Ice Make Refrigeration Limited

Web: icemakeindia.com NSE: ICEMAKE SECTOR: Capital Goods - Industrial Manufacturing | Add Note | View Notes

738 1(0%)

Volume

82k as on 23, Jun

Open

742

High

796

Low

742

739

VWAP

775

52 Week High

920

52 Week Low

660

Viand Research Rating

Quality Score

5/100

Growth Score

60/100

Valuation Score

50/100

Momentum Score

20/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

1,165

No. of Shares

1.58

P/E

P/B

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

ROCE

Profit Growth

Listing Date

12-Oct-20

Promoter Holding

74.2%

FII Holding

0.31%

DII Holding

1.38%

Price Chart

Price Performance

1 Week2%

1 Month2%

3 Months10%

6 Months7%

1 Year7%

YTD7%

Moving Average

5 Day SMA762

10 Day SMA765

20 Day SMA780

30 Day SMA777

50 Day SMA786

61 Day SMA773

80 Day SMA0

200 Day SMA0

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	806	780	794	811
Resistance 2	794	778	786	796
Resistance 1	784	776	780	789
Pivot Point	772	774	772	774
Support 1	762	772	764	767
Support 2	750	770	758	752
Support 3	740	768	750	745

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	HAL	3,29,158	4922	3%	2%	21%	7%	31	94	0	9116
2	BEL	2,98,458	405	1%	4%	10%	10%	49	94	0	6062
3	TMCV	1,68,152	457	3%	2%	8%	40%	0	94	0.44	3030
4	ABB	1,57,098	7414	1%	2%	24%	44%	93	94	0.02	1668
5	BHEL	1,50,199	431	0%	5%	65%	105%	409	94	0.31	1600
6	SIEMENS	1,41,882	3984	2%	3%	21%	28%	66	94	0.02	2754
7	CGPOWER	1,41,050	895	0%	8%	26%	21%	119	94	0.01	1199
8	POWERINDIA	1,40,760	31580	6%	0	25%	69%	150	94	0.02	988
9	CUMMINSIND	1,39,335	5026	2%	9%	5%	29%	74	94	0	2362
10	POLYCAB	1,24,768	8280	3%	3%	3%	21%	52	94	0.02	2708
Load More

Shareholding Pattern (%)

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(0.01) 74.20%	(-0.11) 74.20%	(-0.11) 74.26%	(0.01) 74.36%	(0.01) 74.40%	(-0.11) 74.41%	(0.01) 74.49%	(0.01) 74.49%	(0.01) 74.49%	(0.01) 74.49%	(0.01) 74.49%	(0.01) 74.49%	(0.01) 74.49%	(0.01) 74.49%	(0.01) 74.49%	(-0.11) 74.49%	(-0.31) 74.63%	(0.01) 74.89%	(0.01) 74.86%	(0.01) 74.82%
FIIs	(0.11) 0.31%	(0.11) 0.22%	(0.11) 0.11%	(0.01) 0.01%	(-0.31) 0.01%	(0.31) 0.33%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.02%	(0.01) 0.00%	(0.01) 0.02%	(0.01) 0.05%	(0.01) 0.05%	(0.01) 0.05%	(0.01) 0.05%	(0.11) 0.05%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%
DIIs	(-0.31) 1.38%	(-0.41) 1.64%	(0.71) 1.99%	(0.11) 1.31%	(0.31) 1.21%	(0.31) 0.87%	(0.61) 0.58%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%
Public	24.11%	23.94%	23.64%	24.32%	24.38%	24.39%	24.93%	25.51%	25.50%	25.51%	25.49%	25.46%	25.46%	25.46%	25.46%	25.46%	25.50%	25.13%	25.14%	25.18%
No. of Shareholders	23,616	25,551	24,249	25,194	25,656	24,633	24,776	24,543	23,225	22,668	19,285	14,481	11,566	10,042	8,462	5,596	3,907	4,338	4,401	3,990

