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Ice Make Refrigeration Limited
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Let's analyse Ice Make Refrigeration Limited together

PenkeI guess you are interested in Ice Make Refrigeration Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Ice Make Refrigeration Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Ice Make Refrigeration Limited (30 sec.)










What can you expect buying and holding a share of Ice Make Refrigeration Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR0.06
When do you have the money?
1 year
How often do you get paid?
60.0%

What is your share worth?

Current worth
INR51.41
Expected worth in 1 year
INR100.70
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR54.09
Return On Investment
11.4%

For what price can you sell your share?

Current Price per Share
INR473.20
Expected price per share
INR395.71 - INR614.95
How sure are you?
50%

1. Valuation of Ice Make Refrigeration Limited (5 min.)




Live pricePrice per Share (EOD)

INR473.20

Intrinsic Value Per Share

INR46.68 - INR334.49

Total Value Per Share

INR98.09 - INR385.90

2. Growth of Ice Make Refrigeration Limited (5 min.)




Is Ice Make Refrigeration Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$9.7m$7.4m$2.3m24.0%

How much money is Ice Make Refrigeration Limited making?

Current yearPrevious yearGrowGrow %
Making money$2.4m$878.4k$1.6m64.8%
Net Profit Margin6.7%3.6%--

How much money comes from the company's main activities?

3. Financial Health of Ice Make Refrigeration Limited (5 min.)




4. Comparing to competitors in the Specialty Industrial Machinery industry (5 min.)




  Industry Rankings (Specialty Industrial Machinery)  


Richest
#684 / 738

Most Revenue
#485 / 738

Most Profit
#412 / 738

Most Efficient
#299 / 738

What can you expect buying and holding a share of Ice Make Refrigeration Limited? (5 min.)

Welcome investor! Ice Make Refrigeration Limited's management wants to use your money to grow the business. In return you get a share of Ice Make Refrigeration Limited.

What can you expect buying and holding a share of Ice Make Refrigeration Limited?

First you should know what it really means to hold a share of Ice Make Refrigeration Limited. And how you can make/lose money.

Speculation

The Price per Share of Ice Make Refrigeration Limited is INR473.20. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Ice Make Refrigeration Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Ice Make Refrigeration Limited, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR51.41. Based on the TTM, the Book Value Change Per Share is INR12.32 per quarter. Based on the YOY, the Book Value Change Per Share is INR3.40 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR1.20 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Ice Make Refrigeration Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.160.0%0.160.0%0.060.0%0.070.0%0.050.0%
Usd Book Value Change Per Share0.150.0%0.150.0%0.040.0%0.060.0%0.060.0%
Usd Dividend Per Share0.010.0%0.010.0%0.010.0%0.010.0%0.010.0%
Usd Total Gains Per Share0.160.0%0.160.0%0.060.0%0.070.0%0.070.0%
Usd Price Per Share3.15-3.15-1.17-1.29-0.76-
Price to Earnings Ratio19.89-19.89-20.93-19.45-11.87-
Price-to-Total Gains Ratio19.39-19.39-21.14-19.70-17.18-
Price to Book Ratio5.10-5.10-2.48-2.59-1.61-
Price-to-Total Gains Ratio19.39-19.39-21.14-19.70-17.18-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share5.6784
Number of shares176
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.010.01
Usd Book Value Change Per Share0.150.06
Usd Total Gains Per Share0.160.07
Gains per Quarter (176 shares)28.5612.05
Gains per Year (176 shares)114.2348.21
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
11010410493938
220208218187886
33031233227117134
44141644636156182
55152156045196230
66162567455235278
77172978864274326
88183390273313374
991937101682352422
101011041113091391470

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%11.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%11.00.00.0100.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%6.00.04.060.0%6.00.05.054.5%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%11.00.00.0100.0%

