KRN Heat Exchanger and Refrigeration Ltd was started in the year 2017 and is situated in Rajasthan, India. The are able to make heat exchangers and other items of refrigeration including heaters, air conditioners, refrigerators, condenser coils among others through the use of various metals in manufacture and design even though their main product is heat exchangers.(KRN Heat Exchanger and Refrigeration Share Price Target)
What is KRN Heat Exchanger and Refrigeration Ltd?
KRN Heat Exchanger And Refrigeration Pvt Ltd is a private limited industy company located in India which is dealing mainly in electronic products and equipment which include heat exchangers and evaporators and condenser coils manufactured from aluminum and copper. These products find their application in heating, ventilation, air conditioning, and refrigeration systems. KRN Heat Exchanger Share Price Target 2024, 2025, 2030, 2040, 2050
KRN Heat Exchanger Share Price Target Tomorrow
The IPO involved an offer at ₹ 209/- and ₹ 220/- for 15,543,000 fresh shares. It was open for subscription from one Wednesday, September 25, 2024 to Friday September 27, 2024. The ‘Initial Public Offering’ exercise was again heavily flooded with-subscription as bids in excess of the available shares was 214.42 times where interest was more than 431.63 times on offer. Based on all these factors, then there is a high possibility of the increase of the stock price in the near future because it is expected that it will be upward on its listing or trading on October 3, 2024.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2024 | -23 | +90 |
KRN Heat Exchanger and Refrigeration Share Price Target 2024
This Indian private company specializes in manufacturing heat exchangers and has built its reputation for providing its designs to suit the customers’ requirements. The fact that they adopt modern machinery and the latest technology guarantees high quality products. Even though the company is officially admitted to in 2017, it has more than 20 years of experience in the given sphere. Again they open their IPO from September 25 to September 27, 2024 again they set the price band between ₹ 209 to ₹220. Annual target for share price by 2024 is ₹ 582.
Going by the advice of the experts, price target for 2024 is predicted to be or below ₹200 or reach ₹582.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2024 | 200 | 582 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| October | 200 | 539 |
| November | 296 | 571 |
| December | 344 | 582 |
KRN Heat Exchanger and Refrigeration Share Price Target 2025
The organization is principally involved in the producing of fin and tube type heat exchangers, the condenser coils, water coils, and evaporator coils from copper and aluminum. It is always supplied in various types of shapes and standard OD range from 5mm to 15.88mm with option of manufacturing according to customer specifications. They are widely used in ventilations systems and air conditioning, space and room heating, and refrigeration hardware for central, individual and industrial purposes. This Company is established in India and is also international. Based on the strong fundamentals and the IPO moment provoked by the high interest from the populace, the analysis predicts share price target of ₹811 by the end of 2025.
By 2025, its share price is expected to range between ₹250 and ₹811.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2025 | 250 | 811 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 250 | 574 |
| February | 264 | 570 |
| March | 285 | 598 |
| April | 291 | 590 |
| May | 336 | 633 |
| June | 368 | 650 |
| July | 395 | 687 |
| August | 400 | 732 |
| September | 425 | 767 |
| October | 438 | 788 |
| November | 456 | 790 |
| December | 470 | 811 |
KRN Heat Exchanger Share Price Target 2030
Currently, the firm has a long list of both international and local clients that include Blue Star, Climate Technologies by Climaventa, Daikin Air Conditioning India and Schneider Electric IT Business India. They perform all safety tests including leak tests, contamination tests, unidirectional rapid salt spray tests, burst pressure and pressure cycling test. Altogether, during the given period, company has experienced increment in its revenues and profits. This year it gives a target of ₹600 for the next FY 2022 and total for the next decade analysts has given ₹957.
