Order book of knr constructions

The company is amongst one of the best companies preferred by mutual funds in infrastructure sector with more than 30% held by them. The stocks of the construction and engineering company were trading at. Knr limited, provides epc services, primarily for roads and highways. Recent order inflows pump up order book buy the company now intends to focus purely on the asset light epc space, which would help it maintain leverage. Pick of the week april 16, 2018 robust order book provides strong revenue visibility order book as end of dec 31, 2017 stood at rs 3332. Company is monetization its assets to focus on asset light projects. M knr constructions a revenue visibility improves n i india. Knr construction, incorporated in 1995, possesses strong expertise in executing epc projects.

On the build operate transfer bot side, it has four road projects operational largely in southern states. Knr constructions hits lifetime high on strong order book. Transportation segment order books swell on pickup in. M knr constructions a revenue visibility improves n i.

Knr which is primarily focused on the roads and highways segment, has strong track record in timely and successful execution of. Knr constructions knr, an established road contractor, is poised to register 20. Knr constructions ltd knr is a leading epc player largely focusing on national and state highway projects. Irrigation projects form rs 1654 cr of the order book. Knr constructions shares rally as motilal oswal raises target on strong balance sheet jan 2020.

We expect knr to post a revenueebitda cagr of 1912 percent over fy19fy22e supported by rampups from the existing order book, said prabhudas lilladher which maintained a buy rating on the. Investment rationale at the end of dec19, knr s order book stood heathy at around rs 59 billion, which translates to healthy 2. The road sector in india is one of the focus areas of the government to increase job growth and kickstart the investment cycle, which has been stuck for six to seven years. Apr 22, 2016 knr constructions has an order book of rs 3,470 crore consisting of road and irrigation projects. Knr construction knr is a hyderabadbased company focussing on road infrastructure projects. Knr constructions knrc, one of best managed road constructor with light balance sheet, low working capital and one of the highest roce among peers, reported its q1fy18 numbers. The company has around 75% orders from the road segment while the remaining are from the irrigation department.

Jun 20, 2018 narnolia financial knr constructions buy cmp. In 1997, knrcl acquired at their book values the assets and liabilities of ms k. Knr constructions ltd knr, incorporated in 1995, is hyderabad based construction company promoted by mr. Amongst the companies, knr constructions reported strong 111 percent growth in profits to rs 243. Healthy order book providing good revenue visibility order book was rs 3600 crore as on september 30, 2017. Over 90% of its order book is located in south india. Knrcl incorporated in 1995 by professionals having experience in the field of infrastructure development. In the first two months of the current fiscal year, the company received orders worth. On new orders front, it secured order inflows oi worth 1,800 crore. Knr constructions has rallied % to rs 726, extending its tuesday 3% gain on the bse, after the company said it has strong engineering, procurement and construction epc order book position of rs 4,258 crore as on june 30, 2016 q1fy17 comprising of rs 3,528 crore in roads sector and rs 730 crore in irrigation. Knr constructions ltds q3fy19 standalone net profit. Knr has also won ham orders worth rs 56,11 cr of which rs 39,75 cr has not been included in the order book yet. Knr constructions has an order book of rs 3,470 crore consisting of road and irrigation projects. The top 5 road projects are of rs 3155 cr while other projects consist of rs 1077 cr.

Knr constructions share in issue mn knrs top line grew 1 month order book adj. The company is broadly present in construction of roads and highways with small presence in irrigation space. The company has strong bid pipeline in road sector from hybrid annuity model ham based projects in south india. The order book gives strong revenue growth visibility for the next two years. Knr constructions is a midcap company, operating in construction. Execution rampup key to sustain positive momentum in knr. Knr constructions shares rally as motilal oswal raises target on. Knr has successfully executed 6,000 lane km road projects across 12 states in india. Knr constructions ltds q3fy19 standalone net profit declines. This ob does not include 920 crore palani ham project. Knr constructions engages in construction activities epc segment focused on the road sector and collecting tolls and maintaining road projects. Knr constructions icici direct researchinitiating coverage ob at strong 6,519 crore.

