ICE Make Refrigeration Share Price

ICE Make Refrigeration Share Price

NSE: ICEMAKE
|
Electronics
|
S Cap
₹ 697.50
-₹4.60 (-0.66%)
1D
Last updated 23 Sep, 2026, 15:29 IST

ICE Make Refrigeration Share Price Today

As of 24 Sep 2026, ICE Make Refrigeration share price is ₹697.50. The stock opened at ₹700.00, compared to its previous close of ₹702.10. During today's trading session, ICE Make Refrigeration share price moved in the range of ₹696.00 to ₹710.95, with an average price of ₹703.48 for the day. Looking at its last 52-week, the stock has touched a low of ₹660.30 and a high of ₹920.00. On the performance front, ICE Make Refrigeration share price has declined by 1.12% over the last six months and is down 9.25% on a year-on-year basis.

₹696.00
0.66% down today
₹710.95
1D LOW
1D HIGH

ICE Make Refrigeration Returns Calculator

Circuit
L
H
₹559.90
₹839.80
52-week
L
H
₹660.30
₹920.00

About ICE Make Refrigeration

ICE Make Refrigeration Share Price
ISIN
INE520Y01019
Sector Market Cap
₹ 1,107.90 Cr

Ice Make Refrigeration Limited is an India-based commercial & industrial refrigeration equipment manufacturer. It is engaged in the business of providing customized cooling solutions to various clients across a wide range of industries by manufacturing and supplying refrigeration products and equipment. Its product categories include cold storage, commercial refrigeration, industrial refrigeration, transport refrigeration, and ammonia refrigeration. Its cold storage products include cold rooms, cold room polyurethane foam panels and accessories, cold room refrigeration unit, solar cold room, blast chiller and freezer, glass door display chiller, and ripening chamber. Its commercial refrigeration products include an ice cream plant, bulk milk chiller, ice candy production machine, ice cream hardener, and vacuum freeze dryer. It operates under the brand name, Ice Make, as well as under the brand names of Bharat and TransFreez through its subsidiary Bharat Refrigerations Private Limited.

ICE Make Refrigeration Financial Highlights

  • Revenue: ICE Make Refrigeration reported revenue of ₹668.92 crore in FY26 vs ₹480.42 crore in FY25. It showed an increase of 39.24% on a yearly basis.
  • Operating Profit: ICE Make Refrigeration reported an operating profit of ₹16.39 crore in FY26 vs ₹31.02 crore in FY25. It showed a decrease of 47.16% on a year-on-year basis.
  • Net Profit: ICE Make Refrigeration reported a net profit of ₹12.13 crore in FY26 vs ₹22.90 crore in FY25. It showed a decrease of 47.03% on a yearly basis.

ICE Make Refrigeration Quarterly Result Highlights

  • ICE Make Refrigeration reported revenue of ₹178.99 crore in Jun 2026, compared with ₹256.23 crore in Mar 2026, representing a decrease of 30.14% on a quarter-on-quarter (QoQ) basis.
  • ICE Make Refrigeration reported an operating loss of ₹2.23 crore in Jun 2026, compared with ₹13.56 crore in Mar 2026, representing a decrease of 116.45% on a quarter-on-quarter (QoQ) basis.
  • ICE Make Refrigeration reported a loss of ₹1.65 crore in Jun 2026, compared with ₹10.12 crore in Mar 2026, reflecting a decrease of 116.30% on a QoQ basis.
  • The earnings per share (EPS) of ICE Make Refrigeration stood at ₹14.65 during Jun 2026.

Data Source: BSE, Company announcements

Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.

