ICE Make Peer Comparison

NSE: ICEMAKE

₹749.30

₹6.75 (0.91%)

As on 31-Aug-2026IST

Market cap

₹1,182 Cr

Revenue (TTM)

₹736 Cr

P/E Ratio

98.7

P/B Ratio

Div. Yield

0.3 %

Edit

	ICE Make	Ajax Engineering	Elecon Engineering	GMM Pfaudler	ISGEC Heavy Eng	John Cockerill	Jyoti Cnc	Kirloskar Oil	Lloyds Eng Works	Tega
Market cap (₹ Cr)	1,182	6,574	9,249	4,692	5,828	4,033	22,629	30,558	13,368	11,926
Revenue (₹ Cr)	736	2,111	2,396	3,654	7,458	548	2,191	7,937	1,611	3,059
Net Profit (₹ Cr)	11.94	227.87	236.06	67.93	243.19	11.77	321.72	534.60	193.81	-6.53
Net Margin (%)	1.62	10.52	9.55	1.84	4.12	2.11	14.39	6.69	11.64	-0.21
RoE (%)	9.42	17.40	11.04	9.56	9.88	3.57	16.79	16.32	15.65	0.87
Price to Earnings	98.72	28.85	39.18	62.97	29.75	342.56	70.34	55.95	59.77	564.44
Price-To-Book	9.00	4.54	3.89	3.83	2.12	19.27	10.99	8.25	7.75	3.62

Income Statement (₹ Cr)

	ICE Make	Kirloskar Oil	Jyoti Cnc	Lloyds Eng Works	Tega
Operating Revenue	735.58	7,936.74	2,191.43	1,611.28	3,059.29
Total Income	736.28	7,987.41	2,235.39	1,665.40	3,142.79
Total Expenditure	691.68	6,547.67	1,656.06	1,382.41	2,828.17
EBITDA	43.90	1,389.07	535.37	228.87	231.12
Depreciation	15.03	182.89	53.01	25.98	145.65
EBIT	28.87	1,206.18	482.36	202.89	85.46
Interest	13.57	499.37	82.00	14.85	133.13
Other Income	0.70	50.67	43.96	54.12	83.50
Exceptional Items	0.00	-32.45	0.00	0.00	0.00
Profit before Tax	16.00	725.03	444.32	242.16	35.83
Provision for Tax	4.05	190.43	122.60	48.35	42.36
Profit after Tax	11.94	534.60	321.72	193.81	-6.53

	ICE Make	Kirloskar Oil	Jyoti Cnc	Lloyds Eng Works	Tega
Shareholder's Funds	132.99	3,620.19	2,001.33	1,670.85	3,407.18
Minority Interest	0.03	11.55	0.00	-12.10	22.06
Non-Current Liabilities	86.66	3,377.71	435.62	82.98	186.06
Current Liabilities	284.33	3,899.60	1,178.38	602.79	721.27
Total Liabilities	367.72	10,478.29	2,791.97	--	2,089.00

	ICE Make	Kirloskar Oil	Jyoti Cnc	Lloyds Eng Works	Tega
Non-Current Assets	160.35	5,062.29	847.95	507.30	675.20
Current Assets	333.27	5,428.11	2,657.87	1,668.76	3,400.92
Total Assets	367.72	10,478.29	2,791.97	--	2,089.00
Total Debt*	81.74	5,760.83	496.84	--	261.93
Net Current Assets	48.94	1,528.51	1,479.49	1,065.97	2,679.65
Contingent Liabilities	23.60	120.27	322.37	--	10.09

	ICE Make	Kirloskar Oil	Jyoti Cnc	Lloyds Eng Works	Tega
Cash From Operating Activities	29.97	-739.49	-105.43	--	195.03
Cash Flow from Investing Activities	-83.35	-522.80	-328.96	--	-131.52
Cash from Financing Activities	48.67	1,510.00	145.43	--	-38.02
Net Cash Inflow / Outflow	-4.70	247.71	-288.96	--	25.50

	ICE Make	Kirloskar Oil	Jyoti Cnc	Lloyds Eng Works	Tega
ROCE (%)	20.96	14.51	23.88	--	18.56
ROE (%)	9.42	16.32	16.79	15.65	0.87
ROA (%)	2.74	5.01	10.04	11.54	-0.20
EBIT Margin (%)	3.92	15.20	22.01	12.59	2.79
Net Margin (%)	1.62	6.69	14.39	11.64	-0.21
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

	ICE Make	Kirloskar Oil	Jyoti Cnc	Lloyds Eng Works	Tega
Revenue Growth (%)	45.43	22.88	17.44	55.31	84.88
EBIT Growth (%)	-2.07	15.98	5.61	35.30	-62.75
Net Profit Growth (%)	-32.87	18.37	-4.40	49.92	-103.36
EPS Growth (%)	-33.37	28.45	-4.40	22.17	-88.00
Book Value Growth (%)	19.03	15.23	23.56	--	17.19

	ICE Make	Kirloskar Oil	Jyoti Cnc	Lloyds Eng Works	Tega
Price / Earnings	98.74	53.32	70.34	56.92	442.78
Price / Book Value	9.00	8.23	10.99	7.75	3.62
Dividend Yield (%)	0.30	0.33	0.00	0.29	0.13
EV/EBITDA	28.70	24.62	42.96	56.82	51.17
Market Cap (₹ Cr)	1,420.63	10,448.14	24,050.90	--	9,797.00

	ICE Make	Kirloskar Oil	Jyoti Cnc	Lloyds Eng Works	Tega
Debt to Equity	0.59	0.86	0.20	0.01	0.04
Short term debt to equity ratio	0.20	0.16	0.23	--	0.09
Current Ratio	1.17	1.39	2.26	2.77	4.72
Quick Ratio	0.65	1.20	1.27	2.05	4.11
Interest Coverage	2.18	2.45	6.42	17.31	1.27

	ICE Make	Kirloskar Oil	Jyoti Cnc	Lloyds Eng Works	Tega
Debtors to sales (%)	20.79	12.01	27.34	14.89	14.77
Asset Turnover	1.69	0.74	0.68	0.96	0.95
Receivable days	60.49	37.57	73.86	--	105.62
Inventory Days	63.93	35.61	177.36	--	87.39
Payable days	90.07	73.89	164.19	--	103.84
Cash Conversion Cycle	34.35	-0.72	87.02	--	89.17

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.