KNR Constructions, incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 7302.26 Crore) operating in Infrastructure sector.
KNR Constructions key Products/Revenue Segments include Income From Contracts and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
The company’s top management includes Mr.B V Rama Rao, Mr.K Narasimha Reddy, Mr.K Jalandhar Reddy, Mrs.K Yashoda, Mr.L B Reddy, Mrs.G Chandra Rekha. Company has K P Rao & Co. as its auditors. As on 30-09-2022, the company has a total of 28 Crore shares outstanding.
Investment Rationale
The brokerage believes a strong tender pipeline in Roads can translate into decent order inflows in the coming months, which can provide greater visibility on growth beyond FY24.Based on the current order book of Rs 80 billion, the brokerage expects the company to clock 14% revenue growth over FY22-24, with EBITDA margin in the 18-19% range. The brokerage maintains its BUY rating with a SoTP-based TP of Rs 310, implying 21% potential upside.
Promoter/FII Holdings
Promoters held 51.09 per cent stake in the company as of 30-Sep-2022, while FIIs owned 5.73 per cent, DIIs 34.59 per cent.
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