Ice Make Refrigeration (NSE:ICEMAKE) Scaled Net Operating Assets: 0.00 (As of Jun. 2026)

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NSE:ICEMAKE Ice Make Refrigeration Ltd NSE:ICEMAKE
90 GF Score
Price ₹738.60
GF Value ₹1,205.46
Valuation Possible Value Trap
! 4 Warning Signs
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What is Ice Make Refrigeration Scaled Net Operating Assets?

Ice Make Refrigeration NSE:ICEMAKE -0.09% 90 Scaled Net Operating Assets is 0.00 as of Jun. 2026. GuruFocus rates NSE:ICEMAKE with a GF Score™ of 90/100 and a GF Value™ of ₹1,205.46 (Possible Value Trap). The stock has 4 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Ice Make Refrigeration's operating assets for the quarter that ended in Jun. 2026 was ₹0 Mil. Ice Make Refrigeration's operating liabilities for the quarter that ended in Jun. 2026 was ₹0 Mil. Ice Make Refrigeration's Total Assets for the quarter that ended in Mar. 2026 was ₹5,036 Mil. Therefore, Ice Make Refrigeration's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was 0.00.


Ice Make Refrigeration Scaled Net Operating Assets Historical Data

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The historical data trend for Ice Make Refrigeration's Scaled Net Operating Assets 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.

Ice Make Refrigeration Scaled Net Operating Assets Chart

Ice Make Refrigeration Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.67 0.64 0.79 0.99 0.76

Ice Make Refrigeration Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

NSE:ICEMAKE vs GEV, ETN, PH: Scaled Net Operating Assets Comparison

For the Specialty Industrial Machinery subindustry, Ice Make Refrigeration's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ice Make Refrigeration's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Ice Make Refrigeration's Scaled Net Operating Assets falls into.


NSE:ICEMAKE
90GF Score
Ice Make Refrigeration Ltd NSE:ICEMAKE
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ice Make Refrigeration Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Ice Make Refrigeration's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(4926.791-2125.84)/3677.213
=0.76

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5035.97 - 109.179
=4926.791

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3709.896 - 853.495 - 730.561
=2125.84

Ice Make Refrigeration's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2026 )
=(Operating Assets (Q: Jun. 2026 )-Operating Liabilities (Q: Jun. 2026 ))/Total Assets (Q: Mar. 2026 )
=(0-0)/5035.97
=0.00

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=0 - 0
=0

* 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.

What does a Scaled Net Operating Assets of 0.00 mean?
Ice Make Refrigeration (NSE:ICEMAKE) has a Scaled Net Operating Assets of 0.00 as of Jun. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Ice Make Refrigeration and its competitors.
Is Ice Make Refrigeration's Scaled Net Operating Assets too high?
Ice Make Refrigeration's current Scaled Net Operating Assets is 0.00. Overall, Ice Make Refrigeration has a GF Score™ of 90/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ice Make Refrigeration's Scaled Net Operating Assets compare to GEV and ETN?
Ice Make Refrigeration's Scaled Net Operating Assets of 0.00 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 Scaled Net Operating Assets for an Industrial Products company?
A good Scaled Net Operating Assets depends on the Industrial Products industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Ice Make Refrigeration and its competitors. Ice Make Refrigeration's current Scaled Net Operating Assets is 0.00. 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 ₹1,205.46, compared to a current price of ₹738.60 — trading 38.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.00. Ice Make Refrigeration's overall GF Score™ is 90/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Ice Make Refrigeration (NSE:ICEMAKE), the current Scaled Net Operating Assets is 0.00 as of Jun. 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 ₹738.60 is trading 38.7% below its estimated GF Value™ of ₹1,205.46. GuruFocus considers Ice Make Refrigeration to be Possible Value Trap.

Key valuation signals for NSE:ICEMAKE:

  • Scaled Net Operating Assets: 0.00
  • GF Value™: ₹1,205.46 vs. price of ₹738.60 (38.7% below fair value)
  • GF Score™: 90/100 with 4 warning signs

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 Business Description

Address 226, Gota-Vadsar Road, Dantali Industrial Estate, Taluka Kalol, Dantali, Near Ahmedabad City, Gandhinagar, GJ, IND, 382721
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.
90GF Score

Get the complete analysis for NSE:ICEMAKE

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹738.60
Price
₹1,205.46
GF Value