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KRN Heat Exchanger and Refrigeration Ltd

KRN Share Price

768.501.11% (-8.65)
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With a market cap of ₹4,830 cr, stock is ranked 806

Stock is 4.27x as volatile as Nifty

KRN Stock Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹4,830 cr, stock is ranked 806

Stock is 4.27x as volatile as Nifty

KRN Performance & Key Metrics

KRN Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
81.869.69
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
41.246.100.64%

KRN Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 1 analyst

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

KRN Company Profile

KRN Heat Exchanger & Refrigeration Ltd manufactures fin and tube heat exchangers for HVAC&R applications, serving residential, commercial, and automotive sectors.

Investor Presentation

View older View older 

Nov 5, 2025

PDF
View Older Presentations
PE Ratio
54.76
54.76
1Y Return
0.66%
0.66%
Buy Reco %
75.00
75.00
PE Ratio
61.07
61.07
1Y Return
17.27%
17.27%
Buy Reco %
70.59
70.59
PE Ratio
43.27
43.27
1Y Return
12.73%
12.73%
Buy Reco %
80.00
80.00
PE Ratio
113.72
113.72
1Y Return
19.82%
19.82%
Buy Reco %
57.89
57.89
PE Ratio
47.01
47.01
1Y Return
21.71%
21.71%
Buy Reco %
80.00
80.00
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KRN Sentiment Analysis

KRN Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

KRN Stock Summary · August 2025

KRN Heat Exchanger and Refrigeration Limited demonstrated strong financial performance in Q1 FY '26, reporting a consolidated income of INR 118.86 crores and a net profit of INR 12.42 crores, driven by robust domestic and export demand. The company is strategically enhancing its production capacity with the new Neemrana facility, which is expected to significantly boost operational efficiency and market reach, despite initial production delays. While management remains optimistic about future revenue projections of INR 600 crore to INR 620 crore, challenges such as customer approvals and reliance on rolling monthly orders create uncertainty. The focus on innovation, particularly in the heat exchanger segment, positions the company well to capitalize on emerging market opportunities, including the growing data center cooling sector. Overall, a cautious yet positive outlook prevails as KRN aims to expand its global presence and improve margins through disciplined execution and strategic partnerships.

KRN Stock Growth Drivers
KRN Stock Growth Drivers
6
  • Strong Financial Performance

    KRN Heat Exchanger and Refrigeration Limited reported robust financial results for Q1 FY '26, with

  • Expansion and Capacity Enhancement

    The company has enhanced its capacity to serve both domestic and global markets with high-quality

KRN Stock Challenges
KRN Stock Challenges
4
  • Production Delays and Low Capacity Utilization

    The company has experienced delays in ramping up production at the new facility, which commenced

  • Declining EBITDA and Increased Costs

    Despite a 20% increase in revenue and gross profit, the company's EBITDA has declined due

KRN Forecast

KRN Forecasts

Price

Revenue

Earnings

KRN

KRN

Income

Balance Sheet

Cash Flow

KRN Income Statement

KRN Income Statement

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Financial YearFY 2024FY 2025TTM
Total Revenue313.74441.71525.51
Raw Materialssubtract226.83319.15427.77
Power & Fuel Costsubtract0.240.22
Employee Costsubtract12.2020.04
Selling & Administrative Expensessubtract8.179.46
Operating & Other expensessubtract2.3810.47
Depreciation/Amortizationsubtract3.994.639.41
Interest & Other Itemssubtract3.993.412.86
Taxes & Other Itemssubtract16.5521.4426.46
EPS8.549.779.49
DPS0.000.000.00
Payout ratio0.000.000.00

KRN Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2026FY 2026

Annual Report Pending

Investor Presentation

Nov 5PDF
Jul 31PDF
FY 2025FY 2025

Annual report

PDF

Investor Presentation

May 13PDF
May 12PDF
Jan 31PDF
Nov 6PDF
 

KRN Stock Peers

KRN Past Performance & Peer Comparison

KRN Past Performance & Peer Comparison

Comparing 3 stocks from 
IndustrialsElectrical Components & Equipments

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
KRN Heat Exchanger and Refrigeration Ltd91.339.69
Polycab India Ltd54.7611.170.48%
Havells India Ltd61.0710.780.70%
Apar Industries Ltd43.277.890.58%

