KNR Constructions Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for KNRCON, BSE:532942 KNR Constructions Ltd.

KNR Constructions Ltd.

20 Mar 2020

222.21

1.39%

KNR - 3QFY20 Result Update

Buy: KNR Constructions Ltd.

Reliance Securities

KNR Constructions (KNRC) continued to report robust operating performance in 3QFY20 despite lower-than-expected revenue booking. While revenue grew by 24% YoY to Rs5.6bn vs. our estimate of Rs6bn, EBITDA witnessed a stellar 38% YoY growth to Rs1.24bn vs. our estimate of Rs1.09bn. Adjusted for Rs37mn claim received for arbitration claim under revenue, EBITDA margin stood higher at 21.6% vs. 20.1% in 3QFY19 and 19.7% in 2QFY20. A meaningful increase in depreciation (led by higher capex in irrigation) and interest expenditures (due to mobilisation advances) and lower other income resulted in muted PBT of Rs588mn (-1% YoY and -35% QoQ). Further, KNRC's adjusted PAT declined by 14% YoY to Rs445mn owing to higher tax expenses....

KNR Constructions Ltd.'s price crossed above 50Day SMA today

KNR Constructions Ltd.

18 Mar 2020

222.21

1.39%

KNR - 3QFY20 Result Update

Buy: KNR Constructions Ltd.

Reliance Securities

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

KNR Constructions Ltd.

16 Mar 2020, 12:00AM

222.21

1.39%

KNR CONSTRUCTIONS LIMITED

Buy: KNR Constructions Ltd.

Target

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. Q3FY20 revenue grew by 24% YoY due to strong execution of HAM projects & arbitration claim of Rs4.6cr. EBITDA margin improved by 222bps YoY to 22.3% due to 72% YoY fall...

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

KNR Constructions Ltd.

17 Feb 2020

222.21

1.39%

KNR - 3QFY20 Result Update

Buy: KNR Constructions Ltd.

Target

Reliance Securities

Number of FII/FPI investors decreased from 145 to 135 in Jun 2025 qtr

KNR Constructions Ltd.

17 Feb 2020

222.21

1.39%

KNR Construction

Buy: KNR Constructions Ltd.

Target

ICICI Securities Limited

Order book at | 6,523.3 crore as of Q3FY20 KNR's order book (OB) order book was at | 5,888.3 crore as of Q3FY20, implying 2.9x order book-to-bill ratio, giving revenue visibility ahead. This OB does not include | 920 crore Palani HAM project. KNR is looking forward to incremental | 1,000-1,500 crore order inflow in February, March, 2020 & | 2,000-2,500 crore in FY21E. On the execution front, the management has guided at completing the three ongoing HAM projects in FY21E. The KSHIP project has received appointed date in February, 2020 and execution is...

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

KNR Constructions Ltd.

15 Feb 2020, 08:31AM

222.21

1.39%

KNR Constructions (3QFY20): Steady performance. Maintain BUY

Buy: KNR Constructions Ltd.

Target

HDFC Securities

KNR delivered yet another steady quarterly performance. Order wins are on track with 4QFY20 ask at Rs 8bn to meet the Rs 30bn FY20 order intake guidance. KNR has entered into Kerala BOT stake sale arrangement with Cube Highways for equity consideration of Rs 3.9bn (expected by Mar/Apr'20). For 3 HAM projects Rs 1.7bn investment, KNR expects to receive Rs 3.3bn over the next 4yrs. Strong balance sheet, periodic BOT/HAM equity churn and robust execution capability reinforces our positive stance on KNR. We maintain BUY. Key risks (1) Slowdown in government ordering (2) Higher crude and cement prices (3) Increase in interest rates and (4) Further liquidity tightening in the financial sector. We maintain BUY on KNR with SOTP-based TP of Rs 376/sh (valuing core EPC business 18x FY21EPS at Rs 317/sh, Subsidiaries Rs 60/sh). KNR delivered yet another steady quarter with Revenue/EBIDTA/APAT beat/(miss) of (0.4)/17/(12)% respectively.

KNR Constructions Ltd.'s price crossed above 50Day SMA today

KNR Constructions Ltd.

15 Feb 2020, 12:00AM

222.21

1.39%

KNR Constructions (BUY): Healthy quarter; execution to pick up from Q4

Buy: KNR Constructions Ltd.

Target

BOB Capital Markets Ltd.

KNR Constructions' (KNRC) Q3FY20 core revenue ex-arbitral awards grew 23% YoY to Rs 5.5bn and core EBITDA margin beat estimates at 22% (+170bps YoY).

KNR Constructions Ltd. is trading above its 50 day SMA of 219.2

KNR Constructions Ltd.

14 Feb 2020

222.21

1.39%

KNR Constructions Ltd - Result Update Q3FY20

Buy: KNR Constructions Ltd.

Edelweiss

KNR constructions (KNR), reported a decent topline growth and stellar operating margins. On a standalone basis revenue grew by 24% YoY to INR 558 cr which was below expected 30% YoY growth.

KNR Constructions Ltd. is trading above its 50 day SMA of 219.2

KNR Constructions Ltd.

10 Jan 2020

222.21

1.39%

KNR Construction

Buy: KNR Constructions Ltd.

Target

ICICI Securities Limited

Enters into SPA with Cube for Walayar BOT project KNR has entered into a share purchase agreement (SPA) with Cube Highways to sell its 100% entire equity stake in KNR Walayar Tollways BOT toll asset. The EV of this deal is | 529.3 crore excluding claims receivables (worth | 170 crore) from NHAI & other government instrumentalities, which would be passed to KNR Constructions as and when realized. As of Q2FY20, KNR Walayar SPV had total | 143.1 crore debt, implying equity value of | 386.2 crore. KNR had infused total | 397.4 crore in this toll project, which...

KNR Constructions Ltd. is trading below its 100 day SMA of 223.0

KNR Constructions Ltd.

10 Jan 2020

222.21

1.39%

Balance sheet strengthens further

Buy: KNR Constructions Ltd.

Target

Motilal Oswal

10 January 2020 KNR has entered into a share purchase agreement with Cube Highways to sell its 100% stake in the Walayar road project. Total enterprise value of the deal stands at INR5.3b. As of Sep19, debt on the project was at INR1.4b. Thus, the equity value of the deal is estimated at ~INR3.9b or P/Inv of ~1x. This is in line with our valuation of the project. There are further NHAI claims and other governmental instrumentalities, which are a pass through to KNR as and when realized. Taking this into account, the deal value may surpass our valuation of the project. The transaction is likely to close in another 2-3 months. We factor in proceeds of INR3.9b by end-Mar20. KNR has already monetized three of its HAM projects. We expect the balance sheet to strengthen further with net cash position of >INR2b/5b by FY21/22.

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

Is KNR Constructions Ltd. worth buying?

484 Votes:

Buy 84.92%

Sell 6.82%

Hold 8.26%

RESEARCH REPORTS

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Not Rated SEE REPORTS >

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