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KNR Constructions rises on getting LoA worth Rs 690.30 crore KNR Constructions is currently trading at Rs. 274.60, up by 2.20 points or 0.81% from its previous closing of Rs. 272.40 on the BSE. The scrip opened at Rs. 273.50 and has touched a high and low of Rs. 278.55 and Rs. 272.10 respectively. So far 30317 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 310.90 on 14-Mar-2022 and a 52 week low of Rs. 202.85 on 20-Oct-2022. Last one week high and low of the scrip stood ...
KNR Constructions rises on getting LoA worth Rs 690.30 crore
KNR Constructions rises on getting LoA worth Rs 690.30 crore
Source: Accord Fintech
13/03/2023 12:20:42 PM
KNR Constructions soars on getting LoA worth Rs 665 crore KNR Constructions is currently trading at Rs. 263.75, up by 5.70 points or 2.21% from its previous closing of Rs. 258.05 on the BSE. The scrip opened at Rs. 263.00 and has touched a high and low of Rs. 266.00 and Rs. 262.45 respectively. So far 11456 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 323.95 on 03-Mar-2022 and a 52 week low of Rs. 202.85 on 20-Oct-2022. Last one week high and low of the scrip stood ...
KNR Constructions soars on getting LoA worth Rs 665 crore
KNR Constructions soars on getting LoA worth Rs 665 crore
Source: Accord Fintech
2/03/2023 10:37:55 AM
Buy KNR Constructions Ltd For Target Rs.377 - Yes Securities Weak order inflow Our view KNR Constructions Ltd (KNRC) reported Q3FY23 revenue/EBITDA/APAT of Rs 8.3bn/1.6bn/0.2bn, missing our estimates on all fronts by 8.8%/10.7%/77.5%. As of Q3, KNRC’s order book continued to remain stagnant to Rs81bn however tender pipeline is expected to be strong with orders worth Rs170bn to be bided in Feb and Mar’23. The balance HAM equity requirement for the HAM projects is Rs4.3bn as of Dec’22 with Rs0.8bn/Rs2.6bn/Rs0.9bn to be invested in...
Buy KNR Constructions Ltd For Target Rs.377 - Yes Securities
Buy KNR Constructions Ltd For Target Rs.377 - Yes Securities
Source: Yes Securities Ltd
14/02/2023 12:47:56 PM
Buy KNR Constructiont Ltd For Target Rs.322 - Anand Rathi Share and Stock Brokers Irrigation exposure pruned, orders needed; retaining our Buy rating On healthy recoveries from Telangana irrigation orders and as the monetisation of three hybrid annuities was consummated in entirety, KNR regained its net-cash status. Irrigation receipts mean execution stabilises at such orders, and the recent appointment of Chittor-Thatchur mean the project is set to start contributing. These augur well, but order additions remain an area of concern, and need to be addressed at the earli...
Buy KNR Constructiont Ltd For Target Rs.322 - Anand Rathi Share and Stock Brokers
Buy KNR Constructiont Ltd For Target Rs.322 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
14/02/2023 12:25:23 PM
Top Pick 2023 :Buy KNR Constructions Ltd - Motilal Oswal Financial Services Buy KNR Constructions Ltd For Target Rs.310 A STRONG order pipeline to TENDER a bright prospect Firmly placed to capitalize on the huge industry opportunity * Robust tender pipeline…: We delved deep into the open tender pipeline (link) for Roads segment (at INR1,144b currently, and translating into 4,100kms of projects) and concluded that KNR Constructions (KNR)’s growth visibility beyond FY24 is likely to brighten notably. While the order inflows over the last coup...
Top Pick 2023 :Buy KNR Constructions Ltd - Motilal Oswal Financial Services
Top Pick 2023 :Buy KNR Constructions Ltd - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
31/12/2022 11:18:06 AM
Buy KNR Constructions Ltd For Target Rs.310 - Motilal Oswal Financial Services Execution set to improve; new order inflows expected * KNR Constructions (KNR)’s order book to bill ratio stood at ~2.5x of FY22 revenue that provides topline visibility over the next two years. Though the company has not won any notable orders in FY23, its tender pipeline is robust. * KNR is aiming INR30–40b of order wins in the remaining months of FY23. Management is also looking to bid in other regions within India. However, the focus area would continue to be on the Road...
