Ice Make Refrigeration Limited

Ice Make Refrigeration Limited (ICEMAKE) financial statements and selected valuation metrics from NSE/BSE exchange filings through 30 June 2026.

icemakeindia.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-09-03

Stock price
₹739.25
Market cap
1,163 Cr
Stock P/E
97.3
P/B
8.79
Dividend yield
0.3%

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Share price

NSE closing price from historical market data.

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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales77 Cr82 Cr140 Cr85 Cr103 Cr111 Cr180 Cr112 Cr147 Cr153 Cr256 Cr179 Cr
Operating expenses (approx.)69 Cr78 Cr119 Cr79 Cr95 Cr104 Cr159 Cr107 Cr138 Cr143 Cr234 Cr176 Cr
EBITDA8 Cr4 Cr21 Cr6 Cr8 Cr7 Cr21 Cr4 Cr10 Cr10 Cr21 Cr3 Cr
OPM %9.9%5.2%14.8%7.1%8.2%6.0%11.9%3.9%6.5%6.5%8.4%1.7%
Other income0.13 Cr0.10 Cr0.23 Cr0.10 Cr0.12 Cr0.22 Cr0.46 Cr0.13 Cr0.09 Cr0.13 Cr0.38 Cr0.11 Cr
Interest0.70 Cr0.66 Cr0.52 Cr0.45 Cr0.90 Cr1 Cr2 Cr2 Cr3 Cr4 Cr4 Cr3 Cr
Depreciation1 Cr1 Cr1 Cr0.95 Cr1 Cr2 Cr4 Cr4 Cr4 Cr4 Cr4 Cr2 Cr
Profit before tax6 Cr3 Cr19 Cr5 Cr7 Cr4 Cr16 Cr-2 Cr3 Cr2 Cr14 Cr-2 Cr
Tax %25.1%25.6%26.2%23.0%27.8%21.8%27.4%20.1%26.9%23.7%25.3%25.9%
Net profit4 Cr2 Cr14 Cr4 Cr5 Cr3 Cr12 Cr-1 Cr2 Cr1 Cr10 Cr-2 Cr
EPS (₹)₹2.85₹1.28₹9.04₹2.35₹3.05₹1.82₹7.42₹-0.90₹1.28₹0.93₹6.41₹-1.04

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales135 Cr206 Cr312 Cr378 Cr480 Cr668 CrSign in for TTM
Operating expenses (approx.)124 Cr192 Cr280 Cr338 Cr437 Cr623 CrSign in for TTM
EBITDA10 Cr14 Cr32 Cr41 Cr43 Cr45 CrSign in for TTM
OPM %7.7%7.0%10.3%10.8%8.9%6.8%Sign in for TTM
Other income1 Cr0.71 Cr1 Cr0.62 Cr0.90 Cr0.72 CrSign in for TTM
Interest2 Cr2 Cr1 Cr2 Cr4 Cr13 CrSign in for TTM
Depreciation4 Cr4 Cr4 Cr4 Cr8 Cr17 CrSign in for TTM
Profit before tax5 Cr10 Cr28 Cr35 Cr31 Cr16 CrSign in for TTM
Tax %31.6%25.4%25.9%25.7%26.2%26.0%Sign in for TTM
Net profit4 Cr7 Cr21 Cr26 Cr23 Cr12 CrSign in for TTM
EPS (₹)₹2.31₹4.66₹13.19₹16.56₹14.65₹7.73Sign in for TTM
Dividend payout %—25.7%9.1%10.9%13.8%29.2%Sign in for TTM
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Trailing twelve months totals and margin rows

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital16 Cr16 Cr16 Cr16 Cr16 Cr16 Cr
Reserves40 Cr46 Cr65 Cr88 Cr108 Cr117 Cr
Borrowings——3 Cr25 Cr82 Cr151 Cr
Other liabilities——75 Cr82 Cr162 Cr224 Cr
Total liabilities——159 Cr211 Cr368 Cr508 Cr
Fixed assets (net)——29 Cr47 Cr128 Cr132 Cr
CWIP——0.14 Cr12 Cr6 Cr25 Cr
Investments——5 Cr0.01 Cr0.01 Cr0.01 Cr
Loans & advances——0 Cr0 Cr0 Cr2 Cr
Inventories——52 Cr60 Cr108 Cr148 Cr
Trade receivables——54 Cr65 Cr94 Cr157 Cr
Cash & bank——1 Cr5 Cr0.38 Cr2 Cr
Other assets——19 Cr23 Cr32 Cr42 Cr
Total assets——159 Cr211 Cr368 Cr508 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity—8 Cr24 Cr12 Cr30 Cr-11 Cr
Cash from investing—-5 Cr-14 Cr-9 Cr-83 Cr-40 Cr
Cash from financing—-3 Cr-9 Cr18 Cr49 Cr52 Cr
Net cash flow—0.07 Cr0.79 Cr21 Cr-5 Cr1 Cr
Free cash flow (OCF − Capex)—4 Cr21 Cr-8 Cr-52 Cr-50 Cr

Ratios

Ratios as reported or derived per annual period.

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %12.8%18.7%34.9%28.8%17.1%10.2%
ROE %0.0%0.0%0.0%25.2%18.7%9.2%
Debtor days——62637186
Inventory days——8783114109
Days payable——8575117107
Cash conversion cycle——64716988
Debt / equity0.911.030.040.240.661.14
Current ratio——1.701.721.171.17
Net debt / EBITDA0.000.000.050.501.913.29