KRN Heat Exchanger and Refrigeration

KRN Heat Exchanger and Refrigeration

809.55
-22.35
(-2.69%)
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Key Fundamentals
Add Ratio
Market Cap
5,031.89 Cr
EPS
9.75
PE Ratio
88.06
Dividend Yield
0.00 %
52 Week High
1,012.00
52 Week Low
675.30
PB Ratio
9.84
Debt to Equity
0.19
Analyst Rating and Forecast
- By Refinitiv from1 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+100.00 %
+100.00 %
Hold
Hold0.0 %
0.0 %
Sell
Sell0.0 %
0.0 %
Forecast For
Actual

Company News

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positive
KRN Heat Exchanger and Refrigeration Limited reported strong quarterly results with standalone revenue growing 126% year-on-year to INR 227.22 crores in Q2FY26 compared to INR 100.48 crores in the same quarter last year. Net profit nearly doubled to INR 23.66 crores from INR 12.11 crores, marking 95% growth. EBITDA increased 69% to INR 29.60 crores from INR 17.56 crores. The company's new manufacturing facility at Neemrana, commissioned on May 30, 2025, contributed approximately INR 33 crores to quarterly revenue and is currently operating at 20% capacity utilization. Management targets 50% utilization for the new facility next year. The company's subsidiary acquired the bus air-conditioning division of Spare Refrigeration Systems Private Limited to expand presence in the automotive HVAC segment. Export business showed continued strength from UAE, United States, Canada and Italy markets. The company received CRISIL A- rating with stable outlook for bank facilities and expects to benefit from PLI scheme and state government incentives from next year.
neutral
KRN Heat Exchanger And Refrigeration management stated during a conference call that they cannot provide specific revenue guidance. The company expects EBITDA margins to remain near 20% with potential growth in profit after tax due to incentives and tax benefits. For their new facility, KRN anticipates 20% capacity utilization in FY26, increasing to 50% in FY27. The company projects 20-25% industry growth in commercial air conditioning over the next decade.
positive
KRN Heat Exchanger and Refrigeration Limited reported strong quarterly results with standalone net profit rising 95.38% to ₹23.66 crores and revenue increasing 126.13% to ₹227.22 crores. On a consolidated basis, total income grew 66.91% to ₹154.69 crores with net profit up 46.14% to ₹17.99 crores. For the half-year period, standalone revenue jumped 72.87% to ₹344.35 crores while net profit increased 65.74% to ₹39.32 crores. The company's wholly owned subsidiary KRN HVAC Products signed a Business Transfer Agreement to acquire the Bus Air-Conditioning division of Sphere Refrigeration Systems, including transfer of operations, assets, and employees. CRISIL assigned the company an A- rating with stable outlook for its bank facilities. Export revenue was led by UAE at 47.43%, USA at 20.01%, and Canada at 18.86%. Chairman Managing Director Santosh Kumar highlighted the automotive HVAC segment acquisition as strengthening their market presence and supporting future growth.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
17,760.00
#1 26,611.81
414.04
342.20
26.60
61
4.62
64.48
1,173.20
10,648.37
42.66
1,346.70
15.63
226
22.83
45.98
5,700.70
8,775.10
42.31
1,381.20
10.51
175
83.33
74.76
809.55
#4 5,031.89
#9 88.06
#7 441.70
#1 40.89
#7 53
#3 46.34
47.07
3,509.70
3,656.37
#1 11.23
#1 6,677.70
4.15
#1 308
7.53
30.20
389.80
3,548.90
37.08
1,445.40
1.66
89
25.52
44.49
1,076.50
1,873.41
35.51
1,141.50
4.44
60
#1 273.13
50.65
304.20
1,138.51
28.31
344.50
20.62
36
20.00
29.04
153.15
1,040.25
37.51
608.20
14.99
29
1.90
41.49
397.00
971.86
31.00
362.00
15.32
34
-16.00
36.58