Fundamentals of Ice Make Refrigeration Limited

About Ice Make Refrigeration Limited

Ice Make Refrigeration Limited engages in manufacture and supply of refrigeration products and equipment in India. The company offers its products under the categories of cold rooms and storage, commercial refrigeration, industrial refrigeration, transport refrigeration, and ammonia refrigeration products. It provides customized cooling solutions to various industries. The company serves dairy, ice cream, food processing, agriculture, pharmaceuticals, cold chain, logistics, hospitals, hospitality, and retail industries. It offers its products under the Ice Make, Bharat, and TransFreez brand names. The company also exports its products. The company was founded in 1989 and is headquartered in Gandhinagar, India.

Fundamental data was last updated by Penke on 2024-03-18 20:15:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is very efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is overpriced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is underpriced.

1.1. Profitability of Ice Make Refrigeration Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Ice Make Refrigeration Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare Ice Make Refrigeration Limited to the Specialty Industrial Machinery industry mean.
  • A Net Profit Margin of 6.7% means that ₹0.07 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Ice Make Refrigeration Limited:

  • The MRQ is 6.7%. The company is making a profit. +1
  • The TTM is 6.7%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ6.7%TTM6.7%0.0%
TTM6.7%YOY3.6%+3.1%
TTM6.7%5Y4.2%+2.5%
5Y4.2%10Y4.1%+0.1%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ6.7%5.5%+1.2%
TTM6.7%5.2%+1.5%
YOY3.6%5.1%-1.5%
5Y4.2%4.5%-0.3%
10Y4.1%4.7%-0.6%
1.1.2. Return on Assets

Shows how efficient Ice Make Refrigeration Limited is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Ice Make Refrigeration Limited to the Specialty Industrial Machinery industry mean.
  • 13.1% Return on Assets means that Ice Make Refrigeration Limited generated ₹0.13 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Ice Make Refrigeration Limited:

  • The MRQ is 13.1%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 13.1%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ13.1%TTM13.1%0.0%
TTM13.1%YOY5.9%+7.2%
TTM13.1%5Y6.8%+6.2%
5Y6.8%10Y6.4%+0.4%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ13.1%1.1%+12.0%
TTM13.1%1.0%+12.1%
YOY5.9%1.1%+4.8%
5Y6.8%1.0%+5.8%
10Y6.4%1.1%+5.3%
1.1.3. Return on Equity

Shows how efficient Ice Make Refrigeration Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Ice Make Refrigeration Limited to the Specialty Industrial Machinery industry mean.
  • 25.6% Return on Equity means Ice Make Refrigeration Limited generated ₹0.26 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Ice Make Refrigeration Limited:

  • The MRQ is 25.6%. Using its investors money, the company is very efficient in making profit. +2
  • The TTM is 25.6%. Using its investors money, the company is very efficient in making profit. +2
Trends
Current periodCompared to+/- 
MRQ25.6%TTM25.6%0.0%
TTM25.6%YOY11.9%+13.8%
TTM25.6%5Y12.9%+12.7%
5Y12.9%10Y16.3%-3.4%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ25.6%2.3%+23.3%
TTM25.6%2.1%+23.5%
YOY11.9%2.2%+9.7%
5Y12.9%2.0%+10.9%
10Y16.3%2.2%+14.1%

1.2. Operating Efficiency of Ice Make Refrigeration Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Ice Make Refrigeration Limited is operating .

  • Measures how much profit Ice Make Refrigeration Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Ice Make Refrigeration Limited to the Specialty Industrial Machinery industry mean.
  • An Operating Margin of 9.4% means the company generated ₹0.09  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Ice Make Refrigeration Limited:

  • The MRQ is 9.4%. The company is operating less efficient.
  • The TTM is 9.4%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ9.4%TTM9.4%0.0%
TTM9.4%YOY5.8%+3.6%
TTM9.4%5Y7.3%+2.1%
5Y7.3%10Y7.6%-0.3%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ9.4%7.9%+1.5%
TTM9.4%4.7%+4.7%
YOY5.8%6.2%-0.4%
5Y7.3%6.2%+1.1%
10Y7.6%5.0%+2.6%
1.2.2. Operating Ratio

