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KRN HEAT EXCHANGE N REF L KRN NSETECH

Technology · Electronic Components · India
https://krnheatexchanger.com
Company Profile ↓
₹1,578.70
+75.13% 1Y
Mkt Cap₹9,812.66 Cr
P/E128.35
P/B13.12
52W High₹1,609.70
52W Low₹598.10
Book Value₹92.35
EPS (TTM)₹12.30

Company Overview

KRN Heat Exchanger and Refrigeration Limited manufactures and sells heat exchangers, evaporators, and condensers to original equipment manufacturers in the heat, ventilation, air conditioning, and refrigeration industries. It offers condenser coils, evaporator units and coils, header/copper parts, fluid and steam coils, condensing and air-cooling units, sheet metal parts, aluminum/copper fins and copper tubes, bar and plate, and other components. The company operates in India, the rest of Asia, Europe, North America, South America, and Oceania. The company was incorporated in 2017 and is based in Neemrana, India.

Why Investors Should Care

Healthy Capital Returns

Return on capital employed stands at 18.0%.

Consistent Profit Growth

Net profit has compounded at 33.3% per year over the last five years.

Steady Revenue Expansion

Revenue has grown at a 34.4% CAGR over the past five years.

Healthy Margins

Operating margin of 15.6% supports profitability.

Conservative Balance Sheet

Carries low leverage with a debt-to-equity ratio of 0.33.

Recent Developments

  • Mar 2026 Revenue of ₹600.06 Cr (+39.6% YoY); net profit ₹76.47 Cr.
  • Trailing 12 Months Year-on-year growth — revenue +39.6%, earnings +44.6%.
  • 5-Year Trend Long-term compounding — revenue CAGR 34.4%, profit CAGR 33.3%.

Growth & Price Performance

Compounded Sales Growth

5 Years:34.38%
1 Year:39.60%

Compounded Profit Growth

5 Years:33.26%
1 Year:44.62%

Stock Price Performance

1 Year:+75.13%
6 Months:+70.40%
3 Months:+28.14%
1 Month:+29.97%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bullish
52-Week Range 97% of range
₹598.10 ₹1,609.70
Trend Signals
  • Price vs 50-DMAAbove
  • Price vs 200-DMAAbove
  • RSI (14)65.34 · Neutral
Price Performance
1M+29.97%
3M+28.14%
6M+70.40%
1Y+75.13%
Valuation vs Sector

P/E of 128.35 is above the sector median of 27.95 — pricier than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Compounding revenue at 34.4% over 5 years.
  • Profit CAGR of 33.3% over 5 years.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Trading at a high P/E of 128.3.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
128.35
Industry PE
27.95
Forward P/E
45.36
PEG Ratio
-
Book Value
₹92.35
Price to Book
13.12
P/S
13.18
EV/EBITDA
68.18
Dividend Yield
0.00%

Growth (CAGR)

Revenue 5Y
34.38%
Profit 5Y
33.26%
Revenue (YoY)
39.60%
Earnings (YoY)
44.62%

Profitability & Returns

ROCE
18.02%
ROE
13.32%
ROA
8.21%
Profit Margin
12.74%
Op Margin
15.62%
Gross Margin
31.37%
EPS (Latest Qtr)
₹3.75
EPS (TTM)
₹12.30

Balance Sheet & Liquidity

Debt/Equity
0.33
Quick Ratio
0.87
Current Ratio
1.64
Debt
₹187.31 Cr
Total Assets
₹931.82 Cr
Current Assets
₹583.13 Cr
Working Capital
₹227.55 Cr

Ownership

Promoter Holding
68.49%
Chg in Prom Hold
-3.94%
FII / Inst Holding
7.63%
Chg in FII Hold
-0.20%

Financial Snapshot

Enterprise Value
₹9,812.66 Cr
Total Revenue (TTM)
₹600.06 Cr
EBITDA
₹122.62 Cr
Free Cash Flow
₹-361.33 Cr
Operating Cash Flow
₹-113.80 Cr
Shares Outstanding
₹6.22 Cr
Gross Margin
31.37%
Payout Ratio
0.00%

