Ice Make Refrigeration Limited (ICEMAKE) fundamentals
Ice Make Refrigeration Limited is a listed company in Industrial Manufacturing, part of the Capital Goods sector, listed on the NSE as ICEMAKE (ISIN INE520Y01019). This page carries its reported financials, balance sheet, cash flow, shareholding pattern and valuation ratios.
What Ice Make Refrigeration Limited does
Ice Make Refrigeration Limited is an India-based commercial & industrial refrigeration equipment manufacturer. It is engaged in the business of providing customized cooling solutions to various clients across a wide range of industries by manufacturing and supplying refrigeration products and equipment. Its product categories include cold storage, commercial refrigeration, industrial refrigeration, transport refrigeration, and ammonia refrigeration. Its cold storage products include cold rooms, cold room polyurethane foam panels and accessories, cold room refrigeration unit, solar cold room, blast chiller and freezer, glass door display chiller, and ripening chamber. Its commercial refrigeration products include an ice cream plant, bulk milk chiller, ice candy production machine, ice cream hardener, and vacuum freeze dryer. It operates under the brand name, Ice Make, as well as under the brand names of Bharat and TransFreez through its subsidiary Bharat Refrigerations Private Limited.
Valuation and market data
| Last close | ₹727.00 |
|---|---|
| Market capitalisation | ₹1,136 crore |
| Enterprise value | ₹1,190 crore |
| P/E (TTM) | 0.00 |
| Price to book | 9.19 |
| Price to sales (TTM) | 1.54 |
| Book value per share | ₹79.14 |
| Dividend yield | 0.00% |
| Sector | Capital Goods |
| Industry | Industrial Manufacturing |
| Listed since | Mon Oct 12 |
Annual results
| Period | Revenue | Profit before tax | Net profit | EPS |
|---|---|---|---|---|
| Mar 2026 | ₹668 crore | ₹15 crore | ₹11 crore | 0.00 |
| Mar 2025 | ₹473 crore | ₹31 crore | ₹23 crore | 14.72 |
| Mar 2024 | ₹371 crore | ₹36 crore | ₹27 crore | 16.87 |
| Mar 2023 | ₹304 crore | ₹28 crore | ₹21 crore | 13.35 |
| Mar 2022 | ₹201 crore | ₹11 crore | ₹8 crore | 5.16 |
Figures are as reported (standalone), in ₹ crore.
Shareholding pattern
As of Jun 2026:
| Promoters | 74.2% |
|---|---|
| Foreign institutions (FII) | 0.3% |
| Mutual funds | 0.0% |
| Other domestic institutions | 1.4% |
| Retail and others | 24.1% |
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Data is sourced from exchange filings and vendor feeds and is for research, not investment advice. Figures can be restated by the company after publication.