Measures how efficient Ice Make Refrigeration Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Specialty Industrial Machinery industry mean).
  • An Operation Ratio of 0.91 means that the operating costs are ₹0.91 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Ice Make Refrigeration Limited:

  • The MRQ is 0.910. The company is less efficient in keeping operating costs low.
  • The TTM is 0.910. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.910TTM0.9100.000
TTM0.910YOY0.943-0.033
TTM0.9105Y0.929-0.020
5Y0.92910Y0.925+0.005
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9101.536-0.626
TTM0.9101.554-0.644
YOY0.9431.550-0.607
5Y0.9291.525-0.596
10Y0.9251.248-0.323

1.3. Liquidity of Ice Make Refrigeration Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Ice Make Refrigeration Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Specialty Industrial Machinery industry mean).
  • A Current Ratio of 1.70 means the company has ₹1.70 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Ice Make Refrigeration Limited:

  • The MRQ is 1.699. The company is able to pay all its short-term debts. +1
  • The TTM is 1.699. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.699TTM1.6990.000
TTM1.699YOY1.563+0.136
TTM1.6995Y1.658+0.041
5Y1.65810Y1.531+0.127
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6991.679+0.020
TTM1.6991.688+0.011
YOY1.5631.649-0.086
5Y1.6581.740-0.082
10Y1.5311.534-0.003
1.3.2. Quick Ratio

Measures if Ice Make Refrigeration Limited is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Ice Make Refrigeration Limited to the Specialty Industrial Machinery industry mean.
  • A Quick Ratio of 1.14 means the company can pay off ₹1.14 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Ice Make Refrigeration Limited:

  • The MRQ is 1.139. The company is just able to pay all its short-term debts with the most liquid assets.
  • The TTM is 1.139. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ1.139TTM1.1390.000
TTM1.139YOY0.693+0.447
TTM1.1395Y0.856+0.283
5Y0.85610Y0.827+0.029
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1390.724+0.415
TTM1.1390.749+0.390
YOY0.6930.814-0.121
5Y0.8560.858-0.002
10Y0.8270.860-0.033

1.4. Solvency of Ice Make Refrigeration Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Ice Make Refrigeration Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Ice Make Refrigeration Limited to Specialty Industrial Machinery industry mean.
  • A Debt to Asset Ratio of 0.49 means that Ice Make Refrigeration Limited assets are financed with 49.0% credit (debt) and the remaining percentage (100% - 49.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Ice Make Refrigeration Limited:

  • The MRQ is 0.490. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.490. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.490TTM0.4900.000
TTM0.490YOY0.507-0.017
TTM0.4905Y0.468+0.022
5Y0.46810Y0.577-0.109
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4900.499-0.009
TTM0.4900.503-0.013
YOY0.5070.504+0.003
5Y0.4680.497-0.029
10Y0.5770.491+0.086
1.4.2. Debt to Equity Ratio

Measures if Ice Make Refrigeration Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Ice Make Refrigeration Limited to the Specialty Industrial Machinery industry mean.
  • A Debt to Equity ratio of 96.0% means that company has ₹0.96 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Ice Make Refrigeration Limited:

  • The MRQ is 0.960. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.960. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.960TTM0.9600.000
TTM0.960YOY1.027-0.067
TTM0.9605Y0.889+0.071
5Y0.88910Y1.703-0.814
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9600.997-0.037
TTM0.9601.016-0.056
YOY1.0271.016+0.011
5Y0.8891.052-0.163
10Y1.7031.033+0.670

2. Market Valuation of Ice Make Refrigeration Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₹1 in earnings Ice Make Refrigeration Limited generates.

