KRN Heat Exchanger and Refrigeration LimitedKRNCorporate

Engineering Latest results: Jun 2026 12 quarters of data

₹1,139.60

MCap ₹7,460 Cr · P/E 77.0

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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.

₹252 Cr

Sales · Jun 2026

+118.9% YoY

₹49 Cr

Operating Profit · Jun 2026

+178.9% YoY

19.4%

OPM % · Jun 2026

+26.8% YoY

₹33 Cr

Net Profit · Jun 2026

+164.8% YoY

₹5.20

EPS · Jun 2026

+160.0% YoY

📝 KRN Heat Exchanger and Refrigeration Limited — results explained

Quarter ended June 2026 (Q1 FY27)

KRN Heat Exchanger and Refrigeration Limited reported revenue of ₹252 crore for the quarter ended June 2026 (Q1 FY27), up 118.9% from ₹115 crore in the same quarter last year, and up 40.6% sequentially over the March 2026 quarter.

Net profit rose 164.8% year-on-year to ₹33 crore, from ₹12 crore. Earnings per share (EPS) came in at ₹5.20.

Operating profit stood at ₹49 crore — an operating margin (OPM) of 19.4%, compared with 15.3% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, KRN Heat Exchanger and Refrigeration Limited posted revenue of ₹600 crore, a growth of 39.7% over FY25, with a net profit of ₹76 crore (up 44.6% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹737 crore with a net profit of ₹97 crore.

Valuation snapshot

At the current price of ₹1,139.60, KRN has a market capitalisation of ₹7,460 crore and a trailing P/E of about 77.0.

Within the Engineering industry, it is the 6th-largest of the 57 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 65.69%, foreign institutional investors (FIIs) 8.98%, domestic institutional investors (DIIs) 7.98%, public shareholders 17.35% of KRN Heat Exchanger and Refrigeration Limited.

Promoter holding slipped from 67.22% to 65.69% over the latest period.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹7,460 Cr

Current Price ?

₹1,139.6

P/E ?

76.97above ind

Industry P/E ?

35.10

P/B ?

13.00

P/S ?

10.12

P/FCF ?

-23.91

Enterprise Value ?

₹7,647 Cr

EV/EBITDA ?

53.22

PEG ?

N/A

Earnings Yield ?

1.5%

Dividend Yield ?

0.00%

Profitability & Returns

Sales (TTM) ?

₹737 Cr

OPM ?

19.5%

Profit after tax (TTM) ?

₹97 Cr

EPS (TTM) ?

₹14.81

ROCE ?

16.0%

ROE ?

16.9%

ROA ?

10.4%

Growth

Sales — latest qtr ?

₹252 Cr

PAT — latest qtr ?

₹33 Cr

YoY qtr sales growth ?

118.9%

YoY qtr profit growth ?

164.8%

Sales growth (3y) ?

N/A

Sales growth (5y) ?

N/A

Profit growth (3y) ?

N/A

Profit growth (5y) ?

N/A

Financial Health

Debt ?

₹187 Cr

Debt to Equity ?

0.33

Interest Coverage ?

13.8

Current Ratio ?

N/A

Ownership

Promoter holding ?

65.69%

Change in promoter holding ?

-5.10%

Pledged percentage ?

N/A

Market

Return 3 months ?

-8.8%

Return 6 months ?

-10.3%

🗓️ Quarterly results (12 quarters · ₹ Cr)

