Ice Make Refrigeration Limited (NSE:ICEMAKE) — Market Cap & Net Worth
Market Cap & Net Worth: Ice Make Refrigeration Limited (ICEMAKE)
Ice Make Refrigeration Limited (NSE:ICEMAKE) has a market capitalization of $117.00 Million (Rs10.82 Billion) as of September 19, 2026. Listed on the NSE stock exchange, this India-based company holds position #18688 globally and #1008 in its home market, demonstrating a -5.53% decrease in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying Ice Make Refrigeration Limited's stock price Rs685.60 by its total outstanding shares 15779735 (15.78 Million). Also see balance sheet size of Ice Make Refrigeration Limited for a full breakdown of the balance sheet.
Ice Make Refrigeration Limited Market Cap History: 2017 to 2026
Ice Make Refrigeration Limited's market capitalization history from 2017 to 2026. Data shows growth from $17.80 Million to $117.00 Million (31.23% CAGR). Also see cash flow conversion of Ice Make Refrigeration Limited for how efficiently the company converts equity into cash flow.
Ice Make Refrigeration Limited Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how Ice Make Refrigeration Limited's valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance. Check ICEMAKE stock price for real-time trading data and today's change.
Latest Price to Sales (P/S) Ratio
0.03x
Ice Make Refrigeration Limited's market cap is 0.03 times its annual revenue
Latest Price to Earnings (P/E) Ratio
0.60x
Ice Make Refrigeration Limited's market cap is 0.60 times its annual earnings
What These Ratios Tell Investors:
- Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
- Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
- Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
- Industry comparison provides context for whether the company is valued higher or lower than peers.
| Year | Market Cap (USD) | Revenue (USD) | Net Income (USD) | P/S Ratio | P/E Ratio |
|---|---|---|---|---|---|
| 2017 | $17.80 Million | $878.93 Million | $50.00 Million | 0.02x | 0.36x |
| 2018 | $11.51 Million | $1.03 Billion | $66.35 Million | 0.01x | 0.17x |
| 2019 | $8.68 Million | $1.32 Billion | $74.80 Million | 0.01x | 0.12x |
| 2020 | $17.48 Million | $1.38 Billion | $50.52 Million | 0.01x | 0.35x |
| 2021 | $12.14 Million | $1.35 Billion | $36.13 Million | 0.01x | 0.34x |
| 2022 | $42.85 Million | $2.06 Billion | $73.20 Million | 0.02x | 0.59x |
| 2023 | $104.93 Million | $3.12 Billion | $208.01 Million | 0.03x | 0.50x |
| 2024 | $127.59 Million | $3.78 Billion | $262.53 Million | 0.03x | 0.49x |
| 2025 | $138.17 Million | $4.80 Billion | $231.10 Million | 0.03x | 0.60x |
Competitor Companies of ICEMAKE by Market Capitalization
Companies near Ice Make Refrigeration Limited in the global market cap rankings as of September 19, 2026. Review Ice Make Refrigeration Limited (ICEMAKE) tangible equity ratio to assess the quality of the company's equity after excluding intangible assets.
Key companies related to Ice Make Refrigeration Limited by market ranking:
- GE Vernova LLC (NYSE:GEV): Ranked #73 globally with a market cap of $252.69 Billion USD.
- Siemens Aktiengesellschaft (XETRA:SIE): Ranked #93 globally with a market cap of $218.11 Billion USD ( €186.56 Billion EUR).
- SIEMENS AG SP. ADR 1/ 1/2 (F:SIEB): Ranked #126 globally with a market cap of $177.31 Billion USD ( €151.67 Billion EUR).
- Eaton Corporation PLC (NYSE:ETN): Ranked #144 globally with a market cap of $164.94 Billion USD.
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #73 | GE Vernova LLC | NYSE:GEV | $252.69 Billion | $940.33 |
| #93 | Siemens Aktiengesellschaft | XETRA:SIE | $218.11 Billion | €264.00 |
| #126 | SIEMENS AG SP. ADR 1/ 1/2 | F:SIEB | $177.31 Billion | €119.00 |
| #144 | Eaton Corporation PLC | NYSE:ETN | $164.94 Billion | $424.77 |
Ice Make Refrigeration Limited Historical Marketcap From 2017 to 2026
Between 2017 and today, Ice Make Refrigeration Limited's market cap moved from $17.80 Million to $ 117.00 Million, with a yearly change of 31.23%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | Rs117.00 Million | -15.32% |
| 2025 | Rs138.17 Million | +8.29% |
| 2024 | Rs127.59 Million | +21.59% |
| 2023 | Rs104.93 Million | +144.89% |
| 2022 | Rs42.85 Million | +252.81% |
| 2021 | Rs12.14 Million | -30.52% |
| 2020 | Rs17.48 Million | +101.38% |
| 2019 | Rs8.68 Million | -24.59% |
| 2018 | Rs11.51 Million | -35.33% |
| 2017 | Rs17.80 Million | -- |
End of Day Market Cap According to Different Sources
On Sep 19th, 2026 the market cap of Ice Make Refrigeration Limited was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $117.00 Million USD |
| MoneyControl | $117.00 Million USD |
| MarketWatch | $117.00 Million USD |
| marketcap.company | $117.00 Million USD |
| Reuters | $117.00 Million USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.
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