Ice Make Refrigeration Ltd vs Marshall Machines Ltd Stock Comparison

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Last Updated on: May 26, 2026

Key Highlights

The Latest Trading Price of ICE Make Refrigeration Ltd is ₹ 844.6 as of 26 May 09:39 . 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 Marshall Machines Ltd changed from 0 on March 2021 to 0 on March 2025 . This represents a CAGR of 0.0% over 5 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 Marshall Machines Ltd changed from ₹ 0 crore on March 2021 to ₹ 0 crore on March 2025 . This represents a CAGR of 0.0% over 5 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 Marshall Machines 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 Marshall Machines 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 Marshall Machines 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 Marshall Machines 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 Marshall Machines Ltd

Marshall Machines Limited was incorporated as a private limited company with the name 'V.B. Spinning Mills Private Limited' on May 23, 1994.
Subsequently, the name of the Company was changed from V.B. Spinning Mills Private Limited to Marshall Machines Private Limited on 02 January, 2002.
Thereafter, the ownership of the Company was completely taken over by Mr. Gaurav Sarup and Mr. Prashant Sarup in February 2002 along with their father Late Shri Gautam Sarup and later on May 17, 2008 the name was changed to Marshall Machines Limited. Marshall Machines, founded by Mr Gautam Sarup in 1961, is a well-known brand in the Indian machine tool industry.
Marshall started out by manufacturing high-precision bench lathes, heavy-duty lathes, and capstan lathes.
However, in the last two decades, under the aegis of second-generation promoters Mr Gaurav Sarup and Mr Prashant Sarup, the Company's single-minded focus on product innovation, research and development, automation, and Industry 4.

FAQs for the comparison of ICE Make Refrigeration Ltd and Marshall Machines Ltd

Which company has a larger market capitalization, ICE Make Refrigeration Ltd or Marshall Machines Ltd?

Market cap of ICE Make Refrigeration Ltd is 1,287 Cr while Market cap of Marshall Machines Ltd is 8 Cr

What are the key factors driving the stock performance of ICE Make Refrigeration Ltd and Marshall Machines Ltd?

The stock performance of ICE Make Refrigeration Ltd and Marshall Machines 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 Marshall Machines Ltd?

As of May 26, 2026, the ICE Make Refrigeration Ltd stock price is INR ₹816.15. On the other hand, Marshall Machines Ltd stock price is INR ₹3.64.

How do dividend payouts of ICE Make Refrigeration Ltd and Marshall Machines Ltd compare?

To compare the dividend payouts of ICE Make Refrigeration Ltd and Marshall Machines 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.