KRN · KRN Heat Exchanger and Refrigeration Ltd · Misc. Capital Goods
KRN · KRN Heat Exchanger and Refrigeration Ltd · Misc. Capital Goods
As of 05 Nov close
52-week range
40.7% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹252 Cr
Revenue YoY
PAT YoY
+164.9%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
17.4
P/S (TTM)
14.2
Sector P/E
Not available from data source
Dividend yield
0.0%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| KRN (this stock) | 80.7 | 17.4 | +13.2% | +16.9% | 0.33 | 0.0% |
| Bharat Heavy Electricals | 92.4 | 5.6 | +6.8% | Not available from data source | 0.64 | +0.3% |
| Suzlon Energy | 25.9 | 6.9 | +18.0% | +33.2% | 0.06 | 0.0% |
| Thermax | 97.9 | 8 | +5.5% | +10.7% | 0.42 | +0.4% |
Promoter
falling 2q
FII
rising 3q
MF
3.13% (-0.32pp)
falling 1q
Insider trades
| Date | Insider | Type | Qty | Value |
|---|---|---|---|---|
| 09 Jun 2026 | Santosh Kumar Yadav | SELL | 5,00,000 | ₹55.85 Cr |
| 09 Jun 2026 | Anju Devi | SELL | 5,00,000 | ₹55.87 Cr |
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: The investor presentation for KRN Heat Exchanger and Refrigeration Limited for Q2 and H1 FY27 outlines the company's financial performance, business segments, and strategic outlook. Management reported significant growth in revenue and profit, with both metrics more than doubling year-on-year. Revenue from operations reached ₹571.45 crore for H1 FY27, up from ₹267.35 crore in H1 FY26. EBITDA and PAT also saw substantial increases, with EBITDA reaching ₹97.81 crore and PAT at ₹69.01 crore. The company highlighted strong international growth, with exports now comprising a larger portion of its business, particularly in North America and Europe. New customers in the data center segment and expansion into bus air conditioning are noted as growth areas. The presentation also details the company's product portfolio, global presence, and certifications. Management emphasized confidence in future growth, citing increasing demand in HVAC, refrigeration, and industrial cooling sectors. The balance sheet shows increased assets and equity, with a focus on expanding manufacturing capacity and customer base.
The presentation highlights strong financial growth, international expansion, and confidence in future opportunities, indicating a positive tone.
Sourced from an exchange-filed presentation, dated 30 Oct 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: KRN Heat Exchanger and Refrigeration Limited provided an investor presentation detailing its performance for Q1 FY27. Management reported a consolidated revenue growth of 119% year-on-year, driven by strong demand for HVAC&R solutions. Export revenue surged by 177%, with products reaching 14 countries, indicating growing international acceptance. The company highlighted its focus on expanding manufacturing capabilities and enhancing its presence in high-potential markets. Key financial highlights included a standalone revenue from operations of ₹181.97 crore and a consolidated revenue of ₹252.32 crore. The presentation also outlined the company's diverse product portfolio, state-of-the-art facilities, and commitment to quality and innovation. Management emphasized the importance of operational excellence and customer satisfaction in driving future growth.
Management emphasized strong growth and positive market demand.
Sourced from an exchange-filed presentation, dated 13 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: KRN Heat Exchanger and Refrigeration Limited held its Q4 & FY26 earnings conference call on May 15, 2026, where management highlighted significant growth in total income, which rose by 57.36% year-on-year to Rs.689.95 crores for FY26. EBITDA increased by 19.41% to Rs.84.79 crores, and net profit grew by 42.11% to Rs.71.31 crores. The company reported a diversified business model, with progress in exports, particularly in the UAE and U.S. markets. Management noted the successful ramp-up of a new HVAC facility, contributing positively to business momentum. They also discussed entering the Bus AC segment and the ongoing development of new products for data centers. The management expressed confidence in capturing future opportunities while addressing challenges related to raw material costs and inventory levels. The call concluded with management encouraging further inquiries from investors.
Management emphasized strong growth and positive business developments.
Sourced from an exchange-filed transcript, dated 20 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: KRN Heat Exchanger and Refrigeration Limited's investor presentation detailed the company's financial performance for the fiscal year ending March 31, 2026. The presentation reported a consolidated revenue of ₹609.81 crore, reflecting a 38.06% year-over-year growth. EBITDA increased by 59.52% to ₹112.48 crore, with an EBITDA margin of 18.74%. The net profit for the year was ₹76.47 crore, a 44.62% increase compared to the previous year. The company highlighted its operational efficiency and the successful ramp-up of its new HVAC manufacturing facility, which began contributing to revenue in Q2 FY26. KRN also noted its expanding export presence, with revenues from international markets reaching approximately ₹99 crore. The management emphasized the importance of diversifying its customer base and enhancing product offerings to support future growth.
