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Ice Make Refrigeration Limited Stock: price and insider trades · India

IN·Mcap ₹10BIndustrials

No insider purchase over the last 90 days. The latest, by MONIKA GAURAV PATEL, was filed 17 Dec 2025.

Ice Make Refrigeration Limited: what insiders have been doing

Ice Make Refrigeration Limited, classified in the Industrials sector, is a listed company. Its insiders report their share dealings to SEBI (PIT + SAST). In the past year (22 October 2025 to 22 October 2026), 6 filings came from 4 insiders.

Both sides are active: 1 purchase worth €4,735 and 3 sales worth €90k, from 1 insider and 1 insider respectively. Taken together, the sales exceed the purchases by €86k. Buying on the open market means paying the going price with one's own funds, a different act from receiving shares as pay. One trade stands out by size: a sale of €57k from Popatbhai Laljibhai Patel, disclosed on 5 March 2026. The buyers include 1 major shareholder.

Compared with its exchange (1,890 companies, median 4 filings), a count of 6 filings is above the norm. Since 2025, the database holds 1 purchase and 10 sales by insiders of the company.

The clock since the last published purchase (17 December 2025) now reads 326 days. Filings reach the SEBI (PIT + SAST) feed a median of 1 day after the trade. This delay matters because a trade only becomes useful information once it is public. Sales are harder to read than purchases, since they often meet personal needs such as tax or diversification.

Elsewhere in the same sector, our signals recently picked up insider purchases at Tennant Co and Accelevation Holdings Corp. Every figure here comes from the filings published by SEBI (PIT + SAST) and describes the past, not future prices; it is not investment advice.

Insider Decl.
13
Thresholds
n/a
Buy Volume
€4,735
1 ops. · all time
Sell Volume
€268,223
10 ops. · all time

Who traded when

BuySale
Popatbhai Laljibhai Patel7 sales
Ramilaben Chandrakantbhai Patel3 sales
Monika Gaurav Patel1 buy

Since the insiders bought

  • Filed 17 Dec 2025 · 326 days ago · €4,735
    +1.6%
    Entry ₹801.20 · Close at T+90 ₹813.65

Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.

This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.

Fundamental score
Ranked 21,151 of 26,912 companies
31.8
score / 100
Value
25
Quality
39
FCF yld-4.6%
Earn yld1.1%
EV/EBITDA27.9x
ROE5.8%
Gross mgn28%
Net mgn1.8%
Debt/EBITDA3.6x
Pillars2/3

Transparent value + quality ranking, distinct from the insider signal.

Financial data

as of FY 2026

FY ended March 2026 · cache

₹631.45
Analyst consensus
·
Income statement
Revenue₹6.7B
Gross profit₹1.9B28% margin
EBITDA₹446M7% margin
Net income₹121.9M1.6% margin
Valuation
PER (trailing)83.3x
P/Book7.5x
Beta-0.19
Balance sheet & cash
Market cap₹10B
Total debt₹1.6B
Free Cash Flow-₹505M
Debt / Equity119%
Profitability & ownership
ROE9.5%
ROA4.1%
% institutions0.0%
Last declaration on 6 October 2026
Declarations13 total
  • ●
    PromoterExecutives
    0SEBI
    7,000 shares-CreationSEBI:a2e5617f0d423913f5fd5d1babbf4571d776ca14
  • ●
    Related company / holdingExecutives
    0SEBI
    2,242,963 sharesEquity sharesPreferential AllotmentSEBI:0b0e2825bd75b469ed019dd4a4eaf671ab363c9e
  • ▼
    Promoter GroupExecutives
    2M INR7SEBI
    2,414 shares@ ₹828.790818.1% of flowEquity SharesSEBI:0adcfa98b13b79cc24cc2afeda8be5edbeb03048
  • ▼
    Promoter GroupExecutives
    6M INR10SEBI
    7,463 shares@ ₹811.329254.9% of flowEquity SharesSEBI:7c28996aac06431c06ce36823baac7ba4ba2b51c
  • ▲
    Promoter GroupExecutives
    501,736 INR13SEBI
    650 shares@ ₹771.9015100.0% of flowEquity SharesSEBI:fcf9e5e03e7ad7328ce085c2f46a0e1da0b5d7b5
    Canonical exit: 15 Mar 2026 (T+90)
  • ▼
    Promoter GroupExecutives
    2M INR6SEBI
    2,135 shares@ ₹738.804214.6% of flowEquity SharesSEBI:ec2feccfa8745aabd86cbe49d9df2069b74c4118
  • ▼
    Executives
    919,144 INR4SEBI
    1,206 shares@ ₹762.142617.8% of flowEquity SharesSEBI:9160597f105b58e9ffcc605cfbde00beefbf41fb
  • ▼
    Executives
    3M INR7SEBI
    3,500 shares@ ₹797.323754.0% of flowEquity SharesSEBI:3696366305e6172e3f12daaa997d718fad55d8c1
  • ▼
    Executives
    1M INR5SEBI
    1,954 shares@ ₹734.636128.2% of flowEquity SharesSEBI:ac9dd94e8190609ffdae266b2cf3eaff3adefaff
  • ▼
    Executives
    1M INR3SEBI
    1,500 shares@ ₹828.174712.4% of flowEquity SharesSEBI:97c5f5773a7ffad9c6a4f61eeafa53798ec12c42
  • ▼
    Executives
    2M INR4SEBI
    2,200 shares@ ₹873.7518.1% of flowEquity SharesSEBI:493efeaed35d402f709129b0d2c3efcc00948d19
  • ▼
    Executives
    596,304 INR3SEBI
    651 shares@ ₹915.98165.6% of flowEquity SharesSEBI:0e6c5cac23d1ecdee32981111eb98d22a2098829
  • ▼
    Executives
    8M INR10SEBI
    9,000 shares@ ₹917.21676.4% of flowEquity SharesSEBI:d0161bbc768007114f469a41bf0c55751766f432

13 of 13 declarations

About Ice Make Refrigeration Limited

Ice Make Refrigeration Limited is a company that specializes in the manufacturing of refrigeration systems and cooling solutions. It primarily operates in the Indian market and focuses on innovation in the industrial refrigeration sector.