KRN Heat Exchanger and Refrigeration Limited

NSE: KRN · Capital Goods

₹939.80-4.99%06 Nov 2026

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Instant answers about KRN Heat Exchanger and Refrigeration Limited — computed from its filings, no language model

Market cap₹6,152 cr

Current price₹939.80

High / Low₹1,660 / ₹598

P/E53.5

P/B6.25

Book value₹150.4

ROE11.7%

ROCE13.3%

Debt / equity0.16

Dividend yield—

EPS (TTM)₹17.57

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY25	FY26
Revenue	429.9	600.1
EBITDA	70.5	112.5
Operating margin	16.4%	18.7%
Interest	3.4	5.9
Depreciation	4.6	18.8
Profit before tax	74.3	98.0
Tax	21.4	21.5
Net profit	0.0	76.5
EPS ₹	0.00	12.30
Operating cash flow	24.7	-113.8
Capex	8.3	247.5
Dividend paid	0.0	0.0
Total assets	595.1	931.8
Equity	498.6	574.0

Quarterly performance

last 9 quarters · ₹ crore

showing latest 8 of 9 periods

	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	91.1	111.5	131.5	115.3	152.1	153.2	179.5	252.3	319.1
Operating profit	18.1	15.8	18.9	17.6	30.3	31.1	33.5	49.1	48.8
Operating margin	19.9%	14.2%	14.4%	15.3%	19.9%	20.3%	18.7%	19.4%	15.3%
Other income	1.4	4.9	4.3	3.6	2.4	1.9	1.9	2.8	7.5
Interest	1.1	0.4	0.9	0.7	0.9	1.7	2.6	3.0	3.0
Depreciation	1.1	1.2	1.2	2.2	4.8	5.8	6.0	6.5	7.3
Profit before tax	17.3	19.1	21.1	18.3	26.9	25.9	26.9	42.3	45.9
Tax	5.0	5.4	6.2	5.9	8.9	3.2	3.5	9.4	9.8
Net profit	0.0	0.0	0.0	0.0	18.0	22.7	23.4	32.9	36.1
EPS ₹	0.00	2.12	0.00	2.00	2.90	3.65	3.75	5.20	5.52
Revenue YoY	—	—	—	—	66.9%	37.5%	36.5%	118.9%	109.9%
Profit YoY	—	—	—	—	—	—	—	—	100.4%

Returns & margins

trailing-twelve-month, per quarter

	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	0.0%	3.4%	7.7%	11.2%	16.9%	11.7%
ROCE	14.8%	15.8%	17.2%	13.6%	17.1%	13.3%
Net margin	0.0%	3.5%	7.4%	10.7%	13.2%	12.7%
EBITDA margin	15.7%	16.2%	17.7%	18.7%	19.5%	18.0%
Debt / equity	0.07	0.06	0.06	0.33	0.33	0.16
Interest coverage	25.47	30.89	23.06	17.60	15.80	14.51
Asset turnover	0.76	0.70	0.76	0.64	0.79	0.66

Balance sheet

equity vs borrowings over time · ₹ crore

	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	62.2	62.2	62.2	62.2	65.5
Other equity / reserves	438.1	436.5	466.3	511.8	918.8
Total equity	500.3	498.6	528.5	574.0	984.3
Borrowings	63.9	33.5	30.5	187.3	153.2
Current liabilities	114.7	94.0	197.4	355.6	389.3
Non-current liabilities	16.4	2.4	2.9	2.2	6.3
Total assets	631.4	595.1	728.8	931.8	1,379.8
Property, plant & equipment	51.4	85.2	283.3	313.8	328.9
Capital work-in-progress	28.4	82.3	11.2	33.3	37.9
Investments	0.0	0.0	1.9	1.5	35.4
Inventories	75.2	95.8	189.8	272.9	379.5
Receivables	69.4	93.0	93.1	174.7	308.9
Cash & equivalents	349.6	10.3	9.6	10.0	141.3

Cash flow

annual · ₹ crore · line = free cash flow

	FY25	FY26
Cash from operations	24.7	-113.8
Cash from investing	-278.7	-34.2
Cash from financing	257.8	147.7
Capex	8.3	247.5
Free cash flow	16.4	-361.3
Dividends paid	0.0	0.0

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹328.9 cr24%

CWIP

₹37.9 cr3%

Investments

₹35.4 cr3%

Inventories

₹379.5 cr28%

Receivables

₹308.9 cr22%

Cash & equivalents

₹141.3 cr10%

Other assets

₹147.8 cr11%

Peer comparison

largest in Capital Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Aeronautics Ltd.	3,33,052	4,980.00	35.7	8.12	22.7%
Bharat Electronics Ltd.	2,89,468	396.00	45.2	11.02	24.4%
Tata Motors Ltd.	1,56,797	425.50	24.8	10.26	41.3%
Bharat Heavy Electricals Ltd.	1,45,828	418.80	50.7	5.45	10.8%
ABB India Ltd.	1,43,541	6,774.00	55.7	15.37	27.6%
Siemens Ltd.	1,26,736	3,560.00	28.2	8.02	28.4%
Hitachi Energy India Ltd.	1,23,988	27,800.00	107.8	23.95	22.2%
CG Power and Industrial Solutions Ltd.	1,21,786	773.00	89.1	13.94	15.6%
Polycab India Ltd.	1,18,610	7,871.00	37.6	9.06	24.1%
Cummins India Ltd.	1,12,233	4,048.80	49.8	13.52	27.1%
KRN Heat Exchanger and Refrigeration Limited	6,152	939.80	53.5	6.25	11.7%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-36.7%

6 months-29.3%

1 year+17.6%

3Y CAGR—

5Y CAGR—

10Y CAGR—

50-day avg₹1,352.65

200-day avg₹1,145.44

RSI (14)34

FAQs

What is the share price of KRN Heat Exchanger and Refrigeration Limited?

KRN Heat Exchanger and Refrigeration Limited (KRN) closed at ₹939.80 on NSE on 06 Nov 2026.

What is the market cap of KRN Heat Exchanger and Refrigeration Limited?

₹6,152 crore at the latest close.

What is the P/E ratio of KRN Heat Exchanger and Refrigeration Limited?

53.5, on trailing-twelve-month earnings from its filings.

How fast is KRN Heat Exchanger and Refrigeration Limited growing?

KRN Heat Exchanger and Refrigeration Limited: Latest-quarter revenue is up 109.9% year on year, profit up 100.4%.

How profitable is KRN Heat Exchanger and Refrigeration Limited?

On a trailing-twelve-month basis return on equity is 11.7%, return on capital employed 13.3%, operating margin 18.0%, net margin 12.7%.

How much debt does KRN Heat Exchanger and Refrigeration Limited have?

KRN Heat Exchanger and Refrigeration Limited is lightly geared: debt to equity is 0.16 with borrowings of ₹153 cr against cash of ₹141 cr (balance sheet of 2026-09-30). Operating profit covers interest 14.5 times.

Financials parsed from KRN Heat Exchanger and Refrigeration Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '24, annual from FY25, balance sheet from Sep '24. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.