NSE: KNRCON | BSE: 532942

Value Stock, Under Radar

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210.20 -0.47 (-0.22%)

49.40% Fall from 52W High

462.1K NSE+BSE Volume

NSE 07 May, 2025 10:53 AM (IST)

5,911.6

Market Cap

High in industry

1.2

Beta 1Year

Very 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.

16 Aug 2021

210.20

-0.22%

KNR construction: Q1FY22 Result Review

Buy: KNR Constructions Ltd.

Recommendation Target

IDBI Capital

Targeting order inflow of Rs30-40bn in FY22: Q1FY22 Order book at Rs117bn (incl L1 and OB equals 4x TTM Revenue) and during the quarter KNRC has received 1 HAM project worth Rs10bn. And company is targeting additional orders of Rs20-30bn in remaining part of FY22E. In irrigation orders of Rs30bn , KNR has land issue for orders of Rs7bn (Kerala order) and expect all requisite approval by Jan-22E. Outlook on receivables: Q1FY22 Net working capital (NWC) days has reduced to 66 days vs 82 days QoQ. Receivables of Rs6.5bn (vs Rs5bn as on FY21) are still pending from the Government of Telangana. Out of which company expects to receive...

KNR Constructions Ltd. has lost -28.21% in the last 3 Months

KNR Constructions Ltd.

13 Aug 2021

210.20

-0.22%

Q1FY22 Result Update - Robust execution - ACCUMULATE

Accumulate: KNR Constructions Ltd.

Target

Prabhudas Lilladhar

Given strong 1Q, management guided for revenues of Rs34bn (given current condition) in FY22 with EBITDAM sustainable at 17-18% range. KNR Constructions posted strong results beating our & street estimates, despite second wave of pandemic impacting execution. Margins were better...

KNR Constructions Ltd. has lost -30.00% in the last 6 Months

KNR Constructions Ltd.

24 May 2021

210.20

-0.22%

KNR CONSTRUCTIONS LIMITED

Buy: KNR Constructions Ltd.

Geojit BNP Paribas

Order book grew by 36% YoY aided by Rs8,400cr of inflows in FY21, provides revenue visibility for the coming years. EBITDA margin declined by 227bps YoY to 19.5% due to higher material cost and sub-contracting expenses. Q1FY22 execution is likely to impact due to the second wave of Covid and reduction in workforce efficiency to 60%-70%. Govt's strong thrust on infra and NHAI's strong order pipeline to support growth prospects in the long term....

KNR Constructions Ltd. has lost -28.21% in the last 3 Months

KNR Constructions Ltd.

23 May 2021

210.20

-0.22%

KNR construction: Q4FY21 Result Review

Accumulate: KNR Constructions Ltd.

IDBI Capital

KNR Construction (KNRC) PAT was higher than our estimate and is led by better execution (Q4FY21 revenue up 39% YoY). Despite pandemic which impacted Q1FY21, FY21 Revenue is up 20% YoY versus KNR guidance 10-11% increase. In Q4FY21 Project execution has gained pace and average execution efficiency stood at 95%. KNRC has highlighted the efficiency has reduced to 50-55% due to Covid in Q1FY22. But it expects momentum to pick up in the coming quarters and has guided for revenue of Rs30bn+ for FY22. Order Inflow in FY21 was highest ever for KNR. With this, KNR has strong order book of Rs114bn i.e. 4x FY21 revenue. But increase in the commodity prices could weigh on the EBITDA margin. We have lowered...

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

KNR Constructions Ltd.

23 May 2021

210.20

-0.22%

Another strong quarter; order book remains robust

Buy: KNR Constructions Ltd.

Motilal Oswal

KNR Construction (KNRC) continued its steady performance with revenue growth of 39% YoY, surpassing our expectations by 19%. The company ended FY21 with revenue growth of 22% (despite the lockdowns). The order book (OB) was strong at INR71.2b, and including L1 orders worth INR43b, the OB-to-revenue ratio stood at 4.2x. The pending receivables from the Telangana government now stand at INR5b (including unbilled revenue), with some amount of delay attributable to the ongoing pandemic. Gross debt was negligible at INR7m at the end of...

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

KNR Constructions Ltd.

22 May 2021

210.20

-0.22%

KNR Constructions

Buy: KNR Constructions Ltd.

ICICI Securities Limited

At the end of Q4, KNR's order book was at | 7,117.9 crore, mainly contributed by irrigation (43.7%), roads - HAM (25.5%) and roads - EPC (30.8%) segments. Including the recently won two HAM and one EPC projects (worth | 4322.9 crore), its order book position was robust at | 11,441 crore (4.2x book to FY21 revenues). With a handful of orders, the company is aiming to bag | 3,000-4,000 crore of orders in FY22. Going ahead, KNR expects its execution pace to get impacted in the near term with decline in execution efficiency currently at ~65% (from 95% in Q4) owing to...

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

KNR Constructions Ltd.

25 Feb 2021

210.20

-0.22%

KNR CONSTRUCTIONS LIMITED

Buy: KNR Constructions Ltd.

Geojit BNP Paribas

KNR Constructions Ltd. has lost -28.21% in the last 3 Months

KNR Constructions Ltd.

16 Feb 2021

210.20

-0.22%

KNR Constructions Ltd. | Q3FY21 Result Update

Buy: KNR Constructions Ltd.

Edelweiss

Maintaining healthy growth and light balance sheet

KNR Constructions Ltd. is trading below all available SMAs

KNR Constructions Ltd.

14 Feb 2021

210.20

-0.22%

Execution remains strong; order book robust

Buy: KNR Constructions Ltd.

Motilal Oswal

KNR Construction (KNRC) continued its steady performance in terms of execution by reporting revenue 6% above our expectation. EBITDA margin remained higher than our estimate of 19% on rising share of higher margin Irrigation projects (29% of total revenue in 3QFY21). Order book (OB) stood...

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

KNR Constructions Ltd.

14 Feb 2021

210.20

-0.22%

KNR construction: Q3FY21 Result Review

Accumulate: KNR Constructions Ltd.

IDBI Capital

KNR construction LTD (KNRC) Q3FY21 EBITDA was higher than our estimate by 16%. This was led by better execution (revenue up 23% YoY) in the quarter. YTDFY21 order inflow stood at Rs40bn and KNRC guides for incremental orders of Rs30-40bn in Q4FY21. We have increased our execution run rate for FY21 and FY22 to 20% pa and this has resulted in increase in the EPS by 23%/28%. We have revised our valuation multiple for EPC construction business to 18x (earlier 15x), thus TP is revised to Rs254 (earlier Rs172). Stock is up 50% since Dec-20 and re-retaining ACCUMULATE rating on the stock. At our TP, implied valuation is 20x FY23E EPS (30% premium to +1 STD of its means of last 10 years)....

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

Is KNR Constructions Ltd. worth buying?

460 Votes:

Buy 84.78%

Sell 6.74%

Hold 8.48%

RESEARCH REPORTS

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