ICEMAKE vs THEJO: Stock Comparison

Ice Make Refrigeration Limited vs Thejo Engineering LtdUpdated 21 Aug 26, 4:08 PM ISTNSE & company filings

Thejo Engineering Ltd is the larger company by market capitalisation. Ice Make Refrigeration Limited shows a higher dividend yield and faster revenue growth, while Thejo Engineering Ltd shows a lower P/E, a higher ROE 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 3; THEJO leads 10 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.

ICEMAKETHEJO

Valuation lens

What price are you paying?

Market CapContext only
₹1,144 Cr
₹2,222 Cr
P/E RatioTHEJO has the lower reading
94.99x
40.09x
P/B RatioTHEJO has the lower reading
8.54x
6.34x
EPSTHEJO has the higher reading
₹7.71
₹51.6
Book ValueContext only
₹84.3
₹327
Dividend YieldICEMAKE has the higher reading
0.27%
0.24%

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

Key Differences

Market Cap
THEJO is the larger company
₹2,222 Cr vs ₹1,144 Cr
P/E Ratio
THEJO has a lower P/E
40.09x vs 94.99x
P/B Ratio
THEJO has a lower P/B
6.34x vs 8.54x
EPS
THEJO has higher earnings per share
₹51.6 vs ₹7.71
Dividend Yield
ICEMAKE has a higher dividend yield
0.27% vs 0.24%
Revenue Growth (TTM YoY)
ICEMAKE has faster revenue growth
41.9% vs 18.3%
EPS Growth (TTM YoY)
THEJO has faster EPS growth
4% vs -13.6%
Qtr Sales Growth
ICEMAKE has stronger quarterly sales growth
41.9% vs 31%

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

Profile

MetricICEMAKETHEJO
SectorCapital GoodsCapital Goods
IndustryIndustrial ProductsIndustrial Products

Price

MetricICEMAKETHEJO
Live Price₹721.7₹2,057.8
Day Change-0.6%-2.07%
Volume28,77911,050
52-Week High₹920₹2,286.6
52-Week Low₹660.3₹1,443.6
Distance from 52W High-21.55%-10.01%

Valuation

MetricICEMAKETHEJO
Market Cap₹1,144 Cr₹2,222 Cr
P/E Ratio94.99x40.09x
P/B Ratio8.54x6.34x
EPS₹7.71₹51.6
Book Value₹84.3₹327
Dividend Yield0.27%0.24%

Growth

MetricICEMAKETHEJO
Revenue Growth (TTM YoY)41.9%18.3%
EPS Growth (TTM YoY)-13.6%4%
Qtr Sales Growth41.9%31%
Qtr Profit Growth-13.7%71.7%

Profitability & Leverage

MetricICEMAKETHEJO
ROE9.49%15.7%
ROCE11.6%19.4%
Net Margin1.82%7.79%
Operating Margin6.78%13.2%
Debt to Equity1.19x0.12x

Shareholding

As of Jun 2026 • change vs previous quarter
MetricICEMAKETHEJO
Promoter Holding74.2%53.61%
FII Holding0.31% 0.09 pp0.85% 0.01 pp
DII Holding1.38% 0.26 pp3.38% 0.21 pp
Public Holding24.11% 0.17 pp42.17% 0.2 pp

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 Thejo Engineering 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.