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Employees: 1,512
Size Krn Heat Exchanger and Refrigeration (KRN.NS) is an India Industrials company (Industrial Machinery) with a market value of $651M, the 745th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹939.80 on 6 Nov 2026.
Performance Over six months the shares fell 29.3%, against -32.5% for the median peer and 0.0% for the India market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue grew 77.2% over the last twelve months (peer median +9.9%); the operating margin is 15.1% (peer median 7.4%).
Valuation It trades at 46.3× forward earnings against a peer median of 11.1× (most expensive of 12).
Capital Return on invested capital runs 5.3 points below its cost of capital (16.0% WACC).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹9.04B | ₹6.00B | ₹4.30B | ₹3.08B | ₹2.47B |
| Revenue growth | — | +40% | +39% | +25% | — |
| Gross profit | ₹1.96B | ₹1.16B | ₹767M | ₹641M | ₹518M |
| EBITDA | ₹1.62B | ₹1.15B | ₹719M | ₹594M | ₹495M |
| Net income | ₹1.15B | ₹765M | ₹529M | ₹394M | ₹323M |
| Free cash flow | n/a | -₹3.63B | -₹1.26B | -₹479M | -₹124M |
| Capital expenditure | n/a | ₹2.48B | ₹1.51B | ₹615M | ₹140M |
| Total debt | ₹1.53B | ₹1.87B | ₹335M | ₹870M | ₹366M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | KRN.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -36.7% | -9.2% | 2nd lowest of 21 |
| 6-month return | -29.3% | -32.5% | 8th highest of 20 |
| Distance from 52-week high | -44.3% | -48.1% | 8th highest of 21 |
| Revenue growth (TTM) | +77.2% | +9.9% | 2nd highest of 21 |
| Operating margin | 15.1% | 7.4% | 6th highest of 21 |
| Forward P/E | 46.3× | 11.1× | most expensive of 12 |
| ROIC minus cost of capital | -5.3 pp | -2.7 pp | 10th lowest of 21 |
| EV / EBITDA | 37.7× | 7.7× | most expensive of 7 |
| Net debt / EBITDA | -0.2× | -1.3× | 5th most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Krn Heat Exchanger and Refrigeration KRN.NS | India | $651M | -29% | +77% | 15% | 46.3× | n/a | n/a |
| Glotech Industrial 5475.TWO | Taiwan | $652M | -56% | +101% | 12% | n/a | n/a | n/a |
| Techman Robot 4585.TW | Taiwan | $652M | -40% | +33% | 6% | n/a | 50.5% | +9.4% |
| Shin Zu Shing 3376.TW | Taiwan | $648M | -47% | -22% | -2% | 11.1× | n/a | n/a |
| Furukawa 5715.T | Japan | $646M | -24% | +10% | 6% | 12.8× | n/a | n/a |
| Shuifa Gas 603318.SS | China | $656M | -45% | -4% | 11% | n/a | n/a | n/a |
| Zhejiang Xinxing Tools 301677.SZ | China | $658M | n/a | +10% | 40% | n/a | -1.0% | +9.6% |
| J.S. Corrugating Machinery 000821.SZ | China | $659M | -33% | -32% | 1% | 16.6× | n/a | n/a |
| Shandong Weida Machinery 002026.SZ | China | $660M | -19% | +2% | 9% | 16.3× | 7.5% | -2.4% |
| Shenyang Blue Silver Industry Automatic Equipment 300293.SZ | China | $662M | -30% | -9% | -13% | n/a | n/a | n/a |
| Ningbo BaoSi Energy Equipment 300441.SZ | China | $640M | -5% | 0% | 12% | 7.4× | n/a | n/a |
| Asahi Yukizai 4216.T | Japan | $638M | -8% | +1% | 11% | 16.4× | -1.8% | +8.4% |
| Changhong Huayi Compressor 000404.SZ | China | $665M | -23% | -6% | 5% | 8.8× | -12.1% | +2.4% |
| Chongqing Machinery & Electric 2722.HK | Hong Kong | $634M | -61% | +20% | 1% | 4.0× | 13.5% | +8.8% |
| Guangdong Kingstrong Technology 300629.SZ | China | $669M | -29% | +33% | 33% | n/a | 19.8% | +4.2% |
| Noritz 5943.T | Japan | $633M | -3% | -1% | 2% | 12.8× | 4.1% | +1.9% |
| Suntar Environmental Technology 688101.SS | China | $670M | -39% | +20% | 24% | n/a | 0.0% | +11.8% |
| Zhejiang Kangsheng 002418.SZ | China | $632M | -34% | +14% | 2% | n/a | n/a | n/a |
| RS Technologies 3445.T | Japan | $671M | -34% | +18% | 19% | 9.9× | 2.8% | +24.6% |
| Sanchuan Wisdom Technology 300066.SZ | China | $632M | -35% | +16% | -1% | n/a | n/a | n/a |
| Obara 6877.T | Japan | $630M | +12% | +17% | 17% | 10.6× | -0.2% | +6.9% |