Quarterly Results

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021	Jun 2021
Sales	178.88	255.85	153.36	147.49	111.5	180.35	110.56	103.39	85.23	139.92	82.43	76.89	79.14	114	66.68	67.12	64.85	77	48.86	47.9	32.44
Sales Growth % (YoY)	60%	42%	39%	43%	31%	29%	34%	34%	8%	23%	24%	15%	22%	47.7%	36.5%	40.1%	99.9%	42.9%	46.5%	56.5%	92.1%
Sales Growth % (QoQ)	-30.1%	66.8%	4%	32.3%	-38.2%	63.1%	6.9%	21.3%	-39.1%	69.7%	7.2%	-2.8%	-30.6%	71%	-0.7%	3.5%	-15.8%	57.6%	2%	47.7%	-
Expenses	175.9	234.46	143.46	137.88	107.1	158.96	103.89	94.94	79.19	119.23	78.13	69.31	70.96	101	59.37	59.78	59.54	68	45.93	44.96	32.45
Operating Profit	2.98	21.39	9.9	9.61	4.4	21.39	6.67	8.45	6.04	20.69	4.3	7.58	8.18	12	7.31	7.34	5.31	9	2.93	2.94	-0.01
OPM %	1.67	8.36	6.46	6.52	3.95	11.86	6.03	8.17	7.09	14.79	5.22	9.86	10.34	11	10.96	10.94	8.19	11	6	6.14	-0.03
Other Income	0.11	0.38	0.13	0.09	0.13	0.46	0.22	0.12	0.1	0.23	0.1	0.13	0.17	1	0.14	0.19	0.06	0	0.14	0.09	0.12
Interest	3.27	3.72	3.85	2.73	2.29	1.63	1.15	0.9	0.45	0.52	0.66	0.7	0.23	0	0.57	0.18	0.31	1	0.51	0.41	0.27
Depreciation	2.05	4.49	4.28	4.2	4.08	4.16	2.15	1.04	0.95	1.07	1.03	1.01	0.97	1	1	0.94	0.91	1	0.85	0.84	0.95
Profit before tax	-2.23	13.56	1.9	2.77	-1.84	16.06	3.59	6.63	4.74	19.33	2.71	6	7.15	12	5.88	6.41	4.15	7	1.71	1.78	-1.11
Tax %	-26.01	25.37	23.68	27.08	-20.11	27.4	22.01	27.75	23	26.23	25.46	25.17	25.17	26	24.66	27.61	25.3	26	25.73	24.16	-26.13
Net Profit	-1.66	10.12	1.45	2.03	-1.47	11.67	2.81	4.79	3.64	14.26	2.02	4.49	5.36	9	4.43	4.64	3.1	6	1.27	1.34	-0.83
Net Profit Growth % (QoQ)	-116.4%	597.9%	-28.6%	238.1%	-112.6%	315.3%	-41.3%	31.6%	-74.5%	605.9%	-55%	-16.2%	-40.4%	103.2%	-4.5%	49.7%	-48.3%	372.4%	-5.2%	261.4%	-
Net Profit Growth % (YoY)	-12.9%	-13.3%	-48.4%	-57.6%	-140.4%	-18.2%	39.1%	6.7%	-32.1%	58.4%	-54.4%	-3.2%	72.9%	50%	248.8%	246.3%	473.5%	-	-	-	-
TTM Net Profit	11.94	12.13	13.68	15.04	17.8	22.91	25.5	24.71	24.41	26.13	20.87	23.28	23.43	21.17	18.17	15.01	11.71	7.78	1.78	0.51	0
EPS in Rs	-1.04	6.41	0.93	1.29	-0.9	7.42	1.82	3.05	2.35	9.06	1.28	2.86	3.4	5.47	2.81	2.94	1.96	3.52	0.81	0.85	-0.53

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Sales	668	480	378	312	206	135	138	132	103	88
Sales Growth %	39.4%	26.7%	21.2%	51.5%	53.1%	-2.2%	4.6%	28.1%	16.9%	-
Expenses	623	437	338	280	192	124	125	118	90	78
Operating Profit	45	43	41	32	14	10	13	14	13	10
OPM %	7	9	11	10	7	8	9	10	12	11
Other Income	1	1	1	1	1	1	0	0	0	0
Interest	13	4	2	1	2	2	2	1	2	1
Depreciation	17	8	4	4	4	4	3	2	2	2
Profit before tax	16	31	35	28	10	5	8	11	10	7
Tax %	26	26	26	26	25	32	26	29	32	32
Net Profit	12	23	26	21	7	4	6	7	7	5
Net Profit Growth %	-47.8%	-11.5%	23.8%	200%	75%	-33.3%	-14.3%	-	40%	-
EPS in Rs	7.73	14.65	16.64	13.18	4.66	2.3	3.64	4.77	4.23	6.95
Dividend Payout %	29	15	12	14	26	52	33	25	24	0

Cash Flows

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Cash from Operating Activity	-11	30	10	24	8	12	-1	8	-2	8
Cash from Investing Activity	-40	-83	-23	-14	-5	-3	-7	-12	-4	-4
Cash from Financing Activity	52	49	17	-9	-3	-9	6	-10	16	0
Net Cash Flow	1	-5	4	1	0	0	-2	-13	11	3

