Shares of India’s one of the leading Heat exchanger companies with a robust customer base consisting of Voltas, Daikin, Blue Star, and many more in focus after Ace Investor Mukul Agrawal made a fresh investment in it considering its potential.
Price Action
With a market capitalization of Rs. 5,380 Crores, the shares of KRN Heat Exchanger and Refrigeration Limited closed at Rs. 865.60 per equity share, up 9 percent from its previous day’s close price of Rs. 794.90.
About the Company
KRN Heat Exchangers Limited is engaged in designing, manufacturing, and supplying heat exchangers and related thermal solutions, catering to sectors such as oil and gas, chemical processing, power generation, refrigeration, and HVAC (Heating, Ventilation, and Air Conditioning).
It offers a wide range of products like shell and tube, plate, finned tube, air-cooled models, condenser coils, evaporator units, evaporator coils, fluid and steam coils, sheet metal parts, and many more.
It has 2 manufacturing units with a Total Annual Production capacity of 1 Billion units, consisting of 6 products namely Evaporator Coils, Condenser Coils, Fluid and Steam Coils, Condensing Units and Air-cooling Units, Condenser Coils Headers / Copper Parts, and Sheet Metal Parts.
Customer Base
KRN Heat Exchangers Limited has a strong customer base, including Voltas, Daikin Air-conditioning India Private Limited, Schnieder Electric IT Business India Private Limited, Kirloskar Chillers Private Limited, Blue Star Limited, Climaventa Climate Technologies Private Limited, and Frigel Intelligent Cooling Systems India Private Limited among others.
Ace Investor Investment
In Q3FY25 Ace Investor Mukul Agrawal made a fresh investment in KRN Heat Exchangers Limited by acquiring a 1.6 percent stake or 10 Lakh equity shares.
Revenue Breakdown
As of FY24, it generated 55.24 percent of its revenue from Condenser Coils, 37.49 percent from Evaporator Coils, 1.52 percent from Headers/Copper Parts, 0.05 percent from Sheet Metal Parts, and 5.70 percent from other operating revenue.
Financials
Its Revenue from operations grew by 74 percent from Rs. 67 Crores in Q3FY24 to Rs. 116.36 Crores in Q3FY25, accompanied by profits of Rs. 7.87 Crores to Rs. 13.73 Crores.
Written by: Bharath K.S
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