



Capital Goods | Small Cap
KRN Heat Exchanger and Refrigeration Ltd. shows a strong financial profile, marked by exceptional growth and profitability. The company is expanding rapidly, with significant increases in sales, profits, and assets. A major strength is its near debt-free status, which provides a very stable foundation and minimizes financial risk from borrowing. The business is highly profitable, effectively converting its revenues into net income. However, the company faces challenges with operational efficiency. It takes a relatively long time to sell its inventory and collect payments from customers, indicating that its assets are not being used as productively as they could be. The company currently reinvests all its earnings for growth and does not pay dividends to shareholders. The future outlook appears positive due to strong growth momentum and a solid financial base, though operational efficiency is an area to watch.
KRN Heat Exchanger and Refrigeration Ltd. shows a strong financial profile, marked by exceptional growth and profitability. The company is expanding rapidly, with significant increases in sales, profits, and assets. A major strength is its near debt-free status, which provides a very stable foundation and minimizes financial risk from borrowing. The business is highly profitable, effectively converting its revenues into net income. However, the company faces challenges with operational efficiency. It takes a relatively long time to sell its inventory and collect payments from customers, indicating that its assets are not being used as productively as they could be. The company currently reinvests all its earnings for growth and does not pay dividends to shareholders. The future outlook appears positive due to strong growth momentum and a solid financial base, though operational efficiency is an area to watch.
Overall Valuation Score
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Last Traded Time
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P/E RATIO (TTM)
116.12
Industry Median
74.48
Small Cap Median
74.48
P/E RATIO
108.28
P/B RATIO
14.41
Industry Median
10.83
Small Cap Median
10.83
P/S RATIO
13.81
Industry Median
4.00
Small Cap Median
4.00
Others
PEG RATIO
0.00
EV/EBITDA RATIO
66.98
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹1331.9 as on Aug 12, 2026.
The company is in a phase of exceptional and rapid expansion. It is experiencing outstanding growth across all key areas, including a significant surge in revenue, operating profit, and net income. Furthermore, its asset base is expanding dramatically, indicating substantial investment in the business's future. This explosive growth is a major strength and suggests strong market demand for its products or services. The forward-looking data confirms that this high-growth trajectory is expected to continue, positioning the company for a larger market presence.
| Growth Ratios | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Revenue Growth Rate | 40.07 | 39.53 | |
| Operating Profit Growth Rate | 18.64 | 60 | |
| Earnings Per Share (EPS) Growth | -0.35 | 44.54 | |
| Asset Growth Rate | 131.52 | 56.64 | |
| Net Income Growth Rate | 35.9 | 43.4 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Hind Rectifiers Ltd | 7.86 | 110.63 | Neutral | 84.00 | 16.78 | 39.00 |
| 2 | KRN Heat Exchanger and Refrigeration Ltd | 7.27 | 108.28 | Neutral | 112.00 | 10.89 | 76.00 |
| 3 | Cyient DLM Ltd | 7.07 | 74.64 | Neutral | 127.00 | 7.10 | 73.00 |
| 4 | Centum Electronics Ltd | 6.05 | -107.96 | Undervalued | 135.00 | -79.31 | -52.00 |
| 5 | Marine Electricals (India) Ltd | 5.69 | 83.21 | Overvalued | 94.00 | 3.78 | 59.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Market Sentiment
Analysis Driven By 1 Technical Indicators From The 1 Hour Timeframe
KRN Heat Exchanger and Refrigeration Ltd is an Indian company manufacturing and supplying industrial heat exchangers, refrigeration systems, and pressure vessels. It serves diverse sectors like chemicals, pharmaceuticals, dairy, and HVAC, offering custom-engineered solutions and holding a niche position in specialized thermal equipment. The company focuses on robust and efficient thermal management solutions.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. KRN Heat Exchanger and Refrigeration Ltd's P/E ratio (TTM) is 116.12, compared to the industry median of 74.48 and large cap median of 74.48.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. KRN Heat Exchanger and Refrigeration Ltd's P/B ratio is 14.41, compared to the industry median of 10.83 and large cap median of 10.83.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. KRN Heat Exchanger and Refrigeration Ltd's P/S ratio is 13.81, compared to the industry median of 4.00 and large cap median of 4.00.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. KRN Heat Exchanger and Refrigeration Ltd's PEG ratio is 1.37.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. KRN Heat Exchanger and Refrigeration Ltd's EV/EBITDA ratio is 66.98.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. KRN Heat Exchanger and Refrigeration Ltd's ROE is 13.24%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. KRN Heat Exchanger and Refrigeration Ltd's ROA is 12.02%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. KRN Heat Exchanger and Refrigeration Ltd's ROCE is 16%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. KRN Heat Exchanger and Refrigeration Ltd's operating margin is 18.67%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. KRN Heat Exchanger and Refrigeration Ltd's net margin is 12.67%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. KRN Heat Exchanger and Refrigeration Ltd's current ratio is 1.63.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. KRN Heat Exchanger and Refrigeration Ltd's debt-to-equity ratio is 0.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. KRN Heat Exchanger and Refrigeration Ltd's interest coverage ratio is 17.33.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. KRN Heat Exchanger and Refrigeration Ltd's DPS is ₹0.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. KRN Heat Exchanger and Refrigeration Ltd's EPS is 44.54.
