Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹139, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 20x in the Construction industry in India. Total loss to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹108 per share. Buy Or Sell Opportunity • Jun 07
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 8.1% to ₹130. The fair value is estimated to be ₹108, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.2% over the last 3 years. Earnings per share has grown by 6.1%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are forecast to decline by 22% per annum over the same time period. Price Target Changed • Jun 04
Price target decreased by 7.7% to ₹149 Down from ₹161, the current price target is an average from 16 analysts. New target price is 15% above last closing price of ₹130. Stock is down 38% over the past year. The company is forecast to post earnings per share of ₹5.10 for next year compared to ₹15.54 last year. Reported Earnings • May 31
Full year 2026 earnings released: EPS: ₹15.54 (vs ₹35.62 in FY 2025) Full year 2026 results: EPS: ₹15.54 (down from ₹35.62 in FY 2025). Revenue: ₹27.6b (down 43% from FY 2025). Net income: ₹4.37b (down 56% from FY 2025). Profit margin: 16% (down from 21% in FY 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • May 21
KNR Constructions Limited to Report Q4, 2026 Results on May 29, 2026 KNR Constructions Limited announced that they will report Q4, 2026 results on May 29, 2026 Price Target Changed • Feb 10
Price target decreased by 9.0% to ₹178 Down from ₹195, the current price target is an average from 17 analysts. New target price is 21% above last closing price of ₹147. Stock is down 46% over the past year. The company is forecast to post earnings per share of ₹4.57 for next year compared to ₹35.62 last year. Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: ₹3.66 (vs ₹8.84 in 3Q 2025) Third quarter 2026 results: EPS: ₹3.66 (down from ₹8.84 in 3Q 2025). Revenue: ₹7.43b (down 12% from 3Q 2025). Net income: ₹1.03b (down 59% from 3Q 2025). Profit margin: 14% (down from 29% in 3Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. New Risk • Feb 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 15% Last year net profit margin: 23% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 19% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (15% net profit margin). Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹157, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Construction industry in India. Total loss to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹160 per share. Announcement • Jan 23
KNR Constructions Limited to Report Q3, 2026 Results on Feb 05, 2026 KNR Constructions Limited announced that they will report Q3, 2026 results on Feb 05, 2026 Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹171, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Construction industry in India. Total loss to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹153 per share. Price Target Changed • Nov 20
Price target decreased by 7.0% to ₹200 Down from ₹216, the current price target is an average from 16 analysts. New target price is 20% above last closing price of ₹167. Stock is down 45% over the past year. The company is forecast to post earnings per share of ₹6.60 for next year compared to ₹35.62 last year. Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: ₹3.72 (vs ₹15.70 in 2Q 2025) Second quarter 2026 results: EPS: ₹3.72 (down from ₹15.70 in 2Q 2025). Revenue: ₹6.54b (down 66% from 2Q 2025). Net income: ₹1.05b (down 76% from 2Q 2025). Profit margin: 16% (down from 23% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Nov 04
KNR Constructions Limited to Report Q2, 2026 Results on Nov 12, 2025 KNR Constructions Limited announced that they will report Q2, 2026 results on Nov 12, 2025 Announcement • Sep 27
KNR Constructions Limited Declares Final Dividend for the Financial Year 2024- 2025 KNR Constructions Limited announced that at the AGM held on September 25, 2025, declared final Dividend of INR 0.25 Per Equity share of INR 2.00 each for the financial year 2024- 2025. Upcoming Dividend • Sep 08
Upcoming dividend of ₹0.25 per share Eligible shareholders must have bought the stock before 15 September 2025. Payment date: 25 October 2025. Payout ratio is a comfortable 0.7% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.8%). Price Target Changed • Aug 15
Price target decreased by 7.8% to ₹219 Down from ₹237, the current price target is an average from 17 analysts. New target price is 10% above last closing price of ₹199. Stock is down 42% over the past year. The company is forecast to post earnings per share of ₹7.94 for next year compared to ₹35.62 last year. Declared Dividend • Aug 13
