Krn Heat Exchanger And Refrigeration Limited · NSE:KRN
Krn Heat Exchanger And Refrigeration — Q3 FY25 Earnings Presentation
47 slides from Krn Heat Exchanger And Refrigeration's earnings presentation, Jan 31, 2025
Slide 1: Regulation 30 filing cover letter
KRN HEAT EXCHANGER AND REFRIGERATION LIMITED (Formerly Known As KRN Heat Exchanger And Refrigeration Pvt. Ltd.) Registered & Work Office: Plot No.: F-46,47,48,49, EPIP, RIICO Industrial Area, Neemrana-301705 (RJ) CIN No.: U29309RJ2017PLC058905 Ph No.:9116629184 Friday | January 31, 2025 To, To, BSE
Slide 2: Q3 & 9M FY25 Investor Presentation
Q3 & 9M FY25 Investor Presentation KRN Heat Exchanger And Refrigeration Limited
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by KRN Heat Exchanger And Refrigeration Limited (KRN, The Company) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any se
Slide 4: Quarterly - Profit & Loss Statement - Consolidated
Quarterly - Profit & Loss Statement - Consolidated In ₹ Cr Particulars Q3 FY25 Q3 FY24 YoY Revenues 111.47 65.64 Other Income 4.89 1.36 Total Income 116.36 67.00 73.67% Raw Material 84.81 47.13 Employee costs 5.79 3.52 Other expenses 5.06 3.27 Total Expenditure 95.66 53.91 EBITDA 15.81 11.73 34.76%
Slide 5: Nine Month - Profit & Loss Statement - Consolidated
Nine Month - Profit & Loss Statement - Consolidated In ₹ Cr Particulars 9M FY25 9M FY24 YoY Revenues 298.35 226.29 Other Income 7.53 3.77 Total Income 305.88 230.05 32.96% Raw Material 220.20 164.15 Employee costs 14.17 10.60 Other expenses 12.36 10.65 Total Expenditure 246.73 185.41 EBITDA 51.62 40
Slide 6: Nine-Month Export Revenue: A Testament to Strong Global Demand
Nine-Month Export Revenue: A Testament to Strong Global Demand (In Cr) 9M Export Revenue (In %) United Arab Emirates 25.41 5.97 0.56 6.23 Canada 6.71 USA 6.23 6.71 ITALY 5.97 57.00 Other 0.25 United Arab Emirates Canada USA ITALY Other Total 44.57 Investor Presentation 5
Slide 7: Management's Comment On Q3 & 9M FY25 Performance
Management's Comment On Q3 & 9M FY25 Performance “We are extremely pleased with the exceptional performance demonstrated in Q3 FY25, reflecting the strength of our strategic initiatives, resource optimization and unwavering commitment to quality. Looking ahead, we remain focused on expanding our cap
Slide 8: Company Overview
Company Overview
Slide 9: KRN Heat Exchanger And Refrigeration Limited: Customized Heat Exchanger Production
KRN Heat Exchanger And Refrigeration Limited: Customized Heat Exchanger Production KRN Heat Exchanger and These products serve essential Refrigeration Limited (KRN, The roles in air conditioning, heating, Company) specializes in ventilation, refrigeration, and manufacturing fin and tube-type process
Slide 10: Core Principles For Success: Mission, Vision, and Values
Core Principles For Success: Mission, Vision, and Values MISSION To maximize the value creation of all the clients of the company through supply of cost effective products, services through integration of people, technology, process and business system. VALUES To provide excellent solution to VISION
Slide 11: Essential Highlights
Essential Highlights 7 5 MM to 15.88 MM. 2 Years In Business heat exchanger tubes Manufacturing Unit 6 19 1 Billion Products End-Use Product Category units annually Total Production Capacity 450+ 10+ Consolidated Team Certificates 9M FY25 (₹ in Cr) Revenue: 298.35 EBITDA: 51.62 Net Profit: 38.01 Con
Slide 12: Journey Of Growth