Currently may 8, 2018, knr constructions ltd is available at a price to earnings pe ratio of about 18. Road developing stocks face deep potholes despite high. How knr is above the rest in constuction industry the. Feb 16, 2020 knrs order book ob was at a strong 6,681. The inflows more than doubled knr constructions order book to. Narasimha reddy who is a promoter of knrcl, this partnership firm was engaged in the business of undertaking civil and mechanical contract works. Knr constructions ltd receipt of order worth of rs. We expect knrs revenue and pat to grow at 29% and 23% cagr in. May 09, 2018 currently may 8, 2018, knr constructions ltd is available at a price to earnings pe ratio of about 18. Knr constructions buy top 10 stocks to buy after this. Second wave apr 2011 mar 2014 14 company performance toughest period for entire infra industry knrs revenue sales and profits both came down revenue 688crs in 20 vs 793crs in 2011 net profit 52crs in 20 vs 57crs in 2011 order book. Topline grew by 59% yoy to inr 481 cr against expectations of 32% gr.

Nov 22, 2018 knr constructions knr q2fy19 top line grew 6% yoy as lack of sufficient executable orders opening booktobill at 1x took a toll. Given the companys strong order book position obrev. It has executed infrastructure projects independently and through joint ventures to leverage extensive experience and execution capabilities of both parties, which has helped it to bag orders in diverse regions and of large value. Knr constructions limited share price, stock price, knr. Kotak securities maintains buy on knr constructions, target price rs 305 03 jan 2020. Sep 03, 2017 knr constructions knrc, one of best managed road constructor with light balance sheet, low working capital and one of the highest roce among peers, reported its q1fy18 numbers. Knr constructions ltd, hyderabad, a premier infrastructure development company received any work order for rs. Shares of knr constructions knrcl hit a threemonth high of rs 225, up 8% on thursday, extending its wednesdays 3% gain on bse, on the expectation of strong earnings growth over the mediumterm. In fy16 for instance, the epc order book of jkumar infraprojects stood at around r8,500 crore, knr constructions stood at r4,500 crore, pnc infratech at about r6,300 crore, while for sadbhav it. The current order book lends us comfort for strong. The epc order book of knr has increased to rs 15,41 cr as of 31 st dec 18. Knr constructions in an official statement said that it has bagged a hybrid annuity projects ham from karnataka state highways improvement project kship, for which the company had bid at an investment of. Recent order inflows provide revenue growth visibility. Knr constructions rallies 3% as brokerages remain bullish.

Kkknr constructionsnr constructions india infoline. The minimum order quantity is 35 shares per application and the offer type is book built issue. Road developing stocks face deep potholes despite high order. Knr constructions news knr constructions announcement. Ebitda margin remained high at 20%, but higher capital. The construction firm holds two toll projects in a joint venture with patel engineering ltd and held an order book of rs17. Also, the fund inflow is likely to aid the companys balance sheet position, inturn, better placed to bag more projects. The order book has been boosted by recent project awards worth rs 11 bn including an. The stock rallied 8% to rs 225 on thursday, extending its wednesdays 3% gain on bse, on the expectation of strong earnings growth over the mediumterm. This subsidiary is engaged in general trading activities. Knr constructions bags rs 295 crore contract for flyovers by ndtv on 19 feb 2016 05. Knr construct consolidated december 2019 net sales at rs 603. Knr constructions knr q2fy19 top line grew 6% yoy as lack of sufficient executable orders opening booktobill at 1x took a toll.

Knr was always an epc player, but it also took up select bot projects to counter slowdown. It experienced a significant order inflow during fy16 and currently sits on an order book of rs. Knr constructions has rallied % to rs 726, extending its tuesday 3% gain on the bse, after the company said it has strong engineering, procurement and construction epc order book position of rs 4,258 crore as on june 30, 2016 q1fy17 comprising of. In terms of june quarter earnings, dilip buildcon reported dismal set of earnings, where its consolidated revenue from operations declined 3. Robust order book provides strong revenue visibility knr saw strong traction in its order inflows of rs. Knr constructions ipo is a mainboard ipo of 7,874,570 equity shares of the face value of. The present order book is largely concentrated in southern region comprising 97%. Ashoka buildcons order backlog was at rs 8,168 crore while knr constructions reported order book of rs 4,633 crore as on june 30, 2019. Read more about knr constructions hits threemonth high.