ICE Make Refrigeration Ltd Overview
Fundamentals of ICE Make Refrigeration Ltd
|P/E Ratio (TTM)||29.78|
|Debt to Equity||0.14|
Financials of ICE Make Refrigeration Ltd
|Mar 2022||Jun 2022||Sep 2022||Dec 2022|
|Profit before tax||7.44||4.15||6.41||5.88|
|EPS in Rs||3.53||1.96||2.94||2.81|
About ICE Make Refrigeration Ltd
Ice Make Refrigeration Limited was originally incorporated on March 31, 2009 as a private limited company with the name 'Ic Ice Make Refrigeration Private Limited'. Subsequently, the name of the Compa ... ny was changed to 'Ice Make Refrigeration Private Limited' on August 04, 2015. Further, the Company was converted into a public limited company on August 29, 2017 and the name of the Company was changed to 'Ice Make Refrigeration Limited'. Ice Make is a refrigeration equipment manufacturer, engaged in providing cooling solutions. The Company provides cooling solutions for cooling systems and accessories used in industries such as dairy, ice-cream, food processing, agriculture, pharmaceuticals, cold chains, logistics, hospital, hospitality and retail, among others. The Company operates its business verticals under the brand of 'Ice Make'. The Company is promoted by Mr. Chandrakant P. Patel, Mr. Rajendra P. Patel and Mr. Vipul I. Patel. The promoters commenced the business in 2 firms (i) Ice Make Refrigeration (Proprietorship Firm) in 1993 and (ii) Hi Make Engineers (Proprietorship Firm) in 1997 (The name was thereafter modified to Colpan Poly Panel Industries). The running business of the 2 firms was taken over by way of a business transfer agreement in 2009. The Promoters, through the aforesaid firms, had initiated business as refrigeration equipment manufacturer by Commercial Refrigeration manufacturing in 1993 and forayed into Cold Room manufacturing in 2002 as well as Industrial Refrigeration manufacturing in 2003. Subsequently, the Company introduced Transport Refrigeration manufacturing in 2012. In December 2016, The Company had acquired Bharat Refrigerations Private Limited', a company based in Chennai, engaged in a business similar to their business, which is now its wholly owned subsidiary. Bharat Refrigerations Private Limited is present in the above business verticals through the brands named Bharat' and Trans Freez'. Read More
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