Buy KNR Constructions Ltd For Target Rs.310 - Motilal Oswal Financial Services
Buy KNR Constructions Ltd For Target Rs.310 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
19/12/2022 12:51:23 PM
Buy KNR Constructions Ltd For Target Rs.314 - Centrum Broking Execution to pick?up; irrigation receivables elevated KNR Constructions’ (KNR) Q2FY23 adjusted PAT at Rs908m (up 13% YoY) was largely in? line with estimate of Rs883m. Reported PAT at Rs1.08bn includes net impact of Rs167m from sale of old arbitration claims in 2 JVs. Irrigation receivables and unbilled revenue have increased to Rs9.5bn currently (Rs8.5bn in Aug?22 and Rs6.5bn in May?22) due to delayed  payments  from Telangana government.  KNR...
Buy KNR Constructions Ltd For Target Rs.314 - Centrum Broking
Buy KNR Constructions Ltd For Target Rs.314 - Centrum Broking
Source: Centrum Broking
12/12/2022 9:58:49 AM
KNR Constructions Ltd : Irrigation still an issue; raising to a Buy on better placed risk-rew - Anand Rathi Shares and Stock Brokers Irrigation still an issue; raising to a Buy on better placed risk-reward Recognizing the markedly greater balance-sheet exposure to Telangana irrigation orders, the pace of execution at such orders in KNR’s Q2 mostly tracked additional receipts. It continues to engage with state agencies and has been assured of gradual payment releases, with the possibility of a lump sum as well. Meanwhile, management expects Road orders to help deliver on its revenue guidance, and it banks on health...
KNR Constructions Ltd : Irrigation still an issue; raising to a Buy on better placed risk-rew - Anand Rathi Shares and Stock Brokers
KNR Constructions Ltd : Irrigation still an issue; raising to a Buy on better placed risk-rew - Anand Rathi Shares and Stock Brokers
Source: Anand Rathi Shares and Stock Brokers Ltd
29/11/2022 2:46:52 PM
Buy KNR Constructions Ltd For Target Rs.377 - Yes Securities Robust execution   Our view KNRC reported strong set of numbers in 2QFY23, despite onset of monsoon. Revenue grew 12% YoY to Rs8.5bn owing to pick up in execution of HAM projects and it included one?off income of Rs327mn w.r.t to arbitration income and early completion bonus. Despite inflationary pressure EBITDA margin came at 22.3% (vs 18.5% in Q1FY23). As of Q2FY23, KNR’s order book continued to decrease to Rs80bn from Rs90bn in FY22 as only one new order was bagged in...
Buy KNR Constructions Ltd For Target Rs.377 - Yes Securities
Buy KNR Constructions Ltd For Target Rs.377 - Yes Securities
Source: Yes Securities Ltd
28/11/2022 2:31:00 PM
Samvat 2079 Diwali Picks 2022 : Fundamental Investment Ideas By Asit C Mehta Investment Dhanuka Agritech Ltd Reco. Price: 650-680 Target Price: 840 (26%) ACCUMULATE Company Background Dhanuka Agritech Limited (“Dhanuka”) is a leading Agrochemical Company in India with Pan-India presence through its marketing offices in all major states across India. The 3 manufacturing facilities in Rajasthan, Gujarat and J&K with 40 warehouses and network of over 14 branch offices across the Indian geography. This caters to 7000+ distributors & around 80,000 retaile...
