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ICE MAKE REFRIGERATION
PE (Price/Earnings) Ratio

The Current P/E Ratio of ICE MAKE REFRIGERATION is 39.72.

Share Price ₹515.5Apr 26,2024
Market Cap ₹814.4 Cr
Earnings-TTM₹20.5 CrTTM-Consolidated Results
Price/Earnings39.72xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ICE MAKE REFRIGERATION

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of ICE MAKE REFRIGERATION is calculated as :

Current Market Cap [ ₹814.4 Cr] as on Apr 26,2024

(/) Earnings [ ₹20.5 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 39.72x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for ICE MAKE REFRIGERATION , the investors are currently willing to pay 39.72 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of ICE MAKE REFRIGERATION !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of ICE MAKE REFRIGERATION over the last five years.

Historical PE (Price/Earnings) ratio chart of ICE MAKE REFRIGERATION


PE Ratio Performance Analysis for ICE MAKE REFRIGERATION

- ICE MAKE REFRIGERATION 's latest p/e ratio is 39.72x.

- ICE MAKE REFRIGERATION 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 19.35x.

- ICE MAKE REFRIGERATION 's operated at median p/e ratio of 19.89x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ICE MAKE REFRIGERATION 's p/e ratio peaked in Mar2021 at 28.95x.

- ICE MAKE REFRIGERATION 's p/e ratio hit its five-year low in Mar2020 of 10.32x.


How does ICE MAKE REFRIGERATION 's P/E Ratio benchmark against top 10 peers in Electronics - Components Industry?

Peer Comparison (Electronics - Components Industry)Earnings-TTM (Cr)PE RatioMarket Cap
ICE MAKE REFRIGERATION 20.5039.72814.4
KAYNES TECHNOLOGY INDIA LTD143.43121.4517,420.2
SYRMA SGS TECHNOLOGY LTD121.9969.148,434.4
AVALON TECHNOLOGIES LTD43.6378.363,419.4
DCX SYSTEMS LTD83.9543.033,612.3
APOLLO MICRO SYSTEMS LTD25.39122.073,098.9
IKIO LIGHTING LTD68.9033.752,325.0
CENTUM ELECTRONICS LTD28.6992.402,651.0
WEBSOL ENERGY SYSTEM LTD-71.83-39.712,852.1
SWELECT ENERGY SYSTEMS LTD33.7365.652,214.3
KERNEX MICROSYSTEMS (INDIA) LTD-17.52-51.40900.4

Electronics - Components Industry Benchmark (Top 10) PE Analysis vs ICE MAKE REFRIGERATION 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -51.40x
Max industry PE 122.07x
Median industry PE 65.65x
Average industry PE 52.22x



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