  • Above 15 is considered overpriced but always compare Ice Make Refrigeration Limited to the Specialty Industrial Machinery industry mean.
  • A PE ratio of 19.89 means the investor is paying ₹19.89 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Ice Make Refrigeration Limited:

  • The EOD is 35.897. Based on the earnings, the company is overpriced. -1
  • The MRQ is 19.890. Based on the earnings, the company is fair priced.
  • The TTM is 19.890. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD35.897MRQ19.890+16.006
MRQ19.890TTM19.8900.000
TTM19.890YOY20.931-1.041
TTM19.8905Y19.450+0.441
5Y19.45010Y11.870+7.580
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD35.89719.375+16.522
MRQ19.89018.592+1.298
TTM19.89019.380+0.510
YOY20.93118.029+2.902
5Y19.45021.975-2.525
10Y11.87028.443-16.573
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Ice Make Refrigeration Limited:

  • The EOD is 36.292. Based on how much money comes from the company's main activities, the company is fair priced.
  • The MRQ is 20.109. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 20.109. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD36.292MRQ20.109+16.183
MRQ20.109TTM20.1090.000
TTM20.109YOY35.816-15.707
TTM20.1095Y4.473+15.637
5Y4.47310Y0.211+4.262
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD36.2925.634+30.658
MRQ20.1095.073+15.036
TTM20.1092.621+17.488
YOY35.816-0.130+35.946
5Y4.4730.550+3.923
10Y0.2111.971-1.760
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Ice Make Refrigeration Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Specialty Industrial Machinery industry mean).
  • A PB ratio of 5.10 means the investor is paying ₹5.10 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Ice Make Refrigeration Limited:

