ICE Make Refrigeration Ltd Share Price

Engineering

NSE: ICEMAKE Small Cap ISIN: INE520Y01019

As on 19 November 2025 at 01:26 IST

₹688.65

-5.50

(-0.79%)

Sell Buy

Over 1 Month

-0.37%

Over 6 Months

-17.87%

Over 1 Year

-13.57%

Over 3 Years

137.44%

ICE Make Refrigeration Ltd Summary

Close ₹694.15

Open ₹683.05

High ₹699.80

Low ₹683.05

Volume 6,676

Net Turnover (in Cr) ₹0.46

52Wk High -

52Wk Low -

52Wk High / Low

ICE Make Refrigeration Ltd Fundamentals

Key Financial Data

Market Cap (in Cr) ₹1,095.35

EPS (TTM) 9.21

Book Value (BV) 79.13

Div. Yield 0.32 %

P/E (TTM) 75.37

Price/Book Value 8.77

Delivery % 71.14 %

Face Value 10

Key Ratios

PE Ratio 61.16

PB Ratio 11.06

EV to Sales 3.18

PEG Ratio -4.80

ROA 10.87

ROE 19.61

Debt-Equity 0.45

Net Profit Margin 4.92

Operating Profit Margin 9.14

ICE Make Refrigeration Ltd Financials

Consolidated

Standalone

Yearly

Quarterly

Profit and Loss

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Total Revenue	480.42	379	313.33	206.80	135.87
Total Expenses	449.40	343.80	285.25	196.98	130.59
Profit Before Tax	31.02	35.20	28.08	9.82	5.28
Profit After Tax	22.90	26.14	20.80	7.32	3.61
Operating Profit After Depreciation	35.14	37.31	29.33	11.55	7.19

Balance Sheet

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Fixed Assets	133.21	50.24	32.37	32.24	29.74
Total Non Current Assets	145.91	71.25	35.13	34.73	34.59
Total Current Assets	221.81	140.13	123.89	90.32	73.21
Total Assets	367.72	211.38	159.02	125.05	107.80
Total Shareholder's Fund	124.03	104.19	81.13	61.68	56.32

Cash Flow

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Net Cash From Operating Activities	29.97	10.38	24.35	8.31	12.35
Net Cash Used In Investing Activities	-83.35	-23.30	-14.29	-4.82	-3.32
Net Cash Used In Financing Activities	48.67	16.72	-9.27	-3.42	-9.24

Profit and Loss

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Total Revenue	473.22	370.58	304.24	201.19	132.62
Total Expenses	441.80	334.74	275.83	190.31	126.15
Profit Before Tax	31.42	35.84	28.40	10.88	6.48
Profit After Tax	23.22	26.62	21.05	8.10	4.49
Operating Profit After Depreciation	35.31	37.70	29.55	12.45	8.14

Balance Sheet

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Fixed Assets	129.56	46.11	29.82	29.29	26.17
Total Non Current Assets	150.06	73.62	38.76	38.65	37.18
Total Current Assets	215.12	135.68	119.32	84.42	69.79
Total Assets	365.18	209.30	158.08	123.07	106.97
Total Shareholder's Fund	128.40	108.45	85.01	65.32	59.18

Cash Flow

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Net Cash From Operating Activities	30.39	9.94	22.30	8.69	12.03
Net Cash Used In Investing Activities	-83.83	-22.33	-13.14	-5.27	-3.50
Net Cash Used In Financing Activities	48.88	16.07	-8.43	-3.36	-8.73

Particulars (in ₹ Cr.)	2025-09	2025-06	2025-03	2024-12	2024-09
Total Revenue	147.49	111.50	180.35	110.56	103.39
Total Expenses	137.87	107.10	158.97	103.88	94.93
Profit Before Tax	2.78	-1.84	16.05	3.60	6.64
Profit After Tax	2.02	-1.47	11.66	2.81	4.79
Operating Profit after Depreciation	9.71	4.53	21.84	6.90	8.58

