Krn Heat Exchanger and Refrigeration Limited (IN:KRN)
:KRN
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Krn Heat Exchanger and Refrigeration Limited
(KRN)
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Rating:52Neutral
Price Target:
₹1,125.00
▼(-11.42% Downside)
Action:N/A
Date:05/24/26
The score is held back primarily by weak cash conversion (negative operating and free cash flow) and higher leverage despite strong reported growth and solid margins. Technicals are mixed with near-term weakness but longer-term trend support, while a high P/E adds valuation risk.
Positive Factors
Rapid Revenue Growth
Sustained double‑digit top‑line expansion (FY2026 revenue +112% YoY) indicates strong demand traction and widening market penetration. Durable revenue momentum supports scale advantages, product adoption and room to amortize fixed costs over coming quarters.
Negative Factors
Negative Cash Conversion
Operating and free cash flows are deeply negative, showing profits are not converting to cash. Persistent negative conversion increases dependency on external funding, raises execution risk for capex/growth, and can impair long‑term financial flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid Revenue Growth
Sustained double‑digit top‑line expansion (FY2026 revenue +112% YoY) indicates strong demand traction and widening market penetration. Durable revenue momentum supports scale advantages, product adoption and room to amortize fixed costs over coming quarters.
Read all positive factors
Krn Heat Exchanger and Refrigeration Limited (KRN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹76.49B
Dividend YieldN/A
Average Volume (3M)16.09K
Price to Earnings (P/E)95.6
Beta (1Y)1.70
Revenue Growth39.60%
EPS Growth44.52%
CountryIN
Employees208
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)5.46
Shares Outstanding65,458,490
10 Day Avg. Volume21,529
30 Day Avg. Volume16,093
Financial Highlights & Ratios
PEG Ratio2.77
Price to Book (P/B)9.66
Price to Sales (P/S)9.24
P/FCF Ratio-15.34
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)22.9
Revenue Forecast (FY)₹11.50B
Krn Heat Exchanger and Refrigeration Limited Business Overview & Revenue Model
Company Description
KRN Heat Exchanger & Refrigeration Limited functions as a vital supplier for original equipment manufacturers (OEMs) operating within the heating, ventilation, air conditioning, and refrigeration (HVAC&R) sectors. The company is dedicated to devel...
How the Company Makes Money
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Krn Heat Exchanger and Refrigeration Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
70
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2025 | Mar 2025 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 2.83B | 6.00B | 4.29B |
| Gross Profit | 559.05M | 1.88B | 1.01B |
| EBITDA | 552.62M | 1.23B | 817.56M |
| Net Income | 328.88M | 764.67M | 528.75M |
Balance Sheet | |||
| Total Assets | 7.29B | 9.32B | 5.95B |
| Cash, Cash Equivalents and Short-Term Investments | 722.89M | 472.35M | 1.51B |
| Total Debt | 304.71M | 1.87B | 334.67M |
| Total Liabilities | 2.00B | 3.58B | 964.80M |
| Stockholders Equity | 5.28B | 5.74B | 4.99B |
Cash Flow | |||
| Free Cash Flow | -2.16B | -3.61B | -1.26B |
| Operating Cash Flow | 436.71M | -1.14B | 251.54M |
| Investing Cash Flow | -3.06B | -341.63M | -2.86B |
| Financing Cash Flow | -774.46M | 1.48B | 2.61B |
Krn Heat Exchanger and Refrigeration Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹1.56T | 157.97 | ― | 0.03% | 27.61% | 150.52% | |
73 Outperform | ₹231.70B | 72.31 | ― | 0.20% | 27.28% | 76.63% | |
70 Outperform | ₹19.64B | 24.02 | ― | ― | 7.61% | 258.14% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | ₹107.24B | 94.94 | ― | ― | 45.99% | 76.41% | |
53 Neutral | ₹134.31B | 68.38 | ― | 0.08% | 8.59% | -34.34% | |
52 Neutral | ₹76.49B | 95.60 | ― | ― | 39.60% | 44.52% |
* Technology Sector Average
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Krn Heat Exchanger and Refrigeration Limited Corporate Events
KRN Heat Exchanger and Refrigeration Affirms Leadership Continuity at Virtual EGM
Apr 15, 2026
KRN Heat Exchanger and Refrigeration Limited held an Extraordinary General Meeting on April 15, 2026 via video conferencing in line with MCA and SEBI guidelines, enabling shareholders to participate and vote electronically. The meeting reviewed co...
KRN Heat Exchanger Calls April EGM to Confirm Managing Director’s Reappointment
Mar 20, 2026
KRN Heat Exchanger and Refrigeration Limited has called an extraordinary general meeting for April 15, 2026, to be held via video conferencing in line with Indian corporate and securities regulations. The company has set April 8, 2026, as the cut-...
KRN Heat Exchanger Schedules Investor and Analyst Meetings for March 6
Mar 2, 2026
KRN Heat Exchanger and Refrigeration Limited has announced a scheduled series of interactions with investors and analysts in compliance with SEBI’s listing and disclosure regulations. On March 6, 2026, company officials will host a physical ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.