NSE: KNRCON | BSE: 532942

Strong Performer, Under Radar

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223.90 0.01 (0.00%)

46.10% Fall from 52W High

978.2K NSE+BSE Volume

NSE 21 Jul, 2025 3:31 PM (IST)

6,296.8

Market Cap

High in industry

1.0

Beta 1Year

Average volatility

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.

03 Jun 2019

KNR Constructions Ltd - Result Update Q4FY19

Buy: KNR Constructions Ltd.

Target

Edelweiss

KNR constructions (KNR), one of best managed road constructor with light balance sheet, low working capital and one of the highest RoCE among peers, reported its Q4FY19 numbers.

KNR Constructions Ltd. is trading above its 100 day SMA of 222.4

KNR Constructions Ltd.

01 Jun 2019

KNR Constructions (4QFY19): Outperformance continues. Maintain BUY

Buy: KNR Constructions Ltd.

Target

HDFC Securities

KNR delivered strong 4Q/FY19 financial performance beating its own guidance of FY19 muted Revenue growth. Owing to delay in ADs, we have cut our FY20E Revenue/EBIDTA/APAT estimates by 8/8/14%. For FY21E we have cut Revenue estimate by 3.5%, but due to an increase in EBIDTA margin estimate and lower depreciation, our EPS has gone up by 9.6%. Kerala/Muzaffarpur BOT collection per day stood at Rs 1.8/2.4mn vs. Rs 1.6/2mn QOQ. We maintain BUY. Key risks (1) Slowdown in government ordering (2) Higher crude and cement prices (3) Increase in interest rates and (4) Tightening liquidity in the financial sector. We maintain BUY on KNR with an increased SOTP-based TP of Rs 363 (valuing core EPC business 18x FY21EPS at Rs 303/sh, Subsidiaries Rs 60/sh). KNR delivered strong Revenue/EBIDTA/APAT beat of 30/36/55%.

KNR Constructions Ltd. has lost -34.87% in the last 1 Year

KNR Constructions Ltd.

01 Jun 2019

KNR Constructions (BUY): Robust Q4 beat HAM projects to spur growth

Buy: KNR Constructions Ltd.

BOB Capital Markets Ltd.

Robust Q4 beat HAM projects to spur growth KNR Constructions' (KNRC) Q4FY19 revenue growth remained robust at 15% YoY led by faster execution of a HAM project. EBITDA margins held strong at 20.1% on the back of high-margin irrigation projects. Order backlog expanded 2.6x QoQ to Rs 40.2bn (1.9x FY19 revenue) led by the award of appointed dates (AD). Gross toll collection at Muzaffarpur/Walayar BOT projects rose to Rs 2.4mn/Rs 1.8mn per day. We raise earnings estimates and...

KNR Constructions Ltd. is trading above its 100 day SMA of 222.4

KNR Constructions Ltd.

01 Jun 2019

Beat led by execution of better margin orders

Buy: KNR Constructions Ltd.

Target

Motilal Oswal

FY20 guidance 15% revenue growth and 15.5-16% margins: KNR expects revenue growth of 15% for FY20 taking into consideration current order backlog position. It expects operating margins from the road projects to range between 15.5-16%. FY19 operating margins of 20% were supported by high margin irrigation projects, which contributed 30% to revenues. There...

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

KNR Constructions Ltd.

31 May 2019

KNR Construct

Buy: KNR Constructions Ltd.

Dolat Capital

View: Spike in execution in FY20E, maintain Buy KNR's revenue is up 14.6% YoY to `7.2 bn (the highest quarterly revenue in its history) in Q4FY19 (31.7% above estimates), due to robust execution. The EBITDA margin rose 80 bps YoY to 20.1% (211 bps above estimates), driven by higher contribution from the high margin irrigation segment, coupled with lower subcontracting cost. The reported PAT increased 15.6% YoY to `922 mn, due to a strong operating performance. The Adj. PAT (after...

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

KNR Constructions Ltd.

13 Feb 2019

KNR Constructions (3QFY19): All seems well. Maintain BUY

Buy: KNR Constructions Ltd.

Target

HDFC Securities

We maintain BUY with SOTP based valuation of Rs 337/sh. KNR delivered Revenue/PAT beat of 7.6/3% led by execution of Rs 0.9bn in irrigation projects. EBIDTA margins came in at 20% aided by 20% revenue from high margin irrigation segment. Order book is now Rs 55.2bn with Rs 1.5bn new orders, largely from existing projects increase in scope of work. Bid pipeline remain strong and KNR expects to take Rs 20bn new orders in 4QFY19E, largely driven by 1 HAM (Rs 10bn) and balance from Irrigation, bridges and flyovers.

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

KNR Constructions Ltd.

13 Feb 2019

Beat driven by better revenue mix

Buy: KNR Constructions Ltd.

Target

Motilal Oswal

Revenues stood at INR4.5b (+3.6% YoY), in line with our estimate of INR4.4b, led by timely execution of the KP Sagar Irrigation project (INR960m revenue contribution; 20% of 3QFY19 sales), Hubli (INR600m), Madurai (INR400m), Trivandrum (INR520m) and Yedulla (INR410m). EBIDTA at INR901m (- 8% YoY) was ahead of our 13 February 2019 estimate of INR740m. Operating margins declined 260bp YoY to 20%, but was ahead of our estimate of 17.0%. Better-than-estimated margins were due to the better revenue mix (20% revenue contribution from KP Sagar Irrigation project, where margins are in excess of 20%+). PAT declined 21% YoY to INR521m, exceeding our estimate of INR339m. Dec18, order backlog stood at INR55.2b (including EPC value of HAM project), providing visibility of 2.9x its FY18 revenue. Of the total order book of INR55.2b, 94% comes in from Roads with the balance coming from the Irrigation segment.

KNR Constructions Ltd. is trading below its 150 day SMA of 249.9

KNR Constructions Ltd.

13 Feb 2019

KNR Constructions Ltd - Result Update Q3FY19

Buy: KNR Constructions Ltd.

Edelweiss

KNR constructions (KNR), one of best managed road constructor with light balance sheet, low working capital and one of the highest RoCE among peers, reported its Q3FY19 numbers.

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

KNR Constructions Ltd.

12 Feb 2019

KNR Construction's (KNRC) sales rose 3.6% yoy to Rs4.5bn in Q3FY19 (our est. Rs4.6bn), ma...

Buy: KNR Constructions Ltd.

Emkay

KNR Construction's (KNRC) sales rose 3.6% yoy to Rs4.5bn in Q3FY19 (our est. Rs4.6bn), mainly due to execution of irrigation and key road projects. EBITDAM at 20% was better than executed mainly due to execution of high margin irrigation projects. KNRC has entered into a SPA with Cube Investments to sell three HAM projects. The deal optically values the investment at about P/B 1.8x; however, factoring in the opportunity...