statements

ICE Make Refrigeration Ltd.

NSE: ICEMAKE

Sector: Capital Goods

Industry Group: Industrial Manufacturing

Industry: Industrial Products

726.05+4.4 (+0.60%)

24 Aug, 12:00 AM

Overview Analysis Statements

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Income Statement

Abridged

Understanding Income Statement

ICE Make Refrigeration Ltd. income statement covering revenue, operating profit, EBITDA, PAT and EPS across annual and quarterly periods.

Consolidated

Standalone

Annual

Interim

	2013 Mar 31	2014 Mar 31	2015 Mar 31	2016 Mar 31	2017 Mar 31	2018 Mar 31	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31	TTM Jun 30
	2013 Mar 31	2014 Mar 31	2015 Mar 31	2016 Mar 31	2017 Mar 31	2018 Mar 31	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31	TTM Jun 30
Period length: Source:	12M PR	12M PR	12M PR	12M PR	12M PR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M PRESS	12M IR
Total Revenue	40.44	39.17	50.48	71.69	87.91	102.77	131.63	137.65	134.65	206.10	312.21	378.38	479.52	668.20	735.58
Cost of Operating Revenue	32.46	29.86	39.48	54.35	61.25	68.13	89.70	91.35	95.24	151.72	223.51	263.62	343.53	491.02	547.25
Gross Profit	7.97	9.31	11.01	17.34	26.66	34.64	41.93	46.30	39.41	54.38	88.70	114.76	135.99	177.18	188.33
Gross Margin	19.7	23.8	21.8	24.2	30.3	33.7	31.9	33.6	29.3	26.4	28.4	30.3	28.4	26.5	25.6
Total Operating Expenses	38.41	36.81	47.92	66.30	79.16	91.73	120.27	128.44	128.63	195.26	284.00	341.69	445.11	639.94	706.71
Operating Profit	2.03	2.37	2.56	5.39	8.76	11.04	11.36	9.21	6.02	10.84	28.21	36.69	34.41	28.26	28.87
Operating Margin	5.0	6.0	5.1	7.5	10.0	10.7	8.6	6.7	4.5	5.3	9.0	9.7	7.2	4.2	3.9
Financing Income/(Expense) - Net	-0.86	-1.18	-1.29	-1.52	-1.27	-1.79	-0.84	-1.52	-1.63	-1.40	-0.97	-1.78	-3.87	-12.59	-13.57
Profit before Taxes	1.21	1.27	1.41	4.00	7.80	9.75	10.55	7.74	5.28	9.82	28.08	35.20	31.02	16.39	16.00
Income Taxes	0.39	0.38	0.48	1.36	2.71	3.11	3.07	2.05	1.67	2.50	7.28	9.06	8.11	4.26	4.05
Profit after Tax	0.83	0.89	0.93	2.64	5.09	6.64	7.48	5.70	3.61	7.32	20.80	26.25	23.11	12.19	11.98
PAT Margin	2.1	2.3	1.9	3.7	5.8	6.5	5.7	4.1	2.7	3.6	6.7	6.9	4.8	1.8	1.6
EPS - Basic - ex Extraordinary Items	0.53	0.57	0.60	1.69	3.25	5.18	4.77	3.64	2.31	4.66	13.19	16.64	14.65	7.73	7.58
EPS - Diluted - ex Extraordinary Items	0.53	0.57	0.60	1.69	3.25	5.18	4.76	3.64	2.30	4.65	13.19	16.64	14.65	7.73	7.58
EBIT	2.03	2.37	2.56	5.39	8.76	11.04	11.36	9.21	6.02	10.84	28.21	36.69	34.41	28.26	28.87
EBITDA	2.73	3.20	3.95	6.91	10.40	12.70	13.86	12.69	10.38	14.48	32.12	40.77	42.72	45.32	43.90
EBITDA Margin	6.8	8.2	7.8	9.6	11.8	12.4	10.5	9.2	7.7	7.0	10.3	10.8	8.9	6.8	6.0

Balance Sheet

Abridged

Understanding Balance Sheet

ICE Make Refrigeration Ltd. balance sheet covering assets, liabilities, equity and borrowings across annual and quarterly periods.