  • The EOD is 9.204. Based on the equity, the company is overpriced. -1
  • The MRQ is 5.100. Based on the equity, the company is overpriced. -1
  • The TTM is 5.100. Based on the equity, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD9.204MRQ5.100+4.104
MRQ5.100TTM5.1000.000
TTM5.100YOY2.484+2.616
TTM5.1005Y2.591+2.509
5Y2.59110Y1.615+0.977
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD9.2042.090+7.114
MRQ5.1002.124+2.976
TTM5.1002.181+2.919
YOY2.4842.351+0.133
5Y2.5912.377+0.214
10Y1.6152.932-1.317
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Ice Make Refrigeration Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--12.32312.3230%3.400+262%4.630+166%4.848+154%
Book Value Per Share--51.41151.4110%39.089+32%38.372+34%24.573+109%
Current Ratio--1.6991.6990%1.563+9%1.658+2%1.531+11%
Debt To Asset Ratio--0.4900.4900%0.507-3%0.468+5%0.577-15%
Debt To Equity Ratio--0.9600.9600%1.027-7%0.889+8%1.703-44%
Dividend Per Share--1.1991.1990%1.193+0%1.077+11%0.658+82%
Eps--13.18213.1820%4.639+184%5.611+135%3.831+244%
Free Cash Flow Per Share--13.03913.0390%2.711+381%2.621+397%1.114+1071%
Free Cash Flow To Equity Per Share--7.1647.1640%0.541+1223%-0.628+109%0.724+890%
Gross Profit Margin--0.7950.7950%0.661+20%0.629+26%0.754+5%
Intrinsic Value_10Y_max--334.488--------
Intrinsic Value_10Y_min--46.683--------
Intrinsic Value_1Y_max--12.608--------
Intrinsic Value_1Y_min--2.033--------
Intrinsic Value_3Y_max--53.818--------
Intrinsic Value_3Y_min--8.436--------
Intrinsic Value_5Y_max--114.241--------
Intrinsic Value_5Y_min--17.339--------
Market Cap7466954040.000+45%4137437340.0004137437340.0000%1532208870.000+170%1702156239.000+143%993411013.500+316%
Net Profit Margin--0.0670.0670%0.036+88%0.042+59%0.041+63%
Operating Margin--0.0940.0940%0.058+63%0.073+28%0.076+23%
Operating Ratio--0.9100.9100%0.943-3%0.929-2%0.925-2%
Pb Ratio9.204+45%5.1005.1000%2.484+105%2.591+97%1.615+216%
Pe Ratio35.897+45%19.89019.8900%20.931-5%19.450+2%11.870+68%
Price Per Share473.200+45%262.200262.2000%97.100+170%107.870+143%62.955+316%
Price To Free Cash Flow Ratio36.292+45%20.10920.1090%35.816-44%4.473+350%0.211+9417%
Price To Total Gains Ratio34.996+45%19.39119.3910%21.142-8%19.698-2%17.180+13%
Quick Ratio--1.1391.1390%0.693+64%0.856+33%0.827+38%
Return On Assets--0.1310.1310%0.059+123%0.068+91%0.064+103%
Return On Equity--0.2560.2560%0.119+116%0.129+98%0.163+57%
Total Gains Per Share--13.52113.5210%4.593+194%5.707+137%5.506+146%
Usd Book Value--9735096.0009735096.0000%7401708.000+32%7266000.000+34%4653031.200+109%
Usd Book Value Change Per Share--0.1480.1480%0.041+262%0.056+166%0.058+154%
Usd Book Value Per Share--0.6170.6170%0.469+32%0.460+34%0.295+109%
Usd Dividend Per Share--0.0140.0140%0.014+0%0.013+11%0.008+82%
Usd Eps--0.1580.1580%0.056+184%0.067+135%0.046+244%
Usd Free Cash Flow--2468964.0002468964.0000%513360.000+381%496284.000+397%210931.200+1071%
Usd Free Cash Flow Per Share--0.1560.1560%0.033+381%0.031+397%0.013+1071%
Usd Free Cash Flow To Equity Per Share--0.0860.0860%0.006+1223%-0.008+109%0.009+890%
Usd Market Cap89603448.480+45%49649248.08049649248.0800%18386506.440+170%20425874.868+143%11920932.162+316%
Usd Price Per Share5.678+45%3.1463.1460%1.165+170%1.294+143%0.755+316%
Usd Profit--2496144.0002496144.0000%878436.000+184%1019589.600+145%704332.800+254%
Usd Revenue--37464768.00037464768.0000%24731424.000+51%22133688.000+69%15286495.200+145%
Usd Total Gains Per Share--0.1620.1620%0.055+194%0.068+137%0.066+146%
 EOD+4 -4MRQTTM+0 -0YOY+33 -35Y+29 -710Y+32 -4

3.2. Fundamental Score

Let's check the fundamental score of Ice Make Refrigeration Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1535.897
Price to Book Ratio (EOD)Between0-19.204
Net Profit Margin (MRQ)Greater than00.067
Operating Margin (MRQ)Greater than00.094
Quick Ratio (MRQ)Greater than11.139
Current Ratio (MRQ)Greater than11.699
Debt to Asset Ratio (MRQ)Less than10.490
Debt to Equity Ratio (MRQ)Less than10.960
Return on Equity (MRQ)Greater than0.150.256
Return on Assets (MRQ)Greater than0.050.131
Total8/10 (80.0%)

3.3. Technical Score

Let's check the technical score of Ice Make Refrigeration Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5043.782
Ma 20Greater thanMa 50474.498
Ma 50Greater thanMa 100524.887
Ma 100Greater thanMa 200568.191
OpenGreater thanClose484.200
Total2/5 (40.0%)



Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets1,590,235
Total Liabilities778,977
Total Stockholder Equity811,258
 As reported
Total Liabilities 778,977
Total Stockholder Equity+ 811,258
Total Assets = 1,590,235

