The evidence leans negative1 supporting, 3 against, 1 worth knowing
Supporting
revenue grew 34% year on year in the quarter ending 2024-12-31
Against
trading 7% below its 200-day average
down 1% over twelve months
net margin has narrowed from 10.2% to 2.5% across four quarters
Worth knowing
RSI at 20 is washed out — historically the better half of this site's measured edge comes from exactly this condition
The most recent financials the exchange publishes for ICEMAKE are 20 months old, so everything above about the business is history rather than a current read.
What would change this read: a close back above 773, its 200-day average.
Assembled automatically from the figures on this page — the scans matched, their measured record, the filed financials, the derivatives positioning and the peer comparison. It is not a recommendation, no one has spoken to the company, and every claim above can be checked against a number further down this page.
What is working, what is not
read from the filings, with the figure behind every line
Working2
Net profit +39.2% year on year, Rs 2 cr to Rs 3 cr.
+39.2%Rs 2 crRs 3 cr
Revenue +34.1% year on year, Rs 82 cr to Rs 111 cr.
+34.1%Rs 82 crRs 111 cr
Needs watching
Nothing in the filings stands out either way.
Every figure here is computed from the company’s own filings. The wording is generated directly from the figures.
How it has performed
price return over each window, measured against zero
What the scans say today
3 of 47 matched on 2026-08-21
ICEMAKE matches 3 of the 47 scans today, across 1 different kinds of evidence.
ICEMAKE trades at 45× trailing earnings, close to its median of 48× over this window. The band runs from the 5th to the 95th percentile, so single-day spikes do not set the edges.
This window is short by the standards of valuation history — it begins where four quarters of filed earnings first exist. A stock can look cheap against two years and expensive against ten.
The business
from the company’s filed results
These figures are 20 months old. The most recent quarter the exchange feed publishes for this company ended 2024-12-31. Treat the growth rates below as history, not as a current read — the business may look quite different now.
Everything below is taken from the company’s own quarterly filing with the exchange — the XBRL document it submitted, not a vendor’s summary of it. Figures in rupees crore.
RevenueNet profit, drawn inside its revenue barNet margin, own scale belowrupees crore, per quarter as filed. Revenue bars start at zero.
Going for it
revenue grew 34% against the same quarter a year earlier
profit rose 39% year on year
revenue rose in 3 of the last 4 quarters
Going against it
net margin narrowed from 4.6% to 2.5%
Quarter-by-quarter numbers, as filed
Quarter
Revenue
Profit before tax
Net profit
EPS
Net margin
Q3 FY25
2024-12-31 · consolidated
111
4
3
1.82
2.5%
Q2 FY25
2024-09-30 · consolidated
103
7
5
3.05
4.6%
Q1 FY25
2024-06-30 · consolidated
85
5
4
2.35
4.3%
Q4 FY24
2024-03-31 · consolidated
140
19
14
9.04
10.2%
Q3 FY24
2023-12-31 · consolidated
82
3
2
1.28
2.4%
Q2 FY24
2023-09-30 · consolidated
77
6
4
2.85
5.8%
Quarterly filings are unaudited unless stated. Consolidated figures are used where the company files both. A single quarter is a noisy thing — the trend across the column is worth more than the top row.
Where the price stands
the same figures every scan on this site is computed from
Trend
Distance from the averages traders watch. Above all of them is a bull phase; below the 200-day is the line most investors use to say otherwise.
Versus 50-day average-8.7%
Versus 200-day average-6.6%
Below 52-week high-18.5%
Above 52-week low+8.5%
Momentum
How hard it has been pushed lately. Above 70 on RSI is stretched, below 30 is washed out — neither is a signal on its own.
RSI (14)19.5
Higher closes in last 51 of 5
Six-month return−10.65%
Risk and liquidity
What a position costs to hold and to exit. Position sizing starts with the daily swing, not with conviction.