Debut Plus

1,249.9

-40.65 -3.15%

17 Jul 2026

NSE Listed

KRN Heat Exchange N Ref Limited (KRN)

Volume: 1,46,855Avg Vol 1W: 1,13,156.6Avg Vol 1M: 96,838.5552W Range:589.81,405
Market Cap₹8,448 Cr
Current Price₹1,249.9
Previous Close₹1,290.55
High / Low (52w)₹1,405 / ₹589.8
Volume1,46,855
Avg Vol (1W)1,13,156.6
Avg Vol (1M)96,838.55
Stock P/E344.16
Book Value₹141.16
Dividend Yield0%
ROE13.32%
ROA8.21%
Revenue (TTM)₹442 Cr
Revenue Growth39.4%
Profit Margin12.74%
Total Debt₹1 Cr
Shares Outstanding7 Cr
Face Value₹10
EPS (TTM)₹11.68
P/B9.12
Debt / Equity0.19
50 DMA₹1,188.82
200 DMA₹946.44
Day change-3.15%
Price Chart
1,249.9 45.85% · 1Y
13295981.8Cr
2025-07-17
2026-07-16

20-day avg volume: 97K shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 51% YoY.
  • Stock trades at a high P/E of 344.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹96 Cr₹91 Cr₹111 Cr₹132 Cr₹115 Cr₹152 Cr₹153 Cr₹179 Cr
EBITDA₹18 Cr₹18 Cr₹20 Cr₹22 Cr₹19 Cr₹28 Cr₹27 Cr₹29 Cr
Net Profit₹12 Cr₹12 Cr₹14 Cr₹15 Cr₹12 Cr₹18 Cr₹23 Cr₹23 Cr
EPS
Profit & Loss (Annual)
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹77 Cr₹158 Cr₹250 Cr₹314 Cr₹442 Cr
EBITDA₹5 Cr₹17 Cr₹49 Cr₹60 Cr₹78 Cr
Net Profit₹2 Cr₹11 Cr₹32 Cr₹39 Cr₹53 Cr
EPS5.62.417.348.699.75
Balance Sheet
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹52 Cr₹93 Cr₹149 Cr₹258 Cr₹595 Cr
Total Liabilities₹39 Cr₹67 Cr₹89 Cr₹127 Cr₹96 Cr
Equity₹13 Cr₹26 Cr₹60 Cr₹132 Cr₹499 Cr
Total Debt₹11 Cr₹11 Cr₹17 Cr
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹-1 Cr₹9 Cr₹18 Cr₹32 Cr₹43 Cr
Investing₹-13 Cr₹-3 Cr₹-14 Cr₹-64 Cr₹-279 Cr
Financing₹9 Cr₹3 Cr₹11 Cr₹50 Cr₹258 Cr
Free Cash Flow₹-1 Cr₹9 Cr₹18 Cr₹32 Cr₹43 Cr
Shareholding
Promoter 67.22% Institutions 17.01% Public 15.77%
Efficiency & Working Capital
ROCE13.6%
Interest Coverage22.8
Dividend Payout
Debtor Days79 d
Inventory Days81 d
Payable Days47 d
Cash Conversion Cycle113 d
Working Capital Days160 d
Shareholding Details

As of 2026-06-30

Promoter65.7%
FII8.9%
DII8.3%
Institutions17.2%
Public17.1%
Promoter Pledge0%
No. of Shareholders91,234
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodJan 2024Mar 2024Sept 2024Oct 2024Oct 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters95.4%95.4%70.8%70.8%70.8%70.8%70.8%70.8%70.8%70.8%70.8%65.7%
FIIs0%0%4.1%4.1%4.1%2%1.2%2.3%5.5%5.3%6.7%8.9%
DIIs0%0%7.5%7.5%3.8%8.2%6.3%6.1%6.2%6.4%6.4%8.3%
Public4.6%4.6%17.7%17.7%21.4%19%21.7%20.8%17.5%17.6%16.2%17.1%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders14714887,55887,55887,55873,89885,30682,76975,24483,76683,71391,234
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Anju DeviShareholding of Promoter and Promoter Group35.4%2.32 Cr
Santosh Kumar YadavShareholding of Promoter and Promoter Group30.3%1.98 Cr
Vq Fastercap FundPublic Shareholding2.4%15,78,798
Whiteoak Capital Special Opportunities FundPublic Shareholding2.1%13,69,881
Mukul Mahavir AgrawalPublic Shareholding1.5%10,00,000
Hood River International Opportunity FundPublic Shareholding1.1%6,86,560
Manohar LalShareholding of Promoter and Promoter Group0%10
Komal YadavShareholding of Promoter and Promoter Group0%10
Yashpal YadavShareholding of Promoter and Promoter Group0%10
Balbir SinghShareholding of Promoter and Promoter Group0%0
Kamla DeviShareholding of Promoter and Promoter Group0%0
Maya RaniShareholding of Promoter and Promoter Group0%0
Neelam YadavShareholding of Promoter and Promoter Group0%0
Rakesh Kumar YadavShareholding of Promoter and Promoter Group0%0
Seema DeviShareholding of Promoter and Promoter Group0%0
Somwati DeviShareholding of Promoter and Promoter Group0%0
Sudesh DeviShareholding of Promoter and Promoter Group0%0
Arti YadavShareholding of Promoter and Promoter Group0%0
Ridham YadavShareholding of Promoter and Promoter Group0%0
Naisha YadavShareholding of Promoter and Promoter Group0%0
Late Chander SinghShareholding of Promoter and Promoter Group0%0
Krncoils Private LimitedShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Santosh Kumar Yadav00%2026-06-30
Anju Devi00%2026-06-30
Manohar Lal00%2026-06-30
Komal Yadav00%2026-06-30
Yashpal Yadav00%2026-06-30
Balbir Singh00%2026-06-30
Kamla Devi00%2026-06-30
Maya Rani00%2026-06-30
Neelam Yadav00%2026-06-30
Rakesh Kumar Yadav00%2026-06-30
Seema Devi00%2026-06-30
Somwati Devi00%2026-06-30
Board of Directors
NameDesignationYear
Santosh Kumar YadavChairperson & Managing Director2025
Anju DeviWTD & Executive Director2025
Manohar LalNon-Exec & Non-Independent Dir2025
Ketan SharmaIndependent Non Exe. Director2025
Deepak BathejaIndependent Non Exe. Director2025
Srinivasa Rao AnasingarajuIndependent Non Exe. Director2025
Meenakshi SharmaIndependent Non Exe. Director2025
JITENDRA KUMAR SHARMACompany Sec. & Compli. Officer2025
Segments — Geography
RegionRevenueShare
India₹364 Cr84.4%
Outside India₹67 Cr15.6%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10726262
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20252040010205
20251830000183
20258001010
Insider / Designated-Person Trades

2 recent disclosure(s)

Santosh Kumar YadavDisposal · 5,00,000
Anju DeviDisposal · 5,00,000
Substantial Acquisitions (SAST)

1 disclosure(s)

Market09/06/2026 · 10,00,000
Company Information
Incorporated2017
ChairmanSantosh Kumar Yadav
AuditorKeyur Shah & Co
Investor Email[email protected]
🌐 www.krnheatexchanger.com

📍 Plot #F 46 47 48 49 EPIP RIICO, Industrial Area Neemrana, Alwar, Rajasthan, 301705

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