Construction
Valuation | |
|---|---|
| Market Cap | 4.04 kCr |
| Price/Earnings (Trailing) | 6.56 |
| Price/Sales (Trailing) | 1.24 |
| EV/EBITDA | 6.91 |
| Price/Free Cashflow | -8.8 |
| MarketCap/EBT | 6.23 |
| Enterprise Value | 6.27 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -1.2% |
| Price Change 1M | -0.20% |
| Price Change 6M | -35.9% |
| Price Change 1Y | -55.2% |
| 3Y Cumulative Return | -18.9% |
| 5Y Cumulative Return | -4.8% |
| 7Y Cumulative Return | 4.3% |
| 10Y Cumulative Return | 11.4% |
| Revenue (TTM) |
| 3.26 kCr |
| Rev. Growth (Yr) | -68.7% |
| Earnings (TTM) | 483.91 Cr |
| Earnings Growth (Yr) | -82% |
Profitability | |
|---|---|
| Operating Margin | 24% |
| EBT Margin | 20% |
| Return on Equity | 10.16% |
| Return on Assets | 6.29% |
| Free Cashflow Yield | -11.36% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -166.56 Cr |
| Cash Flow from Operations (TTM) | -566.58 Cr |
| Cash Flow from Financing (TTM) | 480.09 Cr |
| Cash & Equivalents | 81.48 Cr |
| Free Cash Flow (TTM) | -594.56 Cr |
| Free Cash Flow/Share (TTM) | -21.14 |
Balance Sheet | |
|---|---|
| Total Assets | 7.69 kCr |
| Total Liabilities | 2.93 kCr |
| Shareholder Equity | 4.76 kCr |
| Current Assets | 3.34 kCr |
| Current Liabilities | 761.71 Cr |
| Net PPE | 296.87 Cr |
| Inventory | 158.57 Cr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.3 |
| Debt/Equity | 0.49 |
| Interest Coverage | 2.54 |
| Interest/Cashflow Ops | -1.59 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 0.25 |
| Dividend Yield | 0.17% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Profitability: Recent profitability of 15% is a good sign.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Strong Balance Sheet.
Technicals: Bullish SharesGuru indicator.
Insider Trading: Significant insider selling noticed recently.
Momentum: Stock has a weak negative price momentum.
Smart Money: Smart money is losing interest in the stock.
Growth: Declining Revenues! Trailing 12m revenue has fallen by -42.1% in past one year. In past three years, revenues have changed by -17.3%.
Past Returns: Underperforming stock! In past three years, the stock has provided -18.9% return compared to 12.5% by NIFTY 50.
Profitability: Recent profitability of 15% is a good sign.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Strong Balance Sheet.
Technicals: Bullish SharesGuru indicator.
Insider Trading: Significant insider selling noticed recently.
Momentum: Stock has a weak negative price momentum.
Smart Money: Smart money is losing interest in the stock.
Growth: Declining Revenues! Trailing 12m revenue has fallen by -42.1% in past one year. In past three years, revenues have changed by -17.3%.
Past Returns: Underperforming stock! In past three years, the stock has provided -18.9% return compared to 12.5% by NIFTY 50.
Investor Care | |
|---|---|
| Dividend Yield | 0.17% |
| Dividend/Share (TTM) | 0.25 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 21.89 |
Financial Health | |
|---|---|
| Current Ratio | 4.38 |
| Debt/Equity | 0.49 |
Technical Indicators | |
|---|---|
| RSI (14d) | 5.48 |
| RSI (5d) | 19.13 |
| RSI (21d) | 49.48 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Buy |
| SharesGuru Signal | Buy |
| RSI Signal | Buy |
| RSI5 Signal | Buy |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal |
Summary of KNR Constructions's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
In the Q1 FY '26 earnings call for KNR Constructions Limited, management provided an outlook reflecting a cautious but potentially positive trajectory for the company. They noted a muted ordering activity in the road sector, with the NHAI awarding only 166 kilometers of highway projects during the quarter, yet highlighted a robust project pipeline valued at INR 3.4 trillion, encompassing 124 highways and expressway projects spanning 6,376 kilometers.
Key forward-looking points include:
Order Inflow Target: Management anticipates an order inflow of approximately INR 10,000 crores to INR 12,000 crores by the end of FY '26, which will include a mix of NHAI, irrigation, mining, and other state government projects.
