Krn Heat Exchanger And Refrigeration Limited · NSE:KRN
Krn Heat Exchanger And Refrigeration — Q2 FY25 Earnings Presentation
40 slides from Krn Heat Exchanger And Refrigeration's earnings presentation, November 2025
Slide 1: KRN Heat Exchanger And Refrigeration Limited Q2 FY25 Investor Presentation
KRN Heat Exchanger And Refrigeration Limited Q2 FY25 Investor Presentation
Slide 2: 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 3: Q2 & H1 FY25 Financial Highlights
Q2 & H1 FY25 Financial Highlights
Slide 4: Quarterly Profit & Loss Statement - Consolidated
Quarterly Profit & Loss Statement - Consolidated In ₹ Lakhs Particulars Q2 FY25 Q2 FY24 YoY H1 FY25 H1 FY24 YoY Revenues 9,109.59 7,119.44 18,688.04 16,064.24 Other Income 144.49 87.31 263.78 241.04 Total Income 9,254.08 7,206.75 28.41% 18,951.82 16,305.28 16.24% Cost Of Revenue Operation 6,441.82 5
Slide 5: Company Overview
Company Overview
Slide 6: KRN Heat Exchanger And Refrigeration Limited: Customized Heat Exchanger Production
KRN Heat Exchanger And Refrigeration Limited: Customized Heat Exchanger Production o KRN Heat Exchanger and Refrigeration Limited (KRN, The Company) specializes in manufacturing fin and tube-type heat exchangers for the HVAC&R industry. Using non-ferrous metals like copper and aluminum, KRN produces
Slide 7: Essential Highlights
Essential Highlights 6 5MM to 15.88 2 Years In Business MM. heat Manufacturing Unit exchanger tubes FY24 (₹ in Lakhs) Revenue: 30,828.31 EBITDA: 5,845.24 PAT: 3,906.86 6 19 1.5+ million Products End-Use Product units Category Total Production Capacity CAGR Revenue: 40.52% EBITDA: 85.78% PAT: 92.07%
Slide 8: Journey Of Growth
Journey Of Growth 2020 2023 › Conversion of the › Company expanded its plant area to 7,800 Sq. Company from a private 2024 Mt. by acquiring plot no. 46 and 47 limited company to a › Company established Helium Leak testing KRN successfully got listed public limited company on the NSE and BSE machine,
Slide 9: Certificates
Certificates ISO 45001:2018 ISO 14001:2015 ISO 9001:2015 AHRI IS 11329 : 2018 BS EN ISO 13134 BS EN ISO 13535 UL-CA-2133826-0 Investor Presentation 9
Slide 10: 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 10
Slide 11: KRN's Management: Transforming Energy Challenges Into Opportunities
KRN’s Management: Transforming Energy Challenges Into Opportunities Mr. Santosh Kumar Yadav Mrs. Anju Devi Mr. Manohar Lal Chairman and Managing Director Whole Time Director Non-Executive Director Mr. Srinivasa Rao Anasingaraju Mr. Ketan Sharma Mr. Deepak Batheja Independent Director Independent Dir
Slide 12: Business Overview
Business Overview
Slide 13: Innovative Products Solutions
Innovative Products Solutions Evaporator Coils Fluid and Steam Headers / Copper Condenser Coils Condensing Units Sheet Metal Parts • Components for Coils Parts • Releases heat into the & Air-Cooling Units • Manufacturer of both cooling systems like • Fluid coils for • Produced using state- environme
Slide 14: Product & Usage Scenarios
Product & Usage Scenarios Air Conditioning Use Case Residential Cassette Fan Coil Unit Commercial Data Centre Precision Air Railway/Met Automotive Defence Air AC type HVAC (FCU) HVAC Cooling Conditioning ro HVAC HVAC Conditioning Products Investor Presentation 14
Slide 15: Product & Usage Scenarios
Product & Usage Scenarios Refrigeration Use Case Commercial Water Chest Beverage Vending Refrigeration Coolers Freezers Coolers Machines Products Investor Presentation 15
Slide 16: Product & Usage Scenarios
