J Kumar Infraprojects News and Updates

Name: Latest research reports of J Kumar Infraprojects Ltd. authored by Dolat Capital and published by - Trendlyne research reports.
Item: J Kumar Infraprojects Ltd.
Rating: 4
Author: Dolat Capital

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J Kumar Infraprojects Ltd.

21 Aug 2020

550.45

-0.17%

J Kumar Infra

Accumulate: J Kumar Infraprojects Ltd.

Target

Dolat Capital

We reduce our revenue estimates by 11.8% and increase our EBITDA margins by 278 bps to 12.1% for FY21E factoring Q1FY21 results. Accordingly, we increase our PAT estimates by 125.0% for FY21E. We broadly maintain our FY22E estimates. JKIL's muted revenue growth (4.9% CAGR over FY20-22E) and EBITDA margin of 12.1%/ 14.0% in FY21E/ FY22E will lead to muted CAGR of -4.5% in its bottom line over FY20-22E. We, therefore, expect the RoCE and RoE to dip to 9.9%/ 8.6% in FY22E from 11.4%/ 10.5% in FY20....

J Kumar Infraprojects has lost -23.16% in the last 6 Months

J Kumar Infraprojects Ltd.

29 Jun 2020

550.45

-0.17%

J Kumar Infra

Accumulate: J Kumar Infraprojects Ltd.

Recommendation Target

Dolat Capital

View: Weak quarter, EBITDA loss in Q1FY21E; downgrade to Accumulate JKIL reported revenue above estimates, EBITDA margin below estimates and PAT in line with estimates. JKIL posted 9.3%/ 31.4%/ 45.8% YoY de-growth in revenue/ EBITDA/ PAT to Rs8.8 bn/ Rs919 mn/ Rs311 mn in Q4FY20. We reduce our revenue estimates by 15.2%/ 7.6% for FY21E/ FY22E on account of lockdown due to covid-19. We factor EBITDA loss/ EBITDA breakeven levels in Q1FY21E/ Q2FY21E leading to reduction in EBITDA...

J Kumar Infraproject.. has an average target of 866.50 from 2 brokers.

J Kumar Infraprojects Ltd.

12 Feb 2020

550.45

-0.17%

J. Kumar Infraprojects (3QFY20): Re-rating tailwinds. Maintain BUY

Buy: J Kumar Infraprojects Ltd.

Target

HDFC Securities

JKIL achieved strong performance during 3QFY20. FY20/21E Rev guidance is maintained at Rs 32/36bn. Order book is robust at 2.55x FY20E Revenue. With strong execution visibility on current order book, JKIL is well placed for re-rating. At CMP JKIL trades at 4.8x FY21E EPS. We maintain BUY. Key risks (1) Geographic concentration (2) Order conversion within estimated timelines. JKIL delivered 1/(10)/(4)% 3QFY20 Rev/EBIDTA/APAT beat/(miss). We retain our FY20/21E Revenue estimates while revising FY20/21E APAT estimates by 0.4/(2.6)%. We maintain BUY on JKIL with a TP of Rs 269/sh (vs. Rs 276/sh earlier, 8x Mar-21E EPS).

J Kumar Infraprojects has lost -23.16% in the last 6 Months

J Kumar Infraprojects Ltd.

18 Nov 2019, 08:08AM

550.45

-0.17%

J. Kumar Infraprojects (2QFY20): Re-rating tailwinds. Maintain BUY

Buy: J Kumar Infraprojects Ltd.

Target

HDFC Securities

JKIL achieved strong performance during 2QFY20. FY20/21E Rev guidance is maintained at Rs 32/36bn. Old legacy issues are all settled now. Order book is robust at 4.1x FY20E Revenue. With strong execution visibility on current order book, JKIL is well placed for re-rating. At CMP JKIL trades at 4.6x FY21E EPS. We maintain BUY. Key risks (1) Political instability in Maharashtra; (2) Order conversion within estimated timelines. JKIL delivered 8/14/21% 2QFY20 Rev/EBIDTA/APAT beat. We maintain our FY20/21E Rev/EBIDTA estimates. Owing to lower tax rate adoption, we have increased FY20/21E APAT estimates by 1.3/6.7%. We maintain BUY on JKIL with a TP of Rs 276/sh (vs. Rs 258/sh earlier, 8x Mar-21E EPS), increase is largely driven by FY21E EPS upgrade.

J Kumar Infraprojects has lost -28.94% in the last 1 Year

J Kumar Infraprojects Ltd.

03 Jun 2019

550.45

-0.17%

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 has lost -28.94% in the last 1 Year

J Kumar Infraprojects Ltd.

03 Jun 2019

550.45

-0.17%

J Kumar Infra - 4QFY19 Result Update

Buy: J Kumar Infraprojects Ltd.

Reliance Securities

J Kumar Infraprojects has lost -23.16% in the last 6 Months

J Kumar Infraprojects Ltd.

14 Feb 2019

550.45

-0.17%

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).

Number of FII/FPI investors decreased from 169 to 163 in Sep 2025 qtr

J Kumar Infraprojects Ltd.

13 Feb 2019

550.45

-0.17%

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 Infraproject.. has an average target of 866.50 from 2 brokers.

J Kumar Infraprojects Ltd.

14 Nov 2018

550.45

-0.17%

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.

J Kumar Infraprojects has lost -28.94% in the last 1 Year

J Kumar Infraprojects Ltd.

14 Nov 2018

550.45

-0.17%

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....

J Kumar Infraproject.. has an average target of 866.50 from 2 brokers.

Is J Kumar Infraprojects Ltd. worth buying?

201 Votes:

Buy 82.59%

Sell 8.96%

Hold 8.46%

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