KNR Constructions Ltd. News and Updates

Name: Latest research reports of KNR Constructions Ltd. authored by IDBI Capital and published by - Trendlyne research reports.
Item: KNR Constructions Ltd.
Rating: 4
Author: IDBI Capital

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KNR Constructions Ltd.

14 Feb 2021

230.68

0.83%

KNR construction: Q3FY21 Result Review

Accumulate: KNR Constructions Ltd.

IDBI Capital

KNR construction LTD (KNRC) Q3FY21 EBITDA was higher than our estimate by 16%. This was led by better execution (revenue up 23% YoY) in the quarter. YTDFY21 order inflow stood at Rs40bn and KNRC guides for incremental orders of Rs30-40bn in Q4FY21. We have increased our execution run rate for FY21 and FY22 to 20% pa and this has resulted in increase in the EPS by 23%/28%. We have revised our valuation multiple for EPC construction business to 18x (earlier 15x), thus TP is revised to Rs254 (earlier Rs172). Stock is up 50% since Dec-20 and re-retaining ACCUMULATE rating on the stock. At our TP, implied valuation is 20x FY23E EPS (30% premium to +1 STD of its means of last 10 years)....

KNR Constructions Ltd. has an average target of 310.20 from 5 brokers.

KNR Constructions Ltd.

14 Feb 2021

230.68

0.83%

Execution remains strong; order book robust

Buy: KNR Constructions Ltd.

Motilal Oswal

KNR Construction (KNRC) continued its steady performance in terms of execution by reporting revenue 6% above our expectation. EBITDA margin remained higher than our estimate of 19% on rising share of higher margin Irrigation projects (29% of total revenue in 3QFY21). Order book (OB) stood...

Number of FII/FPI investors increased from 138 to 145 in Mar 2025 qtr.

KNR Constructions Ltd.

14 Feb 2021

230.68

0.83%

KNR Construction

Buy: KNR Constructions Ltd.

ICICI Securities Limited

Healthy order book position; execution to pick up ahead KNR's order book was robust at | 7,664 crore (3.1x order book to TTM revenues), mainly contributed by irrigation (45%), roads - HAM (30%) and roads - EPC (25%) segments. Additionally, KNR secured a road EPC project worth | 539 crore in Tamil Nadu in January, 2021, strengthening its order book further. Going forward, the company has submitted bids for 16 road projects (15 HAM, one EPC) worth ~| 20,000 crore and aims to bag ~| 3,000-4,000 crore of orders in remainder of FY21. On execution front, its...

Number of FII/FPI investors increased from 138 to 145 in Mar 2025 qtr.

KNR Constructions Ltd.

12 Feb 2021

230.68

0.83%

Q3FY21 Result Update - Persistent strong execution - Downgrade to 'Accumulate'

Accumulate: KNR Constructions Ltd.

Prabhudas Lilladhar

KNR Constructions reported a strong quarter with revenue (up 23% YoY) and margins coming above our and street estimates. EBITDAM sustained at higher levels of 19.7% mainly due to higher share of irrigation projects in revenue mix (29% in 3Q) as well as Order Book (at 45%). Working capital position remains strong on the back of timely payments from NHAI & other State/Central Govt authorities. Realization of large part of dues (Rs5.4bn) from Telangana Govt further strengthened the liquidity position. On the backdrop of strong order book, healthy bid pipeline and sustained liquidity...

KNR Constructions Ltd. has an average target of 310.20 from 5 brokers.

KNR Constructions Ltd.

11 Feb 2021

230.68

0.83%

KNR Construct Standalone December 2020 Net Sales at Rs 686.27 crore, up 23.01% Y-o-Y

Moneycontrol

NULL

KNR Constructions Ltd. is trading above its 50 day SMA of 224.6

KNR Constructions Ltd.

03 Feb 2021

230.68

0.83%

KNR Construction

Buy: KNR Constructions Ltd.

ICICI Securities Limited

Together, roads & highways were clearly the most resilient segment of infrastructure. On the overall capex front, for roads and highways, the revised estimates (RE) FY21E spends is pegged ~12%, higher at | 92053 crore vs. budgeted estimates (BE) of | 81975. Even for FY22E, the government has pegged the road capex at | 108230 crore, growth of 17% YoY on a decent FY21 base. Of the total allocation, the National Highways Authority of India (NHAI) will get | 57,350 crore, up from | 49,050 crore in FY21RE. The government is also looking to provide alternative...

Number of FII/FPI investors increased from 138 to 145 in Mar 2025 qtr.

KNR Constructions Ltd.

02 Feb 2021

230.68

0.83%

KNR Constructions soars 17%, hits new high ahead of 1:1 bonus share issue

Business Standard

The stock will turn ex-date for bonus issue on Wednesday, February 3

KNR Constructions Ltd. has lost -23.73% in the last 6 Months

KNR Constructions Ltd.

21 Dec 2020

230.68

0.83%

KNR Construction: Company Update

Accumulate: KNR Constructions Ltd.

IDBI Capital

Lean balance sheet: KNRC has invested Rs2.5bn in HAM projects plan to invest Rs4.1bn until FY23E. This will be funded from internal accruals. KNRC balance sheet continues to remain lean with H1FY21 standalone debt at Rs640mn and Debt to Equity at...