In the company’s 12th Annual General Meeting, the company’s Board of Directors has declared a dividend of Rs1.20 per share (12% on the face value of Rs. 10) for F.Y. 2020-21.

Ice Make Refrigeration stock surges after monthly business updates

ICE Make Refrigeration standalone net profit declines 21.45% in the March 2021 quarter

ICE Make Refrigeration consolidated net profit declines 15.82% in the March 2021 quarter

Ice Make Refrigeration receives order of 4700MT Butter Cold Storage Project.

Ice Make Refrigeration receives order of 4700MT Butter Cold Storage Project

ICE Make Refrigeration consolidated net profit declines 84.38% in the December 2020 quarter

Cooling storage solutions provider Ice Make Refrigeration Ltd has launched a solar-powered cold storage unit for far-flung interior areas, where adequate storage temperature and infrastructure is not

Ice Make Refrigeration launches solar-powered cold storage unit

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Ice Make Refrigeration Limited is a refrigeration equipment manufacturer which provides cooling solutions. It manufactures products under four categories: cold room, commercial refrigeration, industrial refrigeration and transport refrigeration