Ice Make Refrigeration (NSE:ICEMAKE) Total Assets: ₹5,036 Mil (As of Mar. 2026)

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NSE:ICEMAKE Ice Make Refrigeration Ltd NSE:ICEMAKE
95 GF Score
Price ₹820.20
GF Value ₹1,158.36
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Ice Make Refrigeration Total Assets?

Ice Make Refrigeration NSE:ICEMAKE -0.95% 95 Total Assets is ₹5,036 Mil as of Mar. 2026. 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.

Ice Make Refrigeration's Total Assets for the quarter that ended in Mar. 2026 was ₹5,036 Mil.

During the past 12 months, Ice Make Refrigeration's average Total Assets Growth Rate was 34.10% per year. During the past 3 years, the average Total Assets Growth Rate was 47.60% per year. During the past 5 years, the average Total Assets Growth Rate was 37.80% per year. During the past 10 years, the average Total Assets Growth Rate was 27.10% per year.

During the past 13 years, Ice Make Refrigeration's highest 3-Year average Total Assets Growth Rate was 47.60%. The lowest was 13.70%. And the median was 24.70%.

Total Assets is connected with ROA %. Ice Make Refrigeration's annualized ROA % for the quarter that ended in Mar. 2026 was 8.03%. Total Assets is also linked to Revenue through Asset Turnover. Ice Make Refrigeration's Asset Turnover for the quarter that ended in Mar. 2026 was 0.51.


Ice Make Refrigeration  (NSE:ICEMAKE) Total Assets Explanation

Total Assets is connected with ROA %.

Ice Make Refrigeration's annualized ROA % for the quarter that ended in Mar. 2026 is

ROA %=Net Income (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=404.492/( (0+5035.97)/ 1 )
=404.492/5035.97
=8.03 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Ice Make Refrigeration's Asset Turnover for the quarter that ended in Mar. 2026 is

Asset Turnover
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=2558.464/( (0+5035.97)/ 1 )
=2558.464/5035.97
=0.51

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Ice Make Refrigeration Total Assets Related Terms


Ice Make Refrigeration Total Assets Historical Data

* Premium members only.

The historical data trend for Ice Make Refrigeration's Total 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 Total Assets Chart

Ice Make Refrigeration Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,250.45 1,590.24 2,113.80 3,677.21 5,035.97

Ice Make Refrigeration Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total 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 3,677.21 0.00 4,264.00 0.00 5,035.97
NSE:ICEMAKE
95GF Score
Ice Make Refrigeration Ltd NSE:ICEMAKE
Total Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ice Make Refrigeration Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Ice Make Refrigeration's Total Assets for the fiscal year that ended in Mar. 2026 is calculated as

Total Assets=Total Equity (A: Mar. 2026 )+Total Liabilities (A: Mar. 2026 )
=1326.074+3709.896
=5,036

Ice Make Refrigeration's Total Assets for the quarter that ended in Mar. 2026 is calculated as

Total Assets=Total Equity (Q: Mar. 2026 )+Total Liabilities (Q: Mar. 2026 )
=1326.074+3709.896
=5,036

* 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 Total Assets →
What does a Total Assets of ₹5,036 Mil mean?
Ice Make Refrigeration (NSE:ICEMAKE) has a Total Assets of ₹5,036 Mil as of Mar. 2026. The total amount of assets as recorded on a company's balance sheet. View historical data on Ice Make Refrigeration and its competitors.
Is Ice Make Refrigeration's Total Assets too high?
Ice Make Refrigeration's current Total Assets is ₹5,036 Mil. 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 Total Assets compare to GEV and ETN?
Ice Make Refrigeration's Total Assets of ₹5,036 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 Total Assets for an Industrial Products company?
A good Total Assets depends on the Industrial Products industry context. However, Total 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 Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on Ice Make Refrigeration and its competitors. Ice Make Refrigeration's current Total Assets is ₹5,036 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 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 Total Assets is ₹5,036 Mil. 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 Total Assets calculated?
Total Assets is calculated from a company's financial statements. For Ice Make Refrigeration (NSE:ICEMAKE), the current Total Assets is ₹5,036 Mil 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:

  • Total Assets: ₹5,036 Mil
  • GF Value™: ₹1,158.36 vs. price of ₹820.20 (29.2% below fair value)
  • GF Score™: 95/100 with 6 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.
95GF Score

Get the complete analysis for NSE:ICEMAKE

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

₹820.20
Price
₹1,158.36
GF Value