About
KRN Heat Exchanger and Refrigeration Limited manufactures and sells heat exchangers, evaporators, and condensers to original equipment manufacturers in the heat, ventilation, air conditioning, and refrigeration industries. It offers condenser coils, evaporator units and coils, header/copper parts, fluid and steam coils, condensing and air-cooling units, sheet metal parts, aluminum/copper fins and copper tubes, bar and plate, and other components. The company operates in India, the rest of Asia, Europe, North America, South America, and Oceania. The company was incorporated in 2017 and is based in Neemrana, India.
Key Metrics
as of Sep 2026Market Cap10,336 Cr
P/E107.00
Div Yield0.00 %
Book Value₹92.40
52w High₹1,668.00
52w Low₹590.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 182.00 | 202.00 | 136.00 | 223.00 | 114.00 | 131.00 | 104.00 | 99.00 | 97.00 | 82.00 | 66.00 | 71.00 |
| Expenses | 157.00 | 184.00 | 119.00 | 194.00 | 95.00 | 111.00 | 88.00 | 81.00 | 80.00 | 64.00 | 54.00 | 58.00 |
| Operating Profit | 25.00 | 18.00 | 17.00 | 30.00 | 20.00 | 20.00 | 16.00 | 18.00 | 17.00 | 18.00 | 12.00 | 13.00 |
| OPM % | 14.00 | 9.00 | 13.00 | 13.00 | 17.00 | 15.00 | 16.00 | 18.00 | 18.00 | 22.00 | 18.00 | 19.00 |
| Other Income | 2.00 | 3.00 | 5.00 | 4.00 | 3.00 | 1.00 | 3.00 | 2.00 | 1.00 | 2.00 | 1.00 | 1.00 |
| Depreciation | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Interest | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Profit before tax | 25.00 | 19.00 | 20.00 | 32.00 | 21.00 | 20.00 | 18.00 | 17.00 | 16.00 | 18.00 | 11.00 | 12.00 |
| Tax % | 25.00 | 10.00 | 25.00 | 25.00 | 25.00 | 30.00 | 30.00 | 29.00 | 29.00 | 30.00 | 29.00 | 29.00 |
| Net Profit | 19.00 | 17.00 | 15.00 | 24.00 | 16.00 | 14.00 | 13.00 | 12.00 | 12.00 | 12.00 | 8.00 | 9.00 |
| EPS in Rs | 2.85 | 2.71 | 2.43 | 3.81 | 2.52 | 2.21 | 2.04 | 1.95 | 2.52 | 2.69 | 1.71 | 1.96 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Sales | 676.00 | 431.00 | 307.00 | 246.00 | 156.00 | 76.00 |
| Expenses | 591.00 | 360.00 | 248.00 | 197.00 | 139.00 | 70.00 |
| Operating Profit | 85.00 | 71.00 | 59.00 | 49.00 | 17.00 | 5.00 |
| OPM % | 13.00 | 16.00 | 19.00 | 20.00 | 11.00 | 7.00 |
| Other Income | 14.00 | 7.00 | 5.00 | 2.00 | 2.00 | 1.00 |
| Interest | 4.00 | 3.00 | 4.00 | 3.00 | 2.00 | 1.00 |
| Depreciation | 3.00 | 4.00 | 4.00 | 3.00 | 3.00 | 2.00 |
| Profit before tax | 92.00 | 71.00 | 56.00 | 46.00 | 15.00 | 3.00 |
| Tax % | 22.00 | 30.00 | 29.00 | 29.00 | 29.00 | 27.00 |
| Net Profit | 71.00 | 50.00 | 40.00 | 32.00 | 11.00 | 2.00 |
| EPS in Rs | 11.47 | 8.07 | 8.64 | 7.34 | 24.07 | 5.61 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Equity Capital | 62.00 | 62.00 | 46.00 | 44.00 | 4.00 | 4.00 |
| Reserves | 505.00 | 434.00 | 85.00 | 16.00 | 21.00 | 9.00 |
| Borrowings | 91.00 | 33.00 | 60.00 | 37.00 | 22.00 | 17.00 |
| Other Liabilities | 65.00 | 60.00 | 39.00 | 53.00 | 45.00 | 23.00 |
| Total Liabilities | 723.00 | 590.00 | 230.00 | 149.00 | 93.00 | 52.00 |
| Fixed Assets | 23.00 | 26.00 | 27.00 | 32.00 | 21.00 | 21.00 |
| CWIP | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Investments | 351.00 | 251.00 | 5.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 349.00 | 313.00 | 197.00 | 117.00 | 71.00 | 31.00 |
| Total Assets | 723.00 | 590.00 | 230.00 | 149.00 | 93.00 | 52.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 14.00 | 19.00 | -9.00 | 5.00 | 4.00 | -1.00 |
| Cash from Investing Activity | -95.00 | -272.00 | -1.00 | -14.00 | -3.00 | -13.00 |
| Cash from Financing Activity | 83.00 | 244.00 | 14.00 | 11.00 | 3.00 | 9.00 |
| Net Cash Flow | 1.00 | -9.00 | 3.00 | 2.00 | 5.00 | -5.00 |
| Free Cash Flow | 14.00 | 17.00 | -9.00 | -9.00 | 2.00 | -14.00 |
| CFO/OP % | 39.00 | 56.00 | 9.00 | 37.00 | 52.00 | -10.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Debtor Days | 102.00 | 79.00 | 62.00 | 57.00 | 70.00 | 84.00 |
| Inventory Days | 49.00 | 108.00 | 139.00 | 114.00 | 63.00 | 33.00 |
| Days Payable | 39.00 | 60.00 | 59.00 | 102.00 | 120.00 | 129.00 |
| Cash Conversion Cycle | 112.00 | 127.00 | 142.00 | 69.00 | 14.00 | -11.00 |
| Working Capital Days | 86.00 | 159.00 | 108.00 | 42.00 | 3.00 | -17.00 |
| ROCE % | 16.00 | 21.00 | 42.00 | 67.00 | 42.00 | — |
Corporate Actions
No corporate actions recorded.
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
-
Rating update4 Jun from crisil
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Rating update30 Sep 2025 from crisil