KRN Heat Exchanger is a specialized company engaged in the design, manufacturing, and supply of high-quality heat exchangers for various industrial applications. The company provides solutions for thermal energy transfer across industries such as power generation, oil and gas, petrochemicals, food processing, and HVAC (Heating, Ventilation, and Air Conditioning). Known for its innovative engineering and robust designs, KRN Heat Exchanger delivers reliable and efficient thermal management solutions. As of December 12, 2024, the KRN Heat Exchanger share price on the NSE is ₹814. Below are the projected KRN Heat Exchanger share price target for the years 2024, 2025, 2026, 2027, 2030, 2035 And 2040.
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KRN Heat Exchanger Company Overview
Headquartered in India, KRN Heat Exchanger serves both domestic and international markets with a strong commitment to quality and customer satisfaction. The company offers a wide range of heat exchangers, including shell and tube, plate, and air-cooled variants, tailored to meet specific client needs. With a focus on technological advancement, durability, and energy efficiency, KRN Heat Exchanger is a trusted partner for industries looking to optimize their thermal systems. Its expertise and commitment to excellence make it a significant player in the thermal engineering sector.
| Company type | Private |
| Traded as | NSE: KRN BSE: 544263 |
| ISIN | INE0Q3J01015 |
| Industry | Engineering |
| Founded | 2017 |
| Headquarters | F-48 & 49 E.P.I.P. RIICO, Neemrana, Rajasthan 301705 |
| Key people | Mr. Santosh Kumar Yadav (Founder & Managing Director) Mrs. Anju Devi (Whole Time Director) Mr. Manohar Lal (Non-Executive Director) Mr. Srinivasa Rao Anasingaraju (Independent Director) Mr. Ketan Sharma (Independent Director) CA Deepak Batheja (Independent Director) |
| Phone | +91 731586625 |
| [email protected] | |
| Products | Evaporator Coils Condenser Coils Fluid and Steam Coils Condensing Units Headers / Copper Parts Sheet Metal Parts |
| Revenue | ₹314 Crore (2024) |
| Net income | ₹39.07 crore (2024) |
| Total Assets | ₹258 crore (2024) |
| Total Equity | ₹132 crore (2024) |
| Total employees | 553 employees |
| Website | https://krnheatexchanger.com/ |
KRN Heat Exchanger Share Price Target 2025 To 2040 Forecast
| Year | Year High Target (₹) | Year Low Target (₹) | Year-End Target (₹) |
| 2024 | ₹870 | ₹410 | ₹850 |
| 2025 | ₹1,009 | ₹684 | ₹989 |
| 2026 | ₹1,170 | ₹861 | ₹1,147 |
| 2027 | ₹1,357 | ₹951 | ₹1,330 |
| 2028 | ₹1,573 | ₹1154 | ₹1,541 |
| 2029 | ₹1,820 | ₹1370 | ₹1,784 |
| 2030 | ₹2,105 | ₹1,400 | ₹2,062 |
| 2035 | ₹3,315 | ₹1,920 | ₹3,736 |
| 2040 | ₹5,725 | ₹3,469 | ₹4,892 |
Technical Analysis for KRN Heat Exchanger
KRN Heat Exchanger Share Price Target 2025
| Year | 1st Target | 2nd Target |
| 2025 | ₹935 | ₹1,009 |
In 2025, KRN Heat Exchanger’s share price is projected to reach ₹935 as the first target and ₹1,009 as the second target. This growth reflects the company’s commitment to innovation and its expanding role in the heat exchanger market.
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KRN Heat Exchanger Share Price Target 2026
| Year | 1st Target | 2nd Target |
| 2026 | ₹1,070 | ₹1,170 |
By 2026, KRN Heat Exchanger is expected to achieve a share price of ₹1,070 as the first target and ₹1,170 as the second target. These figures underscore the company’s strong market performance and its strategic initiatives to enhance product efficiency.
KRN Heat Exchanger Share Price Target 2027
| Year | 1st Target | 2nd Target |
| 2027 | ₹1,155 | ₹1,357 |
In 2027, KRN Heat Exchanger’s share price is anticipated to climb to ₹1,155 as the first target and ₹1,357 as the second target. The company’s focus on developing advanced thermal management solutions is likely to drive this growth.
