ICE MAKE REFRIGERATION  Financial Statement Analysis 
                    
                    
                                                         
                                
                                                
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                            The Revenues of ICE MAKE REFRIGERATION  have increased by 21.20% YoY .
                             The Earnings Per Share (EPS) of ICE MAKE REFRIGERATION has increased by 26.25 % YoY.  | 
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| REVENUES | 
| OPERATING MARGIN | 
| PROFIT AFTER TAX | 
| EPS | 
| ROCE | 
ICE MAKE REFRIGERATION  Last 5 Annual Financial Results
 [NSE : ICEMAKE] 
            | Consolidated | Mar2024 | Mar2023 | Mar2022 | Mar2021 | Mar2020 | 
|---|---|---|---|---|---|
| Revenues | ₹378 Cr | ₹312 Cr | ₹206 Cr | ₹135 Cr | ₹138 Cr | 
| Expenses | ₹338 Cr | ₹280 Cr | ₹192 Cr | ₹124 Cr | ₹124 Cr | 
| Operating Profit (Excl OI) | ₹41 Cr | ₹32 Cr | ₹14 Cr | ₹10 Cr | ₹13 Cr | 
| Other Income | ₹0.62 Cr | ₹1.12 Cr | ₹0.71 Cr | ₹1.22 Cr | ₹0.50 Cr | 
| Interest | ₹2.12 Cr | ₹1.25 Cr | ₹1.73 Cr | ₹1.90 Cr | ₹2.29 Cr | 
| Depreciation | ₹4.08 Cr | ₹3.91 Cr | ₹3.64 Cr | ₹4.37 Cr | ₹4.80 Cr | 
| Profit Before Tax | ₹35 Cr | ₹28 Cr | ₹9.82 Cr | ₹5.28 Cr | ₹6.89 Cr | 
| Profit After Tax | ₹26 Cr | ₹21 Cr | ₹7.32 Cr | ₹3.61 Cr | ₹5.05 Cr | 
| Consolidated Net Profit | ₹26 Cr | ₹21 Cr | ₹7.32 Cr | ₹3.61 Cr | ₹5.36 Cr | 
| Earnings Per Share (Rs) | ₹16.64 | ₹13.18 | ₹4.66 | ₹2.31 | ₹3.22 | 
| PAT Margin (%) | 6.91 | 6.66 | 3.55 | 2.68 | 3.67 | 
| ROE(%) | 28.21 | 29.18 | 12.46 | 6.62 | 9.80 | 
| ROCE(%) | 34.94 | 37.94 | 17.11 | 10.92 | 15.25 | 
| Total Debt/Equity(x) | 0.24 | 0.04 | 0.14 | 0.14 | 0.26 | 
Key Financials | 
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| Market Cap | : | ₹ 1,124.4 Cr | 
| Revenue (TTM) | : | ₹ 505.8 Cr | 
| Net Profit(TTM) | : | ₹ 17.8 Cr | 
| EPS (TTM) | : | ₹ 11.3 | 
| P/E (TTM) | : | 63.2 | 
| Industry Peers & Returns | 1W | 1M | 1Y | 
| ICE MAKE REFRIGERATION | -3.4% | -4.9% | -10.3% | 
| PREMIER ENERGIES | -1.6% | 5.2% | 15.1% | 
| KAYNES TECHNOLOGY INDIA | -2.8% | -7% | 28% | 
| SYRMA SGS TECHNOLOGY | -1.5% | -1.6% | 63.6% | 
| WEBSOL ENERGY SYSTEM | 4.2% | 3.3% | -5.1% | 
| AVALON TECHNOLOGIES | 1.7% | 18.2% | 106.1% | 
| APOLLO MICRO SYSTEMS | 0.8% | -15.4% | 175.8% | 
| DCX SYSTEMS | 0.6% | -7.3% | -30% | 
| CENTUM ELECTRONICS | -0.8% | -8.5% | 48.5% | 
ICE MAKE REFRIGERATION  Revenues
 [NSE : ICEMAKE]  
                        | Y-o-Y | 21.20 %  | 
                                
| 5 Yr CAGR | 28.76 %  | 
                                
| Years | Revenues | % Change | |
|---|---|---|---|
| Mar2024 | ₹378 Cr | 21.20 | |
| Mar2023 | ₹312 Cr | 51.49 | |
| Mar2022 | ₹206 Cr | 53.06 | |
| Mar2021 | ₹135 Cr | -2.18 | |
| Mar2020 | ₹138 Cr | - | |
ICE MAKE REFRIGERATION  Operating Profit
 [NSE : ICEMAKE]  
                    | Y-o-Y | 26.94 %  | 
                        
