ADVERTISEMENT
KRN Heat Exchanger Gets Dolat Capital's 'Buy' Initiation On Inexpensive Valuation, Supernormal Growth Outlook
Dolat Capital initiates coverage on KRN Heat Exchanger and Refrigeration with a ‘Buy’ rating and a DCF-based target price of Rs 1,111.
09 Jul 2025, 09:38 AM IST 
KRN is expected to receive RIPS approval in the next three months and the HVAC facility is eligible for the 1.56% revenue-based incentive over the next 10 years.
(Photo Source: Company website)
KRN Heat Exchanger achieved an impressive 71% EPS CAGR over FY20-FY25, driven by consistent double-digit growth in evaporators and condenser coil sales, a doubling of high-value export revenue share to 16% in FY25, and Ebitda margin expansion of over 10%.
I’m already a Subscriber
To continue reading this storySubscribe to Unlock & Enjoy your
Subscriber-Only benefits
Subscriber-Only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Ad-Lite
Experience
Subscriber-Only
Rewards
NDTV Profit
Exclusive Stories
Full Access to
NDTV Profit App
Access to
Stories20,000+
Research Reports
Ad-Lite
Experience
NDTV Profit
Exclusive Stories
Curated
Newsletters
Priority Pass
to Special Events
Subscriber-Only
Rewards
Full Access to
NDTV Profit App
Still Not convinced ? Know More
