# Ice Make Refrigeration (NSE: ICEMAKE) share price, financials and shareholding

Source: https://app.pivotnow.in/stock/ICEMAKE · Pivot · prices to 22 Oct 2026

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

| Metric | Value |
| --- | --- |
| Last close | ₹631.20 |
| Market cap | ₹996 Cr |
| P/E (trailing) | 82 |
| ROE | 9.2% (FY26) |
| ROCE | 13.2% (FY26) |
| Debt to equity | 1.13 |
| 52-week high | ₹920.00 (26 May 2026) |
| 52-week low | ₹602.00 (1 Oct 2026) |
| 1-year return | −13.0% |

## Quarterly results (₹ crore, consolidated)

| Quarter | Revenue | Revenue YoY | Net profit | Net profit YoY | EPS (₹) |
| --- | --- | --- | --- | --- | --- |
| Q4 FY26 | ₹256 Cr | +41.9% | ₹10 Cr | −13.2% | ₹6.41 |
| Q3 FY26 | ₹153 Cr | +38.7% | ₹1 Cr | −48.4% | ₹0.93 |
| Q2 FY26 | ₹147 Cr | +42.7% | ₹2 Cr | −57.8% | ₹1.28 |
| Q1 FY26 | ₹112 Cr | +30.8% | −₹1 Cr | −140.4% | −₹0.90 |
| Q4 FY25 | ₹180 Cr | +28.9% | ₹12 Cr | −18.3% | ₹7.42 |
| Q3 FY25 | ₹111 Cr | +34.1% | ₹3 Cr | +39.1% | ₹1.82 |
| Q2 FY25 | ₹103 Cr | +34.5% | ₹5 Cr | +6.7% | ₹3.05 |
| Q1 FY25 | ₹85 Cr | +7.7% | ₹4 Cr | −32.1% | ₹2.35 |

## Annual results (₹ crore)

| Fiscal year | Revenue | Net profit |
| --- | --- | --- |
| FY25 | ₹480 Cr | ₹23 Cr |
| FY24 | ₹378 Cr | ₹26 Cr |
| FY23 | ₹312 Cr | ₹21 Cr |
| FY22 | ₹206 Cr | ₹7 Cr |
| FY21 | ₹135 Cr | ₹4 Cr |
| FY20 | ₹138 Cr | ₹5 Cr |

## Shareholding (30 Jun 2026)

- Promoters: 74.20%
- Foreign institutions: 0.31%
- Domestic institutions: 1.38%
- Non-institutions: 24.11%

## Peers

| Company | Price | Market cap | P/E | ROE |
| --- | --- | --- | --- | --- |
| [ADC India Comm](https://app.pivotnow.in/stock/ADCINDIA) | — | ₹1,048 Cr | — | — |
| [Veljan Denison](https://app.pivotnow.in/stock/VELJAN) | ₹2,313.50 | ₹1,041 Cr | — | — |
| [SEPC](https://app.pivotnow.in/stock/SEPC) | ₹5.05 | ₹982 Cr | 16.8 | — |
| [Jyoti Structures](https://app.pivotnow.in/stock/JYOTISTRUC) | ₹8.18 | ₹976 Cr | 17.4 | — |
| [Mamata Machinery](https://app.pivotnow.in/stock/MAMATA) | ₹394.10 | ₹970 Cr | 64.3 | — |
| [Rajoo Engineers](https://app.pivotnow.in/stock/RAJOOENG) | ₹53.69 | ₹959 Cr | 19.6 | — |

## Questions and answers

### 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.

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Sources: NSE end-of-day bars (Pivot's market data store); Company filings via Moneycontrol; Exchange shareholding-pattern filings. This is analysis, not financial advice. Pivot is not a broker or a SEBI-registered investment adviser.