KRN Heat Exchanger and Refrigeration Net Assets
KRN Heat Exchanger and Refrigeration net assets. Based on the latest financial reports, KRN Heat Exchanger and Refrigeration (KRN) has net assets worth Rs5.74 Billion INR (≈ $62.08 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs9.32 Billion ≈ $100.77 Million USD) and total liabilities (Rs3.58 Billion ≈ $38.70 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore KRN net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs5.74 Billion |
| % of Total Assets | 61.6% |
| Annual Growth Rate | 102.34% |
| 5-Year Change | 2148.18% |
| 10-Year Change | N/A |
| Growth Volatility | 85.57 |
Net Assets of KRN Heat Exchanger and Refrigeration (2020–2026)
Net assets of KRN Heat Exchanger and Refrigeration from 2020 to 2026. This chart illustrates how KRN Heat Exchanger and Refrigeration's net assets have evolved over time, based on quarterly financial data. See KRN equity to assets ratio to measure how much of total assets are equity-financed.
Annual Net Assets for KRN Heat Exchanger and Refrigeration (2020–2026)
The table below shows the annual net assets of KRN Heat Exchanger and Refrigeration from 2020 to 2026. For live market cap and overall valuation, see KRN Heat Exchanger and Refrigeration (KRN) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs5.74 Billion ≈ $62.08 Million |
+15.11% |
| 2025-03-31 | Rs4.99 Billion ≈ $53.93 Million |
+282.73% |
| 2024-03-31 | Rs1.30 Billion ≈ $14.09 Million |
+118.71% |
| 2023-03-31 | Rs595.70 Million ≈ $6.44 Million |
+133.32% |
| 2022-03-31 | Rs255.31 Million ≈ $2.76 Million |
+116.75% |
| 2021-03-31 | Rs117.79 Million ≈ $1.27 Million |
+40.70% |
| 2020-03-31 | Rs83.72 Million ≈ $905.37K |
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Equity Component Analysis
This analysis shows how different components contribute to KRN Heat Exchanger and Refrigeration's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 176412400000.0% over the analyzed period, indicating profitable operations and earnings retention.
KRN Heat Exchanger and Refrigeration Net Assets Breakdown (March 2026)
KRN Heat Exchanger and Refrigeration net assets breakdown by equity component as of March 2026.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs1.76 Billion | 30.73% |
| Common Stock | Rs621.57 Million | 10.83% |
| Other Comprehensive Income | Rs90.67 Million | 1.58% |
| Other Components | Rs3.26 Billion | 56.86% |
| Total Equity | Rs5.74 Billion | 100.00% |
KRN Heat Exchanger and Refrigeration Competitors by Market Cap
The table below lists competitors of KRN Heat Exchanger and Refrigeration ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Unusual Machines, Inc.
NYSE MKT:UMAC
|
$733.06 Million |
|
Quest Holdings S.A
AT:QUEST
|
$733.19 Million |
|
V V Food & Beverage Co Ltd
SHG:600300
|
$733.58 Million |
|
Aeroflex Industries Limited
NSE:AEROFLEX
|
$733.59 Million |
|
China Shineway Pharmaceutical Group Limited
F:C1S
|
$733.01 Million |
|
Nanjing Cosmos Chemical Co Ltd
SHE:300856
|
$732.97 Million |
|
Finnair Oyj
HE:FIA1S
|
$732.74 Million |
|
Gujarat Ambuja Exports Limited
NSE:GAEL
|
$732.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KRN Heat Exchanger and Refrigeration's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 4,986,345,000 to 5,739,948,000, a change of 753,603,000 (15.1%).
- Net income of 764,674,000 contributed positively to equity growth.
- Share repurchases of 2,616,000 reduced equity.
- Other comprehensive income decreased equity by 8,455,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs764.67 Million | +13.32% |
| Share Repurchases | Rs2.62 Million | -0.05% |
| Other Comprehensive Income | Rs-8.46 Million | -0.15% |
| Total Change | Rs- | 15.11% |
Book Value vs Market Value Analysis
This analysis compares KRN Heat Exchanger and Refrigeration's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 11.22x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 544.24x to 11.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-03-31 | Rs1.90 | Rs1035.50 | x |
| 2021-03-31 | Rs2.68 | Rs1035.50 | x |
| 2022-03-31 | Rs5.48 | Rs1035.50 | x |
| 2023-03-31 | Rs12.78 | Rs1035.50 | x |
| 2024-03-31 | Rs27.95 | Rs1035.50 | x |
| 2025-03-31 | Rs91.95 | Rs1035.50 | x |
| 2026-03-31 | Rs92.33 | Rs1035.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KRN Heat Exchanger and Refrigeration utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.32%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.74%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.62x
- Recent ROE (13.32%) is below the historical average (31.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 42.90% | 4.28% | 2.48x | 4.04x | Rs27.54 Million |
| 2021 | 28.93% | 4.49% | 1.42x | 4.54x | Rs22.30 Million |
| 2022 | 41.48% | 6.79% | 1.68x | 3.63x | Rs80.37 Million |
| 2023 | 54.24% | 13.07% | 1.66x | 2.50x | Rs263.56 Million |
| 2024 | 30.23% | 12.78% | 1.20x | 1.98x | Rs263.61 Million |
| 2025 | 10.60% | 12.32% | 0.72x | 1.19x | Rs30.12 Million |
| 2026 | 13.32% | 12.74% | 0.64x | 1.62x | Rs190.68 Million |
Industry Comparison
This section compares KRN Heat Exchanger and Refrigeration's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $8,159,028,357
- Average return on equity (ROE) among peers: -0.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KRN Heat Exchanger and Refrigeration (KRN) | Rs5.74 Billion | 42.90% | 0.62x | $733.04 Million |
| AVALON TECHNOLOGIES LTD (AVALON) | $6.12 Billion | 10.37% | 0.70x | $1.44 Billion |
| IKIO Lighting Limited (IKIO) | $5.62 Billion | 5.50% | 0.20x | $139.34 Million |
| Kaynes Technology India Limited (KAYNES) | $24.88 Billion | 7.37% | 0.31x | $2.35 Billion |
| MIC Electronics Limited (MICEL) | $3.00 Billion | -20.01% | 0.92x | $93.02 Million |
| PG Electroplast Limited (PGEL) | $1.18 Billion | -3.85% | 1.26x | $1.68 Billion |
About KRN Heat Exchanger and Refrigeration
KRN Heat Exchanger and Refrigeration Limited manufactures and sells heating ventilation and air conditioning (HVAC) parts and accessories in India and internationally. It offers condenser, chilled water, evaporator, floating type, fluid and steam, heating, sea water, and Ss coils; charge air, combi oil, converter offline oil, oil, transformer oil, water coolers, and radiators; refrigerator compon… Read more