KRN Heat Exchanger Share Price Target 2028
| Year | 1st Target | 2nd Target |
| 2028 | ₹1,375 | ₹1,573 |
For 2028, KRN Heat Exchanger’s share price could reach ₹1,375 as the first target and ₹1,573 as the second target. This progression reflects the company’s efforts to meet increasing demand in industrial and commercial applications.
KRN Heat Exchanger Share Price Target 2029
| Year | 1st Target | 2nd Target |
| 2029 | ₹1,420 | ₹1,820 |
By 2029, KRN Heat Exchanger’s share price is projected to rise to ₹1,420 as the first target and ₹1,820 as the second target. This growth highlights its ability to adapt to market trends and deliver high-performance products.
KRN Heat Exchanger Share Price Target 2030
| Year | 1st Target | 2nd Target |
| 2030 | ₹1,705 | ₹2,105 |
Looking forward to 2030, KRN Heat Exchanger’s share price could reach ₹1,705 as the first target and ₹2,105 as the second target. The company’s emphasis on innovation and expansion into new markets will likely contribute to this performance.
KRN Heat Exchanger Share Price Target 2035
| Year | 1st Target | 2nd Target |
| 2035 | ₹2,615 | ₹3,315 |
By 2035, KRN Heat Exchanger’s share price is expected to achieve ₹2,615 as the first target and ₹3,315 as the second target. These targets reflect its sustained growth and leadership in the heat exchanger industry.
Read More:- Hyundai Motor Share Price Target 2025, 2030, 2035, 2040
KRN Heat Exchanger Share Price Target 2040
| Year | 1st Target | 2nd Target |
| 2040 | ₹4,825 | ₹5,725 |
In 2040, KRN Heat Exchanger’s share price is anticipated to reach ₹4,825 as the first target and ₹5,725 as the second target. Such a significant rise underscores its dominance in the global market, driven by advanced technology and a commitment to sustainability.
KRN Heat Exchanger and Refrigeration Limited Fundamentals
| Parameter | Value |
| Market Cap | ₹5,190Cr |
| P/E Ratio (TTM) | 132.75 |
| P/B Ratio | 10.74 |
| Industry P/E | 77.06 |
| Debt to Equity | 0.15 |
| ROE | 13.69% |
| EPS (TTM) | 6.29 |
| Dividend Yield | 0.00% |
| 52 Week High | ₹879 |
| 52 Week Low | ₹402 |
| Book Value | 77.73 |
| Face Value | 10 |
KRN Heat Exchanger and Refrigeration Limited Financial Results
| All in ₹Cr. | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| Sales | 76 | 156 | 246 | 308 |
| Expenses | 70 | 139 | 197 | 249 |
| Operating Profit | 5 | 17 | 49 | 59 |
| OPM % | 7% | 11% | 20% | 19% |
| Other Income | 1 | 2 | 2 | 5 |
| Interest | 1 | 2 | 3 | 4 |
| Depreciation | 2 | 3 | 3 | 4 |
| Profit before tax | 3 | 15 | 46 | 56 |
| Tax % | 27% | 29% | 29% | 29% |
| Net Profit | 2 | 11 | 32 | 40 |
| EPS in Rs | 5.61 | 24.07 | 7.34 | 8.64 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
Source: https://www.screener.in/company/KRN/#profit-loss
KRN Heat Exchanger and Refrigeration Limited Balance Sheet
| All in ₹Cr. | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
| Equity Capital | 4 | 4 | 44 | 46 | 62 |
| Reserves | 9 | 21 | 16 | 85 | 438 |
| Borrowings | 17 | 22 | 37 | 60 | 53 |
| Other Liabilities | 23 | 45 | 53 | 39 | 55 |
| Total Liabilities | 52 | 93 | 149 | 230 | 609 |
| Fixed Assets | 21 | 21 | 32 | 27 | 26 |
| CWIP | 0 | 0 | 0 | 1 | 1 |
| Investments | 0 | 0 | 0 | 5 | 5 |
| Other Assets | 31 | 71 | 117 | 197 | 577 |
| Total Assets | 52 | 93 | 149 | 230 | 609 |
Source: https://www.screener.in/company/KRN/#balance-sheet
KRN Heat Exchanger and Refrigeration Limited Shareholding Pattern