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 KRN KRN HEAT EXCHANGE N REF L NSETECH 1,578.70 128.35 ₹9,812.66 Cr 0.00% 18.02% 13.32% 34.38% 33.26%
2 TCS Tata Consultancy Services Limited NIFTY50NSEAITECH 2,304.00 16.94 ₹8.34 L Cr 2.74% 54.93% 45.89% 5.80% 5.30%
3 INFY Infosys Limited NIFTY50NSEAITECH 1,130.00 1,412.50 ₹4.58 L Cr 4.29% 41.66% 33.85% 3.44% 3.58%
4 HCLTECH HCL Technologies Limited NIFTY50NSEAITECH 1,293.40 21.08 ₹3.51 L Cr 4.49% 27.21% 22.14% 8.65% 3.87%
5 WIPRO Wipro Limited NIFTY50NSEAITECH 176.40 14.04 ₹1.85 L Cr 4.30% 17.85% 14.91% 0.78% 5.16%
6 TECHM Tech Mahindra Limited NIFTY50NSEAITECH 1,596.90 29.47 ₹1.56 L Cr 3.12% 19.82% 16.24% 2.16% -0.14%
7 LTM LTM Limited NSETECH 4,554.00 26.93 ₹1.35 L Cr 1.66% 25.39% 20.89% 8.43% 4.41%
8 LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH 1,640.70 66.08 ₹1.11 L Cr 0.00% 27.64% 21.98% 1.25% -
9 PAYTM One97 Communications Limited NIFTY_MIDNSEAITECH 1,659.50 194.09 ₹1.06 L Cr 0.00% 3.68% 3.45% 2.20% 43.71%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 71.00 Cr66.00 Cr82.00 Cr96.00 Cr91.00 Cr111.47 Cr131.50 Cr115.28 Cr152.00 Cr153.23 Cr179.48 Cr
Cost of Revenue -----84.81 Cr98.74 Cr85.72 Cr-100.86 Cr120.92 Cr
Gross Profit -----26.66 Cr32.76 Cr29.56 Cr-52.37 Cr58.55 Cr
Operating Expenses 58.00 Cr54.00 Cr64.00 Cr78.00 Cr73.00 Cr12.03 Cr15.05 Cr14.15 Cr122.00 Cr27.05 Cr30.98 Cr
Operating Income 12.00 Cr11.00 Cr17.00 Cr17.00 Cr17.00 Cr14.62 Cr17.71 Cr15.41 Cr25.00 Cr25.32 Cr27.57 Cr
EBITDA 13.00 Cr12.00 Cr18.00 Cr18.00 Cr18.00 Cr20.70 Cr23.22 Cr21.17 Cr30.00 Cr33.34 Cr35.46 Cr
Interest Expense 1.00 Cr1.00 Cr1.00 Cr1.00 Cr1.00 Cr37.60 L92.01 L69.55 L1.00 Cr1.70 Cr2.64 Cr
Pretax Income 12.00 Cr11.00 Cr17.00 Cr17.00 Cr17.00 Cr19.14 Cr21.12 Cr18.29 Cr27.00 Cr25.87 Cr26.85 Cr
Tax Provision 3.48 Cr3.19 Cr5.10 Cr4.93 Cr4.93 Cr5.41 Cr6.25 Cr5.87 Cr8.91 Cr3.21 Cr3.49 Cr
Net Income 9.00 Cr8.00 Cr12.00 Cr12.00 Cr12.00 Cr13.73 Cr14.87 Cr12.42 Cr18.00 Cr22.66 Cr23.36 Cr
Diluted EPS 1.961.712.612.591.982.122.392.002.903.653.75

