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KRN Heat Exchanger And Refrigeration Ltd.

Capital GoodsEngineering - Industrial Equipments

www.krnheatexchanger.com BSE: 544263NSE: KRN

₹1,440.20BSE3.22%

16 Sep, 4:01 PM

₹1,440.20

₹9.43K Cr

97.25

9.85

14.26%

₹1,511.65

₹1,440.20

₹1,676.25

₹589.75

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Price Performance

Peer Comparison

Name
BHEL BHEL	410.00	58.69	1,42,764.60	0.34	376.71	182.70%	7,697.72	40.29%	9.24
INDOMIM INDOMIM	945.85	87.66	46,770.48	0.62	240.12	31.64%	1,218.74	9.39%	24.48
THERMAX THERMAX	3,526.00	71.06	42,014.51	0.57	21.79	-85.61%	2,302.73	6.73%	15.85
JYOTICNC JYOTICNC	967.05	68.36	21,992.95	0.00	57.14	-19.99%	508.47	23.97%	21.34
INOXINDIA INOXINDIA	1,980.00	70.64	18,002.65	0.10	58.07	-4.98%	370.79	9.18%	33.54
TRIVENITURB TRITURBINE	540.90	51.11	17,195.13	0.79	51.10	-20.65%	442.70	19.23%	35.95
AZAD AZAD	2,578.80	119.83	16,654.34	0.00	35.16	19.46%	172.60	25.90%	12.04
KRN Heat Exchanger And Refrigeration Ltd. KRN	1,440.20	97.25	9,427.33	0.00	32.90	164.84%	252.32	118.87%	16.06

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	82.00	95.79	91.10	111.47	131.50	115.28	152.07	153.23	179.48	252.32
Expenses	64.42	78.09	72.99	95.66	112.61	97.69	121.81	122.15	145.93	203.26
	17.58	17.70	18.11	15.81	18.89	17.60	30.26	31.08	33.55	49.06
	21.43%	18.48%	19.88%	14.18%	14.37%	15.26%	19.90%	20.28%	18.69%	19.44%
	1.69	1.19	1.44	4.89	4.33	3.58	2.39	2.26	1.92	2.78
Interest	1.01	1.01	1.10	0.38	0.92	0.70	0.86	1.70	2.64	3.04
	0.96	1.12	1.15	1.19	1.18	2.19	4.85	5.76	5.97	6.47
	17.30	16.76	17.30	19.14	21.12	18.29	26.94	25.87	26.85	42.33
	30.36%	28.58%	28.85%	28.27%	29.60%	32.08%	33.12%	12.41%	12.99%	22.29%
	12.05	11.97	12.31	13.73	14.87	12.42	18.02	22.66	23.36	32.90
	2.61	2.59	1.98	2.21	2.39	2.00	2.90	3.65	3.76	5.03

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00
INCOME :
	308.28	429.85	600.06
	308.28	429.85	600.06
EXPENDITURE :
Increase/Decrease in Stock	-4.58	-0.21	-42.99
Raw Material Consumed	226.83	319.15	454.78
Power & Fuel Cost	0.93	0.98	3.87
Employee Cost	12.20	20.04	40.06
Other Manufacturing Expenses	4.85	8.43	9.79
General and Administration Expenses	4.04	5.19	11.22
Selling and Distribution Expenses	4.59	4.69	7.02
Miscellaneous Expenses	0.97	1.07	3.83
	249.83	359.34	487.58
Operating Profit (Excl OI)	58.45	70.51	112.48
	5.46	11.86	9.75
	63.91	82.37	122.22
Interest	3.99	3.41	5.90
PBDT	59.92	78.95	116.32
	3.99	4.63	18.76
Profit Before Taxation & Exceptional Items	55.93	74.32	97.56
Exceptional Income / Expenses			0.40
	55.93	74.32	97.96
Provision for Tax	16.54	21.45	21.49
	39.39	52.88	76.47
Extra items		0.00	0.00
Consolidated Net Profit	39.39	52.88	76.47
Profit Balance B/F	7.69	47.08	99.95
Appropriations	47.08	99.95	176.41
	8.54	8.51	12.30
Adjusted EPS	8.54	8.51	12.30