Dividend of ₹0.25 announced Dividend of ₹0.25 is the same as last year. Ex-date: 15th September 2025 Payment date: 25th October 2025 Dividend yield will be 0.1%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is covered by earnings (0.7019% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 80% over the next 3 years. However, it would need to fall by 99% to increase the payout ratio to a potentially unsustainable range. Announcement • Aug 12
KNR Constructions Limited, Annual General Meeting, Sep 25, 2025 KNR Constructions Limited, Annual General Meeting, Sep 25, 2025, at 11:00 Indian Standard Time. Reported Earnings • Aug 12
First quarter 2026 earnings released: EPS: ₹4.39 (vs ₹6.14 in 1Q 2025) First quarter 2026 results: EPS: ₹4.39 (down from ₹6.14 in 1Q 2025). Revenue: ₹6.13b (down 38% from 1Q 2025). Net income: ₹1.23b (down 28% from 1Q 2025). Profit margin: 20% (up from 18% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Construction industry in India are expected to grow by 13%. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Aug 02
KNR Constructions Limited to Report Q1, 2026 Results on Aug 11, 2025 KNR Constructions Limited announced that they will report Q1, 2026 results on Aug 11, 2025 New Risk • Jul 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 42% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 42% per year for the foreseeable future. High level of non-cash earnings (31% accrual ratio). Price Target Changed • Jun 02
Price target decreased by 7.4% to ₹264 Down from ₹285, the current price target is an average from 18 analysts. New target price is 27% above last closing price of ₹208. Stock is down 36% over the past year. The company is forecast to post earnings per share of ₹10.74 for next year compared to ₹35.62 last year. Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹35.62 (vs ₹27.64 in FY 2024) Full year 2025 results: EPS: ₹35.62 (up from ₹27.64 in FY 2024). Revenue: ₹50.7b (up 14% from FY 2024). Net income: ₹10.0b (up 29% from FY 2024). Profit margin: 20% (up from 18% in FY 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 7.5% p.a. on average during the next 2 years, while revenues in the Construction industry in India are expected to grow by 12%. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • May 29
KNR Constructions Limited Recommends Final Dividend for the Financial Year Ended 31 March 2025 KNR Constructions Limited at the board meeting held on 29 May 2025, recommendation of final dividend of INR 0.25/- per equity share of INR 2/- each for the financial year ended 31 March 2025, subject to the approval by the shareholders at the ensuing Annual General Meeting. Record date for the purpose of final dividend will be intimated in due course of time. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹243, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the Construction industry in India. Total loss to shareholders of 14% over the past three years. Price Target Changed • Mar 04
Price target decreased by 8.3% to ₹305 Down from ₹332, the current price target is an average from 17 analysts. New target price is 39% above last closing price of ₹220. Stock is down 22% over the past year. The company is forecast to post earnings per share of ₹21.88 for next year compared to ₹27.64 last year. Price Target Changed • Feb 18
Price target decreased by 7.5% to ₹310 Down from ₹335, the current price target is an average from 17 analysts. New target price is 32% above last closing price of ₹235. Stock is down 13% over the past year. The company is forecast to post earnings per share of ₹20.57 for next year compared to ₹27.64 last year. Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: ₹8.84 (vs ₹4.96 in 3Q 2024) Third quarter 2025 results: EPS: ₹8.84 (up from ₹4.96 in 3Q 2024). Revenue: ₹9.70b (down 2.6% from 3Q 2024). Net income: ₹2.49b (up 78% from 3Q 2024). Profit margin: 26% (up from 14% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹15.70 (vs ₹5.24 in 2Q 2024) Second quarter 2025 results: EPS: ₹15.70 (up from ₹5.24 in 2Q 2024). Revenue: ₹19.4b (up 87% from 2Q 2024). Net income: ₹4.41b (up 200% from 2Q 2024). Profit margin: 23% (up from 14% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.0% p.a. on average during the next 3 years, while revenues in the Construction industry in India are expected to grow by 13%. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Sep 26
