Compliance updated on Jun 19, 2026 Screened by AAOIFI-Certified Shariah Advisor & Auditor

Financial data updated nightly

Ice Make Refrigeration Ltd

ICEMAKE.NS ✓ COMPLIANT ☆ Track — members

NSE India · Industrials · Electrical Components & Equipment ·

India Micro Cap Analyst: N/A

Last Close

$7.88

▼ -7.37%

Market Cap $124.28M · Vol 135.77K

Key Metrics

P/E Ratio

99.16

FWD: N/A

Market Cap

$124.28M

Micro Cap

Div Yield

0.30%

Annual dividend

EPS Growth

N/A

YoY

RSI (14)

23.83

Momentum

Beta

1.23

vs Market

52W High

$9.64

18.09% below

52W Low

$6.92

12.54% above

Volume

135.77K

Avg 41.05K

P/B

7.90

Price-to-book

ROE

N/A

Return on equity

Free Float

100.00%

Public shares

Shariah Compliance8 STANDARDS

✓ Yes, Ice Make Refrigeration Ltd (ICEMAKE.NS) stock is Shariah compliant

AAOIFI—
Dow Jones Islamic (DJIM)—
FTSE Shariah—
MSCI Islamic—
S&P Shariah—
Al Rajhi—
Alinma—
Albilad—

Unlock the full Shariah report

See the verdict under each standard, the exact screening ratios, purification and zakat per share. AAOIFI-certified methodology trusted by global Islamic funds.

Which standards does ICEMAKE.NS pass?

The full report shows the verdict under each of the 8 major Shariah standards, with the business-activity and financial-ratio screens behind every one.

Do I need to purify my investment?

Members see the purification amount per share, updated every financial period under the AAOIFI methodology.

Can I calculate zakat for my shares?

Members get zakat per share and a built-in calculator for their exact holding.

Historical Returns

-8.36%

-4.40%

-2.00%

+3.77%

YTD

-7.16%

+4.03%

+32.22%

+868.62%

Financials & Valuation

TTM · Annual

Total Revenue	$71.50M
Net Income	$1.30M
Revenue Growth (YoY)	+60.43%
Gross Margin	26.52%
Operating Margin	4.23%
Net Profit Margin	1.82%
ROE	N/A
ROA · ROIC	3.76% · 8.59%

P/E Ratio	99.16
Forward P/E (FY1)	N/A
PEG Ratio	-1.82
P/S	1.57
P/B	7.90
P/FCF	N/A
EPS Growth	N/A
Outstanding Shares	15.78M

Technical Indicators

50-Day SMA	$8.32
200-Day SMA	$8.06
RSI (14)	23.83
Beta	1.23
52-Week High	$9.64
52-Week Low	$6.92

Volume Today	135.77K
Avg Daily Volume (30D)	41.05K
Relative Volume	3.31x
Volatility (10D)	39.14
Volatility (30D)	39.22
Free Float	100.00%

Analyst Consensus

N/A

Current Price $7.88

Mean Target N/A

52W Low$6.92 52W High$9.64

Current

Target

$6.92 $9.64

Current Analyst target

· 0 analysts

Identifiers

ExchangeNSE India

FIGIBBG00JFZH6Y5

ISININE520Y01019

CountryIndia

Sub-IndustryHeating, Ventilation & Air Conditioning Systems

Earnings DateN/A

TypeStocks

Instrument TypeORD Ordinary Share

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Company Profile

Ice Make Refrigeration Limited is an India-based commercial & industrial refrigeration equipment manufacturer. It is engaged in the business of providing customized cooling solutions to various clients across a wide range of industries by manufacturing and supplying refrigeration products and equipment. Its product categories include cold storage, commercial refrigeration, industrial refrigeration, transport refrigeration, and ammonia refrigeration. Its cold storage products include cold rooms, cold room polyurethane foam panels and accessories, cold room refrigeration unit, solar cold room, blast chiller and freezer, glass door display chiller, and ripening chamber. Its commercial refrigeration products include an ice cream plant, bulk milk chiller, ice candy production machine, ice cream hardener, and vacuum freeze dryer. It operates under the brand name, Ice Make, as well as under the brand names of Bharat and TransFreez through its subsidiary Bharat Refrigerations Private Limited.