ICE Make Refrigeration Ltd

Fri 4/09/2026,15:56:18 | NSE : ICEMAKE

₹738.60-0.65 (-0.09%)

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Market Data

Essential tool: analyze, trade, manage, decide.

Open

₹ 739.25

Previous Close

₹ 739.25

Volume

7174

Mkt Cap ( ₹ Cr)

₹ 1165.49

High

₹ 743.70

Low

₹ 734.45

52 Week High

₹ 920.00

52 Week Low

₹ 660.30

Book Value Per Share

₹ 84.28

Dividend Yield

₹ 0.30

Face Value

₹₹10.00

What's Your Call?

Collective community sentiment on ICE Make Refrigeration Ltd

Your Vote -

Buy

62.50%

Hold

7.50%

Sell

30.00%

62.50%

40 users have voted

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Option Chain

Analyzes market sentiment, predicts ICE Make Refrigeration Ltd' movement.

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News

Media spotlight triggers stock stock attention, sentiment.

  • ICE Make Refrigerati - Analysts/Institutional Investor Meet/Con. Call Updates

    24 Aug 2026, 5:40PM Ice Make Refrigeration Limited has informed the Exchange about Transcript
  • ICE Make Refrigerati - Copy of Newspaper Publication

    22 Aug 2026, 4:06PM Ice Make Refrigeration Limited has informed the Exchange about Copy of Newspaper Publication
  • ICE Make Refrigerati - Analysts/Institutional Investor Meet/Con. Call Updates

    21 Aug 2026, 10:54AM Ice Make Refrigeration Limited has informed the Exchange about Schedule of meet and Presentation
  • ICE Make Refrigerati - Amendment to AOA/MOA

    19 Aug 2026, 6:15PM Ice Make Refrigeration Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
  • ICE Make Refrigerati - Shareholders meeting

    19 Aug 2026, 4:56PM Ice Make Refrigeration Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on August 19, 2026. Further
  • ICE Make Refrigerati - General Updates

    19 Aug 2026, 12:47PM Ice Make Refrigeration Limited has informed the Exchange about General Updates
  • ICE Make Refrigerati - Updates

    19 Aug 2026, 12:40PM Ice Make Refrigeration Limited has informed the Exchange regarding 'Clarification / Undertaking in relation to the Notice of Extra-Ordinary General Me
  • ICE Make Refrigerati - Shareholders meeting

    19 Aug 2026, 12:30PM Ice Make Refrigeration Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on August 19, 2026
  • ICE Make Refrigerati - Analysts/Institutional Investor Meet/Con. Call Updates

    19 Aug 2026, 11:47AM Ice Make Refrigeration Limited has informed the Exchange about Link of Recording
  • ICE Make Refrigerati - Updates

    14 Aug 2026, 6:09PM Ice Make Refrigeration Limited has informed the Exchange regarding 'Investor Update for the Quarter ended June 30, 2026'.
  • ICE Make Refrigerati - Copy of Newspaper Publication

    14 Aug 2026, 2:51PM Ice Make Refrigeration Limited has informed the Exchange about Copy of Newspaper Publication
  • ICE Make Refrigerati - Analysts/Institutional Investor Meet/Con. Call Updates

    13 Aug 2026, 8:47PM Ice Make Refrigeration Limited has informed the Exchange about Schedule of meet
  • ICE Make Refrigerati - Copy of Newspaper Publication

    13 Aug 2026, 6:12PM Ice Make Refrigeration Limited has informed the Exchange about Copy of Newspaper Publication
  • ICE Make Refrigerati - Appointment

    13 Aug 2026, 6:09PM Ice Make Refrigeration Limited has informed the Exchange regarding Appointment of Ms. M I Prajapati & Associates LLP as Cost Auditor of the company w
  • ICE Make Refrigerati - Record Date

    13 Aug 2026, 5:50PM Ice Make Refrigeration Limited has informed the Exchange that Record date for the purpose of Dividend is 23-Sep-2026.
  • ICE Make Refrigerati - Appointment