                        
| 5 Yr CAGR | 31.86 %  | 
                        
| Years | Operating Profit | % Change | |
|---|---|---|---|
| Mar2024 | ₹41 Cr | 26.94 | |
| Mar2023 | ₹32 Cr | 121.80 | |
| Mar2022 | ₹14 Cr | 40.15 | |
| Mar2021 | ₹10 Cr | -23.38 | |
| Mar2020 | ₹13 Cr | - | |
| Operating Margins | |
|---|---|
| Y-o-Y | 4.66 %  | 
                        
| 5 Yr CAGR | 2.39 %  | 
                        
| Years | Operating Margin% | % Change | |
|---|---|---|---|
| Mar2024 | 10.77% | 4.66 | |
| Mar2023 | 10.29% | 46.37 | |
| Mar2022 | 7.03% | -8.34 | |
| Mar2021 | 7.67% | -21.73 | |
| Mar2020 | 9.8% | - | |
ICE MAKE REFRIGERATION  Profit After Tax
 [NSE : ICEMAKE]  
            | Y-o-Y | 26.21 %  | 
                    
                    
| 5 Yr CAGR | 48.79 %  | 
                    
| Years | Profit After Tax | % Change | |
|---|---|---|---|
| Mar2024 | ₹26 Cr | 26.21 | |
| Mar2023 | ₹21 Cr | 184.17 | |
| Mar2022 | ₹7.32 Cr | 102.60 | |
| Mar2021 | ₹3.61 Cr | -32.56 | |
| Mar2020 | ₹5.36 Cr | - | |
| PAT Margins | |
|---|---|
| Y-o-Y | 3.75 %  | 
                    
| 5 Yr CAGR | 17.14 %  | 
                    
| Years | PAT Margin(%) | % Change | |
|---|---|---|---|
| Mar2024 | 6.91 % | 3.75 | |
| Mar2023 | 6.66 % | 87.61 | |
| Mar2022 | 3.55 % | 32.46 | |
| Mar2021 | 2.68 % | -26.98 | |
| Mar2020 | 3.67 % | - | |
ICE MAKE REFRIGERATION  Earnings Per Share (EPS)
 [NSE : ICEMAKE]  
            | Y-o-Y | 26.25 %  | 
                    
                    
| 5 Yr CAGR | 50.77 %  | 
                    
| Years | EPS | % Change | |
|---|---|---|---|
| Mar2024 | ₹17 | 26.25 | |
| Mar2023 | ₹13 | 182.83 | |
| Mar2022 | ₹4.66 | 101.73 | |
| Mar2021 | ₹2.31 | -28.26 | |
| Mar2020 | ₹3.22 | - | |
ICE MAKE REFRIGERATION  Return on Capital Employed (ROCE)
 [NSE : ICEMAKE]  
            | Y-o-Y | -7.91 %  | 
                    
                    
| 5 Yr CAGR | 23.03 %  | 
                    
| Years | ROCE | % Change | |
|---|---|---|---|
| Mar2024 | 34.94% | -7.91 | |
| Mar2023 | 37.94% | 121.74 | |
| Mar2022 | 17.11% | 56.68 | |
| Mar2021 | 10.92% | -28.39 | |
| Mar2020 | 15.25% | - | |
ICE MAKE REFRIGERATION Share Price vs Sensex
| Current Share Price | : | ₹711.7 | 
| Current MarketCap | : | ₹ 1,124.4 Cr | 
| Updated EOD on | : | Nov 03,2025 | 
| Share Price Returns(%) | 1 Week | 1 Month | 1 Year | 
| ICE MAKE REFRIGERATION |    -3.4%  | 
                            
                     
                     -4.9%  | 
                     
                     -10.3%  | 
                    
| SENSEX |    -0.9%  |    
                      
                    
                     4.6%  | 
                     
                     5%  | 
                    
ICE MAKE REFRIGERATION related INDICES
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FAQ about ICE MAKE REFRIGERATION Financials
How the annual revenues of ICE MAKE REFRIGERATION have changed ?
The Revenues of ICE MAKE REFRIGERATION have increased by 21.20% YoY .
How the Earnings per Share (EPS) of ICE MAKE REFRIGERATION have changed?
The Earnings Per Share (EPS) of ICE MAKE REFRIGERATION has increased by 26.25 % YoY .
PREMIER ENERGIES LTD vs KAYNES TECHNOLOGY INDIA LTD vs SYRMA SGS TECHNOLOGY LTD
WEBSOL ENERGY SYSTEM LTD vs AVALON TECHNOLOGIES LTD vs