Ice Make Refrigeration Limited Cash Flow Conversion Efficiency

Latest as of September 2025: -0.437x

Ice Make Refrigeration Limited cash flow conversion efficiency. 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.

Cash Flow Conversion Efficiency of Ice Make Refrigeration Limited (2013–2026)

Cash flow conversion efficiency of Ice Make Refrigeration Limited from 2013 to 2026. This chart illustrates how Ice Make Refrigeration Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data. View current stock price of Ice Make Refrigeration Limited for real-time trading data and today's change.

Ice Make Refrigeration Limited Cash Flow Conversion Ratio Explained

Ice Make Refrigeration Limited cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.

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. Also see Ice Make Refrigeration Limited (ICEMAKE) total market value for the company's overall valuation and market capitalisation.

Company	Cash Flow Conversion Efficiency
Bajaj Healthcare Limited NSE:BAJAJHCARE	0.094x
MDxHealth SA ADR NASDAQ:MDXH	0.192x
Paramount Gold Nevada Corp NYSE MKT:PZG	0.070x
GalaxiaMoneytree Co.Ltd KQ:094480	0.063x
Clal Industries and Beverages Ltd TA:CLBV	-0.001x
Business Alignment Public Company Limited BK:BIZ	-0.101x
ARRAIL GROUP LTD. F:I1D	N/A
Shaver Shop Group Ltd AU:SSG	0.391x

Annual Cash Flow Conversion Efficiency for Ice Make Refrigeration Limited (2013–2026)

The table below shows the annual cash flow conversion efficiency of Ice Make Refrigeration Limited from 2013 to 2026. Review ICEMAKE free cash flow to operating cash ratio to assess how much free cash flow the company generates relative to operating cash flow.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2026-03-31	Rs1.33 Billion ≈ $14.42 Million	Rs-227.50 Million ≈ $-2.46 Million	-0.171x	-170.43%
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

$111.42 Million

Rs10.30 Billion INR

Market Cap Rank

#18568 Global

#998 in India

Share Price

Rs652.90

Change (1 day)

+1.51%

52-Week Range

Rs623.65 - Rs885.95

All Time High

Rs1045.95