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Ice Make Refrigeration Share Price Target 2024, 2025, 2026 to 2039 With Charts
Ice Make Refrigeration Limited | |||
 | Symbol: ICEMAKE | ||
| Price: ₹819.4 | |||
| Exchange: NSE | |||
| Industrials -> Specialty Industrial Machinery | |||
Show Table of Contents
Table of Contents
- 1: Ice Make Refrigeration Brief Company Overview
- 1.1: Ice Make Refrigeration Limited
- 1.2: Ice Make Refrigeration Financial Performance
- 1.2.1: Is Ice Make Refrigeration A Good Buy For Long Term?
- 2: Approach 1: Technical Analysis Paired With Price Action
- 2.1: Ice Make Refrigeration Share Price Target For 2024
- 2.1.1: Ice Make Refrigeration Share Price Target Table For 2024
- 2.1.2: Summary: Ice Make Refrigeration Share Price Prediction For 2024
- 2.2: Ice Make Refrigeration Share Price Target For 2025
- 2.2.1: Ice Make Refrigeration Share Price Target Table For 2025
- 2.2.2: Summary: Ice Make Refrigeration Share Price Prediction For 2025
- 3: Approach 2: Machine Learning By Studying Historical Prices
- 3.1: Ice Make Refrigeration Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
- 3.2: Ice Make Refrigeration Share Price Target Table From 2024, 2025, 2026 to 2039
- 4: Ice Make Refrigeration Past Performance
Ice Make Refrigeration Brief Company Overview
Ice Make Refrigeration Limited
Established in 1989, Ice Make Refrigeration Limited has become a leading manufacturer of refrigeration products and equipment for India.
With a diverse range of offerings under the categories of cold rooms and storage, commercial refrigeration, industrial refrigeration, transport refrigeration, and ammonia refrigeration products, Ice Make caters to various industries, including dairy, ice cream, food processing, and pharmaceuticals, among others.
The company's commitment to providing customized cooling solutions has earned it a strong reputation in the industry. Its products are marketed under the brand names Ice Make, Bharat, and TransFreez.
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Ice Make Refrigeration Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 1,417.01 Crore | Market valuation of Ice Make Refrigeration's shares. |
| Revenue (TTM) | 384.46 Crore | Total revenue generated by Ice Make Refrigeration over the past twelve months. |
| Net Income (TTM) | +24.6 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | 6.07% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | 6.4% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) | +7.7% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) | -30.7% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio | 26.18 | Company's total debt divided by total shareholder equity. |
| Total Debt | 27.24 Crore | Sum of Ice Make Refrigeration's current & long-term financial obligations. |
| Total Cash | 8.62 Crore | Total amount of liquid funds available to Ice Make Refrigeration. |
| Beta | 0.13 | Beta is less than 1 indicating that the Ice Make Refrigeration's price is less volatile than the market. |
Is Ice Make Refrigeration A Good Buy For Long Term?
Ice Make Refrigeration, a small-cap stock with a market cap of ₹1,342.17 Crore, shows impressive growth: 1032.55% over five years and 678.15% over three. However, Q1 2024-25 reveals a -30.7% drop in earnings year-on-year, despite a 7.7% revenue increase quarter-on-quarter. A low profit margin of 6.4% and significant debt (₹27.24 Crore) against a modest cash balance (₹8.62 Crore) raises concerns. While past performance is compelling, the recent earnings decline warrants caution. Therefore, it's an average buy for the long term; further due diligence is crucial before investing.
To predict the Ice Make Refrigeration's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
Ice Make Refrigeration Share Price Target For 2024
The line chart displays the monthly closing prices of Ice Make Refrigeration with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Ice Make Refrigeration shares in 2024, see the table below.
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Ice Make Refrigeration Share Price Target Table For 2024
| Ice Make Refrigeration's Levels | Value | Reason/Importance |
|---|---|---|
| 2024 Target 3 | 852.34 (+4.02%) | Price Action: 01 Nov 2024 Low |
| 2024 Target 2 | 843.00 (+2.88%) | Price Action: 13 Nov 2024 Low |
| 2024 Target 1 | 832.20 (+1.56%) | Price Action: 17 Oct 2024 Low |
| Current Price | 819.40 | Ice Make Refrigeration's 1 share price as of Thu 14 Nov 2024 |
| Stop Loss 1 | 813.15 (-0.77%) | Price Action: 18 Oct 2024 Low |
| Stop Loss 2 | 799.41 (-2.44%) | Fibonacci Retracement Level 71.8% |
| Stop Loss 3 | 784.84 (-4.22%) | Price Action: 16 Oct 2024 Low |
Summary: Ice Make Refrigeration Share Price Prediction For 2024
In summary, Ice Make Refrigeration has surged by ₹202.60, achieving a notable +32.85% increase from 1st January 2024 to 14 Nov 2024. Our analysis of Ice Make Refrigeration for 2024 predicts an additional rise of 1.56% to 4.02% by the end of 2024 with three potential targets T1: 832.20, T2: 843.00, T3: 852.34. Stop Loss at SL1: 813.15, SL2: 799.41, SL3: 784.84.
