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KNR Constructions

KNRCON NSE

Key Fundamentals

MicrocapCivil ConstructionConstruction
Market Cap
₹3,403 Cr
Volatility
Moderate
P/E Ratio
8.96
EBITDA
₹777 Cr
Return on Equity
8.79%
Debt to Equity
0.49
Book Value
₹176.79
EPS
₹27.64
52W High
₹220
52W Low
₹108.65

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

1
  • Stock is trading at 0.71 times its book value

Weaknesses

3
  • The company has delivered a poor sales growth of -1.46% over past five years.
  • Debtor days have increased from 78.5 to 109 days.
  • Working capital days have increased from 181 days to 312 days

Growth Rate

Revenue Growth
-45.49% lower than 3Y
Net Income Growth
-56.39% lower than 3Y
Cash Flow Change
73.69% higher than 3Y
ROE
-60.15% lower than 3Y
ROCE
-56.56% lower than 3Y
EBITDA Margin (Avg.)
-26.61% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 69d ago
AI opinion · based on fundamentals
Risk high

KNR Constructions trades at a market cap of ₹3,678 Cr with a PE of 8.4x and a price-to-book of 0.74x, reflecting significant de-rating after a 41% stock decline over the past year. The company's TTM sales have contracted 43% and profits have fallen 60%, though its longer-term 10-year profit CAGR of 15% indicates a historically profitable franchise facing near-term headwinds.

Bull Case 7
  • Stock trades at 0.74x book value, meaning the market is pricing it below its net asset value — rare for an infrastructure company with a 10-year profit CAGR of 15%
  • PE ratio of 8.4x is significantly below the broader Industrials sector average, offering a valuation cushion if earnings stabilize
  • Historical ROE averaged 19% over the 3-year, 5-year, and 10-year periods, demonstrating consistent long-term capital efficiency
  • 10-year compounded sales growth of 9% and 10-year profit CAGR of 15% show the company has delivered sustained growth over a full business cycle
  • 3-year compounded profit growth of 2% remained positive despite the revenue contraction, suggesting some degree of cost discipline
  • 5-year compounded profit growth of 5% outpaced 5-year sales growth of -1%, indicating margin improvement over that period
  • At a market cap of ₹3,678 Cr and sub-1x book, the balance sheet's embedded value in BOT/HAM assets may not be fully reflected in the stock price
Bear Case 8
  • TTM revenue has contracted 43%, signaling a severe near-term slowdown in order execution or project completions
  • TTM profit has declined 60%, compressing earnings at a pace sharper than the revenue drop, suggesting operating deleverage
  • Last year's ROE collapsed to 9% from a 10-year average of 19%, indicating a material deterioration in return generation
  • Working capital days have nearly doubled from 192 to 345 days, tying up significantly more capital in operations and straining cash flows
  • Debtor days increased from 78.5 to 109 days, reflecting slower collections from clients — a common risk in government contracting
  • 5-year sales CAGR of -1.46% shows the top-line has stagnated over a medium-term horizon, not just a one-year blip
  • Stock has declined 41% over 1 year and delivered a negative 19% CAGR over 3 years, reflecting sustained loss of investor confidence
  • Dividend yield of just 0.19% offers negligible income support while shareholders wait for a potential recovery

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 69d ago
Headwinds 3
  • FY26 net profit crashes 84% Jun 15

    KNR Constructions reported an 84% drop in FY26 net profit to ₹1,160.62 crore. The board recommended a meager final dividend of just ₹0.25 per share.

  • Q4 revenue drops 29%, profit falls Jun 8

    Q4 FY26 consolidated net profit declined 23.72% to ₹106.2 crore while revenue from operations slipped 28.67% to ₹695.59 crore versus ₹975.21 crore YoY.

  • Stock down 22% YTD Jun 8

    Shares trading at ₹125.69 with market cap of ₹3,540.74 crore, down 22.06% YTD from a 52-week high of ₹245 to a 52-week low of ₹108.65.