Assets

Total Assets1,590,235
Total Current Assets1,238,904
Long-term Assets351,331
Total Current Assets
Cash And Cash Equivalents 12,829
Short-term Investments 141,211
Net Receivables 535,562
Inventory 515,559
Other Current Assets 33,743
Total Current Assets  (as reported)1,238,904
Total Current Assets  (calculated)1,238,904
+/-0
Long-term Assets
Property Plant Equipment 309,622
Goodwill 15,162
Intangible Assets 289
Other Assets 26,258
Long-term Assets  (as reported)351,331
Long-term Assets  (calculated)351,331
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities729,111
Long-term Liabilities49,866
Total Stockholder Equity811,258
Total Current Liabilities
Short-term Debt 9,839
Short Long Term Debt 4,286
Accounts payable 506,857
Other Current Liabilities 178,182
Total Current Liabilities  (as reported)729,111
Total Current Liabilities  (calculated)699,164
+/- 29,947
Long-term Liabilities
Long term Debt 25,394
Capital Lease Obligations Min Short Term Debt9,052
Other Liabilities 12,094
Long-term Liabilities Other 11,084
Long-term Liabilities  (as reported)49,866
Long-term Liabilities  (calculated)57,624
+/- 7,758
Total Stockholder Equity
Common Stock157,797
Retained Earnings 462,211
Total Stockholder Equity (as reported)811,258
Total Stockholder Equity (calculated)620,008
+/- 191,250
Other
Capital Stock157,797
Cash and Short Term Investments 154,040
Common Stock Shares Outstanding 15,766
Current Deferred Revenue34,233
Liabilities and Stockholders Equity 1,590,235
Net Debt 35,742
Net Invested Capital 840,938
Net Tangible Assets 795,807
Net Working Capital 509,793
Property Plant and Equipment Gross 309,622
Short Long Term Debt Total 48,571