Samvat 2079 Diwali Picks 2022 : Fundamental Investment Ideas By Asit C Mehta Investment
Samvat 2079 Diwali Picks 2022 : Fundamental Investment Ideas By Asit C Mehta Investment
Source: PR Agency
18/10/2022 11:22:19 AM
Buy KNR Constructions Ltd For Target Rs.310 - Motilal Oswal Financial Services Robust order book places KNRC on a strong footing * KNRC witnessed a strong execution in FY22, with revenue growing 21% YoY to INR32.7b, and a healthy EBITDA margin of ~21%. Its order book currently stands at INR93.5b (2.8x FY22 revenue). Around 76% of the order book comprises of Road projects, and the balance consists of Irrigation projects. *  The order pipeline is decent, with the management expecting INR30-40b of project wins in FY23. It is looking at bidding in other regions w...
Buy KNR Constructions Ltd For Target Rs.310 - Motilal Oswal Financial Services
Buy KNR Constructions Ltd For Target Rs.310 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
22/09/2022 1:13:49 PM
KNR Constructions soars as its arm gets bonus claim of Rs 8.13 crore KNR Constructions is currently trading at Rs. 251.70, up by 9.95 points or 4.12% from its previous closing of Rs. 241.75 on the BSE. The scrip opened at Rs. 246.50 and has touched a high and low of Rs. 251.70 and Rs. 241.10 respectively. So far 17900 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 329.80 on 01-Feb-2022 and a 52 week low of Rs. 207.80 on 21-Jun-2022. Last one week high and low of the scrip stood ...
KNR Constructions soars as its arm gets bonus claim of Rs 8.13 crore
KNR Constructions soars as its arm gets bonus claim of Rs 8.13 crore
Source: Accord Fintech
21/09/2022 3:19:01 PM
Buy KNR Constructions Ltd For Target Rs 346 - Centrum Broking KNR Construction  Strong execution; irrigation receivables rise KNR Constructions’  (KNR) Q1FY23 PAT at Rs1bn  (up  38% YoY) was above estimate of Rs779m led by stronger execution. Irrigation receivables and unbilled revenue at Rs8.5bn currently have risen from Rs6.5bn in May 22 with no in...
Buy KNR Constructions Ltd For Target Rs 346 - Centrum Broking
Buy KNR Constructions Ltd For Target Rs 346 - Centrum Broking
Source: Sushil Finance Ltd
18/08/2022 10:22:46 AM
Buy KNR Constructions Ltd For Target Rs.310 - ICICI Securities Strong execution during quarter… About the stock: KNR Constructions is one of the leading companies in the roads and highways sector having executed 6,000+ lane km of projects across 12 states in India. The company also has an established presence in irrigation and urban water infrastructure management. * Reported 16.3% revenue CAGR over FY17-22 and has consistently delivered industry-leading operating margin * Prudent management, robust return ratios (RoCE: 20%+) Q1FY23 Re...
Buy KNR Constructions Ltd For Target Rs.310 - ICICI Securities
Buy KNR Constructions Ltd For Target Rs.310 - ICICI Securities
Source: ICICI Securities Ltd
16/08/2022 9:55:44 AM
KNR Constructions zooms on receiving Letter of Acceptance worth Rs 34.26 crore KNR Constructions is currently trading at Rs. 256.85, up by 5.55 points or 2.21% from its previous closing of Rs. 251.30 on the BSE. The scrip opened at Rs. 253.80 and has touched a high and low of Rs. 260.05 and Rs. 253.50 respectively. So far 12451 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 343.55 on 01-Sep-2021 and a 52 week low of Rs. 207.80 on 21-Jun-2022. Last one week high and low of the scrip stood ...
KNR Constructions zooms on receiving Letter of Acceptance worth Rs 34.26 crore
KNR Constructions zooms on receiving Letter of Acceptance worth Rs 34.26 crore
Source: Accord Fintech
18/07/2022 11:50:22 AM
Buy KNR Constructions Ltd For Target Rs.320 - Motilal Oswal Financial Services Robust execution leads to a beat on all fronts The Highways segment is in focus; Irrigation facing challenges * Revenue grew 8% YoY to ~INR10.1b in 4QFY22, 7% above our estimate. EBITDA margin was a robust 20.6% in 4QFY22 (up 111bp YoY, est. 19.2%) * Irrigation projects constituted 30% of revenue in FY22. However, pending receivables from irrigation projects in Telangana and AP (the state governments lack funds) stood at INR6.5b. It hasn’t received any payments from irrigation ...
