KRN HEAT EXCHANGE N REF L (KRN) financials

KRN HEAT EXCHANGE N REF L (KRN) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

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: ₹7,460Cr.
Current Price: ₹1,140
Stock P/E: 100
ROE: 13.3%
ROCE: 16.0%
Book Value: ₹91.2
Dividend Yield: 0.00%
52W High / Low: ₹1,687/590

In Jun 2026, KRN HEAT EXCHANGE N REF L (KRN) reported sales ₹182 Cr and net profit ₹19 Cr.

Annual TTM: sales ₹744 Cr, net profit ₹74 Cr.

Shareholding: Promoters 65.69% (Sep 2026), FIIs 8.98% (Sep 2026), DIIs 7.98% (Sep 2026), Public 17.35% (Sep 2026), No. of Shareholders 97,166% (Sep 2026).

KRN quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	99	104	131	114	223	136	202	182
Expenses	81	88	111	95	194	119	184	157
Operating Profit	18	16	20	20	30	17	18	25
OPM %	18%	16%	15%	17%	13%	13%	9%	14%
Other Income	2	3	1	3	4	5	3	2
Interest	1	0	1	1	1	1	1	1
Depreciation	1	1	1	1	1	1	1	1
Profit before tax	17	18	20	21	32	20	19	25
Tax %	29%	30%	30%	25%	25%	25%	10%	25%
Net Profit	12	13	14	16	24	15	17	19
EPS in Rs	1.95	2.04	2.21	2.52	3.81	2.43	2.71	2.85
Raw PDF	—	—	—	—	—	—	—	—

KRN profit and loss (₹ Cr.)
Category	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	76	156	246	307	431	676	744
Expenses	70	139	197	248	360	591	654
Operating Profit	5	17	49	59	71	85	90
OPM %	7%	11%	20%	19%	16%	13%	12%
Other Income	1	2	2	5	7	14	14
Interest	1	2	3	4	3	4	5
Depreciation	2	3	3	4	4	3	3
Profit before tax	3	15	46	56	71	92	96
Tax %	27%	29%	29%	29%	30%	22%	—
Net Profit	2	11	32	40	50	71	74
EPS in Rs	0.56	2.41	7.34	8.64	8.07	11.47	11.80
Dividend Payout %	0%	0%	0%	0%	0%	0%	—

KRN balance sheet (₹ Cr.)
Category	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4	4	44	46	62	62
Reserves	9	21	16	85	434	505
Borrowings	17	22	37	60	33	91
Other Liabilities	23	45	53	39	60	65
Total Liabilities	52	93	149	230	590	723
Fixed Assets	21	21	32	27	26	23
CWIP	0	0	0	1	0	0
Investments	0	0	0	5	251	351
Other Assets	31	71	117	197	313	349
Total Assets	52	93	149	230	590	723

KRN cash flows (₹ Cr.)
Category	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-1	4	5	-9	19	14
Cash from Investing Activity	-13	-3	-14	-1	-272	-95
Cash from Financing Activity	9	3	11	14	244	83
Net Cash Flow	-5	5	2	3	-9	1
Free Cash Flow	-14	2	-9	-9	17	14
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	-10%	52%	37%	9%	56%	39%

KRN shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	70.79%	70.79%	70.79%	70.79%	70.79%	70.79%	65.69%	65.69%
FIIs	1.98%	1.21%	2.35%	5.46%	5.31%	6.66%	8.86%	8.98%
DIIs	8.18%	6.28%	6.06%	6.21%	6.35%	6.39%	8.33%	7.98%
Public	19.05%	21.72%	20.80%	17.53%	17.56%	16.16%	17.13%	17.35%
No. of Shareholders	73,898	85,306	82,769	75,244	83,766	83,713	91,234	97,166

KRN key ratios
Category	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	84	70	57	62	79	102
Inventory Days	33	63	114	139	108	49
Days Payable	129	120	102	59	60	39
Cash Conversion Cycle	-11	14	69	142	127	112
Working Capital Days	-17	3	42	108	159	86
ROCE %	—	42%	67%	42%	21%	16%

KRNUpdated 17 Oct 2026, 5:42

Krn Heat Exchange N Ref L

KRNUpdated 17 Oct 2026, 5:42

Market Cap

₹7,460Cr.