same fiscal quarter as Jun bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	YoY %	QoQ %
Sales	71	66	82	96	91	111	132	115	152	153	179	252	+118.9%	+40.6%
Operating Profit	13	12	18	18	18	16	19	18	30	31	34	49	+178.9%	+46.2%
Other Income	1	1	2	1	1	5	4	4	2	2	2	3	-22.3%	+45.0%
Interest	1	1	1	1	1	0	1	1	2	2	3	3	+337.3%	+15.2%
Depreciation	1	1	1	1	1	1	1	2	7	6	6	6	+196.0%	+8.3%
Profit Before Tax	12	11	17	17	17	19	21	18	45	26	27	42	+131.5%	+57.7%
Net Profit	9	8	12	12	12	14	15	12	18	23	23	33	+164.8%	+40.8%
EPS	1.96	1.71	2.61	2.59	1.98	2.21	2.39	2.00	2.90	3.65	3.75	5.20	+160.0%	+38.7%
OPM %	18.3%	18.2%	22.0%	18.8%	19.8%	14.4%	14.4%	15.3%	19.7%	20.3%	18.7%	19.4%	+26.8%	+3.7%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric	FY25	FY26	TTM	YoY %
Sales	₹430 Cr	₹600 Cr	₹737 Cr	+39.7%
Operating Profit	₹71 Cr	₹112 Cr	₹144 Cr	+58.3%
OPM %	16.51%	18.70%	19.50%	+13.3%
NPM %	12.31%	12.74%	13.15%	+3.5%
Other Income	₹11 Cr	₹9 Cr	₹9 Cr	-17.4%
Depreciation	₹4 Cr	₹21 Cr	₹25 Cr	+400.8%
Interest	₹3 Cr	₹7 Cr	₹9 Cr	+125.9%
EBIT	₹67 Cr	₹91 Cr	₹118 Cr	+36.8%
PBT	₹74 Cr	₹116 Cr	₹140 Cr	+56.8%
Tax	₹6 Cr	₹13 Cr	₹16 Cr	+101.0%
Net Profit	₹53 Cr	₹76 Cr	₹97 Cr	+44.6%
EPS	₹9.17	₹12.30	₹15.50	+34.1%
Material Cost	₹102 Cr	₹338 Cr	₹421 Cr	+233.3%
Employee Cost	₹7 Cr	₹31 Cr	₹43 Cr	+352.2%
Extraordinary Items	—	₹0 Cr	₹0 Cr	—

🏛️ Balance Sheet (latest 3 periods)

Metric	Mar 2024	Mar 2025	Mar 2026	% Chg
Equity Capital	46	62	62	+0.0%
Reserves	84	436	512	+17.4%
Borrowings	87	33	187	+466.7%
Other Liabilities	40	63	171	+171.4%
Total Liabilities	257	595	932	+56.6%
Fixed Assets	82	85	314	+269.4%
CWIP	4	82	33	-59.8%
Investments	0	0	0	—
Other Assets	171	428	585	+36.7%
Total Assets	257	595	932	+56.6%

💧 Cash Flow (latest 3 periods)

Metric	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	17	21	-114	-642.9%
Cash from Investing Activity	-64	-279	-34	+87.8%
Cash from Financing Activity	50	258	148	-42.6%
Net Cash Flow	3	-0	-0	—
Free Cash Flow	-41	-65	-312	-380.0%
CFO/OP	54%	61%	-82%	-234.4%

➗ Ratios (latest 3 periods)

Metric	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	62	79	106	+34.2%
Inventory Days	139	110	242	+120.0%
Days Payable	60	63	140	+122.2%
Cash Conversion Cycle	141	125	208	+66.4%
Working Capital Days	62	153	110	-28.1%
ROCE %	—	21%	16%	-23.8%

👥 Shareholding (latest 5 periods)

Metric	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026	% Chg
Promoters	70.79%	70.79%	70.79%	67.22%	65.69%	-2.3%
FIIs	5.46%	5.31%	6.66%	8.37%	8.98%	+7.3%
DIIs	6.21%	6.35%	6.39%	8.64%	7.98%	-7.6%
Public	17.53%	17.56%	16.16%	15.76%	17.35%	+10.1%
No. of Shareholders	75,244	83,766	83,713	91,959	97,166	+5.7%

