KRN Heat Exchan

Why is KRN Heat Exchanger and Refrigeration Ltd falling/rising?

As of 19-Jun, KRN Heat Exchanger and Refrigeration Ltd's stock price is rising due to strong debt servicing capabilities, healthy long-term growth, and increased institutional investor participation. Despite valuation concerns, positive performance metrics are contributing to the upward trend in stock price.

As of 19-Jun, KRN Heat Exchanger and Refrigeration Ltd's stock price is rising, currently at 1,232.65, with a change of 12.55 (1.03%) upwards. This upward movement can be attributed to several positive factors. The company has demonstrated a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 1.07 times. Additionally, KRN has shown healthy long-term growth, with net sales increasing at an annual rate of 39.80%. The company reported very positive results for the last five consecutive quarters, with net sales for the first nine months reaching Rs 484.78 crore and a profit after tax of Rs 64.04 crore.<BR><BR>Moreover, there has been an increasing participation by institutional investors, who have raised their stake by 3.95% over the previous quarter, now holding 17.01% of the company. This suggests a growing confidence among more sophisticated investors regarding the company's fundamentals. The stock has also outperformed the sector today by 0.48% and has generated a remarkable return of 52.34% over the past year, significantly higher than the market's return of 1.23%.<BR><BR>Despite some concerns regarding valuation, as indicated by a high PEG ratio of 3 and a very expensive valuation with an enterprise value to capital employed of 11.5, the overall positive performance metrics and institutional interest appear to be driving the stock price higher.

Which are the latest news on KRN Heat Exchan?

What does KRN Heat Exchan do?

KRN Heat Exchanger and Refrigeration Ltd, a small-cap company established in 2017, operates in the industrial products sector, reporting net sales of ₹179 Cr and a net profit of ₹23 Cr for Q1 2026. Key metrics include a P/E ratio of 107, a debt-equity ratio of 0.25, and a return on equity of 13.32%.

Overview:<BR>KRN Heat Exchanger and Refrigeration Ltd operates in the Other Industrial Products industry and is classified as a Small Cap company.<BR><BR>History:<BR>The company was incorporated in 2017 as "KRN Heat Exchanger and Refrigeration Private Limited" in Bhiwadi, Alwar. The latest quarterly results reported net sales and profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 179 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 23 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 8,339 Cr (Small Cap)<BR><BR>Key Metrics:<BR>P/E: 107.00 <BR>Industry P/E: 37 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.25 <BR>Return on Equity: 13.32% <BR>Price to Book: 13.99 <BR><BR>Contact Details:<BR>Registrar Address: Not available. <BR>Phone: N/A <BR>Email: N/A <BR>Website: N/A

How big is KRN Heat Exchan?

As of 10th June, KRN Heat Exchanger and Refrigeration Ltd has a market capitalization of 8,339.00 Cr, with recent net sales of 600.06 Cr and a net profit of 76.46 Cr.

As of 10th June, KRN Heat Exchanger and Refrigeration Ltd has a market capitalization of 8,339.00 Cr, which classifies it as a Small Cap company.<BR><BR>In the latest four quarters, KRN Heat Exchanger reported Net Sales of 600.06 Cr and a Net Profit of 76.46 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 498.63 Cr and Total Assets of 594.81 Cr.

Who are the peers of the KRN Heat Exchan?

KRN Heat Exchan's peers include PTC Industries, Inox India, Esab India, and others. KRN Heat Exchan has a strong capital structure and a 1-year return of 59.93%, outperforming its peers.

Peers: The peers of KRN Heat Exchan are PTC Industries, Inox India, Esab India, Harsha Engg Intl, Kirloskar Indus., Ador Welding, Diffusion Eng, Oriental Rail, Mallcom (India).<BR><BR>Quality Snapshot: Excellent management risk is observed at Inox India and Esab India, while Average management risk is found at PTC Industries, Harsha Engg Intl, Kirloskar Indus., Oriental Rail, and Mallcom (India), and the rest. Good growth is noted at PTC Industries, KRN Heat Exchan, Ador Welding, and the rest, while Below Average growth is seen at Inox India, Harsha Engg Intl, Diffusion Eng, and Mallcom (India). Excellent capital structure is present at Inox India, Esab India, KRN Heat Exchan, Ador Welding, Diffusion Eng, and Mallcom (India), while Good capital structure is noted at PTC Industries and Kirloskar Indus., and Average capital structure is found at Harsha Engg Intl and Oriental Rail.<BR><BR>Return Snapshot: Inox India has the highest 1-year return at 50.29%, while Kirloskar Indus. has the lowest at -19.74%, with KRN Heat Exchan's 1-year return of 59.93% being significantly higher than both. Additionally, Kirloskar Indus. and Mallcom (India) have negative six-month returns.

Are KRN Heat Exchanger and Refrigeration Ltd latest results good or bad?

KRN Heat Exchanger and Refrigeration Ltd's latest Q4 FY26 results are positive, with a net profit of ₹23.36 crores (up 57.09% year-on-year) and revenue growth of 36.49%. However, investors should be cautious due to the high P/E ratio of 95.11, indicating that future growth may already be priced in.