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Growth Rate
Revenue Growth
40.89 %
Net Income Growth
35.29 %
Cash Flow Change
26.71 %
ROE
-64.29 %
ROCE
-57.99 %
EBITDA Margin (Avg.)
-8.22 %

Quarterly Financial Results

Quarterly Financials
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Revenue
91
72
67
84
97
93
116
136
119
155
Expenses
74
58
54
64
78
73
96
113
98
122
EBITDA
17
14
13
19
19
20
21
23
21
33
Operating Profit %
18 %
19 %
18 %
21 %
18 %
20 %
14 %
14 %
15 %
20 %
Depreciation
1
1
1
1
1
1
1
1
2
5
Interest
1
1
1
1
1
1
0
1
1
1
Profit Before Tax
15
12
11
17
17
17
19
21
18
27
Tax
5
4
3
5
5
5
5
6
6
9
Net Profit
11
9
8
12
12
12
14
15
12
18
EPS in ₹
2.47
1.98
1.71
2.62
2.59
2.64
2.12
2.39
2.00
2.90

Balance Sheet

Balance Sheet
2024
2025
Total Assets
258
595
Fixed Assets
82
85
Current Assets
171
426
Capital Work in Progress
4
82
Investments
0
0
Other Assets
172
428
Total Liabilities
258
595
Current Liabilities
97
94
Non Current Liabilities
30
2
Total Equity
132
499
Reserve & Surplus
86
437
Share Capital
46
62

Cash Flow

Cash Flow
2024
2025
Net Cash Flow
3
0
Investing Activities
-64
-279
Operating Activities
17
21
Financing Activities
50
258

Share Holding

% Holding
Jan 2024
Mar 2024
Sept 2024
Oct 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Promoter
95.37 %
95.37 %
70.79 %
70.79 %
70.79 %
70.79 %
70.79 %
70.79 %
FIIs
0.00 %
0.00 %
4.05 %
0.00 %
1.98 %
1.21 %
2.35 %
5.46 %
DIIs
0.00 %
0.00 %
7.46 %
3.76 %
8.18 %
6.28 %
6.07 %
6.21 %
Government
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
Public / Retail
0.00 %
0.00 %
15.92 %
15.92 %
15.59 %
18.73 %
18.09 %
15.28 %
Others
4.63 %
4.63 %
1.77 %
9.53 %
3.46 %
3.00 %
2.71 %
2.26 %
No of Share Holders
147
148
87,558
87,558
73,898
85,306
82,769
75,244

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
30 Oct 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
30 Oct 2024 435.65 456.25
27 Jan 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
27 Jan 2025 753.45 809.25
12 May 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
12 May 2025 703.25 774.65
31 Jul 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
31 Jul 2025 842.05 860.05
16 Sept 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
16 Sept 2025 955.30 853.55
04 Nov 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
04 Nov 2025 801.90 803.05

Announcements

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation2 days ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation2 days ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation4 days ago
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptNov 10, 2025
Board Comments On Fine Levied By The ExchangeNov 07, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 06, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 05, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 05, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationNov 05, 2025
Announcement under Regulation 30 (LODR)-Monitoring Agency ReportNov 04, 2025
Outcome Of The Board MeetingNov 04, 2025
Board Meeting Outcome for Outcome Of Board Meeting Pursuant To The Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Nov 04, 2025
Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) RegulationsNov 01, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 31, 2025
Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.Oct 28, 2025
Intimation Of Commencement Of Commercial Production Of Bus AC Division By KRN HVAC Products Pvt. Ltd. Wholly-Owned Subsidiary Of The CompanyOct 15, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 09, 2025
Announcement under Regulation 30 (LODR)-Credit RatingOct 08, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 06, 2025
Announcement under Regulation 30 (LODR)-Memorandum of Understanding /AgreementsOct 06, 2025
Closure of Trading WindowSep 25, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeSep 19, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 16, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 16, 2025
Shareholder Meeting / Postal Ballot-Outcome of AGMSep 16, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeSep 03, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeSep 02, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 28, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 26, 2025
Business Responsibility and Sustainability Reporting (BRSR)Aug 25, 2025
Reg. 34 (1) Annual Report.Aug 25, 2025
Notice Of 8Th Annual General Meeting (AGM) Of The CompanyAug 25, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 23, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementAug 18, 2025
Announcement Under Regulation 30 Of SEBI (LODR) Reg. 2015Aug 18, 2025
Board Meeting Outcome for Outcome Of Board MeetingAug 18, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 05, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 01, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 01, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationJul 31, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 31, 2025
Announcement under Regulation 30 (LODR)-Monitoring Agency ReportJul 31, 2025
Un-Audited Financial Results For The Quarter Ended June 30 2025Jul 31, 2025
Board Meeting Outcome for Outcome Of The Board MeetingJul 31, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 28, 2025
Board Meeting Intimation for Intimation Of Board MeetingJul 26, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 04, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJun 30, 2025
Closure of Trading WindowJun 26, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 24, 2025