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	46.14	62.16	62.16
Total Reserves	84.15	436.48	511.84
Reserve excluding Revaluation Reserve	84.15	436.48	511.84
	130.28	498.63	573.99
Minority Interest	0.00
Secured Loans	7.97	1.43	0.21
Unsecured Loans	0.00
Deferred Tax Assets / Liabilities	0.13	-0.31	0.42
Other Long Term Liabilities	16.36
Long Term Provisions	0.69	1.01	1.60
Total Non-Current Liabilities	25.15	2.13	2.24
Trade Payables	36.60	55.32	158.23
Other Current Liabilities	15.31	4.60	5.02
Short Term Borrowings	48.43	30.81	185.89
Short Term Provisions	1.65	3.32	6.44
Total Current Liabilities	101.99	94.05	355.58
Total Liabilities	257.42	594.81	931.82
Gross Block	94.78	102.91	350.26
Less: Accumulated Depreciation	13.08	17.71	36.42
Net Block	81.70	85.20	313.83
Capital Work in Progress	4.45	82.27	33.34
Long Term Loans & Advances	0.81	1.11	1.51
Other Non Current Assets	0.68	0.68
Total Non-Current Assets	87.64	169.27	348.69
Inventories	84.41	95.85	272.91
Sundry Debtors	52.44	92.96	174.71
Cash and Bank	16.00	151.16	46.44
Other Current Assets	5.17	5.26	2.35
Short Term Loans and Advances	11.77	80.30	86.72
Total Current Assets	169.78	425.54	583.13
Net Current Assets (Including Current Investments)	67.79	331.49	227.55
Total Assets	257.42	594.81	931.82
Contingent Liabilities	21.90	72.46	99.81
Total Debt	70.60	33.47	187.31
	28.24	80.22	92.35
Adjusted Book Value	28.24	80.22	92.35

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00
	55.93	74.32	97.56
Adjustment	10.28	2.48	20.54
Changes In working Capital	-34.44	-33.76	-210.75
Cash Flow after changes in Working Capital	31.78	43.05	-92.65
Cash Flow from Operating Activities	16.92	21.44	-113.80
Cash Flow from Investing Activities	-64.17	-279.26	-34.16
Cash Flow from Financing Activitie	50.10	257.77	147.69
Net Cash Inflow / Outflow	2.85	-0.04	-0.28
Opening Cash & Cash Equivalents	7.46	10.31	10.26
Closing Cash & Cash Equivalent	10.31	10.26	9.99

Ratios

Valuation

97.25

9.85

62.58

12.79

14.81

146.18

Profitability

14.26

16.06

10.02

18.74

12.74

Leverage & Liquidity

0.33

1.64

17.60

Returns

0.00

0.79

Shareholding Pattern

Numbers in percentages

Particulars	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
	70.79	70.79	70.79	70.79	70.79	70.79	70.79	65.69
	11.41	10.16	7.49	8.42	11.67	11.66	13.06	17.19
	17.80	19.05	21.72	20.80	17.54	17.55	16.16	17.12
	29.21	29.21	29.21	29.21	29.21	29.21	29.21	34.31
No. of Shareholders	87,558	73,898	85,306	82,769	75,244	83,766	83,713	91,234

Corporate Actions

Showing: All

Date	Type	Details
2026-09-03	AGM
2026-08-04	Board Meeting	Quarterly Results
2026-05-08	Board Meeting	Audited Results

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)
2026-06-11	Anju Devi	Block Deal	Sell	500,000
2026-06-11	Santosh Kumar Yadav	Block Deal	Sell	500,000

Sector Overview

Capital GoodsEngineering - Industrial Equipments

KRN Heat Exchanger And Refrigeration Ltd. operates in the Capital Goods sector under the Engineering - Industrial Equipments industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

8 members across the board and senior leadership

Jitendra Kumar Sharma

Company Secretary & Compliance Officer

—

Santosh Kumar Yadav

Chairman & Managing Director

₹90.00 L

Mar '26

Anju Devi

Whole Time Director

₹60.00 L

Mar '26

Manohar Lal

Non Independent & Non Executive Director

—

Ketan Sharma

Non Executive Independent Director

₹2.80 L

Mar '26

Srinivasa Rao Anasingaraju

Non Executive Independent Director

₹1.70 L

Mar '26

Deepak Batheja

Non Executive Independent Director

₹2.50 L

Mar '26

Meenakshi Sharma

Non Executive Independent Director

₹90,000

Mar '26

KRN Latest News

News

5 of 5 articles

EQUITY13 Aug 2026 · 17:22

KRN Heat Exchanger and Refrigeration informs about newspaper advertisements

COMPANY24 Jul 2026 · 10:43

KRN Heat Exchanger’s arm secures order worth Rs 50.87 crore

The order is for supply of Heat Exchanger Coils

EQUITY30 May 2026 · 11:03

KRN Heat Exchanger and Refrigeration informs about annual secretarial compliance report

EQUITY16 May 2026 · 09:51

KRN Heat Exchanger and Refrigeration informs about audio recording of analysts call

EQUITY14 May 2026 · 19:42

KRN Heat Exch Refrig reports Profit after tax of Rs 168.70 Mln, in the March 2026 quarter

KRN

₹1,440.20

-3.22%