KNR Constructions Ltd. News and Updates

Name: Latest research reports of KNR Constructions Ltd. authored by Kotak Securities and published by - Trendlyne research reports.
Item: KNR Constructions Ltd.
Rating: 5
Author: Kotak Securities

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KNR Constructions Ltd.

01 Apr 2018, 09:54PM

213.40

2.57%

KNR Constructions: Road to success

Business Line

Strong execution track record and pan-India presence make this road construction player an attractive bet

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

KNR Constructions Ltd.

26 Mar 2018

213.40

2.57%

KNR Constructions gets 2,964-crore orders

Business Line

KNR Constructions has received two hybrid annuity projects (HAM) with total bid project cost of 2,964.07 crore. Both the projects one in Andhra Prades

Axis Direct decreased Hold price target of KNR Constructions Ltd. to 195.0 on 02 Jun, 2025.

KNR Constructions Ltd.

07 Mar 2018

213.40

2.57%

KNR Construct

Buy: KNR Constructions Ltd.

Kotak Securities

KNR Constructions, a strong player in road construction in south is focusing on growing its order book by adding new projects in road sector. The company has been awarded first Hybrid Annuity project (HAM) from NHAI of value Rs 10.2 bn in the state of Tamil Nadu. This is the first major road project bagged by the company in FY18E and would strengthen its order book to ~Rs 43 bn from Rs 33.3 bn at the end of Q3FY18. The company is also lowest bidder (L1) in another HAM project of Rs 11.7 bn in Karnataka where awarding is expected in near future. The company has strong bid pipeline of road projects in south India particularly in...

KNR Constructions Ltd. has lost -34.50% in the last 6 Months

KNR Constructions Ltd.

28 Feb 2018

213.40

2.57%

KNR Construct

Buy: KNR Constructions Ltd.

Dolat Capital

The EBITDA margin expanded 762bps YoY to 22.7% (592bps above estimates) due to lower subcontracting costs and few projects are nearing completion having better margins. Depreciation amount increased 123.9% YoY to `371mn due to higher asset utilization for...

KNR Constructions Ltd. is trading below all available SMAs

KNR Constructions Ltd.

26 Feb 2018

213.40

2.57%

KNR CONSTRUCTIONS LIMITED

Accumulate: KNR Constructions Ltd.

Geojit Research

KNR Constructions Ltd (KNR) is a leading EPC player largely focusing on national and state highway projects. KNR has successfully executed ~6,000 lane km road projects across 12 states in India....

KNR Constructions Ltd. has an average target of 286.50 from 5 brokers.

KNR Constructions Ltd.

20 Feb 2018

213.40

2.57%

KNR constructions Ltd - Result Update Q3FY18

Buy: KNR Constructions Ltd.

Target

Edelweiss

KNR constructions (KNR), one of best managed road constructer with light balance sheet, low working capital and one of the highest RoCE among peers, reported its Q3FY18 numbers. Topline grew by...

KNR Constructions Ltd. has an average target of 286.50 from 5 brokers.

KNR Constructions Ltd.

29 Nov 2017

213.40

2.57%

Result Review of KNR Constructions

Buy: KNR Constructions Ltd.

Target

IDBI Capital

KNR exceeds our expectations. We forecasted revenue/EBITDA/net profit expectations of Rs3.4bn/Rs499mn/Rs380mn, including indirect taxes. While netting off blended 12% GST, KNRC reports a revenue/EBITDA/net profit of Rs3.9bn/Rs824mn/Rs590mn respectively. With Rs36bn in order backlog, translating into a mediocre book-bill of 2x FY18E revenues, we keep our fingers crossed. On order inflows, KNRC is confident of adding Rs25bn annual orders. By FY19, KNRC is aiming for Rs30bn inflows. We draw comfort from the company capital allocation policy. With lower exposure...

KNR Constructions Ltd. has an average target of 286.50 from 5 brokers.

KNR Constructions Ltd.

23 Nov 2017

213.40

2.57%

KNR Construct

Buy: KNR Constructions Ltd.

Geojit BNP Paribas

KNR Constructions Ltd (KNR) is a leading EPC player largely focusing on national and state highway projects. KNR has successfully executed ~6,000 lane km road projects across 12 states in India. Q2FY18 revenue grew only by 5% as GST related uncertainty and heavy monsoon impacted the execution. EBITDA margin improved significantly by 598bps YoY to 21% in Q2FY18 due to 61% YoY reduction in subcontracting expenses. Received an order of Rs451cr in irrigation while EPC inflow remains...

KNR Constructions Ltd. has lost -34.50% in the last 6 Months

KNR Constructions Ltd.

16 Nov 2017

213.40

2.57%

KNR Constructions Ltd. - Result Update Q2FY18

Buy: KNR Constructions Ltd.

Target

Edelweiss

KNR constructions (KNR), one of best managed road constructer with light balance sheet, low working capital and one of the highest RoCE among peers, reported its Q2FY18 numbers. Topline grew by...

KNR Constructions Ltd. has an average target of 286.50 from 5 brokers.

KNR Constructions Ltd.

15 Nov 2017

213.40

2.57%

KNR Constructions (2QFY18): Outperformance priced in. Downgrade to NEUTRAL

Neutral: KNR Constructions Ltd.

Target

HDFC Securities

Owing to the recent price performance, we downgrade KNRC to NEUTRAL with increased SOTP of Rs 255/sh. KNRC delivered muted 2QFY18 revenues at Rs 3,933mn, 10.1% below our estimates. This was achieved despite GST-related headwinds. EBIDTA margins expanded 598bps YoY to 21% (highest over the last 6Q), owing to excess provision reversals in projects nearing completion. The B/S is healthy, with standalone net debt at Rs 1.28bn (net D/E at 0.13x, 0.01x adjusting for promoters loan of Rs 1.2bn).