ICE Make Refrigeration Ltd share price logo

ICE Make Refrigeration Ltd

NSE: ICEMAKE

BSE: 535034

Small Cap

₹816.15

+22.60

(+2.85%)

as on

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Tech Chart

ICE Make Refrigeration Stock Performance

as on May 25, 2026 at 9:31 pm IST

  • Day's Low

    Day's High

    ₹793.55
    ₹825.00
    downward going graph

    2.77%

    Downside

    1.08%

    Upside

    downward going graph

  • 52 Week's Low

    52 Week's High

    ₹660.30
    ₹870.00
    downward going graph

    19.10%

    Downside

    6.60%

    Upside

    downward going graph

ICE Make Refrigeration share price movements today

Previous Close
₹793.55
Open
₹797.50
Volume
49.31K
Upper Circuit
₹952.25
Lower Circuit
₹634.85
Day's Low - High
₹793.55 - ₹825.00
52 Week Low - High
₹660.30 - ₹870.00

ICE Make Refrigeration Historical Returns

1 Month Return
-2.25 %
3 Month Return
-1.67 %
1 Year Return
-3.39 %
3 Year Return
+ 137.34 %
5 Year Return
+ 901.96 %

ICE Make Refrigeration Fundamentals

as on May 25, 2026 at 4:01 pm IST

Market Cap

₹1,252.20 Cr

Return on Equity (ROE)

19.61

PE Ratio (TTM)

90.9

Return on capital employed (ROCE)

20.36

Industry PE ratio

56.49

Beta (LTM)

1.04

P/B Ratio

11.06

Dividend Yield

0.25

PEG Ratio

-12.04

Quarterly Earnings Growth YOY

-48.4

EPS (TTM)

14.51

Book Value

78.6

ICE Make Refrigeration Stock Valuation

as on May 25, 2026 at 4:01 pm IST

ICE Make Refrigeration in the last 5 years

  • Overview

  • Trends

Lowest (10.33x)

June 19, 2020

Industry (56.49x)

May 22, 2026

Today (90.90x)

May 22, 2026

Highest (96.83x)

February 20, 2026

LowHigh

Today’s Price to Earnings Ratio: 90.90x

ICE Make Refrigeration Technical Analysis

Track how ICE Make Refrigeration technical analysis has moved over time to understand its trends.

1 min
5 min
15 min
30 min
1 day
1 week
1 month

Technicals Summary

Bearish

Neutral

Bullish

Bearish

Moving Averages

Bearish

Neutral

Bullish

Bearish

Oscillators

Bearish

Neutral

Bullish

Bearish

Overall

Bearish12
Bullish1
Neutral2

Oscillators

Name

Value

Action

MACD level (12,26)
-1.13
Bearish
CCI (20)
-189.28
Bullish
RSI (14)
37.96
Neutral
Momentum (10)
-4.75
Bearish
ADI (14)
40.71
Bearish
Ultimate Oscillator (7,14,28)
58.03
Neutral

Moving Averages

Name

Value

Action

SMA (20)
815.83
Bearish
EMA (20)
815.27
Bearish
VWMA (20)
814.86
Bearish
SMA (50)
816.93
Bearish
EMA (50)
816.05
Bearish
SMA (200)
813.29
Bearish
EMA (200)
813.71
Bearish
KAMA (200)
816.01
Bearish
DEMA (200)
817.45
Bearish

ICE Make Refrigeration Ltd vs Peer Comparison

Compare market cap, revenue, PE, and other key metrics of ICE Make Refrigeration with its industry peers.

Company
Analyst View
Market Cap(in ₹ Cr)
5 Year CAGRDebt to Asset Ratio
Net Profit(in ₹ Cr)
Yearly Revenue(in ₹ Cr)
ICE Make Refrigeration Ltd image
ICE Make Refrigeration Ltd
NA1,252.20180.39%0.7122479
LMW Ltd image
LMW Ltd
SELL15,148.4922.8%0.531023,012
Ameya Precision Engineers Ltd image
Ameya Precision Engineers Ltd
NA84.7914.57%0.00438
Marshall Machines Ltd image
Marshall Machines Ltd
NA8.70-15.26%0.00-627
Ishan International Ltd image
Ishan International Ltd
NA14.06-15.29%0.00172
See all

ICE Make Refrigeration Stock’s Investor Sentiment and Interest

Search interest for ICE Make Refrigeration Ltd Stock has increased by 37% in the last 30 days, reflecting an upward trend in search activity.

