What is ICE Make Refrigeration Ltd (ICEMAKE) share price return in the past 10 years?

Data is not available for this company

What is the share price of ICE Make Refrigeration Ltd (ICEMAKE)?

Company share prices are keep on changing according to the market conditions. The current trading price of ICE Make Refrigeration Ltd (ICEMAKE) on 01-Jan-1970 05:30:00 at 05:30 is .

What is the P/E ratio of ICE Make Refrigeration?

The latest standalone P/E ratio of ICE Make Refrigeration as of 01-Jan-1970 is 108.90.

What is the P/B ratio of ICE Make Refrigeration Ltd (ICEMAKE)?

The latest standalone P/B ratio of ICE Make Refrigeration Ltd (ICEMAKE) as of 01-Jan-1970 is 8.65.

What is the 52-week high and low of ICE Make Refrigeration Ltd (ICEMAKE)?

The 52-week high of ICE Make Refrigeration Ltd (ICEMAKE) is Rs. 0.00 and the 52-week low is Rs. 0.00.

Sr. No.	Received from	Pending at the end of last month	Received	Resolved*	Total Pending #	Pending complaints >3months	Average Resolution time^ (in days)
1	Directly from Investors	0	0	0	0	0	0
2	SEBI (SCORES)	0	0	0	0	0	0
3	Other Sources (if any)	0	0	0	0	0	0
	Grand Total	0	0	0	0	0	0

Sr. No.

Received from

Pending at the end of last month

Received

Resolved*

Total Pending #

Pending complaints >3months

Average Resolution time^ (in days)

Directly from Investors

SEBI (SCORES)

Other Sources (if any)

Grand Total

Sr. No.	Month	Carried forward from previous month	Received	Resolved*	Pending#
1	Jun, 2026	0	0	0	0
2	Jul, 2026	0	0	0	0
3	Aug, 2026	0	0	0	0
	Grand Total	0	0	0	0

Sr. No.

Month

Carried forward from previous month

Received

Resolved*

Pending#

Jun, 2026

Jul, 2026

Aug, 2026

Grand Total

Sr. No.	Fin. Year	Received	Resolved*
1	2022-23	1	1
2	2023-24	0	0
3	2024-25	0	0
4	2025-26	1	1
	Grand Total	2	2

Sr. No.

Fin. Year

Carried forward from previous year

Received

Resolved*

Pending#

2022-23

2023-24

2024-25

2025-26

Grand Total

ICE Make Refrigeration Ltd (ICEMAKE)

Name: ICE Make Refrigeration Ltd (ICEMAKE)
Brand: ICE Make Refrigeration

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: ICEMAKE Engineering - Industrial Equipments | Small Cap | ICE Make Refrige. Share Price

BSE Share Price
Not Listed

ICE Make Refrigeration Ltd (ICEMAKE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: ICEMAKE Engineering - Industrial Equipments | Small Cap | ICE Make Refrige. Share Price

BSE Share Price
Not Listed

Key Metrics

Valuation Multiples

Market Cap

₹1,185 Cr.

Current Price

₹0

52-Week Low / High

₹0 / 0

TTM EPS

₹6.6

TTM Sales

₹736 Cr.

Book Value per Share

₹73.7

P/E Ratio

98.93

Higher than its 5-year historical median

Industry PE

50.5

Price to Book (P/B)

8.86

In line with its 5-year historical median

Price to Sales (P/S)

1.61

Lower than its 5-year historical median

EV/EBITDA

29.79

Higher than its 5-year historical median

Dividend Yield

INF%

Profitability Efficiency

Return on Equity (ROE)

9.44%

Underperforms industry median

Return on Capital Employed (ROCE)

11.84%

Underperforms industry median

Return on Assets (ROA)

2.79%

Underperforms industry median

Operating Profit Margin

6.9%

Underperforms industry median

Net Profit Margin

1.82%

Underperforms industry median

Gross Profit Margin

Underperforms industry median

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Improving versus 3-year growth rate

41.45%

Operating Profit Growth (1 Year)

Slowing versus 3-year growth rate

6.51%

Net Profit Growth (1 Year)

Slowing versus 3-year growth rate

-47.03%

Asset Quality

Promoter Holding

64.52%

Pledged shares (%) of Promoter's holding (%)

8.21%

Reserves

₹116 Cr.

