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Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Ice Make Refrigeration's Enterprise Value is ₹14,107 Mil.
Ice Make Refrigeration's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₹290 Mil. Therefore, Ice Make Refrigeration's EV-to-EBIT ratio for today is 48.68.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Ice Make Refrigeration (NSE:ICEMAKE) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Ice Make Refrigeration's current Enterprise Value is ₹14,107 Mil.
Ice Make Refrigeration's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹290 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Ice Make Refrigeration's EV-to-EBITDA for today is:
Ice Make Refrigeration's current Enterprise Value is ₹14,107 Mil.
Ice Make Refrigeration's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹460 Mil.
Ice Make Refrigeration's current Enterprise Value is ₹14,107 Mil.
Ice Make Refrigeration's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹6,682 Mil.
Ice Make Refrigeration's current Enterprise Value is ₹14,107 Mil.
Ice Make Refrigeration's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0 Mil.
Ice Make Refrigeration's current Enterprise Value is ₹14,107 Mil.
Ice Make Refrigeration's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0 Mil.
* 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 Enterprise Value Related Terms
Ice Make Refrigeration Enterprise Value Historical Data
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The historical data trend for Ice Make Refrigeration's Enterprise Value 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: Enterprise Value Comparison
For the Specialty Industrial Machinery subindustry, Ice Make Refrigeration's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ice Make Refrigeration's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Ice Make Refrigeration's Enterprise Value falls into.
Ice Make Refrigeration Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Ice Make Refrigeration's Enterprise Value for the fiscal year that 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.
Ice Make Refrigeration (NSE:ICEMAKE) has a Enterprise Value of ₹14,107 Mil as of Jul. 18, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Ice Make Refrigeration and its competitors.
Is Ice Make Refrigeration's Enterprise Value too high?
Ice Make Refrigeration's current Enterprise Value is ₹14,107 Mil. Overall, Ice Make Refrigeration has a GF Score™ of 93/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ice Make Refrigeration's Enterprise Value compare to GEV and ETN?
Ice Make Refrigeration's Enterprise Value of ₹14,107 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Industrial Products company?
A good Enterprise Value depends on the Industrial Products industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Ice Make Refrigeration and its competitors. Ice Make Refrigeration's current Enterprise Value is ₹14,107 Mil. 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 Possible Value Trap. The stock's GF Value™ is ₹1,145.33, compared to a current price of ₹800.80 — trading 30.1% below its estimated fair value. The current Enterprise Value is ₹14,107 Mil. Ice Make Refrigeration's overall GF Score™ is 93/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Ice Make Refrigeration (NSE:ICEMAKE), the current Enterprise Value is ₹14,107 Mil as of Jul. 18, 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 ₹800.80 is trading 30.1% below its estimated GF Value™ of ₹1,145.33.
GuruFocus considers Ice Make Refrigeration to be Possible Value Trap.
Key valuation signals for NSE:ICEMAKE:
Enterprise Value: ₹14,107 Mil
GF Value™: ₹1,145.33 vs. price of ₹800.80 (30.1% below fair value)
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.
93GF Score
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