Close 10 Sep 1505 scanned A
NIFTY 5023,477.80+0.20%
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INDIA VIX11.80-1.05%
MIDCAP 15022,904.25-0.38%
SMALLCAP 25018,433.40+0.01%
NEXT 5072,530.90-0.44%
BREADTH61%above 200-DMA
ADV / DEC558 / 939
NSE close 10 Sep

ICEMAKE

Ice Make Refrigeration Limited
Small capRs 1,149 crRs 1.4 cr traded a dayThin: a ₹2 lakh order is 1.5% of a normal day
Close on 10 September 2026
727.90
+0.30%
52-week range28% of the way up
665.40885.95
Market cap
1,149 cr
P/E (TTM)
45.0×
EPS (TTM)
16.16
Revenue YoY
+34.1%
Q3 FY25
Profit YoY
+39.2%
Net margin
2.5%
+0.1pt vs a year ago
Growth trend
-0.3pt
vs last quarter’s YoY
1 month
-12.2%
Below 52w high
21.7%
RSI (14)
54
Daily swing
2.8%
average true range
Volume
0.6×
vs 20-day average
Traded
Rs 1 cr
median day
Close200-day averageMaterial filing
700800900Sep 25Nov 25Jan 26Mar 26May 26Jul 26Sep 26
260 sessions · hover for the filing behind a move

Key metrics

each ranked against every stock scanned tonight
Above the 200-day average
Below the median
-6.2%
One-year return
Around the median
-4.6%
Return on capital employed
n/a
Debt to equity
n/a
Profitable quarters, last four
of the last four reported
4 of 4
Cash conversion
cash from operations against reported profit
n/a
Revenue growth, year on year
latest reported quarter
+34.1%
Below the 52-week high
from the highest close of the year
-17.8%
1 week
−1.54%
1 month
−12.15%
3 months
−4.56%
6 months
−10.54%
1 year
−4.64%

The read

written from the numbers on this page
The evidence is mixed3 supporting, 3 against, 0 worth knowing

Supporting

  • matches profit jumped this quarter, which has beaten the market by +0.65 points over 20 sessions across 84,077 past signals
  • 2 of the scans it matches have a positive measured record
  • revenue grew 34% year on year in the quarter ending 31 December 2024

Against

  • trading 6% below its 200-day average
  • down 5% over twelve months
  • net margin has narrowed from 10.2% to 2.5% across four quarters

Worth knowing

  • nothing the data supports either way
The most recent financials the exchange publishes for ICEMAKE are 20 months old, so everything above about the business is history rather than a current read.
What would change this read: a close back above 776, its 200-day average.
Assembled automatically from the figures on this page — the scans matched, their measured record, the filed financials, the derivatives positioning and the peer comparison. It is not a recommendation, no one has spoken to the company, and every claim above can be checked against a number further down this page.

What is working, what is not

from the filings and from the price, with the figure behind every line
Working2

Net profit rose 39.2% year on year, from Rs 2 cr to Rs 3 cr.

+39.2%Rs 2 crRs 3 cr

Revenue rose 34.1% year on year, from Rs 82 cr to Rs 111 cr.

+34.1%Rs 82 crRs 111 cr
Needs watching2

Trading 6.2% below its 200-day average.

-6.2%

Only Rs 1.4 crore changes hands on a median day. A large order moves this price by itself.

Rs 1.4 cr
Every figure here is computed — from the company’s own filings, or from its own closing prices. Wording of 2 of these 2 filing lines was drafted by a language model, which is given the figures and may not introduce another — any sentence containing a number that did not come from the filings is discarded before it reaches this page.

How it has performed

price return over each window, beside the median NSE stock over the same days
this stockmedian NSE stock, same window-1.5%-0.7 pt vs market1W-12.2%-11.1 pt vs market1M-4.6%-7.2 pt vs market3M-10.5%-27.2 pt vs market6M-4.6%-1.5 pt vs market1Y

What the scans say today

3 of 47 matched on 10 Sep
ICEMAKE matches 3 of the 47 scans today, across 2 different kinds of evidence.

Valuation against its own history

500 sessions since 26 September 2024
43×
median 48×
56×
now 45×
ICEMAKE trades at 45× trailing earnings, close to its median of 48× over this window. The band runs from the 5th to the 95th percentile, so single-day spikes do not set the edges.
This window is short by the standards of valuation history — it begins where four quarters of filed earnings first exist. A stock can look cheap against two years and expensive against ten.

The business

from the company’s filed results
These figures are 20 months old. The most recent quarter the exchange feed publishes for this company ended 2024-12-31. Treat the growth rates below as history, not as a current read — the business may look quite different now.
Everything below is taken from the company’s own quarterly filing with the exchange — the XBRL document it submitted, not a vendor’s summary of it. Figures in rupees crore.
114797782140851031117.6%2.4%10.2%2.5%Q4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25
RevenueNet profit, drawn inside its revenue barNet margin, own scale belowrupees crore, per quarter as filed. Revenue bars start at zero.

Going for it

  • revenue grew 34% against the same quarter a year earlier
  • profit rose 39% year on year
  • revenue rose in 3 of the last 4 quarters

Going against it

  • net margin narrowed from 4.6% to 2.5%
Quarter-by-quarter numbers, as filed
QuarterRevenueProfit before taxNet profitEPSNet margin
Q3 FY25
31 Dec · consolidated
111431.822.5%
Q2 FY25
30 Sep · consolidated
103753.054.6%
Q1 FY25
30 Jun · consolidated
85542.354.3%
Q4 FY24
31 Mar · consolidated
14019149.0410.2%
Q3 FY24
31 Dec · consolidated
82321.282.4%
Q2 FY24
30 Sep · consolidated
77642.855.8%
Quarterly filings are unaudited unless stated. Consolidated figures are used where the company files both. A single quarter is a noisy thing — the trend across the column is worth more than the top row.

Where the price stands

the same figures every scan on this site is computed from
Trend
Distance from the averages traders watch. Above all of them is a bull phase; below the 200-day is the line most investors use to say otherwise.
Versus 50-day average-6.8%
Versus 200-day average-6.2%
Below 52-week high-17.8%
Above 52-week low+9.4%
Momentum
How hard it has been pushed lately. Above 70 on RSI is stretched, below 30 is washed out — neither is a signal on its own.
RSI (14)53.6
Higher closes in last 52 of 5
Six-month return−10.54%
Risk and liquidity
What a position costs to hold and to exit. Position sizing starts with the daily swing, not with conviction.
Typical daily swing (ATR)2.81%
Volume versus 20-day0.6x
Median daily turnoverRs 1.4 cr