ICEMAKE vs NITIRAJ: Stock Comparison

Ice Make Refrigeration Limited vs Nitiraj Engineers LimitedUpdated 21 Aug 26, 4:08 PM ISTNSE & company filings

Ice Make Refrigeration Limited is the larger company by market capitalisation. Ice Make Refrigeration Limited shows a higher ROE, faster revenue growth and a higher ROCE, while Nitiraj Engineers Limited shows a lower P/E, a higher dividend yield and lower leverage. These are relative readings on individual metrics — weigh valuation against growth, margins, leverage and capital efficiency rather than treating any single number as decisive.

Metric snapshot

ICEMAKE leads 6; NITIRAJ leads 7 of 13

Not a rating

Interactive comparison

Compare the numbers that shape the decision

Every row uses its own scale. Switch lenses to compare like with like.

ICEMAKENITIRAJ

Valuation lens

What price are you paying?

Market CapContext only
₹1,144 Cr
₹200 Cr
P/E RatioNITIRAJ has the lower reading
94.99x
0x
P/B RatioNITIRAJ has the lower reading
8.54x
0x
EPSICEMAKE has the higher reading
₹7.71
₹1.02
Book ValueContext only
₹84.3
₹80.09
Dividend YieldNITIRAJ has the higher reading
0.27%
0.82%

✓ marks the usual favourable reading; it is not a recommendation.

Key Differences

Market Cap
ICEMAKE is the larger company
₹1,144 Cr vs ₹200 Cr
P/E Ratio
NITIRAJ has a lower P/E
0x vs 94.99x
P/B Ratio
NITIRAJ has a lower P/B
0x vs 8.54x
EPS
ICEMAKE has higher earnings per share
₹7.71 vs ₹1.02
Dividend Yield
NITIRAJ has a higher dividend yield
0.82% vs 0.27%
Revenue Growth (TTM YoY)
ICEMAKE has faster revenue growth
41.9% vs -63.8%
EPS Growth (TTM YoY)
NITIRAJ has faster EPS growth
0% vs -13.6%
Qtr Sales Growth
ICEMAKE has stronger quarterly sales growth
41.9% vs -16.3%

Each difference is a single, relative reading — StockeZee does not name an overall winner.

Profile

MetricICEMAKENITIRAJ
SectorCapital GoodsCapital Goods
IndustryIndustrial ProductsOther Electrical Equipment

Price

MetricICEMAKENITIRAJ
Live Price₹721.7₹198.91
Day Change-0.6%-2.7%
Volume28,779819
52-Week High₹920₹236.98
52-Week Low₹660.3₹168
Distance from 52W High-21.55%-16.06%

Valuation

MetricICEMAKENITIRAJ
Market Cap₹1,144 Cr₹200 Cr
P/E Ratio94.99x0x
P/B Ratio8.54x0x
EPS₹7.71₹1.02
Book Value₹84.3₹80.09
Dividend Yield0.27%0.82%

Growth

MetricICEMAKENITIRAJ
Revenue Growth (TTM YoY)41.9%-63.8%
EPS Growth (TTM YoY)-13.6%0%
Qtr Sales Growth41.9%-16.3%
Qtr Profit Growth-13.7%-100%

Profitability & Leverage

MetricICEMAKENITIRAJ
ROE9.49%-0.35%
ROCE11.6%0.38%
Net Margin1.82%2.27%
Operating Margin6.78%7.57%
Debt to Equity1.19x0.05x

Shareholding

As of Jun 2026 • change vs previous quarter
MetricICEMAKENITIRAJ
Promoter Holding74.2%69.07%
FII Holding0.31% 0.09 pp0%
DII Holding1.38% 0.26 pp0%
Public Holding24.11% 0.17 pp30.93%

How to Read This Comparison

Valuation ratios (P/E, P/B) use the latest consolidated figures where available; growth numbers compare against the same period last year; shareholding percentages come from the most recent quarterly filings, with the change shown against the prior quarter. A "more favourable" highlight is relative between these two companies only — it is not a rating, a recommendation, or a comparison against the wider sector. Rows with no reported data for either company are hidden rather than shown empty.

Deep-dive each company on its stock page for quarterly results, technicals, filings and the full peer set: Ice Make Refrigeration Limited and Nitiraj Engineers Limited.

Data source: NSE and company filings via StockeZee. This comparison is informational — it is not investment advice, and StockeZee is not a SEBI-registered investment adviser.