Consolidated

Standalone

Annual

Interim

	2013 Mar 31	2014 Mar 31	2015 Mar 31	2016 Mar 31	2017 Mar 31	2018 Mar 31	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31
	2013 Mar 31	2014 Mar 31	2015 Mar 31	2016 Mar 31	2017 Mar 31	2018 Mar 31	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31
Source:	PR	PR	PR	PR	PR	AR	AR	AR	AR	AR	AR	AR	AR	PRESS
Total Current Assets	14.91	20.37	24.34	29.74	43.80	66.52	58.75	69.64	73.21	90.32	123.89	140.13	221.81	333.27
Long-Term Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	2.79
Property Plant & Equipment - Net	5.91	7.81	8.87	8.65	9.27	12.27	21.07	25.27	29.00	30.65	30.96	60.67	137.13	163.97
Total Non-Current Assets	6.03	7.98	9.06	8.93	11.30	14.94	24.03	31.69	34.59	34.73	35.13	71.25	145.91	170.32
Total Assets	20.94	28.36	33.40	38.67	55.10	81.46	82.77	101.33	107.80	125.05	159.02	211.38	367.72	503.60
Total Current Liabilities	13.10	16.30	19.37	22.25	33.91	34.54	31.43	44.22	46.20	57.79	72.82	81.30	189.78	284.33
Long Term Debt	3.00	4.39	5.71	5.48	5.63	2.28	1.22	3.50	4.21	4.69	3.87	25.12	51.47	85.35
Total Non-Current Liabilities	3.22	5.25	6.29	6.04	5.72	2.32	1.27	3.55	5.28	5.58	5.08	26.00	54.24	86.66
Total Liabilities	16.32	21.55	25.67	28.29	39.63	36.87	32.70	47.78	51.48	63.36	77.90	107.30	244.02	370.99
Total Shareholders' Equity	4.62	6.80	7.74	10.38	15.47	44.60	50.07	53.56	56.32	61.68	81.13	104.19	124.03	132.99
Minority Interest	-	-	-	-	-	-	-	-	-	-	-	-0.11	-0.32	-0.38
Total Equity	4.62	6.80	7.74	10.38	15.47	44.60	50.07	53.56	56.32	61.68	81.13	104.08	123.71	132.61
Total Liabilities & Equity	20.94	28.36	33.40	38.67	55.10	81.46	82.77	101.33	107.80	125.05	159.02	211.38	367.72	503.60

Cash Flow

Abridged

Understanding Cash Flow Statement

ICE Make Refrigeration Ltd. cash flow statement covering operating, investing and financing activities across annual and quarterly periods.

Consolidated

Standalone

Annual

Interim

	2013 Mar 31	2014 Mar 31	2015 Mar 31	2016 Mar 31	2017 Mar 31	2018 Mar 31	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31
	2013 Mar 31	2014 Mar 31	2015 Mar 31	2016 Mar 31	2017 Mar 31	2018 Mar 31	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31
Period length: Source:	12M PR	12M PR	12M PR	12M PR	12M PR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M PRESS
Operating CF bef Changes in Working Cap	1.09	1.30	1.88	2.96	4.79	4.89	9.20	8.88	8.04	11.14	25.81	30.10	30.57	27.31
Working Capital - Increase/(Decrease)	0.61	-2.86	1.51	-3.87	1.51	-8.46	-2.47	-11.28	2.72	-4.34	-2.47	-21.60	-4.39	-50.06
Net CF from Operating Activities	1.70	-1.56	3.39	-0.91	6.30	-3.57	6.72	-2.40	10.77	6.80	23.34	8.50	26.17	-22.75
Capital Expenditures - Net	0.86	2.73	2.40	1.33	3.83	4.92	11.20	7.64	4.90	3.95	3.75	33.03	82.29	39.92
Net CF from Investing Activities	-1.02	-3.15	-2.45	-1.63	-3.93	-3.99	-11.14	-7.72	-3.63	-5.03	-14.53	-23.54	-83.67	-40.87
Dividends Paid - Cash - Total	-	-	-	-	-	-	1.89	2.27	0.56	1.88	1.89	2.84	3.16	3.55
Stock - Issuance/(Retirement) - Net	-	1.29	-	-	-	22.60	-	-	-	0.17	0.45	-	-	-
Debt - LT & ST - Issuance/(Retirement) - Total	1.01	2.91	1.81	1.49	0.89	-4.49	-6.69	10.21	-6.77	0.02	-6.58	21.67	55.95	68.56
Net Cash Flow from Financing Activities	1.01	4.20	1.81	1.49	0.89	18.11	-8.70	7.94	-7.34	-1.70	-8.02	18.83	52.79	65.01
Free Cash Flow to Equity	1.85	-1.38	2.81	-0.75	3.37	-12.97	-11.18	0.17	-0.91	2.87	13.02	-2.86	-0.17	5.89
Free Operating CF net dividend	0.83	-4.33	0.99	-2.24	2.46	-8.57	-6.41	-12.35	5.30	0.88	17.68	-27.37	-59.31	-66.22
Free Operating CF	0.83	-4.33	0.99	-2.24	2.46	-8.57	-4.52	-10.08	5.87	2.77	19.57	-24.53	-56.15	-62.67