Particulars (in ₹ Cr.)	2025-09	2025-06	2025-03	2024-12	2024-09
Total Revenue	148.70	111.86	178.61	108.64	101.38
Total Expenses	140.07	107.67	157.84	102.02	93.14
Profit Before Tax	1.97	-1.79	15.84	3.82	6.72
Profit After Tax	1.45	-1.39	11.52	2.96	4.89
Operating Profit after Depreciation	8.78	4.45	21.38	6.96	8.51

ICE Make Refrigeration Ltd Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3

S1 684.87

S2 675.58

S3 668.12

Pivot 692.33

R1 701.62

R2 709.08

R3 718.37

Moving Average

20 SMA 707.69

50 SMA 732.30

100 SMA 750.80

200 SMA 783.01

ICE Make Refrigeration Ltd Corporate Actions

ICE Make Refrigeration Ltd

₹2.25/Share

Announcement Date 19 Sep 2025

Record Date 20 Sep 2025

Div Yield 22%

AGM Date: 25 Sep 2021

Ice Make Refrigeration Limited has informed the Exchange regarding Outcome of Board Meeting held on July 26, 2021 to Convene the 12th Annual General Meeting of the Members of the Company at 12.00 p.m. on Saturday, the 25th September, 2021 through Video Conferencing (VC)/ Other Audio Visual Means (OAVM) in compliance with the applicable provisions of the Companies Act, 2013 read with MCA General Circular no. 14/2020, dated 8th April, 2020, MCA General Circular no. 17/2020, dated 13th April, 2020, MCA General Circular No. 20/2020 dated 5th May, 2020, MCA General Circular no. 22/2020, dated 15th June, 2020 and MCA General Circular No. 02/2021 dated 13th January 2021 and also SEBI circulars dated 12th May, 2020 and 15th January, 2021. Ice Make Refrigeration Limited has informed the Exchange about Copy of Newspaper Publication Advertisement Addressed to the Shareholders for Annual General Meeting (As per NSE Announcement Dated on 06/08/2021) Ice Make Refrigeration Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 25, 2021 (As per NSE Announcement dated on 27/08/2021) Ice Make Refrigeration Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 25, 2021. Further, the company has informed the Exchange regarding voting results along with copy of scrutinizers report together with copy of minutes. (As per NSE Announcement dated on 25/09/2021)

AGM Date: 17 Sep 2022

Ice Make Refrigeration Limited has informed the Exchange about Board Meeting held on 23-Jul-2022 to consider Other business matters for finalisation of Date of Annual General Meeting, Book Closure & E-voting Ice Make Refrigeration Limited has informed the Exchange that Register of Members & Share Transfer Books of the Company will remain closed from 11-Sep-2022 to 17-Sep-2022 for the purpose of Dividend & Meeting. Ice Make Refrigeration Limited has informed the Exchange about Newspaper Advertisements. Submission of Newspaper clippings - Advertisement Addressed to the Shareholders for Annual General Meeting (As Per NSE Announcement Dated on 27.07.2022) Ice Make Refrigeration Limited has informed the Exchange about Notice of Annual General Meeting to be held on 17-Sep-2022.Submission of Notice of 13th Annual General Meeting and Annual Report 2021-22 (As Per NSE Announcement Dated on 25.08.2022) Ice Make Refrigeration Limited has informed the Exchange about Newspaper Advertisements. Submission of Newspaper clippings Advertisement of Notice of AGM, Book Closure & E-voting. (As Per NSE Announcement Dated on 27.08.2022) Ice Make Refrigeration Limited has informed the Exchange about Voting results, Scrutinizer report and Minutes of Annual General Meeting held on 17-Sep-2022 (As Per NSE Announcement Dated on 17.09.2022)

AGM Date: 23 Sep 2023

Ice Make Refrigeration Limited has informed the Exchange that Register of Members & Share Transfer Books of the Company will remain closed from 17-Sep-2023 to 23-Sep-2023 for the purpose of Dividend & Meeting. Ice Make Refrigeration Limited has informed the Exchange regarding Outcome of Board Meeting held on July 15, 2023 Date of Annual General Meeting, Book Closure & E-voting Ice Make Refrigeration Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 23, 2023. (As Per NSE Announcement Dated on: 28/08/2023) Ice Make Refrigeration Limited has informed the Exchange regarding Proceedings of 14th Annual General Meeting held on September 23, 2023 (As Per NSE Announcement Dated on: 23/09/2023)