Time period: to

Change:37% versus previous 30 day period

ICE Make Refrigeration Ltd Quarterly Profit & Loss

Figures in Rupees Crores

Jun 2023
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Sales
79.14
76.89
82.43
139.92
85.23
103.39
110.56
180.35
111.5
147.49
153.36
Other Income
0.17
0.13
0.1
0.23
0.1
0.12
0.22
0.46
0.13
0.09
0.13
Total Income
79.31
77.02
82.52
140.15
85.33
103.5
110.77
180.82
111.63
147.58
153.48
Expenses
70.97
69.31
78.12
119.22
79.19
94.93
103.88
158.97
107.1
137.87
143.45
Operating Profit
8.17
7.58
4.31
20.7
6.04
8.46
6.68
21.38
4.4
9.62
9.91
Operating Profit Margin %
10.32%
9.86%
5.23%
14.79%
7.09%
8.18%
6.04%
11.85%
3.95%
6.52%
6.46%
Profit Before Interest, Tax and Depreciation
8.35
7.71
4.41
20.93
6.13
8.57
6.89
21.85
4.53
9.7
10.04
Interest
0.23
0.7
0.66
0.52
0.45
0.9
1.15
1.63
2.29
2.73
3.85
Depreciation
0.97
1.01
1.03
1.07
0.95
1.04
2.15
4.16
4.08
4.2
4.28
Profit Before Tax
7.15
6
2.72
19.34
4.73
6.63
3.59
16.06
-1.84
2.77
1.91
Tax Paid
1.8
1.51
0.69
5.07
1.09
1.84
0.79
4.4
-0.37
0.75
0.45
Profit After Tax
5.36
4.49
2.02
14.27
3.64
4.79
2.81
11.66
-1.47
2.02
1.45
Total Net profit including share of profit / Loss from associate company
5.36
4.49
2.02
14.27
3.64
4.79
2.81
11.66
-1.47
2.02
1.45
EPS
3.4
2.85
1.28
9.06
2.35
3.05
1.82
7.42
-0.9
1.28
0.93
Actual EPS
3.4
2.85
1.28
9.06
2.35
3.05
1.82
7.42
-0.9
1.28
0.93
Adjusted EPS
3.4
2.85
1.28
9.06
2.35
3.05
1.82
7.42
-0.9
1.28
0.93
Diluted EPS
3.4
2.85
1.28
9.06
2.35
3.05
1.82
7.42
-0.9
1.28
0.93

ICE Make Refrigeration Ltd Annual Profit & Loss

Figures in Rupees Crores

Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Sales
102.77
131.63
137.65
134.65
206.1
312.21
378.38
479.52
Other Income
0.5
0.37
0.5
1.22
0.71
1.12
0.62
0.9
Total Income
103.26
132.01
138.16
135.87
206.8
313.33
379
480.42
Expenses
90.07
117.83
124.17
124.32
191.62
280.09
337.61
436.98
Operating Profit
12.7
13.8
13.48
10.33
14.48
32.12
40.77
42.54
Operating Profit Margin %
12.36%
10.48%
9.79%
7.67%
7.03%
10.29%
10.77%
8.87%
Profit Before Interest, Tax and Depreciation
13.2
14.18
13.99
11.55
15.19
33.23
41.39
43.44
Interest
1.79
1.13
2.29
1.9
1.73
1.25
2.12
4.12
Depreciation
1.66
2.5
4.8
4.37
3.64
3.91
4.08
8.31
Profit Before Tax
9.75
10.55
6.9
5.28
9.82
28.07
35.19
31.01
Tax Paid
3.12
3.07
1.83
1.67
2.5
7.27
9.07
8.11
Profit After Tax
6.63
7.48
5.05
3.61
7.32
20.8
26.14
22.9
Total Net profit including share of profit / Loss from associate company
6.63
7.48
5.05
3.61
7.32
20.8
26.14
22.9
EPS
5.18
4.77
3.22
2.31
4.66
13.19
16.64
14.65
Actual EPS
5.18
4.77
3.22
2.31
4.66
13.19
16.64
14.65
Adjusted EPS
5.18
4.77
3.22
2.31
4.66
13.19
16.64
14.65
Diluted EPS
5.18
4.76
3.22
2.31
4.65
13.19
16.64
14.65