Journey Of Growth • New lines added 25X21.65 mm in 9.52mm, 30.00 X26.0 mm in 12.7mm • New lines added featuring a 5/8” diameter • Company expanded its plant area to 7,800 tube, specifically designed to cater Air Sq. Mt. by acquiring plot no. 46 and 47 Handling Unit (AHU) and industrial • Company est
Slide 13: Global Presence
Global Presence 05 11 12 08 09 07 06 02 13 14 03 10 04 1. United Arab Emirates 2. USA 3. Italy 4. Saudi Arabia 5. Norway 6. Czech Republic 7. Germany 8. United Kingdom 9. Poland 10. China 11. Canada 12. Ireland 13. France 14. Croatia Investor Presentation 12
Slide 14: Certificates
Certificates ISO 45001:2018 ISO 14001:2015 ISO 45001:2018 AHRI IS 11329 : 2018 BS EN ISO 13134 BS EN ISO 13535 UL-CA-2133826-0 Investor Presentation 13
Slide 15: Certificates
Certificates UL-CA-2133828-0 UL-CA-2135187-0 UL-US-2135178-0 UL-US-2140353-0 UL-US-2141923-0 UL-US-2140355-0 UL-US-2141932-0 Investor Presentation 14
Slide 16: KRN's Management: Focused on Efficiency and Future Growth
KRN’s Management: Focused on Efficiency and Future Growth Mr. Santosh Kumar Yadav Mr. Srinivasa Rao Anasingaraju Chairman and Managing Director Independent Director He is the Promoter, Chairman, and Managing Director of the He holds bachelor’s and master’s degrees in commerce, a law degree, Company,
Slide 17: Business Overview
Business Overview
Slide 18: Leading The Way With Exceptional Products
Leading The Way With Exceptional Products Evaporator Coils • Fin spacing from 1.15 to 8.5 mm for various HVAC and refrigeration systems. • Hydrophilic coating prevents water droplets in refrigerated spaces. • Multiple refrigerant circuits ensure balanced distribution. • Dual evaporators for industri
Slide 19: Leading The Way With Exceptional Products
Leading The Way With Exceptional Products Condensing Units and Air-cooling Units • A refrigeration circuit includes a compressor, condenser, throttle device, and evaporator. • The compressor sends refrigerant to the condenser to release heat. • Refrigerant passes through the expansion valve into the
Slide 20: Product & Usage Scenarios
Product & Usage Scenarios Air Conditioning Use Case Products Use Case Products Residential AC Precision Air Conditioning Cassette type Railway/Metro HVAC HVAC Fan Coil Unit Automotive (FCU) HVAC Defence Air Commercial HVAC Conditioning Data Centre Cooling Investor Presentation 19
Slide 21: Product & Usage Scenarios
Product & Usage Scenarios Refrigeration Use Case Products Use Case Products Commercial Beverage Refrigeration Coolers Water Coolers Vending Machines Chest Freezers Investor Presentation 20
Slide 22: Product & Usage Scenarios
Product & Usage Scenarios Process Cooling White Goods Use Case Products Use Case Products Cloth Dryer/ Civil and Washing Construction Machines Others Medical Dry Air Cooler Equipment Swimming Pool Heat Pump Investor Presentation 21
Slide 23: New Arrivals Preview
New Arrivals Preview Bar & Plate Exchanger Oil Cooling Unit with Blower & Motor Roll Bond Evaporator The Bar & Plate Heat Exchanger is a device An oil cooler is a smaller, separate radiator Roll-Bond evaporators provide designed to recover heat from one fluid and from the engine's main radiator, des
Slide 24: Product Quality & Innovation
Product Quality & Innovation Quality Control: Product Design: In-house quality checks like Helium Leak Test, Water Continuous investment in product design and Leak Test, Salt Spray Testing. development. Investor Presentation 23
