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 ₹ 4,780 Cr.
- Current Price ₹ 768
- High / Low ₹ 1,012 / 402
- Stock P/E 90.4
- Book Value ₹ 80.2
- Dividend Yield 0.00 %
- ROCE 20.7 %
- ROE 16.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 9.57 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* 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 | |
|---|---|---|
| 307 | 430 | |
| 249 | 359 | |
| Operating Profit | 59 | 70 |
| OPM % | 19% | 16% |
| 5 | 12 | |
| Interest | 4 | 3 |
| Depreciation | 4 | 5 |
| Profit before tax | 56 | 74 |
| Tax % | 30% | 29% |
| 39 | 53 | |
| EPS in Rs | 8.47 | 8.51 |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 40% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 35% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 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 | 86 | 436 |
| 87 | 33 | |
| 40 | 63 | |
| Total Liabilities | 258 | 595 |
| 82 | 85 | |
| CWIP | 4 | 82 |
| Investments | 0 | 0 |
| 172 | 428 | |
| Total Assets | 258 | 595 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| 3 | 21 | |
| -66 | -279 | |
| 66 | 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 | 138 | 180 |
| ROCE % | 21% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
31 May - KRN HVAC starts operations at new Neemrana plant, expanding capacity and market presence from May 31, 2025.
-
Commencement Of Commercial Production / Operations Of The Plant Of KRN HVAC Products Pvt. Ltd., Wholly-Owned Subsidiary Of The Company
31 May - KRN HVAC Products subsidiary starts commercial production at Neemrana plant from May 31, 2025.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Annual Secretarial Compliance Report for FY ended March 31, 2025; full compliance, no violations.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 May - Disclosure of investor meeting with no UPSI shared on May 29, 2025.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
26 May - Scheduled analyst/investor meeting on May 29, 2025, virtual/physical mode.
Annual reports
No data available.
Concalls
-
May 2025Transcript PPT REC
-
May 2025TranscriptNotesPPT
-
Feb 2025Transcript PPT REC
-
Nov 2024Transcript PPT REC
Business Profile[1] KRN Heat Exchangers designs, manufactures, and supplies of heat exchangers and related thermal solutions. These products are used for efficient heat transfer between fluids, typically for heating or cooling applications.