ICE Make Refrigeration Share Price

ICE Make Refrigeration Share Price

NSE: ICEMAKE
|
Electronics
|
S Cap
₹ 723.85
-₹4.40 (-0.6%)
1D
Last updated 19 Aug, 2026, 11:42 IST

ICE Make Refrigeration Share Price Today

As of 19 Aug 2026, ICE Make Refrigeration share price is ₹723.85. The stock opened at ₹723.80, compared to its previous close of ₹728.25. During today's trading session, ICE Make Refrigeration share price moved in the range of ₹702.50 to ₹729.90, with an average price of ₹716.20 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 10.19% over the last six months and is down 0.33% on a year-on-year basis.

₹702.50
0.60% down today
₹729.90
1D LOW
1D HIGH

ICE Make Refrigeration Returns Calculator

Circuit
L
H
₹582.60
₹873.90
52-week
L
H
₹660.30
₹920.00

About ICE Make Refrigeration

ICE Make Refrigeration Share Price
ISIN
INE520Y01019
Sector Market Cap
₹ 1,149.16 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.
Know more
Promoters
74.20%
FII
0.31%
Other DII
1.38%
Retail and other
24.11%
Mutual funds
0.00%
Foreign institutions - FII
FII shareholding by period
Sep 20250.01%
Dec 20250.11%
Mar 20260.23%
Jun 20260.31%
Mkt Cap Cr
1,149.16
P/E
96.20
P/B
8.64
ROE
9.17%
D/E
1.15
ROCE
9.90%
Div. Yield
0.31%
EPS(TTM)
6.90
Turnover
1.46
EV/EBITDA
28.95
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 1 of 5
Performance
Very Poor
ICE Make Refrig. has not beaten FD return of 7%
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 Machines21,408.20120.637.364.56%0.005.94%2,780.720.18%0.76144.08
KRN HEAT EXCHANGE N REF L9,969.65102.8410.7913.32%0.1613.64%140.040.00%1.0311.47
OMNITECH ENGINEERING LTD7,186.2367.2910.2811.68%0.6313.22%50.580.00%0.457.24
Skipper6,086.1926.704.0214.29%0.6419.39%130.630.02%1.2418.36
LOHIA CORP LIMITED0.000.0010.8143.49%0.3342.05%53.070.27%0.000.00
Uniparts India3,729.4020.034.1518.19%0.1621.06%121.930.87%0.9433.28
THEJO ENGINEERING LIMITED2,225.2540.966.2813.90%0.0918.07%291.810.24%1.2250.84
TAAL TECH LTD.1,328.9621.285.4223.14%0.0030.36%680.201.53%0.82172.48
PATIL AUTOMATION LIMITED513.7732.433.7611.60%0.1414.61%62.600.00%1.087.71
TAURIAN MPS LIMITED409.6025.274.7118.63%0.2820.65%97.920.00%1.1120.87

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
1
722.7
1
722.6
14
722.5
3
722.45
4
722.35
Ask
Qty
723.9
111
723.95
2
724
5
724.15
2
724.3
4
Bid Total: 23
Ask Total: 124
Buy orders: 16%
Sell orders: 84%
Bearish
2
Neutral
2
Bullish
4
Slightly Bullish
by SEBI experts
Expert Pick
EXPPICK
Stop-loss
Entry price
Target
Indicator
Value
Verdict
RSI (14)
32.53
Neutral
ATR (14)
28.24
Neutral
STOCH(9,6)
13.69
Bullish
STOCH RSI (14)
7.53
Bullish
ADX(9)
25.85
Bearish
UO(9)
26.17
Bullish
ROC(12)
-12.4
Bearish
WillR(14)
-87.58
Bullish
Period
Simple value
Exponential vaue
5D
768.48
757.09
10D
793.75
780.95
20D
817.72
796.85
50D
793.33
797.44
100D
783.97
788.1
Volume trend — traded volume by day
19 Aug0L
18 Aug1L
17 Aug0L
14 Aug1L
13 Aug0L
12 Aug0L
Average0L
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