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KRN HEAT EXCHANGE N REF L

KRN HEAT EXCHANGE N REF L Latest Share Price (KRN)

TechnicalsTV Chart
₹1,426.80
40.70+2.94%
Overall Score37/100
Day range1,394
₹1,426.80
1,449
52-week590
₹1,426.80
1,687
Above low+141.9%
Below high15.4%
Range position76%
Open1,397.00
Prev Close1,386.10
Bid1,426.73100
Ask1,426.87100

TODAY IN ONE LINE

KRN rose 2.9% on above-average volume (292592.2x avg), outperforming Nifty's -0.6% move, supported by recent strong earnings.

With a market cap of ₹9,357.29 Cr., it trades at a P/E of 90.82. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.

Volume109.5K−53%vs 20D avg
Price Band10
Lower Band1,247.5
Upper Band1,524.7
Tick Size0.10
Daily Volatility3.05%
Annualised Vol58.27%
Market Cap₹9,357.29 Cr.
Promoter65.69%
Face Value₹9
Fwd P/E65.85
PEG—
EV/EBITDA50.89
P/S8.74
ROA8.88%
Beta1.22
Div Payout—
THE STOCK SCORE
Overall Score37/100
Updated 07 Sept

How good is this company?

Overall performance across 5 key dimensions.

Each card tappable → shows formula + inputs
FLAGS & NEWS

KRN HEAT EXCHANGE N REF L flags & news 

Key strengths, potential risks, and recent updates.

✅ 4 green flags🚩 3 red flags

Green Flags

  • ●Quarterly OutperformanceLatest quarter Sales up 38.7% and Profit up 76.2%
  • ●Healthy Operating MarginsOPM is structurally strong at 17.3%
  • ●High Promoter HoldingPromoters hold 65.7% skin-in-the-game
  • ●Zero Pledge RiskNo recent active promoter pledging found

Red Flags

  • ●Expensive ValuationTrading at a high P/E ratio of 100.3x
  • ●Promoter SellingPromoter holding decreased by 1.53% QoQ
  • ●Rising Receivables vs SalesReceivables grew 81.8% outpacing sales growth of 39.4%

Latest KRN HEAT EXCHANGE N REF L News

THE CHANGELOG

What changed recently?

Recent events, corporate actions, and announcements.

06 OCT 2026
corporate
Certificate under SEBI (Depositories and Participants) Regulations, 2018 - KRN Heat Exchanger and Refrigeration Limited has informed the Exchange about Certificate under SEBI ...
View PDF
🔒Prime: full history + alerts on this stock
Valuation

KRN HEAT EXCHANGE N REF L valuation: P/E, P/B and sector benchmarks.

Twelve years of multiples investors have paid for KRN HEAT EXCHANGE N REF L, framed against the sector median so the premium or discount is obvious at a glance.

KRN HEAT EXCHANGE N REF L trades at a P/E of 90.82× and P/B of 15.08×.

Key MetricsMarket + reported · 12 Oct 2026Consolidated

Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.

Valuation

Valuation

Market Cap
₹9,357.29 Cr.
P/E Ratio
90.82
P/B Ratio
15.08
EPS
₹5.03
Profitability

Profitability

ROE
13.32%
ROCE
10.79%
Net Margin
12.74%
Op Margin
17.31%
Growth

Growth

EPS YoY
—
Revenue YoY
—
Qtr Sales
38.66%
Qtr Profit
76.21%
Financial Health

Financial Health

Debt / Equity
0.33
Book Value
₹87.69
Div Yield
—
Promoter Holding
65.69%
Technicals

KRN HEAT EXCHANGE N REF L technical analysis: indicators, pivots and CPR.

Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for KRN HEAT EXCHANGE N REF L — derived from the latest tape, not yesterday's close.

KRN HEAT EXCHANGE N REF L last traded at ₹1,426.8 with an intraday range of ₹1,393.7–₹1,448.7 — latest indicator, pivot and CPR signals below.

Last updated: 12 October 2026, 1:01 pm IST

Pivot points

Standard pivot — most widely referenced.

Pivot levels · Classic

Last: ₹1426.80
LevelPrice (₹)Distance% Δ
R41562.43+135.63+9.51%
R31507.43+80.63+5.65%
R21478.07+51.27+3.59%
R11452.43+25.63+1.80%
PIVOT1423.07-3.73-0.26%
CURRENT1426.80——
S11397.43-29.37-2.06%
S21368.07-58.73-4.12%
S31342.43-84.37-5.91%
S41287.43-139.37-9.77%
CPR Levels
Support
Resistance
S4
S3
S2
S1
| CPR |
BC: 1421.20P: 1423.07TC: 1424.93
R1
R2
R3
R4
indicator
LTP: 1426.80
PDH: 1425.00
PDL: 1363.40
● Market Sentiment

KRN is trading Above CPR, indicating Bullishness

● CPR Width

CPR is Average

● Opening Range

Day's range: ₹1393.7–₹1417.9

● Price Position

Trading Above opening range, showing Bullishness

Financials

KRN HEAT EXCHANGE N REF L financials: P&L, balance sheet, cash flow, ratios.

