ICE Make Refrigeration Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: ICEMAKE | Electronics - Components | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on ICE MakeRefrigeratio

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

ICE Make Refrigeration stock performance -

mw4me loader
P/E Ratio (SA):
35.53
Market Cap:
746.7 Cr.
52-wk low:
0
52-wk high:
0

Is ICE Make Refrigeration Ltd an attractive stock to invest in?

1. Is ICE Make Refrigeration Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that ICE Make Refrigeration Ltd is a average quality company.

2. Is ICE Make Refrigeration Ltd undervalued or overvalued?

The key valuation ratios of ICE Make Refrigeration Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is ICE Make Refrigeration Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of ICE Make Refrigeration Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of ICE MakeRefrigeratio:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
ICE Make Refrigeration Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 11.3%9.6%16.4%21.5%19.1%16.3%13.3%8.5%14.8%28.6%-
Value Creation
Index
-0.2-0.30.20.50.40.2-0.1-0.40.11.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 39.250.571.787.5101129136131200303345
Sales YoY Gr.-28.9%42%22.1%15.5%27.8%5.2%-3.3%52.3%51.2%-
Adj EPS 0.80.80.54.44.354.32.95.813.913.3
YoY Gr.-6.5%-43.9%852.2%-3%18.4%-15.3%-32.2%101.7%138.4%-
BVPS (₹) 5.96.714.413.528.532.235.137.641.553.961.7
Adj Net
Profit
0.90.92.756.77.96.74.59.221.921
Cash Flow from Ops. -0.44.60.67.5-0.56.6-0.5128.722.3-
Debt/CF from Ops. -26.22.825.82-16.50.3-25.20.60.80.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 25.5%24.5%30.6%51.2%
Adj EPS 37.9%26.7%48.3%138.4%
BVPS27.8%13.6%15.4%29.9%
Share Price - 42.7% 92.1% 85.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
15.512.929.438.822.116.612.67.914.729.223.1
Op. Profit
Mgn %
8.27.99.711.412.310.710.488.110.89.2
Net Profit
Mgn %
2.31.93.75.86.66.14.93.54.67.36.1
Debt to
Equity
1.61.71.410.200.20.10.10-
Working Cap
Days
13012410411712612116720314912060
Cash Conv.
Cycle
50514341424881101705322

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 23.00%

Sales growth is growing at healthy rate in last 3 years 30.59%

Net Profit is growing at healthy rate in last 3 years 48.32%

Sales growth is good in last 4 quarters at 28.50%

No data to display

Latest Financials - ICE Make Refrigeration Ltd.

Standalone Consolidated
TTM EPS (₹) 13.3 13.1
TTM Sales (₹ Cr.) 345 352
BVPS (₹.) 61.7 58.9
Reserves (₹ Cr.) 82 77
P/BV 7.67 8.03
PE 35.53 36.27
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 747
Equity (₹ Cr.) 15.8
Face Value (₹) 10
Industry PE 89.1

Management X-Ray of ICE MakeRefrigeratio:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of ICE MakeRefrigeratio

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales39507288101129136131200303
Operating Expenses 3647657889115122121186271
Manufacturing Costs346771013131828
Material Costs2736495667878890145215
Employee Cost 23467910101113
Other Costs 3469791081115
Operating Profit 34710121414111431
Operating Profit Margin (%) 8.2%7.8%9.6%11.3%12.2%10.7%10.4%8.0%7.2%10.3%
Other Income 0000101112
Interest 1121212221
Depreciation 1122124433
Exceptional Items 0000000000
Profit Before Tax 11471011961128
Tax 0012332237
Profit After Tax 11357874821
PAT Margin (%) 2.3%1.9%3.7%5.7%6.6%6.1%4.9%3.4%4.0%7.0%
Adjusted EPS (₹)0.80.80.54.44.25.04.32.95.213.3
Dividend Payout Ratio (%)0%0%0%0%24%24%28%42%23%13%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 781016455055596585
Share Capital 1177161616161616
Reserves 5638293539434969
Minority Interest0000000000
Debt101213148212671
Long Term Debt4656002211
Short Term Debt66898210550
Trade Payables79916172021253249
Others Liabilities 45599813172023
Total Liabilities 283339557881102107123158

Fixed Assets

Gross Block11131516193140434953
Accumulated Depreciation346891114172023
Net Fixed Assets8999102026262930
CWIP 0000100100
Investments 0002333338
Inventories991016222632354447
Trade Receivables881416212127273455
Cash Equivalents 25471642129
Others Assets1225481113109
Total Assets 283339557881102107123158

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 051807-112922
PBT 11451011961128
Adjustment 2223336544
Changes in Working Capital -32-41-10-3-132-4-4
Tax Paid 00-1-2-3-4-2-2-2-7
Cash Flow From Investing Activity -3-2-2-4-4-10-7-4-5-13
Capex -3-2-1-2-4-11-7-5-4-4
Net Investments 000-20010-1-12
Others 0000000102
Cash Flow From Financing Activity 310014-96-9-3-8
Net Proceeds from Shares 10002400000
Net Proceeds from Borrowing 1100-600000
Interest Paid -1-1-2-1-2-1-2-2-2-1
Dividend Paid 00000-2-2-1-2-2
Others 2021-2-610-70-5
Net Cash Flow -13-1310-12-1001
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)15.5912.8529.1838.6422.0416.4812.657.8913.0628.05
ROCE (%)16.214.0224.3131.3727.7522.7618.212.151837.21
Asset Turnover Ratio1.761.792.192.071.811.921.491.261.742.15
PAT to CFO Conversion(x)050.331.600.88-0.1431.131.05
Working Capital Days
Receivable Days58555155555065765654
Inventory Days63604549585778937255
Payable Days94826884917885947168

ICE Make Refrigeration Ltd Stock News

ICE Make Refrigeration Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of ICE MakeRefrigeratio on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of ICE MakeRefrigeratio stood at ₹746.7.
The latest P/E ratio of ICE MakeRefrigeratio as of 01-Jan-1970 05:30 is 35.53.
The latest P/B ratio of ICE MakeRefrigeratio as of 01-Jan-1970 05:30 is 7.67.
The 52-week high of ICE MakeRefrigeratio is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of ICE MakeRefrigeratio is ₹345.1 ( Cr.) .

About ICE Make Refrigeration Ltd

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