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ICE MAKE REFRIGERATION
PE (Price/Earnings) Ratio

The Current P/E Ratio of ICE MAKE REFRIGERATION is 96.56.

Share Price ₹835.2May 29,2026
Market Cap ₹1,319.5 Cr
Earnings-TTM₹13.7 CrTTM-Consolidated Results
Price/Earnings96.56xCalculated 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 [ ₹1,319.5 Cr] as on May 29,2026

(/) Earnings [ ₹13.7 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 96.56x ]

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 96.56 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 96.56x.

- ICE MAKE REFRIGERATION 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 31.92x.

- ICE MAKE REFRIGERATION 's operated at median p/e ratio of 28.44x 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 Mar2025 at 61.47x.

- ICE MAKE REFRIGERATION 's p/e ratio hit its five-year low in Mar2023 of 19.89x.


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

Peer Comparison (Engineering - Industrial Equipments Industry)Earnings-TTM (Cr)PE RatioMarket Cap
ICE MAKE REFRIGERATION 13.6796.561,319.5
BHARAT HEAVY ELECTRICALS LTD1,539.2194.23145,045.0
THERMAX LTD720.6782.2959,301.1
KIRLOSKAR OIL ENGINES LTD557.7250.2628,029.2
TRIVENI TURBINE LTD350.7067.2223,573.5
JYOTI CNC AUTOMATION LTD336.0040.3813,566.9
INOX INDIA LTD257.8952.6713,584.1
AZAD ENGINEERING LTD133.5697.2512,989.0
TEGA INDUSTRIES LTD136.5897.0313,252.5
ELECON ENGINEERING COMPANY LTD340.5433.6211,448.9
KRN HEAT EXCHANGER AND REFRIGERATION LTD76.4789.676,856.5

Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs ICE MAKE REFRIGERATION 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 33.62x
Max industry PE 97.25x
Median industry PE 82.29x
Average industry PE 72.83x



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