Buy KNR Constructions Ltd For Target Rs.320 - Motilal Oswal Financial Services
Buy KNR Constructions Ltd For Target Rs.320 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
18/06/2022 2:52:08 PM
Update on KNR Construction Ltd by Motilal Oswal Robust performance 4QFY22 earnings snapshot * Revenue grew 8% YoY and 32% QoQ to ~INR10.1b in 4QFY22, 7% above our estimate. * EBITDA margin was a robust 21% in 4QFY22 (+111bp YoY), driven by increasing execution in the high margin Irrigation segment. * EBITDA/PAT grew 14%/47% YoY to INR2.1b/INR1.1b (15%/11% above our estimate). * The current order book stands ~INR90b (excluding recently won projects), with an order book-to-revenue ratio of 2.8x. * The consolidated net debt ...
Update on KNR Construction Ltd by Motilal Oswal
Update on KNR Construction Ltd by Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
8/06/2022 2:19:52 PM
Buy KNR Constructions Ltd For Target Rs.346 - Centrum Broking Guidance cautious but room to do better KNR Constructions’ (KNR) Q4FY22 PAT at Rs1.13bn (up 17% YoY on recurring base) was  above estimate of Rs943m led by stronger execution/ margins. Irrigation receivables at  Rs6.5bn  currently  (Rs5.9bn  in  Feb‐22)  have  remained  within  this ...
Buy KNR Constructions Ltd For Target Rs.346 - Centrum Broking
Buy KNR Constructions Ltd For Target Rs.346 - Centrum Broking
Source: Centrum Broking Ltd
3/06/2022 12:44:31 PM
Buy KNR Constructions Ltd For Target Rs.362 - Yes Securities Playing to its strength   Our view KNRC reported strong revenues in line with our estimates owing to pick up in execution in HAM and Irrigation projects resulting into healthy margins for 4QFY22 at 20.6%. Tendering pipeline continues to remain strong with NHAI and management expects order inflows of Rs40‐50bn in FY23E. Despite these headwinds, the company continues to maintain strong liquidity position with Rs2.2bn net cash position. Going forward, management observes delay in...
Buy KNR Constructions Ltd For Target Rs.362 - Yes Securities
Buy KNR Constructions Ltd For Target Rs.362 - Yes Securities
Source: Yes Securities Ltd
1/06/2022 12:38:00 PM
KNR Constructions Q4 net profit jumps 46.52% at Rs 112.79 cr The company reported standalone net profit of Rs 112.79 crore for the quarter ended March 31, 2022 as compared to Rs 76.98 crore in the same period last year, registering a year-on-year growth of 46.52 per cent. Net revenue of the company rose moderately by 8.01 per cent at Rs 1,010.74 crore in January-March quarter of this fiscal as against Rs 935.79 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 6.52 per cent to Rs 802.74 crore fro...
KNR Constructions Q4 net profit jumps 46.52% at Rs 112.79 cr
KNR Constructions Q4 net profit jumps 46.52% at Rs 112.79 cr
Source: Dion Global Solutions Ltd
31/05/2022 10:11:19 AM
Buy KNR Constructions Ltd For Target Rs.360 - Motilal Oswal Superior execution with a comfortable Balance Sheet KNRC sits on a strong order book of ~INR100b (excluding recently won projects), which provides clear revenue visibility for the next three years. It has received appointed dates (AD) for two HAM projects in Jan’22 and financial closure (FC) in one HAM project in Apr’22, which will support execution in FY23E and FY24E. We expect margin to stay elevated, despite inflationary pressures from higher commodity prices, as a sizabl...
Buy KNR Constructions Ltd For Target Rs.360 - Motilal Oswal
Buy KNR Constructions Ltd For Target Rs.360 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
22/04/2022 10:21:02 AM
Buy KNR Constructions Ltd For Target Rs.360 - ICICI Direct Decent performance; healthy outlook… About the stock: KNR Constructions is one of the leading companies in the roads and highways sector having executed 6,000+ lane km of projects across 12 states in India. The company also has an established presence in irrigation and urban water infrastructure management Reported 24.5% revenue CAGR over FY16-21 and has consistently delivered industry-leading operating margin of ~20% throughout past three years Prudent management, net debt fr...
