Ice Make Refrigeration (ICEMAKE.NS) Stock Price

Ice Make Refrigeration Price

CLOSED
828.10INR+10.25 (+1.25 %)
Market closed

Over the last 12 years Ice Make Refrigeration grew revenue by 22.9% annually, reaching 4.80 B INR. Earnings per share have grown at 31.9% per year over the last 12 years. For Ice Make Refrigeration, the net margin of 4.8% is up versus 2.7% a few years ago. At today's price the dividend yield works out to roughly 0.27%. The payout ratio is around 15% of earnings. The dividend has grown at 17.0% per year over the past 4 years. The stock trades about 24% above its 52-week low.

Ice Make Refrigeration stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Ice Make Refrigeration over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Ice Make Refrigeration stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Ice Make Refrigeration's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Ice Make Refrigeration Stock Price History
DateIce Make Refrigeration Price
8/6/2026828.10 INR
8/5/2026817.85 INR
8/4/2026820.85 INR
7/31/2026831.35 INR
7/30/2026829.05 INR
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2/26/2026806.50 INR
2/25/2026808.10 INR
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2/20/2026845.35 INR
2/19/2026805.50 INR
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2/17/2026804.10 INR
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2/12/2026750.00 INR
2/11/2026750.90 INR
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1/8/2026759.90 INR
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1/6/2026779.00 INR
1/2/2026812.00 INR
1/1/2026807.45 INR
12/31/2025815.40 INR
12/30/2025805.00 INR
12/29/2025811.05 INR
12/26/2025828.80 INR
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12/22/2025800.85 INR
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12/17/2025774.80 INR
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12/15/2025776.00 INR
12/12/2025768.00 INR
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12/10/2025708.50 INR
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12/8/2025689.95 INR
12/5/2025693.00 INR
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11/28/2025710.80 INR
11/27/2025703.65 INR
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10/16/2025703.90 INR
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10/6/2025734.45 INR
10/3/2025749.00 INR
10/1/2025750.85 INR
9/30/2025743.40 INR
9/29/2025753.60 INR
9/26/2025753.00 INR
9/25/2025756.85 INR
9/24/2025774.00 INR
9/23/2025772.50 INR
9/22/2025763.00 INR
9/19/2025760.15 INR
9/18/2025770.70 INR
9/17/2025770.90 INR
9/16/2025773.00 INR
9/15/2025787.20 INR
9/12/2025797.10 INR
9/11/2025768.00 INR
9/10/2025752.00 INR
9/9/2025740.00 INR
9/8/2025735.20 INR
9/5/2025733.00 INR
9/4/2025735.00 INR
9/3/2025727.00 INR
9/2/2025732.80 INR
9/1/2025737.70 INR
8/29/2025739.00 INR
8/28/2025741.00 INR
8/26/2025726.60 INR
8/25/2025735.00 INR
8/22/2025740.70 INR
8/21/2025732.40 INR
8/20/2025738.80 INR
8/19/2025736.00 INR
8/18/2025732.95 INR
8/14/2025721.00 INR
8/13/2025727.00 INR
8/12/2025722.65 INR
8/11/2025726.80 INR
Access this data via the Eulerpool API

Ice Make Refrigeration Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2015
504.80 M INR
25.60 M INR
9.30 M INR
Jan 1, 2016
716.90 M INR
53.90 M INR
26.40 M INR
Jan 1, 2017
879.10 M INR
87.60 M INR
50.90 M INR
Jan 1, 2021
1.35 B INR
60.16 M INR
36.13 M INR
Jan 1, 2022
2.06 B INR
108.39 M INR
73.20 M INR
Jan 1, 2023
3.12 B INR
282.09 M INR
208.01 M INR
Jan 1, 2024
3.78 B INR
366.91 M INR
262.53 M INR
Jan 1, 2025
4.80 B INR
344.12 M INR
231.10 M INR

Ice Make Refrigeration Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 10, 2026, 4:25 AM
 