The presentation highlighted strong financial growth and operational improvements.
Sourced from an exchange-filed presentation, dated 15 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: KRN Heat Exchanger and Refrigeration Limited informed BSE Ltd and the National Stock Exchange of India about scheduled meetings with investors and analysts. The meetings are set for February 20, 2026, with Dhamma Capital from 4:30 PM to 5:30 PM IST and Wasatch Global-USA from 8:30 PM to 9:30 PM IST, both conducted virtually. The company noted that the schedule is subject to change due to unforeseen circumstances. Management stated that no unpublished price sensitive information would be discussed during these interactions.
The document presented factual information regarding scheduled meetings without emphasizing growth or challenges.
Sourced from an exchange-filed presentation, dated 16 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: KRN Heat Exchanger and Refrigeration Limited held its Q3 and 9M FY '26 earnings conference call on February 9, 2026, where management reported strong financial performance. Total income for the first nine months grew by approximately 58% year-on-year to INR485 crores, with EBITDA increasing by 32% to INR67 crores and net profit rising by nearly 49% to INR54 crores. The third quarter saw consolidated total income grow by about 33% year-on-year to INR155 crores, with EBITDA nearly doubling to INR31 crores and net profit increasing by 65% to INR23 crores. Management highlighted strong demand across domestic and export markets, particularly in the HVAC and refrigeration sectors, and noted a stable order pipeline. They also discussed the ramp-up of a new facility and the introduction of new products, including bus air conditioning systems. Management expressed confidence in the company's growth trajectory and operational efficiency.
Management emphasized strong financial performance and growth opportunities.
Sourced from an exchange-filed transcript, dated 12 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: KRN Heat Exchanger and Refrigeration Limited's investor presentation detailed the company's financial performance for the quarter and nine months ended December 31, 2025. The standalone total income increased by 31.35% year-over-year to ₹140.67 crore, with net profit rising by 18.93% to ₹15.09 crore. The EBITDA margin decreased to 12.77%, while the consolidated total income grew by 33.29% to ₹155.09 crore, and net profit surged by 65.09% to ₹22.66 crore. Management highlighted steady progress in core business operations, driven by strong demand from domestic and export markets. They emphasized a focus on building customer relationships and operational efficiency. The presentation also outlined the company's strategic direction, including plans for product innovation and market expansion, while acknowledging potential risks such as supply chain disruptions and competition. Overall, KRN aims to strengthen its position in the HVAC market.
Management emphasized steady progress and strong demand in their core business.
Sourced from an exchange-filed presentation, dated 07 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedKRN Heat Exchanger and Refrigeration Limited's FY2025-26 annual report emphasizes strategic themes of expansion, transformation, and sustainable growth. The company highlights its shift from a domestic manufacturer to a global thermal engineering platform, driven by capacity expansion, technological innovation, and enhanced governance. Sustainability and corporate responsibility are central, with efforts in environmental stewardship and community engagement. The report also outlines risks related to geopolitical tensions, supply chain disruptions, and customer concentration.
- Expansion of manufacturing capacity and global market presence
- Transition from a domestic supplier to a global technology and quality leader
- Commitment to sustainability and environmental stewardship
- Robust corporate governance and independent board oversight
- Focus on product innovation and emerging technologies like microchannel heat exchangers
Key takeaway: KRN is positioning itself as a global thermal engineering leader through strategic expansion, technological innovation, and strong governance, while emphasizing sustainability and risk mitigation.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
1 occurrenceRecent (last 12 months)
The company was fined ₹82,000 each by BSE Limited and National Stock Exchange of India Limited for a 41-day delay in constituting the Risk Management Committee as required by Regulation 21(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The penalties were paid on November 6, 2025.
Routine disclosures
Contingent Liability
1 occurrenceRecent (last 12 months)
KRN Heat Exchanger and Refrigeration Limited has contingent liabilities including bank guarantees, letters of credit, and tax-related obligations under direct and indirect tax, as well as EPCG/Advance Authorisation Import Duty benefits received from DGFT that are not considered liabilities until export obligations are fulfilled.
Related-Party Transaction
1 occurrenceEarlier (1-3 years ago)
The company has entered into transactions with related parties in compliance with Sections 177 and 188 of the Act, and details of such transactions have been disclosed.
Statutory dues in dispute
1 occurrenceEarlier (1-3 years ago)
The company has not deposited certain statutory dues as of 31st March 2025 due to disputes, with details provided for Income Tax Act, 1961 and Goods and Services Tax.