Buy KNR Constructions Ltd For Target Rs.360 - ICICI Direct
Buy KNR Constructions Ltd For Target Rs.360 - ICICI Direct
Source: ICICI Direct
11/03/2022 2:38:24 PM
Buy KNR Construction Ltd For Target Rs.360 - Motilal Oswal Result marginally below our estimate Execution to pick up * KNR Construction (KNRC) delivered 12% YoY revenue growth (10% below our estimate) with EBITDA margin at 20.7% (v/s our estimate of 20%). The order book (OB) stood at INR100b (excluding recently won projects), with OB/revenue at 3.1x. * KNRC received the appointed dates in two HAM projects in Jan’22, which should support execution in FY23E and FY24E. The company is debt-free at the standalone level. It has pending rece...
Buy KNR Construction Ltd For Target Rs.360 - Motilal Oswal
Buy KNR Construction Ltd For Target Rs.360 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
26/02/2022 10:53:11 AM
High Conviction Idea : Buy KNR Constructions Ltd For Target Rs.375 - Centrum Broking Business Overview KNR is an EPC focussed player with presence in Roads and Irrigation verticals Present in 5 states. Strong order backlog of Rs108bn (3.4x TTM revenues), providing strong revenue visibility.   Investment thesis Proven track record, dependable governance and sound cashflow management. Robust backlog of Rs108bn provides revenue visibility till FY24 (~75% of FY24 revenue coming from current order backlog). Expect strong scale up in revenue to Rs42.6bn/Rs...
High Conviction Idea : Buy KNR Constructions Ltd For Target Rs.375 - Centrum Broking
High Conviction Idea : Buy KNR Constructions Ltd For Target Rs.375 - Centrum Broking
Source: Centrum Broking Ltd
25/02/2022 2:28:44 PM
ICICI Bank, ITC, KNR Constructions 'top picks' for Centrum Broking ICICI Bank, LIC Housing Finance, UTI Asset Management Company, and Care Ratings shares are brokerage house Centrum Broking's 'top picks' for the current quarter. For ICICI Bank, the brokerage gives a 'buy' call at Rs 776 with a target price of Rs 940. For LIC Housing, UTI Asset Management Committee, and Care Ratings, it recommended buy at Rs 387, Rs 870, and Rs 512, whereas targets are Rs 575, Rs 1,420, and Rs 700, respectively. In the FMCG space, its top picks ar...
ICICI Bank, ITC, KNR Constructions 'top picks' for Centrum Broking
ICICI Bank, ITC, KNR Constructions 'top picks' for Centrum Broking
Source: IANS
24/02/2022 9:34:20 AM
Small Cap : Accumulate KNR Constructions Ltd For Target Rs.354 - Geojit Financial Strong order book provides visibility KNR Constructions Ltd (KNR) is a leading EPC player largely focusing on national and state highway projects. KNR has successfully executed ~7,500 lane km road projects across 12 states in India • Q3FY22 revenue grew by 11.7% YoY which is below our estimate due to tepid execution of new projects. • Despite higher commodity prices, EBITDA margin improved by 103bps YoY to 20.7% due to fall in employee & other expenses. • Order ...
Small Cap : Accumulate KNR Constructions Ltd For Target Rs.354 - Geojit Financial
Small Cap : Accumulate KNR Constructions Ltd For Target Rs.354 - Geojit Financial
Source: Geojit Financial Services Ltd
18/02/2022 11:37:54 AM
KNR Constructions trades higher on the BSE KNR Constructions is currently trading at Rs. 302.00, up by 2.40 points or 0.80% from its previous closing of Rs. 299.60 on the BSE. The scrip opened at Rs. 302.00 and has touched a high and low of Rs. 309.25 and Rs. 300.25 respectively. So far 17440 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 343.55 on 01-Sep-2021 and a 52 week low of Rs. 162.00 on 01-Jan-2021. Last one week high and low of the scrip stood ...
