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.

14 Nov 2018, 12:00AM

225.62

0.57%

Beat driven by better revenue mix

Buy: KNR Constructions Ltd.

Target

Motilal Oswal

YoY to INR4.2b, exceeding our estimate of INR3.8b, supported by smooth execution of projects in hand. Key projects contributing to revenue were KP Sagar Irrigation Project (INR1.2b; 30% of revenue), Pollachi (INR457m), Madurai (INR416m) and Hubli (INR582m). Operating profit of INR831m (+1% 13 November 2018 YoY), too, was above our estimate of INR596m, supported by better revenue mix. Operating margin declined 100bp YoY to 20.0%, however, it was ahead of our estimate of 15.5%. Better-than-estimated margins were on account of better revenue mix (30% revenue contribution from KP Sagar Irrigation project where margins are in excess of 20% +). PAT declined 24% YoY to INR450m, exceeding our estimate of INR263m. Tax rate stood at 0.6% v/s our estimate of 10%. September 2018, order backlog stood at INR58.1b (including EPC value of HAM project), providing revenue visibility of 3.

KNR Constructions Ltd. is trading below its 100 day SMA of 262.6

KNR Constructions Ltd.

13 Nov 2018

225.62

0.57%

KNR Construct

Buy: KNR Constructions Ltd.

Target

Dolat Capital

KNR's revenue grew 5.8% YoY in Q2FY19 to `4.2bn (18.1% above estimates) led by robust execution. EBITDA margin down 100 bps YoY to 20.0% (319 bps above estimates) due to higher other expenses and employee costs which was partially offset by lower construction costs by 67 bps YoY to 63.2% of revenue. Reported PAT down 23.8% YoY to `450 mn (122.2% above estimates) due to muted operating performance coupled with higher depreciation and higher interest expense which was partially offset by rise in other income....

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

KNR Constructions Ltd.

12 Nov 2018

225.62

0.57%

KNR Constructions (2QFY19): Still holding on. Maintain BUY

Buy: KNR Constructions Ltd.

Target

HDFC Securities

We maintain BUY with an increased SOTP valuation of Rs 331/sh. KNR delivered Rev/EBIDTA/PAT beat of 3/18/9%. We continue to believe that KNR will deliver YoY muted growth revenue, guidance beat. 1HFY19 already achieved 50% revenue and with stronger 2HFY18 we are building in 5.6% revenue growth. 2QFY19 EBIDTA margin stood at 20%, we estimate sustainable margins to be around 16-17% and have upgraded our FY19/20E APAT by 21/10% to reflect the same.

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

KNR Constructions Ltd.

11 Sep 2018

225.62

0.57%

KNR Construct

Buy: KNR Constructions Ltd.

Target

Dolat Capital

Annual Report 2018: Four Decades of Engineering Excellence The annual report theme encompasses four decades of engineering excellence in the field of infrastructure such as roads, irrigation and water management works. KNR maintains its market position by continuously focusing on engineering excellence, improving and sharpening competencies, adapting latest construction technologies, deployment of sophisticated construction equipment and timely delivery. KNR reported revenue growth of 25.3% YoY in FY18. EBITDA...

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

KNR Constructions Ltd.

14 Aug 2018, 12:00AM

225.62

0.57%

Building strong momentum - a beat on all fronts

Buy: KNR Constructions Ltd.

Target

Motilal Oswal

YoY to INR5.6b, exceeding our estimate of INR4.9b, supported by smooth execution of projects in hand. Key projects contributing to revenue were KP Sagar Irrigation Project (INR1.7b; 30% of revenue), Yedula (INR500m), Madurai (INR540m) and Pollachi (INR450m). Operating profit of INR1.1b 14 August 2018 (+30% YoY), too, was above our estimate of INR0.74b, supported by better- than-expected execution. Operating margin expanded 210bp YoY to 19.7%, ahead of our estimate of 15.2%. PAT grew 10% YoY to INR740m, exceeding our estimate of INR417m. Tax rate stood at 12.3% v/s our estimate of 10%. 2018, order backlog stood at INR59.

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

KNR Constructions Ltd.

14 Aug 2018, 12:00AM

225.62

0.57%

KNR Constructions - 1QFY19 Result Update

Buy: KNR Constructions Ltd.

Target

Reliance Securities

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

KNR Constructions Ltd.

12 Aug 2018

225.62

0.57%

KNR Constructions (1QFY19): Outperformance continues. Maintain BUY

Buy: KNR Constructions Ltd.

Target

HDFC Securities

We continue to maintainBUY with and increased SOTP of Rs 392/sh. KNRC continues to outperform its growth guidance and delivered strong 1QFY19 revenue at Rs 5.6bn which was 18.4% above estimates. EBITDA at Rs 1.1bn was 35.7% above our estimates, with EBITDA margins expanding to 19.7% (+215bps YoY, +42bps QoQ). We estimate sustainable margins to be around 16-17% and have revised our estimates to reflect the same. APAT beat stood at 57.5%.

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

KNR Constructions Ltd.

02 Aug 2018

225.62

0.57%

Satisfactory progress on new HAM projects

Buy: KNR Constructions Ltd.

Target

Motilal Oswal

2 August 2018 Infrastructure KNRC has received in principle financial sanctions for three of the four HAM projects the company has won from NHAI and the fourth project is expected to achieve financial closure by August 2018. Full financial closure should happen once KNRC has 80% land available on 3H basis to execute the projects. With financial sanctions in place for the three projects, focus will now be on NHAI making 80% of the land available, which will aid timely execution of the projects in hand. KNRC is in advanced-stage talks to rope in an equity partner in the four NHAI HAM projects it has won. The financial partner will infuse money by way of optionally- convertible bonds during the construction stage, the bonds will have 14% cost of borrowing, and on completion of the project, the bonds will be converted to equity. Total equity investment in the Muzzafarpur project stands at INR9b.

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

KNR Constructions Ltd.

11 Jun 2018

225.62

0.57%

KNR Construct

Buy: KNR Constructions Ltd.

Target

Dolat Capital

Spike in execution from 2HFY19E post dip in 1HFY19E KNR's revenue grew 29.5% YoY in Q4FY18 to `6.2bn (19.2% above estimates) led by better execution. The EBITDA margin expanded 435bps YoY to 22.3% (135bps above estimates) due to lower subcontracting costs and few projects nearing completion having better margins. Depreciation has increased sharply by 152% YoY (up 32.2% QoQ) to `491mn due to higher asset utilization for couple of irrigation projects with shorter execution period. Adj. PAT grew sharply by 52.1% YoY to `797mn (81.7% above...

KNR Constructions Ltd. has lost -26.65% in the last 6 Months

KNR Constructions Ltd.

08 Jun 2018

225.62

0.57%

KNR Constructions Ltd | Q4FY18 Result Update

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 Q4FY18 numbers.

KNR Constructions Ltd. is trading below its 100 day SMA of 262.6

Is KNR Constructions Ltd. worth buying?

461 Votes:

Buy 84.82%

Sell 6.72%

Hold 8.46%

RESEARCH REPORTS

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