ICEMAKE vs SURAJLTD: Stock Comparison
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 Suraj Ltd 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 5; SURAJLTD leads 8 of 13
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✓ marks the usual favourable reading; it is not a recommendation.
Key Differences
Each difference is a single, relative reading — StockeZee does not name an overall winner.
Profile
| Metric | ICEMAKE | SURAJLTD |
|---|---|---|
| Sector | Capital Goods | Capital Goods |
| Industry | Industrial Products | Iron & Steel Products |
Price
| Metric | ICEMAKE | SURAJLTD |
|---|---|---|
| Live Price | ₹721.7 | ₹202.49 |
| Day Change | -0.6% | 3.34% |
| Volume | 28,779 | 2,813 |
| 52-Week High | ₹920 | ₹354.95 |
| 52-Week Low | ₹660.3 | ₹192 |
| Distance from 52W High | -21.55% | -42.95% |
Valuation
| Metric | ICEMAKE | SURAJLTD |
|---|---|---|
| Market Cap | ₹1,144 Cr | ₹376 Cr |
| P/E Ratio | 94.99x | 48.13x |
| P/B Ratio | 8.54x | 2.91x |
| EPS | ₹7.71 | ₹4.53 |
| Book Value | ₹84.3 | ₹75 |
| Dividend Yield | 0.27% | 0.77% |
Growth
| Metric | ICEMAKE | SURAJLTD |
|---|---|---|
| Revenue Growth (TTM YoY) | 41.9% | -26.1% |
| EPS Growth (TTM YoY) | -13.6% | 0% |
| Qtr Sales Growth | 41.9% | -22.5% |
| Qtr Profit Growth | -13.7% | 31% |
Profitability & Leverage
| Metric | ICEMAKE | SURAJLTD |
|---|---|---|
| ROE | 9.49% | 4.98% |
| ROCE | 11.6% | 7.11% |
| Net Margin | 1.82% | 3.63% |
| Operating Margin | 6.78% | 8.44% |
| Debt to Equity | 1.19x | 0.44x |
Shareholding
As of Jun 2026 • change vs previous quarter| Metric | ICEMAKE | SURAJLTD |
|---|---|---|
| Promoter Holding | 74.2% | 75% |
| FII Holding | 0.31%▲ 0.09 pp | 0% |
| DII Holding | 1.38%▼ 0.26 pp | — |
| Public Holding | 24.11%▲ 0.17 pp | 25% |
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 Suraj Ltd.
Related Comparisons
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.