Equity

₹18.2 Cr.

Face Value

₹10

All Time Low / High

₹0.00 / 0.00

ICE Make Refrigeration stock performance

Key Ratios

Check Before You Invest

Quality

Somewhat Good

Check detailed performance

Valuation

Undervalued

Check Valuation charts

Price Trend

Semi Strong

Check Price chart

Q.1 Is ICE Make Refrigeration Ltd a good quality company?

ICE Make Refrigeration Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does ICE Make Refrigeration Ltd performance compare with that of its Peers?

Q.1 Revenue growth of ICE Make Refrigeration Ltd vs industry peers?

ICE Make Refrigeration Ltd revenue CAGR is 37.77%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.

Q.1 Promoter shareholding and pledge status of ICE Make Refrigeration Ltd?

Promoters hold 64.52% of the ICE Make Refrigeration Ltd, with 8.21% of their stake pledged, indicating low pledge risk.

Q.1 Stock return of ICE Make Refrigeration Ltd over the last decade?

Over the last 5 year(s), the stock has delivered a CAGR of 55.87% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26	TTM
ROCE % ⓘ	31.4%	27.8%	22.8%	18.2%	12.2%	18%	37.2%	34.7%	20.9%	11%	-
Value Creation Index ⓘ	1.2	1.0	0.6	0.3	-0.1	0.3	1.7	1.5	0.5	-0.2	-
Growth Parameters ⓘ
Sales ⓘ	87.5	101	129	136	131	200	303	370	472	667	732
Sales YoY Gr.	-	15.5%	27.8%	5.2%	-3.3%	52.3%	51.2%	22.1%	27.7%	41.5%	-
Adj EPS ⓘ	4.4	4.3	5	4.3	2.9	5.8	13.3	16.8	14.8	7.3	6
YoY Gr.	-	-3%	18.4%	-15.3%	-32.2%	101.7%	128.5%	26.4%	-12.2%	-51%	-
BVPS (₹) ⓘ	13.5	28.5	32.2	35.1	37.6	41.5	53.9	68.7	81.4	86.2	178.9
Adj Net Profit ⓘ	5	6.7	7.9	6.7	4.5	9.2	21	26.6	23.3	11.4	11
Cash Flow from Ops. ⓘ	7.5	-0.5	6.6	-0.5	12	8.7	22.3	9.9	30.4	-13.5	-
Debt/CF from Ops. ⓘ	2	-16.5	0.3	-25.2	0.6	0.8	0.1	2.3	2.6	-11	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	25.3%	38.4%	30.2%	41.5%
Adj EPS ⓘ	5.8%	20.2%	-18.4%	-51%
BVPSⓘ	22.8%	18.1%	17%	6%
Share Price	-	56.1%	0.1%	-8.2%

Key Financial Parameters ⓘ

	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26	TTM
Return on Equity % ⓘ	38.8	22.1	16.6	12.6	7.9	14.7	28	27.5	19.7	8.7	4.5
Op. Profit Mgn % ⓘ	11.4	12.3	10.7	10.4	8	8.1	10.4	10.9	8.9	6.5	5.7
Net Profit Mgn % ⓘ	5.8	6.6	6.1	4.9	3.5	4.6	6.9	7.2	4.9	1.7	1.5
Debt to Equity ⓘ	1	0.2	0	0.2	0.1	0.1	0	0.2	0.6	1.1	-
Working Cap Days ⓘ	117	126	121	167	203	149	120	124	140	151	69
Cash Conv. Cycle ⓘ	41	42	48	81	101	70	53	53	55	62	10