KRN Stock Price Comparison

Compare KRN with any stock or ETF
Compare KRN with any stock or ETF
KRN
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KRN Holdings

KRN Shareholdings

KRN Promoter Holdings Trend

KRN Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

KRN Institutional Holdings Trend

KRN Institutional Holdings Trend

Decreased Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has decreased by 1.98%

Increased Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has increased by 3.11%

Tickertape Separator

KRN Shareholding Pattern

KRN Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding70.79%2.24%3.97%5.46%17.54%

Dec 2024

Mar 2025

Jun 2025

Sep 2025

KRN Shareholding History

KRN Shareholding History

SepOctDec '24MarJunSep4.05%4.05%1.98%1.21%2.35%5.46%

Mutual Funds Invested in KRN

Mutual Funds Invested in KRN

No mutual funds holding trends are available

Top 5 Mutual Funds holding KRN Heat Exchanger and Refrigeration Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
0.5592%0.43%-0.09%99/172 (-1)
0.3125%0.38%-0.08%99/155 (-4)
0.3001%0.78%0.12%71/86 (-4)

Compare 3-month MF holding change on Screener

KRN Insider Trades & Bulk Stock Deals

KRN Insider Trades & Bulk Stock Deals

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smallcases containing KRN stock

smallcases containing KRN stock

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KRN Events

KRN Events

KRN Dividend Trend

No Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

KRN has not given any dividends in last 5 years

Dividends

Corp. Actions

Announcements

Legal Orders

KRN Dividend Trend

No Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

KRN has not given any dividends in last 5 years

KRN Dividends

KRN Dividends

Hmm, looks like data is unavailable here. Please come back after some time

KRN Stock News & Opinions

KRN Stock News & Opinions

Earnings
KRN Heat Exchanger and Refrigeration consolidated net profit rises 46.39% in the September 2025 quarter

Net profit of KRN Heat Exchanger and Refrigeration rose 46.39% to Rs 18.02 crore in the quarter ended September 2025 as against Rs 12.31 crore during the previous quarter ended September 2024. Sales rose 66.93% to Rs 152.07 crore in the quarter ended September 2025 as against Rs 91.10 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales152.0791.10 67 OPM %19.9019.88 - PBDT31.7918.45 72 PBT26.9417.30 56 NP18.0212.31 46 Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Corporate
KRN Heat Exchanger & Refrigeration to hold board meeting

KRN Heat Exchanger & Refrigeration will hold a meeting of the Board of Directors of the Company on 4 November 2025.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
KRN Heat Exchanger & Refrigeration to conduct AGM

KRN Heat Exchanger & Refrigeration announced that the 8th Annual General Meeting(AGM) of the company will be held on 16 September 2025.Powered by Capital Market - Live

3 months agoCapital Market - Live
Earnings
KRN Heat Exchanger and Refrigeration consolidated net profit rises 3.76% in the June 2025 quarter

Net profit of KRN Heat Exchanger and Refrigeration rose 3.76% to Rs 12.42 crore in the quarter ended June 2025 as against Rs 11.97 crore during the previous quarter ended June 2024. Sales rose 20.36% to Rs 115.28 crore in the quarter ended June 2025 as against Rs 95.78 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales115.2895.78 20 OPM %15.2618.48 - PBDT20.4717.88 14 PBT18.2916.76 9 NP12.4211.97 4 Powered by Capital Market - Live

4 months agoCapital Market - Live
Corporate
KRN Heat Exchanger & Refrigeration schedules board meeting

KRN Heat Exchanger & Refrigeration will hold a meeting of the Board of Directors of the Company on 31 July 2025.Powered by Capital Market - Live

4 months agoCapital Market - Live
Corporate
KRN HVAC Products receives approval for PLI incentives of Rs 141.72 cr

KRN Heat Exchanger and Refrigeration announced that in order to take the benefits of the Performance Linked Incentive (PLI) Scheme (herein referred to as PLI Scheme) for white goods (Air Conditioners and LEDs) Products, notified vide Gazette Notification No. CG-DL-E-16042021-226671 dated 16 April 2021 and PLI Scheme Guidelines issued thereunder, the Company's wholly owned subsidiary namely KRN HVAC Products Private Limited had made an application with IFCI (a government of India undertaking) and received an approval of incentives amounting to Rs 141.72 crore. The PLI Scheme is aimed at making India a global manufacturing hub for white goods (Air Conditioners and LEDs) products under Make in India initiative. Powered by Capital Market - Live

