Ice Make Refrigeration Ltd. (IN:ICEMAKE)
:ICEMAKE
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ICEMAKE Stock Chart & Stats
₹794.00
₹9.20(1.22%)
At close: 4:00 PM EST
₹794.00
₹9.20(1.22%)
Day’s Range― - ―
52-Week Range₹660.30 - ₹920.00
Previous CloseN/A
Volume12.50K
Average Volume (3M)15.10K
Market Cap
₹12.27B
Enterprise Value₹14.69B
Total Cash (Recent Filing)₹44.24M
Total Debt (Recent Filing)₹0.00
Price to Earnings (P/E)100.6
Beta1.52
Next Earnings
Aug 06, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend Yield0.28%
Share Statistics
EPS (TTM)11.39
Shares Outstanding15,779,735
10 Day Avg. Volume14,699
30 Day Avg. Volume15,095
Financial Highlights & Ratios
PEG Ratio-1.82
Price to Book (P/B)7.89
Price to Sales (P/S)1.57
P/FCF Ratio-16.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Revenue GrowthSustained double-digit top-line growth, accelerating to 32.1% in FY2026, indicates durable end-market demand and successful commercial traction. Over 2–6 months this supports scale economies, capacity utilization and market share gains, giving the company room to invest in product and distribution to entrench its position.
Capacity InvestmentConsistent negative FCF driven by heavy investment and working-capital build signals active reinvestment into the business (capacity, tooling, inventory). If investments are productive, they underpin longer-term revenue expansion and competitive positioning by expanding supply capability and supporting future margin recovery once scale is reached.
Positive ROE Track RecordAlthough ROE has declined, maintaining positive returns (~9.2%) demonstrates the company has historically converted capital into profits. This residual profitability suggests underlying operating capability and managerial competence to generate shareholder returns, which can help attract capital for growth and improve long-term sustainability if margins stabilise.
Bears Say
Margin CompressionSharp margin erosion—gross margins down roughly 9 points and net margins collapsing to 1.8%—reduces earnings power and resilience. Structural cost pressure or pricing weakness that persists will limit reinvestment capacity, make earnings volatile against revenue swings, and materially lengthen the time to profitability despite healthy sales growth.
Rising LeverageRapid rise in leverage indicates growth has been debt-funded, reducing financial flexibility. Higher debt servicing needs increase sensitivity to interest-rate and cash-flow shocks, constrain strategic options (M&A, capex), and elevate refinancing and liquidity risk over the medium term if operating performance and cash generation do not recover.
Weak Cash GenerationNegative operating and free cash flow, and repeated FCF deficits, imply the business currently cannot self-fund growth. This raises structural funding risk: continued reliance on external financing to cover operations and capex increases dilution or leverage and limits discretionary spending, undermining long-term financial stability if cash conversion does not improve.
Ice Make Refrigeration Ltd. News
ICEMAKE FAQ
What was Ice Make Refrigeration Ltd.’s price range in the past 12 months?
Ice Make Refrigeration Ltd. lowest stock price was ₹660.30 and its highest was ₹920.00 in the past 12 months.
What is Ice Make Refrigeration Ltd.’s market cap?
Ice Make Refrigeration Ltd.’s market cap is ₹12.27B.
When is Ice Make Refrigeration Ltd.’s upcoming earnings report date?
Ice Make Refrigeration Ltd.’s upcoming earnings report date is Aug 06, 2026 which is in 54 days.
How were Ice Make Refrigeration Ltd.’s earnings last quarter?
Ice Make Refrigeration Ltd. released its earnings results on May 29, 2026. The company reported ₹6.41 earnings per share for the quarter, beating the consensus estimate of N/A by ₹6.41.
Is Ice Make Refrigeration Ltd. overvalued?
According to Wall Street analysts Ice Make Refrigeration Ltd.’s price is currently Overvalued.
Does Ice Make Refrigeration Ltd. pay dividends?
Ice Make Refrigeration Ltd. pays a Annually dividend of ₹2.25 which represents an annual dividend yield of 0.28%. See more information on Ice Make Refrigeration Ltd. dividends here
What is Ice Make Refrigeration Ltd.’s EPS estimate?
Ice Make Refrigeration Ltd.’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Ice Make Refrigeration Ltd. have?
Ice Make Refrigeration Ltd. has 15,779,735 shares outstanding.
What happened to Ice Make Refrigeration Ltd.’s price movement after its last earnings report?
Ice Make Refrigeration Ltd. reported an EPS of ₹6.41 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went down -4.821%.
Which hedge fund is a major shareholder of Ice Make Refrigeration Ltd.?
Currently, no hedge funds are holding shares in IN:ICEMAKE
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
Ice Make Refrigeration Ltd.
Ice Make Refrigeration Limited (ICEMAKE.NS), an Indian firm headquartered in Gandhinagar, designs, manufactures, and supplies a comprehensive range of refrigeration products and cooling equipment. Their extensive portfolio encompasses solutions for cold rooms and dedicated storage, commercial and industrial applications, transport refrigeration, and ammonia-based cooling systems. The company provides tailor-made temperature control solutions to a diverse clientele across numerous sectors. These include the hospitality, food processing (e.g., frozen goods, dairy, ice cream, bakery, beverages, mineral water), healthcare (medicare, pharmaceuticals), agriculture (horticulture), retail, and various manufacturing industries (plastic, chemical). Established in 1989, Ice Make Refrigeration also engages in the export of its products.
Technical Analysis
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