KRN HEAT EXCHANGER AND REFRIGERATION LIMITED

Web: krnheatexchanger.com NSE: KRN BSE: 544263 SECTOR: Capital Goods - Industrial Products | Add Note | View Notes

1055 56(-5%)

Volume

2L as on 18, Sep

Open

706

High

767

Low

706

1,110

VWAP

1,435

52 Week High

1,687

52 Week Low

590

Viand Research Rating

Quality Score

80/100

Growth Score

100/100

Valuation Score

50/100

Momentum Score

0/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

6,903

No. of Shares

6.55

P/E

P/B

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

ROCE

Profit Growth

Listing Date

Rank/Sector Rank

#627/#88

Promoter Holding

65.69%

FII Holding

8.86%

DII Holding

8.33%

Price Chart

Price Performance

1 Week9%

1 Month5%

3 Months19%

6 Months63%

1 Year69%

YTD69%

Moving Average

5 Day SMA1,477

10 Day SMA1,543

20 Day SMA1,534

30 Day SMA1,490

50 Day SMA1,362

61 Day SMA1,331

80 Day SMA1,293

200 Day SMA0

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	1,521	1,415	1,487	1,556
Resistance 2	1,487	1,408	1,456	1,504
Resistance 1	1,440	1,400	1,437	1,475
Pivot Point	1,406	1,393	1,406	1,423
Support 1	1,359	1,385	1,375	1,393
Support 2	1,325	1,378	1,356	1,342
Support 3	1,278	1,370	1,325	1,312

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	HAL	3,24,650	4854	7%	6%	14%	3%	31	94.2	0	9116
2	BEL	2,71,339	371	2%	2%	17%	10%	49	94.2	0	6062
3	TMCV	1,53,572	417	3%	1%	5%	28%	0	94.2	0.44	3030
4	BHEL	1,42,834	410	0%	6%	41%	86%	409	94.2	0.22	1578
5	ABB	1,39,001	6560	0%	3%	1%	30%	93	94.2	0.02	1668
6	CGPOWER	1,29,346	821	1%	1%	12%	14%	119	94.2	0.01	1199
7	POWERINDIA	1,25,025	28050	5%	4%	3%	66%	150	94.2	0.02	988
8	CUMMINSIND	1,23,077	4440	5%	7%	9%	15%	74	94.2	0	2330
9	SIEMENS	1,21,815	3421	1%	3%	2%	17%	66	94.2	0.02	2754
10	POLYCAB	1,17,107	7770	0%	1%	4%	7%	52	94.2	0.01	2601
Load More

Shareholding Pattern (%)

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Oct 2024	Sep 2024
Promoters	(-5.11) 65.69%	(0.01) 70.79%	(0.01) 70.79%	(0.01) 70.79%	(0.01) 70.79%	(0.01) 70.79%	(0.01) 70.79%	(0.01) 70.79%	(0.01) 70.79%
FIIs	(2.21) 8.86%	(1.41) 6.66%	(-0.21) 5.31%	(3.11) 5.46%	(1.11) 2.35%	(-0.81) 1.21%	(-2.11) 1.98%	(0.01) 4.05%	(0.01) 4.05%
DIIs	(1.91) 8.33%	(0.01) 6.39%	(0.11) 6.35%	(0.21) 6.21%	(-0.21) 6.06%	(-1.91) 6.28%	(0.81) 8.18%	(-0.11) 7.36%	(0.01) 7.46%
Public	17.13%	16.16%	17.56%	17.53%	20.80%	21.72%	19.05%	17.80%	17.69%
No. of Shareholders	91,234	83,713	83,766	75,244	82,769	85,306	73,898	87,558	87,558

Quarterly Results

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Sales	252	179	153	152	115	132	111	91	96	82	66	71
Sales Growth % (YoY)	119%	36%	37%	67%	20%	60%	70%	28%	-	-	-	-
Sales Growth % (QoQ)	40.8%	17%	0.7%	32.2%	-12.9%	18.9%	22%	-5.2%	17.1%	24.2%	-7%	-
Expenses	203	146	122	122	98	113	96	73	78	64	54	58
Operating Profit	49	34	31	30	18	19	16	18	18	18	12	13
OPM %	19	19	20	20	15	14	14	20	18	21	18	19
Other Income	3	2	2	2	4	4	5	1	1	2	1	1
Interest	3	3	2	1	1	1	0	1	1	1	1	1
Depreciation	6	6	6	5	2	1	1	1	1	1	1	1
Profit before tax	42	27	26	27	18	21	19	17	17	17	11	12
Tax %	22	13	12	33	32	30	28	29	29	30	29	29
Net Profit	33	23	23	18	12	15	14	12	12	12	8	9
Net Profit Growth % (QoQ)	43.5%	-	27.8%	50%	-20%	7.1%	16.7%	-	-	50%	-11.1%	-
Net Profit Growth % (YoY)	175%	53.3%	64.3%	50%	-	25%	75%	33.3%	-	-	-	-
TTM Net Profit	97	76	68	59	53	53	50	44	41	29	17	0
EPS in Rs	5.03	3.76	3.65	2.9	2	2.39	2.21	1.98	2.59	2.61	1.71	1.96

