KRN Heat Exchanger and Refrigeration logo

KRN Heat Exchanger and Refrigeration share price

NSE: KRNBSE: 544263Industrial ProductsSmall Cap

Last close ₹1,018.50down ₹53.50 (4.99%)BSE ₹1,018.20

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,072.00.

52-week range of traded prices to 23 Oct 2026
₹589.80Low, 27 Jan 2026₹1,687.00High, 9 Sep 2026
Market cap
₹6,667 Cr718th largest listed
P/E
68.8
P/B
Shares changed
Dividend yield
Nonein the last 12 months
ROE
18.1%
ROCE
15.9%
Debt to equity
0.33
Volume, NSE
3,38,61153.6% delivered

Share price

Daily closes since Oct 2024, adjusted for splits and bonuses

+21.5%over a year · Nifty Microcap 250 +0.4% · Nifty 500 −9.8%

Results20-session average 4,74,014 shares a day, 51.8% delivered

Results

Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results

Quarter to Jun 2026, against the quarter beforeFiled 12 Aug

Revenue
₹252 Crup 40.58%
Net profit
₹33 Crup 40.81%
Net margin
13.0%

Revenue by year

Peak revenue ₹600 Cr, year to Mar 2026

Net profit by year, a loss in red

₹ croreSep 2024Filed 30 OctDec 2024Filed 28 JanMar 2025Filed 10 JulJun 2025Filed 1 AugSep 2025Filed 4 NovDec 2025Filed 6 FebMar 2026Filed 14 MayJun 2026Filed 12 Aug
Revenue91111132115152153179252
Net profit1214151218232333
Net margin13.5%12.3%11.3%10.8%11.9%14.8%13.0%13.0%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • India₹501 Crup 38.14%83.4%
  • Overseas₹99 Crup 47.45%16.6%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Not shown, P/B: the share count changed after the latest balance sheet (a rights issue, a buyback, an allotment or a listing), which does not yet hold the money it brought or returned. Not shown, EV/EBITDA: the share count changed after the latest balance sheet (a rights issue, a buyback, an allotment or a listing), which does not yet hold the money it brought or returned. Dividend yield is not shown: no dividend in the years on record.PE ratio and valuation history

Price to earnings

At or below today's level on 6% of 247 trading days over the last year.

LowestHighest
Its median92.7Industry median20.8

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−2.3%+44.6%−32.4%0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 year is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Who owns it

Per cent of the company's shares, from the filing for Sep 2026.Shareholding pattern

Shareholding by group

  • Promoters65.69%
  • Foreign institutions8.98%
  • Indian institutions7.98%
  • Individuals and others17.35%
Holder
ANJU DEVIPromoter35.44%
SANTOSH KUMAR YADAVPromoter30.25%
VQ FASTERCAP FUNDAlternative investment funds1.74%
MUKUL MAHAVIR AGRAWALResident individuals, over ₹2 lakh at face value1.37%
HOOD RIVER INTERNATIONAL OPPORTUNITY FUNDForeign portfolio investors, category I1.05%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

The filing reports 1,24,31,320 of its 6,54,58,486 shares locked in.

Mutual funds holding it

30 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 7 of the 11 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.Mutual fund holdings

