ICE Make Refrigeration Ltd.

Financial

	ICE MakeRefrigeratio	Whirlpool Of India	Johnson Controls
Operational Metrics
Financials
5 yr Average ROE	13.79 %	14.72 %	4.09 %
5yr average Equity Multiplier	1.89	1.7	2.75
5yr Average Asset Turnover Ratio	1.57	1.25	1.14
5yr Avg Net Profit Margin	4.49 %	6.83 %	1.39 %
Price to Book	9.3	5.5	5.73
P/E	39.81	97.4	0.0
5yr Avg Cash Conversion Cycle	40.24 Days	-50.51 Days	39.53 Days
Inventory Days	78.91 Days	54.19 Days	120.97 Days
Days Receivable	50.98 Days	17.3 Days	56.06 Days
Days Payable	75.9 Days	134.74 Days	158.6 Days
5yr Average Interest Coverage Ratio	9.65	39.84	13.9
5yr Avg ROCE	20.5 %	16.65 %	5.71 %
5yr Avg Operating Profit Margin	9.51 %	10.55 %	5.67 %
5 yr average Debt to Equity	0.13	0.0	0.16
5yr CAGR Net Profit	22.7 %	-11.77 %	n/a
5yr Average Return on Assets	7.34 %	8.63 %	1.62 %
Shareholdings
Promoter Holding	74.49 %	51.0 %	74.25 %
Share Pledged by Promoters	0.0	0.0	32.32 %
Change in Promoter Holding (3 Yrs)	-0.47 %	-24.0 %	0.0
Change in Mutual Fund Holding (3 Yrs)	0.0	22.84 %	-5.16 %

Business

	ICE MakeRefrigeratio	Whirlpool Of India	Johnson Controls
Product Wise Break-Up	Product Wise Break-Up Cold Room 46.56 Commercial Refrigeration 28.12 Refer Van 10.38 Ammonia 10.21 Industrial Freezer 4.73 Air Conditioner 0 Washing Machine 0 Refrigerator 0 Service Income 0 Home appliances 0 Commercial air conditioners 0 Room air conditioners 0	Product Wise Break-Up Room air conditioners 0 Commercial Refrigeration 0 Home appliances 0 Industrial Freezer 0 Refrigerator 58.0 Air Conditioners 7.0 Commercial air conditioners 0 Cold Room 0 Service Income 0 Washing Machine 25.0 Ammonia 0 Refer Van 0 Others 10.0	Product Wise Break-Up Room Air Conditioners 67.43 Commercial Refrigeration 0 Home Appliances 1.62 Industrial Freezer 0 Refrigerator 0 Air Conditioner 0 Commercial air conditioners 18.1 Cold Room 0 Service Income 5.5 Washing Machine 0 Ammonia 0 Refer Van 0 Others 7.35
Location Wise Break-Up	Location Wise Break-Up West India 63.72 East India 11.52 South India 10.12 North India 7.73 Rest of the World 6.91 India 0	Location Wise Break-Up South India 0 West India 0 India 95.37 Rest of the World 4.63 North India 0 East India 0	Location Wise Break-Up South India 0 West India 0 India 94.96 Rest of the World 5.04 North India 0 East India 0