Ice Make Refrigeration financials

·UnclassifiedChart ›
Latest results Q1 FY27 · Apr–Jun 2026
Revenue
₹179cr+60.4% on Q1 FY26
Net profit
−₹1.7cr−₹1.5 cr in Q1 FY26
EBITDA margin
1.7%−2.3 pts on Q1 FY26
EPS
−₹1.04−₹0.90 in Q1 FY26

Quarterly results

Every quarter ›
₹ croreQ1 FY27Q1 FY26Change
Revenue179112+60.4%
EBITDA3.04.4−32.2%
EBITDA margin1.7%4.0%−2.3 pts
Profit before tax−2.2−1.8—
Net profit−1.7−1.5—
EPS−₹1.04−₹0.90—

Over time

Q1 FY27 · Apr–Jun 2026latest
Revenue₹179 crNet profit₹−1.7 crNet margin−0.9%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
1,045————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
1.81.80.45.15.9
−0.4−0.4−0.3−0.10.0
15115181.725.33.0
1,194————
736668480378312
—+39.3%+26.7%+21.2%—
43.945.342.540.832.1
6.0%6.8%8.9%10.8%10.3%
28.928.334.236.728.2
11.912.122.926.120.8
1.6%1.8%4.8%6.9%6.7%
₹7.57₹7.73₹14.65₹16.64₹13.18
—−47.2%−12.0%+26.2%—
—−10.630.012.024.3
—−39.9−82.3−19.7−3.8
−50.5−50.5−52.4−7.620.6
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

ICEMAKE₹662.35

Ice Make Refrigeration Limited

· Unclassified
₹ CrorePeersKRISHANAIRISDOREMEMMPSWARAJGKWLIMITEDMBAPLLGHLMcap ₹1,045 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————1,045.2
- Cash, Equiv & ST Investments5.95.10.41.81.8
+ Minority Interest0.0-0.1-0.3-0.4-0.4
+ Total Debt3.025.381.7150.9150.9
Enterprise Value————1,193.9
Revenue312.2378.4479.5668.2735.6
Growth %, YoY—+21.2+26.7+39.3—
EBITDA32.140.842.545.343.9
Margin %10.2910.778.876.785.97
EBIT28.236.734.228.328.9
Net Income20.826.122.912.111.9
Margin %6.666.914.781.821.62
EPS, Adj (current shares)13.1816.6414.657.737.57
Growth %, YoY—+26.2-12.0-47.2—
Cash from Operations24.312.030.0-10.6—
Capital Expenditures-3.8-19.7-82.3-39.9—
Free Cash Flow20.6-7.6-52.4-50.5-50.5
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Ice Make Refrigeration financials and key ratios

Prices at the 30 October 2026 close · figures from the company's filings with NSE

Ice Make Refrigeration (NSE: ICEMAKE) had a market capitalisation of ₹1,030 crore at the 30 October 2026 close (₹652.95 a share), a PE ratio of 86.2 on the last four quarters' profit and a price-to-book ratio of 7.75. In FY26 its consolidated net profit was ₹12.2 crore on revenue of ₹668 crore; in Q1 FY27 (April–June 2026) it was a loss of ₹1.6 crore. Its debt-to-equity ratio was 1.14 on 31 March 2026. Promoters held 64.52% of the shares on 30 September 2026.

Share price used
₹652.95 · 30 October 2026 close
Latest balance sheet
31 March 2026
Shareholding pattern
30 September 2026

Ice Make Refrigeration at a glance · consolidated

Market cap
₹1,030 Crat ₹652.95 · 30 Oct close
PE ratio (last 4 quarters)
86.284.5 on FY26 profit
Price to book (PB)
7.75book value ₹84.28 a share
ROE (FY26)
9.5%−10.8 pts vs FY25ROCE 14.2%
Debt to equity
1.14net debt ₹144 Cr
Promoter holding
64.52%−9.7 pts vs 30 Jun 202630 September 2026
Dividend yield
0.34%₹2.25 a share in 12 months
Net worth
₹133 Cr+7.2% vs 31 Mar 202531 March 2026
Free cash flow (FY26)
−₹50.5 Cr

Questions

What is the Ice Make Refrigeration PE ratio today?

Ice Make Refrigeration's PE ratio is 86.2 at the 30 October 2026 close (₹652.95 a share): a market capitalisation of ₹1,030 crore divided by consolidated net profit of ₹12 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹12.2 crore) it is 84.5.

What is the Ice Make Refrigeration net worth?

Ice Make Refrigeration's net worth — shareholders' equity in its consolidated balance sheet — was ₹133 crore on 31 March 2026, up 7.2% from ₹124 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹1,030 crore at the 30 October 2026 close.

What is the Ice Make Refrigeration book value per share?

Ice Make Refrigeration's book value per share was ₹84.28 on 31 March 2026: shareholders' equity of ₹133 crore divided by the 1.58 crore shares in issue, up 7.2% from ₹78.60 a year earlier. The share price at the 30 October 2026 close was ₹652.95.

What is the Ice Make Refrigeration PB ratio (price to book value)?