⚖️ Peer comparison

Industry: Engineering · top 25 of 57 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	MTARTECH Mtar Technologies	₹7,039.50	21,653	161.6	1,080	134	21.1%	12.4%	29.7%	77.1%	130.4%	364.5%
2	AZAD Azad Engineering	₹2,808.60	18,138	130.7	639	139	37.6%	21.8%	31.9%	54.2%	25.9%	19.5%
3	ACE Action Construction	₹1,131.00	13,462	30.8	3,414	437	15.5%	12.8%	-1.4%	1.5%	20.5%	22.3%
4	LLOYDSENGG LLOYDS ENGINEERING	₹81.61	12,646	80.5	1,234	144	14.0%	11.7%	39.4%	18.7%	104.0%	146.6%
5	TITAGARH TITAGARH RAIL	₹837.75	11,282	58.9	3,271	192	11.1%	5.9%	-17.6%	-38.1%	12.6%	69.9%
6	KRN KRN Heat	₹1,414.00	9,256	91.2	737	97	19.5%	13.2%	39.7%	44.6%	118.9%	164.8%
7	ELECON Elecon Engineering	₹407.35	9,141	37.3	2,457	245	21.3%	10.0%	6.2%	-17.8%	10.5%	9.8%
8	DYNAMATECH Dynamatic Technologies	₹12,004.00	8,152	187.5	1,675	43	11.9%	2.6%	15.6%	-23.8%	14.5%	93.0%
9	SKIPPER Skipper	₹534.55	6,530	26.9	5,609	225	10.4%	4.0%	20.1%	42.7%	4.5%	25.5%
10	GMMPFAUDLR GMM Pfaudler	₹1,335.00	6,002	82.3	3,655	68	10.8%	1.8%	10.2%	4.5%	16.4%	117.7%
11	PRAJIND Praj Industries	₹309.00	5,680	188.4	3,244	31	4.8%	1.0%	-1.8%	-88.9%	11.8%	124.7%
12	TEXRAIL Texmaco Rail	₹109.88	4,471	20.7	4,223	214	8.7%	5.1%	-10.9%	-14.1%	-16.9%	70.7%
13	SHANTIGEAR Shanthi Gears	₹552.20	4,238	66.5	499	64	17.8%	12.7%	-14.3%	-20.2%	-14.4%	-56.6%
14	PITTIENG Pitti Engineering	₹1,122.80	4,145	33.8	1,818	125	18.0%	6.9%	7.2%	-3.9%	15.8%	28.3%
15	JASH Jash Engineering	₹586.00	3,686	39.2	708	94	17.2%	13.3%	0.3%	-12.6%	-23.0%	367.7%
16	UNIPARTS Uniparts India	₹776.85	3,505	19.4	1,244	180	22.3%	14.5%	21.5%	79.5%	26.9%	64.3%
17	ANUP Anup Engineering	₹1,641.20	3,288	39.5	739	83	18.7%	11.2%	11.6%	-8.2%	-30.4%	-95.7%
18	HLEGLAS HLE Glascoat	₹469.20	3,259	59.1	1,370	41	9.0%	3.0%	31.7%	-8.4%	5.9%	-88.5%
19	WINDMACHIN Windsor Machines	₹296.90	3,072	375.8	606	7	4.9%	1.1%	54.7%	10.0%	31.4%	91.4%
20	KABRAEXTRU Kabra Extrusion	₹676.00	2,364	n/m	576	4	4.9%	0.7%	-5.4%	-116.7%	64.2%	1102.8%
21	THEJO Thejo Engineering	₹2,173.40	2,358	40.5	674	55	13.2%	8.1%	14.3%	-5.8%	31.0%	56.1%
22	HMT HMT	₹64.38	2,289	—	147	-132	-76.8%	-89.8%	0.3%	8.3%	16.0%	-3.6%
23	JNKINDIA JNK India	₹407.00	2,277	34.8	818	65	11.2%	8.0%	71.6%	114.6%	77.0%	149.3%
24	TIL TIL	₹250.25	2,063	—	377	-30	4.8%	-7.9%	2.5%	-1175.9%	86.2%	12.4%
25	MACPOWER Macpower CNC	₹1,984.00	1,985	51.0	367	39	16.7%	10.6%	27.3%	32.8%	56.1%	110.3%

❓ Frequently asked questions

What was KRN Heat Exchanger and Refrigeration Limited's revenue in Q1 FY27?

What was KRN Heat Exchanger and Refrigeration Limited's net profit in Q1 FY27?