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KNR Constructions Share Price

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NSEBSE

263.05-2.35 (-0.89%)

12:00 AM,12th Apr 2024

263.00-2.55 (-0.96%)

12:00 AM,12th Apr 2024

BSE : 532942

NSE : KNRCON

Sector : Infrastructure

ISIN Code : INE634I01029

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Last Updated: Apr 12 2024 | 12:00 AM IST

Market Cap (₹ Cr)

7398

Turnover (₹ Cr)

1.11

Volume (Shares)

423844

Face Value

2

52-WK High

305.50

52-WK High Date

22 Nov 2023

52-WK Low

226.30

52-WK Low Date

09 Jun 2023

All Time High

343.90

All Time High Date

01 Sep 2021

All Time Low

2.00

All Time Low Date

28 Nov 2008

KNR Constructions Ltd

KNR Constructions Limited was incorporated on July 11 1995 and received its certificate of commencement of business on August 9 1995. The Company is a leading player in the country's infrastructure sector where it mainly focuses on providing infrastructure services for Highways Flyovers &Bridges and Irrigation sectors. KNRCL `s name is reckoned as reputed developer of Highways in HAMs BOT Annuity Models. KNRCL developer of 2 BoT 2 Annuity projects and 11 HAM projects of Highways in Telangana Andhra Pradesh Karnataka Tamilnadu Kerala and Bihar states.The Company has a portfolio of 12 projects of which 6 HAM projects worth Rs 65312 million (BPC) two BOT toll projects and two annuity projects (with 40% stake). The 2 BOT toll and 2 annuity projects are already operational financial closure for 4 HAM Projects have been achieved and project work was started in 3 HAM projects with appointed declared by NHAI. In 1997 the Company has acquired at their book values the assets and liabilities of partnership business of M/s K Narasimha Reddi & Co. ('the firm') for a total consideration of Rs.3.19 Crores w.e.f. April 1 1997. At the time of acquisition the firm was engaged in the business of undertaking civil and mechanical contracts work. The firm was constituted in the year 1979 and was re-constituted on several occasions. Over a period of time the company has gained expertise in construction of roads on EPC basis and further diversified into other infrastructure segments like irrigation water supply and urban water infrastructure management. 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. As on June 30 2007 the company has 24 projects on hand across various states in India covering Uttar Pradesh Madhya Pradesh Assam Andhra Pradesh Karnataka and Tamil Nadu. The Company has the ability to bid execute and implement medium and large size projects across various infrastructure segments. The estimated unexecuted order book position as at June 30 2007 was Rs 1272.98 crores which is approximately 4 times the operational income of fiscal 2007 on consolidated basis.In FY 2010 Company so far completed over 1900 km of road projects and has an order-book of Rs. 1800 crore of which 95% comes from highways. It was awarded a Rs. 231 crore order from the National Highway Authority of India (NHAI) in the state of Orissa for completion of work on NH-5.In FY 2011 Company commissioned the Rs. 592 crore annuity project on the Hyderabad-Nagpur highway which is a 48-km stretch between Islam Nagar and Kadthal NH-7. This was undertaken in partnership with Patel Engineering. It also completed the road which runs from Devanahalli in Karnataka to the Andhra Pradesh border. It bagged a Rs. 825 crore road project in Karnataka to be executed within 910 days. Company through its 50:25:25 joint venture with JKM Infra Projects Pvt. Ltd. and Kamala Constructions has been awarded an order worth Rs. 225.27 crore by Government of Bihar Water Resources Department for extension renovation and modernisation of the Eastern Kosi Canal System in the State of Bihar.In the month of June 2011 Company received a contract worth 145.89 crore for the Pichhore - Chanderi - Mungawali - Onder - Kurwai Road Project in Bhopal. The project was given under the Madhya Pradesh State Road Project-III. It completed the Bijapur-Hungund toll road of National Highways Authority of India (NHAI) nearly 11 months ahead of schedule. The four laning of 97.22 kilometres of road project valued at 905.5 crore was completed in 582 days as against the scheduled duration of 910 days. It signed a Public Private Partnership in October 2011 for the two laning of Muzaffarpur- Barauni Section of NH-28 in Bihar assigned under the Design Build Finance Operate and Transfer (DBFOT) Toll basis under the National Highway Development Project Phase IV. During December 2011 orders aggregating an amount over 390 crore were received by the Company from the Government of Karnataka. It also bagged an order worth Rs. 620 crore from GMR Projects Private Ltd. in Rajasthan and Gujarat. It received contracts from GVK worth 675 crore for the Designing Engineering Procurement and Construction of 4 laning of road that stretches of Shivpuri-Dewas Section of NH-3 in Madhya Pradesh.The Company bagged an EPC order worth of Rs. 790.50 Crores from KNR Walayar Tollways Private Limited in FY 2014-15. It also bagged a Rs. 180 Crores worth road project from the Government of Arunachal Pradesh towards building the two lane stretch from Gobuk to Sihjon Nallah via Mariyang a net length 49.275 Km.In FY 2015-16 the project of four laning of Walayar-Vadakkancherry section in Kerala was completed before time in 880 days instead of 910 days i.e. one month ahead of scheduled date of completion. The Final Completion Certificate for 100% of Project length was received on 31st October 2015. The Project received the prestigious award of Best Project Completed before Schedule Time in India from the NHAI. Toll collection commenced on this route from May 18 2015. Out of the 4171 km in Roads and Highway sector 3070 km were EPC projects 803 km BOT projects and 351 km Hybrid Annuity projects. As on 31st March 2016 the order book stood at about Rs. 34635 million comprising of Rs. 34068 million in road sector and Rs. 567 mn in irrigation projects. two laning of Muzaffarpur - Barauni Project commenced in Bihar commenced on June 3 2016 with 75% of the project length and toll operation was from June 9 2016. During the year 2015-16 KNR - TBCPL - JV and SEL - KNR JVs were formed with the Company.During 2018 778 lane kms of BOT Projects were executed in Telangana Karnataka Kerala & Bihar. The Company also received LOA for 4 HAM projects of Rs. 44667 million (BPC) from NHAI and LOA for 1 HAM project of Rs. 11445 million (BPC) from Karnataka State.During FY 2021 the Company completed 2 BOT Toll (NHAI) projects and 2 annuity (NHAI) projects. It bagged two more projects in JV to the tune of Rs. 23300 million. It received LOA for two HAM projects of NHAI in Kerala and one NHAI EPC road project in Karnataka in the last quarter of financial year 2020-21. During the year 2021-22 the Company issued and allotted 140617300 equity shares by way of Bonus Issue in the ratio of 1:1 on February 5 2021 from the date of allotment.During the year 2021-22 the Company has acquired two Limited Liability Partnerships namely Manjeri City Infrasctructures and Developers LLP and Benedire Infrastructures and Developers LLP by subscribing to 100% partnership interest (including that of the contribution of Designated Partners) at an acquisition cost of Rs. 32.90 Crores and Rs. 4.05 Crores respectively.In 2022-23 the Company acquired Development of six lane access-controlled Greenfield Highway from Marripudi (ch. 285+500) to Somvarappadu (ch. 314+600) of [NH-544G] Bengaluru-Vijayawada economic corridor on HAM Mode under Bharatmala Pariyojana Phase-1 in the State of Andhra Pradesh (Package 13) EPC for Rs 58 Crores; Construction of Access Controlled four laning with paved shoulder from Mysore to Kushalnagara Section of NH275 on Hybrid Annuity Mode under NH(O) in the State of Karnataka (Package IV) EPC for Rs.57.50 Crores and Construction of Access Controlled four laning with paved shoulder from Mysore to Kushalnagara Section of NH275 under NH(O) in the State of 6250 Karnataka (Package V) EPC - 62.50 Crores.In 2022-23the Company transferred 49% of its stake held in in two of its 100% wholly owned subsidiaries i.e. KNR Tirumala Infra Private Limited and KNR Shankarampet Projects Private Limited on December 30 2021 to Cube Highways and Infrastructure III Pte Limited on December 30 2021 and as a result they were made subsidiaries of the Company. Further during the year 2022-23 the Company transferred balance 51% of its stake held in KNR Tirumala Infra Private Limited and KNR Shankarampet Projects Private Limited on October 20 2022 and 100% of its stake in KNR Srirangam Infra Private Limited on October 14 2022 respectively. As a result the aforementioned companies ceased to be subsidiaries/wholly owned subsidiary of the Company. In 2022-23 the Company commissioned Konda Pochamma Sagar Reservoir of 50 TMC capacity with about 12 Million in the State ofTelangana; constructed Nine ROBs in a single project between Madurai and Ramanathapuram with a project length of 115 km and constructed Grade Separator in Coimbatore city with a cumulative length of flyover 2.853 km; length of 1st level flyover is 1.752 km and length of 2nd level flyover is 1.101 km as a part of multipronged approach to ease traffic congestion in main city roads.