Ice Make Refrigeration's price-to-book (PB) ratio is 7.75 at the 30 October 2026 close: a market capitalisation of ₹1,030 crore divided by shareholders' equity (book value) of ₹133 crore on 31 March 2026. That is a book value of ₹84.28 per share against a share price of ₹652.95.

What is the Ice Make Refrigeration ROE and ROCE?

In FY26, Ice Make Refrigeration's return on equity (ROE) was 9.5% and its return on capital employed (ROCE) was 14.2%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 20.3% and ROCE 22.2%.

What is the Ice Make Refrigeration dividend yield?

Ice Make Refrigeration's dividend yield is 0.34% at the 30 October 2026 close: dividends of ₹2.25 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹652.95. They were ₹2.25 on 23 September 2026.

What is the Ice Make Refrigeration market cap?

Ice Make Refrigeration's market capitalisation was ₹1,030 crore at the 30 October 2026 close: 1.58 crore shares at ₹652.95 each.

Is Ice Make Refrigeration debt free?

No. Ice Make Refrigeration had borrowings of ₹151 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 1.14. Its cash and current investments were ₹7.2 crore, so its net debt was ₹144 crore.

What is the Ice Make Refrigeration dividend in 2026 and its record date?

In 2026, Ice Make Refrigeration has declared one dividend: ₹2.25 with record date 23 September 2026.

What is the Ice Make Refrigeration debt to equity ratio?

Ice Make Refrigeration's debt-to-equity ratio was 1.14 on 31 March 2026: borrowings of ₹151 crore against total equity of ₹133 crore. A year earlier, on 31 March 2025, it was 0.66.

What is the Ice Make Refrigeration EPS?

Ice Make Refrigeration's basic earnings per share (EPS) were ₹7.73 in FY26, against ₹14.65 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹7.58.

When are the Ice Make Refrigeration next results?

Ice Make Refrigeration has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.

What is the Ice Make Refrigeration promoter holding?

Promoters held 64.52% of Ice Make Refrigeration on 30 September 2026, down 9.68 percentage points from 74.20% the previous quarter and down 9.84 percentage points from 74.36% a year earlier, according to the shareholding pattern filed with NSE.

What is the Ice Make Refrigeration free cash flow?

In FY26, Ice Make Refrigeration generated ₹10.6 crore of cash from operations and spent ₹39.9 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹50.5 crore. In FY25 it was −₹52.4 crore.

What are the Ice Make Refrigeration latest quarterly results?

Ice Make Refrigeration's latest results are for Q1 FY27 (April–June 2026), filed on 13 August 2026: consolidated net loss ₹1.6 crore, wider than the loss of ₹1.4 crore in Q1 FY26; revenue from operations ₹179 crore, up 60.4% year on year.

What is the Ice Make Refrigeration shareholding pattern?

On 30 September 2026, Ice Make Refrigeration's shares were held by promoters 64.52%, foreign portfolio investors (FII/FPI) 0.03%, domestic institutions (DII) 0.25% and retail and other non-institutional investors 35.20%. Over the year, FII holding was up 0.02 percentage points from 0.01% and DII holding was down 1.06 percentage points from 1.31%.

What is the Ice Make Refrigeration revenue and profit in FY26?

In FY26 (April 2025–March 2026), Ice Make Refrigeration's consolidated net profit was ₹12.2 crore, down 47.2% from ₹23.1 crore in FY25, on revenue from operations of ₹668 crore (up 39.3%). Over three years, from FY23, net profit was down 41.4%.

How does the Ice Make Refrigeration PE ratio compare with its peers?

At the 30 October 2026 closing prices, on FY26 net profit, Ice Make Refrigeration's PE ratio is 84.5, the highest of the four: Krishana Phoschem 39.2, Iris Clothings 66.3 and MMP Industries 37.4, a peer average of 47.7. Each is the company's market capitalisation at that price divided by its FY26 net profit.

How does Ice Make Refrigeration compare with its peers?

On FY26 consolidated figures, against Krishana Phoschem, Iris Clothings and MMP Industries: Ice Make Refrigeration's operating margin of 4.2% is the lowest of the four (Krishana Phoschem 10.9%, Iris Clothings 12.8%, MMP Industries 6.5%; peer average 10.1%); its return on equity of 9.5% is the third highest of the four (Krishana Phoschem 38.2%, Iris Clothings 14.5%, MMP Industries 9.3%; peer average 20.6%); its revenue growth over three years of 28.9% a year is the second highest of the four (Krishana Phoschem 95.7% a year, Iris Clothings 19.1% a year, MMP Industries 15.3% a year; peer average 43.3% a year).

Ice Make Refrigeration vs Krishana Phoschem: how do they compare?

In FY26, Ice Make Refrigeration earned net profit of ₹12.2 crore on revenue of ₹668 crore, against ₹180 crore on ₹2,418 crore for Krishana Phoschem. Ice Make Refrigeration's operating margin was 4.2% (Krishana Phoschem 10.9%) and its return on equity 9.5% (Krishana Phoschem 38.2%). At the 30 October 2026 close, Ice Make Refrigeration's market capitalisation was ₹1,030 crore against ₹7,065 crore for Krishana Phoschem, and its PE ratio on FY26 profit 84.5 against 39.2.

Where do these Ice Make Refrigeration figures come from?

From Ice Make Refrigeration's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.