ICE Make Refrigeration Ltd share price logo

ICE Make Refrigeration Ltd

NSE: ICEMAKE

Small Cap

₹663.50

+2.50

(+0.38%)

as on

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Tech Chart

What are INDmoney investors doing with ICE Make Refrigeration shares?

Based on platform-user behaviour - not analyst opinion or company fundamentals.

Search interest on INDmoney

-29%

Searches for ICE Make Refrigeration on INDmoney have decreased by 29% over the last 30 days.

Average holding period of indmoney investors

55 days

INDmoney investors hold ICE Make Refrigeration shares for an average of 55 days.

Key Events for ICE Make Refrigeration

Last Dividend Declared

₹2.25 per share, declared on 29/05/2026

View Dividend History

ICE Make Refrigeration Stock Performance

as on October 12, 2026 at 3:57 pm IST

  • Day's Low

    Day's High

    ₹646.00
    ₹668.85
    downward going graph

    2.64%

    Downside

    0.81%

    Upside

    downward going graph

  • 52 Week's Low

    52 Week's High

    ₹602.00
    ₹920.00
    downward going graph

    9.27%

    Downside

    38.66%

    Upside

    downward going graph

ICE Make Refrigeration share price movements today

Previous Close
₹661.00
Open
₹662.95
Volume
1,799.00
Upper Circuit
₹793.20
Lower Circuit
₹528.80
Day's Low - High
₹646.00 - ₹668.85
52 Week Low - High
₹602.00 - ₹920.00

ICE Make Refrigeration Historical Returns

1 Month Return
-4.97 %
3 Month Return
-13.56 %
1 Year Return
-8.23 %
3 Year Return
-5.43 %
5 Year Return
+ 819.97 %

ICE Make Refrigeration Fundamentals

as on October 12, 2026 at 10:27 am IST

Market Cap

₹1,199.54 Cr

Return on Equity (ROE)

8.24

PE Ratio (TTM)

87.2

Return on capital employed (ROCE)

10.68

Industry PE ratio

44.94

Beta (LTM)

0.87

P/B Ratio

7.72

Dividend Yield

0.34

PEG Ratio

-22.89

Quarterly Earnings Growth YOY

12.24

EPS (TTM)

7.69

Book Value

84.28

ICE Make Refrigeration Stock Valuation

as on October 12, 2026 at 10:27 am IST

ICE Make Refrigeration in the last 5 years

  • Overview

  • Trends

Lowest (10.33x)

June 19, 2020

Industry (44.94x)

October 9, 2026

Today (87.20x)

October 9, 2026

Highest (115.95x)

July 22, 2026

LowHigh

Today’s Price to Earnings Ratio: 87.20x

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

Neutral

Overall

Bearish9
Bullish4
Neutral2

Oscillators

Name

Value

Action

MACD level (12,26)
0
Bearish
CCI (20)
-437.6
Bullish
RSI (14)
29.2
Bullish
Momentum (10)
-2.95
Neutral
ADI (14)
28.96
Bearish
Ultimate Oscillator (7,14,28)
58.31
Neutral

Moving Averages

Name

Value

Action

SMA (20)
663
Bearish
EMA (20)
662.42
Bearish
VWMA (20)
662.75
Bearish
SMA (50)
661.87
Bearish
EMA (50)
661.94
Bearish
SMA (200)
657.78
Bullish
EMA (200)
658.89
Bullish
KAMA (200)
661.09
Bearish
DEMA (200)
661.63
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
NA1,199.54163.99%0.7712668
Skipper Ltd Partly Paidup image
Skipper Ltd Partly Paidup
NA0.0021.11%0.00NANA
Taurian MPS Ltd image
Taurian MPS Ltd
NA552.7636.44%0.001699
HVAX Technologies Ltd image
HVAX Technologies Ltd
NA197.168.96%0.6614163
Uniparts India Ltd image
Uniparts India Ltd
NA3,422.988.09%0.581581,170
See all

ICE Make Refrigeration Ltd Quarterly Profit & Loss

Figures in Rupees Crores

Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sales
82.43
139.92
85.23
103.39
110.56
180.35
111.5
147.49
153.36
255.85
178.88
Other Income
0.1
0.23
0.1
0.12
0.22
0.46
0.13
0.09
0.13
0.38
0.11
Total Income
82.52
140.15
85.33
103.5
110.77
180.82
111.63
147.58
153.48
256.23
178.99
Expenses
78.12
119.22
79.19
94.93
103.88
158.97
107.1
137.87
143.45
234.46
175.9
Operating Profit
4.31
20.7
6.04
8.46
6.68
21.38
4.4
9.62
9.91
21.39
2.98
Operating Profit Margin %
5.23%
14.79%
7.09%
8.18%
6.04%
11.85%
3.95%
6.52%
6.46%
8.36%
1.67%
Profit Before Interest, Tax and Depreciation
4.41
20.93
6.13
8.57
6.89
21.85
4.53
9.7
10.04
21.77
3.09
Interest
0.66
0.52
0.45
0.9
1.15
1.63
2.29
2.73
3.85
3.72
3.27
Depreciation
1.03
1.07
0.95
1.04
2.15
4.16
4.08
4.2
4.28
4.49
2.05
Profit Before Tax
2.72
19.34
4.73
6.63
3.59
16.06
-1.84
2.77
1.91
13.56
-2.23
Tax Paid
0.69
5.07
1.09
1.84
0.79
4.4
-0.37
0.75
0.45
3.44
-0.58
Profit After Tax
2.02
14.27
3.64
4.79
2.81
11.66
-1.47
2.02
1.45
10.12
-1.65
Total Net profit including share of profit / Loss from associate company
2.02
14.27
3.64
4.79
2.81
11.66
-1.47
2.02
1.45
10.12
-1.65
EPS
1.28
9.06
2.35
3.05
1.82
7.42
-0.9
1.28
0.93
6.41
-1.04
Actual EPS
1.28
9.06
2.35
3.05
1.82
7.42
-0.9
1.28
0.93
6.41
-1.04
Adjusted EPS
1.28
9.06
2.35
3.05
1.82
7.42
-0.9
1.28
0.93
6.41
-1.04
Diluted EPS
1.28
9.06
2.35
3.05
1.82
7.42
-0.9
1.28
0.93
6.41
-1.04

