Ice Make Refrigeration Ltd
NSE:ICEMAKE

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Ice Make Refrigeration Ltd
NSE:ICEMAKE
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Price: 785.65 INR -1.96% Market Closed
Market Cap: ₹12.4B

P/OCF

-114.8
Current
216%
Cheaper
vs 3-y average of 98.9

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
-114.8
=
Market Cap
₹12.8B
/
Operating Cash Flow
₹-108m

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
-114.8
=
Market Cap
₹12.8B
/
Operating Cash Flow
₹-108m

Valuation Scenarios

Ice Make Refrigeration Ltd is trading above its 3-year average

If P/OCF returns to its 3-Year Average (98.9), the stock would be worth ₹-676.82 (186% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-186%
Maximum Upside
No Upside Scenarios
Average Downside
156%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple -114.8 ₹785.65
0%
3-Year Average 98.9 ₹-676.82
-186%
5-Year Average 98.9 ₹-676.82
-186%
Industry Average 35.8 ₹-244.77
-131%
Country Average 23 ₹-157.14
-120%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close
Market Cap P/OCF P/E
IN
Ice Make Refrigeration Ltd
NSE:ICEMAKE
12.4B INR -114.8 89.9
JP
Fujitec Co Ltd
TSE:6406
2 720 795.8T JPY 0 0
JP
Ishii Iron Works Co Ltd
TSE:6362
304.2T JPY 281 960.7 363 670.8
JP
Star Micronics Co Ltd
TSE:7718
48T JPY 29.8 29.8
US
Parker-Hannifin Corp
NYSE:PH
123B USD 32.8 34.7
JP
Freund Corp
TSE:6312
16.9T JPY 8 306.9 8 494.3
SE
Atlas Copco AB
STO:ATCO A
915.4B SEK 27.8 34.2
JP
Mitsubishi Heavy Industries Ltd
TSE:7011
15.8T JPY 20.4 56.1
US
Illinois Tool Works Inc
NYSE:ITW
77.7B USD 24.8 25.3
US
Barnes Group Inc
NYSE:B
68.8B USD 8.8 13.5
SE
Sandvik AB
STO:SAND
496.6B SEK 22 33

Market Distribution

Lower than 100% of companies in India
Percentile
0th
Based on 2 204 companies
0th percentile
-114.8
Low
0.5 — 14
Typical Range
14 — 39.7
High
39.7 —
Distribution Statistics
India
Min 0.5
30th Percentile 14
Median 23
70th Percentile 39.7
Max 28 676

Ice Make Refrigeration Ltd
Glance View

Market Cap
12.4B INR
Industry
Machinery

Ice Make Refrigeration Ltd. is a refrigeration equipment manufacturer, which engages in providing cooling solutions. The company is headquartered in Ahmedabad, Gujarat. The company went IPO on 2017-12-08. The firm's products include cold storage, commercial refrigeration, industrial refrigeration, transport refrigeration and ammonia refrigeration. The firm serves a range of industries, such as dairy, ice cream, food processing, agriculture, pharmaceuticals, cold chain, logistics, hospitals, hospitality, retail and others. The firm's manufacturing facilities are located in Ahmedabad (Gujarat) and Chennai (Tamil Nadu). The firm operates under its own brand name, Ice Make, as well as under the brand names of Bharat and TransFreez through its wholly owned subsidiary, Bharat Refrigerations Private Limited.

ICEMAKE Intrinsic Value
586.57 INR
Overvaluation 25%
Intrinsic Value
Price ₹785.65
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