Execution Challenges: Despite a strong operational pipeline, management acknowledged the impact of land acquisition processes and NHAI's new bidding norms, which could delay project rollouts. The company aims to execute new orders quickly once awarded, with projections of around INR 2,000 to INR 2,500 crore in revenue for FY '26, significantly lower than previous estimates due to these delays.
Mining Project: The company, through a joint venture, secured a contract valued at INR 4,800 crores for the Banhardih coal mine in Jharkhand, marking its entry into the mining sector. Expected revenues from this project are roughly INR 90 crores in the first year and INR 700 crores annually thereafter.
HAM Project Progress: As of June 30, 2025, progress for various HAM projects ranges from 43% to 99%. The company has invested INR 676 crore out of a revised equity requirement of INR 990 crores for these projects, with an additional INR 314 crores needed over FY '26 and FY '27.
Debt and Working Capital: The consolidated debt as of June 30, 2025, stands at INR 2,018 crores. A rise in working capital days from 93 to 169 days has been noted, attributed primarily to delays in receivables from ongoing projects.
The overall management perspective is cautiously optimistic, focusing on future growth opportunities while navigating current challenges with execution and cash flows.
Understand KNR Constructions ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Kamidi Narsimha Reddy | 30.4% |
| Kamidi Jalandhar Reddy | 13.25% |
| Icici Prudential Infrastructure Fund | 4.3% |
| Hdfc Mutual Fund - Hdfc Mid-Cap Fund | 3.76% |
| Kamidi Yashoda | 2.85% |
| Mereddy Rajesh Reddy | 2.31% |
| Hsbc Mutual Fund - Hsbc Value Fund | 1.44% |
Detailed comparison of KNR Constructions against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| LT | Larsen & Toubro | 5.3 LCr | 2.76 LCr | -5.10% | +9.90% | 32.34 | 1.93 | - | - |
| IRB | IRB Infrastructure Developers | 25.06 kCr | 8.27 kCr |
Comprehensive comparison against sector averages
KNRCON metrics compared to Construction
| Category | KNRCON | Construction |
|---|---|---|
| PE | 6.56 | 22.55 |
| PS | 1.24 | 1.64 |
| Growth | -42.1 % | 5.1 % |
KNR Constructions Limited, together with its subsidiaries, engages in the construction, engineering, and infrastructure development activities in India. It provides engineering, procurement, and construction services for roads, highways, bridges and flyovers, expressways, viaducts, irrigation, urban water infrastructure management, and other projects. The company was incorporated in 1995 and is based in Hyderabad, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
KNRCON vs Construction (2021 - 2026)
Alok: What led to such a low execution even if we look at Y-o-Y basis? What is the outlook on execution for 2Q and the remaining part of FY '26?
K. Venkata Ram Rao: The muted execution this quarter was mainly because most of our existing projects are nearly complete. We have only four ongoing projects, which have just started, while others exceeded 90% completion. For Q2, we expect to execute around INR40 crores monthly in dry months, but during rainy months, it could drop to INR10-15 crores. We are projecting full-year revenue guidance of INR2,000 to INR2,500 crores.
Alok: Is the revenue guidance for the full year going to be in the range of INR2,000 crores to INR2,500 crores?
K. Jalandhar Reddy: Yes, we anticipate revenues to range between INR2,000 to INR2,500 crores. This range reflects uncertainties in new project starts. If we secure more new orders, this could potentially increase our revenue.
Shravan Shah: What revenue are we looking to achieve from the INR3,500 crores mining order?
K. Jalandhar Reddy: In this year, following commencement, we anticipate about INR90 crores revenue. Eventually, we expect to generate around INR700 crores per annum from this mining project once it ramps up.
Shravan Shah: How much revenue are we expecting from the water pipeline project worth INR1,073 crores?
K. Jalandhar Reddy: By March next year, we expect to receive around INR500 crores from the pipeline project, with the remaining balance to be completed by November next year.
Niteen: Can you clarify the change in your revenue guidance as it has decreased since last quarter?
K. Venkata Ram Rao: Our previous optimistic outlook did not account for the lack of new orders and ongoing project completion. Current guidance reflects reality; we are now targeting INR2,000 to INR2,500 crores for this year.
Hetan Jain: How does land acquisition affect the order inflow, particularly in relation to NHAI approvals?
K. Jalandhar Reddy: NHAI is indeed required to complete land acquisition before project awards. Their primary concern is ensuring that 90% of land is secured before initiating the tender process.
