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ICE MakeRefrigeratio share price

ICE Make Refrigeration Ltd.

NSE: ICEMAKE SECTOR: Electronics - Components  38k   118   7

515.45
-6.50 (-1.25%)
NSE: Today, 04:02 PM

Price Summary

Today's High

₹ 524

Today's Low

₹ 512.7

52 Week High

₹ 747.45

52 Week Low

₹ 316.95

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

813.37 Cr.

Enterprise Value

805.38 Cr.

No. of Shares

1.58 Cr.

P/E

38.71

P/B

8.35

Face Value

₹ 10

Div. Yield

0.35 %

Book Value (TTM)

₹  61.72

CASH

9.45 Cr.

DEBT

1.46 Cr.

Promoter Holding

74.49 %

EPS (TTM)

₹  13.32

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

Track the companies of Group.

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

36.47

Interest Cover Ratio

25.7936452513966

CFO/PAT (5 Yr. Avg.)

1.01960491088582

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 74.49 0
Dec 2023 74.49 0
Sep 2023 74.49 0
Jun 2023 74.49 0
Mar 2023 74.49 0
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 0.244082533129649.
  • 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

 Looks like the company does not have any serious limitations.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 63.52 110.6 77.25 75.72 81.56
Total Expenditure 56.52 98.69 69.02 68.26 77.27
Operating Profit 7 11.91 8.23 7.47 4.28
Other Income 0.33 0.73 0.24 0.21 0.2
Interest 0.57 0.12 0.22 0.68 0.6
Depreciation 0.85 0.91 0.82 0.85 0.9
Exceptional Items 0 0 0 0 0
Profit Before Tax 5.91 11.61 7.44 6.15 2.98
Tax 1.46 2.99 1.87 1.56 0.76
Profit After Tax 4.45 8.63 5.58 4.59 2.22
Adjusted EPS (Rs) 2.82 5.47 3.53 2.91 1.4

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 Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 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 rajednrabhai p... 0.46 0.46 0.46 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
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 25.51 25.51 25.51 25.51 25.51
alpesh bhaichandbhai soni... 1.60 1.60 1.39 1.39 1.39
llp 0.04 0.04 0.05 0.03 0.06
zaki abbas nasser 2.38 2.19 2.03 1.55 1.17

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

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 find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. 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 38.7079090444865 which is high and comparatively overvalued .

  • Share Price: - The current share price of ICE MakeRefrigeratio is Rs 515.45. 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 D/E ratio of 0.0172 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. ICE MakeRefrigeratio has an Inventory turnover ratio of 6.66002765764804 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • 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 0.35 %.

Last Updated on:
Brief about ICE MakeRefrigeratio
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