| Sep 2024 | Oct 2024 | |
| Promoters | 70.79% | 70.79% |
| FIIs | 4.05% | 4.05% |
| DIIs | 7.46% | 7.36% |
| Public | 17.69% | 17.80% |
| No. of Shareholders | 87,558 | 87,558 |
Source: https://www.screener.in/company/KRN/#shareholding
KRN Heat Exchanger and Refrigeration Limited Peers comparison
| Sector: Engineering | Industry: Engineering | ||||
| Name | P/E | Mar Cap Rs.Cr. | NP Qtr Rs.Cr. | Sales Qtr Rs.Cr. | ROCE % |
| Tega Inds. | 63.8 | 10781.14 | 7.22 | 353.3 | 19.2 |
| Azad Engineering | 151.92 | 10594.79 | 20.88 | 111.54 | 19.89 |
| The Anup Enginee | 60.5 | 7219.07 | 32.31 | 187.87 | 22.58 |
| Skipper | 60.87 | 6528.3 | 33.94 | 1109.74 | 20.33 |
| KRN Heat Exchan | 130.12 | 5186.76 | 12.1 | 98.94 | 42.09 |
| Rajoo Engineers | 174.43 | 4280.7 | 7.24 | 56.81 | 23.7 |
| KP Green Engg. | 56.91 | 2942.75 | 27.48 | 262.36 | 29.85 |
Source: https://www.screener.in/company/KRN/#peers
FAQs
Q.1. What is the share price target for KRN Heat Exchanger in 2025?
Ans: In 2025, the share price target for KRN Heat Exchanger is expected to reach ₹935 for the first target and ₹1,009 for the second target. This shows potential growth based on current market conditions.
Q.2. What is the share price target for KRN Heat Exchanger in 2026?
Ans: For 2026, KRN Heat Exchanger’s share price targets are ₹1,070 for the first target and ₹1,170 for the second target. This indicates continued positive movement in the company’s stock.
Q.3. What is the share price target for KRN Heat Exchanger in 2027?
Ans: In 2027, the share price targets for KRN Heat Exchanger are projected at ₹1,155 for the first target and ₹1,357 for the second target, reflecting optimism about its market performance.
Q.4. What is the share price target for KRN Heat Exchanger in 2028?
Ans: For 2028, the share price targets for KRN Heat Exchanger are ₹1,375 for the first target and ₹1,573 for the second target, showing expected growth and positive market sentiment.
Q.5. What is the share price target for KRN Heat Exchanger in 2029?
Ans: In 2029, the share price targets are ₹1,420 for the first target and ₹1,820 for the second target. These targets indicate further price appreciation and market confidence in the company.
Q.6. What is the share price target for KRN Heat Exchanger in 2030?
Ans: By 2030, the share price targets for KRN Heat Exchanger are ₹1,705 for the first target and ₹2,105 for the second target, indicating strong long-term growth potential.
Q.7. What is the share price target for KRN Heat Exchanger in 2035?
Ans: For 2035, the share price targets for KRN Heat Exchanger are ₹2,615 for the first target and ₹3,315 for the second target, reflecting substantial long-term growth.
Q.8. What is the share price target for KRN Heat Exchanger in 2040?
Ans: By 2040, the share price targets are ₹4,825 for the first target and ₹5,725 for the second target, indicating the company’s potential to significantly increase in value over the next two decades.
Q.9. What are the NSE and BSE codes for KRN Heat Exchanger and Refrigeration Limited?
Ans: KRN Heat Exchanger and Refrigeration Limited is listed on the National Stock Exchange (NSE) under the code KRN, and on the Bombay Stock Exchange (BSE) with the code 544263.
Q.10. Who is the CEO of KRN Heat Exchanger and Refrigeration Limited?
Ans: The CEO of KRN Heat Exchanger and Refrigeration Limited is Mr. Santosh Kumar Yadav.
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