Is Ice Make Refrigeration Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Ice Make Refrigeration Ltd (ICEMAKE.NS) is currently classified as HALAL as of March 2026. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Ice Make Refrigeration Ltd a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Ice Make Refrigeration Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Ice Make Refrigeration Ltd?

Muslim investors may consider investing in Ice Make Refrigeration Ltd if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Ice Make Refrigeration Ltd classified as HALAL?

Musaffa determines the Shariah status of Ice Make Refrigeration Ltd by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Ice Make Refrigeration Ltd updated?

The Shariah compliance status of Ice Make Refrigeration Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Ice Make Refrigeration Ltd become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Ice Make Refrigeration Ltd?

You can check the latest Shariah compliance status of Ice Make Refrigeration Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

Ice Make Refrigeration Ltd ICEMAKE.NS

₹770.75 ₹7.75 (1.02%) 1D

Last Updated: May 15, 12:00 AM·NSE

ICEMAKE.NS Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: March 04, 2026

Report Source: 2026 3rd Quarter Report

Ice Make Refrigeration Ltd. Stock Analysis ICEMAKE.NS

India Industrials Micro Cap Report: Q3, 2026

Ice Make Refrigeration Ltd. is a refrigeration equipment manufacturer, which engages in providing cooling solutions. The company is engaged in the business of providing customized cooling solutions to various clients across a wide range of industries by manufacturing and supplying refrigeration products and equipment. Its product categories include cold storage, commercial refrigeration, industrial refrigeration, transport refrigeration, and ammonia refrigeration. Its cold storage products include cold rooms, cold room polyurethane foam panels and accessories, cold room refrigeration unit, solar cold room, blast chiller and freezer, glass door display chiller, and ripening chamber. Its commercial refrigeration products include an ice cream plant, bulk milk chiller, ice candy production machine, ice cream hardener, and vacuum freeze dryer. The company operates under the brand name, Ice Make, as well as under the brand names of Bharat and TransFreez through its subsidiary Bharat Refrigerations Private Limited.

Key Statistics of Ice Make Refrigeration Ltd (ICEMAKE.NS)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

₹761.40₹776.00

Today's Open

₹763.00

Volume

13.21K

P/E Ratio (TTM)

52.37

52 Week Range

₹660.30₹929.85

Market Cap

12.56B

Avg. Volume

24.25K

Dividend Yield

Financial Metrics & Statements of Ice Make Refrigeration Ltd (ICEMAKE.NS)

FAQ's for Ice Make Refrigeration Ltd (ICEMAKE.NS)

According to Musaffa’s Shariah screening methodology, Ice Make Refrigeration Ltd (ICEMAKE.NS) is currently classified as HALAL as of March 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.