AGM Date: 28 Sep 2024

Ice Make Refrigeration Limited has informed the Exchange regarding Outcome of Board Meeting held on August 08, 2024. Ice Make Refrigeration Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 28, 2024 (As Per NSE Announcement Dated on: 05/09/2024) Ice Make Refrigeration Limited has informed the Exchange about Shareholders meeting (As Per NSE Announcement Dated on: 28/09/2024) Ice Make Refrigeration Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 28, 2024 (As Per NSE Announcement Dated on: 30/09/2024)

AGM Date: 27 Sep 2025

Convene the 16 th Annual General Meeting of the Members of the Company at on Saturday, the 27 th September, 2025 at Ahmedabad.Date & Time of commencement of Remote e-voting at 9.00 a.m. on Wednesday, September 24, 2025 2 Date & Time of end of Remote e-voting at 5:00 p.m. on Friday, September 26, 2025 Cut-off date for determining rights of entitlement of Remote e-voting Saturday, September 20, 2025 Remote e-voting shall not be allowed beyond After 5.00 P.M. on Friday, September 26, 2025 Ice Make Refrigeration Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 27, 2025 (As per NSE Announcement dated on: 04.09.2025) Ice Make Refrigeration Limited has informed the Exchange about Shareholders meeting (As Per NSE Announcement Dated On : 27.09.2025) Ice Make Refrigeration Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 27, 2025 (As Per NSE Announcement Dated On : 29.09.2025)

ICE Make Refrigeration Ltd Peer Comparison

Company	Price	Market Cap (in Cr)
LMW Ltd	₹15,697	₹16,769.11
Tega Industries Ltd	₹1,940.70	₹12,912.54
Skipper Ltd	₹491.95	₹5,554.31
KRN Heat Exchanger and Refrigeration Ltd	₹812.45	₹5,049.91
The Anup Engineering Ltd	₹2,441.65	₹4,890.98

ICE Make Refrigeration Ltd Top Mutal Funds Invested

No data available

ICE Make Refrigeration Ltd News

ICE Make Refrigeration to discuss results

On 11 November 2025

07 Nov 2025, 09:52 am

ICE Make Refrigeration to conduct AGM

On 27 September 2025

08 Aug 2025, 03:06 pm

ICE Make Refrigeration announces board meeting date

On 7 August 2025

01 Aug 2025, 10:04 am

Board of ICE Make Refrigeration recommends Final Dividend

Of Rs.2.25 per share

17 May 2025, 03:48 pm

ICE Make Refrigeration to convene board meeting

On 17 May 2025

10 May 2025, 11:14 am

ICE Make Refrigeration Ltd Stock Analysis

Annual revenue for ICE Make Refrigeration Ltd increased by 27.70% to ₹473.22 crore in FY 2025 from ₹370.58 crore in FY 2024.
Annual Net Profit for ICE Make Refrigeration Ltd decreased by 12.75% to ₹23.22 crore in FY 2025 from ₹26.62 crore in FY 2024.
Promoter Shareholding in ICE Make Refrigeration Ltd decreased by 0.06% in the most recent quarter, from 74.40% in June 2025 to 74.36% in September 2025.
ICE Make Refrigeration Ltd delivered a 1-year return of -13.57% compared to the Nifty 50, which provided a return of 10.91% as of the last trading session.
ICE Make Refrigeration Ltd share price moved down by 0.79% from its previous close of INR ₹694.15. The latest ICE Make Refrigeration Ltd share price is INR ₹688.65.
ICE Make Refrigeration Ltd share price today has been at a low of 682.10 and a high of 694.15. Over the past 52 weeks, the ICE Make Refrigeration Ltd share price has seen a low of 575.15 and a high of 1,088.75.