Rehan Saiyyed: What steps are being taken toward diversification into metro and railway projects?
K. Jalandhar Reddy: We are discussing partnerships and have previously quoted tenders for metro projects. Our ambition is to actively participate in these sectors to expand our portfolio.
Faizal Hawa: Will incoming HAM project revenue make us net cash positive?
K. Venkata Ram Rao: Currently, we are cash positive on a standalone basis. The expected monetization of assets will significantly enhance our liquidity, which could reduce interest costs.
Bhavin Modi: Can you provide a revenue breakdown by segment for this quarter?
K. Venkata Ram Rao: This quarter, our revenues breakdown included 58% from HAM projects, 31% from EPC road projects, 6% from irrigation, and 5% from back-to-back projects.
Shrey Mehta: What was the total capex incurred in Q1 FY '26?
K. Venkata Ram Rao: We incurred a capex of just INR2 crores this quarter, and for the entire year, we expect to spend around INR100 crores.
These responses summarize both the questions and answers addressed during the Q&A session for KNR Constructions Limited's Q1 FY '26 earnings call, focusing on revenue outlook, operational challenges, and project statuses.
| Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Small Cap Fund | 1.38% |
| Franklin India Small Cap Fund | 1.05% |
| Bajaj Finserv Small Cap Fund | 1.02% |
Distribution across major stakeholders
Distribution across major institutional holders
| -21.00% |
| 3.81 |
| 3.03 |
| - |
| - |
| NCC | NCC | 9.43 kCr | 21.37 kCr | -3.30% | -39.30% | 11.88 | 0.44 | - | - |
| PNCINFRA | PNC Infratech | 6.04 kCr | 5.89 kCr | -5.40% | -22.70% | 7.52 | 1.03 | - | - |
| HGINFRA | H.G. Infra Engineering | 4.44 kCr | 5.03 kCr | -9.40% | -51.00% | 10.74 | 0.88 | - | - |
| -8.4% |
| 132 |
| 144 |
| - |
| 313 |
| 690 |
| 232 |
| Exceptional items before tax | - | 0 | 0 | - | 0 | -15.01 | 0 |
| Total profit before tax | -8.4% | 132 | 144 | - | 313 | 675 | 232 |
| Current tax | 36.8% | 27 | 20 | - | 63 | 82 | 55 |
| Deferred tax | -38.8% | 2.26 | 3.06 | - | -0.39 | 7.94 | -0.36 |
| Total tax | 27.3% | 29 | 23 | - | 63 | 90 | 55 |
| Total profit (loss) for period | -14.8% | 105 | 123 | - | 248 | 580 | 166 |
| Other comp. income net of taxes | 0% | 0.17 | 0.17 | - | 0.07 | 0.11 | 0.19 |
| Total Comprehensive Income | -15.4% | 105 | 124 | - | 248 | 580 | 166 |
| Earnings Per Share, Basic | -19.8% | 3.72 | 4.39 | - | 8.84 | 15.7 | 6.14 |
| Earnings Per Share, Diluted | -19.8% | 3.72 | 4.39 | - | 8.84 | 15.7 | 6.14 |
| -57.1% |
| 13 |
| 29 |
| 39 |
| 27 |
| 49 |
| 47 |
| Depreciation and Amortization | -27.6% | 90 | 124 | 147 | 135 | 144 | 192 |
| Other expenses | -30% | 1,089 | 1,556 | 1,356 | 1,269 | 1,108 | 879 |
| Total Expenses | -20% | 2,836 | 3,544 | 3,209 | 2,757 | 2,360 | 1,996 |
| Profit Before exceptional items and Tax | 41.4% | 974 | 689 | 567 | 557 | 392 | 304 |
| Exceptional items before tax | - | -15.01 | 0 | 138 | 21 | -11.25 | -10.72 |
| Total profit before tax | 39.2% | 959 | 689 | 705 | 579 | 381 | 294 |
| Current tax | 11.9% | 227 | 203 | 181 | 153 | 159 | 98 |
