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Krn Heat Exchange N Ref Ltd Stock performance
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KEY OBSERVATIONS

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noteAnnual Revenue,rose 40.79%, in the last year to ₹441.71 Cr. Its sector's average revenue growth for the last fiscal year was 6.26%.
noteAnnual Net Profit,rose 34.24% in the last year to ₹52.88 Cr. Its sector's average net profit growth for the last fiscal year was 30.93%.
noteQuarterly Revenue,rose 60.37% YoY to ₹135.83 Cr. Its sector's average revenue growth YoY for the quarter was 3.58%.
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KRN Heat Exchanger and Refrigeration Limited was incorporated in Bhiwadi, Alwar as ‘Krn Heat Exchanger And Refrigeration Private Limited’, a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated August 25, 2017issued by Central Registration Centre, Manesar. Thereafter, the company was converted from a private limited company to a public limited company, pursuant to a resolution passed in the extraordinary general meeting of its Shareholders held on March 17, 2023, and consequently, the name of the company was changed to ‘KRN Heat Exchanger and Refrigeration Limited’ by deletion of the word ‘Private’. A fresh certificate of incorporation consequent upon conversion from private company to public company dated April 03, 2023, was issued by the Registrar of Companies, Jaipur, Rajasthan to the Company.KRN Heat Exchanger and Refrigeration manufactures fin and tube type heat exchangers for the Heat Ventilation Air Conditioning and Refrigeration Industry (HVACR). Heat exchanger manufactured by it is made of non-ferrous metals primarily Copper and Aluminium. The company’s product range includes condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils and sheet metal parts. It manufactures heat exchangers of various shapes and sizes as per the requirements of the customers and/or demand in the market. Its products are well suited for wide range of air conditioning, heating and ventilation, refrigeration, and process cooling applications.To enhance the longevity and corrosion resistance of heat exchangers and their components, various types of coatings such as nano coating, and powder coating are applied to the surfaces of copper tubes, brazing joints, and fin sheets. By applying these advanced coatings to heat exchangers and their components, its products ensure that the heat exchanger operates efficiently over an extended period, reducing maintenance costs and enhancing overall performance. The protective barrier provided by these coatings ensures that the heat exchanger withstands harsh conditions and maintains its optimal functionality.Business area of the companyThe company is engaged in the business of manufacturing of heat exchangers and coils for Commercial Air conditioning and Packaged Air conditioning units which are primarily installed in places like data cooling centres, process cooling equipment, railways/metros, and other commercial air conditioning units.Products of the companyResidential ACCassette type HVACFan Coil Unit FCUCommercial HVACData Centre CoolingPrecision Air ConditioningRailway/Metro HVACAutomotive HVACDefence Air ConditioningCommercial RefrigerationWater CoolersChest FreezersBeverage CoolersVending MachinesCloth Dryer/Washing M/cDry air coolerSwimming pool heat pumpMedical EquipmentAwards, accreditations or recognition2018: ISO 9001:2015 Certification.2020: IS 11329:2018 Certification (BIS)2020: Pandemic Response Excellence Award (By: Schneider Electric).2021: BS EN ISO 13134 Certification.2021: UL-207 Certification (Underwriters Laboratories -USA).2022: CE certification (EU directives).2022: Participation and Continuous support award (By: Schneider Electric).2023: ISO 9001, 14001 and ISO 45001.2023: Certification Quality Excellence Award (By: Werner Finley).2023: Certificate of Appreciation (By: Werner Finley).2023: Dare to Disrupt (Innovation Tech) (By: -Carrier Air Conditioning and Refrigeration Ltd)2023: Certificate of Appreciation (By: Carrier Air Conditioning and Refrigeration Ltd).2024: Certificate of Appreciation (By: Daikin)2024: Best Supplier Heat Exchanger Award (By: Daikin)History and milestones2021: New lines added featuring 5mm tube diameter.2022: New lines added 25X21.65 mm in 9.52mm, 30.00 X26.0 mm in 12.7mm2022: New lines added featuring a 5/8” diameter tube, specifically designed to cater Air Handling Unit (AHU) and industrial application business.2022: Acquired CE certification, to meet rigorous safety regulations for the European market2022: Established its internal Brazing school, a dedicated initiative to enhance the skills of its brazing staff Appointed a dedicated sales representative in Europe.2023: Conversion of the company from a private limited company to a public limited company and change of name of the Company from ‘KRN Heat Exchanger and Refrigeration Private Limited’ to ‘KRN Heat Exchanger and Refrigeration Limited’.
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