(Source line: "Ratios as of 12 Aug 2026, based on last traded price of ₹1331.90. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
2017: Incorporated as KRN Heat Exchanger and Refrigeration Private Limited on February 8. 2022: Converted into a Public Limited Company on September 22. 2023: Successfully completed its Initial Public Offering (IPO) and listed on the NSE Emerge platform. Present: Engaged in the design, manufacturing, and supply of industrial heat exchangers and refrigeration systems for various industries.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Heat Exchangers | N/A | Operating Profit |
| Industrial Refrigeration Systems | N/A | Operating Profit |
| Pressure Vessels | N/A | Operating Profit |
| Condensers & Evaporators | N/A | Operating Profit |
Mr. Naresh Kumar Kankariya: Chairman & Managing Director. Over 30 years of experience in the heat transfer and refrigeration industry, a key force behind the company's technical and operational excellence. Mr. Neeraj Kumar Kankariya: Whole-Time Director. Manages day-to-day operations and strategic business development, leveraging his expertise in engineering and project management.
No major subsidiaries reported.
No major recent corporate actions on record apart from IPO listing in 2023.
References
The KRN Heat Exchanger and Refrigeration Ltd share price today is ₹1331.90 on NSE (KRN), as of 12 Aug 2026.
As of 12 Aug 2026, KRN Heat Exchanger and Refrigeration Ltd share price is ₹1331.90, with previous close ₹N/A. Today's range is ₹N/A to ₹N/A. The 52-week range is ₹N/A to ₹N/A.
As of today, KRN Heat Exchanger and Refrigeration Ltd's market cap is ₹8,284.42 crore (Mid Cap).
KRN Heat Exchanger and Refrigeration Ltd's current P/E ratio is 116.12, compared to the COMMERCIAL SERVICES & SUPPLIES sector average of 48.
KRN Heat Exchanger and Refrigeration Ltd's current P/B ratio is 14.41.
KRN Heat Exchanger and Refrigeration Ltd's current dividend yield is N/A. Last dividend of ₹0.00 per share was declared on N/A.
KRN Heat Exchanger and Refrigeration Ltd's EPS (TTM) is ₹44.54.
KRN Heat Exchanger and Refrigeration Ltd is an Indian company manufacturing and supplying industrial heat exchangers, refrigeration systems, and pressure vessels. It serves diverse sectors like chemicals, pharmaceuticals, dairy, and HVAC, offering custom-engineered solutions and holding a niche position in specialized thermal equipment. The company focuses on robust and efficient thermal management solutions.
KRN Heat Exchanger and Refrigeration Ltd is promoted by Kankariya Family (Mr. Naresh Kumar Kankariya, Mr. Neeraj Kumar Kankariya), holding 70.79% as of 12 Aug 2026.
KRN Heat Exchanger and Refrigeration Ltd is listed on NSE (KRN) and BSE (544263). Its next quarterly results are expected on August 2024.