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -247.30 Cr308.12 Cr429.85 Cr600.06 Cr
Cost of Revenue -183.68 Cr228.01 Cr318.94 Cr411.79 Cr
Gross Profit -63.62 Cr80.10 Cr110.91 Cr188.27 Cr
Operating Expenses -16.51 Cr24.27 Cr45.03 Cr94.55 Cr
Operating Income -47.11 Cr55.84 Cr65.88 Cr93.72 Cr
EBITDA -51.03 Cr62.55 Cr82.37 Cr122.62 Cr
Interest Expense -2.36 Cr2.63 Cr3.41 Cr5.90 Cr
Pretax Income -45.50 Cr55.93 Cr74.32 Cr97.96 Cr
Tax Provision -13.18 Cr16.54 Cr21.45 Cr21.49 Cr
Net Income -32.31 Cr39.39 Cr52.88 Cr76.47 Cr
Diluted EPS -6.938.459.7512.30

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -148.76 Cr257.42 Cr595.11 Cr931.82 Cr
Current Assets -115.77 Cr169.78 Cr425.54 Cr583.13 Cr
Cash & Equivalents -7.46 Cr10.31 Cr10.26 Cr9.99 Cr
Inventory -55.08 Cr84.41 Cr95.85 Cr272.91 Cr
Receivables -38.66 Cr52.44 Cr92.96 Cr174.71 Cr
Total Liabilities -89.19 Cr127.14 Cr96.48 Cr357.82 Cr
Current Liabilities -72.01 Cr101.99 Cr94.05 Cr355.58 Cr
Long Term Debt -16.54 Cr7.97 Cr1.43 Cr21.47 L
Total Debt -36.64 Cr86.96 Cr33.47 Cr187.31 Cr
Total Equity -59.57 Cr130.28 Cr498.63 Cr573.99 Cr
Shares Outstanding -6.22 Cr6.22 Cr6.22 Cr6.22 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow 5.07 Cr16.92 Cr21.44 Cr-113.80 Cr
Investing Cash Flow -13.99 Cr-64.17 Cr-279.26 Cr-34.16 Cr
Financing Cash Flow 11.01 Cr50.10 Cr257.77 Cr147.69 Cr
Capital Expenditure -14.00 Cr-69.79 Cr-151.01 Cr-247.53 Cr
Free Cash Flow -8.93 Cr-52.86 Cr-129.56 Cr-361.33 Cr
Net Change in Cash 2.10 Cr2.85 Cr-4.47 L-27.55 L

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -25.7%26.0%25.8%31.4%
Operating Margin % -19.1%18.1%15.3%15.6%
Net Margin % -13.1%12.8%12.3%12.7%
ROE % -54.2%30.2%10.6%13.3%
ROCE % -61.4%35.9%13.1%16.3%

Shareholding Pattern

Insiders
68.49%
Institutions
7.63%
Public Float
24.21%

Analyst View

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Latest News

Recent headlines for KRN

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Google News Mon, 17 Aug 2026

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Google News ue, 19 May 2026

KRN Heat Exchanger and Refrigeration Limited (NSE:KRN) Reported Earnings Last Week And Analysts Are Already Upgrading Their Estimates - simplywall.st

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Google News Sat, 15 Aug 2026

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Google News Wed, 02 Sep 2026

KRN Heat Exchanger schedules 9th AGM for September 25, 2026 - scanx.trade

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KRN — Frequently Asked Questions

What is the current share price of KRN HEAT EXCHANGE N REF L (KRN)?

As of 2026-09-08 04:53 IST, KRN HEAT EXCHANGE N REF L (KRN) trades at ₹1,578.70 on NSE. Its 52-week range is ₹598.10 to ₹1,609.70.

What is the market capitalisation of KRN?

KRN HEAT EXCHANGE N REF L (KRN) has a market capitalisation of ₹9,812.66 Cr on NSE.

What is the P/E ratio of KRN?

KRN trades at a trailing price-to-earnings (P/E) ratio of 128.35. The industry average P/E is 27.95. Its price-to-book (P/B) ratio is 13.12.

What is the return on equity (ROE) of KRN?

KRN has a return on equity (ROE) of 13.32%. Its return on capital employed (ROCE) is 18.02%.

Is KRN a good stock to buy?

This page provides a data-driven analysis of KRN HEAT EXCHANGE N REF L (KRN), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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