IC Electricals Co (NSE:ICELCO) FCF Margin %: -8.54% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:ICELCO IC Electricals Co Ltd NSE:ICELCO
17 GF Score
Price ₹120.55
! 3 Warning Signs
View Full Analysis

What is IC Electricals Co FCF Margin %?

IC Electricals Co NSE:ICELCO +1.35% 17 FCF Margin % is -8.54% as of Mar. 2026. GuruFocus rates NSE:ICELCO with a GF Score™ of 17/100. The stock has 3 warning signs investors should review. Among 1,012 Transportation companies, IC Electricals Co ranks worse than 83% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. IC Electricals Co's Free Cash Flow for the six months ended in Mar. 2026 was ₹-122 Mil. IC Electricals Co's Revenue for the six months ended in Mar. 2026 was ₹1,430 Mil. Therefore, IC Electricals Co's FCF Margin % for the quarter that ended in Mar. 2026 was -8.54%.

As of today, IC Electricals Co's current FCF Yield % is -5.55%.

The historical rank and industry rank for IC Electricals Co's FCF Margin % or its related term are showing as below:

NSE:ICELCO' s FCF Margin % Range Over the Past 10 Years
Min: -8.54   Med: -5.06   Max: 5.17
Current: -8.54

During the past 4 years, the highest FCF Margin % of IC Electricals Co was 5.17%. The lowest was -8.54%. And the median was -5.06%.

NSE:ICELCO's FCF Margin % is ranked worse than
83% of 1012 companies
in the Transportation industry
Industry Median: 4.02 vs NSE:ICELCO: -8.54

IC Electricals Co FCF Margin % Related Terms

IC Electricals Co FCF Margin % Historical Data

* Premium members only.

The historical data trend for IC Electricals Co's FCF Margin % 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.

IC Electricals Co FCF Margin % Chart

IC Electricals Co Annual Data
Trend Mar23 Mar24 Mar25 Mar26
FCF Margin %
5.17 -1.69 -8.43 -8.54

IC Electricals Co Semi-Annual Data
Mar23 Mar24 Mar25 Mar26
FCF Margin % 5.17 -1.69 -8.43 -8.54

NSE:ICELCO vs UNP, CSX, NSC: FCF Margin % Comparison

For the Railroads subindustry, IC Electricals Co's FCF Margin %, along with its competitors' market caps and FCF Margin % 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.

IC Electricals Co FCF Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, IC Electricals Co's FCF Margin % distribution charts can be found below:

* The bar in red indicates where IC Electricals Co's FCF Margin % falls into.


NSE:ICELCO
17GF Score
IC Electricals Co Ltd NSE:ICELCO
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IC Electricals Co FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

IC Electricals Co's FCF Margin for the fiscal year that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (A: Mar. 2026 )/Revenue (A: Mar. 2026 )
=-122.125/1430.415
=-8.54 %

IC Electricals Co's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-122.125/1430.415
=-8.54 %

* 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.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of -8.54% mean?
IC Electricals Co (NSE:ICELCO) has a FCF Margin % of -8.54% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on IC Electricals Co and its competitors. According to the industry distribution chart, IC Electricals Co ranks #840 out of 1012 companies in the Transportation industry, placing it in the top 83%.
Is IC Electricals Co's FCF Margin % too high?
IC Electricals Co's current FCF Margin % is -8.54%. Based on the distribution chart, IC Electricals Co ranks #840 out of 1012 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, IC Electricals Co has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does IC Electricals Co's FCF Margin % compare to UNP and CSX?
According to the Transportation industry distribution chart, IC Electricals Co ranks #840 out of 1012 companies for FCF Margin %. This places IC Electricals Co in the lower half of its industry. The industry median FCF Margin % is 4.02. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Transportation company?
The median FCF Margin % among Transportation companies is 4.02, based on 1,012 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on IC Electricals Co and its competitors. For the Transportation industry, the median FCF Margin % is 4.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IC Electricals Co's current FCF Margin % is -8.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IC Electricals Co stock overvalued right now?
IC Electricals Co (NSE:ICELCO) has a current FCF Margin % of -8.54%. The current FCF Margin % is -8.54%. IC Electricals Co's overall GF Score™ is 17/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For IC Electricals Co (NSE:ICELCO), the current FCF Margin % is -8.54% 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.

IC Electricals Co Business Description

Address 1002-1003, 10th Floor, DLF Tower-A, Jasola, New Delhi, IND, 110025
IC Electricals Co Ltd is engaged in the business of manufacturing of electronic equipment for Railways Application. Its offerings include various electronic products such as regulators, battery chargers, emergency lights, inverters, microprocessor-based control systems, and vigilance control devices, compliant with the latest technical standards. Additionally, the company also manufactures railway components, including alternators, traction motors, and permanent magnet alternators with controllers. The majority of its revenue is derived from the sale of electronic products to government departments and ministries such as Ministry of Railways.
17GF Score

Get the complete analysis for NSE:ICELCO

FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹120.55
Price