KRN Heat Exchanger and Refrigeration Share Price Target 2024, 2025, 2030, 2040, 2050
KRN Heat Exchanger and Refrigeration Ltd is an Indian based in Rajasthan, the company was established in 2017. It involves making heat exchangers, and refrigeration products like heaters, AC, refrigerators, and condenser coils using different metals.
What is KRN Heat Exchanger and Refrigeration Ltd?
Contents
- 1 What is KRN Heat Exchanger and Refrigeration Ltd?
- 2 KRN Heat Exchanger Share Price Target Tomorrow
- 3 KRN Heat Exchanger and Refrigeration Share Price Target 2024
- 4 KRN Heat Exchanger and Refrigeration Share Price Target 2025
- 5 KRN Heat Exchanger Share Price Target 2030
- 6 Share Price Target 2040
- 7 Share Price Target 2050
- 8 Share Price Forecast
- 9 Should I Buy KRN Heat Exchanger and Refrigeration Ltd stock?
- 10 KRN Heat Exchanger and Refrigeration Ltd Earning Results
- 11 Is KRN Heat Exchanger and Refrigeration Ltd Stock Good to Buy? (Bull case & Bear case)
- 12 Conclusion
- 13 FAQs
KRN Heat Exchanger And Refrigeration Pvt. Ltd is an Indian company which makes and sells electronic products mainly heat exchangers, evaporators, and condenser coils of aluminium and copper. Most of the products are used in heaters, ventilation, air conditioners and refrigeration systems.
Its IPO offered 15,543,000 new shares and the price range of each share was fixed between ₹209-₹220. It was open for the public to invest from Wednesday, September 25, 2024, to Friday, September 27, 2024. The IPO was oversubscribed 214.42 times. The people showed huge interest, bidding 431.63 times more than the available shares. So it is clear that its stock price will be accelerated for the short term, and we can expect a bull run by the stock launch on the listing date of 3rd October 2024.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2024 | -23 | +90 |
It is an Indian private company popular for making high-quality heat exchangers. They offer their customers custom designs which fulfil their needs. Their modern machines and advanced technology systems help to produce high-quality products. It was established as a company in 2017, but it had over 20 years of experience in this field. So, after the gap they launched their IPO on 25 September 2024 till 27 September 2024. The price range has been set from 209 to 220. We can expect its share price target in 2024 to be ₹582.
So in 2024, its price target would be between ₹200 to ₹582 as per the experts.
| 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 |
It is one of the that makes fin and tube-type heat exchangers. With the help of copper and aluminium, they make condenser coils, water coils, and evaporator coils. They offer heat exchanger tubes in shapes and sizes, ranging from 5 mm to 15.88 mm in diameter or you can order for customized size. Most of their products are used in ventilation, air conditioning, heating, and refrigeration for homes, businesses, and industries. They do business in India as well as with the foreign countries. So as per the company’s fundamentals and the people’s high interest in its IPO, its share price target would be ₹811 in 2025 as per our analysis.
By 2025, its share price will be between ₹250 to ₹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 |
The company has customers in both local and international markets. Some of their popular clients include Blue Star, Climaventa Climate Technologies, Daikin Air Conditioning India, Schneider Electric IT Business India etc. They do all the hardest quality checks to ensure safety. They perform tests to find leaks, check for contamination, do salt spray tests, and measure burst pressure and pressure cycles. The company has shown growth in revenue and profit over the past few years. In the year 2030, its share price target would be ₹957 as per the experts.
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 |
The company offer fin-and-tube heat exchanger coils with different surface patterns. They use aluminium and copper fins with different thicknesses. The space between the fins, which affects how well the condenser works, ranges from 1.15 mm to 8.47 mm (3-22 fins per inch). The fins can have different anti-corrosion coatings based on their use, and customers can choose the colour for painting our heat exchangers.
Also to ensure quality, each coil is tested for leaks using high-pressure air in water or helium in a testing chamber. They pack the coils carefully to protect them during transport by sea, land, or air. The company is very stable and has made a profit in the past years. In 2040, its share price target would be ₹2268 predicted by the experts.
By 2040, its share price target would be between ₹1900 to ₹2268.
| 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 |
The company makes many types of standard and custom coils in different sizes and capacities to meet customers’ needs for quality and performance. They use a program called UNILAB to check all the details of our coils. Their fin-and-tube coils are made from high-quality materials. They test our raw materials, like copper tubes and metal sheets, as well as the final products, such as copper headers, fittings, aluminium fins, end plates, and evaporator coils, at every important stage of production. As time passes its product demand will rise too, and the company has shown very good performance in the past year so it is probably going to rise in future. So in 2050, its share price target would ₹3513.
As per the experts, its share price would be between ₹3008 to ₹3513 in 2050.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2050 | 3008 | 3513 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 3008 | 3027 |
| February | 3015 | 3050 |
| March | 3027 | 3065 |
| April | 3054 | 3110 |
| May | 3100 | 3154 |
| June | 3129 | 3200 |
| July | 3157 | 3234 |
| August | 3210 | 3256 |
| September | 3237 | 3310 |
| October | 3254 | 3329 |
| November | 3310 | 3420 |
| December | 3390 | 3513 |
| 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?
The company makes heating and cooling products. We have discussed much in this article about the company. They perform a number of tests to ensure the safety of the customers. The company have great experience in this field. They supply their product not only within the country but also in countries like Norway, the Czech Republic, Germany, the UK, UAE, the USA, Italy, Saudi Arabia and much more. The company has a good financial record and it would be a good choice to invest in this 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)
Bull Case:
- There is a rising need for AC, heating and ventilation systems due to urbanization and climate change.
- The company has strong relationships with well-known clients like Daikin and Schneider Electric.
- KRN tests its products with the hardest methods, resulting in high-quality products.
- It offers custom coils that meet specific customer needs.
- The company has shown strong growth in sales and profits over the last few years.
- It sells its products in many countries, which helps reduce risk and can lead to higher sales.
Bear Case:
- The sector has many competitors, which can lead to price cuts and lower profits.
- Prices for materials like copper and aluminium can change resulting in high prices of its product which can decrease its profit.
- The company has to be updated in terms of technology if not then it impacts on the company’s growth.
Conclusion
In this article, we have discussed KRN Heat Exchanger and Refrigeration Ltd. We got to know about the company’s work like what they make and sell, how the company performing since its past and much more. Also, the company’s IPO getting listed so the people confused about investing in its stock in listing time should wait, well we have pointed out all the main information by which you can make a decision.
