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- Ice Make Refrigeration
Ice Make Refrigeration share price
NSE: ICEMAKECapital GoodsSpecialty Industrial Machinery
Ice Make Refrigeration at a glance
Ice Make Refrigeration (NSE: ICEMAKE) closed at ₹631.20 on 22 Oct 2026, up 0.51% on the day. With a market capitalisation of ₹996 Cr, it ranks 1454th by market cap among the 4,183 NSE companies Pivot tracks (a small-cap company by SEBI's rank bands). It belongs to the Capital Goods sector; its industry is Specialty Industrial Machinery.
At its last close the stock traded at 82× trailing earnings, against a return on equity of 9.2% in FY26. Over the past year the share price has fallen 13.0%. Its 52-week range is ₹602.00 (1 Oct 2026) to ₹920.00 (26 May 2026); the last close is 31.4% below the high. In Q4 FY26, the quarter ended 31 Mar 2026, revenue was ₹256 Cr (+41.9% year on year) and net profit ₹10 Cr (−13.2%), on a consolidated basis. Promoters held 74.20% of the company as of 30 Jun 2026; 8.03% of promoter shares were pledged.
Key numbers
- Market cap
- ₹996 CrRank 1454 on NSE
- P/E (trailing)
- 82×
- Price to book
- 7.9×FY26
- EPS (TTM)
- ₹7.72to Q4 FY26
- ROE
- 9.2%FY26
- ROCE
- 13.2%FY26
- Debt to equity
- 1.13FY26
- Net profit margin
- 1.8%FY26
- Book value / share
- ₹84.28FY26
- 52-week high
- ₹920.0026 May 2026
- 52-week low
- ₹602.001 Oct 2026
- 1-year return
- −13.0%
- RSI (14-day)
- 36.7
Returns to 22 Oct 2026
| Period | 1 day | 1 week | 1 month | 3 months | 1 year |
|---|---|---|---|---|---|
| Price change | +0.51% | −5.7% | −9.3% | −28.3% | −13.0% |
Ice Make Refrigeration quarterly results
| Quarter | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹85 Cr | ₹103 Cr | ₹111 Cr | ₹180 Cr | ₹112 Cr | ₹147 Cr | ₹153 Cr | ₹256 Cr |
| Revenue YoY | +7.7% | +34.5% | +34.1% | +28.9% | +30.8% | +42.7% | +38.7% | +41.9% |
| Net profit | ₹4 Cr | ₹5 Cr | ₹3 Cr | ₹12 Cr | −₹1 Cr | ₹2 Cr | ₹1 Cr | ₹10 Cr |
| Net profit YoY | −32.1% | +6.7% | +39.1% | −18.3% | −140.4% | −57.8% | −48.4% | −13.2% |
| Net margin | 4.3% | 4.6% | 2.5% | 6.5% | −1.3% | 1.4% | 0.9% | 4.0% |
| EPS | ₹2.35 | ₹3.05 | ₹1.82 | ₹7.42 | −₹0.90 | ₹1.28 | ₹0.93 | ₹6.41 |
Ice Make Refrigeration financials
| Item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Revenue | ₹135 Cr | ₹206 Cr | ₹312 Cr | ₹378 Cr | ₹480 Cr | — |
| Operating profit | ₹5 Cr | ₹10 Cr | ₹28 Cr | ₹35 Cr | ₹31 Cr | — |
| Net profit | ₹4 Cr | ₹7 Cr | ₹21 Cr | ₹26 Cr | ₹23 Cr | — |
| EPS (₹) | ₹2.00 | ₹5.00 | ₹13.00 | ₹17.00 | ₹15.00 | — |
| Cash from operations | ₹12 Cr | ₹8 Cr | ₹24 Cr | ₹10 Cr | ₹30 Cr | — |
| Total debt | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹24 Cr | ₹48 Cr | ₹79 Cr |
| Shareholders' equity | ₹56 Cr | ₹62 Cr | ₹81 Cr | ₹104 Cr | ₹124 Cr | ₹133 Cr |
Ice Make Refrigeration shareholding pattern
| Holder | 31 Mar 2025 | 30 Jun 2025 | 30 Sep 2025 | 31 Dec 2025 | 31 Mar 2026 | 30 Jun 2026 |
|---|---|---|---|---|---|---|
| Promoters | 74.41% | 74.40% | 74.36% | 74.26% | 74.20% | 74.20% |
| Foreign institutions | 0.33% | 0.01% | 0.01% | 0.11% | 0.22% | 0.31% |
| Domestic institutions | 0.87% | 1.21% | 1.31% | 1.99% | 1.64% | 1.38% |
| Non-institutions | 24.39% | 24.38% | 24.32% | 23.64% | 23.94% | 24.11% |
| Promoter shares pledged | 4.15% | 7.99% | 7.99% | 7.87% | 7.88% | 8.03% |
Ice Make Refrigeration vs peers
The listed Capital Goods companies nearest to Ice Make Refrigeration by market capitalisation.