KNR Constructions trades higher on the BSE
KNR Constructions trades higher on the BSE
Source: Accord Fintech
3/01/2022 12:58:36 PM
Buy KNR Constructions Ltd For Target Rs.346 - Edelweiss Financial Services Strong performance KNR Constructions (KNR) reported a 26% YoY jump in Q2FY22 top line to INR7.6bn while higher EBITDA margin of 22.2% (up ~190bp YoY) sent PAT surging 56% YoY. With total order book at ~INR116bn, revenue visibility is a healthy 3.7x. Despite ~INR7bn in outstanding payments for irrigation projects (~INR6.5bn at end-Q1FY22), the company’s net debt to equity is 0.02x. A robust order book and healthy balance sheet underpin our bullish stance on KNR. Receipt of proceeds...
Buy KNR Constructions Ltd For Target Rs.346 - Edelweiss Financial Services
Buy KNR Constructions Ltd For Target Rs.346 - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
10/12/2021 9:27:04 AM
Buy KNR Constructions Ltd For Target Rs.340 - ICICI Direct Commodity price increase impact margins VA Tech Wabag’s Q1FY22 revenue at Rs6.6bn was in-line with expectations. However, due to increase in commodity prices, EBIDTA margin was down 170bps YoY to 5%. The company has succeeded in financial closure of two HAM projects, which will commence execution going forward. Chennai 400MLD desalination project ordering activity has commenced and prequalification bids are complete with new state government in charge. Strong orderbook of Rs104bn (3....
Buy KNR Constructions Ltd For Target Rs.340 - ICICI Direct
Buy KNR Constructions Ltd For Target Rs.340 - ICICI Direct
Source: ICICI Direct
16/10/2021 10:27:58 AM
Buy KNR Construction Ltd : Another strong quarter; order book remains robust - Motilal Oswal Buy KNR Construction Ltd For Target Rs.330 Another strong quarter; order book remains robust Maintains net cash position * KNR Construction (KNRC) continued its steady performance with revenue growth of 54% YoY, surpassing our expectations by 23%. The order book (OB) was strong at INR117b (including L1 orders worth INR51b), with the OB/revenue ratio at 3.9x. * Pending receivables from the Telangana government now stand at INR6.5b (including unbilled revenue), of which INR2.7b rece...
Buy KNR Construction Ltd : Another strong quarter; order book remains robust - Motilal Oswal
Buy KNR Construction Ltd : Another strong quarter; order book remains robust - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
6/10/2021 9:44:27 AM
KNR Constructions gains on receiving Letter of Acceptance for HAM project in Andhra Pradesh KNR Constructions is currently trading at Rs. 314.65, up by 2.70 points or 0.87% from its previous closing of Rs. 311.95 on the BSE. The scrip opened at Rs. 313.00 and has touched a high and low of Rs. 320.55 and Rs. 309.60 respectively. So far 48478 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 343.55 on 01-Sep-2021 and a 52 week low of Rs. 113.80 on 12-Oct-2020. Last one week high and low of the scrip stood ...
KNR Constructions gains on receiving Letter of Acceptance for HAM project in Andhra Pradesh
KNR Constructions gains on receiving Letter of Acceptance for HAM project in Andhra Pradesh
Source: Accord Fintech
15/09/2021 11:32:29 AM
KNR Constructions soars on receiving LoA for road project in Hyderabad KNR Constructions is currently trading at Rs. 317.50, up by 13.90 points or 4.58% from its previous closing of Rs. 303.60 on the BSE. The scrip opened at Rs. 325.00 and has touched a high and low of Rs. 325.00 and Rs. 315.35 respectively. So far 22768 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 343.55 on 01-Sep-2021 and a 52 week low of Rs. 113.80 on 12-Oct-2020. Last one week high and low of the scrip stood...
