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Ice Make RefrigerationNSE:ICEMAKE -0.95%95 Days Inventory is 74.48 as of Mar. 2026, which is 28% below its 10-year median of 103.81. GuruFocus rates NSE:ICEMAKE with a GF Score™ of 95/100 and a GF Value™ of ₹1,158.36 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 2,959 Industrial Products companies, Ice Make Refrigeration ranks better than 62.86% on this metric.
The historical rank and industry rank for Ice Make Refrigeration's Days Inventory or its related term are showing as below:
NSE:ICEMAKE'
s Days Inventory Range Over the Past 10 Years
Min: 77.12 Med: 103.81 Max: 152.19
Current: 96.22
During the past 13 years, Ice Make Refrigeration's highest Days Inventory was 152.19. The lowest was 77.12. And the median was 103.81.
NSE:ICEMAKE's Days Inventory is ranked better than 62.86% of 2959
companies
in the Industrial Products industry
Industry Median: 119.47
vs NSE:ICEMAKE: 96.22
Ice Make Refrigeration's Days Inventory
declined
from Mar. 2025 (80.75) to Mar. 2026 (74.48).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Ice Make Refrigeration's Inventory Turnover for the
three
months ended in Mar. 2026 was 1.23.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Ice Make Refrigeration's Inventory-to-Revenue for the
three
months ended in Mar. 2026 was 0.58.
Ice Make Refrigeration (NSE:ICEMAKE) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Ice Make Refrigeration's Inventory Turnover for the
three
months ended in Mar. 2026 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Ice Make Refrigeration's Inventory to Revenue for the
three
months ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Ice Make Refrigeration Days Inventory Related Terms
Ice Make Refrigeration Days Inventory Historical Data
* Premium members only.
The historical data trend for Ice Make Refrigeration's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:ICEMAKE vs GEV, ETN, PH: Days Inventory Comparison
For the Specialty Industrial Machinery subindustry, Ice Make Refrigeration's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ice Make Refrigeration Days Inventory vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ice Make Refrigeration's Days Inventory distribution charts can be found below:
* The bar in red indicates where Ice Make Refrigeration's Days Inventory falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ice Make Refrigeration (NSE:ICEMAKE) has a Days Inventory of 74.48 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Ice Make Refrigeration and its competitors. This is 28% below median its historical median of 103.81. Over the past decade, Ice Make Refrigeration's Days Inventory has ranged from 77.12 to 152.19. According to the industry distribution chart, Ice Make Refrigeration ranks #1099 out of 2959 companies in the Industrial Products industry, placing it in the top 37.1%.
Is Ice Make Refrigeration's Days Inventory too high?
Ice Make Refrigeration's current Days Inventory of 74.48 is 28% below median its 10-year median of 103.81. Over the past 10 years, this metric has ranged from a low of 77.12 to a high of 152.19. The Industrial Products industry median Days Inventory is 119.47. Ice Make Refrigeration's value of 74.48 is 37.7% below this industry median. Based on the distribution chart, Ice Make Refrigeration ranks #1099 out of 2959 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Ice Make Refrigeration has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ice Make Refrigeration's Days Inventory compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Ice Make Refrigeration ranks #1099 out of 2959 companies for Days Inventory. This puts Ice Make Refrigeration in the upper half of its industry. The industry median Days Inventory is 119.47. Ice Make Refrigeration's value of 74.48 is 37.7% below this benchmark. Historically, Ice Make Refrigeration's own Days Inventory has ranged from 77.12 to 152.19 over the past decade. While the company's 10-year median is 103.81 vs. the industry median of 119.47, Ice Make Refrigeration has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for an Industrial Products company?
The median Days Inventory among Industrial Products companies is 119.47, based on 2,959 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ice Make Refrigeration's current Days Inventory of 74.48 is 37.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Ice Make Refrigeration and its competitors. For the Industrial Products industry, the median Days Inventory is 119.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ice Make Refrigeration's current Days Inventory is 74.48, which is 28% below median its own 10-year median of 103.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ice Make Refrigeration stock overvalued right now?
Based on GuruFocus' analysis, Ice Make Refrigeration (NSE:ICEMAKE) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,158.36, compared to a current price of ₹820.20 — trading 29.2% below its estimated fair value. The current Days Inventory is 74.48, which is 28% below median its 10-year median of 103.81 and 37.7% below the Industrial Products industry median of 119.47. Ice Make Refrigeration's overall GF Score™ is 95/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Ice Make Refrigeration (NSE:ICEMAKE), the current Days Inventory is 74.48 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ice Make Refrigeration (NSE:ICEMAKE) Overvalued in 2026?
Based on GuruFocus' analysis, Ice Make Refrigeration stock appears to be undervalued.
The current stock price of ₹820.20 is trading 29.2% below its estimated GF Value™ of ₹1,158.36.
GuruFocus considers Ice Make Refrigeration to be Modestly Undervalued.
Key valuation signals for NSE:ICEMAKE:
Days Inventory: 74.48 (28% below median its 10-year median of 103.81)
GF Value™: ₹1,158.36 vs. price of ₹820.20 (29.2% below fair value)
Industry Position: 37.7% below the Industrial Products median (#1099 of 2959)
No single metric tells the full story. See the NSE:ICEMAKE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ice Make Refrigeration Ltd is a refrigeration equipment manufacturer, engaged in providing cooling solutions. The company's only operating segment is the Manufacturing of Cold Rooms, freezers, Refrigeration Systems, and chilling plants. It serves dairy, ice cream, food processing, agriculture, pharmaceuticals, cold chain, logistics, hospitals, hospitality, retail, and other industries. Its product offering includes Bulk Milk Chiller, Curd Incubation Chamber, Glass Door Display Chiller, Mortuary Chamber, Refrigerated Container, and other related products.
95GF Score
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