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 ₹ 5,938 Cr.
- Current Price ₹ 955
- High / Low ₹ 1,012 / 402
- Stock P/E 111
- 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.
- Company is expected to give good quarter
Cons
- Stock is trading at 11.9 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 | 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 | 8.47 | 8.51 | 8.58 |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
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| TTM: | 43% |
| Compounded Profit Growth | |
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| TTM: | 32% |
| Stock Price CAGR | |
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| Return on Equity | |
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| 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 | 69 | 153 |
| ROCE % | 21% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
18 Aug - Appointed secretarial, cost, and internal auditors for FY 2025-26 and next five years.
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Announcement Under Regulation 30 Of SEBI (LODR) Reg. 2015
18 Aug - Appointment of secretarial, cost, and internal auditors for FY 2025-26 and next five years.
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Board Meeting Outcome for Outcome Of Board Meeting
18 Aug - Appointed secretarial, cost, and internal auditors for FY 2025-26, subject to member approval.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 5 Aug
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1 Aug - Q1 FY26 earnings call audio recording available on company website.
Annual reports
No data available.
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.