Product & Usage Scenarios Process Cooling White Goods Others Civil and Construction Cloth Dryer/Washing Machines Use Case Swimming Pool Medical Dry Air Cooler Heat Pump Equipment Products Investor Presentation 16
Slide 17: New Arrivals Preview
New Arrivals Preview The Bar & Plate Heat Exchanger is a device designed to recover heat from An oil cooler is a smaller, separate radiator Roll-Bond evaporators provide one fluid and transfer it to another from the engine's main radiator, designed unique design flexibility for direct without direct
Slide 18: Product Quality & Innovation
Product Quality & Innovation Quality Control: In-house quality checks like Helium Leak Test, Water Leak Test, Salt Spray Testing. Product Design: Continuous investment in product design and development. Investor Presentation 18
Slide 19: Advanced Coatings For Heat Exchanger Durability
Advanced Coatings For Heat Exchanger Durability o To enhance the longevity and corrosion resistance of heat exchangers and their components, advanced coatings such as nano coating and powder coating are applied to surfaces including copper tubes, brazing joints, and fin sheets. o Nano coating provid
Slide 20: Stringent Testing For KRN Products
Stringent Testing For KRN Products o KRN maintains a dedicated in-house facility for rigorous quality checks on its manufactured products. Their quality control process includes a range of stringent tests to ensure product excellence. o These tests encompass the Helium Leak Test, Water Leak Test, Co
Slide 21: Manufacturing Hub
Manufacturing Hub Location: Area: RIICO Industrial 1,00,000 Sq.ft Area, Neemrana, Rajasthan. Operational Efficiency Details Evaporator & Condenser Coils Headers/ Copper Parts: Sheet Metal Parts Installed Capacity: 5,66,551 Installed Capacity: 6,18,667 Installed Capacity: 5,56,800 Capacity Utilizatio
Slide 22: Client Testimonials
Client Testimonials Daikin Airconditioning India Private Limited (since 2018) Schneider Electric IT Business India Private Limited (since 2019) Schneider Electric IT Business India Private Limited (since 2019) Blue Star Limited (since 2021) Climaventa Climate Technologies Private Limited (since 2021
Slide 23: Geographical Wise Revenue Breakup
Geographical Wise Revenue Breakup FY24 In % In % In % FY23 FY22 9.57 0.08 14.68 0.05 11.40 0.07 85.26 88.53 90.35 Domestic Sales Export Sales Other Operating Income In ₹ Lakhs Particulars FY24 FY23 FY22 Domestic Sales 26,285.23 21,909.86 14,105.54 Export Sales 4,526.64 2,820.26 1,493.63 Other Operat
Slide 24: Product Wise Revenue Breakup
Product Wise Revenue Breakup FY24 In % FY23 In % FY22 In % FY21 In % 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 55.24 61.53 74.24 Evaporator Coils Condenser Coils Headers/Copper Parts Sheet Metal Parts Other Operating Revenue In ₹ Lakhs Particulars FY24
Slide 25: 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 ₹ Lakhs Particulars FY24 FY23 FY22 Asia 2,669.24 1,445.23 1,384.27 North America 1,065.97 753.75 13.83 Europe 791.43 621.18 95.53 Total Export Revenue 4,526.6
Slide 26: Industry Overview
Industry Overview
Slide 27: Global & Indian Heat Exchanger Market
Global & Indian Heat Exchanger Market Global Heat Exchange Market (In US Billion) 15.6 14.5 13.1 13.6 • The global heat exchanger market was valued at USD 15.6 billion in 2022, with an annual growth rate (CAGR) of 6.2% from 2019 to 2022. • This growth is driven by the increasing demand for sustainab
Slide 28: Growth Forecast In Indian Finned Tube Heat Exchanger Market
Growth Forecast In Indian Finned Tube Heat Exchanger Market 1 2 3 4 The demand for This growth is driven Consequently, the The annual turnover for finned tube heat by real estate increased finned tube heat exchangers in India construction, production of HVAC exchangers is anticipated is expected to
