Share Price Up 128% This Year, Company Set To Pay Good Dividend Soon, Net Profit Up 91% YoY: Buy?

The share price of Ice Make Refrigeration Ltd. gained by around 10% today, on August 8, in the intra day trading. According to an available report, the company is set to pay Rs. 1.20/on October 17, as dividend. Additionally, Ice Make Refrigeration has recently expanded the customer base by obtaining export orders of Solar Cold Room, which is also helping the company's stock price to gain. This year, the company's share price has increased by 128.79%.

Ice Make Refrigeration Ltd.: NSE performance

The current market price of Ice Make Refrigeration Ltd. stood at Rs. 165.30/share on NSE, gaining by 9.98%, till last traded. In the last 5 days, the share price of this company has surged by 23.31% on NSE, and in the last 1 month, its share price has surged by 36.39%. Significantly, in the long term also, this stock has given a sharp return of 101.71%, in the last 1 year.

The 52-week high level of this stock is Rs. 165.30, and the 52-week low level of this stock is Rs. 57.30.

Market capitalization	Current market price	5 Days performance	1 Month performance
Rs. 260 crore	Rs. 165.30	23.31%	36.39%

Financial performance & about the company

This small-cap company's net sales have increased to Rs. 74.97 crore in Q4FY22, gained by 43.96% YoY from Rs. 52.08 crore in Q4FY21. Additionally, its quarterly net profit stood at Rs. 5.81 crore in Q4FY22, gained by 91.55% YoY from Rs. 3.04 crore in Q4FY21.

Commenting about the stock's potential simplywall.st stated, "Over the next year, EPS could expand by 1.3% if recent trends continue. Assuming the dividend continues along recent trends, we think the payout ratio could be 27% by next year, which is in a pretty sustainable range. We are pleased with the dividend remaining consistent, and we think there is a good chance of this continuing in the future. While the payout ratios are a good sign, we are less enthusiastic about the company's dividend record. The payment isn't stellar, but it could make a decent addition to a dividend portfolio."

Disclaimer

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