Slide 25: Advanced Coatings For Heat Exchanger Durability
Advanced Coatings For Heat Exchanger Durability Nano Coating Powder Coated with Nano Coating Bly Gold Coating To enhance the longevity and corrosion Nano coating provides This coating helps Powder coating, on the It ensures uniform resistance of heat a thin, protective layer prevent corrosive other
Slide 26: Stringent Testing For KRN Products
Stringent Testing For KRN Products Helium leak Testing Machine Contamination Testing Salt Spray Test KRN maintains a dedicated in- house facility for rigorous These tests encompass the By employing these quality checks on its Helium Leak Test, Water comprehensive testing manufactured products. Their
Slide 27: Manufacturing Hub
Manufacturing Hub Operational Efficiency Details Evaporator & Condenser Coils Installed Capacity: 5,66,551 Capacity Utilization: 84.09% Headers/ Copper Parts: Installed Capacity: 6,18,667 Capacity Utilization: 84.53% Sheet Metal Parts Installed Capacity: 5,56,800 Capacity Utilization: 85.77% Locatio
Slide 28: Client Testimonials
Client Testimonials Daikin Airconditioning Schneider Electric IT Business India Kirloskar Chillers Private Limited India Private Limited (since 2018) Private Limited (since 2019) (since 2020) Climaventa Climate Technologies Knorr-Bremse India Private Limited Blue Star Limited (since 2021) Private Li
Slide 29: Geographical Wise Revenue Breakup
Geographical Wise Revenue Breakup FY24 In % FY23 In % FY22 In % 9.57 0.08 0.05 0.07 14.68 11.40 85.26 88.53 90.35 Domestic Sales Export Sales Other Operating Income In ₹ Cr Particulars FY24 FY23 FY22 Domestic Sales 262.85 219.10 141.06 Export Sales 45.27 28.20 14.94 Other Operating Income 0.16 0.18
Slide 30: Product Wise Revenue Breakup
Product Wise Revenue Breakup In % In % In % In % FY24 FY23 FY22 FY21 0.05 8.77 1.99 5.70 0.04 2.93 0.10 1.52 0.73 0.42 0.37 28.90 23.25 37.49 0.07 32.95 63.71 61.53 74.24 55.24 Evaporator Coils Condenser Coils Headers/Copper Parts Sheet Metal Parts Other Operating Revenue In ₹ Cr Particulars FY24 FY
Slide 31: Continent Wise Revenue Breakup
Continent Wise Revenue Breakup In % In % In % FY24 FY23 FY22 17.48 22.03 0.93 6.40 51.25 23.55 58.97 26.73 92.68 Asia North America Europe In ₹ Cr Particulars FY24 FY23 FY22 Asia 26.69 14.45 13.84 North America 10.66 7.54 0.14 Europe 7.91 6.21 0.96 Total Export Revenue 45.27 28.20 14.94 FY22 and FY2
Slide 32: Industry Overview
Industry Overview
Slide 33: Driving Growth in the Evolving HVAC Industry
Driving Growth in the Evolving HVAC Industry The Indian Heating, Ventilation, and Air Conditioning (HVAC) sector is experiencing significant growth, driven by factors such as rapid urbanization, increasing disposable income, and changing climatic conditions. Government initiatives, including ‘Make i
Slide 34: Growth Forecast In Indian Finned Tube Heat Exchanger Market
Growth Forecast In Indian Finned Tube Heat Exchanger Market The demand for finned tube This growth is driven by real Consequently, the The annual turnover for heat exchangers in India is estate construction, increased production of finned tube heat expected to rise manufacturing, HVAC equipment will
Slide 35: Financial Overview
Financial Overview
Slide 36: Key Financial Statement
Key Financial Statement Total Income EBITDA Net Profit EBITDA % Net Profit % 313.74 58.45 250.02 49.09 19.83 18.96 39.39 33.55 159.81 10.81 13.42 12.55 16.88 11.55 7.23 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 All Amount In ₹ Cr & Margins In % FY22 and FY23 figures are standalone & FY24 figures