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-312013-03-31
> Total Assets 
209,428
283,558
334,021
386,740
548,787
814,608
827,722
1,013,315
1,078,003
1,250,453
1,590,235
1,590,2351,250,4531,078,0031,013,315827,722814,608548,787386,740334,021283,558209,428
   > Total Current Assets 
149,105
203,718
243,449
297,416
421,758
665,181
587,452
696,371
732,086
903,174
1,238,904
1,238,904903,174732,086696,371587,452665,181421,758297,416243,449203,718149,105
       Cash And Cash Equivalents 
22,798
21,882
49,943
42,477
74,145
172,426
40,560
18,313
4,204
4,923
12,829
12,8294,9234,20418,31340,560172,42674,14542,47749,94321,88222,798
       Short-term Investments 
0
0
0
0
0
1,097
487
1,203
21,902
28,534
141,211
141,21128,53421,9021,2034871,09700000
       Net Receivables 
56,201
82,220
84,225
135,865
158,894
227,318
258,742
301,903
327,743
366,935
535,562
535,562366,935327,743301,903258,742227,318158,894135,86584,22582,22056,201
       Other Current Assets 
63,359
93,981
100,160
154,987
187,712
246,379
-3
1
-2
30,797
33,743
33,74330,797-21-3246,379187,712154,987100,16093,98163,359
   > Long-term Assets 
60,323
79,840
90,572
89,324
127,029
149,427
240,270
316,944
345,917
347,279
351,331
351,331347,279345,917316,944240,270149,427127,02989,32490,57279,84060,323
       Property Plant Equipment 
59,063
78,058
88,718
86,458
89,241
122,731
210,667
252,747
289,952
306,501
309,622
309,622306,501289,952252,747210,667122,73189,24186,45888,71878,05859,063
       Goodwill 
0
0
0
0
15,162
15,162
15,162
15,162
15,162
15,162
15,162
15,16215,16215,16215,16215,16215,16215,1620000
       Intangible Assets 
865
891
317
656
1,146
1,427
599
308
2,054
694
289
2896942,0543085991,4271,146656317891865
       Other Assets 
0
-1
602
669
510
10,511
13,842
47,392
38,747
24,920
26,258
26,25824,92038,74747,39213,84210,511510669602-10
> Total Liabilities 
163,213
215,535
256,658
282,943
393,901
368,651
327,010
477,757
514,840
633,644
778,977
778,977633,644514,840477,757327,010368,651393,901282,943256,658215,535163,213
   > Total Current Liabilities 
131,025
163,025
193,723
222,498
336,731
345,411
314,268
442,244
462,015
577,876
729,111
729,111577,876462,015442,244314,268345,411336,731222,498193,723163,025131,025
       Short-term Debt 
50,187
64,527
74,004
87,287
94,192
76,604
20,145
103,756
52,175
63,347
9,839
9,83963,34752,175103,75620,14576,60494,19287,28774,00464,52750,187
       Short Long Term Debt 
0
0
0
0
0
0
20,145
103,756
45,372
56,336
4,286
4,28656,33645,372103,75620,145000000
       Accounts payable 
65,576
73,118
87,797
94,442
163,425
175,247
202,038
222,099
256,008
337,132
506,857
506,857337,132256,008222,099202,038175,247163,42594,44287,79773,11865,576
       Other Current Liabilities 
15,262
25,380
31,922
40,769
79,114
93,560
17,004
5,091
42,929
-1
178,182
178,182-142,9295,09117,00493,56079,11440,76931,92225,38015,262
   > Long-term Liabilities 
32,188
52,510
62,935
60,445
57,170
23,240
12,742
35,513
52,825
55,768
49,866
49,86655,76852,82535,51312,74223,24057,17060,44562,93552,51032,188
       Long term Debt Total 
29,994
43,936
57,104
54,799
56,280
0
0
0
0
0
0
00000056,28054,79957,10443,93629,994
       Other Liabilities 
0
0
0
0
0
402
553
3,488
10,718
8,869
12,094
12,0948,86910,7183,48855340200000
       Deferred Long Term Liability 
0
0
0
0
0
403
0
0
0
0
0
0000040300000
> Total Stockholder Equity
46,216
68,022
77,362
103,796
154,886
445,957
500,712
535,558
563,163
616,809
811,258
811,258616,809563,163535,558500,712445,957154,886103,79677,36268,02246,216
   Common Stock
12,670
14,390
14,390
71,950
71,950
156,720
156,720
156,720
156,720
157,012
157,797
157,797157,012156,720156,720156,720156,72071,95071,95014,39014,39012,670
   Retained Earnings 
16,191
25,097
34,437
31,846
82,936
104,842
160,751
195,047
220,682
272,237
462,211
462,211272,237220,682195,047160,751104,84282,93631,84634,43725,09716,191
   Capital Surplus 00000000000
   Treasury Stock00000000000
   Other Stockholders Equity 
17,355
28,535
28,535
0
0
184,395
183,241
181,301
183,192
-429,249
-620,008
-620,008-429,249183,192181,301183,241184,3950028,53528,53517,355



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue3,122,064
Cost of Revenue-2,196,004
Gross Profit926,060926,060
 
Operating Income (+$)
Gross Profit926,060
Operating Expense-643,971
Operating Income290,326282,089
 
Operating Expense (+$)
Research Development7,606
Selling General Administrative39,097
Selling And Marketing Expenses42,709
Operating Expense643,97189,412
 
Net Interest Income (+$)
Interest Income2,455
Interest Expense-12,508
Other Finance Cost-2,455
Net Interest Income-12,508
 
Pretax Income (+$)
Operating Income290,326
Net Interest Income-12,508
Other Non-Operating Income Expenses0
Income Before Tax (EBT)280,776299,877
EBIT - interestExpense = 280,776
280,775
220,520
Interest Expense12,508
Earnings Before Interest and Taxes (EBIT)293,284293,284
Earnings Before Interest and Taxes (EBITDA)332,347
 
After tax Income (+$)
Income Before Tax280,776
Tax Provision-72,763
Net Income From Continuing Ops208,012208,013
Net Income208,012
Net Income Applicable To Common Shares208,012
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses2,839,975
Total Other Income/Expenses Net-9,55112,508
 

Technical Analysis of Ice Make Refrigeration Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Ice Make Refrigeration Limited. The general trend of Ice Make Refrigeration Limited is BEARISH with 71.4% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Ice Make Refrigeration Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-71.4%) Bearish trend (71.4%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Ice Make Refrigeration Limited.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 526.15 < 560.55 < 614.95.