| Deferred tax | 162.9% | 6.24 | -7.33 | 26 | 44 | -22.39 | -29.35 |
| Total tax | 19.5% | 234 | 196 | 206 | 197 | 137 | 68 |
| Total profit (loss) for period | 47.1% | 726 | 494 | 499 | 382 | 244 | 225 |
| Other comp. income net of taxes | -108.7% | 0.69 | 4.58 | 0.5 | -0.63 | -0.23 | -0.39 |
| Total Comprehensive Income | 45.9% | 726 | 498 | 499 | 381 | 244 | 225 |
| Earnings Per Share, Basic | 49.8% | 25.8 | 17.56 | 17.74 | 13.58 | 8.68 | 8.01 |
| Earnings Per Share, Diluted | 49.8% | 25.8 | 17.56 | 17.74 | 13.58 | 8.68 | 8.01 |
| -14.4% |
| 257 |
| 300 |
| 336 |
| 366 |
| 409 |
| 408 |
| Capital work-in-progress | 79.7% | 0.88 | 0.41 | 1.18 | 2.18 | 4.05 | 2.51 |
| Investment property | 0% | 66 | 66 | 66 | 66 | 66 | 66 |
| Non-current investments | 113.9% | 833 | 390 | 347 | 662 | 685 | 197 |
| Loans, non-current | 4.1% | 3.78 | 3.67 | 3.57 | 3.47 | 3.38 | 3.29 |
| Total non-current financial assets | 6% | 870 | 821 | 733 | 708 | 722 | 585 |
| Total non-current assets | 1.1% | 1,479 | 1,463 | 1,433 | 1,379 | 1,454 | 1,290 |
| Total assets | -0.3% | 4,638 | 4,650 | 4,447 | 4,238 | 3,824 | 3,700 |
| Total non-current financial liabilities | -77.2% | 2.02 | 5.47 | 2.99 | 4.22 | 0 | 0 |
| Provisions, non-current | -16.3% | 5.87 | 6.82 | 8.09 | 6.63 | 13 | 12 |
| Total non-current liabilities | -18.2% | 10 | 12 | 22 | 22 | 29 | 28 |
| Borrowings, current | - | 74 | 0 | 2.95 | 0 | 76 | 0.25 |
| Total current financial liabilities | -11.3% | 517 | 583 | 623 | 788 | 483 | 527 |
| Provisions, current | 21.4% | 18 | 15 | 5.48 | 8 | 11 | 15 |
| Current tax liabilities | 18.8% | 6.36 | 5.51 | 47 | 6.14 | 17 | 16 |
| Total current liabilities | -11.9% | 610 | 692 | 738 | 991 | 858 | 937 |
| Total liabilities | -12.1% | 620 | 705 | 760 | 1,012 | 886 | 965 |
| Equity share capital | 0% | 56 | 56 | 56 | 56 | 56 | 56 |
| Total equity | 1.9% | 4,018 | 3,945 | 3,687 | 3,226 | 2,938 | 2,734 |
| Total equity and liabilities | -0.3% | 4,638 | 4,650 | 4,447 | 4,238 | 3,824 | 3,700 |
| -0.5% |
| 217 |
| 218 |
| 212 |
| 183 |
| - |
| - |
| Net Cashflows From Operating Activities | -222% | -263.7 | 218 | 13 | 343 | - | - |
| Cashflows used in obtaining control of subsidiaries | -64.7% | 68 | 191 | 0 | -29.57 | - | - |
| Proceeds from sales of PPE | -72.7% | 2.24 | 5.54 | 58 | 3.71 | - | - |
| Purchase of property, plant and equipment | -75.3% | 20 | 78 | 110 | 298 | - | - |
| Interest received | 162.2% | 292 | 112 | 1.86 | 16 | - | - |
| Other inflows (outflows) of cash | -1109.8% | -59.61 | -4.01 | 22 | -27.65 | - | - |
| Net Cashflows From Investing Activities | 191.9% | 147 | -157.81 | 83 | -275.74 | - | - |
| Proceeds from borrowings | -47.1% | 265 | 500 | 250 | 100 | - | - |
| Repayments of borrowings | -47.1% | 265 | 500 | 250 | 101 | - | - |
| Dividends paid | 0% | 7.03 | 7.03 | 7.03 | 7.03 | - | - |
| Interest paid | -47.6% | 12 | 22 | 40 | 31 | - | - |
| Other inflows (outflows) of cash | - | 0 | 0 | 0.25 | 0 | - | - |
| Net Cashflows from Financing Activities | 34.4% | -18.68 | -29.02 | -47.02 | -38.99 | - | - |
| Net change in cash and cash eq. | -554.5% | -135.36 | 31 | 49 | 28 | - | - |