ICE Make Refrigeration Ltd.
NSE: ICEMAKE
₹816.15
₹22.60
(2.85%)
As on 25-May-2026IST
Market cap
₹1,288 Cr
Revenue (TTM)
₹593 Cr
P/E Ratio
93.4
P/B Ratio
10.5
Div. Yield
0.3 %
Quality Score
2/10
Growth Score
7/10
Valuation Score
3/10
Momentum Score
7/10
Stock Range
Today’s Range
52 Week Range
Liquidity
Fundamentals
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Net Profit (TTM)
₹14 Cr
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ROE
20.1 %
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ROCE
21 %
-
Industry P/E
42.85
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EV/EBITDA
31.3
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Debt to Equity
0.7
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Book Value
₹77.7
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EPS
₹8.7
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Face value
10
-
Shares outstanding
15,779,735
10 Years Aggregate
CFO
₹99.60 Cr
EBITDA
₹197.12 Cr
Net Profit
₹107.58 Cr
Performance
|
Company
|
YTD
|
1 Month
|
3 Months
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|---|---|---|---|---|---|---|---|
|
ICE Make
| 0.8 | 3.9 | -0.7 | -0.6 | 35.2 | 61.1 | -- |
|
BSE CG
| 18.6 | 2.1 | 12.4 | 13.6 | 29.2 | 28.6 | 19.8 |
|
Company
|
2025
|
2024
|
2023
|
2022
|
2021
|
2020
|
2019
|
|---|---|---|---|---|---|---|---|
|
ICE Make
| 6.2 | 21.6 | 144.0 | 251.0 | -29.2 | 88.2 | -26.1 |
|
BSE Small Cap
| -6.6 | 29.0 | 47.5 | -1.8 | 62.8 | 32.1 | -6.8 |
|
BSE CG
| -1.0 | 21.6 | 66.9 | 16.0 | 53.4 | 10.6 | -10.0 |
Essential Checks
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Financials
View DetailsKey Ratios
View Details
5Y Avg -- 3Y Avg -- TTM --
P/E Ratio
--
--Min --Median --Max
P/B Ratio
--
--Min --Median --Max
Earnings Yield (%)
--
Earnings Yield (%) = EBIT / Enterprise value
PEG Ratio
--
Price = Price / Earnings to growth ratio
Peers
View DetailsCompany |
Price (₹) | Market Cap (₹ Cr) | Revenue (TTM) | Net Profit (TTM) | OPM (%) | ROE (%) | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
|
ICE Make
|
816.2 | 1,287.9 | 592.7 | 13.7 | 4.8 | 11.2 | 93.4 | 10.5 |
| 3,972.8 | 37,148.0 | 4,310.6 | 1,149.3 | 25.1 | 16.3 | 32 | 4.8 | |
| 574.3 | 6,583.0 | 2,102.5 | 225.2 | 12.1 | 17.2 | 29.2 | 4.7 | |
| 547.4 | 12,278.0 | 2,366.1 | 340.5 | 17.7 | 12.7 | 36 | 5.3 | |
| 1,060.2 | 7,804.1 | 6,515.0 | 277.3 | 8.0 | 12.3 | 32.9 | 2.7 | |
| 670.7 | 15,259.0 | 2,069.7 | 354.4 | 24.7 | 20.2 | 43.1 | 8.0 | |
| 1,702.8 | 24,746.6 | 7,701.0 | 562.5 | 16.1 | 17 | 43.1 | 6.8 | |
| 74.6 | 11,067.7 | 1,301.1 | 155.5 | 12.8 | 13.3 | 58.3 | 6.6 | |
| 429.4 | 5,315.2 | 342.9 | 43.9 | -- | 31 | 67 | 8.3 | |
| 1,609.8 | 12,100.4 | 1,701.3 | 196.0 | 13.2 | 14.1 | 59.9 | 3.8 |
Shareholding Pattern
View DetailsNews & Analysis
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About ICE Make
Ice Make Refrigeration Limited, together with its subsidiaries, manufactures and supplies refrigeration products and equipment under the Ice Make, Bharat, and TransFreez brands in India. The company offers cold storage products, including modular,... combi, walk-in, custom-built, and solar cold rooms, as well as blast freezers and chillers, glass door display chillers, ripening chambers, cold room PUF panel and accessories, and cold room refrigeration units; and chest freezers and visi coolers. It also provides commercial refrigeration consisting of dairy processing plant solutions; curd incubation and mortuary chambers; ice cream plants; bulk milk chillers; batch pasteurizers; ageing vat; ice candy production machines; ice cream hardeners; mini blast freezers and chillers; heat pump food dehydrators; vacuum freeze dryers; and commercial, reach-in, and merchandising freezers. In addition, the company offers continuous sandwich PUF panels; industrial refrigeration products, including chilling plants and ice building tanks; transport refrigeration products comprising refrigerator, eutectic mobile, dry insulated, and MS corrugated refrigerated containers; and ammonia refrigeration products, such as turnkey projects for cold storages, and glycol and water chillers. It sells its products through dealers. The company exports its products to approximately 24 countries. It serves the dairy, agriculture, cold chain, food processing, retail, pharmaceutical, ice cream, hospitality, hospital, logistics, chemical, and e-commerce industries. Ice Make Refrigeration Limited was founded in 1989 and is headquartered in Gandhinagar, India. Read more
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Incorporated
2009
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Chairman
Chandrakant P Patel
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Managing Director
Chandrakant P Patel
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Headquarters
Ahmedabad, Gujarat
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Website
Looking for more details about ICE Make Refrigeration Ltd.’s IPO? Explore our IPO Details page.
Value Research Ratings
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Announcements
View AnnouncementsFAQs for ICE Make
What is the current share price of ICE Make Refrigeration Ltd Today?
The share price of ICE Make Refrigeration Ltd is ₹816.15 (NSE) as of 25-May-2026 IST. ICE Make Refrigeration Ltd has given a return of 35.23% in the last 3 years.
What is the current PB & PE ratio of ICE Make Refrigeration Ltd?
The P/E ratio of ICE Make Refrigeration Ltd is 93.43 times as on 25-May-2026, a 118 premium to its peers’ median range of 42.85 times.
The P/B ratio of ICE Make Refrigeration Ltd is 10.51 times as on 25-May-2026, a 117 premium to its peers’ median range of 4.84 times.
PE & PB ratio at the end of financial year.
| Year | P/E Ratio | P/B Ratio |
|---|---|---|
|
2025
|
61.47
|
11.45
|
|
2024
|
28.44
|
7.17
|
|
2023
|
19.89
|
5.10
|
|
2022
|
20.83
|
2.48
|
|
2021
|
28.95
|
1.87
|
What is the 52 Week High and Low of ICE Make Refrigeration Ltd?
The 52-week high and low of ICE Make Refrigeration Ltd are Rs 870.00 and Rs 660.30 as of 25-May-2026.
What is the market cap of ICE Make Refrigeration Ltd?
ICE Make Refrigeration Ltd has a market capitalisation of ₹ 1,288 Cr as on 25-May-2026. As per SEBI classification, it is a Small Cap company.
Should I invest in ICE Make Refrigeration Ltd?
Before investing in ICE Make Refrigeration Ltd, assess your goals, risk tolerance, and if the company aligns with your long-term plan. Carefully review its business model, financials, and valuation. Avoid making decisions based on tips or short-term trends.
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