Below information is largely from their presentation, ive tried to collate on tables. >https://www.bseindia.com/xml-data/corpfiling/AttachHis/45d7b08c-00ff-42be-9f6b-b82ef4f99133.pdf
| Particulars | FY24 | FY23 | FY22 | FY24 % |
|---|---|---|---|---|
| Domestic Sales | 26285 | 21910 | 14106 | 85% |
| Export Sales | 4527 | 2820 | 1494 | 15% |
| Other Operating Income | 16 | 18 | 12 | 0% |
| Total | 30828 | 24748 | 15611 | 100% |
| Product sales | FY24 | FY23 | FY22 | FY21 | FY24 % |
|---|---|---|---|---|---|
| Evaporator Coils | 11559 | 7153 | 5144 | 1763 | 37% |
| Condenser Coils | 17030 | 15227 | 9947 | 5629 | 55% |
| Headers/Copper Parts | 468 | 182 | 57 | 32 | 2% |
| Sheet Metal Parts | 14 | 17 | 6 | 7 | 0% |
| Other Operating Revenue | 1758 | 2170 | 458 | 151 | 6% |
| Total | 30828 | 24748 | 15611 | 7582 | 100% |
| Export | FY24 | FY23 | FY22 | FY24 % |
|---|---|---|---|---|
| Asia | 2669 | 1445 | 1384 | 9% |
| North America | 1066 | 754 | 14 | 3% |
| Europe | 791 | 621 | 96 | 3% |
| Total Export Revenue | 4527 | 2820 | 1494 | 15% |
| Total | 30828 | 24748 | 15611 | 100% |
| Customer | Since |
|---|---|
| Daikin | 2018 |
| Schneider Electric IT | 2019 |
| Kirloskar Chillers | 2020 |
| Blue Star | 2021 |
| Climaventa Climate Tech | 2021 |
As i could find very little information on KRN order book, i tried to corelate KRN with few Diakin announcement as i presume diakin is its largest customer ( i have no data to confirm this yet ).>https://www.business-standard.com/companies/news/daikin-industries-invests-rs-1-400-cr-in-india-to-boost-local-manufacturing-124092000450_1.html
| Sept-24 Daiking news | |
|---|---|
| Diakin Expanding manufacturing in india | |
| Diakin plan Doubling revenue by | 2025 |
| Daikin sold units in Q1 | 7 lakh |
| Indias house hold with AC | 7% |
| India AC unit potential by FY25 | 300 lakh |
| Diakin Increasing Production in india for export |
So i am presuming KRN might have chances to get good orders even from the domestic market for assembly by Brand owners and additional export orders of the AC components.
I might be over enthusiastic about domestic RAC. basically mooning is it at sweet spot, having middle class flush with AC money, KRN getting more orders from Daikin?
The stock is running hot, but i am dreaming and corelating it with PGEL’s run which also has RAC component attached to it.
I continue to try finding information on KRN order book.
D- Invested at dip after listing (not an advise, neither qualified etc.)
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