    13 Aug 2026, 5:45PM Ice Make Refrigeration Limited has informed the Exchange regarding Appointment of Mr Vipul I. Patel as Managing Director of the company w.e.f. Septemb
  • ICE Make Refrigerati - Appointment

    13 Aug 2026, 5:43PM Ice Make Refrigeration Limited has informed the Exchange regarding Appointment of Mr Rajendra P. Patel as Managing Director of the company w.e.f. Sept
  • ICE Make Refrigerati - Appointment

    13 Aug 2026, 5:41PM Ice Make Refrigeration Limited has informed the Exchange regarding Appointment of Mr Chandrakant P. Patel as Chairman & Managing Director of the compa
  • ICE Make Refrigerati - Outcome of Board Meeting

    13 Aug 2026, 5:33PM Ice Make Refrigeration Limited has informed the Exchange regarding Outcome of Board Meeting held on August 13, 2026.
  • ICE Make Refrigerati - Outcome of Board Meeting

    13 Aug 2026, 5:31PM Ice Make Refrigeration Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
  • ICE Make Refrigerati - Corrigendum

    12 Aug 2026, 4:06PM Ice Make Refrigeration Limited has informed the Exchange regarding Corrigendum to Notice of Extra Ordinary General Meeting to be held on August 19, 20
  • ICE Make Refrigerati - General Updates

    10 Aug 2026, 6:59PM Ice Make Refrigeration Limited has informed the Exchange about General Updates
  • ICE Make Refrigerati - Copy of Newspaper Publication

    26 Jul 2026, 11:27AM Ice Make Refrigeration Limited has informed the Exchange about Copy of Newspaper Publication
  • ICE Make Refrigerati - Shareholders meeting

    25 Jul 2026, 12:43PM Ice Make Refrigeration Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on August 19, 2026
  • ICE Make Refrigerati - Press Release

    24 Jul 2026, 1:05PM Ice Make Refrigeration Limited has informed the Exchange regarding a press release dated July 24, 2026, titled ""Regulation 30 read with schedule III
  • ICE Make Refrigerati - Disclosure under SEBI Takeover Regulations

    24 Jul 2026, 1:00PM Ice Make Refrigeration Limitedÿhas Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India
  • ICE Make Refrigerati - Agreements

    24 Jul 2026, 12:58PM Ice Make Refrigeration Limited has informed the Exchange about Agreements
  • ICE Make Refrigerati - Amendment to AOA/MOA

    24 Jul 2026, 12:55PM Ice Make Refrigeration Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
  • ICE Make Refrigerati - Agreements

    24 Jul 2026, 12:55PM Ice Make Refrigeration Limited has informed the Exchange about Agreements
  • ICE Make Refrigerati - Outcome of Board Meeting

    24 Jul 2026, 12:39PM Ice Make Refrigeration Limited has informed the Exchange regarding Outcome of Board Meeting held on July 24, 2026.
  • ICE Make Refrigerati has submitted to BSE the Shareholding Pattern for the Period Ended June 30, 2026

    16 Jul 2026, 9:00PM As of June 2026, 74.20% is owned by Indian Promoters and 25.80% by Public. <p align=justify> Top five Promoters holding highest number of shares of IC
  • ICE Make Refrigerati - Certificate under SEBI (Depositories and Participants) Regulations, 2018

    8 Jul 2026, 11:39AM Ice Make Refrigeration Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
  • ICE Make Refrigerati - Trading Window

    25 Jun 2026, 10:28AM Ice Make Refrigeration Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regula
  • ICE Make Refrigerati - Analysts/Institutional Investor Meet/Con. Call Updates

    10 Jun 2026, 3:58PM Ice Make Refrigeration Limited has informed the Exchange about Transcript
  • ICE Make Refrigerati - Analysts/Institutional Investor Meet/Con. Call Updates

