ICE Make Refrigeration Ltd.
Snapshot View

88.80 -0.55 ▼-0.6%

23 July 2021, 03:56:33 P.M.
Volume: 9,746

Overview View Details

Sector Electricals Compare with Sector peers
Industry Electronics - Components Compare with Industry peers
Website http://www.icemakeindia.com
Financial Indicators
Market Cap 139.43 Cr.
Earnings per share (EPS) 2.30 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 38.59 Trailing Twelve Months Ending 2021-03
Industry PE 46.10 Trailing Twelve Months Ending 2021-03
Book Value / Share 37.26 Trailing Twelve Months Ending 2021-03
Price to Book Value 2.38 Calculated using Price: 88.80
Dividend Yield 1.35 Period Ending 2020-03
No. of Shares Subscribed 1.57 Cr. 15,701,219 Shares
FaceValue 10
Company Profile

Ice Make Refrigeration was originally incorporated on March 31, 2009 as a private limited company under the Companies Act, 1956 in the state of Gujarat as ‘Ic Ice Make Refrigeration Private Limited’ vide Certificate of Incorporation issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Subsequently, the name of Company was changed to ‘Ice Make Refrigeration Private Limited’ vide Certificate of Incorporation pursuant to change of name dated August 04, 2015 issued by Registrar of Companies, Ahmedabad.

Business area of the Company:

Ice Make Refrigeration 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. It classifies its business into 4 verticals: (i) Cold Room (ii) Commercial Refrigeration (iii) Industrial Refrigeration and (iv) Transport Refrigeration. The company operates its business verticals under the brand of ‘Ice Make’. Top 5 products of the company are (i) Cold Room (ii) Commercial Freezer (iii) Chiller (iv) Refrigerated Vehicle and (v) Ice Cream Hardener. In December 2016, it acquired ‘Bharat Refrigerations Private Limited’, a company based in Chennai, engaged in similar business, which is now a wholly owned subsidiary of the company. Bharat Refrigerations Private Limited is present in the above business verticals through the brands named ‘Bharat’ and ‘Trans Freez’. The company’s dealers and associates are present in the cities of Bikaner, Cochin, Cuttack, Goa, Hubli, Jodhpur, Kolhapur, Kolkata, Nagpur, Patna, Pune, Pondicherry, Trivandrum, Kathmandu and Colombo. Its customers include leading and reputed names across each industry. To name some of them are Amul, Havmor, Vadilal, The Grand Bhagwati, Thirumala, Sankalp, Vimal Dairy, Scoops, Himalayan, Kitchen Express, Urmin, Haldiram’s Prabhuji etc.

Major events and milestones

  • 2009: Incorporation of Company with the name ‘Ic Ice Make Refrigeration Private Limited’
  • 2009: Takeover of running businesses of M/s Ice Make Refrigeration and M/s Colpan Poly Panel Industries.
  • 2009: Shifting of the manufacturing unit of Company.
  • 2012: Addition of new business vertical, i.e., Transport Refrigeration.
  • 2015: Change of name of Company from ‘Ic Ice Make Refrigeration Private Limited’ to ‘Ice Make Refrigeration Private Limited’.
  • 2016: Acquisition of Bharat Refrigerations Private Limited
  • 2017: Conversion into Public Limited Company

Awards/Recognition/Achievements:

  • 2011: Indian Leadership Award for Industrial Development by All India Achievers Foundation
  • 2013: Management System of our Company certified to be in accordance with ISO 9001:2015 & BS OHSAS 18001:2007 by Bureau Veritas Certification
  • 2014: Best Medium Enterprise (Manufacturing) Award by Canara Bank in respect of the Ahmedabad Circle
  • 2014: Skoch Achiever Award-2014 and Skoch Order of Merit for qualifying amongst India’s best SMEs - 2014 by Skoch group
  • 2014: Management System of Company certified to be in accordance with ISO 14001:2004 by Bureau Veritas Certification
  • 2016: ‘India SME 100’ Award of FY 2015-16 by India SME Forum for scoring in the top 100 in the overall evaluation of financial & non-financial parameters
  • 2017: CRISIL MSE*1 rating by CRISIL

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-0.62%
1 Week
+3.56%
1 Month
+6.28%
3 Month
+24.46%
6 Month
+11.91%
1 Year
+111.43%
2 Year
+27.86%
5 Year
4 years 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 32.11 22.05 15.80 11.00
Return on Capital Employed (%) 28.32 27.09 21.66 15.82
Return on Assets (%) 9.08 9.74 9.15 6.23

Balance Sheet View Details

Particulars 4 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 16 45 50 54
Non Curr. Liab. 5 2 1 3
Curr. Liab. 34 35 31 44
Minority Int.
Equity & Liab. 55 81 82 100
Non Curr. Assets 11 15 24 31
Curr. Assets 44 67 59 70
Misc. Exp. not W/O
Total Assets 55 81 82 100

Profit Loss View Details

Particulars 4 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 88 103 132 138
Other Income 0 1 0 0
Total Income 88 103 132 138
Total Expenditure -78 -90 -118 -125
PBIDT 10 13 14 13
Interest -1 -2 -1 -2
Depreciation -2 -2 -3 -3
Taxation -2 -3 -3 -2
Exceptional Items
PAT 5 7 7 6

Cash Flow View Details

Particulars 4 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 8 -2 8 -1
Cash Fr. Inv. -4 -4 -12 -7
Cash Fr. Finan. 0 16 -10 6
Net Change 3 11 -13 -2
Cash & Cash Eqvt 7 17 4 2

Shareholding Pattern View Details

9 Qtrs 2017-09 (%) 2018-03 (%) 2018-09 (%) 2019-03 (%) 2019-09 (%) 2020-03 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%)
Promoter 100.00 73.46 73.56 73.56 73.90 74.96 74.96 74.96 74.96
Public 0.00 26.54 26.45 26.44 26.10 25.04 25.03 25.03 25.04
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Wed, 14 Jul 2021
Related Party Transactions
Ice Make Refrigeration Limited has informed the Exchange about related Party Transactions. Compliance under Regulation 23(9) of the SEBI (LODR) Regulations, 2015
Tue, 13 Jul 2021
Related Party Transactions
Ice Make Refrigeration Limited has informed the Exchange about related Party Transactions. Compliance under Regulation 23(9) of the SEBI (LODR) Regulations, 2015
Wed, 07 Jul 2021
Certificate under SEBI (Depositories and Participants) Regulations, 2018
Ice Make Refrigeration Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

Technical Scans View Details

Fri, 23 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Decreasing Relative Strength - Benchmark index Decreasing Relative Strength - Benchmark index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index

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