ICE Make Refrigeration Ltd Cash Flow

Figures in Rupees Crores

Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Net Cash from Operating Activities
7.5
-2.03
8.2
-0.91
12.35
8.31
24.35
10.38
29.97
Cash Flow from Investing Activities
-3.85
-3.74
-11.49
-7.39
-3.31
-4.8
-14.28
-23.3
-83.36
Cash Flow from Financing Activities
-0.37
16.33
-9.83
6.13
-9.24
-3.42
-9.26
16.71
48.67
Net Cash Flow
3.27
10.55
-13.13
-2.17
-0.2
0.07
0.79
3.8
-4.7

ICE Make Refrigeration Stock Shareholding Pattern

Numbers in percentages

Jun 2023
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Promoters
74.49%
74.49%
74.49%
74.49%
74.49%
74.49%
74.49%
74.41%
74.4%
74.36%
74.26%
74.2%
DII
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
1.99%
1.64%
FII
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0.11%
0.23%
Public
25.46%
25.46%
25.49%
25.51%
25.5%
25.51%
24.93%
24.39%
24.38%
24.32%
23.64%
23.94%
Total Outstanding Shares
1,57,79,735
1,57,79,735
1,57,79,735
1,57,79,735
1,57,79,735
1,57,79,735
1,57,79,735
1,57,79,735
1,57,79,735
1,57,79,735
1,57,79,735
1,57,79,735
Total Shareholders
11,566
14,481
19,285
22,668
23,225
24,543
24,776
24,632
25,656
25,194
24,249
25,551

ICE Make Refrigeration Corporate Actions

View detailed summary of the earnings and dividend history of ICE Make Refrigeration.

  • ICE Make Refrigeration Ltd Earnings Results

    ICE Make Refrigeration Ltd’s net profit fell -48.78% since last year same period to ₹1.47Cr in the Q3 2025-2026. On a quarterly growth basis, ICE Make Refrigeration Ltd has generated -27.59% fall in its net profits since last 3-months.

    Read More about Earnings Results

  • ICE Make Refrigeration Ltd Dividends May,2025

    In the quarter ending March 2025, ICE Make Refrigeration Ltd has declared dividend of ₹2.25 per share on 17 May 2025 - translating a dividend yield of 0.54%.

    Read More about Dividends

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

    Price Rise

    img

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

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 111.63 Cr → 153.48 Cr (in ₹), with an average increase of 14.1% per quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 23.64% to 23.94% in Mar 2026 quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.11% to 0.23% in Mar 2026 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Apar Industries Ltd has given 67.7% return, outperforming this stock by 71.1%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Apar Industries Ltd has given 367.4% return, outperforming this stock by 230.0%

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 2.03 Cr → 1.47 Cr (in ₹), with an average decrease of 27.6% per quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 74.26% to 74.20% in Mar 2026 quarter

About ICE Make Refrigeration Ltd

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.

Revenue: ₹153.36Cr as on December 2025 (Q3 FY26)
Net Profit: ₹1.45Cr as on December 2025 (Q3 FY26)
Listing date: 08 Dec, 2017
Chairperson Name: Chandrakant P Patel
OrganisationICE Make Refrigeration Ltd
HeadquartersGandhinagar
IndustryEngineering
CEOChandrakant P Patel
E-voting on sharesClick here to vote

FAQs

What is ICE Make Refrigeration share price today?

ICE Make Refrigeration share price today stands at ₹816.15 as on at the close of the market. ICE Make Refrigeration share today touched a day high of ₹825 and a low of ₹793.55.

What is the 52 week high and 52 week low range for ICE Make Refrigeration share?

ICE Make Refrigeration touched a 52 week high of ₹870 and a 52 week low of ₹660.3. ICE Make Refrigeration share price today i.e. is closed at ₹816.15, which is -6.19% down from its 52 week high and 23.60% up from its 52 week low.

What is ICE Make Refrigeration's market capitalisation today?

ICE Make Refrigeration market capitalisation is ₹1,252.20 Cr as on .

How to buy ICE Make Refrigeration shares?

To buy ICE Make Refrigeration shares, you need to follow these steps:

  • Open a Demat account and Trading account on INDmoney
  • Fund your Trading account
  • Search for ICEMAKE or ICE Make Refrigeration Ltd on the INDmoney app to check live prices of the stock
  • Click on Buy or SIP to place an order to invest in ICE Make Refrigeration shares. You can invest by selecting the number of shares or set up a fixed SIP to invest every month or week.

What is ICE Make Refrigeration trading volume today?

ICE Make Refrigeration trading volume is 49.31K as on . This means that 49.31K shares of ICE Make Refrigeration were bought and sold on the stock market during today's trading session.