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About ICE Make Refrigeration Ltd
Stock PE (TTM)
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Ice Make Refrigeration Limited was originally incorporated on March 31, 2009 as a private limited company with the name "Ic Ice Make Refrigeration Private Limited". Subsequently, the name of the Company was changed to "Ice Make Refrigeration Private Limited" on August 04, 2015. Further, the Company converted into a public limited company on August 29, 2017 and the name of the Company was changed to "Ice Make Refrigeration Limited". Ice Make is a refrigeration equipment manufacturer, engaged in providing cooling solutions. The Company provides cooling solutions for cooling systems and accessories used in industries such as dairy, ice-cream, food processing, agriculture, pharmaceuticals, cold chains, logistics, hospital, hospitality and retail, among others. The Company operates its business verticals under the brand of "Ice Make". The Company is promoted by Mr. Chandrakant P. Patel, Mr. Rajendra P. Patel and Mr. Vipul I. Patel. The promoters commenced the business in 2 firms (i) Ice Make Refrigeration (Proprietorship Firm) in 1993 and (ii) Hi Make Engineers (Proprietorship Firm) in 1997 (The name was thereafter modified to Colpan Poly Panel Industries). The running business of the 2 firms was taken over by way of a business transfer agreement in 2009. The Promoters, through the aforesaid firms, had initiated business as refrigeration equipment manufacturer by Commercial Refrigeration manufacturing in 1993 and forayed into Cold Room manufacturing in 2002 as well as Industrial Refrigeration manufacturing in 2003. Subsequently, the Company introduced Transport Refrigeration manufacturing in 2012. In December 2016, The Company had acquired `Bharat Refrigerations Private Limited`, a company based in Chennai, engaged in a business similar to their business, which is now its wholly owned subsidiary. Bharat Refrigerations Private Limited is present in the above business verticals through the brands named `Bharat` and `Trans Freez`. The Company came up with a Public Issue of 41,60,000 Equity Shares by raising capital amounting to Rs 23.71 Crores in November, 2017. In 2017, the Company commissioned in-house manufacturing facility of Condenser Coil and Evaporator Coil at Dantali, Gandhinagar, Gujarat. In 2018, it launched solar cold rooms for agriculture sector. In 2019, it launched Heat Pump Food Dehydrator for the farm and food processing sector; launched Freeze Dryer for farm and food processing sector in 2020; expanded manufacturing facility for transport refrigeration at Vamaj, in Mehsana Dist in 2021; launched solar cold room brand with the brand name known as `SOLARPerifresh`20` in year 2022.
ICE Make Refrigeration share price as on 17 Jul 2025 is Rs. 803.1. Over the past 6 months, the ICE Make Refrigeration share price has increased by 10.71% and in the last one year, it has increased by 0.19%. The 52-week low for ICE Make Refrigeration share price was Rs. 575.15 and 52-week high was Rs. 1088.75.
535034
ICEMAKE
INE520Y01019
Sep
ICE Make Refrigeration Ltd FAQs
You can buy ICE Make Refrigeration Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy ICE Make Refrigeration Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Jul 17, 2025 09:08 AM the closing price of ICE Make Refrigeration Ltd was Rs.803.10.
The latest PE ratio of ICE Make Refrigeration Ltd as of Jul 17, 2025 09:08 AM is 54.75
The latest PB ratio of ICE Make Refrigeration Ltd as of Jul 17, 2025 09:08 AM is 0.10
The 52-week high of ICE Make Refrigeration Ltd share price is Rs. 1,088.75 while the 52-week low is Rs. 575.15
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jul 17, 2025 09:08 AM, the market cap of ICE Make Refrigeration Ltd stood at Rs. 1,267.29 Cr.
Market Outlook
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