ICE Make Refrig.

Market Cap: Micro Cap
Industry: Industrial Manufacturing
ISIN: INE520Y01019
NSEID: ICEMAKE
BSEID:

INR

775.35

11 (1.44%)

BSENSE

Dec 17

BSE+NSE Vol: 4015

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    "sid": 1002883,
    "name": "ICE Make Refrig.",
    "stock_name": "ICE Make Refrig.",
    "full_name": "ICE Make Refrigeration Ltd",
    "name_url": "stocks-analysis/ice-make-refrig",
    "exchange": 1,
    "exchangecode": "",
    "country_id": 34,
    "currency": "INR",
    "cmp": "775.35",
    "chg": 11,
    "chgp": "1.44%",
    "dir": 1,
    "prev_price": "764.35",
    "mcapval": "1,223.48 Cr",
    "mcap": "Micro Cap",
    "scripcode": "",
    "symbol": "ICEMAKE",
    "ind_name": "Industrial Manufacturing",
    "ind_code": 62,
    "indexname": "",
    "isin": "INE520Y01019",
    "curr_date": "Dec 17",
    "curr_time": "",
    "bse_nse_vol": 4015,
    "exc_status": "Active",
    "traded_date": "Dec 17, 2025",
    "traded_date_str": "2025 12 17",
    "score": "",
    "scoreText": "",
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  "news": {
    "results": [
      {
        "title": "Why is ICE Make Refrig. falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-ice-make-refrig-fallingrising-3757832",
        "imagepath": "",
        "date": "2025-12-13 01:17:49",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Recent Price Movement and Market Context</strong></p>\n<p>On 12-Dec, ICE Make Refrigeration’s shares gained ₹8.05, marking a 1.07% increase. This rise is consistent with the stock’s strong short-term performance, having appreciated by 9.84% over the past week and 11.39% in the last month. These gains significantly outpace the broader Sensex, which declined by 0.53% over the week and rose modestly by 0.66% in the month. The stock’s recent momentum is further supported by its trading above key moving averages such as the 5-day, 20-day, 50-day, and 100-day averages, although it remains below the 200-day moving average, indicating some longer-term resistance.</p>\n<p>Investor participation has surged, with delivery volumes on 11 Dec reaching 41,080 shares, a remarkable 401.78% increase compared to..."
      },
      {
        "title": "ICE Make Refrigeration Sees Mixed Technical Signals Amid Price Momentum Shift",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/ice-make-refrigeration-shows-mixed-technical-signals-amid-price-momentum-shift-3757094",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/12/ICEMakeRefriger_technicaldot_3757094.png",
        "date": "2025-12-12 08:10:20",
        "description": "ICE Make Refrigeration has experienced a notable shift in its technical parameters, reflecting a nuanced change in price momentum. Recent market data reveals a complex interplay of bullish and bearish signals across key technical indicators, suggesting a cautious outlook for investors in the industrial manufacturing sector."
      },
      {
        "title": "Is ICE Make Refrig. technically bullish or bearish?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-ice-make-refrig-technically-bullish-or-bearish-3745721",
        "imagepath": "",
        "date": "2025-12-04 08:49:41",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Technical Trend Overview</strong></p>\n<p>The technical trend for ICE Make Refrig. has transitioned to a bearish stance, signalling increased selling pressure and a cautious market sentiment. This shift was noted on 3 December 2025, reflecting a deterioration from the previous mildly bearish condition. Such a change often suggests that the stock may face downward momentum in the near term unless offset by positive catalysts.</p>\n<p><strong>Key Technical Indicators</strong></p>\n<p>Analysing the Moving Average Convergence Divergence (MACD), a widely respected momentum indicator, the weekly chart indicates a bearish signal, while the monthly chart remains mildly bearish. This divergence suggests that short-term momentum is weaker, with longer-term momentum showing tentative signs of stabilisatio..."
      },
      {
        "title": "ICE Make Refrigeration Faces Bearish Momentum Amid Mixed Technical Signals",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/ice-make-refrigeration-faces-bearish-momentum-amid-technical-downturn-3745521",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/12/ICEMakeRefriger_technicaldot_3745521.png",
        "date": "2025-12-04 08:11:59",
        "description": "ICE Make Refrigeration, a key player in the Industrial Manufacturing sector, is currently exhibiting a shift in price momentum with technical indicators signalling a predominantly bearish trend. Recent market data reveals a complex interplay of signals from moving averages, MACD, RSI, and other momentum oscillators, reflecting a nuanced market assessment for the stock."
      },
      {
        "title": "ICE Make Refrigeration Technical Momentum Shifts Amid Mixed Market Signals",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/ice-make-refrigeration-technical-momentum-shifts-amid-mixed-market-signals-3742971",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/12/ICEMakeRefriger_technicaldot_3742971.png",
        "date": "2025-12-03 08:08:14",