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024
Sales	600	430	307
Sales Growth %	39.7%	39.9%	-
Expenses	488	359	249
Operating Profit	112	70	59
OPM %	19	16	19
Other Income	10	12	5
Interest	6	3	4
Depreciation	19	5	4
Profit before tax	98	74	56
Tax %	22	29	30
Net Profit	76	53	39
Net Profit Growth %	43.4%	35.9%	-
EPS in Rs	12.3	8.51	8.54
Dividend Payout %	0	0	0

Cash Flows

	Mar 2026	Mar 2025	Mar 2024
Cash from Operating Activity	-114	21	17
Cash from Investing Activity	-34	-279	-64
Cash from Financing Activity	148	258	50
Net Cash Flow	0	0	3

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024
Equity Capital	62	62	62	62	46
Reserves	512	466	436	438	84
Borrowings	187	30	33	75	87
Other Liabilities	171	170	63	56	40
Total Liabilities	932	729	595	631	257
Fixed Assets	314	283	85	81	82
CWIP	33	11	82	28	4
Investments	0	0	0	0	0
Other Assets	585	434	428	522	171
Total Assets	932	729	595	631	257

Delivery

Delivery Data: KRN

#	Date	1048 61% 1687	Value (Cr)	Q/T 104	Del 68	Del 52
1	21-Oct	1055	64	40	49	31
2	19-Oct	1110	187	15	50	93
3	16-Oct	1140	172	12	57	97
4	15-Oct	1231	134	13	52	70
5	14-Oct	1357	31	11	51	16
6	13-Oct	1381	52	10	44	23
7	12-Oct	1413	27	8	38	10
8	9-Oct	1386	38	11	47	18
9	8-Oct	1414	30	8	52	16
10	7-Oct	1484	77	14	39	30
11	6-Oct	1462	15	20	69	11
12	5-Oct	1393	31	12	58	18
13	1-Oct	1415	24	9	57	14
14	30-Sep	1436	27	12	50	13
15	29-Sep	1443	54	14	59	32
16	28-Sep	1387	15	8	50	7
17	25-Sep	1382	25	9	53	13
18	24-Sep	1402	15	9	58	9
19	23-Sep	1413	23	8	56	13
20	22-Sep	1420	23	11	61	14
21	21-Sep	1416	21	10	61	13
22	18-Sep	1446	35	13	56	20
23	17-Sep	1393	95	14	50	47
24	16-Sep	1438	40	37	55	22
25	15-Sep	1514	35	23	73	26
26	11-Sep	1594	30	11	46	14
27	10-Sep	1585	14	11	54	8
28	9-Sep	1597	30	11	52	16
29	8-Sep	1660	35	13	41	14
30	7-Sep	1625	54	17	60	32
31	4-Sep	1579	64	46	48	31
32	3-Sep	1506	30	11	44	13
33	2-Sep	1535	25	11	50	12
34	1-Sep	1527	40	13	52	21
35	31-Aug	1553	66	15	45	30
36	28-Aug	1610	50	17	60	30
37	27-Aug	1535	24	12	46	11
38	26-Aug	1512	14	12	51	7
39	25-Aug	1525	38	14	51	19
40	24-Aug	1471	12	11	60	7
41	21-Aug	1482	26	14	63	16
42	20-Aug	1518	20	15	48	9
43	19-Aug	1501	89	22	36	32
44	18-Aug	1522	64	16	41	27
45	17-Aug	1540	148	51	60	89
46	14-Aug	1468	60	201	51	30
47	13-Aug	1398	8	47	100	8

Daily Market Cap

Date	Total Market Cap	Change	Chg %
21-Oct	6,903c	329c	4.54
19-Oct	7,232c	257c	3.44
17-Oct	7,489c	0	0
16-Oct	7,489c	507c	6.34
15-Oct	7,996c	989c	11.01
14-Oct	8,986c	62c	0.69
13-Oct	9,048c	169c	1.83
12-Oct	9,217c	92c	1.00
09-Oct	9,125c	140c	1.51
08-Oct	9,265c	11c	0.11
05-Oct	9,255c	23c	0.25
01-Oct	9,277c	287c	3.20
29-Sep	8,990c	76c	0.84
28-Sep	9,066c	133c	1.44
25-Sep	9,199c	116c	1.24
24-Sep	9,315c	46c	0.49
22-Sep	9,269c	5c	0.05
17-Sep	9,264c	1,201c	11.48
10-Sep	10,466c	234c	2.18
07-Sep	10,699c	0	0

Stock Checklist

Price is above from 52 week high low average: 42%

Stock is trading above all short term SMAs: NO

Stock is trading above all long term SMAs: YES

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: YES

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 56 fund scheme(s) across 10 fund house(s) as of Oct26 · Total value ₹638 Cr · 21 increasing / 7 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
WhiteOak Capital Mutual Fund	20	0.58%	+0.12%	396.4
Bank of India Mutual Fund	6	1.18%	-0.02%	85.1
ITI Mutual Fund	2	4.76%	-0.60%	57.8
Union Mutual Fund	10	0.65%	+0.15%	49.2
Bandhan Mutual Fund	4	0.44%	-	26.6
Motilal Oswal Mutual Fund	4	0.36%	+0.01%	17.5
Samco Mutual Fund	4	0.57%	+0.43%	5.2
Groww Mutual Fund	2	0.02%	-	0.1
Mirae Asset Mutual Fund	2	0.02%	-	0
Angel One Mutual Fund	2	0.02%	+0.01%	0

KRN HEAT EXCHANGER AND REFRIGERATION LIMITED

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