Ice Make Refrigeration Limited (ICEMAKE) — Tangible Net Worth Ratio
Ice Make Refrigeration Limited (ICEMAKE) has a Tangible Net Worth Ratio of 99.8% as of September 2025. This metric is calculated by deducting intangible assets (Rs1.90 Million) from net assets (Rs1.21 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See ICEMAKE net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Ice Make Refrigeration Limited Tangible Net Worth Ratio (2013–2025)
This chart shows how Ice Make Refrigeration Limited's Tangible Net Worth Ratio has changed across 13 annual periods from 2013 to 2025. As of September 2025, the ratio stands at 99.8%, reflecting net assets of Rs1.21 Billion with intangible assets of Rs1.90 Million INR. See ICEMAKE defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Ice Make Refrigeration Limited (2013–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Ice Make Refrigeration Limited from 2013 to 2025, covering 13 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see ICEMAKE stock market capitalisation.
| Year | Tangible NW Ratio | Net Assets (INR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 99.8% | Rs1.24 Billion | Rs2.52 Million | Rs3.68 Billion | ▼ -0.2 pp |
| 2024 | 100.0% | Rs1.04 Billion | Rs107.00K | Rs2.11 Billion | ▲ +0.0 pp |
| 2023 | 100.0% | Rs811.26 Million | Rs289.00K | Rs1.59 Billion | ▲ +0.1 pp |
| 2022 | 99.9% | Rs616.81 Million | Rs694.00K | Rs1.25 Billion | ▲ +0.3 pp |
| 2021 | 99.6% | Rs563.16 Million | Rs2.06 Million | Rs1.08 Billion | ▼ -0.3 pp |
| 2020 | 99.9% | Rs532.70 Million | Rs308.00K | Rs1.05 Billion | ▲ +0.1 pp |
| 2019 | 99.9% | Rs500.71 Million | Rs599.00K | Rs827.72 Million | ▲ +0.2 pp |
| 2018 | 99.7% | Rs445.96 Million | Rs1.43 Million | Rs814.61 Million | ▲ +0.4 pp |
| 2017 | 99.3% | Rs155.74 Million | Rs1.15 Million | Rs551.95 Million | ▼ -0.1 pp |
| 2016 | 99.4% | Rs103.80 Million | Rs656.00K | Rs386.74 Million | ▼ -0.2 pp |
| 2015 | 99.6% | Rs77.36 Million | Rs317.00K | Rs334.02 Million | ▲ +0.9 pp |
| 2014 | 98.7% | Rs68.02 Million | Rs891.00K | Rs283.56 Million | ▲ +0.6 pp |
| 2013 | 98.1% | Rs46.22 Million | Rs865.00K | Rs209.43 Million | — |