Ice Make Refrigeration Ltd vs The Anup Engineering Ltd Stock Comparison

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Last Updated on: Jun 14, 2026

Key Highlights

The Latest Trading Price of ICE Make Refrigeration Ltd is ₹ 775.75 as of 12 Jun 15:30 . 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 The Anup Engineering Ltd changed from 10.5 on March 2021 to 58.9 on March 2025 . This represents a CAGR of 41.18% 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 The Anup Engineering Ltd changed from ₹ 560.28 crore on March 2021 to ₹ 6963 crore on March 2025 . This represents a CAGR of 65.53% over 5 years The revenue of ICE Make Refrigeration Ltd for the Mar '26 is ₹ 256.23 crore as compare to the Dec '25 revenue of ₹ 153.48 crore. This represent the growth of 66.95% The revenue of The Anup Engineering Ltd for the Mar '26 is ₹ 208.11 crore as compare to the Dec '25 revenue of ₹ 207.11 crore. This represent the growth of 0.48% The ebitda of ICE Make Refrigeration Ltd for the Mar '26 is ₹ 21.77 crore as compare to the Dec '25 ebitda of ₹ 10.04 crore. This represent the growth of 116.83% The ebitda of The Anup Engineering Ltd for the Mar '26 is ₹ 38.49 crore as compare to the Dec '25 ebitda of ₹ 42.83 crore. This represent the decline of -10.13% The net profit of ICE Make Refrigeration Ltd changed from ₹ 3.64 crore to ₹ 10.12 crore over 8 quarters. This represents a CAGR of 66.74% The net profit of The Anup Engineering Ltd changed from ₹ 24.02 crore to ₹ 26.54 crore over 8 quarters. This represents a CAGR of 5.11% 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 The Anup Engineering Ltd changed from 12.8 % on March 2021 to 29.14 % on March 2025 . This represents a CAGR of 17.88% 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 The Anup Engineering Ltd

The Anup Engineering Limited, initially known as 'Anveshan Heavy Engineering Limited' was incorporated in September, 2017.
The name of the Company was changed to The Anup Engineering Limited on 29 January, 2019 upon the demerger.
Since then, Company engaged in manufacturing and fabrication of process equipment required for Chemicals, Petrochemicals, Pharmaceuticals, Fertilizers, Drugs and other allied industries. The Company has a state of the art manufacturing facility set up at Ahmedabad.
Company was one of first fabricators approved by ISRO for supply of very critical and precise components for various satellite launch vehicles programs.
It laid foundations to become a complete solutions provider with strong competencies built around manufacturing the products. In February 2019, Company acquired land at Kheda in Ahmedabad for building a modern, state of the art facility which shall be a major cog in the progress and growth in the coming years.

FAQs for the comparison of ICE Make Refrigeration Ltd and The Anup Engineering Ltd

Which company has a larger market capitalization, ICE Make Refrigeration Ltd or The Anup Engineering Ltd?

Market cap of ICE Make Refrigeration Ltd is 1,224 Cr while Market cap of The Anup Engineering Ltd is 3,804 Cr

What are the key factors driving the stock performance of ICE Make Refrigeration Ltd and The Anup Engineering Ltd?

The stock performance of ICE Make Refrigeration Ltd and The Anup Engineering 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 The Anup Engineering Ltd?

As of June 14, 2026, the ICE Make Refrigeration Ltd stock price is INR ₹775.75. On the other hand, The Anup Engineering Ltd stock price is INR ₹1899.1.

How do dividend payouts of ICE Make Refrigeration Ltd and The Anup Engineering Ltd compare?

To compare the dividend payouts of ICE Make Refrigeration Ltd and The Anup Engineering 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.