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
WhiteOak Capital Special Opportunities Fund Direct - Growth
0.00%
-63950
-0.45%
-0.49%
Bandhan Innovation Fund Direct-Growth
0.78%
19383
-0.02%
0.03%
ITI Focused Fund Direct - Growth
2.56%
6030
-0.20%
-0.06%
Motilal Oswal Nifty Microcap 250 Index Fund Direct - Growth
0.18%
689
-0.02%
0.18%
Groww Nifty Total Market Index Fund Direct - Growth
0.01%
3
0.00%
0.01%
Bandhan Nifty Total Market Index Fund Direct-Growth
0.01%
-1
0.00%
0.01%
Angel One Nifty Total Market Index Fund Direct - Growth
0.01%
1
0.00%
0.01%
Mirae Asset Nifty Total Market Index Fund Direct-Growth
0.01%
1
0.00%
0.01%
Bank of India Midcap Tax Fund Series 1 Direct-Growth
0.00%
0
0.00%
0.00%
WhiteOak Capital Digital Bharat Fund Direct-Growth
0.63%
0
-0.12%
-0.04%
Bank of India Multi Asset Allocation Fund Direct-Growth
0.23%
0
-0.01%
-0.03%
Bank of India Midcap Tax Fund Series 2 Direct-Growth
0.00%
0
0.00%
0.00%
Bandhan Small Cap Fund Direct-Growth
0.00%
0
0.00%
0.00%
WhiteOak Capital Balanced Advantage Fund Direct - Growth
0.26%
0
-0.04%
-0.06%
WhiteOak Capital Balanced Hybrid Fund Direct - Growth
0.20%
0
-0.04%
-0.05%
Bank of India Small Cap Fund Direct-Growth
0.00%
0
0.00%
0.00%
WhiteOak Capital ELSS Tax Saver Fund Direct - Growth
0.55%
0
-0.07%
-0.10%
WhiteOak Capital Equity Savings Fund Direct - Growth
0.09%
0
-0.03%
0.00%
WhiteOak Capital Flexi Cap Fund Direct - Growth
0.43%
0
-0.07%
-0.10%
WhiteOak Capital Mid Cap Fund Direct - Growth
0.38%
0
-0.06%
-0.09%
WhiteOak Capital Multi Asset Allocation Fund Direct - Growth
0.11%
0
-0.02%
-0.05%
WhiteOak Capital Multi Cap Fund Direct - Growth
0.47%
0
-0.08%
-0.13%
Bandhan Aggressive Hybrid Fund Direct-Growth
0.00%
0
0.00%
0.00%

Technical Indicators

RSI(14)
Neutral
52.73
ATR(14)
Less Volatile
28.33
STOCH(9,6)
Neutral
64.95
STOCH RSI(14)
Neutral
77.13
MACD(12,26)
Bullish
6.28
ADX(14)
Weak Trend
18.92
UO(9)
Bearish
53.94
ROC(12)
Uptrend And Accelerating
5.00
WillR(14)
Neutral
-45.31