KNR Constructions soars on receiving LoA for road project in Hyderabad
KNR Constructions soars on receiving LoA for road project in Hyderabad
Source: Accord Fintech
14/09/2021 11:26:50 AM
Buy KNR Constructions Ltd For Target Rs.360 - Axis Securities Well-positioned to Reap Benefits of Infra Spending We initiate coverage on KNR Constructions Limited (KNRCL) with a BUY recommendation and a Target Price (TP) of Rs 360/share, implying an upside of 18% from the current levels. We believe KNRCL is well placed to take advantage of the government push towards developing infrastructure, and emerging opportunities in the construction space aided by a strong management pedigree and the company’s healthy financial position.   Inv...
Buy KNR Constructions Ltd For Target Rs.360 - Axis Securities
Buy KNR Constructions Ltd For Target Rs.360 - Axis Securities
Source: Axis Securities Ltd
28/08/2021 10:01:05 AM
Buy KNR Construction Ltd For Target Rs.340 - Centrum Broking Strong growth visibility KNR Constructions (KNR) reported strong earnings, which beat estimates driven by strong execution/margins. PAT grew 83% YoY to Rs730m (estimate: Rs560m). Order backlog including new HAM projects is robust at Rs117bn (3.9x TTM revenue) and growth visibility is high even beyond our forecast horizon of FY23. Revenue can nearly double by FY24 (we see potential of ~Rs52bn), with nearly 80% coming from its existing backlog. While valuations at 15.4x FY23E earnings (adjus...
Buy KNR Construction Ltd For Target Rs.340 - Centrum Broking
Buy KNR Construction Ltd For Target Rs.340 - Centrum Broking
Source: Centrum Broking Ltd
17/08/2021 2:20:26 PM
Buy KNR Construction Ltd For Target Rs. 265 - Motilal Oswal Another strong quarter; order book remains robust Further strengthens its net cash position * 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 INR5...
Buy KNR Construction Ltd For Target Rs. 265 - Motilal Oswal
Buy KNR Construction Ltd For Target Rs. 265 - Motilal Oswal
Source: Motilal Oswal Financial Services
17/06/2021 10:18:03 AM
Buy KNR Constructions Ltd For Target Rs. 270 - ICICI Direct Order book robust; second wave to impact execution KNR Constructions reported a healthy performance in Q4FY21 wherein standalone revenue improved 38.5% YoY to | 935.8 crore aided by a) its strong order book position, b) receipt of appointed date in most of its projects and c) normalisation in labour availabilities and smoothening of raw material supply chain. Also, its operating profit margin was at an elevated 19.5%, down 227 bps YoY, on account of better project mix led by higher contrib...
Buy KNR Constructions Ltd For Target Rs. 270 - ICICI Direct
Buy KNR Constructions Ltd For Target Rs. 270 - ICICI Direct
Source: ICICI Direct
14/06/2021 12:26:08 PM
Small Cap : Buy KNR Constructions Ltd For Target Rs. 281 - Geojit Financial Stellar performance... 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. * Q4FY21 revenue grew by 39% YoY driven by strong execution in HAM projects and normalisation of workforce to pre-Covid level. * Order book grew by 36% YoY aided by Rs8,400cr of inflows in FY21, provides revenue visibility for the coming years. * EBITDA margin declin...
Small Cap : Buy KNR Constructions Ltd For Target Rs. 281 - Geojit Financial
Small Cap : Buy KNR Constructions Ltd For Target Rs. 281 - Geojit Financial
Source: Geojit Financial Services Ltd
25/05/2021 9:28:55 AM
Buy KNR Constructions Ltd For Target Rs. 261 - Yes Securities Result Highlights * KNR Constructions reported topline growth of 39% yoy (at Rs.9.3 bn), much ahead of our estimate of Rs.7.6 bn topline driven by higher execution.   * Operating margin remained at elevated levels of ~19.5% (‐228 bps yoy/ ‐24 bps qoq). This was in line with our estimates of 20% margins. The margins were strong due to execution of high margin irrigation projects. * Higher tax outgo saw PAT grew by 15% yoy to Rs.770 mn.   * Order book at the...
