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Ice Make Refrigeration Ltd. (IN:ICEMAKE)
:ICEMAKE
India Market
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Ice Make Refrigeration Ltd. (ICEMAKE) Price & Analysis

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ICEMAKE Stock Chart & Stats

₹855.80
₹9.85(1.22%)
At close: 4:00 PM EDT
₹855.80
₹9.85(1.22%)

Bulls Say, Bears Say

Bulls Say
Strong Revenue GrowthSustained top-line expansion indicates healthy demand and increasing business scale. If the company can improve cost control and cash conversion, this revenue base could support stronger earnings over the next several quarters.
Business Scale-UpOngoing scale-up can strengthen operating capabilities, customer reach and supplier economics over time. This provides a constructive foundation for the refrigeration-solutions business, even though current profitability has not yet kept pace.
Positive Equity BaseA growing equity base and positive ROE indicate that the company continues to create shareholder returns rather than operating at a loss. The lower return level signals weaker efficiency, but the underlying capital base remains supportive.
Bears Say
Margin CompressionSharp gross- and net-margin deterioration shows that additional sales are converting into substantially less profit. Unless pricing, procurement or production efficiency improves, structurally weaker margins could limit earnings growth despite strong revenue expansion.
Rising LeverageDebt has grown faster than equity as expansion was funded with borrowing, reducing financial flexibility. Higher leverage increases sensitivity to operating setbacks and may constrain future investment if profitability and cash generation remain weak.
Negative Cash GenerationPersistent negative operating and free cash flow raises concerns about earnings quality, working-capital intensity and funding needs. Continued cash deficits alongside higher debt could increase liquidity risk and make growth more dependent on external financing.

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 ₹11.80B.
      When is Ice Make Refrigeration Ltd.’s upcoming earnings report date?
      Ice Make Refrigeration Ltd.’s upcoming earnings report date is Nov 09, 2026 which is in 71 days.
        How were Ice Make Refrigeration Ltd.’s earnings last quarter?
        Ice Make Refrigeration Ltd. released its earnings results on Aug 13, 2026. The company reported -₹1.036 earnings per share for the quarter, missing the consensus estimate of N/A by N/A.
          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 0.3%. 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 -₹1.036 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went down -2.07%.
                  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.

                    Ice Make Refrigeration Ltd. (ICEMAKE) Earnings & Revenues

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