NSE · ICEMAKE
ICE Make Refrigeration Ltd.
Revenue & net profit by period
Bars = revenue (₹ Cr) · line = net profit (₹ Cr). Straight from disclosed results.
Latest period: revenue ₹201 Cr with net profit ₹2 Cr — a 0.99% net margin, versus -0.8% the period before.
Shareholding
As of 2026-09-30
- Promoter64.52%
- Public35.2%
- FII0.03%
- DII0.25%
22,332 shareholders on record
Promoter holding trend
Each disclosed period, oldest to newest
52-week position
Where the current price sits in its yearly band
The band spans 1.53× from low to high.
Risk flags
Derived from disclosed data
- Promoter holding fell 9.68 percentage points to 64.52% in the latest disclosure.
Peer comparison
Engineering · ranked #52 of 164 by market cap · medians across 50 industry peers
| Company | Mkt cap | P/E | P/B | ROE | Margin |
|---|---|---|---|---|---|
| Hindustan Aeronautics Ltd. | ₹3,21,667 Cr | 34.51 | 7.33 | 21.79% | 27.58% |
| Indo-MIM Limited | ₹63,116 Cr | 107.35 | 19.01 | 20.94% | 16.61% |
| Bharat Dynamics Limited | ₹37,756 Cr | 72.48 | 8.35 | 10.79% | 15.04% |
| Zetwerk Manufacturing Businesses Ltd. | ₹31,264 Cr | — | 12.71 | 0% | -7.28% |
| Jyoti CNC Automation Ltd. | ₹24,405 Cr | 79.02 | 11.4 | 14.44% | 13.51% |
| MTAR Technologies Limited | ₹18,630 Cr | 136.84 | 22.64 | 11.43% | 12.51% |
| BEML Ltd. | ₹17,476 Cr | 107 | 6.08 | 5.69% | 3.34% |
| Aequs Limited | ₹16,339 Cr | — | 11.73 | -14.5% | -13.49% |
| Azad Engineering Limited | ₹15,861 Cr | 115.68 | 9.95 | 8.59% | 20.05% |
| Bonfiglioli Transmissions Ltd. | ₹14,936 Cr | 62.76 | 15.04 | 23.96% | 13.05% |
| ICE Make Refrigeration Ltd.(this company) | ₹1,255 Cr | 98.92 | 3.96 | 4% | 1.59% |
AI analysis
AI-generated · google/gemini-2.5-flashICE 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: 2026-11-14 · financials: Sep 26 · shareholding: Sep 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.
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