IPO Plus

NSE · ICEMAKE · Engineering

ICE Make Refrigeration Ltd.

806.85
₹1,279 Cr market cap
P/E
126.42
EPS
₹6.41
Book value
₹84.28
ROE
9.17%
ROCE
9.9%
Debt / equity
1.19

Revenue & net profit by period

Bars = revenue (₹ Cr) · line = net profit (₹ Cr). Straight from disclosed results.

0120240360480Sep 24Dec 24Mar 25Mar 25Jun 25Sep 25Dec 25Mar 26
Revenue (₹ Cr) Net profit (₹ Cr)

Latest period: revenue ₹254 Cr with net profit ₹10 Cr — a 3.83% net margin, versus 0.72% the period before.

Shareholding

As of 2026-06-30

74.2%
promoter holding
  • Promoter74.2%
  • Public24.11%
  • FII0.31%
  • DII1.38%

23,616 shareholders on record

Promoter holding trend

Each disclosed period, oldest to newest

74.49%74.2%Sep 24Jun 26

52-week position

Where the current price sits in its yearly band

660807920

The band spans 1.39× from low to high.

Risk flags

Derived from disclosed data

No flags raised by the data.

Peer comparison

Engineering · ranked #43 of 151 by market cap · medians across 49 industry peers

P/E
126.42vs 132.37 peer med
P/B
9.62vs 5.59 peer med
ROE %
9.17vs 9.69 peer med
Margin %
1.82vs 6.46 peer med
CompanyMkt capP/EP/BROEMargin
Hindustan Aeronautics Ltd.₹3,06,834 Cr73.137.4822.21%27.55%
Jyoti CNC Automation Ltd.₹18,532 Cr204.749.2616.79%16.05%
MTAR Technologies Limited₹15,977 Cr360.6919.4211.43%10.87%
Azad Engineering Limited₹15,443 Cr429.3210.18.69%22.05%
Aequs Limited₹15,392 Cr10.35-7.41%-9.21%
BEML Ltd.₹14,908 Cr82.915.084.82%3.25%
Lloyds Engineering Works Ltd.₹13,136 Cr264.417.7511.36%14.59%
Action Construction Equipment Ltd.₹12,560 Cr113.176.2520.64%12.65%
Tega Industries Limited₹11,320 Cr79.353.324.19%8.43%
Titagarh Rail Systems Limited₹11,243 Cr70.334.586.51%5.24%
ICE Make Refrigeration Ltd.(this company)₹1,273 Cr125.879.579.17%1.82%

AI analysis

AI-generated · google/gemini-2.5-flash

ICE Make Refrigeration Ltd. (ICEMAKE) has a market capitalization of Rs 1321 Cr. The company reported revenue of Rs 480.42 Cr, with a growth of 26.7%. Its profit margin stands at 182.4%. The consolidated EPS is 7.73, with a PE ratio of 130.63. The company's book value is Rs 84.28.

Positives

  • +Revenue grew 26.7% to Rs 480.42 Cr.
  • +The profit margin of 182.4% is substantial.
  • +Promoter holding is high at 74.1963% as of March 31, 2026.
  • +No promoter shares are pledged (0%).

Negatives

  • The PE ratio of 130.63 suggests a high valuation relative to earnings.
  • Quarterly net profit for June 2025 was negative at Rs -1.42 Cr.
  • Promoter holding decreased from 74.9617% in March 2021 to 74.1963% in March 2026.
  • Shareholding data for DII and FII was not available for March 2021.

Financial Performance

ICE Make Refrigeration Ltd. achieved a revenue of Rs 480.42 Cr, marking a growth of 26.7%. The net profit margin was 182.4%. For the quarter ending March 2026, the company reported revenue of Rs 255.85 Cr and a net profit of Rs 10.11 Cr. This follows a net loss of Rs 1.42 Cr on revenue of Rs 111.5 Cr in June 2025.

Profitability & Returns

The company's earnings per share (EPS) are Rs 7.73. Return on equity (ROE) is 9.17% and return on capital employed (ROCE) is 9.9047%. The profit margin for the latest period is 182.4%.

Balance Sheet

ICE Make Refrigeration Ltd. has a debt-to-equity ratio of 0.5. The book value per share is Rs 84.28. No further details on assets or liabilities are available in the provided data.

Ownership & Pledges

As of March 31, 2026, promoters held 74.1963% of the company's shares. Public shareholding was 23.9401%. Domestic Institutional Investors (DII) held 1.6386% and Foreign Institutional Investors (FII) held 0.225%. There are no promoter shares pledged.

Data as of — price: 2026-07-29 · financials: Mar 26 · shareholding: Jun 26. Figures are restated only when the company files again, so a period shown here is the most recent one on record — not necessarily the current quarter.

How this is produced: every figure above is computed from exchange filings and financial data mirrored by IPO Plus — no figure is generated or estimated. This is a factual summary for information and education only. It is not investment advice, not a recommendation to buy, sell or hold any security, and contains no price targets. Verify against the company's filings and the exchanges before any decision.

Back to ICE Make Refrigeration Ltd.share price & fundamentals

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