        "description": "ICE Make Refrigeration has experienced a nuanced shift in its technical momentum, reflecting a complex interplay of market forces and indicator signals. While some metrics suggest a mild bearish stance, others hint at stabilisation or sideways movement, underscoring the importance of a detailed technical analysis for investors navigating this industrial manufacturing stock."
      },
      {
        "title": "ICE Make Refrig. Sees Revision in Market Evaluation Amid Challenging Financial Trends",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/ice-make-refrig-downgraded-to-strong-sell-amid-deteriorating-fundamentals-3737137",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/ICEMakeRefrig_mojoScore_3737137.png",
        "date": "2025-11-30 10:24:34",
        "description": "ICE Make Refrig., a microcap player in the Industrial Manufacturing sector, has experienced a revision in its market evaluation reflecting shifts in its fundamental and technical outlook. The recent assessment highlights a more cautious stance on the stock, influenced by a combination of valuation concerns, financial performance, and technical indicators."
      },
      {
        "title": "How has been the historical performance of ICE Make Refrig.?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-ice-make-refrig-3694841",
        "imagepath": "",
        "date": "2025-11-12 23:57:13",
        "description": "Answer:\nThe historical performance of ICE Make Refrig. shows a consistent growth in net sales and profitability over the years, with net sales reaching 479.52 Cr in Mar'25, up from 378.38 Cr in Mar'24 and significantly higher than 312.21 Cr in Mar'23. The total operating income mirrored this upward trend, also hitting 479.52 Cr in Mar'25. The raw material costs have increased to 343.91 Cr in Mar'25 from 262.75 Cr in Mar'24, indicating rising input costs. Despite this, the operating profit (PBDIT) increased to 43.45 Cr in Mar'25, reflecting a healthy operating profit margin of 8.87%. Profit before tax saw a slight decrease to 31.02 Cr in Mar'25 from 35.20 Cr in Mar'24, while profit after tax was 22.90 Cr, down from 26.14 Cr in the previous year. The consolidated net profit for Mar'25 was 23.11 Cr, a decrease from 26.25 Cr in Mar'24. \n\nBreakdown:\nThe company's total expenditure, excluding depreciation, rose t..."
      },
      {
        "title": "Why is ICE Make Refrig. falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-ice-make-refrig-fallingrising-3687202",
        "imagepath": "",
        "date": "2025-11-10 23:15:08",
        "description": "As of 10-Nov, ICE Make Refrigeration Ltd is experiencing a decline in its stock price, currently at 678.75, which reflects a decrease of 24.75 or 3.52%. The stock has underperformed its sector by 1.98% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 26% compared to the 5-day average. Over the past week, the stock has decreased by 4.62%, and it has shown a significant decline of 24.42% over the past year, contrasting sharply with the Sensex, which has gained 5.91% during the same period.\n\nIn the broader market context, ICE Make Refrigeration's recent performance is notably weaker than the benchmark, as it has underperformed the Sensex by a considerable margin in both the short-term and long-term. While the Sensex has shown a positive return of 1.14% over the past ..."
      },
      {
        "title": "Is ICE Make Refrig. technically bullish or bearish?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-ice-make-refrig-technically-bullish-or-bearish-3674665",
        "imagepath": "",
        "date": "2025-11-06 08:31:50",
        "description": "As of 4 November 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance is bearish with moderate strength. Key indicators driving this include a bearish MACD on the weekly timeframe, a bearish signal from the daily moving averages, and a mildly bearish KST on the monthly timeframe. The Bollinger Bands are also indicating a bearish trend on the weekly chart. Overall, the lack of strong bullish signals from the RSI and Dow Theory further supports the bearish outlook...."
      }
    ],
    "total": 104,
    "sid": "1002883",
    "stock_news_url": "https://www.marketsmojo.com/news/ice-make-refrigeration-1002883"
  },
  "announcements": [
    {
      "details": "Ice Make Refrigeration Limited has informed the Exchange regarding Analysts/Institutional Investor Meet/Con. Call Updates",
      "source": "NSE",
      "caption": "Ice Make Refrigeration Limited - Analysts/Institutional Investor Meet/Con. Call Updates",
      "datetime": "13-Nov-2019"
    }
  ],
  "corporate_actions": [
    {
      "img": "board-meeting.svg",
      "title": "BOARD MEETING",
      "msg": "<span>No</span> Upcoming Board Meetings",
      "data": []
    },
    {
      "img": "dividend.svg",
      "title": "DIVIDEND",
      "msg": "",
      "data": [
        {
          "txt": "ICE Make Refrigeration Ltd has declared <strong>22%</strong> dividend, ex-date: 19 Sep 25",
          "dt": "2025-09-19",
          "middle_text": "Dividend Alert"
        }
      ]
    },
    {
      "img": "splits.svg",
      "title": "SPLITS",
      "msg": "No <strong>Splits</strong> history available",
      "data": []
    },
    {
      "img": "bonus.svg",
      "title": "BONUS",
      "msg": "No <strong>Bonus</strong> history available",
      "data": []
    },
    {
      "img": "rights-issues.svg",
      "title": "RIGHTS",
      "msg": "No <strong>Rights</strong> history available",
      "data": []
    }
  ]
}