| Company | Price | 1 day | 1 year | Market cap | P/E | ROE |
|---|---|---|---|---|---|---|
| ADCINDIAADC India Comm | — | — | — | ₹1,048 Cr | — | — |
| VELJANVeljan Denison | ₹2,313.50 | −2.00% | — | ₹1,041 Cr | — | — |
| ICEMAKEIce Make Refrigeration | ₹631.20 | +0.51% | −13.0% | ₹996 Cr | 82 | — |
| SEPCSEPC | ₹5.05 | +1.00% | −55.9% | ₹982 Cr | 16.8 | — |
| JYOTISTRUCJyoti Structures | ₹8.18 | −2.39% | −39.0% | ₹976 Cr | 17.4 | — |
| MAMATAMamata Machinery | ₹394.10 | +1.16% | −8.5% | ₹970 Cr | 64.3 | — |
| RAJOOENGRajoo Engineers | ₹53.69 | +0.54% | −42.3% | ₹959 Cr | 19.6 | — |
Ask anything about Ice Make Refrigeration
Pivot answers on the live chart with evidence you can check, and tests strategies against ICEMAKE's own history. Try: “Why has ICEMAKE moved over the last three months?” · “Backtest a 50-day moving-average crossover on ICEMAKE over five years” · “Compare ICEMAKE with ADCINDIA on margins and valuation”
Frequently asked questions about Ice Make Refrigeration
What is the share price of Ice Make Refrigeration today?
Ice Make Refrigeration (NSE: ICEMAKE) last closed at ₹631.20 on 22 Oct 2026. Its 52-week high is ₹920.00 and its 52-week low is ₹602.00.
What is the market cap of Ice Make Refrigeration?
Ice Make Refrigeration's market capitalisation is ₹996 Cr (₹996 Cr) at the 22 Oct 2026 close, ranking 1454th among the NSE companies Pivot tracks.
What is the P/E ratio of Ice Make Refrigeration?
Ice Make Refrigeration trades at a trailing P/E of 82. The median P/E of the 4 closest Capital Goods peers by market cap is 19.6.
What is the ROE and ROCE of Ice Make Refrigeration?
Return on equity was 9.2% in FY26 and return on capital employed was 13.2% in FY26 (consolidated figures).
Is Ice Make Refrigeration a debt-free company?
No. Ice Make Refrigeration's debt-to-equity ratio was 1.13 in FY26, with total debt of ₹79 Cr.
What were Ice Make Refrigeration's latest quarterly results?
For Q4 FY26 (quarter ended 31 Mar 2026), Ice Make Refrigeration reported revenue of ₹256 Cr, +41.9% year on year, and net profit of ₹10 Cr, −13.2% year on year.
How has Ice Make Refrigeration stock performed over the last year?
Ice Make Refrigeration's share price has fallen 13.0% over the past year, −28.3% over three months and −9.3% over one month, to the 22 Oct 2026 close.
What is the shareholding pattern of Ice Make Refrigeration?
As of 30 Jun 2026: promoters 74.20%, foreign institutions 0.31%, domestic institutions 1.38%, non-institutions 24.11%. 8.03% of promoter shares were pledged.
Who are Ice Make Refrigeration's competitors?
The listed Capital Goods companies closest to Ice Make Refrigeration by market cap are ADC India Comm, Veljan Denison, SEPC, Jyoti Structures, Mamata Machinery and Rajoo Engineers.
Is Ice Make Refrigeration a good stock to buy?
Pivot does not give buy or sell recommendations. This page sets out Ice Make Refrigeration's price history, valuation, profitability, quarterly results and ownership so you can judge it yourself, and Pivot's chart lets you test a strategy on ICEMAKE against its own history before risking money. This is analysis, not financial advice.
Sources and method
Prices: NSE daily closes to 22 Oct 2026 (returns and ratios at the 22 Oct 2026 close). Fundamentals: company filings via Moneycontrol, consolidated where available. Shareholding: exchange shareholding-pattern filings. The 52-week range uses intraday highs and lows; the chart marks closing prices. P/E is the last close over trailing twelve-month EPS. Market-cap rank is among the 4,183 NSE companies Pivot tracks; SEBI's bands call the top 100 large-cap and the next 150 mid-cap. Figures marked “—” are not available rather than zero. This is analysis, not financial advice.
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