ICE Make Refrigeration Ltd share price logo

ICE Make Refrigeration Ltd (ICEMAKE)

₹757.152.03%

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Overview
News
Financials
Q1 2024 Results
Technicals

Performance

  • Day's Low

    Day's High

    ₹751.05
    ₹773.3
  • 52 Week's Low

    52 Week's High

    ₹434.05
    ₹945.9
1 Month Return-10.45 %
3 Month Return+ 51.9 %
1 Year Return+ 66.03 %
Previous Close₹772.80
Open₹770.50
Volume28.63K
Upper Circuit-
Lower Circuit-
Market Cap₹1,219.46Cr

Key Statistics

P/E Ratio46.64
PEG Ratio13.8
Market Cap₹1,219.46 Cr
P/B Ratio4.87
EPS13.18

Company Information

Ice Make Refrigeration Limited is a refrigeration equipment manufacturer providing cooling solutions across a variety of industries, such as dairy, ice cream, hospitality, and retail. Founded in 2009, the company has a long history, first starting as two separate companies, by promoters Mr. Chandrakant P. Patel, Mr. Rajendra P. Patel, and Mr. Vipul I. Patel, in 1993 and 1997 respectively, before being consolidated into one entity. The company has since forayed into cold room manufacturing (2002) and industrial refrigeration manufacturing (2003) as well as transport refrigeration manufacturing (2012). In 2016, the company acquired Bharat Refrigerations, a Chennai-based company, now a wholly-owned subsidiary, to expand on its existing cooling solutions and further its services to their customers.

Share Price: ₹757.15 per share as on 19 Jul, 2024 04:01 PM
Market Capitalisation: ₹1,219.46Cr as of today
Revenue: ₹139.92Cr as on March 2024 (Q1 24)
Net Profit: ₹14.27Cr as on March 2024 (Q1 24)
Listing date: 08 Dec, 2017
Chairperson Name: Chandrakant P Patel
OrganisationICE Make Refrigeration Ltd
HeadquartersGandhinagar
IndustryCapital Goods - Electrical Equipment
E-voting on sharesClick here to vote

Key events for ICE Make Refrigeration Ltd

  • Ice Make Refrigeration Ltd CEO bullish as insider control implies growth - 25 Jun, 2024

    Ice Make Refrigeration Ltd's CEO, Chandrakant Patel, is the most bullish insider with significant control over the company's growth. The top 3 shareholders hold 73% of the business, indicating vested interests in its growth.

  • ICE Make Refrigeration Gains on High Trading Volumes - 31 May, 2024

    ICE Make Refrigeration's stock price rose by 10.74% to Rs 715.35, with high-frequency trading and increased trading volumes following the company's Q4FY24 results announcement.

  • ICE Make Refrig Reports Strong Financial Results - 30 May, 2024

    ICE Make Refrig reports a 22.12% YoY increase in net sales, with quarterly net profit up by 64.97%. The company's EPS has also increased from Rs. 5.47 to Rs. 9.02. ICE Make Refrig shares have given returns of 10.66% over the last 6 months and 93.34% over the last 12 months.

Insights on ICE Make Refrigeration Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 25.49% to 25.51% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 77.02 Cr → 140.15 Cr (in ₹), with an average increase of 23.9% per quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 2.02 Cr → 14.3 Cr (in ₹), with an average increase of 85.9% per quarter

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, ICEMAKE has outperformed top 5 stocks with highest market-cap in Electrical Components & Equipment

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Voltas Ltd has given 92.0% return, outperforming this stock by 25.9%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 74.49% of holdings in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 0.02% to 0.00% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, ICEMAKE stock has moved down by -5.7%

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹139.92Cr
↑69.74%
Net Income
₹14.27Cr
↑606.44%
Net Profit Margin
10.20%
↑316.33%
2023Y/Y Change
Revenue
₹312.21Cr
↑51.48%
Net Income
₹20.80Cr
↑184.15%
Net Profit Margin
6.66%
↑87.61%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹158.14Cr
↑28.49%
Total Liabilities
₹73.13Cr
↑26.61%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹22.30Cr
↑156.62%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
74.49%
0.00
Foreign Institutions
0%
0.00
Mutual Funds
0%
0.00
Retail Investors
25.51%
0.00
Others
0%
0.00

Key Indicators

ICE Make Refrigeration Ltd Valuation

ICE Make Refrigeration Ltd in the last 5 years

  • Overview

  • Trends

Lowest (10.33x)

June 19, 2020

Today (46.64x)

July 18, 2024

Industry (168.24x)

July 18, 2024

Highest (55.09x)

June 24, 2024

LowHigh

Earnings and Dividends

  • ICE Make Refrigeration Ltd Earnings Results

    ICE Make Refrigeration Ltd’s net profit jumped 65.7% since last year same period to ₹14.30Cr in the Q4 2023-2024. On a quarterly growth basis, ICE Make Refrigeration Ltd has generated 607.92% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • ICE Make Refrigeration Ltd Dividends May,2023

    In the quarter ending March 2023, ICE Make Refrigeration Ltd has declared dividend of ₹1.80 - translating a dividend yield of 0.23%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Neutral

ICE Make Refrigeration Ltd is currently in a Neutral trading position according to technical analysis indicators.

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ICE Make Refrigeration Ltd (ICEMAKE) share price today is ₹757.15

ICE Make Refrigeration Ltd is listed on NSE

ICE Make Refrigeration Ltd is not listed on BSE

  • Today’s highest price of ICE Make Refrigeration Ltd is ₹773.3.
  • Today’s lowest price of ICE Make Refrigeration Ltd is ₹751.05.

PE Ratio of ICE Make Refrigeration Ltd is 46.64

PE ratio = ICE Make Refrigeration Ltd Market price per share / ICE Make Refrigeration Ltd Earnings per share

Today’s traded volume of ICE Make Refrigeration Ltd(ICEMAKE) is 28.63K.

Today’s market capitalisation of ICE Make Refrigeration Ltd(ICEMAKE) is ₹1219.46Cr.

ICE Make Refrigeration Ltd(ICEMAKEPrice
52 Week High
₹945.9
52 Week Low
₹434.05

ICE Make Refrigeration Ltd(ICEMAKE) share price is ₹757.15. It is down -19.95% from its 52 Week High price of ₹945.9

ICE Make Refrigeration Ltd(ICEMAKE) share price is ₹757.15. It is up 74.44% from its 52 Week Low price of ₹434.05

ICE Make Refrigeration Ltd(ICEMAKEReturns
1 Day Returns
-15.65%
1 Month Returns
-10.45%
3 Month Returns
51.9%
1 Year Returns
66.03%