Why is KRN Heat Exchanger and Refrigeration Ltd ?
1
Strong ability to service debt as the company has a low Debt to EBITDA ratio of 1.07 times
2
Healthy long term growth as Net Sales has grown by an annual rate of 39.80%
3
With a growth in Operating Profit of 46.22%, the company declared Very Positive results in Jun 26
- The company has declared positive results for the last 6 consecutive quarters
- NET SALES(Q) Highest at Rs 252.32 cr
- PBDIT(Q) Highest at Rs 49.07 cr.
- PAT(Q) Highest at Rs 32.90 cr.
4
Market Beating Performance
- Even though the market (BSE500) has generated negative returns of -3.53% in the last 1 year, the stock has been able to generate 66.39% returns
How much should you buy?
- Overall Portfolio exposure to KRN Heat Exchan should be less than 10%
- Overall Portfolio exposure to Other Industrial Products should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Other Industrial Products)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is KRN Heat Exchan for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
KRN Heat Exchan
66.39%
1.37
48.57%
Sensex
-10.5%
-0.78
13.50%
Quality key factors
Factor
Value
Sales Growth (5y)
39.80%
EBIT Growth (5y)
21.01%
EBIT to Interest (avg)
16.35
Debt to EBITDA (avg)
0.70
Net Debt to Equity (avg)
0.25
Sales to Capital Employed (avg)
0.96
Tax Ratio
20.54%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
17.19%
ROCE (avg)
19.72%
ROE (avg)
11.96%
Valuation Key Factors 
Factor
Value
P/E Ratio
98
Industry P/E
42
Price to Book Value
16.56
EV to EBIT
79.79
EV to EBITDA
67.01
EV to Capital Employed
13.49
EV to Sales
13.09
PEG Ratio
2.80
Dividend Yield
NA
ROCE (Latest)
13.11%
ROE (Latest)
13.32%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Bullish
RSI
No Signal
Bearish
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Dow Theory
Bullish
Bullish
OBV
Mildly Bearish
No Trend
Technical Movement
31What is working for the Company
NET SALES(Q)
Highest at Rs 252.32 cr
PBDIT(Q)
Highest at Rs 49.07 cr.
PAT(Q)
Highest at Rs 32.90 cr.
PBT LESS OI(Q)
Highest at Rs 39.55 cr.
EPS(Q)
Highest at Rs 5.03
-9What is not working for the Company
INTEREST(Q)
Highest at Rs 3.04 cr
Loading Valuation Snapshot...
Here's what is working for KRN Heat Exchan
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 39.55 cr has Grown at 80.2% (vs previous 4Q average)
over average PBT of the previous four quarters of Rs 21.95 CrMOJO Watch
Near term PBT trend is very positive
PBT less Other Income (Rs Cr)
Net Sales - Quarterly
Highest at Rs 252.32 cr and Grown
each quarter in the last five quartersMOJO Watch
Near term sales trend is very positive
Net Sales (Rs Cr)
Net Sales - Quarterly
At Rs 252.32 cr has Grown at 68.2% (vs previous 4Q average)
over average Net Sales of the previous four quarters of Rs 150.02 CrMOJO Watch
Near term sales trend is very positive
Net Sales (Rs Cr)
Operating Profit (PBDIT) - Quarterly
Highest at Rs 49.07 cr. and Grown
each quarter in the last five quartersMOJO Watch
Near term Operating Profit trend is quite positive
Operating Profit (Rs Cr)
Profit After Tax (PAT) - Quarterly
Highest at Rs 32.90 cr. and Grown
each quarter in the last five quartersMOJO Watch
Near term PAT trend is very positive
PAT (Rs Cr)
Profit After Tax (PAT) - Quarterly
At Rs 32.90 cr has Grown at 72.1% (vs previous 4Q average)
over average PAT of the previous four quarters of Rs 19.12 CrMOJO Watch
Near term PAT trend is very positive
PAT (Rs Cr)
Profit Before Tax less Other Income (PBT) - Quarterly
Highest at Rs 39.55 cr.
in the last five quartersMOJO Watch
Near term PBT trend is positive
PBT less Other Income (Rs Cr)
Earnings per Share (EPS) - Quarterly
Highest at Rs 5.03
in the last five quartersMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (Rs)
Here's what is not working for KRN Heat Exchan
Interest - Quarterly
Highest at Rs 3.04 cr
in the last five quarters and Increased by 15.15 % (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (Rs cr)






