KNR Constructions Ltd

KNR Constructions Ltd

₹ 266 0.82%
23 Feb - close price
About

KNR Constructions Ltd, incorporated in 1995, is engaged primarily in the construction of roads, bridges, flyovers and irrigation projects. [1]

Key Points

Services
The services of the Co include construction of roads, highways, bridges and flyovers on EPC, BOT and Hybrid Annuity Model (HAM) basis. It also undertakes Irrigation projects, urban water infrastructure management and agriculture projects. [1]

  • Market Cap 7,470 Cr.
  • Current Price 266
  • High / Low 306 / 226
  • Stock P/E 13.5
  • Book Value 109
  • Dividend Yield 0.09 %
  • ROCE 20.8 %
  • ROE 15.5 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company's median sales growth is 17.0% of last 10 years

Cons

  • Dividend payout has been low at 1.70% of profits over last 3 years
  • Promoter holding has decreased over last 3 years: -3.94%
  • Working capital days have increased from 42.6 days to 90.8 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Construction Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
735 991 807 842 855 1,102 980 962 875 1,245 981 1,038 996
558 769 604 664 715 823 769 698 678 999 765 807 770
Operating Profit 177 222 203 178 140 279 211 263 197 246 216 232 226
OPM % 24% 22% 25% 21% 16% 25% 22% 27% 22% 20% 22% 22% 23%
27 10 5 11 30 20 10 10 68 10 8 5 7
Interest 39 27 30 35 39 43 55 45 33 21 20 21 28
Depreciation 45 46 34 39 43 48 41 45 46 48 36 39 41
Profit before tax 120 159 143 114 87 208 126 184 185 187 167 177 164
Tax % 24% 45% 28% 38% 52% 33% 27% 46% 42% 24% 23% 20% 17%
92 95 108 73 44 141 91 99 108 142 133 143 136
EPS in Rs 3.47 3.72 4.00 2.86 1.77 4.95 3.19 4.10 3.76 5.24 4.88 5.24 4.96
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
892 765 895 904 1,192 1,642 2,070 2,292 2,452 2,904 3,606 4,062 4,261
760 648 763 778 1,019 1,378 1,620 1,754 1,829 2,205 2,804 3,145 3,342
Operating Profit 132 117 132 127 172 264 449 538 623 699 802 918 919
OPM % 15% 15% 15% 14% 14% 16% 22% 23% 25% 24% 22% 23% 22%
11 19 18 14 46 30 55 75 66 144 78 98 30
Interest 12 12 18 14 57 73 82 90 111 133 151 153 89
Depreciation 56 56 59 55 71 116 194 230 254 190 165 181 165
Profit before tax 76 67 72 71 90 106 228 292 324 520 563 681 695
Tax % 35% 23% 9% -0% -24% 7% -0% 9% 21% 26% 35% 36%
47 49 60 70 112 99 229 265 256 383 366 439 553
EPS in Rs 1.67 1.75 2.15 2.48 3.99 4.09 8.66 9.62 9.44 14.49 13.58 16.29 20.32
Dividend Payout % 6% 6% 5% 4% 5% 6% 2% 2% 3% 2% 2% 2%
Compounded Sales Growth
10 Years: 18%
5 Years: 14%
3 Years: 18%
TTM: 9%
Compounded Profit Growth
10 Years: 23%
5 Years: 12%
3 Years: 15%
TTM: 38%
Stock Price CAGR
10 Years: 41%
5 Years: 22%
3 Years: 9%
1 Year: 7%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 17%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 28 28 28 28 28 28 28 28 28 56 56 56 56
Reserves 390 436 583 760 670 777 1,011 1,274 1,524 1,903 2,263 2,714 3,001
59 148 426 734 735 721 770 758 875 764 1,464 652 773
392 514 417 490 552 716 798 669 1,077 1,283 1,488 919 813
Total Liabilities 868 1,125 1,454 2,012 1,986 2,242 2,608 2,729 3,503 4,007 5,270 4,342 4,644
321 296 272 235 738 1,228 1,341 1,321 1,275 776 890 890 877
CWIP 1 110 585 1,108 429 91 1 0 10 2 21 3 4
Investments 33 49 26 24 106 74 53 52 66 62 73 72 78
512 671 571 645 713 849 1,213 1,357 2,153 3,167 4,287 3,377 3,684
Total Assets 868 1,125 1,454 2,012 1,986 2,242 2,608 2,729 3,503 4,007 5,270 4,342 4,644

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
89 3 239 78 246 366 221 256 231 -76 -336 1,194
-22 -100 -485 -549 -244 -250 -163 -184 -202 260 -408 67
-71 109 276 450 1 -124 -38 -108 2 -98 765 -1,217
Net Cash Flow -4 13 31 -21 3 -8 20 -35 31 87 20 44

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 36 55 31 44 41 40 47 15 26 42 61 56
Inventory Days 77 84 67 60 72 81 53 57 60 58 70 57
Days Payable 129 199 99 82 130 165 176 131 127 99 95 95
Cash Conversion Cycle -16 -59 -1 23 -16 -44 -75 -58 -42 1 36 18
Working Capital Days 45 85 23 53 25 2 33 33 -6 -9 46 91
ROCE % 18% 14% 10% 6% 9% 12% 18% 19% 19% 22% 20% 21%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
55.03% 53.25% 51.48% 51.48% 51.48% 51.63% 51.09% 51.09% 51.09% 51.09% 51.09% 51.09%
2.07% 2.29% 4.29% 4.55% 5.40% 5.73% 5.73% 5.83% 5.93% 5.98% 6.61% 7.57%
32.35% 34.35% 33.86% 34.05% 33.48% 33.28% 34.59% 34.85% 34.37% 33.66% 32.27% 29.32%
10.55% 10.11% 10.38% 9.93% 9.64% 9.36% 8.58% 8.23% 8.60% 9.28% 10.03% 12.01%
No. of Shareholders 82,15391,6881,03,87596,3591,04,5161,03,81193,74388,93690,01796,0071,04,0711,15,770

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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