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  • Overview
  • Key Ratios
  • Financials
  • Shareholding
  • Company Info
  • Peer Comparison
Overview
  • Overview
  • Key Ratios
  • Financials
  • Shareholding
  • Company Info
  • Peer Comparison

ICE Make Refrigeration Ltd Engineering

  • Indian Private
  • BSE Code : 71704.0
  • ISIN : INE520Y01019
878.90 40 (4.79%)
  • As on 23 Jul 2026 (EOD)

  • Today’s Low

    842.90

  • Today’s High

    903.50

  • Open

    846.75

  • Perv Close

    838.70

  • 52W Low

    660.30

  • 52W High

    920.00

Key Indicators

  • P/E(TTM)

    127.38

  • Mar.Cap (₹Cr.)

    1,386.88

  • Div & Yield %

    0.26

  • Book Value(₹)

    86.22

  • Debt-Equity Ratio

    4.79

  • AGM Date

    22-Jul-2026

  • EPS

    6.90

  • P/E Ratio

    127.38

Financials Ratios

  • Debt-Equity Ratio

    0.17

  • Mar.Cap (₹Cr.)

    1,386.88

  • RONW (%)

    28.21

  • ROCE (%)

    34.00

Score Board

  • Equity (₹ in Cr.)

    15.78

  • BV (₹)

    86.20

  • Sales( ₹ in Cr.)

    667.35

  • NP (in Cr.)

    10.89

  • NP Var(%)

    -53.0

  • Div%

    23.0

  • CPS (₹)

    17.40

  • EPS (₹)

    6.90

  • Traded Value (₹ in Lakhs)

    1,386.88

  • 52 Week High

    920.00

  • 52 Week Low

    660.30

  • Price BSE

    0.0

  • Price NSE

    879.00

  • Market Capital( in Cr.)

    1,386.88

  • P/C Ratio

    50.40

  • P/E Ratio

    127.30

  • Price Vs.BV

    6.90

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Financials

All Values are in (₹Cr)
Particulars(INCOME) 2025 Mar 2024 Mar 2023 Mar 2022 Mar 2021 Mar 2020 Mar
INCOME :            
Sales Turnover 471.79 369.60 302.69 200.17 131.45 135.91
Excise Duty 0.00 0.00 0.00 0.00 0.00 0.00
Net Sales 471.79 369.60 302.69 200.17 131.45 135.91
Other Income 1.43 0.98 1.55 1.03 1.17 0.81
Stock Adjustments 10.92 1.83 -2.29 -0.97 3.62 3.94
Total Income 484.14 372.41 301.95 200.23 136.24 140.66
EXPENDITURE :            
Raw Materials 343.14 258.43 212.93 144.47 93.65 92.09
Power and Fuel Cost 1.72 1.02 0.85 0.66 3.48 2.85
Employee Cost 22.72 16.66 13.03 11.17 9.51 10.34
Other Manufacturing Expenses 43.18 31.66 22.21 14.07 7.46 8.03
Selling and Administration Expenses 26.53 21.14 16.08 11.85 8.17 11.00
Miscellaneous Expenses 3.72 2.30 3.98 2.54 2.29 1.43
Employee Benefit Expenses 22.72 16.66 13.03 11.17 9.51 10.34
Less: Preoperative Expenditure 0.00 0.00 0.00 0.00 0.00 0.00
Total Expenses 441.01 331.20 269.08 184.76 124.56 125.74
Operating Profit 43.13 41.20 32.86 15.47 11.68 14.91
Interest 3.89 1.85 1.15 1.57 1.66 1.90
Gross Profit 39.24 39.35 31.71 13.90 10.02 13.01
Depreciation 7.82 3.51 3.31 3.01 3.55 3.95
Profit Before Tax 31.42 35.84 28.40 10.89 6.47 9.06
Current Tax 8.04 9.35 7.24 2.79 1.82 2.48
Fringe Benefit tax 0.00 0.00 0.00 0.00 0.00 0.00
Deferred Tax 0.16 -0.12 0.11 -0.01 0.16 -0.09
Reported Net Profit 23.22 26.62 21.05 8.10 4.49 6.67
Extraordinary Items -0.05 0.03 0.01 0.03 0.00 0.01
Adjusted Net Profit 23.27 26.59 21.04 8.07 4.49 6.66
Adjustment below Net Profit -0.12 -0.34 0.09 -0.28 -0.01 0.29
P & L Balance brought forward 73.54 50.11 30.86 24.93 21.01 16.31
Statutory Appropriations 0.00 0.00 0.00 0.00 0.00 0.00
Appropriations 3.16 2.84 1.89 1.88 0.56 2.27
P & L Balance carried down 93.49 73.54 50.11 30.86 24.93 21.01
Dividend 0.00 0.00 0.00 0.00 0.00 0.00
Preference Dividend 0.00 0.00 0.00 0.00 0.00 0.00
Equity Dividend (%) 22.50 20.00 18.00 12.00 12.00 12.00
Dividend Per Share(Rs) 2.25 2.00 1.80 1.20 1.20 1.20
Earnings Per Share-Unit Curr 14.72 16.87 13.34 5.16 2.87 4.26
Earnings Per Share(Adj)-Unit Curr 14.72 16.87 13.34 5.16 2.87 4.26
Book Value 81.37 68.72 53.87 41.60 37.76 35.25
Book Value(Adj)-Unit Curr 81.37 68.72 53.87 41.60 37.76 35.25

