ICEMAKEIndustrial Products
Ice Make Refrigeration Ltd — PE Ratio & Valuation Analysis
₹665.40
-4.36%
Current P/E74.20xPrice to earnings
Industry P/E33.94xSector average
4Y Avg P/E46.6x59.3% above avg
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118.6% Premium to Industry
ICEMAKE P/E 74.20x vs sector avg 33.94x
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Historical PE Ratio
| Year | EPS (₹) | Year-end Price | PE Ratio |
|---|---|---|---|
| 2025 | ₹14.65 | ₹810 | 55.3x |
| 2024 | ₹16.56 | ₹748 | 45.1x |
| 2023 | ₹13.19 | ₹617 | 46.8x |
| 2022 | ₹4.65 | ₹253 | 54.4x |
| 2021 | ₹2.30 | ₹72 | 31.3x |
PE = Year-end closing price ÷ Diluted EPS. Source: NSE/BSE filings.
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Understanding Ice Make Refrigeration Ltd Valuation
Ice Make Refrigeration Ltd (ICEMAKE) currently trades at 74.20x earnings. The Industrial Products sector average PE is 33.94x. ICEMAKE commands a premium, reflecting high growth expectations. Historically, ICEMAKE has traded at an average PE of 46.6x — it is currently above that level. Always evaluate PE alongside earnings growth (PEG ratio), return on equity, debt levels and business quality. A lower PE isn't always better. Educational data only — not investment advice.
ROE
20.30%
Dividend Yield
0.31%
More on Ice Make Refrigeration Ltd
Data from NSE/BSE public filings. Educational purposes only. Bull Run is not SEBI-registered. Not investment advice.