Slide 29: Financial Overview
Financial Overview
Slide 30: Key Financial Statement
Key Financial Statement Total Income EBITDA PAT EBITDA % PAT % 31,354.12 5,845.24 24,988.51 4,931.75 19.93 18.96 3,906.86 15,822.53 3,231.35 10.85 13.06 12.67 1,693.56 1,059.04 6.78 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 All Amount In ₹ Lakhs & Margins In % FY22 and FY23 figures are standalone
Slide 31: Profit & Loss Statement
Profit & Loss Statement In ₹ Lakhs Particulars FY24 FY23 FY22 Revenues 30,828.31 24,748.08 15,611.46 Other Income 525.81 240.43 211.07 Total Income 31,354.12 24,988.51 15,822.53 Cost Of Revenue Operation 22,225.58 17,628.87 12,263.86 Employee costs 1,310.41 927.80 607.21 Other expenses 1,447.08 1,25
Slide 32: Balance Sheet
Balance Sheet In ₹ Lakhs Equities & Liabilities FY24 FY23 FY22 Assets FY24 FY23 FY22 Equity 4,613.66 4,400.00 440.00 Non-Current Assets Reserves 8,551.05 1,557.01 2,113.15 Fixed Assets 8,764.18 3,287.48 2,170.52 Non-Controlling Interests 0.05 0.00 0.00 Net Worth 13,164.71 5,957.01 2,553.15 Non-Curre
Slide 33: Cashflow Highlights
Cashflow Highlights In ₹ Lakhs Particulars FY24 FY23 FY22 Cashflow from Operations 275.88 507.25 448.35 Cashflow from Investments -6,636.28 -1,398.69 -271.69 Cashflow from Financing 6,645.51 1,101.09 338.37 Net Cash Flow 285.11 209.65 515.03 FY22 and FY23 figures are standalone & FY24 figures are co
Slide 34: Key Ratios
Key Ratios (In %) (In %) ROE ROCE 75.94 54.88 50.46 40.86 34.65 31.21 FY22 FY23 FY24 FY22 FY23 FY24 Debt to Equity Ratio (In Times) Debt Service Coverage Ratio (In Times) 0.87 8.46 8.64 0.62 6.16 0.45 FY22 FY23 FY24 FY22 FY23 FY24 FY22 and FY23 figures are standalone & FY24 figures are consolidated.
Slide 35: Key Ratios
Key Ratios Current Ratio (In Times) Receivable Turnover Ratio (In Times) 1.77 7.23 1.61 1.28 6.77 6.60 FY22 FY23 FY24 FY22 FY23 FY24 Earnings Per Share Net Asset Value Per Share (In ₹) (In ₹) 8.69 28.53 7.34 13.54 2.41 5.80 FY22 FY23 FY24 FY22 FY23 FY24 FY22 and FY23 figures are standalone & FY24 fi
Slide 36: The Way Forward
The Way Forward
Slide 37: Core Competencies
Core Competencies Strong leaders with Effective quality control Consistent financial Established Manufacturing Long‐standing business experienced senior checks performance facility relationships with leading management clientele • Sustained relationships with • Strong leadership from • In-house faci
Slide 38: Strategic Direction
Strategic Direction • Served 112 customers in FY 2022-23 • Top 10 customers accounted for 75.94% of revenue Expanding our customer • Presence in 17 states in India and exports to 9 countries base • Strategy to deepen market penetration and reduce dependency on top customers • Aim to tap into new mar
Slide 39: Stock Data
Stock Data Stock Information Share Holding Pattern As on 05-11-2024 As on 30-09-2024 NSE Code KRN BSE 544263 ISIN INE0Q3J01015 29.21% Share Price ₹ 450.40 Promoter & Promoter Group Market Capitalization ₹ Cr 2,799.53 No. of Share Outstanding 6,21,56,600 Public Face Value ₹ 10.00 70.79% 52 Week High
Slide 40: KRN Heat Exchanger And Refrigeration Limited contact details
KRN Heat Exchanger And Refrigeration Limited Kirin Advisors Private Limited Plot No. F-46,47,48,49, EPIP, RIICO Industrial Area, 713-B, Lodha Supremus II, Wagle Estate, Neemrana – 301705 (RJ) Thane West – 400 604. Phone: +91- 9257025440 Phone: 022 4100 2455 Website: https://krnheatexchanger.com Webs
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