Valuation of ICE Make Refrige. - Consolidated

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

4.15

7.99

7.87

7.88

8.03

8.21

* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Sales	88	103	132	138	135	206	312	378	480	668
Operating Expenses ⓘ +	78	90	118	124	124	192	280	338	437	623
Manufacturing Costs	8	8	10	14	14	19	30	39	55	75
Material Costs	55	66	87	88	91	148	220	260	333	474
Employee Cost	6	8	10	11	10	12	14	18	25	35
Other Costs ⓘ	9	8	11	11	9	12	16	21	24	38
Operating Profit ⓘ	10	13	14	13	10	14	32	41	43	45
Operating Profit Margin (%)	11.4%	12.4%	10.5%	9.8%	7.7%	7.0%	10.3%	10.8%	8.9%	6.8%
Other Income ⓘ +	0	0	0	1	1	1	1	1	1	1
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	1	2	1	2	2	2	1	2	4	13
Depreciation ⓘ	2	2	2	5	4	4	4	4	8	17
Profit Before Tax ⓘ	7	10	11	7	5	10	28	35	31	16
Tax ⓘ	2	3	3	2	2	2	7	9	8	4
Profit After Tax	5	7	7	5	4	7	21	26	23	12
PAT Margin (%)	5.7%	6.5%	5.7%	3.7%	2.7%	3.6%	6.7%	6.9%	4.8%	1.8%
Adjusted EPS (₹)	4.3	4.2	4.8	3.2	2.3	4.7	13.2	16.6	14.7	7.7
Dividend Payout Ratio (%)	0%	23.60%	25.10%	37.20%	52.10%	25.70%	13.70%	12%	15.40%	29.10%

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Equity and Liabilities
Shareholders Fund +	16	45	50	53	56	61	81	104	124	133
Share Capital ⓘ	7.20	15.67	15.67	15.67	15.67	15.70	15.78	15.78	15.78	15.78
Reserves ⓘ	8	29	34	37	40	46	65	88	108	117
Debt +	14	10	3	13	8	8	3	24	73	121
Long Term Debt	6	2	1	4	3	3	3	24	48	79
Short Term Debt	9	8	2	10	5	5	0	0	25	42
Minority Interest	0	0	0	0	0	0	0	-0	-0	-0
Trade Payables	16	18	20	22	26	34	51	54	110	140
Others Liabilities ⓘ	9	9	9	15	17	20	23	28	59	107
Total Liabilities ⓘ	55	81	82	104	107	124	158	210	366	502
Fixed Assets
Net Fixed Assets ⓘ +	11	13	23	31	30	32	32	50	133	140
Gross Block	19	22	35	46	48	54	57	78	166	190
Accumulated Depreciation	8	10	12	15	18	22	25	28	33	50
CWIP ⓘ	0	1	0	0	1	0	0	12	6	25
Investments ⓘ	0	0	0	0	0	0	5	0	0	0
Inventories	17	25	29	37	40	50	52	60	108	148
Trade Receivables	16	22	22	26	25	34	54	65	94	153
Cash Equivalents	8	17	4	2	1	2	10	9	4	7
Others Assets ⓘ	3	3	5	8	10	5	5	14	21	28
Total Assets ⓘ	55	81	82	104	107	124	158	210	366	502

