Ice Make Refrigeration Limited (ICEMAKE) — Cash Flow Quality Index
Ice Make Refrigeration Limited (ICEMAKE) has a Cash Flow Quality Index of -56.73x as of September 2025. Operating cash flow of Rs-528.16 Million is below net income of Rs9.31 Million, suggesting accrual-heavy earnings not yet converted to cash. Also explore ICEMAKE current and non-current assets for the complete picture of this company's asset base.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Ice Make Refrigeration Limited Cash Flow Quality Index (2013–2025)
Historical Cash Flow Quality Index for Ice Make Refrigeration Limited across 13 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check how tangible is Ice Make Refrigeration Limited's equity to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Ice Make Refrigeration Limited (2013–2025)
Year-by-year earnings quality comparison for Ice Make Refrigeration Limited. For live market cap and the full company financial profile, see ICEMAKE market cap.
| Year | Quality Index | Operating CF (INR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 0.97x | Rs299.75 Million | Rs310.18 Million | ▲ +144.4% |
| 2024 | 0.40x | Rs103.79 Million | Rs262.53 Million | ▼ -54.4% |
| 2023 | 0.87x | Rs243.50 Million | Rs280.78 Million | ▲ +2.5% |
| 2022 | 0.85x | Rs83.12 Million | Rs98.19 Million | ▼ -63.8% |
| 2021 | 2.34x | Rs123.55 Million | Rs52.82 Million | ▲ +2089.0% |
| 2020 | -0.12x | Rs-9.11 Million | Rs77.42 Million | ▼ -115.1% |
| 2019 | 0.78x | Rs82.03 Million | Rs105.50 Million | ▲ +354.2% |
| 2018 | -0.31x | Rs-20.29 Million | Rs66.35 Million | ▼ -120.4% |
| 2017 | 1.50x | Rs74.97 Million | Rs50.00 Million | ▲ +620.3% |
| 2016 | 0.21x | Rs5.50 Million | Rs26.43 Million | ▼ -95.8% |
| 2015 | 4.96x | Rs46.31 Million | Rs9.34 Million | ▲ +1165.2% |
| 2014 | -0.47x | Rs-4.14 Million | Rs8.90 Million | ▼ -115.1% |
| 2013 | 3.07x | Rs25.50 Million | Rs8.30 Million | — |