REVENUEB INR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB INR
EBITM INR
EBIT MARGIN%
NET INCOMEM INR
NET INCOME GROWTH%
DIV.INR
DIV. GROWTH%
SHARESM
2013201420152016201720212022202320242025
0.400.390.500.720.881.352.063.123.784.80
-3.2228.9042.0622.7753.1353.0551.5521.1726.75
21.2925.8324.6026.2632.2032.4728.1629.6631.4030.07
0.090.100.120.190.280.440.580.931.191.44
20.0023.0025.0053.0087.0060.00108.00282.00366.00344.00
4.955.884.967.409.904.465.249.039.677.17
8.008.009.0026.0050.0036.0073.00208.00262.00231.00
12.50188.8992.31-28.00102.78184.9325.96-11.83
1.201.201.802.002.25
50.0011.1112.50
15.7015.7015.7015.7015.7015.7315.7515.7715.7815.78
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Ice Make Refrigeration generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Ice Make Refrigeration retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Ice Make Refrigeration's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Ice Make Refrigeration has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Ice Make Refrigeration's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Ice Make Refrigeration stock margins

The Ice Make Refrigeration margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Ice Make Refrigeration. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Ice Make Refrigeration.
  • 3 Years

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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2015
24.56 %
5.07 %
1.84 %
Jan 1, 2016
26.31 %
7.52 %
3.68 %
Jan 1, 2017
32.19 %
9.96 %
5.79 %
Jan 1, 2021
32.51 %
4.47 %
2.68 %
Jan 1, 2022
28.15 %
5.26 %
3.55 %
Jan 1, 2023
29.66 %
9.04 %
6.66 %
Jan 1, 2024
31.41 %
9.70 %
6.94 %
Jan 1, 2025
30.09 %
7.18 %
4.82 %

Ice Make Refrigeration Stock Revenue, EBIT, Earnings per Share

The Ice Make Refrigeration earnings per share therefore indicates how much revenue Ice Make Refrigeration has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2015
32.15 INR
1.63 INR
0.59 INR
Jan 1, 2016
45.66 INR
3.43 INR
1.68 INR
Jan 1, 2017
55.99 INR
5.58 INR
3.24 INR
Jan 1, 2021
85.62 INR
3.83 INR
2.30 INR
Jan 1, 2022
130.83 INR
6.88 INR
4.65 INR
Jan 1, 2023
198.03 INR
17.89 INR
13.19 INR
Jan 1, 2024
239.79 INR
23.25 INR
16.64 INR
Jan 1, 2025
303.89 INR
21.81 INR
14.65 INR

Ice Make Refrigeration business model & stock analysis

Ice Make Refrigeration Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Ice Make Refrigeration historical P/E ratio, EBIT multiple, and P/S ratio

Ice Make Refrigeration annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Ice Make Refrigeration shares outstanding

The number of shares of Ice Make Refrigeration was 15.78 M in 2025. This indicates how many shares Ice Make Refrigeration is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2015
15.70 M Stocks
Jan 1, 2016
15.70 M Stocks
Jan 1, 2017
15.70 M Stocks
Jan 1, 2021
15.73 M Stocks
Jan 1, 2022
15.75 M Stocks
Jan 1, 2023
15.77 M Stocks
Jan 1, 2024
15.78 M Stocks
Jan 1, 2025
15.78 M Stocks

Ice Make Refrigeration Dividend History

8 years of dividend payments · 3 consecutive increases

YearAnnual DividendYoY ChangePayments
20252.25INR 12.5%
Sep 19, 20252.25INR 12.5%1/1
20242.00INR 11.1%
20231.80INR 50.0%
20221.20INR 0.0%
20211.20INR 0.0%
20201.20INR 0.0%
20191.20INR 20.0%
20181.00INR

Ice Make Refrigeration dividend history and estimates

In 2025, Ice Make Refrigeration paid a dividend amounting to 2.25 INR. Dividend means that Ice Make Refrigeration distributes a portion of its profits to its owners.
  • 3 Years

