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ICE MAKE REFRIGERATION
PS (Price/Sales) Ratio

The Current P/S Ratio of ICE MAKE REFRIGERATION is 2.12.

Share Price ₹793.6May 22,2026
Market Cap ₹1,253.8 Cr
Sales-TTM₹592.7 CrTTM-Consolidated Results
Price/Sales2.12xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of ICE MAKE REFRIGERATION

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

P/S = Market Capitalization / Sales

or, using per-share numbers:

P/S = Stock Price / Sales Per Share

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

Current Market Cap [ ₹1,253.8 Cr] as on May 22,2026

(/) Sales [ ₹592.7 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 2.12x ]

P/S Ratio indicates 'the multiple of sales' investors are willing to pay to own one share of the company.

Thus, for ICE MAKE REFRIGERATION , the investors are currently willing to pay '2.12 times sales' to own 1 share of the company.

PS Multiples are one of the most widely used valuation multiple in the industry.

P/S ratios can be a reliable benchmark to compare companies with negative earnings or book value.

You may also explore Price to Earnings ratio or Price to Book ratio of ICE MAKE REFRIGERATION !

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

Historical PS (Price/Sales) ratio chart of ICE MAKE REFRIGERATION


PS Ratio Performance Analysis for ICE MAKE REFRIGERATION

- ICE MAKE REFRIGERATION 's latest p/e ratio is 2.12x.

- ICE MAKE REFRIGERATION 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 1.56x.

- ICE MAKE REFRIGERATION 's operated at median p/e ratio of 1.33x 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 2.96x.

- ICE MAKE REFRIGERATION 's p/e ratio hit its five-year low in Mar2022 of 0.74x.


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

Peer Comparison (Engineering - Industrial Equipments Industry)Sales (Cr)PS RatioMarket Cap (Cr)
ICE MAKE REFRIGERATION 592.72.121,253.8
BHARAT HEAVY ELECTRICALS LTD33,782.24.21142,260.0
THERMAX LTD10,686.84.9753,069.8
KIRLOSKAR OIL ENGINES LTD7,701.03.1524,276.3
TRIVENI TURBINE LTD2,181.110.3022,473.6
JYOTI CNC AUTOMATION LTD2,069.77.3415,187.3
INOX INDIA LTD1,587.18.2813,141.7
AZAD ENGINEERING LTD603.021.8413,170.8
TEGA INDUSTRIES LTD1,701.37.0912,053.5
ELECON ENGINEERING COMPANY LTD2,366.15.0611,968.4
KRN HEAT EXCHANGER AND REFRIGERATION LTD600.111.546,924.6

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

Top 10 Industry PeersPS Ratio
Min industry PS 2.12x
Max industry PS 21.84x
Median industry PS 7.09x
Average industry PS 7.81x



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