Added
8
Cut
3
Held unchanged
19
Fund
WhiteOak Capital Mutual Fund logoWhiteOak Capital Flexi Cap FundWhiteOak Capital Mutual Fund4,55,0420.70%₹65.4 Cr
WhiteOak Capital Mutual Fund logoWhiteOak Capital Mid Cap FundWhiteOak Capital Mutual Fund3,16,1560.60%₹45.4 Cr
WhiteOak Capital Mutual Fund logoWhiteOak Capital Multi Cap FundWhiteOak Capital Mutual Fund2,47,6220.83%₹35.6 Cr
ITI Mutual Fund logoITI Focused FundITI Mutual Fund2,01,0484.76%₹28.9 Cr
Bank of India Mutual Fund logoBank of India Aggressive Hybrid FundBank of India Mutual Fund1,61,5101.06%₹23.2 Cr
WhiteOak Capital Mutual Fund logoWhiteOak Capital Special Opportunities FundWhiteOak Capital Mutual Fund1,10,9380.81%₹15.9 Cr
WhiteOak Capital Mutual Fund logoWhiteOak Capital Multi Asset Allocation FundWhiteOak Capital Mutual Fund82,2560.13%₹11.8 Cr
Bandhan Mutual Fund logoBandhan Innovation FundBandhan Mutual Fund81,8340.38%₹11.8 Cr
Bank of India Mutual Fund logoBank of India Mid Cap FundBank of India Mutual Fund75,4721.49%₹10.8 Cr
WhiteOak Capital Mutual Fund logoWhiteOak Capital Digital Bharat FundWhiteOak Capital Mutual Fund68,3302.07%₹9.82 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Peers and competitors

Other Industrial Products, 57 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to KRN Heat Exchanger and Refrigeration in market cap.

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
HBL Engineering logoHBL EngineeringHBLENGINE21,34027.39.619.5+63.0%+129.6%42.2%45.0%0.39%
INOX India logoINOX IndiaINOXINDIA16,94666.515.249.6+19.9%+8.8%25.6%25.9%0.11%
Esab India logoEsab IndiaESABINDIA8,17036.819.027.9+13.0%+29.1%56.1%63.5%1.41%
WPIL logoWPILWPIL3,89222.92.411.1+8.4%+46.6%11.5%12.4%0.50%
Subros logoSubrosSUBROS3,83723.13.111.8+13.8%+6.4%14.2%15.7%0.51%
Harsha Engineers International logoHarsha Engineers InternationalHARSHA3,68223.82.615.9+20.2%+69.6%11.6%11.4%0.37%
Aimtron ElectronicsAIMTRON3,43874.814.7–+89.2%+79.4%23.6%–0.00%
Ador Welding logoAdor WeldingADOR2,25419.54.014.2+12.9%+111.7%21.7%22.8%1.78%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Latest announcements

Routine notices left out.Share news and announcements

KRN Heat Exchanger and Refrigeration share price by year

Each calendar year to 2025.KRN Heat Exchanger and Refrigeration share price history

YearClose at year endChangeHighest closeLowest close
2025727.55+3.9%970.25702.95
2024700.50–847.60422.43
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2024 is from its first session, 3 Oct 2024.

Recent sessions

The last 10 trading days to 23 Oct 2026, as traded on NSE.

DateOpenHighLowCloseAverage priceVolumeDelivery
23 Oct 20261,060.001,069.901,018.401,018.501,025.083,38,61153.6%
22 Oct 20261,050.001,080.901,004.701,072.001,044.9810,19,36950.8%
21 Oct 20261,105.001,116.801,054.601,054.601,058.306,01,62849.1%
19 Oct 20261,134.101,134.901,048.501,110.101,082.3517,25,28649.6%
16 Oct 20261,224.001,233.501,130.601,139.601,171.5814,67,06456.6%
15 Oct 20261,330.001,344.501,221.601,231.201,255.3210,68,52252.0%
14 Oct 20261,380.001,391.901,350.001,357.301,362.262,27,14050.9%
13 Oct 20261,423.001,423.001,319.101,380.701,353.763,81,63643.6%
12 Oct 20261,397.001,448.701,393.701,413.001,417.891,92,18338.1%
9 Oct 20261,405.001,425.001,363.401,386.101,395.272,70,63546.7%
Prices in ₹ per share as traded, not adjusted.

Company details

Legal name
KRN Heat Exchanger and Refrigeration Limited
NSE symbol
KRN
BSE code
544263
ISIN
INE0Q3J01015
Industry
Industrial Products
Listed
Oct 2024
Face value
₹10
CIN
L29309RJ2017PLC058905
Corporate identity number, the registrar of companies' code for it