ICEMAKE vs UTLSOLAR: Stock Comparison

Ice Make Refrigeration Limited vs Fujiyama Power Systems LtdUpdated 21 Aug 26, 4:08 PM ISTNSE & company filings

Fujiyama Power Systems Ltd is the larger company by market capitalisation. Ice Make Refrigeration Limited shows a higher dividend yield and faster revenue growth, while Fujiyama Power Systems Ltd shows a lower P/E and a higher net margin. 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; UTLSOLAR leads 7 of 10

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.

ICEMAKEUTLSOLAR

Valuation lens

What price are you paying?

Market CapContext only
₹1,144 Cr
₹14,609 Cr
P/E RatioUTLSOLAR has the lower reading
94.99x
49.18x
P/B RatioICEMAKE has the lower reading
8.54x
11.36x
EPSUTLSOLAR has the higher reading
₹7.71
₹9.93
Book ValueContext only
₹84.3
Dividend YieldICEMAKE has the higher reading
0.27%
0%

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

Key Differences

Market Cap
UTLSOLAR is the larger company
₹14,609 Cr vs ₹1,144 Cr
P/E Ratio
UTLSOLAR has a lower P/E
49.18x vs 94.99x
P/B Ratio
ICEMAKE has a lower P/B
8.54x vs 11.36x
EPS
UTLSOLAR has higher earnings per share
₹9.93 vs ₹7.71
Dividend Yield
ICEMAKE has a higher dividend yield
0.27% vs 0%
Revenue Growth (TTM YoY)
ICEMAKE has faster revenue growth
41.9% vs 0%
EPS Growth (TTM YoY)
UTLSOLAR has faster EPS growth
0% vs -13.6%
Qtr Sales Growth
UTLSOLAR has stronger quarterly sales growth
125% vs 41.9%

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

Profile

MetricICEMAKEUTLSOLAR
SectorCapital Goods
IndustryIndustrial Products

Price

MetricICEMAKEUTLSOLAR
Live Price₹721.7₹477.4
Day Change-0.6%-0.02%
Volume28,7793.22 L
52-Week High₹920₹494.25
52-Week Low₹660.3₹172
Distance from 52W High-21.55%-3.41%

Valuation

MetricICEMAKEUTLSOLAR
Market Cap₹1,144 Cr₹14,609 Cr
P/E Ratio94.99x49.18x
P/B Ratio8.54x11.36x
EPS₹7.71₹9.93
Book Value₹84.3
Dividend Yield0.27%0%

Growth

MetricICEMAKEUTLSOLAR
Revenue Growth (TTM YoY)41.9%0%
EPS Growth (TTM YoY)-13.6%0%
Qtr Sales Growth41.9%125%
Qtr Profit Growth-13.7%169%

Profitability & Leverage

MetricICEMAKEUTLSOLAR
ROE9.49%
ROCE11.6%
Net Margin1.82%11.46%
Operating Margin6.78%18.5%
Debt to Equity1.19x

Shareholding

As of Jun 2026 • change vs previous quarter
MetricICEMAKEUTLSOLAR
Promoter Holding74.2%77.67% 0.12 pp
FII Holding0.31% 0.09 pp1.63% 0.3 pp
DII Holding1.38% 0.26 pp5.98% 0.38 pp
Public Holding24.11% 0.17 pp5.76% 0.06 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 Fujiyama Power Systems 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.