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  • Max

Dividend
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
1.20 INR
0.00 INR
Jan 1, 2022
1.20 INR
0.00 INR
Jan 1, 2023
1.80 INR
0.00 INR
Jan 1, 2024
2.00 INR
0.00 INR
Jan 1, 2025
2.25 INR
0.00 INR

Ice Make Refrigeration dividend payout ratio

In 2025, Ice Make Refrigeration had a payout ratio of 15.36%. The payout ratio indicates the percentage of the company's profits that Ice Make Refrigeration distributes as dividends.
  • 3 Years

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  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2015
13.68 %
Jan 1, 2016
13.68 %
Jan 1, 2017
13.68 %
Jan 1, 2021
52.23 %
Jan 1, 2022
25.82 %
Jan 1, 2023
13.64 %
Jan 1, 2024
12.02 %
Jan 1, 2025
15.36 %
Price targets and forecasts for Ice Make Refrigeration are not yet available.

Ice Make Refrigeration shareholder structure

% Name
0.00686%
American Century Investment Management, Inc.
American Century Investment Management, Inc.

Ice Make Refrigeration Beneficial Ownership Filings (SEC 13D/G)

Free Float
23.3%
Float Shares
-
Shares Outstanding
-

Ice Make Refrigeration Executives and Management Board

9 members · avg. age 55 · 11 % women

CP

Mr. Chandrakant Patel (53)

Chairman of the Board, Managing Director · since 2017

2.70 M INR

Management

RP

Mr. Rajendra Patel (51)

Joint Managing Director, Whole Time Director · since 2017

2.70 M INR
VP

Mr. Vipul Patel (46)

Joint Managing Director, Whole Time Director · since 2017

2.70 M INR
AP

Mr. Ankit Patel (32)

Chief Financial Officer

MD

Mr. Mandar Desai

Compliance Officer, Company Secretary

Board of Directors

HP

Mr. Harshadrai Pandya (70)

Non-Executive Independent Director

72,000.00 INR
HP

Dr. Hasmukh Patel (61)

Non-Executive Independent Director

72,000.00 INR
DK

Mrs. Darsha Kikani (64)

Non-Executive Independent Director

60,000.00 INR
KP

Mr. Krishnakant Patel (62)

Non-Executive Independent Director

Frequently asked questions about Ice Make Refrigeration

Converted at the current exchange rate, the Ice Make Refrigeration share trades at 7.53 EUR (828.10 INR).

No history available for Ice Make Refrigeration.

The revenue cannot currently be calculated for Ice Make Refrigeration.

The profit cannot currently be calculated for Ice Make Refrigeration.

The P/E ratio cannot be calculated for Ice Make Refrigeration at the moment.

The P/S cannot be calculated for Ice Make Refrigeration currently.

The Eulerpool Quality Score for Ice Make Refrigeration is 5/10.

The ISIN of Ice Make Refrigeration is INE520Y01019. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The ticker of Ice Make Refrigeration is ICEMAKE.NS. The ticker symbol is used to trade Ice Make Refrigeration shares on the stock exchange.

Over the past 12 months, Ice Make Refrigeration paid a dividend of 2.25 INR . This corresponds to a dividend yield of about 0.27 %. For the coming 12 months, Ice Make Refrigeration is expected to pay a dividend of 2.00 INR.

The current dividend yield of Ice Make Refrigeration is 0.27 %.

Ice Make Refrigeration pays a dividend, distributed in the months of , , , .

Ice Make Refrigeration paid dividends every year for the past 8 years.

For the upcoming 12 months, dividends amounting to 2.00 INR are expected. This corresponds to a dividend yield of 0.24 %.

Ice Make Refrigeration is assigned to the 'Industry' sector.

To receive the latest dividend of Ice Make Refrigeration from amounting to 2.25 INR, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Ice Make Refrigeration distributed 1.8 INR as dividends.

The dividends of Ice Make Refrigeration are distributed in INR.