Positives 3
  • ₹3,361 cr coal mining JV order Jun 8

    KNR-SIML JV (KNR 51% stake) secured a ₹3,361.11 crore coal mining contract from South Eastern Coalfields at Kusmunda OCP, Chhattisgarh for 2,920 days.

  • ₹235 cr Telangana flyover win Jun 9

    KNR won a ₹235.07 crore EPC contract for a 6-lane bi-directional flyover in Hyderabad with 24-month completion timeline, adding to an order backlog of ~₹11,903 crore as of March 2026.

  • Strong order book, 3-year visibility Jun 9

    Total order backlog stands at approximately ₹11,903 crore as of March 31, 2026, providing revenue visibility for 3-3.5 years across roads, mining, irrigation and pipeline segments.

Neutral 1
  • Sells stake in Ramagiri Infra Jun 12

    KNR sold 99.90% of KNR Ramagiri Infra to Indus Infra Trust for ₹227.45 crore, completing the transaction on June 11, 2026.

TL;DR: KNR Constructions is aggressively building its order book with major wins totaling ~₹3,596 crore in June alone, providing 3+ years of revenue visibility. However, the sharp 84% FY26 profit decline and weak Q4 execution (revenue down 29%) signal serious near-term earnings pressure. The stock is down 22% YTD reflecting investor concerns about execution capability. The trend remains deteriorating on financials despite improving order inflows — execution pickup in FY27 will be the key monitorable.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
981
1,038
996
1,414
985
1,945
848
975
613
646
743
696
588
Expenses
765
807
770
1,039
706
1,075
593
754
430
454
576
526
492
Operating Profit
216
232
226
375
279
870
256
221
183
193
167
169
96
OPM %
22%
22%
23%
26%
28%
45%
30%
23%
30%
30%
22%
24%
16%
Other Income
8
5
7
125
21
132
122
-100
25
7
14
19
125
Interest
20
21
28
37
37
89
41
41
48
53
55
56
53
Depreciation
36
39
41
41
30
238
23
23
15
15
15
14
11
PBT
167
177
164
422
232
675
313
58
144
132
110
118
158
Tax %
23%
20%
17%
22%
24%
13%
20%
87%
16%
22%
8%
21%
53%
Net Profit
133
143
136
341
166
580
248
8
123
105
103
106
81
EPS in Rs
4.88
5.24
4.96
12.56
6.14
15.7
8.84
4.95
4.39
3.72
3.66
3.78
2.87
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
904
1,192
1,642
2,070
2,292
2,452
2,904
3,606
4,062
4,429
4,753
2,698
2,673
Expenses
778
1,019
1,378
1,620
1,754
1,829
2,205
2,804
3,145
3,380
3,144
1,986
2,048
Operating Profit
127
172
264
449
538
623
699
802
918
1,049
1,610
712
625
OPM %
14%
14%
16%
22%
23%
25%
24%
22%
23%
24%
34%
26%
23%
Other Income
14
46
30
55
75
66
144
78
98
162
172
82
165
Interest
14
57
73
82
90
111
133
151
153
106
208
213
216
Depreciation
55
71
116
194
230
254
190
165
181
157
314
59
55
PBT
71
90
106
228
292
324
520
563
681
948
1,260
523
519
Tax %
0%
-24%
7%
0%
9%
21%
26%
35%
36%
21%
20%
16%
—
Net Profit
70
112
99
229
265
256
383
366
439
752
1,002
437
394
EPS in Rs
2.48
3.99
4.09
8.66
9.62
9.44
14.49
13.58
16.29
27.64
35.62
15.54
14.03
Div. Payout %
4%
5%
6%
2%
2%
3%
2%
2%
2%
1%
1%
2%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
28
28
28
28
28
28
56
56
56
56
56
56
Reserves
760
670
786
1,020
1,283
1,533
1,912
2,271
2,723
3,498
4,485
4,916
Borrowings
734
735
721
770
758
875
764
1,464
652
1,262
1,849
2,444
Other Liabilities
490
552
707
790
660
1,068
1,275
1,479
911
987
741
705
Total Liabilities
2,012
1,986
2,242
2,608
2,729
3,503
4,007
5,270
4,342
5,804
7,131
8,122
Fixed Assets
235
738
1,228
1,341
1,321
1,275
776
890
890
806
482
429
CWIP
1,108
429
91
1
0
10
2
21
3
2
0
0
Investments
24
106
74
53
52
66
62
73
72
115
116
319
Other Assets
645
713
849
1,213
1,357
2,153
3,167
4,287
3,377
4,880
6,533
7,373
Total Assets
2,012
1,986
2,242
2,608
2,729
3,503
4,007
5,270
4,342
5,804
7,131
8,122
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
78
246
366
221
256
231
-76
-336
1,194
-297
-567
-149
Investing
-549
-244
-250
-163
-184
-202
260
-408
67
-34
-167
-139
Financing
450
1
-124
-38
-108
2
-98
765
-1,217
496
480
371
Net Cash Flow
-21
3
-8
20
-35
31
87
20
44
165
-253
83
Free Cash Flow
-466
-7
172
4
51
25
-170
-690
1,100
-374
-592
-135
CFO/OP
88
150
145
56
59
50
1
-18
151
-5
-21
-5
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
44
41
40
47
15
26
42
61
56
56
71
109
Inventory Days
60
72
81
53
57
60
58
70
57
49
40
63
Days Payable
82
130
165
176
131
127
99
95
95
62
70
135
Cash Conversion Cycle
23
-16
-44
-75
-58
-42
1
36
18
42
40
38
Working Capital Days
17
17
2
33
30
-11
-13
37
77
77
154
312
ROCE %
6%
9%
12%
18%
19%
19%
22%
20%
21%
26%
29%
10%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