6 months agoCapital Market - Live
Earnings
KRN Heat Exchanger and Refrigeration consolidated net profit rises 23.40% in the March 2025 quarter

Net profit of KRN Heat Exchanger and Refrigeration rose 23.40% to Rs 14.87 crore in the quarter ended March 2025 as against Rs 12.05 crore during the previous quarter ended March 2024. Sales rose 60.37% to Rs 131.50 crore in the quarter ended March 2025 as against Rs 82.00 crore during the previous quarter ended March 2024. For the full year,net profit rose 34.25% to Rs 52.88 crore in the year ended March 2025 as against Rs 39.39 crore during the previous year ended March 2024. Sales rose 39.43% to Rs 429.85 crore in the year ended March 2025 as against Rs 308.28 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales131.5082.00 60 429.85308.28 39 OPM %14.3721.44 -16.4018.96 - PBDT22.3018.26 22 78.9559.92 32 PBT21.1217.30 22 74.3255.93 33 NP14.8712.05 23 52.8839.39 34 Powered by Capital Market - Live

6 months agoCapital Market - Live
Corporate
KRN Heat Exchanger & Refrigeration announces board meeting date

KRN Heat Exchanger & Refrigeration will hold a meeting of the Board of Directors of the Company on 12 May 2025.Powered by Capital Market - Live

7 months agoCapital Market - Live
Earnings
KRN Heat Exchanger and Refrigeration standalone net profit rises 61.04% in the December 2024 quarter

Net profit of KRN Heat Exchanger and Refrigeration rose 61.04% to Rs 12.69 crore in the quarter ended December 2024 as against Rs 7.88 crore during the previous quarter ended December 2023. Sales rose 58.36% to Rs 103.95 crore in the quarter ended December 2024 as against Rs 65.64 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales103.9565.64 58 OPM %15.5317.89 - PBDT18.9312.15 56 PBT18.0011.12 62 NP12.697.88 61 Powered by Capital Market - Live

10 months agoCapital Market - Live
Corporate
KRN Heat Exchanger & Refrigeration to conduct board meeting

KRN Heat Exchanger & Refrigeration will hold a meeting of the Board of Directors of the Company on 27 January 2025.Powered by Capital Market - Live

10 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. What is the share price of KRN Heat Exchanger and Refrigeration Ltd (KRN) today?

    The share price of KRN as on 5th December 2025 is ₹768.50. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on KRN Heat Exchanger and Refrigeration Ltd (KRN) share?

    The past returns of KRN Heat Exchanger and Refrigeration Ltd (KRN) share are
    • Past 1 week: -4.02%
    • Past 1 month: 0.04%
    • Past 3 months: -10.22%
    • Past 6 months: 2.94%
    • Past 1 year: -5.68%
    • Past 3 years: N/A%
    • Past 5 years: 62.32%

  3. What are the peers or stocks similar to KRN Heat Exchanger and Refrigeration Ltd (KRN)?
  4. What is the market cap of KRN Heat Exchanger and Refrigeration Ltd (KRN) share?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of KRN Heat Exchanger and Refrigeration Ltd (KRN) is ₹4830.50 Cr as of 5th December 2025.

  5. What is the 52 week high and low of KRN Heat Exchanger and Refrigeration Ltd (KRN) share?

    The 52-week high of KRN Heat Exchanger and Refrigeration Ltd (KRN) is ₹1012 and the 52-week low is ₹675.30.

  6. What is the PE and PB ratio of KRN Heat Exchanger and Refrigeration Ltd (KRN) stock?

    The P/E (price-to-earnings) ratio of KRN Heat Exchanger and Refrigeration Ltd (KRN) is 91.33. The P/B (price-to-book) ratio is 9.69.

  7. Which sector does KRN Heat Exchanger and Refrigeration Ltd (KRN) belong to?

    KRN Heat Exchanger and Refrigeration Ltd (KRN) belongs to the Industrials sector & Electrical Components & Equipments sub-sector.

  8. How to buy KRN Heat Exchanger and Refrigeration Ltd (KRN) shares?

    You can directly buy KRN Heat Exchanger and Refrigeration Ltd (KRN) shares on Tickertape. Simply sign up, connect your demat account and place your order.