KNR Constructions
- P/E
- 7.48
Key Fundamentals
MicrocapConstructionIndustrialsPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- 10.40%
- Debt to Equity
- 0.49
- EPS (TTM)
- ₹14.03
- Book Value
- ₹176.79
- Market Cap
- —
- P/E (TTM)
- 7.48
- P/B
- 0.59
- ROE
- 8.70%
- Dividend Yield
- 0.25%
- EBITDA
- ₹777 Cr
- 52W High
- ₹186.00
- 52W Low
- ₹96.14
- Volume
- 0
Peer Comparison
Industrials › Construction › Civil Construction
| ₹3,944.40 | 30.37 | ₹5,47,193 Cr | 4.80 | 0.96% | 15.90% | 14.60% | ₹3,00,904 Cr | ₹20,895 Cr | |
| ₹191.23 | 44.37 | ₹39,292 Cr | 4.06 | 0.93% | 9.02% | 10.80% | ₹20,825 Cr | ₹897 Cr | |
| ₹1,310.10 | 37.40 | ₹23,549 Cr | 6.36 | 0.24% | 27.80% | 32.80% | ₹10,205 Cr | ₹602 Cr | |
| ₹1,366.10 | 20.52 | ₹22,726 Cr | 3.00 | 0.83% | 13.70% | 18.30% | ₹27,380 Cr | ₹1,129 Cr | |
| ₹77.74 | 28.37 | ₹20,666 Cr | 6.95 | 0.20% | 20.40% | 29.30% | ₹12,756 Cr | ₹766 Cr | |
| ₹16.79 | 21.25 | ₹19,929 Cr | 0.94 | 0.31% | 4.29% | 7.47% | ₹7,686 Cr | ₹954 Cr | |
| ₹300.85 | 21.55 | ₹16,653 Cr | 5.06 | 0.52% | 23.40% | 30.40% | ₹3,878 Cr | ₹784 Cr | |
| ₹104.90 | 7.48 | ₹2,903 Cr | 0.59 | 0.25% | 8.70% | 10.40% | ₹2,673 Cr | ₹395 Cr | |
| Median 8 companies | ₹246.04 | 24.96 | ₹21,696 Cr | 4.43 | 0.42% | 14.80% | 16.45% | ₹11,481 Cr | ₹841 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 100/100
Category scores
- Quality
- 50
- Average
- Returns, margins, earnings quality 22% weight
- Valuation
- 71
- Strong
- Cheap vs sector & own history 24% weight
- Growth
- 4
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 35
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 19
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 18
- Poor
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Stock is trading at 0.63 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
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 10 | 5 | 4 |
| Oscillators | Neutral | 2 | 5 | 2 |
| Moving Averages | Strong Bearish | 8 | 0 | 2 |
Oscillators
Neutral
Overall
Strong Bearish
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 44.31
- Neutral
- MACD (12,26,9)
- −4.32
- Bullish
- SMA (50)
- 115.03
- Bearish
- SMA (200)
- 126.38
- Bearish
As of
Analyst Rating
2 of 13 analysts rate Buy, 5 Hold, 6 Sell.
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +8.51% |
|---|---|
| 5Y | −1.46% |
| 3Y | −12.75% |
| 1Y | −43.24% |
| TTM | −38.99% |
Net profit
| 10Y | +14.58% |
|---|---|
| 5Y | +2.67% |
| 3Y | −0.15% |
| 1Y | −56.39% |
| TTM | −58.81% |
Operating cash flow
| 10Y | Turned negative |
|---|---|
| 5Y | Outflow widened by ₹73 Cr |
| 3Y | Turned negative |
| 1Y | Outflow narrowed by ₹418 Cr |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +11.96 pp |
|---|---|
| 5Y | +2.32 pp |
| 3Y | +3.79 pp |
| 1Y | −7.48 pp |
| TTM | −11.54 pp |
Revenue by year
| Mar 2017 | ₹1,642 Cr |
|---|---|
| Mar 2018 | ₹2,070 Cr |
| Mar 2019 | ₹2,292 Cr |
| Mar 2020 | ₹2,452 Cr |
| Mar 2021 | ₹2,904 Cr |
| Mar 2022 | ₹3,606 Cr |
| Mar 2023 | ₹4,062 Cr |
| Mar 2024 | ₹4,429 Cr |
| Mar 2025 | ₹4,753 Cr |
| Mar 2026 | ₹2,698 Cr |
Net profit by year
| Mar 2017 | ₹99.00 Cr |
|---|---|
| Mar 2018 | ₹229 Cr |
| Mar 2019 | ₹265 Cr |
| Mar 2020 | ₹256 Cr |
| Mar 2021 | ₹383 Cr |
| Mar 2022 | ₹366 Cr |
| Mar 2023 | ₹439 Cr |
| Mar 2024 | ₹752 Cr |
| Mar 2025 | ₹1,002 Cr |
| Mar 2026 | ₹437 Cr |
Analyst Forecasts
Analyst consensus here uses a different definition from reported ebitda (they differ 2.6× on periods where both exist), so the forecast is shown on its own rather than joined to the reported line.
AI Analysis — Bull vs Bear
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.
- 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
- 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
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.
- 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.
- ₹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.
- 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.
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 (₹) | 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 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 212 | 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 (₹) | 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% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view KNR Constructions insights
63 extracted metrics across FY10–FY27.
Documents
- Q1 FY27 concall · Aug 2026Transcript PPT Recording
- Q4 FY26 concall · Jun 2026Transcript PPT Recording
- Q4 FY26 concall · May 2026PPT
- Q3 FY26 concall · Feb 2026Transcript PPT Recording
- Q2 FY26 concall · Nov 2025Transcript PPT Recording
- 3 Aug 2026
- 6 Jan 2026
- 27 Nov 2025
- 1 Sep 2025
- 29 Aug 2025
- General announcements 3 Nov 2026
- General announcements 27 Oct 2026
- General announcements 27 Oct 2026
- General announcements 6 Oct 2026
Frequently Asked Questions about KNR Constructions
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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.
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