KNR Constructions Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 8058.78 Crore) operating in Infrastructure sector.
KNR Constructions Ltd. key Products/Revenue Segments include Income From Contracts and Other Operating Revenue for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 812.09 Crore, down -18.83 % from last quarter Total Income of Rs 1000.44 Crore and up 53.36 % from last year same quarter Total Income of Rs 529.52 Crore. Company reported net profit after tax of Rs 102.81 Crore in latest quarter.
Investment Rationale
With the ongoing development in the entire infra space, a strong and diversified order book position, efficient execution prowess, asset monetization plan, and a clean balance sheet, the brokerage expects the company to post Revenues/EBITDA/APAT growth of 18%/17%/29% CAGR respectively over FY21-24E. It maintains a BUY on KNRCL and value the company at 17x FY24E EPS and HAM projects at 1X book value to arrive at a target price of Rs 340, implying an upside of 20% from CMP.
Promoter/FII Holdings
Promoters held 51.48 per cent stake in the company as of 30-Sep-2021, while FIIs owned 4.29 per cent, DIIs 33.86 per cent.
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