Shareholding Pattern

  • Promoter Group

    74.20%

  • Public Share Holding

    25.80%

Category of Shareholder No of Shares % Holdings Demat Shares Shareholders
A]. Promoter & Group
Foreign (Promoter & Group) - Bodies Corporate 0 0.00 0 0
Foreign (Promoter & Group)-Individuals (Non-Resident / Foreign) 0 0.00 0 0
Foreign Promoter(Institutional) 0 0.00 0 0
Promoter Others 0 0.00 0 0
Sub Total 0 0.00 0 0
[2] INDIAN
Bodies Corporate-Indian (Promoter & Group) 0 0.00 0 0
Government(Central / State)-Indian (Promoter & Group) 0 0.00 0 0
Directors & their Relatives-Indian (Promoter & Group) 0 0.00 0 0
Financial Institutions / Banks-Indian (Promoter & Group) 0 0.00 0 0
Individuals / Hindu Undivided Family-Indian (Promoter & Group) 11,707,973 74.20 11,707,973 13
Partnership Firms-Indian (Promoter & Group) 0 0.00 0 0
Persons Acting in Concert 0 0.00 0 0
Trusts 0 0.00 0 0
Others 0 0.00 0 0
Sub Total 11,707,973 74.20 11,707,973 13
Total ShareHolding for Promoter & Group
B]. Publice Share Holding
1] Institution
Government(Central / State) 0 0.00 0 0
Clearing Members 0 0.00 0 0
Corporate Bodies 0 0.00 0 0
Foreign Direct Investments 0 0.00 0 0
Financial Institutions / Banks 0 0.00 0 0
Foreign Bank 0 0.00 0 0
Foreign Bodies Corporate/OCBs/FBC 0 0.00 0 0
Foreign Collaborators 0 0.00 0 0
Foreign Institutional Investors 35,500 0.23 35,500 4
Foreign Venture Capital Investors 0 0.00 0 0
Foreign Institution Other 0 0.00 0 0
Insurance Companies 0 0.00 0 0
Mutual Funds / UTI 0 0.00 0 0
Individuals (Non-Resident / Foreign) 0 0.00 0 0
NSDL Intransit 0 0.00 0 0
Others 258,564 1.64 258,564 3
Trusts 0 0.00 0 0
Venture Capital Funds 0 0.00 0 0
Sub total 294,064 1.86 294,064 7
2] Non Institution
Bodies Corporate 179,584 1.14 179,584 85
Clearing Members 4,704 0.03 4,704 4
Directors of their Relatives 0 0.00 0 0
Employees 0 0.00 0 0
Escrow Account 0 0.00 0 0
Foreign Corporate Bodies 0 0.00 0 0
Foreign Direct Investments 0 0.00 0 0
NRIs/Foreign Individuals/Foreign Nationals 125,994 0.80 125,994 417
Foreign Non Institution Other 0 0.00 0 0
Hindu Undivided Families 123,422 0.78 123,422 381
Indian Public 0 0.00 0 0
Individuals holding nominal share capital in excess of Rs. 1 lakh 327,566 2.08 327,566 5
Individuals holding nominal share capital up to Rs. 1 lakh 3,011,932 19.09 3,011,930 24,632
Market Maker 0 0.00 0 0
NSDL Transit 0 0.00 0 0
Shares in transit 0 0.00 0 0
Societies 0 0.00 0 0
Trust & Foundation 100 0.00 100 1
Others 3,400 0.02 3,400 2
Sub Total 3,777,698 23.94 3,777,696 25,531
Total Public Shareholding
C]. Shares held by Custodians and against which Depository Receipts have been issued
ADR 0 0.00 0 0
GDR 0 0.00 0 0
Other Custodians 0 0.00 0 0
Total Shares held by Custodians and against which Depository Receipts have been issued 0 0.00 0 0
Grand Total ( A + B + C ) 15,779,735 100.00 15,779,733 25,551

Company Background

ICE Make Refrigeration LtdEngineering

  • ICE Make Refrigeration Ltd
  • BSE Code : 71704.0
  • ISIN : INE520Y01019

  • Incorporation Year

    2009

  • Registered Office

    B-1 Vasupujya Chamber
    Neer Navdeep Bldg IT Cross Rod, Ahmedabad,
    Gujarat-380009

  • Telephone

    91-79-27540630

  • FAX

    91-79-27540620

  • Chairman

    Chandrakant P Patel

  • Managing Director

  • Company Secretary

    Mandar Desai

  • Auditor

    Umesh Shah & Associates

  • Face Value

    10

  • Listing

    NSE

  • Registrar

    MUFG Intime India Pvt Ltd
    C-101 247 Park,
    L B S Marg,Vikhroli West
    Mumbai - Mumbai-400083

ICE Make Refrigeration Ltd Peer Comparison

Profit & Loss
Financial Ratios
Balance Sheet
Select Company Name LTP (₹) Revenue Sales P/E Ratio ROCE %
ICE Make Refrig. 878.90 473.22 471.79 127.38 20.36
LMW 16,073.95 3,221.40 3,081.84 111.56 5.97
Thejo Engg. 1,895.00 437.88 436.46 37.28 26.69
Uniparts India 677.05 645.03 573.82 20.34 15.47
Skipper 530.30 4,644.00 4,624.48 28.88 22.84
Duncan Engg. 375.05 82.95 80.67 28.54 10.88
Affordable Robo. 189.60 160.69 193.78 32.30 8.15
Emkay Taps & Cut 93.50 77.53 41.87 12.30 -0.35
Mewar Hi-Tech 65.00 44.31 44.28 28.89 11.86
Cimmco 21.50 273.92 257.19 1.55 7.00
BKM Industries 1.82 8.68 4.45 -6.74 0.00