KNR Constructions Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

7398

EPS - TTM (₹) [S]

15.09

P/E Ratio (X) [S]

2.52

Face Value (₹) 2
Latest Dividend (%)12.50
Latest Dividend Date 22 Sep 2023
Dividend Yield (%) 0.10
Book Value Share (₹) [S]104.46
P/B Ratio (₹) [S]2.52
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
HDFC Mid-Cap Opportunities Fund (G) 580.40 23564950 0.96
HDFC Mid-Cap Opportunities Fund (IDCW) 580.40 23564950 0.96
HDFC Mid-Cap Opportunities Fund - Direct (IDCW) 580.40 23564950 0.96
HDFC Mid-Cap Opportunities Fund - Direct (G) 580.40 23564950 0.96
SBI Small Cap Fund (G) 278.32 11299900 1.09
SBI Small Cap Fund (IDCW) 278.32 11299900 1.09
SBI Small Cap Fund - Direct (G) 278.32 11299900 1.09
SBI Small Cap Fund - Direct (IDCW) 278.32 11299900 1.09
Franklin India Smaller Companies Fund (G) 130.48 5297684 1.13
Franklin India Smaller Companies Fund (IDCW) 130.48 5297684 1.13

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Research Reports

Date BrokerActionPrices(Rs)Report
17-11-2022IDBI Capital Buy 239
18-08-2022Centrum Buy 260

Stock Strength

Today's Low/High

261.55

266.95

Week Low/High

257.70

269.00

Month Low/High

236.75

274.00

Year Low/High

226.30

306.00

All time Low/High

2.10

344.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week1.78%1.86%0.000.03%
1 Month-0.32%-0.44%0.780.82%
3 Month0.48%0.46%2.312.85%
6 Month-5.48%-5.41%11.8013.77%
1 Year8.27%8.12%22.9426.43%
3 Year31.85%31.72%55.0557.36%

Company Info

Company Information

Chairman & Independent Directo : B V Rama Rao

Managing Director : K Narasimha Reddy

Executive Director & CFO : K Jalandhar Reddy

Independent Director : L B Reddy

Non Executive Director : Kamidi Yashoda

Independent Director : Gottipulla Chandra Rekha

Company Sec. & Compli. Officer : Haritha Varanasi

Registered Office: KNR House 3rd & 4th Floor, Plot-114 Phase-I Kavuri Hills,Hyderabad,Telangana-500033 Ph: 91-40-40268759/40268761/62

Email:investors@knrcl.com; secretarial@knrcl.com; info@k

URL:http://www.knrcl.com