ICE Make Refrigeration Ltd
- Market Cap ₹ 1,118 Cr.
- Current Price ₹ 708
- High / Low ₹ 960 / 434
- Stock P/E 45.8
- Book Value ₹ 66.0
- Dividend Yield 0.28 %
- ROCE 34.3 %
- ROE 28.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 28.4% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 17.1%
Cons
- Stock is trading at 10.7 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|
88 | 103 | 132 | 138 | 135 | 206 | 312 | 378 | 384 | |
78 | 90 | 118 | 124 | 124 | 192 | 280 | 338 | 346 | |
Operating Profit | 10 | 13 | 14 | 13 | 10 | 14 | 32 | 41 | 39 |
OPM % | 11% | 12% | 10% | 10% | 8% | 7% | 10% | 11% | 10% |
0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | |
Interest | 1 | 2 | 1 | 2 | 2 | 2 | 1 | 2 | 2 |
Depreciation | 2 | 2 | 2 | 5 | 4 | 4 | 4 | 4 | 4 |
Profit before tax | 7 | 10 | 11 | 7 | 5 | 10 | 28 | 35 | 33 |
Tax % | 32% | 32% | 29% | 27% | 32% | 25% | 26% | 26% | |
5 | 7 | 7 | 5 | 4 | 7 | 21 | 26 | 24 | |
EPS in Rs | 6.95 | 4.23 | 4.77 | 3.22 | 2.30 | 4.66 | 13.18 | 16.64 | 15.54 |
Dividend Payout % | 0% | 24% | 25% | 37% | 52% | 26% | 14% | 12% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 41% |
TTM: | 18% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 28% |
3 Years: | 93% |
TTM: | 6% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 65% |
3 Years: | 112% |
1 Year: | 15% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 24% |
Last Year: | 28% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 7 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
Reserves | 8 | 29 | 34 | 38 | 41 | 46 | 65 | 88 |
15 | 10 | 3 | 17 | 10 | 11 | 5 | 27 | |
25 | 27 | 29 | 34 | 42 | 52 | 73 | 80 | |
Total Liabilities | 55 | 81 | 83 | 105 | 108 | 125 | 159 | 211 |
11 | 13 | 23 | 31 | 30 | 32 | 32 | 50 | |
CWIP | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 12 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 0 |
44 | 68 | 60 | 74 | 77 | 93 | 122 | 149 | |
Total Assets | 55 | 81 | 83 | 105 | 108 | 125 | 159 | 211 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
8 | -2 | 8 | 0 | 12 | 8 | 24 | 10 | |
-4 | -4 | -12 | -7 | -3 | -5 | -14 | -23 | |
-0 | 16 | -10 | 5 | -9 | -3 | -9 | 17 | |
Net Cash Flow | 3 | 11 | -13 | -1 | -0 | 0 | 1 | 4 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 66 | 78 | 60 | 69 | 68 | 60 | 63 | 63 |
Inventory Days | 114 | 135 | 121 | 156 | 161 | 123 | 86 | 84 |
Days Payable | 109 | 96 | 85 | 92 | 103 | 83 | 84 | 76 |
Cash Conversion Cycle | 71 | 116 | 96 | 132 | 125 | 100 | 64 | 71 |
Working Capital Days | 45 | 79 | 70 | 88 | 85 | 64 | 44 | 50 |
ROCE % | 27% | 22% | 15% | 11% | 17% | 37% | 34% |
Documents
Announcements
-
Updates
1 October 2024 - Ice Make Refrigeration Limited has informed regarding 'Investors Presentation'.
-
Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
30 September 2024 - ICE MAKE REFRIGERATION LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
-
Appointment
30 September 2024 - Ice Make Refrigeration Limited has informed regarding Appointment of Ms Umesh Shah & Associates as Other of the company w.e.f. September 28, 2024.
-
Shareholders meeting
30 September 2024 - Ice Make Refrigeration Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 28, 2024
-
Shareholders meeting
28 September 2024 - Ice Make Refrigeration Limited has informed about Shareholders meeting
Annual reports
Concalls
-
Oct 2024TranscriptNotesPPT
-
Aug 2024TranscriptNotesPPT
-
Aug 2024Transcript PPT
-
Jun 2024TranscriptPPTREC
-
Jun 2024TranscriptPPT
-
Feb 2024TranscriptPPTREC
-
Feb 2024TranscriptPPT
-
Dec 2023TranscriptPPTREC
-
Oct 2023TranscriptNotesPPT
-
Aug 2023Transcript PPT
-
Aug 2023TranscriptNotesPPT
-
Jun 2023Transcript PPT
-
Feb 2023TranscriptPPT
-
Feb 2023TranscriptPPT
-
Nov 2022TranscriptPPT
-
Nov 2022TranscriptPPT
-
Sep 2022TranscriptNotesPPT
-
Sep 2022Transcript PPT
-
Aug 2022TranscriptPPT
-
Jun 2022TranscriptPPT
-
Jun 2022TranscriptPPT
-
Feb 2022TranscriptPPT
-
Nov 2021TranscriptPPT
-
Oct 2021TranscriptNotesPPT
-
Oct 2021TranscriptNotesPPT
-
Oct 2021TranscriptNotesPPT
-
Sep 2021Transcript PPT
-
Feb 2021TranscriptNotesPPT
-
Feb 2021TranscriptNotesPPT
-
Oct 2020TranscriptNotesPPT
-
Sep 2020TranscriptNotesPPT
-
Sep 2019TranscriptNotesPPT
Business Verticals
The company offers over 50 products under the brands ‘Ice Make’, ‘Bharat’ and ‘TransFreez’ divided into 5 business segments: [1][2]