News and Views

Why is ICE Make Refrig. falling/rising?

2025-12-13 01:17:49

Recent Price Movement and Market Context

On 12-Dec, ICE Make Refrigeration’s shares gained ₹8.05, marking a 1.07% increase. This rise is consistent with the stock’s strong short-term performance, having appreciated by 9.84% over the past week and 11.39% in the last month. These gains significantly outpace the broader Sensex, which declined by 0.53% over the week and rose modestly by 0.66% in the month. The stock’s recent momentum is further supported by its trading above key moving averages such as the 5-day, 20-day, 50-day, and 100-day averages, although it remains below the 200-day moving average, indicating some longer-term resistance.

Investor participation has surged, with delivery volumes on 11 Dec reaching 41,080 shares, a remarkable 401.78% increase compared to...

ICE Make Refrigeration Sees Mixed Technical Signals Amid Price Momentum Shift

2025-12-12 08:10:20

ICE Make Refrigeration has experienced a notable shift in its technical parameters, reflecting a nuanced change in price momentum. Recent market data reveals a complex interplay of bullish and bearish signals across key technical indicators, suggesting a cautious outlook for investors in the industrial manufacturing sector.

Is ICE Make Refrig. technically bullish or bearish?

2025-12-04 08:49:41

Technical Trend Overview

The technical trend for ICE Make Refrig. has transitioned to a bearish stance, signalling increased selling pressure and a cautious market sentiment. This shift was noted on 3 December 2025, reflecting a deterioration from the previous mildly bearish condition. Such a change often suggests that the stock may face downward momentum in the near term unless offset by positive catalysts.