Know more
Promoters
74.20%
FII
0.31%
Other DII
1.38%
Retail and other
24.11%
Mutual funds
0.00%
Foreign Institutional Investor (FII)
FII shareholding by period
Sep 20250.01%
Dec 20250.11%
Mar 20260.23%
Jun 20260.31%
Mkt Cap Cr
1,107.90
P/E
92.75
P/B
8.33
ROE
9.17%
D/E
1.15
ROCE
9.90%
Div. Yield
0.32%
EPS(TTM)
6.90
Turnover
1.46
EV/EBITDA
27.93
Net Margin
0.00%
Op. Margin
0.00%
ROA
2.37%
Quick Ratio
0.00
Curr. Ratio
1.57
Based on fundamentals, this stock's
Step 2 of 5
Performance
Poor
ICE Make Refrig. has underperformed the market
Step 1 of 5
Valuation
Overvalued
ICE Make Refrig. appears overvalued compared to its peers
Step 2 of 5
Earnings
Poor
ICE Make Refrig. earnings have been degrowing
Peer Comparison
Peer comparison — key ratios
NameMkt Cap CrP/EP/BROED/EROCEBook ValueDiv. YieldTurnoverEPS(TTM)
Lakshmi Machines18,308.20104.746.394.56%0.005.94%2,780.720.20%0.76144.08
KRN HEAT EXCHANGE N REF L9,304.6095.9810.0713.32%0.1613.64%140.040.00%1.0311.47
OMNITECH ENGINEERING LTD6,950.6566.9110.2311.68%0.6313.22%50.580.00%0.457.24
Skipper6,341.4328.234.2514.29%0.6419.39%130.630.02%1.2418.36
LOHIA CORP LIMITED0.000.0010.9543.49%0.3342.05%53.070.26%0.000.00
TEMPSENS INST (INDIA) LTD0.0071.037.8215.32%0.1618.59%68.690.06%0.000.00
Uniparts India3,845.2421.314.4218.19%0.1621.06%121.934.43%0.9433.28
THEJO ENGINEERING LIMITED2,351.7543.306.6413.90%0.0918.07%291.790.23%1.2250.84
TAAL TECH LTD.1,852.2029.677.5623.14%0.0030.36%136.041.09%0.82172.48
EMKAY TOOLS LIMITED1,141.8319.458.1441.87%0.0056.59%131.420.00%1.0355.02

Auto-generated based on historical fundamentals; not a recommendation to buy/sell.

ICE Make Refrigeration Financials

Full statement

Income Statement · Consolidated

Income Statement · Consolidated — all values in INR Crore
ParticularsMar 2025Mar 2024Mar 2023Mar 2022
Revenue₹479.52₹378.38₹312.21₹206.10
Other Income₹0.90₹0.62₹1.12₹0.71
Total Revenue₹480.42₹379.00₹313.33₹206.80
Total Expenses₹449.40₹343.80₹285.25₹196.98
Profit Before Tax₹31.02₹35.20₹28.08₹9.82
Tax₹8.11₹9.06₹7.28₹2.50
Profit After Tax₹22.90₹26.14₹20.80₹7.32
EPS - Basic₹14.65₹16.64₹13.19₹4.66
EPS - Diluted₹14.65₹16.64₹13.19₹4.65

Cash Flow · Consolidated

Cash Flow · Consolidated — all values in INR Crore
ParticularsMar 2025Mar 2024Mar 2023Mar 2022
Profit before tax₹31.02₹35.20₹28.08₹9.82
Income before WC changes₹43.09₹40.73₹33.54₹15.08
Change in Assets-₹83.36-₹28.42-₹22.39-₹15.31
Change in Liabilities₹78.97₹6.81₹19.92₹10.96
Change in WC-₹4.39-₹21.60-₹2.47-₹4.34
Cash flow from Operations₹29.97₹10.38₹24.35₹8.31
Cash flow from Investing-₹83.35-₹23.30-₹14.29-₹4.82
Cash flow from Financing₹48.67₹16.72-₹9.27-₹3.42
Total Cash Flow-₹4.70₹3.80₹0.79₹0.07
Cash (Start of the year)₹5.08₹1.28₹0.49₹0.42
Cash (End of the year)₹0.38₹5.08₹1.28₹0.49

Balance Sheet · Consolidated

Balance Sheet · Consolidated — all values in INR Crore
ParticularsMar 2025Mar 2024Mar 2023Mar 2022
Non-Current Assets₹145.91₹71.25₹35.13₹34.73
Current Assets₹221.81₹140.13₹123.89₹90.32
Total Assets₹367.72₹211.38₹159.02₹125.05
Current Liabilities₹189.78₹81.30₹72.82₹57.79
Net Current Asset₹32.03₹58.83₹51.08₹32.53
Non-Current Liabilities₹54.24₹26.00₹5.08₹5.58
Equity Capital₹123.71₹104.08₹81.13₹61.68
Total Equity & Liabilities₹367.72₹211.38₹159.02₹125.05

