KRN Heat Exchanger and Refrigeration (KRN) - Net Assets
Based on the latest financial reports, KRN Heat Exchanger and Refrigeration (KRN) has net assets worth Rs5.28 Billion INR (≈ $57.15 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs7.29 Billion ≈ $78.81 Million USD) and total liabilities (Rs2.00 Billion ≈ $21.66 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. Check asset resilience ratio of KRN Heat Exchanger and Refrigeration to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs5.28 Billion |
| % of Total Assets | 72.51% |
| Annual Growth Rate | 169.24% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 71.64 |
KRN Heat Exchanger and Refrigeration - Net Assets Trend (2022–2025)
This chart illustrates how KRN Heat Exchanger and Refrigeration's net assets have evolved over time, based on quarterly financial data. Also explore KRN Heat Exchanger and Refrigeration assets under control for the complete picture of this company's asset base.
Annual Net Assets for KRN Heat Exchanger and Refrigeration (2022–2025)
The table below shows the annual net assets of KRN Heat Exchanger and Refrigeration from 2022 to 2025. For live valuation and market cap data, see KRN Heat Exchanger and Refrigeration (KRN) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs4.99 Billion ≈ $53.93 Million |
+278.76% |
| 2024-03-31 | Rs1.32 Billion ≈ $14.24 Million |
+121.00% |
| 2023-03-31 | Rs595.70 Million ≈ $6.44 Million |
+133.32% |
| 2022-03-31 | Rs255.31 Million ≈ $2.76 Million |
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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 499.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs999.45 Million | 20.04% |
| Common Stock | Rs621.57 Million | 12.47% |
| Other Comprehensive Income | Rs99.12 Million | 1.99% |
| Other Components | Rs3.27 Billion | 65.50% |
| Total Equity | Rs4.99 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 |
|---|---|
|
Service Stream Ltd
AU:SSM
|
$870.75 Million |
|
Aoyuan Beauty Valley Technology Co Ltd
SHE:000615
|
$871.02 Million |
|
Southside Bancshares, Inc.
NASDAQ:SBSI
|
$871.72 Million |
|
Shandong Jincheng Pharmaceutical and Chemical Co Ltd
SHE:300233
|
$871.80 Million |
|
Frontier Group Holdings Inc
NASDAQ:ULCC
|
$870.68 Million |
|
Nsfocus Information Technology Co Ltd
SHE:300369
|
$870.67 Million |
|
SHANGHAI JUNSHI BIO YC1
F:8SJ
|
$870.34 Million |
|
Gansu Guofang Gongmao(Grp)
SHG:601086
|
$870.29 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 2024 to 2025, total equity changed from 1,316,471,000 to 4,986,345,000, a change of 3,669,874,000 (278.8%).
- Net income of 528,754,000 contributed positively to equity growth.
- New share issuances of 3,142,169,000 increased equity.
- Other comprehensive income increased equity by 99,125,000.
- Other factors decreased equity by 100,174,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs528.75 Million | +10.6% |
| Share Issuances | Rs3.14 Billion | +63.02% |
| Other Comprehensive Income | Rs99.12 Million | +1.99% |
| Other Changes | Rs-100.17 Million | -2.01% |
| Total Change | Rs- | 278.77% |
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: 14.09x
- 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 236.50x to 14.09x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-03-31 | Rs5.48 | Rs1295.35 | x |
| 2023-03-31 | Rs12.78 | Rs1295.35 | x |
| 2024-03-31 | Rs28.24 | Rs1295.35 | x |
| 2025-03-31 | Rs91.95 | Rs1295.35 | 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): 10.60%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.32%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 1.19x
- Recent ROE (10.60%) is below the historical average (34.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 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 | 29.92% | 12.78% | 1.19x | 1.96x | Rs262.25 Million |
| 2025 | 10.60% | 12.32% | 0.72x | 1.19x | Rs30.12 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: $2,043,822,534
- Average return on equity (ROE) among peers: 25.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KRN Heat Exchanger and Refrigeration (KRN) | Rs5.28 Billion | 41.48% | 0.38x | $870.73 Million |
| AVALON TECHNOLOGIES LTD (AVALON) | $282.08 Million | 81.83% | 17.17x | $763.31 Million |
| Cyient DLM Limited (CYIENTDLM) | $376.52 Million | 31.38% | 16.13x | $337.40 Million |
| IKIO Lighting Limited (IKIO) | $608.61 Million | 47.33% | 1.87x | $132.01 Million |
| Kaynes Technology India Limited (KAYNES) | $9.60 Billion | 9.91% | 0.48x | $2.93 Billion |
| MIC Electronics Limited (MICEL) | $167.79 Million | 1.93% | 0.97x | $112.52 Million |
| PG Electroplast Limited (PGEL) | $1.22 Billion | -16.57% | 1.31x | $1.64 Billion |
About KRN Heat Exchanger and Refrigeration
KRN Heat Exchanger and Refrigeration Limited manufactures and sells heat exchangers, evaporators, and condensers to original equipment manufacturers in the heat, ventilation, air conditioning, and refrigeration industries. It offers condenser coils, evaporator units and coils, header/copper parts, fluid and steam coils, condensing and air-cooling units, sheet metal parts, aluminum/copper fins and… Read more