Flash Finance

KRN Heat Exchanger and Refrigeration LimitedKRNCorporate

Engineering Latest results: Jun 2026 12 quarters of data
Consolidated Standalone
₹1,139.60
MCap ₹7,460 Cr · P/E 100.4
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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.
₹182 Cr
Sales · Jun 2026
+59.1% YoY
₹25 Cr
Operating Profit · Jun 2026
+24.7% YoY
13.6%
OPM % · Jun 2026
-21.4% YoY
₹19 Cr
Net Profit · Jun 2026
+19.0% YoY
₹2.95
EPS · Jun 2026
+17.1% YoY

📝 KRN Heat Exchanger and Refrigeration Limited — results explained

Quarter ended June 2026 (Q1 FY27)

KRN Heat Exchanger and Refrigeration Limited reported revenue of ₹182 crore for the quarter ended June 2026 (Q1 FY27), up 59.1% from ₹114 crore in the same quarter last year, and down 9.9% sequentially over the March 2026 quarter.

Net profit rose 19.0% year-on-year to ₹19 crore, from ₹16 crore. Earnings per share (EPS) came in at ₹2.95.

Operating profit stood at ₹25 crore — an operating margin (OPM) of 13.6%, compared with 17.3% 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 ₹676 crore, a growth of 56.9% over FY25, with a net profit of ₹71 crore (up 39.8% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹744 crore with a net profit of ₹74 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 100.4.

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 ?
100.42above ind
Industry P/E ?
35.10
P/B ?
13.16
P/S ?
10.03
P/FCF ?
532.83
Enterprise Value ?
₹7,551 Cr
EV/EBITDA ?
84.20
PEG ?
3.35
Earnings Yield ?
1.1%
Dividend Yield ?
0.00%
Profitability & Returns
Sales (TTM) ?
₹744 Cr
OPM ?
12.1%
Profit after tax (TTM) ?
₹74 Cr
EPS (TTM) ?
₹11.35
ROCE ?
16.0%
ROE ?
13.1%
ROA ?
10.3%
Growth
Sales — latest qtr ?
₹182 Cr
PAT — latest qtr ?
₹19 Cr
YoY qtr sales growth ?
59.1%
YoY qtr profit growth ?
19.0%
Sales growth (3y) ?
40%
Sales growth (5y) ?
55%
Profit growth (3y) ?
30%
Profit growth (5y) ?
96%
Financial Health
Debt ?
₹91 Cr
Debt to Equity ?
0.16
Interest Coverage ?
20.4
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
Metric Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 YoY % QoQ %
Sales 7166829799104131114223136202182 +59.1% -9.9%
Operating Profit 131218171816202030171825 +24.7% +37.1%
Other Income 112123134432 -11.6% -15.5%
Interest 111110111111 +110.6% -6.2%
Depreciation 111111111111 -23.2% -2.2%
Profit Before Tax 121118161718202132201925 +19.5% +33.9%
Net Profit 9812121213141624151719 +19.0% +10.7%
EPS 1.961.712.692.521.952.042.212.523.812.432.712.95 +17.1% +8.9%
OPM % 18.3% 18.2% 22.0% 17.5% 18.2% 15.4% 15.3% 17.3% 13.2% 12.8% 8.9% 13.6% -21.4% +52.8%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹431 Cr ₹676 Cr ₹744 Cr +56.9%
Operating Profit ₹71 Cr ₹85 Cr ₹90 Cr +19.4%
OPM % 16.47% 12.54% 12.06% -23.9%
NPM % 11.83% 10.54% 9.99% -10.9%
Other Income ₹7 Cr ₹14 Cr ₹13 Cr +96.0%
Depreciation ₹4 Cr ₹3 Cr ₹3 Cr -14.6%
Interest ₹3 Cr ₹4 Cr ₹5 Cr +32.7%
EBIT ₹67 Cr ₹81 Cr ₹86 Cr +21.5%
PBT ₹71 Cr ₹92 Cr ₹96 Cr +28.9%
Tax — ₹20 Cr ₹21 Cr —
Net Profit ₹51 Cr ₹71 Cr ₹74 Cr +39.8%
EPS ₹8.72 ₹11.47 ₹11.90 +31.5%
Material Cost — ₹561 Cr ₹618 Cr —
Employee Cost — ₹18 Cr ₹18 Cr —
Extraordinary Items — ₹-0 Cr ₹-0 Cr —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 44466262 +0.0%
Reserves 1685434505 +16.4%
Borrowings 37603391 +175.8%
Other Liabilities 53396065 +8.3%
Total Liabilities 149230590723 +22.5%
Fixed Assets 32272623 -11.5%
CWIP 0100 —
Investments 05251351 +39.8%
Other Assets 117197313349 +11.5%
Total Assets 149230590723 +22.5%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
CFO/OP 37%9%56%39% -30.4%
Cash from Operating Activity 5-91914 -26.3%
Cash from Investing Activity -14-1-272-95 +65.1%
Cash from Financing Activity 111424483 -66.0%
Net Cash Flow 23-91 +111.1%
Free Cash Flow -9-91714 -17.6%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 576279102 +29.1%
Inventory Days 11413910849 -54.6%
Days Payable 102596039 -35.0%
Cash Conversion Cycle 69142127112 -11.8%
Working Capital Days 4210815986 -45.9%
ROCE % 67%42%21%16% -23.8%

👥 Shareholding (latest 5 periods)

Metric Sep 2025Dec 2025Mar 2026Jun 2026Sep 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 75,24483,76683,71391,95997,166 +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?
KRN Heat Exchanger and Refrigeration Limited reported revenue of ₹182 crore for the quarter ended June 2026 (Q1 FY27), up 59.1% from ₹114 crore in the same quarter last year, and down 9.9% sequentially over the March 2026 quarter.
What was KRN Heat Exchanger and Refrigeration Limited's net profit in Q1 FY27?
Net profit rose 19.0% year-on-year to ₹19 crore, from ₹16 crore. Earnings per share (EPS) came in at ₹2.95.
What is KRN's market capitalisation and P/E ratio?
At the current price of ₹1,139.60, KRN has a market capitalisation of ₹7,460 crore and a trailing P/E of about 100.4.
Who owns KRN Heat Exchanger and Refrigeration Limited? (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.
TTM ends 2026-06-30. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI