NSE: KNRCON | BSE: 532942

Strong Performer, Under Radar

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234.93 6.16 (2.69%)

43.44% Fall from 52W High

1.4M NSE+BSE Volume

NSE 16 May, 2025 3:31 PM (IST)

6,607

Market Cap

High in industry

1.2

Beta 1Year

High 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.

29 Nov 2017

234.93

2.69%

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 310.20 from 5 brokers.

KNR Constructions Ltd.

23 Nov 2017

234.93

2.69%

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. is trading above its 50 day SMA of 224.8

KNR Constructions Ltd.

16 Nov 2017, 12:00AM

234.93

2.69%

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 310.20 from 5 brokers.

KNR Constructions Ltd.

15 Nov 2017, 09:18PM

234.93

2.69%

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).

KNR Constructions Ltd. is trading above its 50 day SMA of 224.8

KNR Constructions Ltd.

01 Nov 2017

234.93

2.69%

KNR Constructions Ltd.

Buy: KNR Constructions Ltd.

Ashika Research

Andhra Pradesh, Karnataka, Telengana and Tamil Nadu and that region accounts for ~88% of its current order book. Its clientele in the road segment includes NHAI, state governments and private companies. Besides, it also undertakes small projects in irrigation and water management, the company gets these orders from state governments. KNR over the years has evolved from a smaller sized Roads & Highways EPC player to a large one by executing projects within schedule time. As on 30th June 2017,...

KNR Constructions Ltd. has gained 11.19% in the last 1 Week

KNR Constructions Ltd.

20 Sep 2017

234.93

2.69%

Management Visit Note of KNR Constructions

Mgmt Note: KNR Constructions Ltd.

IDBI Capital

The competitive intensity in flyovers and urban roads is limited. Earthworks and other low-value added work could be sub-contracted. Adding to that, higher share of fast moving bitumen projects can be a catalyst. Winning Hybrid Annuity Model...

KNR Constructions Ltd. has lost -22.32% in the last 6 Months

KNR Constructions Ltd.

20 Sep 2017

234.93

2.69%

KNR Construction Ltd. Q1FY18 Earning Update

Accumulate: KNR Constructions Ltd.

Choice India

KNR Constructions Limited is an India-based holding company. The Company is a multidomain infrastructure project development company. The Company undertakes engineering, procurement and construction (EPC) contracts, as well as build-operatetransfer (BOT) projects across various sectors, such as construction and maintenance of roads, highways, flyovers and bridges. Its range of verticals also include irrigation projects, water management, agriculture and trading business. It has completed approximately 5,890 kilometers of projects across over 10 states in India. Its urban water infrastructure management project is Challaghatta Main Valley Project, which involves the remodeling of primary and secondary storm drains, bridges/culverts and related works in Challaghatta Main Valley in Bangalore City. The Company's irrigation...

KNR Constructions Ltd. is trading below its 100 day SMA of 260.3

KNR Constructions Ltd.

17 Aug 2017

234.93

2.69%

KNR Constructions (1QFY18): Outperformance priced in. Downgrade to NEUTRAL

Neutral: KNR Constructions Ltd.

Recommendation

HDFC Securities

Debtor's days remain the best in the industry at 35 days. With recent price outperformance we downgrade KNRC to NEUTRAL from BUY. Maintain SOTP of Rs 228/sh. KNRC delivered Revenue/EBIDTA beat 21.8/20.1% led by strong order book execution. Despite robust headline numbers, higher depreciation and lower adjusted other income/higher claims award/MAT credit led to 5.7% APAT beat. The B/S is healthy, with standalone net debt at Rs 1.1bn (net D/E at 0.1x, -0.01x adjusting for promoters loan of Rs 1.2bn).

KNR Constructions Ltd. has gained 11.19% in the last 1 Week

KNR Constructions Ltd.

17 Aug 2017

234.93

2.69%

KNR Constructions Ltd - Result Update Q1FY18

Buy: KNR Constructions Ltd.

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 Q1FY18 numbers. Topline grew by...

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

KNR Constructions Ltd.

17 Aug 2017

234.93

2.69%

Result Review of KNR Constructions

Buy: KNR Constructions Ltd.

Target

IDBI Capital

Even excluding claim recognition of Rs168mn, KNR meets our Revenue/EBITDA/net profit expectations of Rs3.4bn/Rs499mn/Rs380mn. Including claims from disputed JVs, KNRC reports Rs4.8bn/Rs844mn/Rs675mn respectively. With Rs33bn in order backlog, translating into a mediocre book-bill of 2x FY18E revenues, we keep our fingers crossed. On order inflows, the narrative is yet to match reality. KNRC, however, guides for revenue exceeding Rs20bn in FY19. We draw from the company capital allocation policy. And we feel the risk-reward...

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

Is KNR Constructions Ltd. worth buying?

462 Votes:

Buy 84.85%

Sell 6.71%

Hold 8.44%

RESEARCH REPORTS

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