    4 Jun 2026, 7:44PM Ice Make Refrigeration Limited has informed the Exchange about Link of Recording

Key fundamentals

Evaluate the intrinsic value of ICE Make Refrigeration Ltd stock 

Name March-26 March-25 March-24 March-23 March-22
Assets 285.2259 207.2745 131.0249 86.4732 72.3541
Liabilities 285.2259 207.2745 131.0249 86.4732 72.3541
Equity 15.7797 15.7797 15.7797 15.7797 15.7012
Gross Profit 42.6705 41.702 40.2245 31.3135 14.4386
Net Profit 10.8942 23.2241 26.6172 21.05 8.0999
Cash From Operating Activities -13.5404 30.3873 9.9396 22.3014 8.6898
NPM(%) 1.63 4.92 7.2 6.95 4.04
Revenue 667.3482 471.7929 369.5985 302.6886 200.1671
Expenses 624.6777 430.0909 329.374 271.3751 185.7285
ROE(%) 8.19 17.46 20.01 15.82 6.09

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
2.25 22.5 0.3 835.15
20 Sep 2024 2 20 0.3 645.95
08 Sep 2022 1.2 12 0.3 110.25
16 Sep 2021 1.2 12 0.3 82.8
14 Aug 2018 1 10 0.3 99.55

Peers

Other companies within the same industry or sector that are comparable to ICE Make Refrigeration Ltd

Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
Hatsun Agro Products Ltd 1168.80 0.69 69.95 0.00 1599.11 1.37
Hexagon Nutrition Ltd 67.23 1.22 20.88 0.00 308.64 0.00
Annapurna Swadisht Ltd 140.20 -5.13 8.83 0.00 143.83 0.00
Usher Agro Ltd 1.45 0.00 0.00 0.00 -1401.29 0.00

Company Info

The Company was originally incorporated on March 31, 2009 as a private limited company under the Companies Act, 1956 in the state of Gujarat as "Ic Ice Make Refrigeration Private Limited" vide Certificate of Incorporation issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Subsequently, the name of our Company was changed to `Ice Make Refrigeration Private Limited' vide fresh Certificate of Incorporation pursuant to change of name dated August 04, 2015 issued by Registrar of Companies, Ahmedabad. The shareholders of the Company have vide special resolution passed at the EGM held on August 11, 2017, approved the conversion of the Company into a public limited company and the Company was converted into a public limited company vide Certificate of Incorporation consequent upon conversion to public limited company dated August 29, 2017 issued by the Registrar of Companies, Ahmedabad and the name of the Company was changed to `Ice Make Refrigeration Limited'. Major Events in the Company The timelines of the major events in the history of the Company are set forth hereunder: 2009 - Incorporation of the Company with the name "Ic Ice Make Refrigeration Private Limited" - Takeover of running businesses of M/s Ice Make Refrigeration and M/s Colpan Poly Panel Industries. - Shifting of the manufacturing unit of the Company to land bearing Survey Number 227 and Khata Number 126, Survey Number 226, Dantali Industrial Estate, Gota Vadsar Road, Kalol, Gandhinagar, Gujarat, India - 382721. 2012 - Addition of new business vertical, i.e., Transport Refrigeration at Survey Number 194/1, Dantali Industrial Estate, Gota Vadsar Road, Kalol, Gandhinagar, Gujarat, India - 382721. 2015 - Change of name of our Company from "Ic Ice Make Refrigeration Private Limited" to "Ice Make Refrigeration Private Limited" 2016 -Acquisition of Bharat Refrigerations Private Limited 2017 -Conversion into Public Limited Company Awards, Achievement, Recognition and Certification 2011 -Indian Leadership Award for Industrial Development by All India Achievers Foundation 2013 -Management System of the Company certified to be in accordance with ISO 9001:2015 & BS OHSAS 18001:2007 by Bureau Veritas Certification 2014 -Best Medium Enterprise (Manufacturing) Award by Canara Bank in respect of the Ahmedabad Circle -Skoch Achiever Award-2014 and Skoch Order of Merit for qualifying amongst India's best SMEs - 2014 by Skoch group -Management System of the Company certified to be in accordance with ISO 14001:2004 by Bureau Veritas Certification 2016 -"India SME 100" Award of FY 2015-16 by India SME Forum for scoring in the top 100 in the overall evaluation of financial & non-financial parameters 2017 -CRISIL MSE*1 rating by CRISIL 2021 -ICEMAKE has bagged an Ammonia refrigeration project order for design, engineering, manufacture, supply, installation, testing, commissioning of 4700 MT Butter Cold Storage Facility on turn-key basis, from Panchmahal Dist. Co. Op. Milk Producers Gujarat.  2023  -Purchase of Land for Bharat Refrigerations Private Limited (Our Wholly Owned Subsidiary). for Panel Business.

