An overview of Krn heat exchanger & refrigeration ltd.

KRN Heat Exchangers is involved in manufacturing tube heat exchangers used in air conditioners and refrigerators at large. KRN is a leading manufacturer & exporter of aluminum and copper fins and tube heat exchangers, water coils, condensers, and evaporator coils used in the heating, ventilation, air conditioning, and refrigerator industries.

Some of KRN's major clients are Daikin, Schneider Electric, Carrier, Eberspacher, Voltas, Godrej, and many more.

KRN is raising 314.95 Cr through public issue which opened on 25th Sep and has been subscribed 24.09x on its first day. The objective of the issue is to invest in a wholly owned subsidiary, KRN HVAC Products Pvt Ltd., to set up a new manufacturing facility at Neemrana, Alwar.

INCOME STATEMENT:

KRN has had a Yoy growth of 25% in sales with 41% compounded sales growth in last 4 years. The operating margins have been increasing and the company is making a profit consistently.

KEY FINANCIAL RATIOS:

The issue has a GMP of 109% as of today and is worth considering for listing gains based on the company’s financials and fundamentals.