Key Technical Indicators

Analysing the Moving Average Convergence Divergence (MACD), a widely respected momentum indicator, the weekly chart indicates a bearish signal, while the monthly chart remains mildly bearish. This divergence suggests that short-term momentum is weaker, with longer-term momentum showing tentative signs of stabilisatio...

ICE Make Refrigeration Faces Bearish Momentum Amid Mixed Technical Signals

2025-12-04 08:11:59

ICE Make Refrigeration, a key player in the Industrial Manufacturing sector, is currently exhibiting a shift in price momentum with technical indicators signalling a predominantly bearish trend. Recent market data reveals a complex interplay of signals from moving averages, MACD, RSI, and other momentum oscillators, reflecting a nuanced market assessment for the stock.

ICE Make Refrigeration Technical Momentum Shifts Amid Mixed Market Signals

2025-12-03 08:08:14

ICE Make Refrigeration has experienced a nuanced shift in its technical momentum, reflecting a complex interplay of market forces and indicator signals. While some metrics suggest a mild bearish stance, others hint at stabilisation or sideways movement, underscoring the importance of a detailed technical analysis for investors navigating this industrial manufacturing stock.

ICE Make Refrig. Sees Revision in Market Evaluation Amid Challenging Financial Trends

2025-11-30 10:24:34

ICE Make Refrig., a microcap player in the Industrial Manufacturing sector, has experienced a revision in its market evaluation reflecting shifts in its fundamental and technical outlook. The recent assessment highlights a more cautious stance on the stock, influenced by a combination of valuation concerns, financial performance, and technical indicators.

How has been the historical performance of ICE Make Refrig.?

2025-11-12 23:57:13

Answer: The historical performance of ICE Make Refrig. shows a consistent growth in net sales and profitability over the years, with net sales reaching 479.52 Cr in Mar'25, up from 378.38 Cr in Mar'24 and significantly higher than 312.21 Cr in Mar'23. The total operating income mirrored this upward trend, also hitting 479.52 Cr in Mar'25. The raw material costs have increased to 343.91 Cr in Mar'25 from 262.75 Cr in Mar'24, indicating rising input costs. Despite this, the operating profit (PBDIT) increased to 43.45 Cr in Mar'25, reflecting a healthy operating profit margin of 8.87%. Profit before tax saw a slight decrease to 31.02 Cr in Mar'25 from 35.20 Cr in Mar'24, while profit after tax was 22.90 Cr, down from 26.14 Cr in the previous year. The consolidated net profit for Mar'25 was 23.11 Cr, a decrease from 26.25 Cr in Mar'24. Breakdown: The company's total expenditure, excluding depreciation, rose t...

Why is ICE Make Refrig. falling/rising?

2025-11-10 23:15:08

As of 10-Nov, ICE Make Refrigeration Ltd is experiencing a decline in its stock price, currently at 678.75, which reflects a decrease of 24.75 or 3.52%. The stock has underperformed its sector by 1.98% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 26% compared to the 5-day average. Over the past week, the stock has decreased by 4.62%, and it has shown a significant decline of 24.42% over the past year, contrasting sharply with the Sensex, which has gained 5.91% during the same period. In the broader market context, ICE Make Refrigeration's recent performance is notably weaker than the benchmark, as it has underperformed the Sensex by a considerable margin in both the short-term and long-term. While the Sensex has shown a positive return of 1.14% over the past ...

Is ICE Make Refrig. technically bullish or bearish?

2025-11-06 08:31:50

As of 4 November 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance is bearish with moderate strength. Key indicators driving this include a bearish MACD on the weekly timeframe, a bearish signal from the daily moving averages, and a mildly bearish KST on the monthly timeframe. The Bollinger Bands are also indicating a bearish trend on the weekly chart. Overall, the lack of strong bullish signals from the RSI and Dow Theory further supports the bearish outlook....

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