KRN Heat Exchanger and Refrigeration
KRN NSE
KRN Heat Exchanger and Refrigeration
Industrial ProductsNSE: KRN BSE: 544263 Other Industrial Products
Key Fundamentals
MicrocapOther Industrial ProductsIndustrial ProductsMarket Cap
₹10,105 Cr
Volatility
Moderate
P/E Ratio
103.89
EBITDA
₹112 Cr
Return on Equity
10.6%
Debt to Equity
0.33
Book Value
₹141.16
52W High
₹1,687
52W Low
₹589.8
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company is expected to give good quarter
Weaknesses
5- Stock is trading at 17.3 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -5.10%
- Company might be capitalizing the interest cost
- Debtor days have increased from 82.5 to 106 days.
Growth Rate
Revenue Growth
35.85% higher than
3Y
Net Income Growth
45.86% lower than
3Y
Cash Flow Change
26.71% lower than
3Y
ROE
-64.29% lower than
3Y
ROCE
-57.99% level than
3Y
EBITDA Margin (Avg.)
-1.18% higher than
3Y
Quarterly Results
| Particulars | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 71 | 66 | 82 | 96 | 91 | 111 | 132 | 115 | 152 | 153 | 179 | 252 |
| Expenses | 58 | 54 | 64 | 78 | 73 | 96 | 113 | 98 | 122 | 122 | 146 | 203 |
| Operating Profit | 13 | 12 | 18 | 18 | 18 | 16 | 19 | 18 | 30 | 31 | 34 | 49 |
| OPM % | 19% | 18% | 21% | 18% | 20% | 14% | 14% | 15% | 20% | 20% | 19% | 19% |
| Other Income | 1 | 1 | 2 | 1 | 1 | 5 | 4 | 4 | 2 | 2 | 2 | 3 |
| Interest | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 2 | 3 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 5 | 6 | 6 | 6 |
| PBT | 12 | 11 | 17 | 17 | 17 | 19 | 21 | 18 | 27 | 26 | 27 | 42 |
| Tax % | 29% | 29% | 30% | 29% | 29% | 28% | 30% | 32% | 33% | 12% | 13% | 22% |
| Net Profit | 9 | 8 | 12 | 12 | 12 | 14 | 15 | 12 | 18 | 23 | 23 | 33 |
| EPS in Rs | 1.96 | 1.71 | 2.61 | 2.59 | 1.98 | 2.21 | 2.39 | 2 | 2.9 | 3.65 | 3.76 | 5.03 |
Profit & Loss
| Particulars | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|
| Sales | 307 | 430 | 600 | 737 |
| Expenses | 249 | 359 | 488 | 593 |
| Operating Profit | 59 | 70 | 112 | 144 |
| OPM % | 19% | 16% | 19% | 20% |
| Other Income | 5 | 12 | 10 | 9 |
| Interest | 4 | 3 | 6 | 8 |
| Depreciation | 4 | 5 | 19 | 23 |
| PBT | 56 | 74 | 98 | 122 |
| Tax % | 30% | 29% | 22% | — |
| Net Profit | 39 | 53 | 76 | 97 |
| EPS in Rs | 8.54 | 8.51 | 12.3 | 15.34 |
| Div. Payout % | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Equity Capital | 46 | 62 | 62 |
| Reserves | 84 | 436 | 512 |
| Borrowings | 87 | 33 | 187 |
| Other Liabilities | 40 | 63 | 171 |
| Total Liabilities | 257 | 595 | 932 |
| Fixed Assets | 82 | 85 | 314 |
| CWIP | 4 | 82 | 33 |
| Investments | 0 | 0 | 0 |
| Other Assets | 171 | 428 | 585 |
| Total Assets | 257 | 595 | 932 |
Cash Flow
| Particulars | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Operating | 17 | 21 | -114 |
| Investing | -64 | -279 | -34 |
| Financing | 50 | 258 | 148 |
| Net Cash Flow | 3 | 0 | 0 |
| Free Cash Flow | -41 | -65 | -312 |
| CFO/OP | 54 | 61 | -82 |
Ratios
| Particulars | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Debtor Days | 62 | 79 | 106 |
| Inventory Days | 139 | 110 | 242 |
| Days Payable | 60 | 63 | 140 |
| Cash Conversion Cycle | 141 | 125 | 208 |
| Working Capital Days | 62 | 153 | 110 |
| ROCE % | — | 21% | 16% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view KRN Heat Exchanger and Refrigeration insights
59 extracted metrics + investor summaries across FY22–FY26.
Documents
1
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
7h - Q4 and 12M FY26 earnings conference call on 15 May 2026 at 1:00 PM IST. 7h - Q4 and 12M FY26 earnings conference call on 15 May 2026 at 1:00 PM IST.
2
Board Meeting Intimation for Consider And Approve The Financial Results For The Period Ended March 31, 2026
8 May - Board meeting on 14 May 2026 to consider audited FY26 standalone and consolidated results; trading window closes till 16 May. 8 May - Board meeting on 14 May 2026 to consider audited FY26 standalone and consolidated results; trading window closes till 16 May.
3
Clarification With Respect To Significant Movement In The Price
18 Apr - KRN says share price movement is market-driven and no pending price-sensitive disclosure exists. 18 Apr - KRN says share price movement is market-driven and no pending price-sensitive disclosure exists.
4
Clarification sought from KRN Heat Exchanger And Refrigeration Ltd
17 Apr - Exchange has sought clarification from KRN Heat Exchanger And Refrigeration Ltd on April 17, 2026 with reference to significant movement in price, in order to … 17 Apr - Exchange has sought clarification from KRN Heat Exchanger And Refrigeration Ltd on April 17, 2026 with reference to significant movement in price, in order to …
Frequently Asked Questions about KRN Heat Exchanger and Refrigeration
What does KRN Heat Exchanger and Refrigeration Ltd do?
KRN Heat Exchanger and Refrigeration (KHERL), manufactures fin and tube-type heat exchangers for the Heat Ventilation Air Conditioning, and Refrigeration Industry.[1]
Where is KRN Heat Exchanger and Refrigeration Ltd (KRN) listed?
KRN Heat Exchanger and Refrigeration Ltd trades as KRN on the NSE and under code 544263 on the BSE.
Which sector does KRN Heat Exchanger and Refrigeration Ltd belong to?
KRN Heat Exchanger and Refrigeration Ltd is classified under the Industrial Products sector, in the Other Industrial Products industry.
What is the market capitalisation of KRN Heat Exchanger and Refrigeration Ltd?
KRN Heat Exchanger and Refrigeration Ltd has a market capitalisation of ₹10,105 Cr, which places it in the Mid Cap band.
What is the PE ratio of KRN Heat Exchanger and Refrigeration Ltd?
KRN Heat Exchanger and Refrigeration Ltd trades at a PE ratio of 103.89, against a book value of ₹141.16 per share.
What is the 52-week high and low of KRN Heat Exchanger and Refrigeration Ltd?
Over the last 52 weeks KRN Heat Exchanger and Refrigeration Ltd has traded between ₹589.8 and ₹1,687.
What is the Return on Equity (ROE) of KRN Heat Exchanger and Refrigeration Ltd?
KRN Heat Exchanger and Refrigeration Ltd reported a return on equity of 10.60%. Its debt-to-equity ratio is 0.33.
Company Information
KRN Heat Exchanger and Refrigeration (KHERL), manufactures fin and tube-type heat exchangers for the Heat Ventilation Air Conditioning, and Refrigeration Industry.[1]
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