KRN Heat Exchanger and Refrigeration Ltd's latest results for Q4 FY26 can be considered quite positive overall. The company reported a net profit of ₹23.36 crores, which represents a significant year-on-year increase of 57.09%. Additionally, revenue growth was robust at 36.49% compared to the same quarter last year, with net sales reaching ₹179.48 crores, marking a sequential increase of 17.13% from the previous quarter.<BR><BR>The operating margin stood at a healthy 18.69%, reflecting strong profitability despite some inflationary pressures. Moreover, the company's return on equity (ROE) was 11.17%, indicating reasonable capital efficiency, although there is room for improvement compared to industry peers.<BR><BR>Overall, KRN Heat Exchanger's financial performance highlights a strong demand in its market segments, effective operational management, and a solid growth trajectory, making the latest results favorable. However, investors should remain cautious about the company's high valuation metrics, as the stock trades at a P/E ratio of 95.11, which suggests that future growth expectations are already priced in.

Should I buy, sell or hold KRN Heat Exchanger and Refrigeration Ltd?

When is the next results date for KRN Heat Exchanger and Refrigeration Ltd?

KRN Heat Exchanger and Refrigeration Ltd will announce its results on 06 February 2026.

KRN Heat Exchanger and Refrigeration Ltd is scheduled to declare its results on 06 February 2026.

Is KRN Heat Exchan technically bullish or bearish?

As of December 4, 2025, KRN Heat Exchan is in a bearish trend, indicated by a bearish MACD, Bollinger Bands, and moving averages, along with a 5.22% decline over the past week.

As of 4 December 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance for KRN Heat Exchan is bearish with a strong indication of weakness. Key indicators driving this stance include a bearish MACD on the weekly timeframe, bearish signals from Bollinger Bands on the weekly chart, and bearish moving averages on the daily chart. Additionally, the Dow Theory indicates a mildly bearish trend on both weekly and monthly timeframes. The stock has also experienced a significant decline of 5.22% over the past week, further confirming the bearish sentiment.

How has been the historical performance of KRN Heat Exchan?

KRN Heat Exchan experienced significant growth from March 2024 to March 2025, with net sales increasing to 429.85 Cr from 308.28 Cr, and profit after tax rising to 52.88 Cr from 39.39 Cr, alongside a substantial increase in total assets to 594.81 Cr. Operating profit margin decreased slightly to 16.4%, while cash flow from operating activities improved to 21.00 Cr.

Answer:<BR>The historical performance of KRN Heat Exchan shows significant growth in various financial metrics from March 2024 to March 2025.<BR><BR>Breakdown:<BR>KRN Heat Exchan reported net sales of 429.85 Cr in March 2025, up from 308.28 Cr in March 2024, indicating a strong revenue increase. Total operating income mirrored this growth, reaching 429.85 Cr, while total expenditure also rose to 359.34 Cr from 249.83 Cr. The operating profit (PBDIT) increased to 82.37 Cr from 63.91 Cr, reflecting an operating profit margin of 16.4%, down from 18.96%. Profit before tax rose to 74.32 Cr, leading to a profit after tax of 52.88 Cr, compared to 39.39 Cr the previous year. The company's total assets grew significantly to 594.81 Cr from 257.42 Cr, with total liabilities also increasing to 594.81 Cr. Cash flow from operating activities improved to 21.00 Cr from 16.00 Cr, while cash flow from investing activities saw a larger outflow of 279.00 Cr compared to 64.00 Cr. Overall, KRN Heat Exchan demonstrated robust growth in sales and profits, alongside a substantial increase in total assets.

Is KRN Heat Exchan overvalued or undervalued?

As of October 8, 2024, KRN Heat Exchan is considered overvalued with a PE ratio of 93.48, significantly higher than its peers, and modest return metrics, despite a positive year-to-date return of 8.78%.

As of 8 October 2024, KRN Heat Exchan has moved from a grade of "does not qualify" to "very expensive." The company is currently overvalued, with a PE ratio of 93.48, a Price to Book Value of 9.45, and an EV to EBITDA ratio of 66.04. In comparison, peers such as Thermax Ltd. and BEML Ltd. have PE ratios of 66.31 and 62.34, respectively, indicating that KRN Heat Exchan's valuation is significantly higher than its industry counterparts.<BR><BR>The company's return metrics also reflect its overvaluation, with a ROCE of 13.58% and an ROE of 10.11%, which are relatively modest given the high valuation ratios. Additionally, KRN Heat Exchan's stock has underperformed the Sensex over the past week and month, although it has shown a positive year-to-date return of 8.78% compared to the Sensex's 5.54%. Overall, the valuation metrics and peer comparisons strongly suggest that KRN Heat Exchan is overvalued in the current market.

Who are the top shareholders of the KRN Heat Exchan?

The top shareholders of KRN Heat Exchan include Anju Devi with 38.13%, mutual funds at 2.17%, foreign institutional investors at 1.21%, and Holani Venture Capital Fund-i at 1.61%. Individual investors collectively own 18.73%, with no pledged promoter holdings.

The top shareholders of KRN Heat Exchan include the promoters, with Anju Devi holding the highest stake at 38.13%. There are no pledged promoter holdings. Additionally, mutual funds hold a combined 2.17% through four schemes, while foreign institutional investors (FIIs) account for 1.21% through 13 different FIIs. The highest public shareholder is Holani Venture Capital Fund-i, which holds 1.61%. Individual investors collectively own 18.73% of the company.

Has KRN Heat Exchan declared dividend?

No Dividend History Available