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 - ₹870.00
Previous CloseN/A
Volume12.50K
Average Volume (3M)15.10K
Market Cap
₹11.85B
Enterprise Value₹13.51B
Total Cash (Recent Filing)₹44.24M
Total Debt (Recent Filing)₹0.00
Price to Earnings (P/E)216.7
Beta1.35
Next Earnings
May 30, 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-4.96
Price to Book (P/B)11.04
Price to Sales (P/S)2.86
P/FCF Ratio-26.17
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 GrowthReported ~35% revenue growth reflects durable demand expansion and successful market penetration. Sustained top-line momentum supports operating leverage, funds reinvestment in production and distribution, and underpins long-term scale advantages in the industrial machinery/refrigeration segment.
Improving Gross MarginsSignificant improvement in gross margins indicates effective cost management or better pricing power. Higher gross margins create a structural cushion against input cost swings, improve margin sustainability, and provide scope to invest in R&D, service capabilities or distribution without immediate profit erosion.
Operating Cash Flow StrengthConsistently rising operating cash flow and a strong OCF-to-net-income ratio show the core business generates real cash. This durable cash generation supports working capital, funds capex programs, and reduces reliance on short-term liquidity, enabling sustainable operations even when earnings fluctuate.
Bears Say
Rising LeverageAn increase in debt-to-equity reduces financial flexibility and raises interest expense sensitivity. Higher leverage makes the company more vulnerable to demand slowdowns or rate rises, constraining strategic options and increasing refinancing risk over the medium term unless deleveraging occurs.
Negative Free Cash FlowPersistent negative free cash flow driven by heavy capex requires external financing or higher leverage to fund growth. This structural cash outflow can limit returns to shareholders, increase financing costs, and heighten execution risk if capital projects do not deliver expected returns.
Profitability Volatility / EPS DeclineA falling net margin and steep EPS decline signal earnings instability and margin pressure. Volatile profitability reduces predictability of cash generation and weakens the company's ability to service debt, invest for growth, or maintain dividends, raising medium-term operational risk.
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 ₹870.00 in the past 12 months.
What is Ice Make Refrigeration Ltd.’s market cap?
Ice Make Refrigeration Ltd.’s market cap is ₹11.85B.
When is Ice Make Refrigeration Ltd.’s upcoming earnings report date?
Ice Make Refrigeration Ltd.’s upcoming earnings report date is May 30, 2026 which is in 9 days.
How were Ice Make Refrigeration Ltd.’s earnings last quarter?
Ice Make Refrigeration Ltd. released its earnings results on Feb 14, 2026. The company reported ₹0.934 earnings per share for the quarter, beating the consensus estimate of N/A by ₹0.934.
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 ₹0.934 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 2.637%.
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 manufactures and supplies refrigeration products and equipment in India. The company offers its products under the categories of cold rooms and storage, commercial refrigeration, industrial refrigeration, transport refrigeration, and ammonia refrigeration products. It provides customized cooling solutions to various industries, including hospitality, frozen, dairy, horticulture, medicare, pharmaceuticals, retail, plastic, chemical, beverages, mineral water, ice cream, bakery, and other industries. The company also exports its products. Ice Make Refrigeration Limited was founded in 1989 and is based in Gandhinagar, India.
Technical Analysis
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