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Industrials · Other Industrial Products

KRN Heat Exchanger and Refrigeration Ltd (KRN)

₹1,147.20

Mkt cap
₹7,509 Cr
P/E ratio
65.30
P/B
7.65
Div yield
0.00%
ROE
14.10%
ROCE
16.00%
EPS (TTM)
₹17.57
Book value
₹150
52W range
590–1,687
Sector
Industrials

Price history

Previous close

KRN Heat Exchanger and Refrigeration (KHERL), manufactures fin and tube-type heat exchangers for the Heat Ventilation Air Conditioning, and Refrigeration Industry. [1]

NSE KRNBSE 544263
Health check
Mixed
ValuationExpensive
ProfitabilityAverage
GrowthHigh
TechnicalsNeutral
52-week range
−32.00% from high
₹1,147
₹590+94.51% from low₹1,687
Current
₹1,147.20
Prev close
₹1,207.50
Day
−4.99%
Price performance
1D
−4.99%
1W
+12.64%
1M
−20.50%
3M
−0.81%
6M
−10.58%
1Y
+36.87%
YTD
+48.96%

Financials

Revenue, profit & margin
P/E ratio
65.3×
KRN is 167% above the sector median of 24.5×
KRN65.3×
Sector median24.5×
 Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026Trend
Sales7166829691111132115152153179252319
Expenses58546478739611398122122146203270
Operating Profit13121818181619183031344949
OPM %19%18%21%18%20%14%14%15%20%20%19%19%15%
Other Income1121154422237
Interest1111101112333
Depreciation1111111256667
Profit before tax12111717171921182726274246
Tax %29%29%30%29%29%28%30%32%33%12%13%22%21%
Net Profit981212121415121823233336
EPS in Rs1.961.712.612.591.982.212.392.002.903.653.765.035.52
Raw PDF

Earnings

Results dates & reactions
No upcoming results date on calendar.

Fresh quarters land in the Financials table above, tagged NSE until screener catches up.

Avg earnings-day move −0.00% · closed higher next day 1 of last 1
 Q1FY27Q2FY27
Broadcast12 Aug '26◦29 Oct '26◦
Earnings day+4.99%−4.99%
+1 day+10.24%—
+5 days+14.00%—
+15 days+13.06%—
+30 days+3.75%—
FilingXBRLXBRL

Corporate actions

Last 6 months

No recent corporate actions

Dividends, splits, and bonuses in the last six months show up here.

Results analysis

Shareholding

as of Sep 2026
65.69%Promoter
Promoters65.69%
FIIs8.98%0.12
DIIs7.98%0.35
Public17.35%0.22
Ownership trend

Peers

7 companies
Valuation vs quality
P/E × ROCE · bubble = market cap
NameCMPP/EMkt CapDiv YldNP QtrQtr Profit VarSales QtrQtr Sales VarROCE
HBL Engineering₹799.3527.6422,1580.38%109−25.07%638+6.03%59.30%
Inox India₹1,860.2065.6516,8840.11%58−4.99%371+9.18%33.48%
Esab India₹5,258.5039.108,0941.43%56+37.13%421+19.63%64.68%
KRN Heat Exchan₹1,147.2065.287,5090.00%36+100.39%319+109.86%15.98%
Harsha Engg Intl₹414.1524.383,7710.36%37−1.45%457+25.22%13.00%
Subros₹576.3521.873,7600.52%42+1.69%1,032+17.52%19.16%
Ador Welding₹1,330.9019.172,3161.73%27+4.14%344+22.93%22.71%
Median: 32 Co.₹327.5024.485370.00%6+10.16%74+19.63%16.17%

Filings

Annual reports2
Annual Report 2026Annual Report 2025
Concall transcripts24
PPTOct 2026TranscriptAug 2026PPTAug 2026TranscriptMay 2026PPTMay 2026RECMay 2026TranscriptFeb 2026PPTFeb 2026RECFeb 2026TranscriptNov 2025PPTNov 2025RECNov 2025TranscriptAug 2025PPTAug 2025TranscriptMay 2025PPTMay 2025RECMay 2025PPTMay 2025TranscriptFeb 2025PPTFeb 2025RECFeb 2025TranscriptNov 2024PPTNov 2024RECNov 2024
Credit ratings2
Rating update 4 JuncrisilRating update 30 Sep 2025crisil
Announcements5
Announcement under Regulation 30 (LODR)-Investor Presentation 30 OctAnnouncement under Regulation 30 (LODR)-Newspaper Publication 30 OctAnnouncement under Regulation 30 (LODR)-Monitoring Agency Report 29 Oct - Crisil report on QIP proceeds for quarter ended Sept 30, 2026; no deviation, Rs 34,179.48 lakh utilized.Statement Of Deviation & Variation 29 Oct - No deviation in utilization of ₹349.99 crore QIP proceeds for quarter ended September 30, 2026.Financial Results For Q2H1FY27 29 Oct - Board approved Q2 and half-year FY2026 unaudited results on 29 Oct 2026.