ICE MAKE REFRIGERAT LTD
ICEMAKE · General/Diversified · NSE
₹762
Current Market Price
Fair Value (DCF)
₹876
Discount to FV
+15.0%
Updated just now
YieldIQ Score
47/100
Piotroski F-Score
4/9
Economic Moat
None
Confidence
12%
ROE
18.6%
Debt/Equity
0.69
WACC
11.1%
Market Cap
₹1,202 Cr
Quality & Valuation
Neutral model outputs — no recommendations.
ROCE
20.7%
Return on capital employed
EV / EBITDA
36.0×
Enterprise multiple
Debt / EBITDA
4.0×
Leverage vs earnings
Interest Coverage
8.6×
EBIT covers interest
Current Ratio
1.17×
Short-term liquidity
Asset Turnover
1.40×
Revenue per ₹ of assets
Revenue CAGR (3Y)
28.9%
3-year revenue growth
Revenue CAGR (5Y)
—
5-year revenue growth
DCF Scenario Analysis
vs CMP ₹761.5
Bear case
Discount -920.8%
Base case
Discount +13.0%
Bull case
Discount +27.5%
Ratio Trends
ICEMAKE · last 5 annual periods
ROE
18.6%
ROCE
20.7%
Operating Margin
—
Debt / Equity
0.69×
PE
19.9×
EV / EBITDA
12.7×
Historical Financials
ICEMAKE · Annual, last 5 years· amounts in ₹Cr unless noted
| Metric | 2021 NSE_XBRL | 2022 NSE_XBRL | 2023 NSE_XBRL | 2024 NSE_XBRL | 2025 yfinance | CAGR |
|---|---|---|---|---|---|---|
| Revenue | ₹135 Cr | ₹206 Cr | ₹312 Cr | ₹378 Cr | ₹479 Cr | +37.4% |
| EBITDA | — | ₹14.8 Cr | ₹32.9 Cr | ₹40.9 Cr | ₹43.4 Cr | +30.8% |
| EBIT | ₹7.2 Cr | ₹11.5 Cr | ₹29.3 Cr | ₹37.3 Cr | — | +51.0% |
| PAT | ₹3.6 Cr | ₹7.3 Cr | ₹20.8 Cr | ₹26.3 Cr | ₹23.1 Cr | +59.0% |
| EPS (diluted) | ₹2.30 | ₹4.65 | ₹13.19 | ₹16.56 | — | +63.8% |
| CFO | ₹12.4 Cr | ₹8.3 Cr | ₹24.3 Cr | ₹10.4 Cr | ₹30.0 Cr | +24.8% |
| CapEx | — | ₹-4.0 Cr | ₹-3.8 Cr | ₹-33.0 Cr | ₹-82.3 Cr | — |
| FCF | — | ₹4.3 Cr | ₹20.6 Cr | ₹-22.6 Cr | ₹-52.4 Cr | — |
| Total Assets | — | ₹125 Cr | ₹159 Cr | ₹211 Cr | ₹368 Cr | +31.0% |
| Total Debt | — | ₹11.0 Cr | ₹4.9 Cr | ₹27.2 Cr | ₹85.9 Cr | +67.1% |
| Shareholders' Equity | — | ₹61.7 Cr | ₹81.1 Cr | ₹104 Cr | ₹124 Cr | +19.1% |
CAGR computed across the visible window. Signs reverse if start value is zero or negative.
Peer Comparison
ICEMAKE vs 5 closest peers by market-cap band
| Peer | MoS | Score | Verdict | ROE | PE |
|---|---|---|---|---|---|
EKC EKC | — | — | Pending | 8.1% | — |
RAJOOENG RAJOOENG | — | — | Pending | 23.4% | — |
DIFFNKG DIFFNKG | — | — | Pending | 12.4% | — |
 ROTO ROTO PUMPS LIMITED | -60.5% | 40 | Above Fair Value | 15.0% | — |
KRISHNADEF KRISHNADEF | — | — | Pending | 16.9% | — |
Click a ticker to view its fair-value analysis.
Dividend History
8 ex-dividend events on file. Source: NSE corporate-actions feed.
Total paid (5Y)
₹8.45/sh
Last payout
2025-09-19
₹2.25
Peak payout
₹2.25
Trailing yield
0.30%
Amounts parsed from NSE subject lines. Percent-of-face-value declarations are converted using the per-ticker face value (defaults to ₹10).
AI Analysis Summary
Model-generated description of metrics. Not investment advice. ICE MAKE REFRIGERAT LTD (ICEMAKE.NS) trades at 761.50 vs a model fair value of 875.72, a gap of 15.0%. Piotroski F-score: 4/9. Moat label...
Read full AI analysis →Reverse DCF
Market-implied growth
What FCF growth is priced in →
Risk Analysis
Volatility & drawdown
Risk profile of ICEMAKE →
DuPont
ROE decomposition
Why ROE is what it is →
Technicals
RSI, MACD, MAs
Reference indicators →
News & Filings
Recent activity
BSE filings + news for ICEMAKE →
Compare
Head-to-head with peers
Compare ICEMAKE side by side →
Run Full Interactive Analysis
Interactive DCF sliders, sensitivity heatmap, peer comparison, and more.
Analyse ICEMAKENow →Model estimates using publicly available data. Not investment advice. YieldIQ is not registered with SEBI as an investment adviser or research analyst. Past performance does not guarantee future results.