Reported annual and quarterly results for KRN HEAT EXCHANGE N REF L — consolidated or standalone — with margins, YoY growth and key ratios inline.

KRN HEAT EXCHANGE N REF L reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹9,357.29 Cr. and reported EPS of ₹5.03.

iTap any row for a plain-English meaning▲▼Change vs a year ago — green means the move is healthy for that line, red means it isn’tDerivedCalculated by us, not reported directly
Mobile view
Latest vs previous year
MetricMar 2026May 2026
Revenue from Operations600
600
▲ 0.0%
Sales Growth YoY %Derived39.60%
39.60%
Other Income10
10
▲ 0.0%
Total Income610
610
▲ 0.0%
412
412
▲ 0.0%
Gross ProfitDerived188
188
▲ 0.0%
Gross Margin %Derived31.37%
31.37%
76
76
▲ 0.0%
EBITDA (Operating Profit)Derived112
112
▲ 0.0%
OPM %Derived18.74%
18.74%
25
25
▲ 0.0%
Profit Before Tax (PBT)98
98
▲ 0.0%
21
21
▲ 0.0%
Effective Tax %Derived21.94%
21.94%
Total Profit for Period76
76
▲ 0.0%
Net Profit (Owner's PAT)Derived76
76
▲ 0.0%
Net Profit Margin %Derived12.74%
12.74%
PAT Growth YoY %Derived44.62%
44.62%
Earnings Per Share (EPS ₹)12.30
12.30
▲ 0.0%
Diluted Shares Outstanding (Cr)6
6
▲ 0.0%
Other Comprehensive Income (Net of Tax)0
0
▲ 0.0%
Total Expenses (incl. D&A & Interest)512
512
▲ 0.0%
Material Cost % of RevenueDerived40.52%
40.52%
Employee Cost % of RevenueDerived6.93%
6.93%
Other Cost % of RevenueDerived5.70%
5.70%
Interest Coverage (x)Derived15.88x
15.88x
Sales CAGR · 3Y
+11.8%
PAT CAGR · 3Y
+13.1%
all values in ₹ Cr unless marked % / x / ₹ · fiscal-period end shown · reported figures via Stockezee financials API · annual results may be audited; quarterly results may be unaudited or limited-review
Segment Analysis

KRN HEAT EXCHANGE N REF L segment analysis : revenue and profit mix.

Disclosed business segments at KRN HEAT EXCHANGE N REF L with their share of revenue and profit, switchable between consolidated and standalone reporting.

KRN HEAT EXCHANGE N REF L discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.

Segment-wise Financial Analysis

Thesis

The Bull, Bear, and Flip case for KRN HEAT EXCHANGE N REF L.

Our AI distills the core fundamental drivers supporting KRN HEAT EXCHANGE N REF L, the risks that threaten it, and the quantitative conditions that could weaken the thesis.

KRN HEAT EXCHANGE N REF L's investment case rests on 0 positive markers and 1 flagged concerns drawn from the latest reported filings.

bull case

What you're getting.

No strengths or opportunities on record.

bear case

Key Risks.

  • SWOT generation temporarily unavailable due to model error. The security token included in the request is invalid.

flip conditions

Flip Conditions.

  • Valuation risk. a P/E above 118 would leave less room for earnings disappointment.

  • Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.

  • Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.

  • Return-quality risk. ROE below 8% would indicate weaker capital compounding.

Shareholding

KRN HEAT EXCHANGE N REF L shareholding pattern: promoters, FII, DII and public.

Quarter-on-quarter ownership shifts in KRN HEAT EXCHANGE N REF L — who is buying, who is exiting, and which institutions hold the largest positions.

Shareholding Pattern

Annual • Sep 2026

DII7.98%↓0.66%
Public17.35%↑1.58%
FII8.98%↑0.61%
Promoters65.69%↓1.53%

Ownership Distribution

Domestic Institutions
7.98%
Retail & Public
17.35%
Foreign Institutions
8.98%
Promoters
65.69%

Category Trends

Foreign Institutions Breakdown
Total Holding: 8.98%
Net Change: +0.61%
Category Total8.98%
Total Holding8.98%
Net Change+0.61%
Not Fully Disclosed

⚠️Partial Disclosure Notice

Individual institutions below total 1.05%, but category aggregate is 8.98%. Some institutions may not be disclosed by the company as per regulatory requirements.

