Strong Revenue GrowthSustained revenue growth near 35% indicates expanding demand and market penetration over multiple years. This top-line expansion provides a structural base to fund investments, improve scale economics, and supports longer-term margin recovery if cost discipline is maintained.

Improving Gross MarginsMaterial improvement in gross margins reflects durable operational gains—better sourcing, pricing or mix—that can persist beyond short cycles. Higher gross margins increase resilience to overhead and input cost volatility and enable reinvestment in product development or service capabilities.

Strong Operating Cash FlowRising operating cash generation shows the core business converts earnings into cash, supporting working capital, debt servicing and capex without immediate reliance on equity. This cash durability underpins funding for growth initiatives and cushions against cyclical downturns.

Bears Say

Net Profit Margin VolatilityVolatile and declining net margins reduce the company’s ability to translate revenue growth into sustainable earnings. Persistent margin weakness can erode returns on capital, limit reinvestment capacity, and increase sensitivity to cost inflation or pricing pressure from competitors.

Rising LeverageAn uptick in leverage raises financial risk by increasing fixed obligations and interest exposure. Higher debt constrains strategic flexibility, elevates refinancing and covenant risk in stress scenarios, and can limit the company’s ability to fund opportunistic growth without raising costly capital.

Negative Free Cash Flow From CapExPersistently negative free cash flow driven by heavy capex necessitates external funding or higher leverage, which can dilute returns or increase financing costs. If capex does not convert to proportionate revenue or margin gains, cash strain could persist and impair long-term financial flexibility.

Ice Make Refrigeration Ltd. News

Ice Make Refrigeration Announces Financial Results and Strategic Appointments

Ice Make Refrigeration Ltd. ( ($IN:ICEMAKE) ) just unveiled an update. Ice Make Refrigeration Ltd. announced the approval...

7M ago

Ice Make Refrigeration Announces Financial Results and AGM Details

An update from Ice Make Refrigeration Ltd. ( ($IN:ICEMAKE) ) is now available. Ice Make Refrigeration Ltd. announced...

7M ago

ICEMAKE FAQ

What was Ice Make Refrigeration Ltd.’s price range in the past 12 months?

Ice Make Refrigeration Ltd. lowest stock price was ₹592.00 and its highest was ₹1088.75 in the past 12 months.

What is Ice Make Refrigeration Ltd.’s market cap?

Ice Make Refrigeration Ltd.’s market cap is ₹12.79B.

When is Ice Make Refrigeration Ltd.’s upcoming earnings report date?

Ice Make Refrigeration Ltd.’s upcoming earnings report date is Jun 03, 2026 which is in 101 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. Get more investment ideas with TipRanks Premium

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.