The Company was originally incorporated on March 31, 2009 as a private limited company under the Companies Act, 1956 in the state of Gujarat as "Ic Ice Make Refrigeration Private Limited" vide Certificate of Incorporation issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Subsequently, the name of our Company was changed to `Ice Make Refrigeration Private Limited' vide fresh Certificate of Incorporation pursuant to change of name dated August 04, 2015 issued by Registrar of Companies, Ahmedabad. The shareholders of the Company have vide special resolution passed at the EGM held on August 11, 2017, approved the conversion of the Company into a public limited company and the Company was converted into a public limited company vide Certificate of Incorporation consequent upon conversion to public limited company dated August 29, 2017 issued by the Registrar of Companies, Ahmedabad and the name of the Company was changed to `Ice Make Refrigeration Limited'. Major Events in the Company The timelines of the major events in the history of the Company are set forth hereunder: 2009 - Incorporation of the Company with the name "Ic Ice Make Refrigeration Private Limited" - Takeover of running businesses of M/s Ice Make Refrigeration and M/s Colpan Poly Panel Industries. - Shifting of the manufacturing unit of the Company to land bearing Survey Number 227 and Khata Number 126, Survey Number 226, Dantali Industrial Estate, Gota Vadsar Road, Kalol, Gandhinagar, Gujarat, India - 382721. 2012 - Addition of new business vertical, i.e., Transport Refrigeration at Survey Number 194/1, Dantali Industrial Estate, Gota Vadsar Road, Kalol, Gandhinagar, Gujarat, India - 382721. 2015 - Change of name of our Company from "Ic Ice Make Refrigeration Private Limited" to "Ice Make Refrigeration Private Limited" 2016 -Acquisition of Bharat Refrigerations Private Limited 2017 -Conversion into Public Limited Company Awards, Achievement, Recognition and Certification 2011 -Indian Leadership Award for Industrial Development by All India Achievers Foundation 2013 -Management System of the Company certified to be in accordance with ISO 9001:2015 & BS OHSAS 18001:2007 by Bureau Veritas Certification 2014 -Best Medium Enterprise (Manufacturing) Award by Canara Bank in respect of the Ahmedabad Circle -Skoch Achiever Award-2014 and Skoch Order of Merit for qualifying amongst India's best SMEs - 2014 by Skoch group -Management System of the Company certified to be in accordance with ISO 14001:2004 by Bureau Veritas Certification 2016 -"India SME 100" Award of FY 2015-16 by India SME Forum for scoring in the top 100 in the overall evaluation of financial & non-financial parameters 2017 -CRISIL MSE*1 rating by CRISIL 2021 -ICEMAKE has bagged an Ammonia refrigeration project order for design, engineering, manufacture, supply, installation, testing, commissioning of 4700 MT Butter Cold Storage Facility on turn-key basis, from Panchmahal Dist. Co. Op. Milk Producers Gujarat.  2023  -Purchase of Land for Bharat Refrigerations Private Limited (Our Wholly Owned Subsidiary). for Panel Business.

Parent Organisation

ICE Make Refrigeration Ltd.

Founded

31/03/2009

Managing Director

Mr.Chandrakant P Patel

NSE Symbol

ICEMAKEEQ

FAQ