Ice Make Refrigeration share price
NSE: ICEMAKEIndustrial ManufacturingSmall Cap
Last close ₹625.65down ₹7.05 (1.11%)
Share price at the NSE close on 23 Oct 2026. Previous close ₹632.70.
52-week range of traded prices to 23 Oct 2026
₹602.00Low, 1 Oct 2026₹920.00High, 26 May 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹1,135 Cr1,382nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 13 Aug 2026
- 95.0
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
- Shares changed
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.36%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 13 Aug 2026
- 9.3%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 13 Aug 2026
- 10.2%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 29 May 2026
- 1.14
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 11,69345.5% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 13 Aug
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹179 Crdown 30.08%
- Net profitNet profit. Under it, net profit in the quarter before. A change in per cent is not worked out where either period is a loss or nothing.
- −₹1.65 CrQuarter to Mar 2026: ₹10 Cr
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- −0.9%
Revenue by year
Peak revenue ₹668 Cr, year to Mar 2026
Net profit by year, a loss in red
| ₹ crore | Sep 2024Filed 14 Nov | Dec 2024Filed 8 Feb | Mar 2025Filed 17 May | Jun 2025Filed 7 Aug | Sep 2025Filed 11 Nov | Dec 2025Filed 14 Feb | Mar 2026Filed 29 May | Jun 2026Filed 13 Aug |
|---|---|---|---|---|---|---|---|---|
| Revenue | 103 | 111 | 180 | 112 | 147 | 153 | 256 | 179 |
| Net profit | 5 | 3 | 12 | −1 | 2 | 1 | 10 | −2 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 4.6% | 2.5% | 6.5% | −1.3% | 1.4% | 0.9% | 4.0% | −0.9% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment which carries all its revenue.
Valuation
Today, against the company's own history. Not shown, P/B: the share count changed after the latest balance sheet (a rights issue, a buyback, an allotment or a listing), which does not yet hold the money it brought or returned. Not shown, EV/EBITDA: the share count changed after the latest balance sheet (a rights issue, a buyback, an allotment or a listing), which does not yet hold the money it brought or returned.PE ratio and valuation history
Price to earningsPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
At or below today's level on 92% of 1,240 trading days over the last 5 years.
LowestHighest
Its median42.5Industry median27.7
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 67% of 1,229 trading days over the last 5 years.
LowestHighest
Its median0.31%Industry median0.44%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −25.8% | −47.2% | +40.1% | 0.3% |
| 3 years | +36.7% | −16.3% | +63.0% | 0.3% |
| 5 years | +59.0% | +27.3% | +24.4% | 0.6% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.
Peers and competitors
Industrial Products, 191 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Ice Make Refrigeration in market cap. 1 company in the table last traded before then: its row is priced on its last trade.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Prizor ViztechPRIZOR | 1,280 | 61.1 | 17.2 | – | +115.2% | +106.4% | 35.8% | – | 0.00% |
 Walchandnagar IndustriesWALCHANNAG | 1,273 | – | 3.5 | 59.6 | +38.0% | – | −0.9% | 2.1% | 0.00% |
 Eimco Elecon (India)EIMCOELECO | 1,261 | 29.9 | 2.6 | 25.1 | +25.3% | +2.9% | 9.0% | 8.5% | 0.18% |
 Emkay ToolsETL | 1,159 | 19.7 | 8.3 | – | – | – | 52.5% | – | 0.28% |
 Everest Kanto CylinderEKC | 1,105 | 8.8 | 0.8 | 6.4 | −7.3% | +3.2% | 9.6% | 8.4% | 0.71% |
 Airfloa Rail TechnologyAIRFLOA | 1,095 | 28.0 | 4.6 | – | – | – | 16.4% | – | 0.00% |
 Rajoo EngineersRAJOOENG | 1,026 | 21.5 | 3.0 | 14.8 | +32.8% | +0.3% | 18.8% | 14.6% | 0.26% |
 Mamata MachineryMAMATA | 941 | 105.2 | 5.1 | 65.5 | −13.3% | −79.3% | 5.0% | 5.0% | 0.13% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.Highest ₹2.25 a share, years to Mar 2025 and Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 23 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.25 |
| 19 Sep 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.25 |
| 20 Sep 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.00 |
| 15 Sep 2023 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹1.80 |
| 8 Sep 2022 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹1.20 |
| 16 Sep 2021 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹1.20 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Share news and announcements
Sep 2026
Ice Make Refrigeration share price by year
Each calendar year to 2025.Ice Make Refrigeration share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 809.65 | +8.3% | 1,045.95 | 598.40 |
| 2024 | 747.65 | +21.2% | 934.50 | 441.05 |
| 2023 | 616.80 | +144.0% | 710.65 | 249.70 |
| 2022 | 252.75 | +251.0% | 307.35 | 68.20 |
| 2021 | 72.00 | −31.6% | 102.50 | 58.90 |
| 2020 | 105.30 | +96.8% | 115.45 | 26.00 |
| 2019 | 53.50 | −26.1% | 87.80 | 53.10 |
| 2018 | 72.35 | −36.1% | 121.75 | 69.10 |
| 2017 | 113.25 | – | 115.70 | 68.40 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2017 is from its first session, 8 Dec 2017.
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 625.00 | 631.30 | 612.05 | 625.65 | 621.59 | 11,693 | 45.5% |
| 22 Oct 2026 | 625.20 | 633.70 | 618.00 | 632.70 | 628.51 | 12,237 | 53.7% |
| 21 Oct 2026 | 634.90 | 653.95 | 622.05 | 625.20 | 631.60 | 10,955 | 33.1% |
| 19 Oct 2026 | 664.90 | 678.95 | 641.05 | 643.70 | 650.22 | 8,779 | 49.8% |
| 16 Oct 2026 | 661.00 | 669.50 | 656.05 | 664.90 | 664.51 | 6,367 | 51.2% |
| 15 Oct 2026 | 670.75 | 671.55 | 661.10 | 667.25 | 666.92 | 4,256 | 46.7% |
| 14 Oct 2026 | 674.00 | 682.95 | 664.00 | 666.40 | 668.61 | 9,143 | 63.3% |
| 13 Oct 2026 | 672.80 | 678.30 | 667.00 | 674.00 | 671.74 | 8,030 | 59.8% |
| 12 Oct 2026 | 664.30 | 688.05 | 646.00 | 682.30 | 667.93 | 14,444 | 55.7% |
| 9 Oct 2026 | 659.95 | 663.80 | 641.25 | 661.00 | 654.25 | 20,001 | 45.7% |
Prices in ₹ per share as traded, not adjusted.
Company details
- Legal name
- Ice Make Refrigeration Limited
- NSE symbol
- ICEMAKE
- ISIN
- INE520Y01019
- Industry
- Industrial Manufacturing
- Listed
- Dec 2017
- Face value
- ₹10