KRN Heat Exchanger and Refrigeration Limited (NSE:KRN)

NSE:KRN Financials Overview

Financials in millions INR. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	9,042	6,001	4,298	3,083	2,475	1,561
Revenue Growth	77.18%	39.60%	39.43%	24.57%	58.49%	105.94%
Gross Profit Gross Profit Growth	2,865	1,883	1,109	860.27	711.92	335.11
Operating Income Operating Income Growth	1,414	981.69	685.45	567.41	479.71	150.99
Net Income Net Income Growth	1,150	764.67	528.75	393.9	323.14	105.9
Earnings Per Share EPS Growth	18.18	12.30	9.75	8.76	7.34	2.41
EPS Growth	91.27%	26.15%	11.30%	19.35%	204.95%	210.97%

Revenue by Geography

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
India India Growth	7,220	5,006	3,624	2,630	2,193	1,412
Overseas Overseas Growth	-	994.57	674.51	452.66	282.03	149.36
Total Total Growth	9,042	6,001	4,298	3,083	2,475	1,561

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	1,856	99.88	102.63	103.08	74.57	53.61
Total Debt Total Debt Growth	1,532	1,873	334.67	869.6	366.44	221.22
Net Cash (Debt) Net Cash Growth	324.59	-1,773	-232.04	-766.52	-291.87	-167.62
Net Cash Growth	-22.38%	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	5.13	-28.53	-4.28	-17.05	-6.63	-3.81

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	-3,032	-1,138	214.44	169.25	50.73	44.84
Capital Expenditures CapEx Growth	-1,480	-2,475	-1,510	-697.86	-139.99	-25.71
Free Cash Flow Free Cash Flow Growth	-4,513	-3,613	-1,296	-528.61	-89.26	19.12
Free Cash Flow Growth	-	-	-	-	-	-

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	31.69%	31.37%	25.80%	27.91%	28.77%	21.46%
Operating Margin	15.63%	16.36%	15.95%	18.40%	19.38%	9.67%
Pretax Margin	15.58%	16.32%	17.29%	18.14%	18.38%	9.59%
Profit Margin	12.72%	12.74%	12.30%	12.78%	13.06%	6.78%
FCF Margin	-49.91%	-60.22%	-30.14%	-17.15%	-3.61%	1.23%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 3, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	56.97	69.24	102.47	-	-	-
Forward PE	43.97	44.08	-	-	-	-
PS Ratio	7.89	8.82	12.61	-	-	-

Data Source: S&P Global Market Intelligence Last updated: Oct 29, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 3, 2026

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