J Kumar Infraprojects Ltd. News and Updates

Name: Latest research reports of J Kumar Infraprojects Ltd. authored by HDFC Securities and published by - Trendlyne research reports.
Item: J Kumar Infraprojects Ltd.
Rating: 5
Author: HDFC Securities

Keep track of all breaking news on J Kumar Infraprojects Ltd. from all sources in a single place.

Load latest

J Kumar Infraprojects Ltd.

03 Jun 2019

731.90

-1.21%

J. Kumar Infraprojects (4QFY19): Strong outperformance. Maintain BUY

Buy: J Kumar Infraprojects Ltd.

Target

HDFC Securities

JKIL delivered yet another robust quarter, driven by new order wins moving into execution. SEBI outcome is awaited post JKIL providing all documents. But this uncertainty is restraining re-rating. Order wins have been robust and JKIL is well placed for earnings led recovery. We maintain BUY. Key risks (1) Adverse SEBI judgment; (2) Government capex slowdown (3) Interest rate hike. We maintain BUY on JKIL with a reduced TP of Rs 322/sh (vs Rs 335/sh earlier). We value JKIL at 10x FY21E EPS. Due to strong order inflows we have increase our FY20/21E Revenue estimate by 10.9/10.9%. Lower EBIDTA margin assumption and higher interest cost has resulted in FY20/21E EPS change by 3.5/(3.8)%.

J Kumar Infraprojects Ltd. is trading above all available SMAs

J Kumar Infraprojects Ltd.

03 Jun 2019

731.90

-1.21%

J Kumar Infra - 4QFY19 Result Update

Buy: J Kumar Infraprojects Ltd.

Reliance Securities

J Kumar Infraprojects Ltd. is trading above all available SMAs

J Kumar Infraprojects Ltd.

14 Feb 2019

731.90

-1.21%

J. Kumar Infraprojects (3QFY19): Execution in place, sentiment change awaited. Maintain BUY

Buy: J Kumar Infraprojects Ltd.

HDFC Securities

We have upgraded FY19/20E EPS by 8.6/12.1% and increase TP to Rs 336/sh (12x Dec-20E EPS) vs. Rs 284/sh earlier. JKIL delivered strong execution beat with Revenue/EBIDTA/PAT coming in 20/13/11% ahead of estimate. EBIDTA margins contracted by 77bps YoY to 16.2% (110bps miss) on account of 205bps increase in employee costs (new additions and festive bonuses paid out during 3QFY19). 9MFY19 order inflow stood at Rs 45bn ex L1 orders of Rs 20bn. Order book stands at Rs 104.7bn (59% in Metro, 9.9% Civil, 12% Flyover, 18.2% Roads) ex L1 of Rs 20bn (NHAI Dwarka Pkg 2 & Airoli Katai elevated road EPC).

J Kumar Infraprojects Ltd. is trading above all available SMAs

J Kumar Infraprojects Ltd.

13 Feb 2019

731.90

-1.21%

JKIL's 3QFY19 standalone revenue grew 38% yoy to ~Rs6.9bn, ahead of our and consensus est...

Results Update: J Kumar Infraprojects Ltd.

Emkay

guidance of Rs23bn/Rs27bn. Management expects the strong operating performance (EBITAM of 16-17%) to continue going forward. Negative sentiments on account of the SEBI issue will continue to remain an overhang on...

J Kumar Infraprojects Ltd. is trading above all available SMAs

J Kumar Infraprojects Ltd.

14 Nov 2018

731.90

-1.21%

J. Kumar Infraprojects (2QFY19): Quarter as usual. Maintain BUY

Buy: J Kumar Infraprojects Ltd.

Target

HDFC Securities

We maintain BUY with reduced TP of Rs 284/sh (12x Mar-20E EPS). JKIL delivered robust Revenue/PAT beat of 27/32% led by strong execution in Mumbai Metro and JNPT road project. It reported strong EBITDA margins at 17.7% (-172bps YoY, +149bps QoQ, 110bps beat). Metro Lines 2, 3 and 7 and the JNPT projects are particularly driving the revenues with 2QFY19 contribution of Rs 2.9bn and Rs 0.8bn respectively.

Promoters released all pledges in Jun 2025 qtr.

J Kumar Infraprojects Ltd.

14 Nov 2018

731.90

-1.21%

J Kumar Infra-Result Update

Buy: J Kumar Infraprojects Ltd.

Target

Reliance Securities

Led by sustained acceleration in project execution especially in Metro projects, JKIL's revenue grew by a stellar 62% YoY (-17% QoQ) to Rs5.1bn. Mumbai Metro Line-3, Metro Line-2&7 and JNPT contributed Rs1.85bn, Rs1bn and Rs0.75bn, respectively to its total quarterly revenue, while Rs400mn revenue was booked from Delhi Metro project. Further, JKIL looks forward to book Rs8bn from Metro Line-3, Rs3.5bn from JNPT and Rs3bn from Metro Line-2&7 in FY19E....

Promoters released all pledges in Jun 2025 qtr.

J Kumar Infraprojects Ltd.

21 Aug 2018

731.90

-1.21%

Result Update:J Kumar Infra

Buy: J Kumar Infraprojects Ltd.

Target

Axis Direct

J Kumar Infraprojects (JKIL) in Q1FY19 posted revenues of Rs. 618 Cr due to strong execution of Mumbai Metro and JNPT projects. The EBITDA margins improved to 16.2% which increased 90 bps YoY in Q1FY19 with near completion of DMRC project.

Promoters released all pledges in Jun 2025 qtr.

J Kumar Infraprojects Ltd.

10 Aug 2018

731.90

-1.21%

J. Kumar Infraprojects (1QFY19): Strong recovery. Maintain BUY

Buy: J Kumar Infraprojects Ltd.

HDFC Securities

We maintain BUY with a TP of Rs 415/sh (15x Mar-20E EPS) JKIL continued to demonstrate strong execution pace, posting revenue of Rs 6.2bn coming 18.3% above our estimates. With the DMRC project now practically over margins improved 293bps YoY to 16.2%. Metro Lines 2,3 and 7 and the JNPT projects are particularly driving the revenues with quarterly run rates of Rs 3.7bn and 1.3bn respectively.

J Kumar Infraproject.. has an average target of 881.00 from 3 brokers.

J Kumar Infraprojects Ltd.

10 Aug 2018

731.90

-1.21%

J Kumar Infra

Buy: J Kumar Infraprojects Ltd.

Dolat Capital

at standalone as per Ind AS 111 primarily from Delhi metro project. EBITDA margin up 89bps YoY to 16.2% (95bps below estimate) led by lower employee costs and other expenses which was partially offset by rise in raw material cost. PAT grew sharply 55.7% YoY to `402mn driven by better...

Promoters released all pledges in Jun 2025 qtr.

Is J Kumar Infraprojects Ltd. worth buying?

198 Votes:

Buy 82.32%

Sell 9.09%

Hold 8.59%

RESEARCH REPORTS

Buy SEE REPORTS >

pdf

Buy SEE REPORTS >

pdf