Ice Make Refrigeration Limited
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from Ice Make Refrigeration Limited's yearly results (2023–2026), compared with Industrials companies in India. Tap ? on any ratio for what it means.
Where ₹100 of sales goes
Latest year (Mar 2026). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
₹48Over the last 3 years, every ₹100 of reported profit came with ₹48 of operating cash.
Lower than 65% of Industrials companies in India.
Self-Funding Ratio
0.2×Over the last 3 years its own operating cash paid for 19% of its investment spending (capex); the rest came from other sources such as borrowing, cash reserves or new shares.
Lower than 74% of Industrials companies in India.
Cash Locked Ratio
₹22For every ₹100 of sales, ₹22 is tied up in day-to-day operations (money owed by customers + stock − money owed to suppliers), against ₹15 tied up three years earlier.
Less money tied up than 53% of Industrials companies in India.
Growth quality
Steadiness Ratio
3/3 · 1/3Sales grew in 3 of the last 3 years; profit grew in 1 of 3.
Less steady than 60% of Industrials companies in India.
Growth Efficiency Ratio
−₹2Sales grew 114% in 3 years, but profit fell: ₹2 less profit per ₹100 of extra sales.
Lower than 81% of Industrials companies in India.
Asset Productivity Ratio
+114% / +217%In 3 years sales changed by +114% while total assets changed by +217%. Assets grew faster than sales.
Balance-sheet strength
Debt Due Cover Ratio
-0.1×Operating cash was negative last year, while some debt falls due within a year.
Lower than 80% of Industrials companies in India.
Cash Cushion Ratio
−16%Debt, after subtracting cash, equals 16% of its market value (net debt).
Lower than 72% of Industrials companies in India.
Tangible Assets Ratio
100%Of every ₹100 the company owns, ₹100 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
More tangible than 52% of Industrials companies in India.
Tangible Net Worth Ratio
99%Of every ₹100 of net worth, ₹99 is tangible; the rest is goodwill and other intangibles, often from buying other companies.
Less tangible than 55% of Industrials companies in India.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (14)
Ice Make Refrigeration Limited owes ₹0.74 for every ₹1 it owns. Net profit fell 47% in the year to Mar 2026, and shrank 16% a year on average over 3 years.
Compared with Industrials companies in India · latest annual results Mar 2026.
P/E ratio
83.5Investors pay ₹83.5 for every ₹1 of Ice Make Refrigeration Limited's yearly profit, higher than 90% of Industrials companies in India.
P/B ratio
7.51The share price is 7.51 times Ice Make Refrigeration Limited's book value per share, higher than 81% of Industrials companies in India.
Market cap
₹998 CrThe total market value of all of Ice Make Refrigeration Limited's shares at today's price (share price × number of shares), smaller than 67% of Industrials companies in India. PosiCap size class: Micro Cap.
Net worth (book value)
₹133 CrWhat Ice Make Refrigeration Limited would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (31 Mar 2026).
Book value per share
₹84.28Net worth divided by the number of shares. The share price of ₹632.70 is 7.5 times this, which is the P/B above.
Return on equity (ROE)
9.0%Ice Make Refrigeration Limited earned 9.0% on its shareholders' money over the last year, lower than 64% of Industrials companies in India.
Owes vs Owns
0.74×Ice Make Refrigeration Limited owes ₹0.74 for every ₹1 it owns (moderate), higher than 93% of Industrials companies in India.
Dividend yield
0.34%Ice Make Refrigeration Limited pays 0.34% of its share price as dividends a year, lower than 64% of dividend-paying Industrials companies in India.
Revenue growth
+39%Revenue rose 39% in the year to Mar 2026, and grew 29% a year on average over 3 years.
Profit growth
-47%Net profit fell 47% in the year to Mar 2026, and shrank 16% a year on average over 3 years.
Profit margin
1.8%Ice Make Refrigeration Limited keeps ₹2 of every ₹100 of revenue as net profit.
Cash quality
-0.9×Cash from Ice Make Refrigeration Limited's business was -0.9× its reported profit in the year to Mar 2026 — the business used cash even though it reported a profit.
Interest cover
2.6×Ice Make Refrigeration Limited's operating profit covered its interest costs 2.6 times in the year to Mar 2026.
Cash vs debt
Net debtIce Make Refrigeration Limited had ₹157 Cr more debt than cash (net debt) at Mar 2026.
Questions
What is Ice Make Refrigeration Limited's P/E ratio?
Investors pay ₹83.5 for every ₹1 of Ice Make Refrigeration Limited's yearly profit, higher than 90% of Industrials companies in India.
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For Ice Make Refrigeration Limited: ₹998 Cr ÷ ₹133 Cr (31 Mar 2026) = 7.5.
What is Ice Make Refrigeration Limited's return on equity?
Ice Make Refrigeration Limited earned 9.0% on its shareholders' money over the last year, lower than 64% of Industrials companies in India.
How much does Ice Make Refrigeration Limited owe compared with what it owns?
Ice Make Refrigeration Limited owes ₹0.74 for every ₹1 it owns (moderate), higher than 93% of Industrials companies in India.
Does Ice Make Refrigeration Limited pay a dividend?
Yes. Ice Make Refrigeration Limited pays 0.34% of its share price as dividends a year, lower than 64% of dividend-paying Industrials companies in India.
Is Ice Make Refrigeration Limited's revenue growing?
Revenue rose 39% in the year to Mar 2026, and grew 29% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.