Income Statement · Standalone

Income Statement · Standalone — all values in INR Crore
ParticularsMar 2025Mar 2024Mar 2023Mar 2022
Revenue₹471.79₹369.60₹302.69₹200.17
Other Income₹1.43₹0.98₹1.55₹1.03
Total Revenue₹473.22₹370.58₹304.24₹201.19
Total Expenses₹441.80₹334.74₹275.83₹190.31
Profit Before Tax₹31.42₹35.84₹28.40₹10.88
Tax₹8.20₹9.23₹7.35₹2.78
Profit After Tax₹23.22₹26.62₹21.05₹8.10
EPS - Basic₹14.72₹16.87₹13.35₹5.16
EPS - Diluted₹14.72₹16.87₹13.35₹5.14

Cash Flow · Standalone

Cash Flow · Standalone — all values in INR Crore
ParticularsMar 2025Mar 2024Mar 2023Mar 2022
Profit before tax₹31.42₹35.84₹28.40₹10.88
Income before WC changes₹42.24₹40.19₹32.68₹15.00
Change in Assets-₹81.27-₹28.38-₹23.56-₹13.03
Change in Liabilities₹78.11₹6.90₹19.88₹9.13
Change in WC-₹3.16-₹21.48-₹3.68-₹3.90
Cash flow from Operations₹30.39₹9.94₹22.30₹8.69
Cash flow from Investing-₹83.83-₹22.33-₹13.14-₹5.27
Cash flow from Financing₹48.88₹16.07-₹8.43-₹3.36
Total Cash Flow-₹4.56₹3.67₹0.73₹0.06
Cash (Start of the year)₹4.62₹0.95₹0.22₹0.16
Cash (End of the year)₹0.06₹4.62₹0.95₹0.22

Balance Sheet · Standalone

Balance Sheet · Standalone — all values in INR Crore
ParticularsMar 2025Mar 2024Mar 2023Mar 2022
Non-Current Assets₹150.06₹73.62₹38.76₹38.65
Current Assets₹215.12₹135.68₹119.32₹84.42
Total Assets₹365.18₹209.30₹158.08₹123.07
Current Liabilities₹185.80₹78.06₹69.54₹54.26
Net Current Asset₹29.33₹57.62₹49.78₹30.17
Non-Current Liabilities₹50.99₹22.80₹3.53₹3.49
Equity Capital₹128.40₹108.45₹85.01₹65.32
Total Equity & Liabilities₹365.18₹209.30₹158.08₹123.07
* All values are in INR Crore
Qty
Bid
0
0
0
0
0
0
0
0
0
0
Ask
Qty
699.45
200
0
0
0
0
0
0
0
0
Bid Total: 0
Ask Total: 200
Buy orders: 0%
Sell orders: 100%
Bearish
3
Neutral
5
Bullish
0
Slightly Bearish
by SEBI experts
Expert Pick
EXPPICK
Stop-loss
Entry price
Target
Indicator
Value
Verdict
RSI (14)
40.62
Neutral
ATR (14)
21.75
Neutral
STOCH(9,6)
39.12
Neutral
STOCH RSI (14)
95.75
Bearish
ADX(9)
27.08
Bearish
UO(9)
38.01
Neutral
ROC(12)
-5.03
Bearish
WillR(14)
-60.88
Neutral
Period
Simple value
Exponential vaue
5D
684.42
694.66
10D
703.17
701.87
20D
720.36
717.97
50D
770.39
747.74
100D
774.09
761.94
Volume trend — traded volume by day
23 Sep0L
22 Sep0L
21 Sep0L
18 Sep0L
17 Sep0L
Average0L

Technical indicators used here are for indicative purposes only. Kindly do not treat it as an investment or trading advice

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ICE Make Refrigeration share price data is sourced from NSE/BSE and may be delayed. It is displayed for informational purposes only and does not constitute investment advice or a recommendation to buy or sell.

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