Business Segment Analysis

FY End:

Mar 25

ICE Make Refrigeration Ltd. business segment breakdown covering revenue, operating income and assets across key divisions for the selected financial year.

Capex

Manufacturing of Cold Rooms, Freezer, Refrigeration Systems and chilling plant (100.0%)₹ 82.33 Cr

Revenue / Sales

Manufacturing of Cold Rooms, Freezer, Refrigeration Systems and chilling plant (100.0%)₹ 479.52 Cr

Assets

Manufacturing of Cold Rooms, Freezer, Refrigeration Systems and chilling plant (100.0%)₹ 367.72 Cr

Operating Income

Manufacturing of Cold Rooms, Freezer, Refrigeration Systems and chilling plant (100.0%)₹ 34.41 Cr

Regional Segment Analysis

ICE Make Refrigeration Ltd. geographic revenue split showing domestic and international market performance across revenue and income for the selected financial year.

We don't have enough data to show regional segment analysis for ICE Make Refrigeration Ltd.

Historical Segment Analysis

Track how ICE Make Refrigeration Ltd. segment contributions have evolved over multiple financial years to see which divisions are growing, shrinking or gaining strategic importance.

Capex

Sales

Assets

Operating Income

Business

Regional

Business

	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31
	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31
Manufacturing of Cold Rooms, Freezer, Refrigeration Systems and chilling plant	11	8	5	4	4	33	82

Frequently Asked Questions

What is the revenue of ICE Make Refrigeration Ltd.?

The latest trailing twelve month revenue of ICE Make Refrigeration Ltd. is ₹ 735.58 Cr, reflecting a 1-year growth of 45.43% and a 3-year CAGR of 31.09%. Annual and quarterly revenue trends are available in the Income Statement section.

What is the net profit of ICE Make Refrigeration Ltd.?

The latest trailing twelve month net profit (PAT) of ICE Make Refrigeration Ltd. is ₹ 11.96 Cr, with a 3-year earnings CAGR of -19.67%. Detailed profit history across annual and quarterly periods is in the Income Statement section.

What is the EBITDA of ICE Make Refrigeration Ltd.?

The trailing twelve month EBITDA of ICE Make Refrigeration Ltd. is approximately ₹ 31.11 Cr (based on an operating margin of 4.23%). EBITDA reflects core operating profitability before interest, taxes, depreciation and amortisation.

What is the EPS of ICE Make Refrigeration Ltd.?

The trailing twelve month Earnings Per Share (EPS) of ICE Make Refrigeration Ltd. is 7.58. EPS trends across annual and quarterly periods are visible in the Income Statement section.

What is the debt level of ICE Make Refrigeration Ltd.?

The debt-to-equity ratio of ICE Make Refrigeration Ltd. stands at 1.19. The interest coverage ratio is 2.13x, reflecting the company's ability to service debt from operating earnings. The full breakdown of total borrowings is in the Balance Sheet section.

What is the book value per share of ICE Make Refrigeration Ltd.?

The estimated book value per share of ICE Make Refrigeration Ltd. is 84.28 (derived from a P/B ratio of 8.62 and market price of ₹ 726.05), reflecting the net asset value attributable to each share. See the Balance Sheet section for a full breakdown.

What is the cash flow from operations of ICE Make Refrigeration Ltd.?

The trailing twelve month operating cash flow of ICE Make Refrigeration Ltd. is ₹ -22.75 Cr. Annual and quarterly cash flow data is available in the Cash Flow section of the Statements tab.

Does ICE Make Refrigeration Ltd. report consolidated or standalone financials?

ICE Make Refrigeration Ltd. reports consolidated financials. You can toggle between consolidated and standalone views using the switch at the top of each statement section.