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Equity Capital	16	16	16	16	16	16	16	16	16	16	16	7
Reserves	117	105	108	94	88	65	46	41	38	34	29	8
Borrowings	158	169	86	81	27	5	11	10	17	3	10	15
Other Liabilities	212	137	158	93	80	73	52	42	34	29	27	25
Total Liabilities	504	426	368	284	211	159	125	108	105	83	81	55
Fixed Assets	140	141	133	53	50	32	32	30	27	23	13	11
CWIP	25	12	6	52	12	0	0	1	0	0	1	0
Investments	0	0	0	0	0	5	0	0	0	0	0	0
Other Assets	338	274	229	180	149	122	93	77	78	60	68	44
Total Assets	504	426	368	284	211	159	125	108	105	83	81	55

Delivery

Delivery Data: ICEMAKE

#	Date	702 29% 904	Value (Cr)	Q/T 14	Del 54	Del 4
1	4-Sep	739	1	12	67	0
2	3-Sep	739	1	16	56	1
3	2-Sep	740	1	10	58	0
4	1-Sep	733	1	10	50	0
5	31-Aug	749	2	13	60	1
6	28-Aug	743	1	11	60	0
7	27-Aug	748	2	14	47	1
8	26-Aug	734	0	14	70	0
9	25-Aug	726	1	9	62	1
10	24-Aug	726	2	13	58	1
11	21-Aug	722	2	15	63	1
12	20-Aug	726	1	14	61	1
13	19-Aug	728	3	17	47	1
14	18-Aug	728	7	15	36	3
15	17-Aug	722	5	18	66	4
16	14-Aug	752	10	20	73	8
17	13-Aug	811	2	15	58	1
18	12-Aug	829	2	10	52	1
19	11-Aug	811	1	11	73	1
20	10-Aug	817	2	13	58	1
21	7-Aug	820	1	9	59	1
22	6-Aug	828	1	10	57	1
23	5-Aug	818	1	14	65	1
24	4-Aug	821	1	9	65	1
25	3-Aug	825	1	10	67	1
26	31-Jul	831	3	11	43	1
27	30-Jul	814	4	12	36	1
28	29-Jul	808	4	12	67	3
29	28-Jul	856	3	13	58	2
30	27-Jul	863	4	16	58	2
31	24-Jul	866	9	15	42	4
32	23-Jul	854	6	17	49	3
33	22-Jul	879	20	18	37	8
34	21-Jul	839	3	18	61	2
35	20-Jul	837	7	19	62	5
36	17-Jul	801	2	15	62	1
37	16-Jul	805	3	13	54	2
38	15-Jul	788	2	13	57	1
39	14-Jul	786	3	16	58	2
40	13-Jul	765	1	16	61	1
41	10-Jul	764	1	12	51	1
42	9-Jul	758	1	11	52	0
43	8-Jul	748	1	13	55	1
44	7-Jul	767	1	10	55	0
45	6-Jul	774	1	12	57	0
46	3-Jul	782	1	12	44	1
47	2-Jul	791	1	15	53	1
48	1-Jul	796	4	20	35	2
49	30-Jun	796	5	14	54	3
50	29-Jun	761	1	16	55	1

Daily Market Cap

Date	Total Market Cap	Change	Chg %
04-Sep	1,165c	3c	0.22
03-Sep	1,167c	6c	0.49
01-Sep	1,173c	4c	0.30
31-Aug	1,169c	20c	1.78
25-Aug	1,149c	3c	0.28
24-Aug	1,146c	9c	0.76
21-Aug	1,137c	9c	0.76
19-Aug	1,146c	2c	0.14
18-Aug	1,147c	11c	0.99
17-Aug	1,136c	47c	4.00
14-Aug	1,184c	103c	8.00
13-Aug	1,286c	23c	1.78
12-Aug	1,310c	4c	0.28
10-Aug	1,306c	17c	1.28
07-Aug	1,290c	11c	0.86
06-Aug	1,301c	10c	0.77
05-Aug	1,291c	3c	0.24
04-Aug	1,294c	8c	0.61
03-Aug	1,302c	3c	0.24
31-Jul	1,305c	14c	1.10
30-Jul	1,291c	13c	0.99
29-Jul	1,278c	79c	5.81
28-Jul	1,357c	4c	0.27
27-Jul	1,361c	3c	0.24
24-Jul	1,364c	0	0

Stock Checklist

Price is above from 52 week high low average: 30%

Stock is trading above all short term SMAs: NO

Stock is trading above all long term SMAs: YES

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: YES

Promoters are buying the stock: NO

Mutual Fund Holdings

No mutual fund holding data available.

Strategy Builder

Bulk Deals

Events

News

Exchange Filings

Annual Reports

Ratings & Research Reports

Concalls

Announcements

NseIndia | Trendlyne | Screener | TradingView