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
Mar 2026
Sales
102.77
131.63
137.65
134.65
206.1
312.21
378.38
479.52
668.2
Other Income
0.5
0.37
0.5
1.22
0.71
1.12
0.62
0.9
0.72
Total Income
103.26
132.01
138.16
135.87
206.8
313.33
379
480.42
668.92
Expenses
90.07
117.83
124.17
124.32
191.62
280.09
337.61
436.98
622.88
Operating Profit
12.7
13.8
13.48
10.33
14.48
32.12
40.77
42.54
45.32
Operating Profit Margin %
12.36%
10.48%
9.79%
7.67%
7.03%
10.29%
10.77%
8.87%
6.78%
Profit Before Interest, Tax and Depreciation
13.2
14.18
13.99
11.55
15.19
33.23
41.39
43.44
46.04
Interest
1.79
1.13
2.29
1.9
1.73
1.25
2.12
4.12
12.59
Depreciation
1.66
2.5
4.8
4.37
3.64
3.91
4.08
8.31
17.06
Profit Before Tax
9.75
10.55
6.9
5.28
9.82
28.07
35.19
31.01
16.39
Tax Paid
3.12
3.07
1.83
1.67
2.5
7.27
9.07
8.11
4.26
Profit After Tax
6.63
7.48
5.05
3.61
7.32
20.8
26.14
22.9
12.13
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
12.13
EPS
5.18
4.77
3.22
2.31
4.66
13.19
16.64
14.65
7.73
Actual EPS
5.18
4.77
3.22
2.31
4.66
13.19
16.64
14.65
7.73
Adjusted EPS
5.18
4.77
3.22
2.31
4.66
13.19
16.64
14.65
7.73
Diluted EPS
5.18
4.76
3.22
2.31
4.65
13.19
16.64
14.65
7.73

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
Mar 2026
Net Cash from Operating Activities
7.5
-2.03
8.2
-0.91
12.35
8.31
24.35
10.38
29.97
-10.57
Cash Flow from Investing Activities
-3.85
-3.74
-11.49
-7.39
-3.31
-4.8
-14.28
-23.3
-83.36
-40.46
Cash Flow from Financing Activities
-0.37
16.33
-9.83
6.13
-9.24
-3.42
-9.26
16.71
48.67
52.42
Net Cash Flow
3.27
10.55
-13.13
-2.17
-0.2
0.07
0.79
3.8
-4.7
1.4

ICE Make Refrigeration Stock Shareholding Pattern

Numbers in percentages

Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Promoters
74.49%
74.49%
74.49%
74.49%
74.49%
74.41%
74.4%
74.36%
74.26%
74.2%
74.2%
64.52%
DII
0%
0%
0%
0%
0%
0%
0%
0%
1.99%
1.64%
1.38%
0.88%
FII
0%
0%
0%
0%
0%
0%
0%
0%
0.11%
0.23%
0.31%
0.01%
Public
25.49%
25.51%
25.5%
25.51%
24.93%
24.39%
24.38%
24.32%
23.64%
23.94%
24.11%
34.6%
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
1,81,47,308
Total Shareholders
19,285
22,668
23,225
24,543
24,776
24,632
25,656
25,194
24,249
25,551
23,616
22,581

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 -15.49% since last year same period to ₹-1.64Cr in the Q1 2026-2027. On a quarterly growth basis, ICE Make Refrigeration Ltd has generated -116.22% fall in its net profits since last 3-months.

    Read More about Earnings Results

  • ICE Make Refrigeration Ltd Dividends May,2026

    In the quarter ending March 2026, ICE Make Refrigeration Ltd has declared dividend of ₹2.25 per share on 29 May 2026 - translating a dividend yield of 0.34%.

    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 5.2%

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 24.11% to 34.60% in Sep 2026 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Apar Industries Ltd has given 237.8% return, outperforming this stock by 240.5%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Apar Industries Ltd has given 111.4% return, outperforming this stock by 119.6%

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 256.23 Cr → 178.99 Cr (in ₹), with an average decrease of 30.1% per quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 74.20% to 64.52% in Sep 2026 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 0.31% to 0.01% in Sep 2026 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 10.11 Cr → -1.64 Cr (in ₹), with an average decrease of 116.2% per 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: ₹178.88Cr as on June 2026 (Q1 FY27)
Net Profit: ₹-1.65Cr as on June 2026 (Q1 FY27)
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 ₹663.5 as on . ICE Make Refrigeration share today touched a day high of ₹668.85 and a low of ₹646.

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 ₹920 and a 52 week low of ₹602. ICE Make Refrigeration share price today i.e. is trending at ₹663.5, which is -27.88% down from its 52 week high and 10.22% up from its 52 week low.

What is ICE Make Refrigeration's market capitalisation today?

ICE Make Refrigeration market capitalisation is ₹1,199.54 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 1,799.00 as on . This means that 1,799.00 shares of ICE Make Refrigeration were bought and sold on the stock market during today's trading session.