Ice Make Refrigeration Limited (ICEMAKE) - 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. See Ice Make Refrigeration Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
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.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Daldrup & Söhne Aktiengesellschaft
F:4DS
|
0.051x |
|
Novem Group S.A.
XETRA:NVM
|
0.229x |
|
Action SA
WAR:ACT
|
0.146x |
|
Peak Minerals Ltd
AU:PUA
|
-1.262x |
|
Origin Property PCL
BK:ORI
|
0.023x |
|
Katmerciler Arac Ustu Ekipman Sanayi ve Ticaret AS
IS:KATMR
|
-0.038x |
|
Unifiedpost Group SA
BR:UPG
|
0.008x |
|
EMC Instytut Medyczny SA
WAR:EMC
|
0.060x |
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. For the full company profile with market capitalisation and key ratios, see Ice Make Refrigeration Limited market capitalisation.
| 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
Ice Make Refrigeration Limited, together with its subsidiaries, manufactures and supplies refrigeration products and equipment under the Ice Make, Bharat, and TransFreez brands in India. The company offers cold storage products, including modular, combi, walk-in, custom-built, and solar cold rooms, as well as blast freezers and chillers, glass door display chillers, ripening chambers, cold room P… Read more