Current Price

₹1,140

High / Low

₹1,687/590

Stock P/E

100

ROE13.3%

ROCE16.0%

Book Value₹91.2

Face Value₹10.0

Dividend Yield0.00%

About

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

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Sep 2023	71	1	58	1	1	12	29	9	1.96
Dec 2023	66	1	54	1	1	11	29	8	1.71
Mar 2024	82	1	64	2	1	18	30	12	2.69
Jun 2024	97	1	80	1	1	16	29	12	2.52
Sep 2024	99	1	81	2	1	17	29	12	1.95
Dec 2024	104	0	88	3	1	18	30	13	2.04
Mar 2025	131	1	111	1	1	20	30	14	2.21
Jun 2025	114	1	95	3	1	21	25	16	2.52
Sep 2025	223	1	194	4	1	32	25	24	3.81
Dec 2025	136	1	119	5	1	20	25	15	2.43
Mar 2026	202	1	184	3	1	19	10	17	2.71
Jun 2026	182	1	157	2	1	25	25	19	2.85

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2021	76	1	70	1	2	3	27	2	0.56
Mar 2022	156	2	139	2	3	15	29	11	2.41
Mar 2023	246	3	197	2	3	46	29	32	7.34
Mar 2024	307	4	248	5	4	56	29	40	8.64
Mar 2025	431	3	360	7	4	71	30	50	8.07
Mar 2026	676	4	591	14	3	92	22	71	11.47
TTM	744	5	654	14	3	96	—	74	11.8

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	65.69%
FIIs	8.98%
DIIs	7.98%
Public	17.35%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Sep 2024	70.79%	4.05%	7.46%	17.69%
Dec 2024	70.79%	1.98%	8.18%	19.05%
Mar 2025	70.79%	1.21%	6.28%	21.72%
Jun 2025	70.79%	2.35%	6.06%	20.8%
Sep 2025	70.79%	5.46%	6.21%	17.53%
Dec 2025	70.79%	5.31%	6.35%	17.56%
Mar 2026	70.79%	6.66%	6.39%	16.16%
Jun 2026	65.69%	8.86%	8.33%	17.13%
Sep 2026	65.69%	8.98%	7.98%	17.35%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2021	4	9	17	23	52	21	0	0	31	52
Mar 2022	4	21	22	45	93	21	0	0	71	93
Mar 2023	44	16	37	53	149	32	0	0	117	149
Mar 2024	46	85	60	39	230	27	1	5	197	230
Mar 2025	62	434	33	60	590	26	0	251	313	590
Mar 2026	62	505	91	65	723	23	0	351	349	723

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2021	-1	-13	9	-5
Mar 2022	4	-3	3	5
Mar 2023	5	-14	11	2
Mar 2024	-9	-1	14	3
Mar 2025	19	-272	244	-9
Mar 2026	14	-95	83	1

Key ratios

Historical financial ratios

Category	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	84	70	57	62	79	102
Inventory Days	33	63	114	139	108	49
Days Payable	129	120	102	59	60	39
Cash Conversion Cycle	-11	14	69	142	127	112
Working Capital Days	-17	3	42	108	159	86
ROCE %	—	42%	67%	42%	21%	16%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of KRN HEAT EXCHANGE N REF L (KRN)?

The reported market capitalisation for KRN HEAT EXCHANGE N REF L (KRN) is ₹7,460Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of KRN?

The current price shown for KRN HEAT EXCHANGE N REF L (KRN) on Fincrux is ₹1,140 with a 52-week high/low of ₹1,687/590.

What is the P/E ratio of KRN HEAT EXCHANGE N REF L (KRN)?

The stock P/E for KRN HEAT EXCHANGE N REF L (KRN) is 100 on Fincrux, with ROE at 13.3% and ROCE at 16.0%.

What were KRN latest quarterly results?

For Jun 2026, KRN HEAT EXCHANGE N REF L (KRN) reported sales ₹182 Cr and net profit ₹19 Cr (figures in ₹ crore unless noted).

What are KRN annual sales and net profit?

For TTM, KRN HEAT EXCHANGE N REF L (KRN) shows sales of ₹744 Cr and net profit of ₹74 Cr on the Fincrux profit & loss statement.

Who owns KRN HEAT EXCHANGE N REF L (KRN)?

Latest shareholding for KRN HEAT EXCHANGE N REF L (KRN) on Fincrux: Promoters 65.69% (Sep 2026), FIIs 8.98% (Sep 2026), DIIs 7.98% (Sep 2026), Public 17.35% (Sep 2026), No. of Shareholders 97,166% (Sep 2026).

Where can I find KRN HEAT EXCHANGE N REF L (KRN) financials?

KRN HEAT EXCHANGE N REF L (KRN) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show KRN balance sheet and cash flow?

Yes. The KRN HEAT EXCHANGE N REF L (KRN) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 17 October 2026 at 5:42