ICEMAKE vs SURAJLTD: Stock Comparison

Ice Make Refrigeration Limited vs Suraj LtdUpdated 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 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

Not a rating

Interactive comparison

Compare the numbers that shape the decision

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ICEMAKESURAJLTD

Valuation lens

What price are you paying?

Market CapContext only
₹1,144 Cr
₹376 Cr
P/E RatioSURAJLTD has the lower reading
94.99x
48.13x
P/B RatioSURAJLTD has the lower reading
8.54x
2.91x
EPSICEMAKE has the higher reading
₹7.71
₹4.53
Book ValueContext only
₹84.3
₹75
Dividend YieldSURAJLTD has the higher reading
0.27%
0.77%

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

Key Differences

Market Cap
ICEMAKE is the larger company
₹1,144 Cr vs ₹376 Cr
P/E Ratio
SURAJLTD has a lower P/E
48.13x vs 94.99x
P/B Ratio
SURAJLTD has a lower P/B
2.91x vs 8.54x
EPS
ICEMAKE has higher earnings per share
₹7.71 vs ₹4.53
Dividend Yield
SURAJLTD has a higher dividend yield
0.77% vs 0.27%
Revenue Growth (TTM YoY)
ICEMAKE has faster revenue growth
41.9% vs -26.1%
EPS Growth (TTM YoY)
SURAJLTD has faster EPS growth
0% vs -13.6%
Qtr Sales Growth
ICEMAKE has stronger quarterly sales growth
41.9% vs -22.5%

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

Profile

MetricICEMAKESURAJLTD
SectorCapital GoodsCapital Goods
IndustryIndustrial ProductsIron & Steel Products

Price

MetricICEMAKESURAJLTD
Live Price₹721.7₹202.49
Day Change-0.6%3.34%
Volume28,7792,813
52-Week High₹920₹354.95
52-Week Low₹660.3₹192
Distance from 52W High-21.55%-42.95%

Valuation

MetricICEMAKESURAJLTD
Market Cap₹1,144 Cr₹376 Cr
P/E Ratio94.99x48.13x
P/B Ratio8.54x2.91x
EPS₹7.71₹4.53
Book Value₹84.3₹75
Dividend Yield0.27%0.77%

Growth

MetricICEMAKESURAJLTD
Revenue Growth (TTM YoY)41.9%-26.1%
EPS Growth (TTM YoY)-13.6%0%
Qtr Sales Growth41.9%-22.5%
Qtr Profit Growth-13.7%31%

Profitability & Leverage

MetricICEMAKESURAJLTD
ROE9.49%4.98%
ROCE11.6%7.11%
Net Margin1.82%3.63%
Operating Margin6.78%8.44%
Debt to Equity1.19x0.44x

Shareholding

As of Jun 2026 • change vs previous quarter
MetricICEMAKESURAJLTD
Promoter Holding74.2%75%
FII Holding0.31% 0.09 pp0%
DII Holding1.38% 0.26 pp
Public Holding24.11% 0.17 pp25%

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.

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.