Ice Make Refrigeration Complete Financial Statements
In FY2026, Ice Make Refrigeration (ICEMAKE) reported revenue ₹256 Cr, net profit ₹10 Cr and EPS ₹6.41, with a net profit margin of 3.9% and ROE of 7.5%. Full financial statements from FY2017 to FY2026 (10 years) — income statement, balance sheet and cash flow in ₹ Crores. Download as Excel or CSV. Analyse ICEMAKE shareholder distribution to track promoter, FII and institutional holdings.
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Profitability Ratios
Balance Sheet Ratios
ICEMAKE Revenue, Net Profit & EBITDA — Year-on-Year Growth
ICEMAKE YoY (Mar 2025 vs Mar 2026) — revenue +41.4%, net profit -16.7%, expenses +47.8%. For live price, earnings ratios and company overview, see Ice Make Refrigeration stock price NSE.
ICEMAKE Income Statement — Revenue, EBITDA & Net Profit
Ice Make Refrigeration revenue ₹256 Cr, EBITDA ₹22 Cr, net profit ₹10 Cr, EPS ₹6.41 (2026) — net profit margin 3.9%. Examine ICEMAKE earnings report for recent quarterly revenue, profit and EPS trends.
| Particulars | Mar 2026 | Sept 2025 | Mar 2025 | Jun 2025 | Dec 2025 | Sept 2024 | Mar 2024 | Jun 2024 | Dec 2024 | Sept 2023 | Mar 2023 | Jun 2023 | Dec 2023 | Sept 2022 | Mar 2022 | Jun 2022 | Dec 2022 | Sept 2021 | Mar 2021 | Jun 2021 | Dec 2021 | Sept 2020 | Mar 2020 | Jun 2020 | Dec 2020 | Sept 2019 | Jun 2019 | Dec 2019 | Sept 2018 | Sept 2017 | Jun 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 256 | 148 | 181 | 112 | 154 | 104 | 140 | 85 | 111 | 77 | 114 | 79 | 83 | 67 | 77 | 65 | 67 | 48 | 54 | 33 | 49 | 31 | 43 | 17 | 34 | 26 | 32 | 38 | 34 | 17 | 23 |
| Expenses | 235 | 138 | 159 | 107 | 143 | 95 | 119 | 79 | 104 | 69 | 101 | 71 | 78 | 60 | 68 | 60 | 59 | 45 | 49 | 33 | 46 | 27 | 36 | 17 | 32 | 24 | 30 | 35 | 32 | 16 | 20 |
| EBITDA | 22 | 10 | 22 | 5 | 10 | 9 | 21 | 6 | 7 | 8 | 13 | 8 | 4 | 8 | 9 | 5 | 8 | 3 | 6 | 0 | 3 | 4 | 7 | 0 | 2 | 2 | 2 | 3 | 2 | 2 | 3 |
| Operating Profit Margin % | 8.00% | 7.00% | 12.00% | 4.00% | 6.00% | 8.00% | 15.00% | 7.00% | 6.00% | 10.00% | 11.00% | 10.00% | 5.00% | 11.00% | 11.00% | 8.00% | 11.00% | 6.00% | 9.00% | 0.00% | 6.00% | 12.00% | 16.00% | 0.00% | 6.00% | 7.00% | 7.00% | 8.00% | 6.00% | 11.00% | 13.00% |
| Depreciation | 5 | 4 | 4 | 4 | 4 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
| Interest | 4 | 3 | 2 | 2 | 4 | 1 | 1 | 0 | 1 | 1 | 0 | 0 | 1 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 0 | 1 | 0 |
| Profit Before Tax | 14 | 3 | 16 | -2 | 2 | 7 | 19 | 5 | 4 | 6 | 12 | 7 | 3 | 6 | 7 | 4 | 6 | 2 | 4 | -1 | 2 | 2 | 5 | -2 | 1 | 0 | 1 | 1 | 2 | 1 | 2 |
| Tax | 3 | 1 | 4 | 0 | 0 | 2 | 5 | 1 | 1 | 2 | 3 | 2 | 1 | 2 | 2 | 1 | 2 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Net Profit | 10 | 2 | 12 | -2 | 2 | 5 | 14 | 4 | 3 | 5 | 9 | 5 | 2 | 5 | 6 | 3 | 4 | 1 | 3 | -1 | 1 | 2 | 4 | -1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Earnings Per Share (₹) | 6.41 | 1.28 | 7.42 | -0.90 | 0.93 | 3.05 | 9.06 | 2.35 | 1.82 | 2.85 | 5.48 | 3.40 | 1.28 | 2.94 | 3.53 | 1.96 | 2.81 | 0.85 | 1.90 | -0.53 | 0.81 | 1.17 | 2.26 | -0.87 | 0.10 | 0.12 | 0.23 | 0.61 | 0.78 | 0.41 | 1.22 |
ICEMAKE Balance Sheet — Assets, Liabilities & Shareholders' Equity
ICEMAKE total assets ₹504 Cr, total equity ₹133 Cr, total liabilities ₹ Cr (2026) — ROE 7.5%.
| Particulars | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||
| Total Assets | 504 | 368 | 211 | 159 | 125 | 108 | 101 | 83 | 82 | 55 |
| Current Assets | 333 | 222 | 140 | 124 | 90 | 73 | 70 | 59 | 67 | 44 |
| Fixed Assets | 164 | 133 | 50 | 32 | 32 | 30 | 30 | 23 | 13 | 11 |
| Capital Work in Progress | 25 | 6 | 12 | 0 | 0 | 1 | 0 | 0 | 1 | 0 |
| Investments | 148 | 0 | 0 | 5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0 | 229 | 149 | 122 | 93 | 77 | 71 | 60 | 68 | 44 |
| LIABILITIES | ||||||||||
| Total Liabilities | ||||||||||
| Current Liabilities | 87 | 54 | 26 | 5 | 6 | 5 | 4 | 1 | 2 | 6 |
| Non-Current Liabilities | ||||||||||
| SHAREHOLDERS' EQUITY | ||||||||||
| Total Equity | 133 | 124 | 104 | 81 | 62 | 56 | 54 | 50 | 45 | 16 |
| Share Capital | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 7 |
| Reserves & Surplus | 117 | 108 | 88 | 65 | 46 | 41 | 38 | 34 | 29 | 8 |
ICEMAKE Cash Flow Statement — Operating, Investing & Financing
Ice Make Refrigeration operating cash flow ₹30 Cr, investing ₹-83 Cr, financing ₹49 Cr, net cash flow ₹-5 Cr (2025).
| Particulars | March 2025 | March 2024 | March 2023 | March 2022 | March 2021 | March 2020 | March 2019 | March 2018 | March 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | 30 | 10 | 24 | 8 | 12 | -1 | 8 | -2 | 8 |
| Investing Activities | -83 | -23 | -14 | -5 | -3 | -7 | -12 | -4 | -4 |
| Financing Activities | 49 | 17 | -9 | -3 | -9 | 6 | -10 | 16 | 0 |
| Net Cash Flow | -5 | 4 | 1 | 0 | 0 | -2 | -13 | 11 | 3 |