In 2030, its share price probably would be between ₹790 to ₹957.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2030 | 790 | 957 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 790 | 815 |
| February | 798 | 820 |
| March | 807 | 831 |
| April | 819 | 856 |
| May | 827 | 869 |
| June | 825 | 887 |
| July | 851 | 913 |
| August | 873 | 920 |
| September | 880 | 921 |
| October | 900 | 920 |
| November | 890 | 940 |
| December | 900 | 957 |
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Share Price Target 2040
The organization produces fin-and-tube heat exchanger coils in standard and customized designs and makes use of aluminum and copper fins of different gauges. The distance between the fins, which is an important design aspect of the condenser, is in the region of 1.15 mm to 8.47 mm (3 to 22 fins per inch). Depending on application, Anti-corrosive coats that are heavy in nature can be applied on the fins with various uses, and heat exchanger lack no custom paints consumers apply them.
For quality purposes, every coil is tested for leakages using either air saturated under pressure in water or helium in a suitable testing chamber. Coils are effectively and adequately packed and skilled personnel employed to prevent damage while transporting them over the sea land or air. The company has been rather calm through the years being profitable through recent years. Experts are predicting that the share price target of the company for the year 2040 would range from ₹1, 900 to ₹2, 268.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2040 | 1900 | 2268 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 1900 | 1937 |
| February | 1920 | 1955 |
| March | 1934 | 1967 |
| April | 1950 | 1980 |
| May | 1940 | 2010 |
| June | 1954 | 2034 |
| July | 1970 | 2057 |
| August | 1997 | 2100 |
| September | 2031 | 2135 |
| October | 2058 | 2156 |
| November | 2104 | 2123 |
| December | 2136 | 2268 |
Share Price Forecast
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2024 | 200 | 532 |
| 2025 | 250 | 811 |
| 2030 | 790 | 957 |
| 2040 | 1900 | 2268 |
| 2050 | 3008 | 3513 |
Should I Buy KRN Heat Exchanger and Refrigeration Ltd stock?
KRN Heat Exchanger and Refrigeration Ltd Earning Results
| Assets | 148.76 |
| ROE | 40.86% |
| ROCE | 31.21% |
| Debt/Equity | 0.45 |
| RoNW | 29.68% |
| PAT Margin (%) | 12.67 |
| Profit After Tax | 32.31 |
| Net Worth | 59.57 |
| Total Borrowing | Total Borrowing |
| Revenue | 249.89 |
Is KRN Heat Exchanger and Refrigeration Ltd Stock Good to Buy? (Bull case & Bear case)
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Bull Case:
- The use of ac, heating and ventilating devices is on the rise because of population increase in cities as a result of urbanization as well as the effects of climate change.
- The clients or product partners of the company are well known such as Daikin and Schneider Electric.
- KRN undergoes stringently testing on the products it sells in order to produce high quality products.In addition to the standard products that the company offers, it also offers special coils to cater for the needs of each buyer.
- In the last few years, KRN has shown a strong sales and profit growth year after year.
- It can help reduce risks that may be associated with the enterprise and might help boost its overall sales revenue in the international market.
Bear Case:
It is an oligopolistic industry therefore the competition inherent in the business adversely affects prices and profits. This makes cost of product factors such as copper and aluminum change and this affects the price of products leading to influence on profitability. Also, it’s critical for the company to be creative with the technology that is in use, the lack of which can be constraining to the company.
Conclusion
In this article, we covered information about KRN Heat Exchanger and Refrigeration Ltd., its products and sales, its performance in the past. A number of the expected investors can be in a dilemma whether to invest at the time of listing since its IPO is near. Here you will find all the necessary information to make a correct choice
FAQs
What factors influence the share price of KRN Heat Exchanger?
he share price can be influenced by several factors, including the company’s financial performance, market demand for its products, competition, raw material costs, and broader economic conditions.
What does a P/E ratio of 33.52 indicate about KRN Heat Exchanger and Refrigeration Ltd
The P/E ratio of KRN Heat Exchanger and Refrigeration Ltd is 33.52.