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Cash Flow From Operating Activity ⓘ +	7	-2	8	0	12	8	24	10	30	-11
PBT ⓘ	5	10	11	7	5	10	28	35	31	16
Adjustment ⓘ	3	3	4	7	6	5	5	6	12	30
Changes in Working Capital ⓘ	1	-11	-2	-12	3	-4	-2	-22	-4	-50
Tax Paid ⓘ	-2	-4	-4	-2	-2	-2	-7	-9	-9	-7
Cash Flow From Investing Activity ⓘ +	-4	-4	-11	-7	-3	-5	-14	-23	-83	-40
Capex	-4	-5	-11	-8	-5	-4	-4	-33	-82	-40
Net Investments	-0	0	0	1	0	-1	-11	5	0	0
Others ⓘ	0	1	-0	0	1	0	1	5	-1	-1
Cash Flow From Financing Activity ⓘ +	-0	16	-10	5	-9	-3	-9	17	49	52
Net Proceeds from Shares ⓘ	0	24	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	-3	-1	0	0	0	0	0	0	0
Interest Paid ⓘ	-1	-2	-1	-2	-2	-2	-1	-2	-4	-13
Dividend Paid ⓘ	0	0	-2	-2	-1	-2	-2	-3	-3	-4
Others ⓘ	1	-2	-6	10	-7	-0	-7	22	56	69
Net Cash Flow ⓘ	3	11	-13	-1	-0	0	1	4	-5	1

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Ratios
ROE (%)	32.11	22.05	15.8	9.8	6.62	12.46	29.18	28.21	20.07	9.44
ROCE (%)	28.32	27.09	21.66	15.25	10.92	17.11	37.94	34.94	20.96	11.84
Asset Turnover Ratio	1.77	1.8	1.91	1.48	1.28	1.79	2.22	2.06	1.67	1.54
PAT to CFO Conversion(x)	1.4	-0.29	1.14	0	3	1.14	1.14	0.38	1.3	-0.92
Working Capital Days
Receivable Days	59.70	56.30	51	63	69	51.90	51	57.20	60.50	67.40
Inventory Days	64.40	62	62.50	87.90	105.10	79.80	59.40	53.80	63.90	70
Payable Days	109.30	93.30	79	88.10	96	73.10	70.10	73.80	90.10	96.50

Top 5 Mutual Funds Holding

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Announcements

Annual reports

No annual reports available.

Concalls

No concalls available.

ICE Make Refrigeration Ltd FAQs

The current trading price of ICE Make Refrige. on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of ICE Make Refrige. stood at ₹1,184.8 Cr

The latest P/E ratio of ICE Make Refrige. as of 31-Dec-1969 is 108.9.

The latest P/B ratio of ICE Make Refrige. as of 31-Dec-1969 is 8.65.

The 52-week high of ICE Make Refrige. is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of ICE Make Refrige. is ₹732 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that ICE Make Refrigeration Ltd is a average quality company.

The key valuation ratios of ICE Make Refrigeration Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of ICE Make Refrigeration Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About ICE Make Refrigeration Ltd

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

ICE Make Refrigeration Ltd (ICEMAKE)

ICE Make Refrigeration Ltd (ICEMAKE)

ICE Make Refrigeration stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Valuation of ICE Make Refrige. - Consolidated

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Analyst's Notes

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Financials

Equity and Liabilities

Fixed Assets

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Annual reports

Concalls

ICE Make Refrigeration Ltd FAQs

About ICE Make Refrigeration Ltd

Current Complaints

*Inclusive of complaints of previous months resolved in the current month. #Inclusive of complaints pending as on the last day of the month.

*Inclusive of complaints of previous months resolved in the current month. #Inclusive of complaints pending as on the last day of the year.

ICE Make Refrigeration Ltd (ICEMAKE)

ICE Make Refrigeration Ltd (ICEMAKE)

ICE Make Refrigeration stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Valuation of ICE Make Refrige. - Consolidated

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Financials

Equity and Liabilities

Fixed Assets

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Annual reports

Concalls

ICE Make Refrigeration Ltd FAQs

What is the share price of ICE Make Refrige.?

What is the market cap of ICE Make Refrige.?

What is the P/E ratio of ICE Make Refrige.?

What is the P/B ratio of ICE Make Refrige.?

What is the 52-week high and low of ICE Make Refrige.?

What is the TTM revenue of ICE Make Refrige.?

Is ICE Make Refrigeration Ltd a good quality company?

Is ICE Make Refrigeration Ltd undervalued or overvalued?

Is ICE Make Refrigeration Ltd a good buy now?

About ICE Make Refrigeration Ltd