Ice Make Refrigeration has a 52-week high of ₹983.50, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹434.04, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's share price prediction, let's now check what 2025 might hold for Ice Make Refrigeration.
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Ice Make Refrigeration Share Price Target For 2025
The line chart displays the monthly closing prices of Ice Make Refrigeration with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Ice Make Refrigeration shares in 2025, see the table below.
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Ice Make Refrigeration Share Price Target Table For 2025
| Ice Make Refrigeration's Levels | Value | Reason/Importance |
|---|---|---|
| 2025 Target 3 | 1141.20 (+39.27%) | Price Action: Chart |
| 2025 Target 2 | 1119.92 (+36.67%) | Price Action: Chart |
| 2025 Target 1 | 1108.83 (+35.32%) | Fibonacci Extension Level 150% |
| Current Price | 819.40 | Ice Make Refrigeration's 1 share price as of Thu 14 Nov 2024 |
| Stop Loss 1 | 747.45 (-8.79%) | Price Action: Oct 2023 High |
| Stop Loss 2 | 732.11 (-10.66%) | Technical Indicator: MA150 |
| Stop Loss 3 | 710.40 (-13.31%) | Price Action: Aug 2024 High |
Summary: Ice Make Refrigeration Share Price Prediction For 2025
In summary, Ice Make Refrigeration has surged by ₹202.60, achieving a notable +32.85% increase from 1st January 2024 to 14 Nov 2024. Our analysis of Ice Make Refrigeration for 2025 predicts an additional rise of 35.32% to 39.27% by the end of 2025 with three potential targets T1: 1108.83, T2: 1119.92, T3: 1141.20. Stop Loss at SL1: 747.45, SL2: 732.11, SL3: 710.40.
Ice Make Refrigeration has a All-Time high of ₹983.50, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹434.04, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's and 2025's share price prediction, you might wonder what are short term targets for Ice Make Refrigeration, we have created a specific page for that check here: Ice Make Refrigeration Share Price Target For Tomorrow & Next Week
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Approach 2: Machine Learning By Studying Historical Prices
Ice Make Refrigeration Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
This chart presents a detailed projection of Ice Make Refrigeration share price predictions from 2024, 2025, 2026 to 2039. This share price Prediction represents a CAGR of 13.79% over the next 15 years.
For complete year by year Ice Make Refrigeration long term share price target from 2024, 2025 to 2039 check the below table.
Ice Make Refrigeration Share Price Target Table From 2024, 2025, 2026 to 2039
| Year | Ice Make Refrigeration Target | YoY Change % |
|---|---|---|
| 2024 | ₹819.4 | [Current Price] |
| 2024 | ₹842.73 | 2.84% |
| 2025 | ₹1,195.93 | 41.91% |
| 2026 | ₹1,549.13 | 29.53% |
| 2027 | ₹1,727.48 | 11.51% |
| 2028 | ₹2,028.52 | 17.42% |
| 2029 | ₹2,305.01 | 13.63% |
| 2030 | ₹2,736.46 | 18.71% |
| 2031 | ₹3,135.84 | 14.59% |
| 2032 | ₹3,196.04 | 1.91% |
| 2033 | ₹3,502.4 | 9.58% |
| 2034 | ₹3,767.29 | 7.56% |
| 2035 | ₹4,276.97 | 13.52% |
| 2036 | ₹4,722.55 | 10.41% |
| 2037 | ₹4,664.6 | -1.23% |
| 2038 | ₹4,976.28 | 6.68% |
| 2039 | ₹5,141.47 | 3.31% |
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Ice Make Refrigeration Past Performance
- In 2018, Ice Make Refrigeration opening price was ₹115.1
- As of Thu 14 Nov 2024 the price stands at ₹819.4.
- This represents a Compound Annual Growth Rate (CAGR) of 32.37%.
- In 6 years, an investment of 10,000 would have become ₹71,190.26.
As we wrap up, we hope you like our study on Ice Make Refrigeration share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyse historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
- Ice Make Refrigeration Share Price History
- Ice Make Refrigeration Price Target Tomorrow
- Ice Make Refrigeration Dividend History
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
