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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
674.00 -8 (-1.22%)
  • As on 13 Oct 2026 (EOD)

  • Today’s Low

    667.00

  • Today’s High

    678.30

  • Open

    672.80

  • Perv Close

    682.30

  • 52W Low

    602.00

  • 52W High

    920.00

Key Indicators

  • P/E(TTM)

    112.52

  • Mar.Cap (₹Cr.)

    1,223.13

  • Div & Yield %

    0.29

  • Book Value(₹)

    179.67

  • Debt-Equity Ratio

    -1.22

  • AGM Date

    13-Oct-2026

  • EPS

    5.99

  • P/E Ratio

    112.52

Financials Ratios

  • Debt-Equity Ratio

    0.17

  • Mar.Cap (₹Cr.)

    1,223.13

  • RONW (%)

    28.21

  • ROCE (%)

    34.00

Score Board

  • Equity (₹ in Cr.)

    18.15

  • BV (₹)

    179.70

  • Sales( ₹ in Cr.)

    667.35

  • NP (in Cr.)

    10.89

  • NP Var(%)

    -53.0

  • Div%

    23.0

  • CPS (₹)

    15.20

  • EPS (₹)

    6.00

  • Traded Value (₹ in Lakhs)

    1,223.13

  • 52 Week High

    920.00

  • 52 Week Low

    602.00

  • Price BSE

    0.0

  • Price NSE

    674.00

  • Market Capital( in Cr.)

    1,223.13

  • P/C Ratio

    44.40

  • P/E Ratio

    112.30

  • Price Vs.BV

    6.00

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Financials

All Values are in (₹Cr)
Particulars(INCOME) 2026 Mar 2025 Mar 2024 Mar 2023 Mar 2022 Mar 2021 Mar
INCOME :            
Sales Turnover 667.35 471.79 369.60 302.69 200.17 131.45
Excise Duty 0.00 0.00 0.00 0.00 0.00 0.00
Net Sales 667.35 471.79 369.60 302.69 200.17 131.45
Other Income 1.06 1.43 0.98 1.55 1.03 1.17
Stock Adjustments 20.05 10.92 1.83 -2.29 -0.97 3.62
Total Income 688.46 484.14 372.41 301.95 200.23 136.24
EXPENDITURE :            
Raw Materials 502.80 343.14 258.43 212.93 144.47 93.65
Power and Fuel Cost 2.45 1.72 1.02 0.85 0.66 3.48
Employee Cost 33.42 22.72 16.66 13.03 11.17 9.51
Other Manufacturing Expenses 58.22 43.18 31.66 22.21 14.07 7.46
Selling and Administration Expenses 41.95 26.53 21.14 16.08 11.85 8.17
Miscellaneous Expenses 5.89 3.72 2.30 3.98 2.54 2.29
Employee Benefit Expenses 33.42 22.72 16.66 13.03 11.17 9.51
Less: Preoperative Expenditure 0.00 0.00 0.00 0.00 0.00 0.00
Total Expenses 644.73 441.01 331.20 269.08 184.76 124.56
Operating Profit 43.73 43.13 41.20 32.86 15.47 11.68
Interest 12.39 3.89 1.85 1.15 1.57 1.66
Gross Profit 31.34 39.24 39.35 31.71 13.90 10.02
Depreciation 16.63 7.82 3.51 3.31 3.01 3.55
Profit Before Tax 14.71 31.42 35.84 28.40 10.89 6.47
Current Tax 4.47 8.04 9.35 7.24 2.79 1.82
Fringe Benefit tax 0.00 0.00 0.00 0.00 0.00 0.00
Deferred Tax -0.66 0.16 -0.12 0.11 -0.01 0.16
Reported Net Profit 10.89 23.22 26.62 21.05 8.10 4.49
Extraordinary Items 0.00 -0.05 0.03 0.01 0.03 0.00
Adjusted Net Profit 10.89 23.27 26.59 21.04 8.07 4.49
Adjustment below Net Profit 0.32 -0.12 -0.34 0.09 -0.28 -0.01
P & L Balance brought forward 93.49 73.54 50.11 30.86 24.93 21.01
Statutory Appropriations 0.00 0.00 0.00 0.00 0.00 0.00
Appropriations 3.55 3.16 2.84 1.89 1.88 0.56
P & L Balance carried down 101.15 93.49 73.54 50.11 30.86 24.93
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 22.50 20.00 18.00 12.00 12.00
Dividend Per Share(Rs) 2.25 2.25 2.00 1.80 1.20 1.20
Earnings Per Share-Unit Curr 6.90 14.72 16.87 13.34 5.16 2.87
Earnings Per Share(Adj)-Unit Curr 6.90 14.72 16.87 13.34 5.16 2.87
Book Value 86.22 81.37 68.72 53.87 41.60 37.76
Book Value(Adj)-Unit Curr 86.22 81.37 68.72 53.87 41.60 37.76

Shareholding Pattern

  • Promoter Group

    64.52%

  • Public Share Holding

    35.48%

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 64.52 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 64.52 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 1,390 0.01 1,390 3
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 159,560 0.88 159,560 1
Trusts 0 0.00 0 0
Venture Capital Funds 0 0.00 0 0
Sub total 160,950 0.89 160,950 4
2] Non Institution
Bodies Corporate 129,569 0.71 129,569 75
Clearing Members 9,071 0.05 9,071 6
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 130,310 0.72 130,310 364
Foreign Non Institution Other 2,242,963 12.36 2,242,963 1
Hindu Undivided Families 124,999 0.69 124,999 363
Indian Public 0 0.00 0 0
Individuals holding nominal share capital in excess of Rs. 1 lakh 535,381 2.95 535,381 8
Individuals holding nominal share capital up to Rs. 1 lakh 3,045,762 16.78 3,045,760 21,734
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 0 0.00 0 0
Others 3,400 0.02 3,400 2
Sub Total 6,278,385 34.60 6,278,383 22,564
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 ) 18,147,308 100.00 18,147,306 22,581

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. 674.00 668.41 667.35 112.52 10.68
LMW 16,295.40 3,221.40 3,081.84 89.07 5.97
Thejo Engg. 2,032.70 521.15 514.21 36.19 24.68
TAAL Tech 1,010.30 208.61 190.10 26.36 35.69
Uniparts India 769.90 820.52 717.22 21.92 27.25
Tempsens Instruments 598.15 430.15 416.69 79.12 17.24
Skipper 528.00 5,563.38 5,552.82 29.43 21.64
Duncan Engg. 322.50 82.95 80.67 26.22 10.88
Emkay Taps & Cut 96.00 45.40 32.59 12.63 0.11
Cimmco 21.50 273.92 257.19 1.55 7.00
BKM Industries 1.82 8.68 4.45 -0.75 0.00