financing Cash Flow -8.6 5.93 -8.73 -3.36 -8.43
Net Cash Flow -12.46 -1.39 -0.2 0.06 0.73

Corporate Actions

Investors Details

PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
promoters 74.49 74.49 74.49 74.49 74.49
chandrakant popatbhai pat... 23.08 23.08 23.08 23.08 23.08
gauriben popatbhai patel 0.51 0.51 0.51 0.51 0.51
ishwarbhai laljibhai pate... 0.61 0.61 0.61 0.61 0.61
jyotsnaben rajendrabhai p... - - - 0.46 0.46
kantaben ishwarlal patel 0.51 0.51 0.51 0.51 0.51
kapilaben vipulbhai patel... 0.47 0.47 0.47 0.47 0.47
manishaben bhailal patel 0.13 0.13 0.13 0.13 0.13
patel rajendrabhai p 23.47 23.47 23.47 23.47 23.47
popatbhai laljibhai patel... 1.63 1.63 1.63 1.63 1.63
ramilaben chandrakantbhai... 0.47 0.47 0.47 0.47 0.47
vipulbhai ishwarbhai pate... 23.16 23.16 23.16 23.16 23.16
jyotsnaben rajednrabhai p... 0.46 0.46 0.46 - -
PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
investors 25.51 25.51 25.51 25.51 25.51
alpesh bhaichandbhai soni... 1.39 1.39 1.39 1.27 1.18
llp 0.05 0.03 0.06 0.06 0.11
zaki abbas nasser 2.03 1.55 1.17 1.11 1.05

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

ICE MakeRefrigeratio - Quaterly Results8 Aug 2024, 12:00PM ICE MakeRefrigeratio - Quaterly Results8 Aug 2024, 12:00PM ICE MakeRefrigeratio - Quaterly Results8 Aug 2024, 12:00PM ICE MakeRefrigeratio - Quaterly Results29 May 2024, 1:24PM ICE MakeRefrigeratio - Quaterly Results10 Feb 2024, 12:00PM ICE MakeRefrigeratio - Quaterly Results10 Feb 2024, 12:00PM ICE MakeRefrigeratio - Quaterly Results10 Feb 2024, 12:00PM ICE MakeRefrigeratio - Quaterly Results8 Nov 2023, 12:00PM Ice Make Refrigeration acquires land in Tamilnadu29 Aug 2023, 3:27PM ICE MakeRefrigeratio - Quaterly Results12 Aug 2023, 12:00PM ICE MakeRefrigeratio - Quaterly Results12 Aug 2023, 12:00PM Ice Make Refrigeration bags order worth Rs 65.48 crore17 Jul 2023, 3:15PM ICE MakeRefrigeratio - Quaterly Results30 May 2023, 12:00PM ICE MakeRefrigeratio - Quaterly Results30 May 2023, 12:00PM ICE MakeRefrigeratio - Quaterly Results11 Feb 2023, 12:00PM ICE MakeRefrigeratio - Quaterly Results11 Feb 2023, 12:00PM ICE MakeRefrigeratio - Quaterly Results11 Feb 2023, 12:00PM Ice Make Refrigeration incorporates subsidiary company 29 Dec 2022, 5:44PM Ice Make Refrigeration to invest around Rs 45 to 50 crore in refrigeration continuous penal business23 Sep 2022, 12:24PM ICE MakeRefrigeratio - Quaterly Results12 Aug 2022, 12:00PM ICE MakeRefrigeratio - Quaterly Results12 Aug 2022, 12:00PM ICE MakeRefrigeratio - Quaterly Results12 Aug 2022, 12:00PM ICE MakeRefrigeratio - Quaterly Results24 May 2022, 12:00PM ICE MakeRefrigeratio - Quaterly Results24 May 2022, 12:00PM Ice Make Refrigeration expands manufacturing facility of Transport Refrigeration division18 Feb 2022, 10:45AM ICE MakeRefrigeratio - Quaterly Results12 Feb 2022, 12:00PM ICE MakeRefrigeratio - Quaterly Results12 Feb 2022, 12:00PM Ice Make Refrigeration bags order of Ammonia refrigeration project11 Jun 2021, 11:42AM

ICE MakeRefrigeratio Stock Price Analysis and Quick Research Report. Is ICE MakeRefrigeratio an attractive stock to invest in?

Stock investing requires careful analysis of financial data to determine a company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement, which can be time-consuming and cumbersome.

Examining a company's financial ratios is an easier way to determine its performance, which can help to make sense of the overwhelming amount of information in its financial statements. 

ICE MakeRefrigeratio stock price today is Rs 859.15. Here are a few indispensable ratios that should be a part of every investor’s research process, or, in simpler words, how to analyse ICE MakeRefrigeratio . 

  • PE ratio: Price to Earnings ratio, which indicates how much an investor is willing to pay for a share for every rupee of earnings. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). ICE MakeRefrigeratio has a PE ratio of 54.4551631468195 which is high and comparatively overvalued .

  • Share Price: - The current share price of ICE MakeRefrigeratio is Rs 859.15. One can use valuation calculators of ticker to know if ICE MakeRefrigeratio share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. ICE MakeRefrigeratio has ROA of 14.9774679825493 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. ICE MakeRefrigeratio has a Current ratio of 1.71590614951884 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders' investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. ICE MakeRefrigeratio has a ROE of 28.0456698085367 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. ICE MakeRefrigeratio has a Debt to Equity ratio of 0.0172 which means that the company has low proportion of debt in its capital.

  • Sales growth: - ICE MakeRefrigeratio has reported revenue growth of 51.2179573965951 % which is fair in relation to its growth and performance. 

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of ICE MakeRefrigeratio for the current financial year is 10.3450873273721 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for ICE MakeRefrigeratio is Rs 1.8 and the yield is 0.2323 %.

  • Earnings Per Share: - It tells us how much profit is allocated to to each outstanding share of a common stock. The latest EPS of ICE MakeRefrigeratio is Rs 15.7772 . The higher the EPS, the better it is for investors. 

One can find all the Financial Ratios of ICE MakeRefrigeratio in Ticker for free. Also, one can get the intrinsic value of ICE MakeRefrigeratio by using Valuation Calculators, which are available with a Finology ONE subscription. 

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Brief about ICE MakeRefrigeratio
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