KRN Heat Exchanger and Refrigeration Ltd
KRN Heat Exchanger and Refrigeration (KHERL), manufactures fin and tube-type heat exchangers for the Heat Ventilation Air Conditioning, and Refrigeration Industry.[1]
- Market Cap ₹ 5,291 Cr.
- Current Price ₹ 851
- High / Low ₹ 1,012 / 402
- Stock P/E 99.2
- Book Value ₹ 80.2
- Dividend Yield 0.00 %
- ROCE 20.8 %
- ROE 16.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
Cons
- Stock is trading at 10.6 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 107 days to 153 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Other Industrial Products
Part of BSE SmallCap BSE IPO BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|
307 | 430 | 449 | |
249 | 359 | 379 | |
Operating Profit | 59 | 70 | 70 |
OPM % | 19% | 16% | 16% |
5 | 12 | 14 | |
Interest | 4 | 3 | 3 |
Depreciation | 4 | 5 | 6 |
Profit before tax | 56 | 74 | 76 |
Tax % | 30% | 29% | |
39 | 53 | 53 | |
EPS in Rs | 8.54 | 8.51 | 8.58 |
Dividend Payout % | 0% | 0% |
Compounded Sales Growth | |
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10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 43% |
Compounded Profit Growth | |
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10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 32% |
Stock Price CAGR | |
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10 Years: | % |
5 Years: | % |
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1 Year: | % |
Return on Equity | |
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10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2024 | Mar 2025 | |
---|---|---|
Equity Capital | 46 | 62 |
Reserves | 84 | 436 |
87 | 33 | |
40 | 63 | |
Total Liabilities | 257 | 595 |
82 | 85 | |
CWIP | 4 | 82 |
Investments | 0 | 0 |
171 | 428 | |
Total Assets | 257 | 595 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2024 | Mar 2025 | |
---|---|---|
17 | 21 | |
-64 | -279 | |
50 | 258 | |
Net Cash Flow | 3 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2024 | Mar 2025 | |
---|---|---|
Debtor Days | 62 | 79 |
Inventory Days | 139 | 110 |
Days Payable | 60 | 63 |
Cash Conversion Cycle | 141 | 125 |
Working Capital Days | 62 | 153 |
ROCE % | 21% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
3 Sep - One-on-one virtual investor meeting with Arthos Finserv LLP on 03-09-2025; no presentation or UPSI shared.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2 Sep - Management met PGIM India MF on 02-Sep-2025; virtual one-on-one; no presentation or UPSI disclosed.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
28 Aug - KRN to hold one-on-one analyst/investor meetings on Sep 2–3, 2025 (virtual/physical).
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Announcement under Regulation 30 (LODR)-Newspaper Publication
26 Aug - Newspaper Advertisements for 8th Annual General Meeting of the Company, to be held on 16th September, 2025 at 3:00 PM
- Reg. 34 (1) Annual Report. 25 Aug
Annual reports
Concalls
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Aug 2025Transcript PPT
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May 2025Transcript PPT REC
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May 2025TranscriptNotesPPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
Business Profile[1] KRN Heat Exchangers designs, manufactures, and supplies heat exchangers and related thermal solutions. These products are used for efficient heat transfer between fluids, typically for heating and cooling applications.