KNR Constructions Ltd. News and Updates

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Item: KNR Constructions Ltd.
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Author: IIFL Holdings

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KNR Constructions Ltd.

05 Jun 2017

230.68

8.72%

KNR Construct

Buy: KNR Constructions Ltd.

IIFL Holdings

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 lost -27.52% in the last 6 Months

KNR Constructions Ltd.

01 Jun 2017

230.68

8.72%

KNR Construction 4QFY17 Result Update

Buy: KNR Constructions Ltd.

Target

Reliance Securities

KNR Constructions (KNRC) continued to report an above par performance in 4QFY17 on the back of better-than-expected revenue booking. Its revenue surged by ~65% YoY to Rs4.9bn. A healthy order inflow especially in 1HFY17 and execution ramp-up in new projects led to better revenue booking. Whilst EBITDA rose by strong 82% YoY and 35% QoQ to Rs752mn, EBITDA margins stood at 15.5% (+147bps YoY and +80bps QoQ). Despite other operating loss of Rs30mn, KNRC's reported PAT came in at Rs524mn (vs. our estimate of Rs475mn) owing to better operating performance and negative tax. KNRC which has consistently been beating its own guidance over the years on the back of superior execution skill expects revenue...

KNR Constructions Ltd. has lost -33.74% in the last 1 Year

KNR Constructions Ltd.

01 Jun 2017

230.68

8.72%

Result Review of KNR Constructions

Buy: KNR Constructions Ltd.

Target

IDBI Capital

the conventional top four projects, KNRC adds two-tier flyover project of Salem city adds to its feather. The top four includes: Madurai-Ramanathpuram Section of NH-49; Thiruvananthapuram Bypass; Pollachi-Coimbatore; and Hubli-hospet continues to surprises us. The EBITDA margins have petered down to long-term average of 15%. Working Capital days, however, is at seven-year low: 41. With arbitration between state and contractor institutionalized, such commendable working capital trend could be the mainstay. We note a key-state risk. The geographical exposure of marquee projects continues to be in Tamil Nadu a recently turned politically volatile state. Further, with lowered interest outgo, jump in net...

KNR Constructions Ltd.'s price crossed above 30Day SMA today

KNR Constructions Ltd.

31 May 2017

230.68

8.72%

KNR Constructions (4QFY17): Doesn?t stop surprising. BUY

Buy: KNR Constructions Ltd.

Recommendation Target

HDFC Securities

KNRC delivered a stellar 4QFY17 net profit beat, 32.3% ahead of our estimates. This was achieved despite a loss of Rs 30mn from JV, and other income reversal of Rs 110mn. The B/S is healthy, with standalone net debt at Rs 1.21bn (net D/E at 0.13x, -0.01x adjusting for promoters? loan of Rs 1.2bn).

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

KNR Constructions Ltd.

16 Feb 2017

230.68

8.72%

Result Review of KNR Constructions Ltd

Buy: KNR Constructions Ltd.

IDBI Capital

Adjusted for exceptional, KNRC maintains good spell: KNR beats our expectations. The top four projects continue to deliver: Madurai-Ramanathpuram Section of NH-49; Thiruvananthapuram Bypass; Pollachi-Coimbatore; and Upgrading Arcot-Villupuram Road continues to surprises us. We estimated Revenue/EBITDA/Net Profit at Rs3.7bn/Rs535 mn/Rs361 mn. As against, company reported Rs3.8bn/Rs577mn/Rs307, excluding Rs108mn in exceptional item. True, EBITDA margins has lowered by 600 plus basis point to 15.1%. Working Capital days, however, is at six year low: 38. With arbitration institutionalized, we think this could be the trend forward. The pace of execution is happening even with the current ongoing uncertainty in Tamil Nadu. Further, with lowered interest outgo, jump in net profit was...

KNR Constructions Ltd. is trading above its 50 day SMA of 221.2

KNR Constructions Ltd.

14 Feb 2017

230.68

8.72%

KNR Constructions (3QFY17): Outperformance priced in. Downgrade to NEUTRAL

Neutral: KNR Constructions Ltd.

HDFC Securities

KNRC delivered strong 3QFY17 numbers, with APAT beat of ~9.7% (adjusted for Rs 108.6mn exceptional write off on annuity assets? monetisation and MAT credit of Rs 67.7mn). The balance sheet is healthy, with standalone net debt at Rs 1.5bn (Rs 340mn increase QoQ, net D/E at 0.17x, 0.03x adjusting for Rs 1,210mn promoter loan).

KNR Constructions Ltd. is trading at high volume of 6.7M with price gain of 8.72.

KNR Constructions Ltd.

14 Feb 2017

230.68

8.72%

KNR Constructions - 3QFY17 Result Update

Buy: KNR Constructions Ltd.

Reliance Securities

KNR Constructions (KNRC) has reported an above par performance in 3QFY17 marked by better-than-expected revenue booking (revenue surged by ~87% YoY to Rs3.80bn). A healthy order inflow in 1HFY17 and execution ramp-up in new projects led to better revenue booking. Whilst EBITDA rose by strong 77% YoY and 22% QoQ to Rs560mn, EBITDA margins stood at 14.7% (-83bps YoY and +212bps QoQ). Adjusted PAT grew by 11% YoY to Rs379mn on better operational profit. While we downwardly revise our revenue and earnings estimates by 11% and 5%, respectively for FY18E due to delay in certain projects and no order inflow in 3QFY17, we continue...