VALUE PICK SEPTEMBER ’17: KNR Constructions Ltd, Update
Update:
Fixing of Record Date for the “Bonus Issue“
The Executive Finance Committee of the Company, in their Meeting held on 24 January 2021, fix Thursday the 04-02-2021 as the Record Date for the purpose of proposed Bonus Issue.
18 December 2020
Update:
KNR Constructions share rallied over 9% in the later half of the day on December 18 as the company issue bonus shares.
The Company has announced a Bonus share in the ratio of 1:1.
The Company said – 1 (one) bonus equity share of INR 2 per each fully paid-up for every 1 (one) existing equity’ share of Rs 2/- each fully paid-up held as on “record date” to be fixed for the purpose.
The stock made a high of INR 347 on the NSE before it close at INR 326.50 with volume of more than 3520506 shares on the exchange.
Finblab is bullish on the stock.
14 November, 2019
Update:
Q2 FY 2019-20 Numbers
KNR Constructions Limited, a multi domain infrastructure development organization in India has posted its Q2 FY 2019-20 results today. Read standalone quarterly numbers –
Revenue from Operations at INR 546.19 Crore in September 2019 up 31.21 percent Y-O-Y basis from INR 416.28 Crore in September 2018. Q-O-Q revenues grew by 17.56 percent (INR 464.60 Crore for June 2019)
Quarterly Net Profit at INR 70.09 Crore in September 2019 up 46.91% quarter-on-quarter basis from INR 47.71 Crore in June 2019. Y-O-Y profit up by 55.76% (INR 45 Crore for September 2018)
Read: APEX FROZEN FOODS Q2 FY 2019-20 Numbers
The Company EPS has increased to Rs. 4.98 in September 2019 from Rs. 3.39 in June 2019.
KNR Constructions is currently trading at INR 246.20 on November 14, 2019 (NSE) and is trading above its 200 EMA (241) and above its 50 EMA (235)
The government, earlier this year (to achieve the $5 trillion economy target) constituted a high-level task force earmarking INR 100 lakh crore for infrastructure projects by 2024-25.
Majority of these will be in Road projects that will connect first to industrial corridors and B group cities. Experts feel that L&T, KNR Construction etc. can benefit from these road projects.
04 September, 2017
Company Background –
History –
The Company was incorporated on July 11, 1995, in the name of KNR Constructions Limited under the Companies Act, 1956 with the Registrar of Companies, Andhra Pradesh and received a certificate of commencement of business on August 9, 1995.
Business & Partnership –
- The company has engaged in the business of infrastructure project development providing engineering, procurement and construction (EPC) services across various fast growing sectors namely (1) roads & highways, (2) irrigation and (3) urban water infrastructure management.
- The company project execution strength primarily is in road transportation engineering projects namely construction and maintenance of roads, highways, flyovers, and bridges wherever integral to the projects undertaken.
- In the past, the company has executed infrastructure projects independently as well as through joint ventures. Currently, most of the road projects were executed with joint venture partner, Patel Engineering Limited.
- The Company has the ability to bid, execute and implement medium and large size projects across various infrastructure segments.
- Till 2016, the company has having 4 portfolios of BOT projects, 2 irrigation projects, 5888 KM road projects executed, 25 Bridges and viaducts built/under construction across various states in India covering Assam, Andhra Pradesh, Arunachal Pradesh, Bihar, Chhattisgarh, Karnataka, Madhya Pradesh, Odisha, Tamil Nadu and Uttar Pradesh.
- In 2011, the Company has been awarded by NHAI an order towards Two Laning of Muzaffarpur-Barauni section of NH-28 from KM 519.600 to KM 627.000 in the State of Bihar Under NHDP Phase IVB through Public Private Partnership (PPP) ON Design.
- In 2016, the company wins an award from NHAI.
Listed On –
The company’s shares are listed for trading on National Stock Exchange (NSE) & Bombay Stock Exchange (BSE) in India.
Stock Information –
Share Holding Pattern –
KNR Constructions – Financials
Conclusion –
Considering the techno-funda analysis and sector outlook; KNR Constructions Limited looks good at Rs 207. FinBlab recommends investing in a stock keeping a long-term view in mind. (One can accumulate on decline also).
Here is a list of the previous value pick. Click Geecee Ventures, Sanghvi Movers, Swelect Energy, Glenmark Pharma, Larsen & Toubro Limited to see the analysis.
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