Equities

Ice Make Refrigeration Ltd

  • Add to watchlist
  • Add to portfolio
  • Add an alert
ICEMAKE:NSI

Ice Make Refrigeration Ltd

Actions
IndustrialsConstruction and Materials
  • Price (INR)761.90
  • Today's Change32.75 / 4.49%
  • Shares traded29.65k
  • 1 Year change+11.20%
  • Beta0.6477
Data delayed at least 15 minutes, as of Feb 16 2026 03:56 GMT.
More ▼
Notice
Important Notice
Please note that effective 5th February, 2026 the Financial Times will no longer publish or present securities from the Nairobi Stock Exchange.

Profile data is unavailable for this security.

About the company

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.

  • Revenue in INR (TTM)5.50bn
  • Net income in INR151.81m
  • Incorporated2009
  • Employees432.00
  • Location
    Ice Make Refrigeration Ltd226, Dantali Industrial Estate, Gota-VadAT Dantali, Tal. Kalol, District, GandhiAHMEDABAD 382721IndiaIND
  • Phone+91 8 048764213
  • Fax+91 7 927540620
  • Websitehttps://www.icemakeindia.co.in/
More ▼

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Vilas Transcore Ltd4.19bn442.18m8.32bn74.0018.442.6517.601.9818.4218.42175.02128.111.175.295.8256,673,100.0012.29--15.03--20.09--10.54--3.5930.220.0385--13.98--48.08------
Osel Devices Ltd2.46bn272.25m9.01bn52.0026.265.0931.703.6619.3819.38173.9299.990.87413.732.8247,303,500.009.67--18.38--23.26--11.07--1.476.320.3608--41.01--58.09------
Vidya Wires Ltd16.26bn508.61m10.01bn--19.80--18.510.61552.382.3881.19------------------6.04--3.13----7.99----25.32--59.08------
Paramount Communications Ltd17.78bn730.89m10.90bn355.0014.941.4512.460.61292.392.3958.1024.571.934.386.9150,078,220.007.957.6210.079.6625.4319.944.115.021.624.430.120.0047.1721.056.0826.9850.97--
IKIO Technologies Ltd5.42bn204.98m11.43bn596.0049.27--22.032.113.003.0076.65--------9,097,785.00--12.62--16.3639.8538.554.3111.53--3.81--4.0310.9428.14-46.4815.1889.95--
Ice Make Refrigeration Ltd5.50bn151.81m11.43bn432.0075.399.4438.592.089.619.61347.9876.771.554.205.3312,729,180.004.239.648.3917.4530.1930.282.735.350.66373.530.582816.4326.7328.35-11.9732.3260.7013.40
Quadrant Future Tek Ltd1.49bn-361.78m11.71bn315.00--4.34--7.88-8.95-8.9539.0767.460.61921.445.824,717,683.00-15.08---19.30--27.49---24.35--4.01-7.320.085---0.7545---269.26------
Salzer Electronics Ltd16.60bn371.02m11.72bn924.0031.38--17.810.70621.1221.12924.63--------17,965,010.00--4.37--8.4624.0018.662.373.66--2.57--7.9021.6119.4010.8313.4014.57--
Vinyas Innovative Technologies Ltd4.59bn217.44m12.80bn405.0058.865.9646.462.7917.2917.29364.95170.721.324.013.5411,335,170.006.24--11.65--17.89--4.74--1.352.660.3745--25.04--26.56------
Exicom Tele-Systems Ltd9.49bn-2.63bn13.43bn831.00--1.81--1.41-20.84-20.8475.1753.460.54851.913.0611,422,370.00-15.21---24.03--33.33---27.73--0.9408-3.570.4392---14.94---272.15------
Danish Power Ltd4.74bn666.42m13.49bn454.0016.203.9018.872.8542.3142.31284.37175.721.413.117.6810,441,020.0019.8215.7229.1526.9328.5724.0614.069.152.3621.120.0084--28.3433.1052.6899.50101.26--
JNK India Ltd6.71bn455.66m13.51bn301.0029.26--25.532.018.258.25121.14--------22,308,440.00--------22.04--6.76----4.07-----0.7488---51.79------
Indo Tech Transformers Limited7.49bn898.32m14.59bn331.0016.24--15.441.9584.5884.58705.35--------22,632,850.00--10.86--17.4929.1428.1111.997.85--45.39----21.4824.4036.32101.5670.20--
Data as of Feb 16 2026. Currency figures normalised to Ice Make Refrigeration Ltd's reporting currency: Indian Rupee INR

Institutional shareholders

0.01%Per cent of shares held by top holders
HolderShares% Held
American Century Investment Management, Inc.as of 05 Feb 20261.21k0.01%
Data from 31 Dec 2025 - 31 Dec 2025Source: FactSet Research Systems Inc.
Data Provided by LSEG
All markets data located on FT.com is subject to the FT Terms & Conditions
All content on FT.com is for your general information and use only and is not intended to address your particular requirements. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by FT and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
Any information that you receive via FT.com is at best delayed intraday data and not "real time". Share price information may be rounded up/down and therefore not entirely accurate. FT is not responsible for any use of content by you outside its scope as stated in the FT Terms & Conditions.