Key Metrics of Ideal Ice Cream
About Ideal Ice Cream
Sectors
Company details
- Website
- idealicecream.in
Operational Areas of Ideal Ice Cream
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 18 Jun 2026 | ICRA | Reaffirmed | BBB | A3+ | Stable | ₹65.0 Cr | View |
Credit strengths (ICRA, Jun 2026)
+ Extensive experience and established brand presence
IICPL has over two decades of experience in ice cream manufacturing, resulting in established relationships with customers and suppliers.
+ Strong distribution network
IICPL derives 80-85% of its revenues through its network of more than 40 distributors and over 2,000 retail dealers across Karnataka, South Goa and Kerala.
+ Comfortable financial profile
IICPL’s financial profile has remained comfortable with a gearing of 0.7 times as on March 31, 2026, driven by relatively low debt levels and an improving net worth base.
Credit challenges
− Moderate scale of operations despite healthy growth in revenues
IICPL’s scale of operations remained modest with revenues of Rs. 156.4 crore in FY2026, despite recording a healthy growth of 20.5%, which limits the benefits arising from economies of scale.
− Susceptibility to raw material price volatility and stiff competition in a highly fragmented industry limits pricing flexibility
IICPL’s profit margins remain susceptible to volatility in raw material prices (mainly milk and milk powder), given the limited flexibility amid the stiff competition, as witnessed in FY2026.
Could lead to an upgrade
ICRA could upgrade IICPL’s rating if there is significant increase in revenues and earnings while diversifying its geographic presence and maintaining comfortable debt protection metrics and
Could lead to a downgrade
Negative pressure on the rating could arise in case of a decline in IICPL’s scale of operations due to weak demand or lower earnings or any elongation of working capital intensity or large debt-funded capex weakening its
Agency-reported financials (ICRA, 18 Jun 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹130 Cr | ₹156 Cr |
| PAT | ₹16.70 Cr | ₹17.10 Cr |
| OPBDIT/OI (%) | 27.7% | 22.6% |
| PAT/OI (%) | 12.9% | 10.9% |
| Total outside liabilities/Tangible net worth (times) | 1.00× | 0.90× |
| Total debt/OPBDIT (times) | 1.80× | 2.00× |
| Interest coverage (times) | 6.30× | 10.80× |
| Revenue growth (YoY) | — | 20.5% |
| EBITDA (margin × income) | ₹35.95 Cr | ₹35.35 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹64.71 Cr | ₹70.70 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹5.71 Cr | ₹3.27 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term – Fund-based – Term Loan Long-term – Fund-based – Cash | Term loans | ₹36.7 Cr | ₹28.2 Cr | −23.1% | BBB (Stable) | Reaffirmed | ICRA |
| Credit Short-term – Fund-based | Working capital & bank lines | ₹20.0 Cr | ₹20.0 Cr | 0.0% | BBB (Stable) | Reaffirmed | ICRA |
| Overdraft | Working capital & bank lines | ₹7.51 Cr | ₹5.04 Cr | −32.9% | A3+ | Reaffirmed | ICRA |
| Long-term – Unallocated Limits | Working capital & bank lines | ₹79.0 L | ₹11.7 Cr | 1,384.8% | BBB (Stable) | Reaffirmed | ICRA |
Credit assessment · Manufacturing
Rating Methodology – Manufacturing Companies (Mar 2025) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 61% |
| Information on file | 56% · missing: Annual results history (3+ years), Capex / investment plans, Auditor details, Shareholding pattern |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 57% chance the next rating action is stable or better
- Current rating BBB (investment grade)
- Interest coverage 10.8×
- Working-capital limits 45% utilised on average
- ₹11.73 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
From the report
The capital structure and debt coverage indicators are expected to improve, going forward, with scheduled repayment of debt and improved earnings.
From the report
IICPL has free cash and bank balances of Rs. 11.2 crore as on March 31, 2026.
From the report
The average utilisation of working capital limits stood at around 45% of its sanctioned limits of Rs. 20 crore during the last 12 months ending in May 2026.
From the report
The average utilisation of working capital limits stood at around 45% of its sanctioned limits of Rs. 20 crore during the last 12 months ending in May 2026.
From the report
The company is expected to generate retained cash flows of Rs. 18-22 crore, against which it has scheduled repayment obligations of Rs.7.7 crore in FY2027 and Rs. 5.1 crore in FY2028.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Ideal Ice Cream
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Kwality Wall's (India) |
Ice Cream & Frozen Desserts · Food & Beverages | hul.co.in | — | Mumbai, India |
 Vadilal Industries |
Ice Cream & Frozen Desserts · Food & Beverages | vadilalgroup.com | — | Ahmedabad, India |
 Havmor Ice Cream (Lotte) |
Ice Cream & Frozen Desserts · Food & Beverages | havmor.com | — | India |
 Naturals |
Outlets operated by Kamaths Naturals Pvt. Ltd. | naturalicecreams.in | — | India |
| Havmor Ice Cream |
Ice Cream & Frozen Desserts · Food & Beverages | havmor.com | — | India |
| Part of General Mills. | icecream.com/us/en/brands/haagen-dazs | — | India | |
| Outlets operated by Corner House. | cornerhouse.in | — | India | |
| Ice Cream & Frozen Desserts · Food & Beverages | polarbear.co.in | — | India | |
| Discovered Companies · Other Industries | marbleslab.ca | — | India | |
| S S Enterprises | Ice Cream & Frozen Desserts · Food & Beverages | — | — | Haryana, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
retail
Filings
No filings on record yet.