Why KRN Heat Exchanger and Refrigeration Share Price is Rising

KRN is entering a stronger growth phase, with the new facility expected to move from around 20% utilisation in FY26 to nearly 50% in FY27. This could significantly lift revenues over the next two years.

High-growth segments, such as Bus Air-Conditioning (a Rs 10 bn market, growing 20-25% annually) and data center cooling (about 15% of revenue), could contribute higher shares going forward.

Exports are steadily increasing in the US and Europe and are expected to improve the revenue mix and support better margins.

With consolidated Q3 FY26 EBITDA margin at 20.3% and strong operating leverage visible, higher capacity utilisation could further strengthen profitability.

Overall, improving scale, rising share of premium segments, and expanding global presence position the company for sustained topline and earnings growth in the coming years.

How shares of KRN Heat Exchanger and Refrigeration have performed recently

Over the past month, the company's share price has gained over 14%. So far in 2026, the stock is trading up 6%.

The stock touched its 52-week high of Rs 1,009.9 on 5 March 2025 and its 52-week low of Rs 589.75 on 27 January 2026.

About KRN Heat Exchanger and Refrigeration

KRN Heat Exchanger and Refrigeration is a leading manufacturer and exporter of precision-engineered aluminium and copper fin heat exchangers, condensers, evaporators, coils, and fluid coils, catering to the HVAC&R industry.

Incorporated in 2017 and headquartered in Neemrana, Rajasthan, the company operates a state-of-the-art manufacturing facility spread over 150,000 sq. ft., strategically located in the RIICO Industrial Area, part of the Delhi-Mumbai Industrial Corridor.

KRN serves domestic and global OEMs across air-conditioning, refrigeration, data centres, industrial and transport cooling applications. The company also exports to markets such as the UAE, the US, Canada, and Europe.

The company has developed strong capabilities in design, engineering, and backward integration, backed by advanced machinery and in-house testing to deliver reliable and customised solutions.

To know more, check out KRN Heat Exchanger and Refrigeration's factsheet and quarterly results.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.

Happy investing.

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...