Skip to content
thestock.space

KRN Heat Exchanger and Refrigeration (KRN) had a P/E of 51.9× on 6 Nov 2026, below the industry P/E of 63.0×, and the shares are 44% below their 52-week high. Sales and net profit grew 34% and 33% a year over 3 years, with ROCE of 18% and ROE of 15%. Debt is 0.16× equity. It is a small-cap company with a market cap of ₹6,152 Cr, ranked 5th of 20 Electronic Components companies by market cap; the shares rose 25% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹939.80
Day high
₹963.90
Day low
₹939.80
Prev. close
₹989.20
Volume
3.8 L

Health check

2 good · 3 fair · 1 to check
  • ReturnsIn line

    +24.9% over a year, better than 3 of 7 peers.

  • Price tagCheaper

    P/E 51.9 vs industry 63.0.

  • GrowthSteady

    Sales +34.4%, profit +33.3% a year over 3 years.

  • ProfitabilityAverage

    ROCE 17.8% vs peer median 14.7%.

  • Balance sheetSolid

    Debt 0.16× equity, interest covered 24.1×.

  • Red flags2 to check

    44% below its 52-week high.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Electronic Components

19 listed peers. Screen the industry

Small cap

₹6,152 Cr, #5 of 20 in its industry by size.

Moves with the market

Beta 1.04 vs the NIFTY 50: tracks the market closely.

Key metrics

Last 12 months to Sep 2026: sales ₹904 Cr · profit ₹115 Cr
Market cap
₹6,152 Cr
Small cap
P/E
51.9
Industry 63.0
Price to book
6.25
Peers 5.04
Dividend yield
0.00%
ROE
15.2%
Peers 9.6%
ROCE
17.8%
Peers 14.7%
Debt to equity
0.16
Debt ₹153 Cr
EPS (TTM)
₹18.12
Face value ₹10
OPM (TTM)
18.0%
Net margin 12.7%
Sales growth
+109.9%
Latest quarter vs a year ago
Profit growth
+90.3%
Latest quarter vs a year ago
Price to sales
6.80
EV/EBITDA 36.7

Strengths and risks

Strengths

  • Quarterly profit up 90.3% on a year ago.
  • Quarterly sales up 109.9% on a year ago.

Risks to check

  • 44% below its 52-week high.
  • Promoter stake down from 69.6% to 65.7%.

Derived automatically from reported figures. Not a recommendation.

About KRN Heat Exchanger and Refrigeration

KRN Heat Exchanger and Refrigeration Limited manufactures and sells heating ventilation and air conditioning (HVAC) parts and accessories in India and internationally. It offers condenser, chilled water, evaporator, floating type, fluid and steam, heating, sea water, and Ss coils; charge air, combi oil, converter offline oil, oil, transformer oil, water coolers, and radiators; refrigerator components, such as frost free evaporator, skin condenser, roll…

Headquarters
Neemrana
Employees
574
Sector
Technology
ISIN
INE0Q3J01015
Website
krnheatexchanger.com

Price range

52 weeks

₹589.80₹1,687.00

Today

₹939.80₹963.90
Avg volume (3M)
3.9 L
1-year return
plus 24.9%
From 52-week high
minus 44.3%

Peers · Electronic Components

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
SYRMASyrma SGS Technology1,459.30minus 3.68%28,11066.747.614.7%10.9%0.2432.8%plus 93.2%
KAYNESKaynes Technology India3,233.00minus 1.81%21,73363.037.512.0%15.6%0.1947.7%minus 50.6%
PGELPG Electroplast546.15minus 0.55%15,66172.537.08.7%7.3%0.2533.8%minus 3.4%
AVALONAvalon Technologies1,893.60minus 9.83%12,66895.072.821.7%11.4%0.3019.3%plus 82.6%
KRNKRN Heat Exchanger and Refrigeration939.80minus 4.99%6,15251.9––13.0%0.16–plus 24.9%
CENTUMCentum Electronics4,069.20minus 0.88%6,007374.441.537.9%10.5%0.382.4%plus 67.0%
MODINSUModern Insulators457.10minus 2.34%2,15522.920.216.7%14.8%0.1318.5%plus 213.5%
IKIOIKIO Technologies196.69plus 13.11%1,52031.919.48.9%13.7%0.1118.4%minus 16.5%
Median of 7 peers–−1.81%12,66866.737.514.7%11.4%0.2419.3%67.0%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26Sep 26
–152153179252319
–127122146203270
21.225.431.133.549.148.7
–16.7%20.3%18.7%19.4%15.3%
0–1.91.92.87.5
0.7–1.72.633.1
2.2–5.866.57.3
––0.4–––
18.3–25.926.842.345.9
32.1%–12.4%13.0%22.3%21.3%
12.4–22.723.432.936.1
2.00–3.653.755.205.52

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+34.4%
Profit CAGR 3Y
+33.3%
EPS CAGR 3Y
+21.1%
ROE
15.2%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
247308429600
–+24.6%+39.3%+39.8%
197248357485
50.359.872.3115
20.3%19.4%16.8%19.2%
0.72.59.34.3
2.42.62.84.8
3.244.618.8
–0.20.21.8
45.555.974.398
29.0%29.6%28.9%21.9%
32.339.452.976.5
–+21.9%+34.2%+44.6%
6.938.459.7512.30

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
4446.162.262.2
15.684.1436512
36.68733.5187
52.540.263171
149257595932
32.386.1167346
0.14.482.333.3
–––1.5
7.510.310.310
109157335541
149257595932

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
5.116.921.4−114
−14−64.2−279−34.2
1150.1258148
2.12.9−0−0.3
−14−69.8−151−248
−8.9−52.9−130−361

Shareholding pattern

Source: NSE filings
65.7%
promoters
  • Promoters65.69%
  • Public34.31%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202665.69%34.31%0.00
30 Jun 202665.69%34.31%minus 1.53
1 Jun 202667.22%32.78%minus 3.57
31 Mar 202670.79%29.21%plus 1.17
31 Dec 202569.62%30.38%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you