Ice Make Refrigeration Limited (ICEMAKE) - Cash Flow Conversion Efficiency

Latest as of September 2025: -0.437x

Based on the latest financial reports, Ice Make Refrigeration Limited (ICEMAKE) has a cash flow conversion efficiency ratio of -0.437x as of September 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (Rs-528.16 Million ≈ $-5.71 Million USD) by net assets (Rs1.21 Billion ≈ $13.06 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. Also see Ice Make Refrigeration Limited market cap and net worth for the company's overall valuation and market capitalisation.

Ice Make Refrigeration Limited - Cash Flow Conversion Efficiency Trend (2013–2025)

This chart illustrates how Ice Make Refrigeration Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data.

Ice Make Refrigeration Limited Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Ice Make Refrigeration Limited ranked by their cash flow conversion efficiency. Explore ICEMAKE cash to earnings ratio to measure how well operating cash flow supports reported net income.

Company	Cash Flow Conversion Efficiency
Eusu Holdings KO:000700	0.037x
Lan Fa Textile Co Ltd TW:1459	0.007x
Orient Technologies Limited NSE:ORIENTTECH	-0.009x
Aardvark Therapeutics, Inc. Common Stock NASDAQ:AARD	-0.151x
Endava plc F:2Y5	0.050x
Gold Resource Corporation NYSE MKT:GORO	-0.013x
Nanexa AB ST:NANEXA	-0.073x
Kulmbacher Brauerei Aktien-Gesellschaft MU:KUL	0.001x

Annual Cash Flow Conversion Efficiency for Ice Make Refrigeration Limited (2013–2025)

The table below shows the annual cash flow conversion efficiency of Ice Make Refrigeration Limited from 2013 to 2025. View today's stock price for Ice Make Refrigeration Limited for real-time trading data and today's change.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-03-31	Rs1.24 Billion ≈ $13.38 Million	Rs299.75 Million ≈ $3.24 Million	0.242x	+142.98%
2024-03-31	Rs1.04 Billion ≈ $11.26 Million	Rs103.79 Million ≈ $1.12 Million	0.100x	-66.77%
2023-03-31	Rs811.26 Million ≈ $8.77 Million	Rs243.50 Million ≈ $2.63 Million	0.300x	+122.73%
2022-03-31	Rs616.81 Million ≈ $6.67 Million	Rs83.12 Million ≈ $898.90K	0.135x	-38.57%
2021-03-31	Rs563.16 Million ≈ $6.09 Million	Rs123.55 Million ≈ $1.34 Million	0.219x	+1383.53%
2020-03-31	Rs532.70 Million ≈ $5.76 Million	Rs-9.11 Million ≈ $-98.47K	-0.017x	-110.43%
2019-03-31	Rs500.71 Million ≈ $5.42 Million	Rs82.03 Million ≈ $887.07K	0.164x	+460.06%
2018-03-31	Rs445.96 Million ≈ $4.82 Million	Rs-20.29 Million ≈ $-219.43K	-0.045x	-109.45%
2017-03-31	Rs155.74 Million ≈ $1.68 Million	Rs74.97 Million ≈ $810.75K	0.481x	+808.13%
2016-03-31	Rs103.80 Million ≈ $1.12 Million	Rs5.50 Million ≈ $59.50K	0.053x	-91.15%
2015-03-31	Rs77.36 Million ≈ $836.64K	Rs46.31 Million ≈ $500.87K	0.599x	+1082.45%
2014-03-31	Rs68.02 Million ≈ $735.63K	Rs-4.14 Million ≈ $-44.83K	-0.061x	-111.05%
2013-03-31	Rs46.22 Million ≈ $499.81K	Rs25.50 Million ≈ $275.74K	0.552x	--

About Ice Make Refrigeration Limited

NSE:ICEMAKE India Specialty Industrial Machinery

Market Cap

$117.00 Million

Rs10.82 Billion INR

Market Cap Rank

#18688 Global

#1008 in India

Share Price

Rs685.60

Change (1 day)

+2.50%

52-Week Range

Rs665.40 - Rs885.95

All Time High

Rs1045.95