Buy KNR Constructions Ltd For Target Rs. 261 - Yes Securities
Buy KNR Constructions Ltd For Target Rs. 261 - Yes Securities
Source: Yes Securities Ltd
24/05/2021 11:04:03 AM
Technical Positional Pick - Buy KNR Constructions Ltd​​​​​​​ For Target Rs. 228 - HDFC Securities Technical Positional Pick - Buy KNR Constructions Ltd For Target Rs. 228 - HDFC Securities  The attached weekly timeframe chart of KNR Constructions Ltd indicate a gradual down trend in the last few months till last week. The stock price has witnessed a sustainable upside bounce so far and is currently trading higher. This is signaling a formation of bullish flag or pennant type pattern. Hence a sustainable upmove above the upside breakout point of Rs 21...
Technical Positional Pick - Buy KNR Constructions Ltd​​​​​​​ For Target Rs. 228 - HDFC Securities
Technical Positional Pick - Buy KNR Constructions Ltd​​​​​​​ For Target Rs. 228 - HDFC Securities
Source: HDFC Securities Ltd
12/05/2021 1:44:24 PM
KNR Constructions surges on receiving Letter of Acceptance for HAM project in Kerala KNR Constructions is currently trading at Rs. 213.80, up by 6.85 points or 3.31% from its previous closing of Rs. 206.95 on the BSE. The scrip opened at Rs. 211.10 and has touched a high and low of Rs. 219.00 and Rs. 209.80 respectively. So far 39079 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 242.10 on 03-Feb-2021 and a 52 week low of Rs. 89.00 on 07-Apr-2020. Last one week high and low of the scrip stood a...
KNR Constructions surges on receiving Letter of Acceptance for HAM project in Kerala
KNR Constructions surges on receiving Letter of Acceptance for HAM project in Kerala
Source: Accord Fintech
31/03/2021 11:38:24 AM
Small Cap : Buy KNR Constructions Ltd For Target Rs.259 Order book provides visibility... 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. * Order book grew by 30% YoY aided by ~Rs4,000cr of inflows in 9MFY21 and with strong order pipeline KNR is targeting for ~Rs 4,000cr of new orders in Q4FY21. * Q3FY21 revenue grew by 23% YoY as execution efficiency normalised to pre-Covid level. * EBITDA ...
Small Cap : Buy KNR Constructions Ltd For Target Rs.259
Small Cap : Buy KNR Constructions Ltd For Target Rs.259
Source: Geojit Financial Services Ltd
26/02/2021 9:02:35 AM
Buy KNR Constructions Ltd For Target Rs. 256 - Yes Securities Our View    With better labor availability and with Monsoon largely behind, execution momentum is likely to continue through Q4 FY21. Operating margin is expected to remain healthy at ~17‐18% levels driven by the high margin irrigation projects. The order book is in a comfortable position with ~3.5x FY21E revenues. The robust bid pipeline, continued focus on asset monetization and comfortable balance sheet position provide comfort. We increase our estimates to factor in the ...
Buy KNR Constructions Ltd For Target Rs. 256 - Yes Securities
Buy KNR Constructions Ltd For Target Rs. 256 - Yes Securities
Source: Yes Securities Ltd
15/02/2021 12:30:43 PM
Buy KNR Constructions Ltd For Target Rs.390 - HDFC Securities Debtors recovery in sight KNR delivered yet another strong quarter with Rev/EBIDTA/APAT beat of 21/26/51%. Roads/irrigation segment contributed 77/23% to the revenue. The order book (OB) is robust at Rs 85.5bn (~3.6x book to bill), having won projects worth Rs 34.6bn (1HFY21)and Rs11.6bn (2QFY21). The NHAI bid pipeline is strong with KNR targeting Rs 30-35bn inflow for the rest of FY21. Based on social distancing site efficiency is ~80% with KNR expecting Rs 6/7bn of revenue for 3Q/4QFY21....
Buy KNR Constructions Ltd For Target Rs.390 - HDFC Securities
Buy KNR Constructions Ltd For Target Rs.390 - HDFC Securities
Source: HDFC Securities Ltd
22/01/2021 12:15:04 PM