ICEMAKE vs WAAREEINDO: Stock Comparison

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

Indosolar Ltd is the larger company by market capitalisation. Ice Make Refrigeration Limited shows a higher dividend yield and faster revenue growth, while Indosolar 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 4; WAAREEINDO leads 9 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.

ICEMAKEWAAREEINDO

Valuation lens

What price are you paying?

Market CapContext only
₹1,144 Cr
₹1,183 Cr
P/E RatioWAAREEINDO has the lower reading
94.99x
7.51x
P/B RatioWAAREEINDO has the lower reading
8.54x
4.36x
EPSWAAREEINDO has the higher reading
₹7.71
₹40
Book ValueContext only
₹84.3
₹69
Dividend YieldICEMAKE has the higher reading
0.27%
0%

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

Key Differences

Market Cap
WAAREEINDO is the larger company
₹1,183 Cr vs ₹1,144 Cr
P/E Ratio
WAAREEINDO has a lower P/E
7.51x vs 94.99x
P/B Ratio
WAAREEINDO has a lower P/B
4.36x vs 8.54x
EPS
WAAREEINDO has higher earnings per share
₹40 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)
WAAREEINDO has faster EPS growth
0% vs -13.6%
Qtr Sales Growth
ICEMAKE has stronger quarterly sales growth
41.9% vs -64.9%

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

Profile

MetricICEMAKEWAAREEINDO
SectorCapital Goods
IndustryIndustrial Products

Price

MetricICEMAKEWAAREEINDO
Live Price₹721.7₹283.9
Day Change-0.6%-2.26%
Volume28,7791.23 L
52-Week High₹920₹561.95
52-Week Low₹660.3₹282.8
Distance from 52W High-21.55%-49.48%

Valuation

MetricICEMAKEWAAREEINDO
Market Cap₹1,144 Cr₹1,183 Cr
P/E Ratio94.99x7.51x
P/B Ratio8.54x4.36x
EPS₹7.71₹40
Book Value₹84.3₹69
Dividend Yield0.27%0%

Growth

MetricICEMAKEWAAREEINDO
Revenue Growth (TTM YoY)41.9%0%
EPS Growth (TTM YoY)-13.6%0%
Qtr Sales Growth41.9%-64.9%
Qtr Profit Growth-13.7%-68.6%

Profitability & Leverage

MetricICEMAKEWAAREEINDO
ROE9.49%151%
ROCE11.6%124%
Net Margin1.82%36.27%
Operating Margin6.78%46%
Debt to Equity1.19x0.01x

Shareholding

As of Jun 2026 • change vs previous quarter
MetricICEMAKEWAAREEINDO
Promoter Holding74.2%74.93%
FII Holding0.31% 0.09 pp0.55%
DII Holding1.38% 0.26 pp0.06% 0.06 pp
Public Holding24.11% 0.17 pp24.47% 0.08 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 Indosolar 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.