Companies›Industrials›Capital Goods›Industrial Manufacturing
NSE:ICEMAKE

ICE MAKE REFRIGERAT LTD

Capital Goods › Industrial Manufacturing
₹640.00
at close · 28 Oct 2026
▼ 2.00 (-0.31%)

Latest filings

  1. Routine compliance certificate for Q2 FY26 dematerialisation · Compliance
  2. Shareholders OK re-appointment of three Managing Directors for 3 years · Management Changes
  3. Ice Make shareholders approve re-appointment of three Managing Directors for 3 years · Management Changes
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

A Industrial Manufacturing company listed on NSE, reporting revenue of ₹736 Cr over the trailing twelve months.

Market Cap
₹1,010 Cr
P / E (TTM)
84.4×
EV / EBITDA
26.0×
Div Yield
0.35%
Growth
37.8%▲
Revenue 5y CAGR
PAT +27.4% · EBITDA +31.9%
Quality
13.2%▲
ROCE (FY26)
ROE 9.1% · margin 6.9%
Leverage
1.14·
Debt / Equity · moderate
Net debt ₹149 Cr
Revenue FY21→FY26
5.0×▲
Margin −0.9 pts
₹135 Cr → ₹668 Cr
Cash conversion
0.72×·
Operating cash ÷ profit · 5 yrs
₹64 Cr on ₹89 Cr
Moves on a normal day
1.09%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 145 Industrial Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#109/130
P/B#91/112
ROCE#98/142
ROE#61/113
Debt / Equity#102/113
EBITDA margin#96/110
Revenue growth#20/114
Profit growth#69/109

Scorecard

Measured from the filed financials, judged against its Industrial Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 38% a year over 5 years
Profit compounding 27% a year over 5 years
Pays out 29% of profit as dividend
Concerns
Carries more debt than its peers — 1.14× equity
higher than 90% of its 113 Industrial Products peers

Charts

How has the market priced it — with filings on the timeline?

ICEMAKE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from ICE MAKE REFRIGERAT LTD's filed financials and exchange disclosures

What does ICE MAKE REFRIGERAT LTD do?

ICE MAKE REFRIGERAT LTD is a Industrial Manufacturing company listed on NSE, trading under the symbol ICEMAKE.

Is ICE MAKE REFRIGERAT LTD profitable?

Yes. Over the trailing twelve months ICE MAKE REFRIGERAT LTD reported a net profit of ₹12 Cr on revenue of ₹736 Cr.

Does ICE MAKE REFRIGERAT LTD pay a dividend?

Yes. The dividend yield is 0.35% at the current price. It paid out 29% of its profit as dividend in FY26.

Is ICE MAKE REFRIGERAT LTD debt-free?

No. It reported borrowings of ₹151 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹149 Cr after cash. Debt stands at 1.14× equity. That is higher than 90% of its 113 Industrial Products peers.

Is ICE MAKE REFRIGERAT LTD expensive compared with its peers?

On trailing P/E, ICE MAKE REFRIGERAT LTD ranks 109 of 130 in Industrial Products — cheaper than 16% of them, against an industry median of 26.7×. This is a position, not a valuation judgement.

How much does the ICE MAKE REFRIGERAT LTD share price move in a day?

On a typical session ICE MAKE REFRIGERAT LTD moves 1.09% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track ICE MAKE REFRIGERAT LTD's announcements?

Every NSE and BSE filing by ICE MAKE REFRIGERAT LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.