ICE Make Refrigeration Ltd
- Market Cap ₹ 1,325 Cr.
- Current Price ₹ 840
- High / Low ₹ 946 / 434
- Stock P/E 49.8
- Book Value ₹ 68.7
- Dividend Yield 0.21 %
- ROCE 34.2 %
- ROE 27.5 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 27.7% CAGR over last 5 years
Cons
- Stock is trading at 12.2 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
18 | 27 | 50 | 72 | 88 | 101 | 129 | 136 | 131 | 200 | 303 | 370 | |
16 | 25 | 47 | 65 | 78 | 89 | 115 | 122 | 121 | 186 | 271 | 329 | |
Operating Profit | 2 | 2 | 4 | 7 | 10 | 12 | 14 | 14 | 11 | 14 | 31 | 40 |
OPM % | 9% | 9% | 8% | 10% | 11% | 12% | 11% | 10% | 8% | 7% | 10% | 11% |
0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 2 | 1 | |
Interest | 1 | 1 | 1 | 2 | 1 | 2 | 1 | 2 | 2 | 2 | 1 | 2 |
Depreciation | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 4 | 4 | 3 | 3 | 4 |
Profit before tax | 0 | 1 | 1 | 4 | 7 | 10 | 11 | 9 | 6 | 11 | 28 | 36 |
Tax % | 33% | 34% | 34% | 34% | 32% | 32% | 29% | 26% | 31% | 26% | 26% | 26% |
0 | 1 | 1 | 3 | 5 | 7 | 8 | 7 | 4 | 8 | 21 | 27 | |
EPS in Rs | 1.59 | 4.26 | 6.46 | 3.67 | 6.98 | 4.23 | 5.00 | 4.26 | 2.86 | 5.16 | 13.34 | 16.87 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 24% | 24% | 0% | 42% | 23% | 13% | 12% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 23% |
3 Years: | 41% |
TTM: | 22% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 28% |
3 Years: | 81% |
TTM: | 27% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 66% |
3 Years: | 118% |
1 Year: | 78% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 24% |
Last Year: | 28% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1 | 1 | 1 | 7 | 7 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
Reserves | 1 | 3 | 6 | 3 | 8 | 29 | 35 | 40 | 44 | 50 | 69 | 93 |
8 | 7 | 13 | 14 | 15 | 8 | 2 | 14 | 8 | 9 | 3 | 24 | |
4 | 7 | 13 | 14 | 24 | 26 | 29 | 33 | 40 | 49 | 70 | 77 | |
Total Liabilities | 14 | 17 | 33 | 39 | 55 | 79 | 81 | 102 | 107 | 123 | 158 | 209 |
6 | 6 | 9 | 9 | 9 | 10 | 20 | 26 | 26 | 29 | 30 | 46 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 12 |
Investments | 0 | 0 | 0 | 0 | 2 | 3 | 3 | 3 | 3 | 3 | 8 | 3 |
8 | 11 | 24 | 30 | 44 | 64 | 58 | 73 | 76 | 90 | 120 | 148 | |
Total Assets | 14 | 17 | 33 | 39 | 55 | 79 | 81 | 102 | 107 | 123 | 158 | 209 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 0 | 5 | 1 | 8 | -0 | 7 | -0 | 12 | 9 | 22 | 10 | |
0 | 0 | -2 | -2 | -4 | -4 | -10 | -7 | -4 | -5 | -13 | -22 | |
0 | 0 | 1 | -0 | -0 | 14 | -9 | 6 | -9 | -3 | -8 | 16 | |
Net Cash Flow | 0 | 0 | 3 | -1 | 3 | 10 | -12 | -1 | -0 | 0 | 1 | 4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 66 | 54 | 61 | 69 | 65 | 76 | 58 | 74 | 76 | 63 | 66 | 68 |
Inventory Days | 104 | 112 | 96 | 75 | 105 | 122 | 107 | 134 | 141 | 111 | 79 | 75 |
Days Payable | 78 | 87 | 90 | 70 | 107 | 94 | 84 | 88 | 101 | 79 | 83 | 75 |
Cash Conversion Cycle | 91 | 79 | 67 | 73 | 63 | 104 | 82 | 120 | 115 | 94 | 62 | 69 |
Working Capital Days | 51 | 47 | 53 | 57 | 41 | 71 | 61 | 83 | 81 | 62 | 44 | 51 |
ROCE % | 16% | 24% | 31% | 28% | 23% | 18% | 12% | 18% | 36% | 34% |
Documents
Announcements
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Updates
10 October 2020 - Ice Make Refrigeration Limited has informed regarding 'Certificate under Regulation 74 (5) of the SEBI (Depositories and Participants) Regulations, 2018 for the Quarter Ended 30th …
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Investor Presentation
10 October 2020 - Ice Make Refrigeration Limited has informed about Investor Presentation
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Updates
9 October 2020 - Ice Make Refrigeration Limited has informed regarding 'Listing & Trading of Equity Shares of the Company on Capital Market Segment (Main Board) from October 12, …
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Updates
9 October 2020 - Ice Make Refrigeration Limited has informed regarding 'Listing & Trading of Equity Shares of the Company on Capital Market Segment (Main Board) w.e.f. October 12, …
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Trading Window
30 September 2020 - Ice Make Refrigeration Limited has informed regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
Annual reports
Concalls
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Business Segments
The company has 50+ products divided into following segments:
Cold Room: The Co. manufactures customized products like Cold Room, Solar Cold Room, Cold Room Puf Panel, Cold Room Door, Condensing Unit, etc.
Commercial Refrigeration: The Co. offers services and products for commercial refrigeration like Ice Cream Mix Plant, Turnkey Dairy Solution, Bulk Milk Chiller, Pasteurizing Tank, Ageing Vat, Ice Candy Production Machine, Ice Cream Hardener, etc
Industrial Refrigeration: The Co. offers industrial refrigeration equipment like Water Chilling Plant, Brine Chilling Plant, Oil Chilling Plant, Air Chiller and Ice Building Tank.
Transport Refrigeration: The Co. offers transport refrigeration products and services like Refrigerated Container, Refrigerated Van, Insulated Container, Bunk House, etc.
Ammonia Refrigeration: The Co. recently started Ammonia refrigeration products and services like Turnkey Projects for Cold Stores, Water Chillers for Dairy, Glycol Chillers for milk deep chilling for dairy & for Beverage & Brewery Plants, Water Chillers for Pharma, etc. [1]