The bearish price targets are: 434.05 > 395.81 > 395.71.

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Ice Make Refrigeration Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Ice Make Refrigeration Limited. The current mas is .

The long score for the Moving Averages is 2/14.
The longshort score for the Moving Averages is -10/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Ice Make Refrigeration Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Ice Make Refrigeration Limited. The current macd is -13.23010589.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Ice Make Refrigeration Limited price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Ice Make Refrigeration Limited. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Ice Make Refrigeration Limited price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Ice Make Refrigeration Limited Daily Moving Average Convergence/Divergence (MACD) ChartIce Make Refrigeration Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Ice Make Refrigeration Limited. The current adx is 27.95.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -3/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Ice Make Refrigeration Limited shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bearish trend. The ADX is declining, the bearish trend is weakening. Could be a potential reversal to the upside. -2
Ice Make Refrigeration Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Ice Make Refrigeration Limited. The current sar is 451.32.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Ice Make Refrigeration Limited Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Ice Make Refrigeration Limited. The current rsi is 43.78. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending down: The RSI is trending down. -1
Ice Make Refrigeration Limited Daily Relative Strength Index (RSI) ChartIce Make Refrigeration Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Ice Make Refrigeration Limited. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -2/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Ice Make Refrigeration Limited price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Ice Make Refrigeration Limited Daily Stochastic Oscillator ChartIce Make Refrigeration Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Ice Make Refrigeration Limited. The current cci is 10.99.

Ice Make Refrigeration Limited Daily Commodity Channel Index (CCI) ChartIce Make Refrigeration Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Ice Make Refrigeration Limited. The current cmo is -5.31410108.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Ice Make Refrigeration Limited Daily Chande Momentum Oscillator (CMO) ChartIce Make Refrigeration Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Ice Make Refrigeration Limited. The current willr is -47.76517678.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Ice Make Refrigeration Limited is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Ice Make Refrigeration Limited Daily Williams %R ChartIce Make Refrigeration Limited Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Ice Make Refrigeration Limited.

Ice Make Refrigeration Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Ice Make Refrigeration Limited. The current atr is 22.77.

Ice Make Refrigeration Limited Daily Average True Range (ATR) ChartIce Make Refrigeration Limited Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Ice Make Refrigeration Limited. The current obv is 3,088,133.

Ice Make Refrigeration Limited Daily On-Balance Volume (OBV) ChartIce Make Refrigeration Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Ice Make Refrigeration Limited. The current mfi is 36.69.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Ice Make Refrigeration Limited Daily Money Flow Index (MFI) ChartIce Make Refrigeration Limited Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Ice Make Refrigeration Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-09STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-15WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-16BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-22WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-24STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-28STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-30STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-08STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-13SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-14MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-21CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-28CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-02DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-03STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-05DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-08STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-10DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-11DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-12CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-18CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-23DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-01STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-05STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-06SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-09CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-16RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-26MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-27RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-11MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-12RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-03-13STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-20SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-21MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-22DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-03-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-28DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside

6.3. Candlestick Patterns

Ice Make Refrigeration Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Ice Make Refrigeration Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5043.782
Ma 20Greater thanMa 50474.498
Ma 50Greater thanMa 100524.887
Ma 100Greater thanMa 200568.191
OpenGreater thanClose484.200
Total2/5 (40.0%)
Penke

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