Ice Make Refrigeration Ltd vs Ishan International Ltd Stock Comparison

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Last Updated on: May 27, 2026

Key Highlights

The Latest Trading Price of ICE Make Refrigeration Ltd is ₹ 882.55 as of 27 May 13:24 . The P/E Ratio of ICE Make Refrigeration Ltd changed from 28.9 on March 2021 to 61.5 on March 2025 . This represents a CAGR of 16.30% over 5 yearsThe P/E Ratio of Ishan International Ltd changed from 25 on March 2023 to 0 on March 2025 . This represents a CAGR of -100.00% over 3 years The Market Cap of ICE Make Refrigeration Ltd changed from ₹ 104.61 crore on March 2021 to ₹ 1420 crore on March 2025 . This represents a CAGR of 68.49% over 5 yearsThe Market Cap of Ishan International Ltd changed from ₹ 12.97 crore on March 2023 to ₹ 0 crore on March 2025 . This represents a CAGR of -100.00% over 3 years The revenue of ICE Make Refrigeration Ltd for the Dec '25 is ₹ 153.48 crore as compare to the Sep '25 revenue of ₹ 147.58 crore. This represent the growth of 4% The revenue of Ishan International Ltd for the Dec '25 is ₹ 0 crore as compare to the Sep '25 revenue of ₹ 0 crore. This represent the decline of 0% The ebitda of ICE Make Refrigeration Ltd for the Dec '25 is ₹ 10.04 crore as compare to the Sep '25 ebitda of ₹ 9.7 crore. This represent the growth of 3.51% The ebitda of Ishan International Ltd for the Dec '25 is ₹ 0 crore as compare to the Sep '25 ebitda of ₹ 0 crore. This represent the decline of 0% The net profit of ICE Make Refrigeration Ltd changed from ₹ 3.64 crore to ₹ 1.45 crore over 7 quarters. This represents a CAGR of -40.90% The net profit of Ishan International Ltd changed from ₹ 0 crore to ₹ 0 crore over 7 quarters. This represents a CAGR of 0.0% The Dividend Payout of ICE Make Refrigeration Ltd changed from 41.88 % on March 2021 to 15.29 % on March 2025 . This represents a CAGR of -18.25% over 5 yearsThe Dividend Payout of Ishan International Ltd changed from 0 % on March 2021 to 0 % on March 2025 . This represents a CAGR of 0.0% over 5 years .

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 Company was changed to 'Ice Make Refrigeration Private Limited' on August 04, 2015.
Further, the Company 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'.

About Ishan International Ltd

Ishan International Limited was originally incorporated as Ishan International Private Limited on May 29, 1995 under the Companies Act, 1956.
Subsequently, name of the Company was changed from 'Ishan International Private Limited' to 'Ishan International Limited' on January 11, 2022 and had obtained fresh Certificate of Incorporation on January 17, 2022 issued by the Registrar of Companies, New Delhi. The Company is an ISO 9001: 2015 certified Company, GoI certified Star Export House and a diversified heavy engineering company in selling equipment in international markets.
It is engaged in contracting and building projects that focused on supplying machines, erection/installation, commissioning and operational training for sugar plants, jaggery plants, pharmaceutical plants, hydro power plants and pollution control systems.

FAQs for the comparison of ICE Make Refrigeration Ltd and Ishan International Ltd

Which company has a larger market capitalization, ICE Make Refrigeration Ltd or Ishan International Ltd?

Market cap of ICE Make Refrigeration Ltd is 1,398 Cr while Market cap of Ishan International Ltd is 15 Cr

What are the key factors driving the stock performance of ICE Make Refrigeration Ltd and Ishan International Ltd?

The stock performance of ICE Make Refrigeration Ltd and Ishan International Ltd is primarily driven by its robust global client base, consistent revenue growth, strong operational efficiency, strategic investments in digital transformation, client acquisition, and the overall health of the industry. Both companies' performances are also influenced by macroeconomic conditions, currency fluctuations, and industry-specific trends.

What are the recent stock price for ICE Make Refrigeration Ltd and Ishan International Ltd?

As of May 27, 2026, the ICE Make Refrigeration Ltd stock price is INR ₹885.95. On the other hand, Ishan International Ltd stock price is INR ₹0.7.

How do dividend payouts of ICE Make Refrigeration Ltd and Ishan International Ltd compare?

To compare the dividend payouts of ICE Make Refrigeration Ltd and Ishan International Ltd, examine their dividend payout ratio, which indicates how much the companies pay out relative to their share price and earnings. Moreover, consider the consistency and growth of their dividends to gauge their commitment towards returning value to the respective shareholders.

Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.