₹1,249.9
▼ -40.65 -3.15%
18 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:₹589.8₹1,405
Key Ratios
Checked 18h agoMarket 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
2025-07-172026-07-16
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
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 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)
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 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 |
| EPS | 5.6 | 2.41 | 7.34 | 8.69 | 9.75 |
Balance Sheet
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 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
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 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.
| Period | Jan 2024 | Mar 2024 | Sept 2024 | Oct 2024 | Oct 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 95.4% | 95.4% | 70.8% | 70.8% | 70.8% | 70.8% | 70.8% | 70.8% | 70.8% | 70.8% | 70.8% | 65.7% |
| FIIs | 0% | 0% | 4.1% | 4.1% | 4.1% | 2% | 1.2% | 2.3% | 5.5% | 5.3% | 6.7% | 8.9% |
| DIIs | 0% | 0% | 7.5% | 7.5% | 3.8% | 8.2% | 6.3% | 6.1% | 6.2% | 6.4% | 6.4% | 8.3% |
| Public | 4.6% | 4.6% | 17.7% | 17.7% | 21.4% | 19% | 21.7% | 20.8% | 17.5% | 17.6% | 16.2% | 17.1% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 147 | 148 | 87,558 | 87,558 | 87,558 | 73,898 | 85,306 | 82,769 | 75,244 | 83,766 | 83,713 | 91,234 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Anju Devi | Shareholding of Promoter and Promoter Group | 35.4% | 2.32 Cr |
| Santosh Kumar Yadav | Shareholding of Promoter and Promoter Group | 30.3% | 1.98 Cr |
| Vq Fastercap Fund | Public Shareholding | 2.4% | 15,78,798 |
| Whiteoak Capital Special Opportunities Fund | Public Shareholding | 2.1% | 13,69,881 |
| Mukul Mahavir Agrawal | Public Shareholding | 1.5% | 10,00,000 |
| Hood River International Opportunity Fund | Public Shareholding | 1.1% | 6,86,560 |
| Manohar Lal | Shareholding of Promoter and Promoter Group | 0% | 10 |
| Komal Yadav | Shareholding of Promoter and Promoter Group | 0% | 10 |
| Yashpal Yadav | Shareholding of Promoter and Promoter Group | 0% | 10 |
| Balbir Singh | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Kamla Devi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Maya Rani | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Neelam Yadav | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Rakesh Kumar Yadav | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Seema Devi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Somwati Devi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Sudesh Devi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Arti Yadav | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Ridham Yadav | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Naisha Yadav | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Late Chander Singh | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Krncoils Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Santosh Kumar Yadav | 0 | 0% | 2026-06-30 |
| Anju Devi | 0 | 0% | 2026-06-30 |
| Manohar Lal | 0 | 0% | 2026-06-30 |
| Komal Yadav | 0 | 0% | 2026-06-30 |
| Yashpal Yadav | 0 | 0% | 2026-06-30 |
| Balbir Singh | 0 | 0% | 2026-06-30 |
| Kamla Devi | 0 | 0% | 2026-06-30 |
| Maya Rani | 0 | 0% | 2026-06-30 |
| Neelam Yadav | 0 | 0% | 2026-06-30 |
| Rakesh Kumar Yadav | 0 | 0% | 2026-06-30 |
| Seema Devi | 0 | 0% | 2026-06-30 |
| Somwati Devi | 0 | 0% | 2026-06-30 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Santosh Kumar Yadav | Chairperson & Managing Director | 2025 |
| Anju Devi | WTD & Executive Director | 2025 |
| Manohar Lal | Non-Exec & Non-Independent Dir | 2025 |
| Ketan Sharma | Independent Non Exe. Director | 2025 |
| Deepak Batheja | Independent Non Exe. Director | 2025 |
| Srinivasa Rao Anasingaraju | Independent Non Exe. Director | 2025 |
| Meenakshi Sharma | Independent Non Exe. Director | 2025 |
| JITENDRA KUMAR SHARMA | Company Sec. & Compli. Officer | 2025 |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| India | ₹364 Cr | 84.4% |
| Outside India | ₹67 Cr | 15.6% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹10 | 72 | 62 | 62 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 204 | 0 | 0 | 1 | 0 | 205 |
| 2025 | 183 | 0 | 0 | 0 | 0 | 183 |
| 2025 | 8 | 0 | 0 | 1 | 0 | 10 |
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
🌐 www.krnheatexchanger.com ↗
📍 Plot #F 46 47 48 49 EPIP RIICO, Industrial Area Neemrana, Alwar, Rajasthan, 301705
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