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Ice Make Refrigeration

NSE: ICEMAKE · ISIN INE520Y01019 · Industrials

₹693.70−5.70 (−0.81%)

Monday 9 November, 12:24 IST. Delayed. Source: Yahoo Finance.

Price chart

The day

Previous close
₹699.40
Open
₹685.10
Day high
₹706.50
Day low
₹685.10

Listed on NSE since 12 October 2020.

Key numbers

Market value
₹1,103.63 Cr
P/E (trailing)
92.27
EPS (trailing)
₹7.58
Price to book
3.77
Dividend yield
0.33%
Return on equity
5.8%
Debt to equity
0.44
Profit margin
1.6%
Volume today
4,485
Average volume
25,023

Source: Yahoo Finance. Ratios use the latest reported (trailing twelve-month) figures.

Revenue and profit

Annual revenue and profit
YearRevenueNet profitEPS
FY23₹312.11 Cr₹20.80 Cr₹13.19
FY24₹378.25 Cr₹26.25 Cr₹16.64
FY25₹479.37 Cr₹23.11 Cr₹14.65
FY26₹668.03 Cr₹12.19 Cr₹7.73

Source: Yahoo Finance, from annual reports. Consolidated where reported.

Quarterly results

Results for each quarter, latest first
QuarterRevenueNet profitEPSProfit vs year ago
Q2 FY27Jul–Sep 2026₹207 Cr₹3 Cr₹1.60+34.8%
Q1 FY27Apr–Jun 2026₹179 Cr₹-2 Cr₹-1.04–
Q4 FY26Jan–Mar 2026Audited₹256 Cr₹10 Cr₹6.41−13.6%
Q3 FY26Oct–Dec 2025₹153 Cr₹1 Cr₹0.93–
Q2 FY26Jul–Sep 2025₹147 Cr₹2 Cr₹1.28–
Q1 FY26Apr–Jun 2025₹112 Cr₹-1 Cr₹-0.90–

Source: Ice Make Refrigeration’s results filed with NSE, consolidated (the whole group). Net profit is the share of Ice Make Refrigeration’s own shareholders where the filing separates it. Profit vs year ago compares with the same quarter a year earlier; – where that quarter is not on file or made a loss.

Download results (zip) A spreadsheet of the quarterly results and balance sheets, with the original filings from NSE.

Balance sheet

What the company owns and owes, latest first
As onSeptember 2026March 2026September 2025
Fixed assets₹168 Cr₹157 Cr₹147 Cr
Investments₹35 Cr₹1.00 L₹1.00 L
Inventories₹173 Cr₹148 Cr₹119 Cr
Owed by customers₹149 Cr₹157 Cr₹119 Cr
Cash and equivalents₹78 Cr₹2 Cr₹4 Cr
Total assets₹662 Cr₹508 Cr₹426 Cr
Borrowings₹132 Cr₹151 Cr₹165 Cr
Total liabilities₹345 Cr₹375 Cr₹306 Cr
Shareholders’ equity₹317 Cr₹133 Cr₹121 Cr

Source: Ice Make Refrigeration’s half-yearly statements of assets and liabilities filed with NSE, consolidated. Companies file these every September and March.

About Ice Make Refrigeration

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.

Industry
Specialty Industrial Machinery
Based in
Gandhinagar
Employees
432

Company website · Profile: Yahoo Finance

In the news

All news

No headlines name Ice Make Refrigeration in the last day or two.

Dividends and corporate actions

All companies
  • Dividend - Rs 2.25 Per Share

    Dividend · ex-date 23 September 2026

  • Dividend - Rs 2.25 Per Share

    Dividend · ex-date 19 September 2025 · record date 20 September 2025

  • Annual General Meeting/Dividend - Rs 2 Per Share

    Dividend · ex-date 20 September 2024

  • Annual General Meeting/Dividend - Rs 1.80 Per Share

    Dividend · ex-date 15 September 2023

  • Annual General Meetingdividend - Rs 1.20 Per Share

    Dividend · ex-date 8 September 2022

  • Annual General Meeting/Dividend - Rs 1.20 Per Share

    Dividend · ex-date 16 September 2021

Source: NSE. Latest first.

Information only, not investment advice. Prices are delayed.

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