F-14/15, Orbit Mall, Civil Lines, Jaipur-302006
support@thetaxheaven.com
F-14/15, Orbit Mall, Civil Lines, Jaipur-302006 support@thetaxheaven.comKRN Heat Exchanger and Refrigeration Ltd, a rapidly emerging player in the engineering and thermal solutions sector, has shown strong momentum in the Indian stock market. As of April 22, 2025, KRN’s share price stands at ₹823.80 with a market capitalization of ₹5,087 crore. In this article, we will explore KRN's current performance metrics, shareholding pattern, and forecast share price targets from 2025 to 2030.
Let’s begin by reviewing the key trading and financial metrics for KRN Heat Exchanger and Refrigeration Ltd:
Open Price: ₹823.80
Previous Close: ₹821.40
Volume: 309,372 shares
Value (Lacs): ₹2,532.36
VWAP (Volume Weighted Average Price): ₹820.33
Beta: 1.87
Market Capitalization: ₹5,087 Crore
High: ₹828.65
Low: ₹811.80
Upper Circuit Limit: ₹985.65
Lower Circuit Limit: ₹657.15
52-Week High: ₹1,012.00
52-Week Low: ₹402.10
Face Value: ₹10
All-Time High: ₹1,012.00
All-Time Low: ₹402.10
KRN’s current trading range reflects both market confidence and volatility, as seen from its wide 52-week span of ₹402.10 to ₹1,012.00. With a beta of 1.87, the stock is significantly more volatile than the market average, offering both risk and return opportunities.
The equity structure of KRN Heat Exchanger and Refrigeration Ltd is as follows:
Promoters: 70.79%
Retail and Others: 21.72%
Other Domestic Institutions: 4.11%
Mutual Funds: 2.17%
Foreign Institutions: 1.21%
A substantial promoter holding of 70.79% indicates strong insider confidence and long-term commitment. Retail investors hold a significant 21.72%, suggesting healthy public interest and liquidity in the stock.
Based on market trends, financials, and business expansion potential, here’s a forecast of KRN’s share price trajectory:
| Year | Share Price Target (₹) |
|---|---|
| 2025 | 823.80 – 985.65 |
| 2026 | 985.65 – 1,120.00 |
| 2027 | 1,120.00 – 1,250.00 |
| 2028 | 1,250.00 – 1,400.00 |
| 2029 | 1,400.00 – 1,550.00 |
| 2030 | 1,550.00 – 1,700.00 |
In 2025, the stock is projected to move between ₹823.80 and ₹985.65. This range is driven by:
Consistent Order Book: Strong demand from the refrigeration and thermal systems industry.
Growth in Manufacturing Sector: Boosted by Make in India and government support for industrial development.
Operational Efficiency: Improved plant utilization and efficient cost management.
By 2026, KRN is expected to continue its upward momentum due to:
Export Expansion: Entry into global markets, particularly in the Middle East and Southeast Asia.
Strategic Tie-ups: Collaborations with OEMs and industrial players.
Revenue Boost: Expansion in HVAC and energy-efficient systems.
Forecasts for 2027 suggest further gains due to:
R&D Investment: Focus on developing innovative and eco-friendly solutions.
Product Diversification: Launch of new categories in industrial heat exchangers and energy-saving refrigeration.
Operational Scalability: Establishment of new manufacturing units.
In 2028, the company is likely to benefit from:
Government Contracts: Participation in smart city and public infrastructure cooling systems.
Rising ESG Focus: Products aligned with energy conservation and emission reduction norms.
Strong Cash Flow: Enhanced profitability and dividend potential.
The growth in 2029 may be led by:
Global Footprint: Entry into North American and European markets.
Brand Recognition: Becoming a known brand in the thermal engineering space.
Institutional Interest: Higher mutual fund and FII participation.
By 2030, KRN may reach new highs owing to:
Leadership in Thermal Solutions: Dominance in heat exchanger technology.
Technological Integration: Use of AI/IoT for smart diagnostics in refrigeration.
Robust Financials: Sustained margins, revenue growth, and debt control.
Several strategic factors are likely to influence KRN’s long-term performance:
Industrial Growth: India’s rising demand for industrial and commercial cooling systems.
Sustainable Technologies: Innovation in energy-saving, environmentally friendly solutions.
Government Support: Policies favoring manufacturing, exports, and green technology.
Private Sector Tie-ups: Long-term contracts with industrial customers ensure recurring revenue.
Despite its strong outlook, KRN faces the following challenges:
Raw Material Costs: Volatility in steel and copper prices can impact margins.
Competition: Pressure from both domestic and international players.
Regulatory Compliance: Stricter environmental norms and quality standards.
Market Volatility: High beta suggests the stock is susceptible to broader market swings.
What is the projected share price of KRN in 2025?
The projected share price target for 2025 is between ₹823.80 and ₹985.65, supported by strong fundamentals and rising demand.
Is KRN a good long-term investment?
Yes, considering its innovative product line, strong promoter holding, and market expansion, KRN holds promising long-term potential. However, market volatility should be factored in.
How does the shareholding pattern affect KRN’s stock price?
With over 70% held by promoters, KRN’s stock is relatively stable and reflects high internal confidence, which bodes well for long-term investors.
What industries does KRN serve?
KRN provides solutions across industrial refrigeration, HVAC, heat exchangers, and customized thermal systems for multiple sectors.
KRN Heat Exchanger and Refrigeration Ltd is on a strong growth trajectory, backed by a solid promoter foundation, rising market demand, and technological innovation. The projected share price targets from 2025 to 2030 reflect a promising outlook for investors. While the company offers significant upside, it is essential to stay aware of the risks related to market volatility and competition. Investors seeking exposure to the industrial and thermal engineering sector may find KRN a compelling long-term bet.
Register & Login