ICE Make Refrig.

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

INR

694.25

7.35 (1.07%)

BSENSE

Dec 05

BSE+NSE Vol: 10971

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  "main_header": {
    "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": "694.25",
    "chg": 7.35,
    "chgp": "1.07%",
    "dir": 1,
    "prev_price": "686.90",
    "mcapval": "1,095.51 Cr",
    "mcap": "Micro Cap",
    "scripcode": "",
    "symbol": "ICEMAKE",
    "ind_name": "Industrial Manufacturing",
    "ind_code": 62,
    "indexname": "",
    "isin": "INE520Y01019",
    "curr_date": "Dec 05",
    "curr_time": "",
    "bse_nse_vol": 10971,
    "exc_status": "Active",
    "traded_date": "Dec 05, 2025",
    "traded_date_str": "2025 12 05",
    "score": "",
    "scoreText": "",
    "Live": 0,
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  "news": {
    "results": [
      {
        "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": "Why is ICE Make Refrig. falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-ice-make-refrig-fallingrising-3739686",
        "imagepath": "",
        "date": "2025-12-02 00:58:39",
        "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>The stock’s gain of ₹5.7 on the day outpaced its sector by 0.52%, signalling some renewed investor interest. Over the past week, ICE Make Refrigeration has delivered a robust 4.92% return, significantly outperforming the Sensex’s 0.83% gain during the same period. However, this short-term strength contrasts with the stock’s longer-term performance, which has been lacklustre. Over the last month, the stock declined by 1.08%, while the Sensex rose 1.76%. Year-to-date, the stock is down 4.46%, whereas the benchmark index has advanced 10.70%. The disparity is even more pronounced over the past year, with ICE Make Refrigeration falling 10.16% against the Sensex’s 8.47% gain.</p>\n<p>Technically, the stock is trading above its 5-day and 20-da..."
      },
      {
        "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...."
      },
      {
        "title": "ICE Make Refrigeration Faces Mixed Technical Trends Amid Market Evaluation Revision",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/ice-make-refrigerations-technical-trend-changes-from-mildly-bearish-to-bearish-amid-stock-decline-3674761",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/ICEMakeRefriger_technicaldot_3674761.png",
        "date": "2025-11-06 08:18:49",
        "description": "ICE Make Refrigeration, a microcap in industrial manufacturing, has faced a 16.22% decline over the past year, contrasting with the Sensex's gain. Technical indicators show a bearish sentiment, yet the company boasts an impressive 817.15% return over five years, outperforming the Sensex significantly."
      }
    ],
    "total": 103,
    "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

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.

Why is ICE Make Refrig. falling/rising?

2025-12-02 00:58:39

Recent Price Movement and Market Context

The stock’s gain of ₹5.7 on the day outpaced its sector by 0.52%, signalling some renewed investor interest. Over the past week, ICE Make Refrigeration has delivered a robust 4.92% return, significantly outperforming the Sensex’s 0.83% gain during the same period. However, this short-term strength contrasts with the stock’s longer-term performance, which has been lacklustre. Over the last month, the stock declined by 1.08%, while the Sensex rose 1.76%. Year-to-date, the stock is down 4.46%, whereas the benchmark index has advanced 10.70%. The disparity is even more pronounced over the past year, with ICE Make Refrigeration falling 10.16% against the Sensex’s 8.47% gain.

Technically, the stock is trading above its 5-day and 20-da...

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....

ICE Make Refrigeration Faces Mixed Technical Trends Amid Market Evaluation Revision

2025-11-06 08:18:49

ICE Make Refrigeration, a microcap in industrial manufacturing, has faced a 16.22% decline over the past year, contrasting with the Sensex's gain. Technical indicators show a bearish sentiment, yet the company boasts an impressive 817.15% return over five years, outperforming the Sensex significantly.