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KRN Heat Exchanger and Refrigeration (KRN)₹967.40−1.13%Other Industrial Products
In the Sep 2026 quarter (consolidated), KRN Heat Exchanger and Refrigeration reported sales of ₹320 Cr, up 110.0% from Sep 2025, and net profit of ₹36.02 Cr, up 100.0% year on year. For the year to Mar 2026, sales were ₹601 Cr and net profit ₹76.06 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 66.21 | 82.23 | 96.25 | 91.21 | 111 | 132 | 115 | 152 | 153 | 179 | 253 | 320 |
| Expenses | 54.06 | 64.08 | 78.12 | 73.14 | 96.25 | 113 | 98.24 | 122 | 122 | 146 | 203 | 270 |
| Operating Profit | 11.97 | 17.97 | 17.96 | 17.96 | 15.96 | 18.96 | 17.97 | 29.91 | 30.94 | 33.93 | 48.85 | 48.91 |
| OPM % | 18.0% | 21.0% | 18.0% | 20.0% | 14.0% | 14.0% | 15.0% | 20.0% | 20.0% | 19.0% | 19.0% | 15.0% |
| Other Income | 1.01 | 2.01 | 1.01 | 1.01 | 5.01 | 4.01 | 4.01 | 2.01 | 2.01 | 2.01 | 3.01 | 7.01 |
| Interest | 0.99 | 0.99 | 0.99 | 0.99 | 0.00 | 0.99 | 0.99 | 0.99 | 1.99 | 2.99 | 2.99 | 2.99 |
| Depreciation | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 1.99 | 4.99 | 5.99 | 5.98 | 5.99 | 6.98 |
| Profit before tax | 10.98 | 16.95 | 16.97 | 16.96 | 18.96 | 20.95 | 17.97 | 26.95 | 25.95 | 26.95 | 41.95 | 45.89 |
| Tax % | 29.0% | 30.1% | 29.0% | 29.1% | 28.1% | 30.1% | 32.1% | 33.1% | 12.1% | 13.0% | 22.1% | 21.0% |
| Net Profit | 8.01 | 12.01 | 12.01 | 12.01 | 14.02 | 15.01 | 12.01 | 18.01 | 23.02 | 23.02 | 33.02 | 36.02 |
| EPS (Rs) | 1.72 | 2.62 | 2.60 | 1.99 | 2.22 | 2.40 | 2.01 | 2.91 | 3.66 | 3.77 | 5.04 | 5.53 |
| Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|
| Sales | 308 | 431 | 601 | 905 |
| Expenses | 249 | 360 | 488 | 742 |
| Operating Profit | 58.89 | 69.83 | 112 | 163 |
| OPM % | 19.0% | 16.0% | 19.0% | 18.0% |
| Other Income | 5.01 | 12.01 | 10.01 | 14.04 |
| Interest | 3.99 | 2.99 | 5.98 | 10.96 |
| Depreciation | 3.99 | 4.99 | 18.94 | 24.94 |
| Profit before tax | 55.85 | 73.84 | 97.81 | 141 |
| Tax % | 30.1% | 29.1% | 22.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.99 | — |
| Net Profit | 39.02 | 53.03 | 76.06 | 115 |
| EPS (Rs) | 8.57 | 8.53 | 12.33 | 18.00 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | — |
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 45.97 | 61.87 | 61.94 |
| Reserves | 83.97 | 435 | 512 |
| Borrowings | 86.70 | 32.86 | 186 |
| Other Liabilities | 39.80 | 62.69 | 170 |
| Total Liabilities | 256 | 594 | 930 |
| Fixed Assets | 82.09 | 85.05 | 314 |
| CWIP | 3.99 | 81.72 | 32.89 |
| Investments | 0.00 | 0.00 | 0.00 |
| Other Assets | 170 | 427 | 583 |
| Inventories | 83.79 | 95.70 | 272 |
| Trade receivables | 51.81 | 92.71 | 175 |
| Cash & equivalents | 16.03 | 151 | 46.08 |
| Total Assets | 256 | 594 | 930 |
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Cash from operating activity | 16.99 | 21.01 | −114 |
| Cash from investing activity | −64.30 | −280 | −34.15 |
| Cash from financing activity | 50.13 | 259 | 148 |
| Net cash flow | 2.99 | 0.00 | 0.00 |
| Capex | 60.96 | 72.92 | 248 |
| Free cash flow | −41.01 | −51.99 | −312 |
| CFO / OP % | 54.0% | 61.1% | −82.0% |
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor days | 61 | 78 | 105 |
| Inventory days | 139 | 110 | 242 |
| Days payable | 59 | 62 | 139 |
| Cash conversion cycle | 140 | 124 | 207 |
| Working capital days | 63 | 154 | 111 |
| ROCE % | — | 20.9% | 16.0% |
For the Sep 2026 quarter, KRN Heat Exchanger and Refrigeration reported sales of ₹320 Cr, up 110.0% year on year and net profit of ₹36.02 Cr, up 100.0% year on year. The operating margin was 15.0%.
KRN Heat Exchanger and Refrigeration's sales for the year to Mar 2026 were ₹601 Cr; over the last twelve months they were ₹905 Cr.
Net profit for the year to Mar 2026 was ₹76.06 Cr, and ₹115 Cr over the last twelve months. Earnings per share over the same trailing period were ₹18.00.
KRN Heat Exchanger and Refrigeration reported borrowings of ₹186 Cr at Mar 2026, against cash and equivalents of ₹46.08 Cr.
Cash from operations was −₹114 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹312 Cr.