Institution Name
Trend (Last 6)
Holding %
QoQ Change
YoY ChangePeriod
HOOD RIVER INTERNATIONAL OPPORTUNITY FUND
1.05%
1.05%
+1.05%
Sep 2026
Wasatch Emerging India Fund
0.00%
0.00%
0.00%
Sep 2026
LOS ANGELES CITY EMPLOYEES RETIREMENT SYSTEM
0.00%
0.00%
0.00%
Sep 2026
Peers

KRN HEAT EXCHANGE N REF L peer comparison — same-sector benchmarks.

Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — KRN HEAT EXCHANGE N REF L is highlighted for quick read-across.

Quick Compare

Largest by Market Cap
PTC INDUSTRIES
₹38,093.89 Cr
Best Profit Growth
PTC INDUSTRIES
462.52 %
Highest Dividend Yield
ESAB INDIA
1.85 %
09 · Chart Patterns

KRN HEAT EXCHANGE N REF L chart patterns: breakouts, tops and bottoms.

Auto-detected classical chart patterns for KRN HEAT EXCHANGE N REF L — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.

Delivery Conviction

KRN HEAT EXCHANGE N REF L delivery volume — last 20 sessions of conviction.

Daily traded volume and delivery percentage for KRN HEAT EXCHANGE N REF L over 20 sessions — the gap between intraday flipping and genuine accumulation.

Latest session delivery in KRN HEAT EXCHANGE N REF L stood at 46.7% of traded volume, against a 20-day average of 55.2%.

Avg Delivery (20D)55.2%-8.4 ppt latest vs avg
Highest Delivery72.6%on 15 Sept
Avg Volume (20D)2.32 L20-day run-rate
Conviction Trend↓ Weakening-8.4 ppt latest read
Volume & Delivery · last 20 sessions
Exchange Filings & Investor Updates

KRN HEAT EXCHANGE N REF L announcements: results, concalls, ratings, M&A.

Filings KRN HEAT EXCHANGE N REF L sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.

KRN HEAT EXCHANGE N REF L files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 194 documents below.

  1. 06 Oct 2026Certificate under SEBI (Depositories and Participants) Regulations, 2018View PDF

    Certificate under SEBI (Depositories and Participants) Regulations, 2018

    KRN Heat Exchanger and Refrigeration Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

  2. 26 Sept 2026Trading WindowView PDF

    Trading Window

    KRN Heat Exchanger and Refrigeration Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider…

  3. 26 Sept 2026Shareholders meetingView PDF

    Shareholders meeting

    KRN Heat Exchanger and Refrigeration Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25,…

  4. 25 Sept 2026Shareholders meetingView PDF

    Shareholders meeting

    KRN Heat Exchanger and Refrigeration Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 25, 2026

  5. 24 Sept 2026Analysts/Institutional Investor Meet/Con. Call UpdatesView PDF

    Analysts/Institutional Investor Meet/Con. Call Updates

    KRN Heat Exchanger and Refrigeration Limited has informed the Exchange about Schedule of meet

Corporate Actions

KRN HEAT EXCHANGE N REF L dividend history, splits and bonus issues.

Every dividend, stock split and bonus issue KRN HEAT EXCHANGE N REF L has declared, sequenced by announce and record date.

KRN HEAT EXCHANGE N REF L corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.

About the Company

About KRN HEAT EXCHANGE N REF L: business, sector, key facts.

What KRN HEAT EXCHANGE N REF L does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.

KRN HEAT EXCHANGE N REF L operates in the Other Industrial Products industry under the Capital Goods sector, listed as NSE: KRN, BSE: 544263.

KRN
Capital Goods

KRN HEAT EXCHANGE N REF L

NSE · KRN·BSE · 544263·krnheatexchanger.com

KRN Heat Exchanger and Refrigeration Limited is a manufacturer and supplier of heat exchangers primarily utilized in the heating, ventilation, air conditioning, and refrigeration (HVAC&R) sector. Their core product line consists of fin and tube-type heat exchangers constructed from aluminum and copper. This specialization positions them within a niche market demanding high-quality, efficient components for a range of applications.

The company's product portfolio encompasses a wide array of heat exchanger types tailored to diverse HVAC&R needs. This includes condenser coils, crucial for releasing heat from refrigerant systems; evaporator units and coils, responsible for absorbing heat; header/copper parts, which serve as critical connecting components; fluid and steam coils, used for heating and cooling various fluids; condensing and air-cooling units, offering complete systems for specific applications; and sheet metal parts, essential for the structural integrity and functionality of their larger assemblies. This comprehensive offering allows KRN to cater to a broad spectrum of customer requirements within the industry.

