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Ice Make Refrigeration (NSE:ICEMAKE) Net Current Asset Value : ₹0.00 (As of Dec. 2023)


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What is Ice Make Refrigeration Net Current Asset Value?

In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).

Ice Make Refrigeration's net current asset value per share for the quarter that ended in Dec. 2023 was ₹0.00.

The historical rank and industry rank for Ice Make Refrigeration's Net Current Asset Value or its related term are showing as below:

During the past 11 years, the highest Price-to-Net-Current-Asset-Value Ratio of Ice Make Refrigeration was 13.99. The lowest was 2.90. And the median was 5.35.

NSE:ICEMAKE's Price-to-Net-Current-Asset-Value is not ranked *
in the Industrial Products industry.
Industry Median: 4.36
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Ice Make Refrigeration Net Current Asset Value Historical Data

The historical data trend for Ice Make Refrigeration's Net Current Asset 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.

* Premium members only.

Ice Make Refrigeration Net Current Asset Value Chart

Ice Make Refrigeration Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.19 11.45 13.86 17.17 29.15

Ice Make Refrigeration Quarterly Data
Sep18 Mar19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Current Asset Value 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 - 29.15 - 39.58 -

Competitive Comparison of Ice Make Refrigeration's Net Current Asset Value

For the Specialty Industrial Machinery subindustry, Ice Make Refrigeration's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-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's Price-to-Net-Current-Asset-Value Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ice Make Refrigeration's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Ice Make Refrigeration's Price-to-Net-Current-Asset-Value falls into.



Ice Make Refrigeration Net Current Asset Value Calculation

Ice Make Refrigeration's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Mar. 2023 is calculated as

Net Current Asset Value Per Share(A: Mar. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(1238.904-778.977-0-0)/15.7797
=29.15

Ice Make Refrigeration's Net Current Asset Value (NCAV) per share for the quarter that ended in Dec. 2023 is calculated as

Net Current Asset Value Per Share(Q: Dec. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(0-N/A-0-0)/16.146
=N/A

* 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) Net Current Asset Value Explanation

Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."

The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]

Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham’s strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.


Ice Make Refrigeration Net Current Asset Value Related Terms

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Ice Make Refrigeration (NSE:ICEMAKE) Business Description

Traded in Other Exchanges
N/A
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 being the Manufacturing of Cold Rooms, Freezer, Refrigeration Systems, and chilling Plant. It serves dairy, ice cream, food processing, agriculture, pharmaceuticals, cold chain, logistics, hospitals, hospitality, retail, and other industries. The company's product offering includes Bulk Milk Chiller, Curd Incubation Chamber, Glass Door Display Chiller, Mortuary Chamber, Refrigerated Container, and other related products.

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