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ICE Make Refrigeration Ltd (ICEMAKE) is currently trading at 691.80 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Ice Make Refrigeration Limited manufactures industrial and commercial refrigeration systems, supplying cold rooms, transport refrigeration, commercial freezers, continuous PUF panels, condenser and evaporator coils, and related cooling solutions to dairy, ice-cream, food processing, pharmaceutical, hospitality, retail and cold chain customers from facilities in Gujarat and through subsidiaries like Bharat Refrigerations. Q3 FY26 consolidated revenue was ₹153.36 crore with a disclosed order book of ~₹180+ crore; two newly launched verticals—Continuous PUF Panels and Commercial Freezers—contributed approximately ₹43–45 crore in Q3 and management expects these lines to add ₹140–150 crore for the full year, materially accelerating Ice Make’s topline trajectory. Margins are currently compressed due to expansion-related WDV depreciation and elevated finance costs from recent loan-funded capex; management targets FY26 EBITDA around 7.5–8% with a medium-term objective to normalize to a 9–10% EBITDA range as utilization and pricing improve and interest costs decline. Ice Make sells through an extensive dealer network of over 1,120 distributors, has 16 exclusive brand shops, modest exports (~₹13–14 crore for nine months), and differentiates via refrigeration-focused product breadth, BIS certifications and in-house coil manufacturing, positioning the company to capture growth in India’s expanding cold chain and HoReCa segments.
Over the past 52 weeks, ICE Make Refrigeration Ltd has traded between a low of ₹660.30 and a high of ₹920.00. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
ICE Make Refrigeration Ltd has a market capitalization of approximately 1,081.86. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
ICE Make Refrigeration Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 90.61 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 1,081.86 Cr, ICE Make Refrigeration Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
ICE Make Refrigeration Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of ICE Make Refrigeration Ltd is 90.61. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Galilei Holdings will invest ₹180 crore in Ice Make through a preferential issue of equity shares.

Industrial Manufacturing
Industrial Products
1,092 Cr
Low Risk
91.4
47.5
2.1
8.1
920.00
660.30
Sales CAGR
Profit CAGR
ROE
ROCE