Slide 37: Profit & Loss Statement
Profit & Loss Statement In ₹ Cr Particulars FY24 FY23 FY22 Revenues 308.28 247.48 156.11 Other Income 5.46 2.54 3.70 Total Income 313.74 250.02 159.81 Raw Material 222.26 176.29 122.66 Employee costs 13.10 9.28 6.07 Other expenses 14.47 12.83 10.50 Total Expenditure 249.83 198.39 139.23 EBITDA 58.45
Slide 38: Balance Sheet
Balance Sheet In ₹ Cr Equities & Liabilities FY24 FY23 FY22 Assets FY24 FY23 FY22 Equity 46.14 44.00 4.40 Non-Current Assets Reserves 84.15 13.89 18.86 Fixed assets 86.15 32.15 21.32 Non-Controlling Interests 0.00 0.00 0.00 Non Current Investments 0.00 0.00 0.00 Net Worth 130.28 57.89 23.26 Other No
Slide 39: Cashflow Highlights
Cashflow Highlights In ₹ Cr Particulars FY24 FY23 FY22 Cashflow from Operations 19.12 5.17 4.77 Cashflow from Investments -66.36 -13.99 -2.72 Cashflow from Financing 50.10 10.91 3.10 Net Cash Flow 2.85 2.10 5.15 FY22 and FY23 figures are standalone & FY24 figures are consolidated. Investor Presentat
Slide 40: Key Ratios
Key Ratios (In %) (In %) ROE ROCE 57.95 49.64 48.57 30.23 31.61 26.39 FY22 FY23 FY24 FY22 FY23 FY24 Debt to Equity Ratio (In Times) (In Times) Interest Coverage Ratio 0.95 14.47 13.66 0.63 0.46 7.91 FY22 FY23 FY24 FY22 FY23 FY24 FY22 and FY23 figures are standalone & FY24 figures are consolidated. I
Slide 41: Key Ratios
Key Ratios Current Ratio (In Times) Receivable Turnover Ratio (In Times) 1.58 1.66 6.40 5.88 5.24 1.23 FY22 FY23 FY24 FY22 FY23 FY24 Earnings Per Share (In ₹) (In ₹) Book Value Per Share 26.24 52.87 28.24 7.62 8.76 13.16 FY22 FY23 FY24 FY22 FY23 FY24 FY22 and FY23 figures are standalone & FY24 figur
Slide 42: The Way Forward
The Way Forward
Slide 43: SWOT Analysis
SWOT Analysis Strengths Weakness Opportunities Threats • Promoters exhibit strong • Being Import dependent for raw • Indian HVAC Market expected to • May be due to risks or uncertainties or leadership and are supported by material, the company may face grow by a CAGR of 14.5% till 2029 as assumption
Slide 44: Core Competencies
Core Competencies Strong leaders with Effective quality control Consistent financial Established Long‐standing business experienced senior checks performance Manufacturing facility relationships with management leading clientele • Strong leadership from • In-house facility for stringent • Growth fro
Slide 45: Strategic Direction
Strategic Direction • Served 113 customers in FY 2023-24 Commitment to high-quality, safety- • Top 10 customers accounted for compliant products Close interaction • Diversifying customer base and with customers to understand market increasing market share 72.31% of revenue • Focus on expanding custo
Slide 46: Stock Information
BSE ISIN 2,00,00,000 3,00,00,000 1,00,00,000 4,00,00,000 0 Source: NSE NSE Code 03-Oct-24 Face Value ₹ 05-Oct-24 Share Price ₹ Investor Presentation 52 Week Low ₹ 07-Oct-24 52 Week High ₹ 478.79 Stock Data 09-Oct-24 11-Oct-24 13-Oct-24 No. of Share Outstanding 15-Oct-24 Market Capitalization ₹ Cr 17
Slide 47: Thank You
Thank You KRN Heat Exchanger And Refrigeration Limited Plot No. F-46,47,48,49, EPIP, RIICO Industrial Area, Neemrana – 301705 (RJ) Phone: +91- 9257025440 Website: https://krnheatexchanger.com Email: cs@krnheatexchanger.com Kirin Advisors Private Limited 713-B, Lodha Supremus II, Wagle Estate, Thane
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