KRN's geographical reach extends beyond its base in Neemrana, India, to encompass a significant international presence. Their operations span across the rest of Asia, Europe, and North America, indicating a commitment to global market penetration and a diverse customer base. This broad geographic reach suggests a robust distribution network and a capability to serve clients with varying needs and specifications across different continents.

Established in 2017, KRN is a relatively young company in the heat exchanger industry. However, their established product range, international reach, and focus on a critical component within the HVAC&R sector suggests a rapid growth trajectory. Their ability to offer a comprehensive suite of products, from individual components to integrated units, indicates a strategic approach aimed at providing comprehensive solutions to their clients rather than simply supplying individual parts.

company facts
Employees208
SectorCapital Goods
HeadquartersAlwar, RAJASTHAN, IN
Market Cap₹9,357.29 Cr.
Listed OnNATIONAL STOCK EXCHANGE OF INDIA
leadership19 on record
Mr. Basti Ram Yadav
Senior GM of Process Engineering & Maintenance
Mr. Deepak Batheja
Non-Executive Independent Director
Mr. . Devender
President of Sales (food & non-food)
Mr. Dushyant Kumar
Deputy Manager of HR & Admin
Mr. Dushyant Kumar
Manager of HR & Admin
Mr. Jitendra Kumar Sharma
Company Secretary & Compliance Officer
Mr. Ketan Sharma
Non-Executive Independent Director
Mr. Manohar Lal
Non-Executive Director
Mr. Pawan Nawal
Chief Financial Officer
Mr. . Pragnesh
President of Sales (Export)
Mr. Praveen Kumar
Company Secretary, Compliance Officer
Mr. Santosh Kumar Yadav
Chairman & MD
§ ∞ · Plainly Answered

Questions investors ask about KRN HEAT EXCHANGE N REF L (KRN).

Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.

01What is the current share price of KRN HEAT EXCHANGE N REF L (KRN)?

The current share price of KRN HEAT EXCHANGE N REF L (KRN) is ₹1,426.80. Today, the stock has gained by ₹40.70 (2.94%), trading in a range of ₹1,393.70 to ₹1,448.70. The stock opened at ₹1,397.00 with a trading volume of 1,09,488 shares.

02Is KRN HEAT EXCHANGE N REF L stock a good investment for long-term?

KRN HEAT EXCHANGE N REF L can be considered for long-term investment based on several factors. The company has a market capitalization of ₹9,357.29 Cr., P/E ratio of 90.82, ROE of 13.32%, and ROCE of 10.79%. The dividend yield stands at 0%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.

03What is the 52-week high and low price of KRN HEAT EXCHANGE N REF L stock?

The 52-week high price of KRN HEAT EXCHANGE N REF L (KRN) is ₹1,687.00, while the 52-week low is ₹589.80. Currently trading at ₹1,426.80, the stock is 141.91% above its 52-week low and 15.42% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.

04Should I buy KRN HEAT EXCHANGE N REF L stock at the current price?

Whether to buy KRN HEAT EXCHANGE N REF L stock at ₹1,426.80 depends on multiple factors. The stock is currently trading with a P/E ratio of 90.82 and P/B ratio of 15.08. Today's performance shows a gain of 2.94%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.

05What is the dividend yield of KRN HEAT EXCHANGE N REF L and when is the next dividend?

KRN HEAT EXCHANGE N REF L offers a dividend yield of 0%, which means for every ₹100 invested at the current price of ₹1,426.80, you can expect to receive approximately ₹0.00 annually as dividends. The face value of the stock is ₹9.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.

06What are the key financial ratios and metrics of KRN HEAT EXCHANGE N REF L?

KRN HEAT EXCHANGE N REF L's key financial metrics include: P/E Ratio: 90.82, P/B Ratio: 15.08, ROE: 13.32%, ROCE: 10.79%, Dividend Yield: 0%, EPS: ₹5.03, Book Value: ₹87.69, and Debt-to-Equity: 0.33. The company's market cap stands at ₹9,357.29 Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.

07How is KRN HEAT EXCHANGE N REF L stock performing today in the market?

KRN HEAT EXCHANGE N REF L stock opened at ₹1,397.00 and is currently trading at ₹1,426.80, showing a gain of ₹40.70 (2.94%). The intraday high is ₹1,448.70 and low is ₹1,393.70. The trading volume stands at 1,09,488 shares, indicating moderate market participation today.

08What is the P/E ratio of KRN HEAT EXCHANGE N REF L and what does it indicate?

KRN HEAT EXCHANGE N REF L has a Price-to-Earnings (P/E) ratio of 90.82, which means investors are willing to pay 90.82 for every ₹1 of earnings. With an EPS of ₹5.03, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.

Disclaimer

The data, ratios and commentary about KRN HEAT EXCHANGE N REF L (KRN) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.