Debut Plus

NSE · ICEMAKE

ICE Make Refrigeration Ltd.

727.9
₹1,145 Cr market cap
P/E
95.61
EPS
₹7.59
Book value
₹84.28
ROE
9.17%
ROCE
9.9%
Debt / equity
0.5

Revenue & net profit by period

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

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

Latest period: revenue ₹176 Cr with net profit ₹-1 Cr — a -0.8% net margin, versus 3.83% 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

660728920

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 #47 of 156 by market cap · medians across 49 industry peers

P/E
95.61vs 62.68 peer med
P/B
8.61vs 5.52 peer med
ROE %
9.17vs 10.3 peer med
Margin %
162.7vs 9.85 peer med
CompanyMkt capP/EP/BROEMargin
Hindustan Aeronautics Ltd.₹3,31,044 Cr35.518.0722.21%27.59%
Indo-MIM Limited₹49,772 Cr84.6614.9920.94%16.61%
Bharat Dynamics Limited₹43,804 Cr84.110.339.91%18.94%
Jyoti CNC Automation Ltd.₹22,831 Cr70.9511.4116.79%14.68%
MTAR Technologies Limited₹22,470 Cr165.0527.3211.43%12.51%
Azad Engineering Limited₹17,912 Cr128.8811.728.69%21.77%
BEML Ltd.₹16,907 Cr94.725.764.82%3.93%
Aequs Limited₹15,423 Cr10.38-7.41%-12.42%
Action Construction Equipment Ltd.₹13,352 Cr30.566.6220.64%12.8%
Tega Industries Limited₹12,934 Cr299.963.84.19%-3.04%
ICE Make Refrigeration Ltd.(this company)₹1,149 Cr95.98.649.17%1.63%

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: 2026-09-10 · financials: Jun 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.

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