Others4.13%Promot.48.81%FIIs5.43%DIIs17.30%Public24.33%As ofJun 2026

Documents

Frequently Asked Questions about KNR Constructions

What does KNR Constructions Ltd do?
KNR Constructions Ltd, incorporated in 1995, is a Hyderabad-based infrastructure project development company providing EPC services in segments such as roads and highways, irrigation and urban water infrastructure management. [1]
Where is KNR Constructions Ltd (KNRCON) listed?
KNR Constructions Ltd trades as KNRCON on the NSE and under code 532942 on the BSE.
Which sector does KNR Constructions Ltd belong to?
KNR Constructions Ltd is classified under the Construction sector, in the Civil Construction industry.
What is the market capitalisation of KNR Constructions Ltd?
KNR Constructions Ltd has a market capitalisation of ₹3,403 Cr, which places it in the Small Cap band.
What is the PE ratio of KNR Constructions Ltd?
KNR Constructions Ltd trades at a PE ratio of 8.96, on earnings per share of ₹27.64, against a book value of ₹176.79 per share.
What is the 52-week high and low of KNR Constructions Ltd?
Over the last 52 weeks KNR Constructions Ltd has traded between ₹108.65 and ₹220.
Does KNR Constructions Ltd pay dividends?
KNR Constructions Ltd has a dividend yield of 0.20%.
What is the Return on Equity (ROE) of KNR Constructions Ltd?
KNR Constructions Ltd reported a return on equity of 8.79%. Its debt-to-equity ratio is 0.49.

Company Information

KNR Constructions Ltd, incorporated in 1995, is a Hyderabad-based infrastructure project development company providing EPC services in segments such as roads and highways, irrigation and urban water infrastructure management. [1]

Website knrcl.com
CEO Mr. Kamidi Narasimha Reddy
Employees 4,622
Listed 2008-02-18
Face Value ₹ 2
Issued Size 28,12,34,600

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