KNR Constructions Limited Announces Board and Committee Changes, Effective 1 October 2024 KNR Constructions Limited announced that the board at its meeting held on 26 September 2024, has designated Shri W R Reddy, Non-Executive Independent Director as Chairman of the Board and Company with effect from 1 October 2024 and has re-constituted the below committees of the Board with effect from 1 October 2024: Audit Committee: Existing Composition of the Committees: Shri L B Reddy (Chairman), Shri B V Rama Rao (Member), Shri K Jalandhar Reddy (Member). Composition after re- constitution: Shri K Udaya Bhaskara Reddy (Chairman), Shri W R Reddy (Member), Shri K Jalandhar Reddy (Member). Nomination and Remuneration Committee: Existing Composition of the Committees: Shri L B Reddy (Chairman), Shri B V Rama Rao (Member), Smt. G Chandra Rekha (Member). Composition after re- constitution: Shri K Udaya Bhaskara Reddy (Chairman), Shri W R Reddy (Member), Smt. G Chandra Rekha (Member). Corporate Social Responsibility: Existing Composition of the Committees: Shri L B Reddy (Chairman), Shri B V Rama Rao (Member), Shri K Jalandhar Reddy (Member). Composition after re- constitution: Shri W R Reddy (Chairman), Shri K Udaya Bhaskara Reddy (Member), Shri K Jalandhar Reddy (Member). Risk Management Committee: Existing Composition of the Committees: Shri K Jalandhar Reddy (Chairman), Shri L B Reddy (Member), Shri B V Ramarao (Member), Smt. G Chandra Rekha (Member), Shri V Narasimha Ramana (Member), Shri S Vaikuntanathan (Member). Composition after re- constitution: Shri K Jalandhar Reddy (Chairman), Dr. W R Reddy (Member), Shri K Udaya Bhaskar Reddy (Member), Smt. G Chandra Rekha (Member), Shri T Bhaskar Rao (Member), Shri K Venkata Ram Rao (Member). Upcoming Dividend • Sep 11
Upcoming dividend of ₹0.25 per share Eligible shareholders must have bought the stock before 18 September 2024. Payment date: 26 October 2024. Payout ratio is a comfortable 0.9% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.0%). Lower than average of industry peers (0.6%). Price Target Changed • Aug 29
Price target increased by 7.2% to ₹325 Up from ₹303, the current price target is an average from 17 analysts. New target price is approximately in line with last closing price of ₹334. Stock is up 21% over the past year. The company is forecast to post earnings per share of ₹14.79 for next year compared to ₹27.64 last year. Announcement • Aug 16
KNR Constructions Limited, Annual General Meeting, Sep 26, 2024 KNR Constructions Limited, Annual General Meeting, Sep 26, 2024, at 11:00 Indian Standard Time. Reported Earnings • Aug 16
First quarter 2025 earnings released: EPS: ₹6.14 (vs ₹4.88 in 1Q 2024) First quarter 2025 results: EPS: ₹6.14 (up from ₹4.88 in 1Q 2024). Revenue: ₹10.1b (up 2.5% from 1Q 2024). Net income: ₹1.73b (up 26% from 1Q 2024). Profit margin: 17% (up from 14% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 16
Dividend of ₹0.25 announced Dividend of ₹0.25 is the same as last year. Ex-date: 18th September 2024 Payment date: 26th October 2024 Dividend yield will be 0.07%, which is lower than the industry average of 0.6%. Announcement • Aug 08
KNR Constructions Limited to Report Q1, 2025 Results on Aug 14, 2024 KNR Constructions Limited announced that they will report Q1, 2025 results on Aug 14, 2024 New Risk • Jul 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 22% per year for the foreseeable future. High level of non-cash earnings (31% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Significant insider selling over the past 3 months (₹2.1b sold). Recent Insider Transactions • Jun 21
Founder recently sold ₹1.9b worth of stock On the 19th of June, Kamidi Reddy sold around 6m shares on-market at roughly ₹352 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Kamidi's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹339, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 21x in the Construction industry in India. Total returns to shareholders of 53% over the past three years. Announcement • May 30
KNR Constructions Limited Recommends Final Dividend for the Financial Year Ended 31st March 2024 KNR Constructions Limited announced that the Board of Directors at their meeting held 29th May 2024 has considered, approved declaration of final dividend of INR 0.25 per equity share of INR 2 each for the financial year ended 31st March 2024, subject to the approval by the shareholders at the upcoming Annual General Meeting. Record date for the purpose of final dividend will be intimated in due course of time. Reported Earnings • May 30
Full year 2024 earnings released: EPS: ₹27.64 (vs ₹16.29 in FY 2023) Full year 2024 results: EPS: ₹27.64 (up from ₹16.29 in FY 2023). Revenue: ₹45.7b (up 13% from FY 2023). Net income: ₹7.77b (up 70% from FY 2023). Profit margin: 17% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 12% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • May 22
KNR Constructions Limited to Report Q4, 2024 Results on May 29, 2024 KNR Constructions Limited announced that they will report Q4, 2024 results on May 29, 2024 Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: ₹4.96 (vs ₹3.76 in 3Q 2023) Third quarter 2024 results: EPS: ₹4.96 (up from ₹3.76 in 3Q 2023). Revenue: ₹10.0b (up 15% from 3Q 2023). Net income: ₹1.40b (up 32% from 3Q 2023). Profit margin: 14% (up from 12% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year. Announcement • Feb 01
KNR Constructions Limited to Report Q3, 2024 Results on Feb 08, 2024 KNR Constructions Limited announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 16
Second quarter 2024 earnings released: EPS: ₹5.24 (vs ₹4.10 in 2Q 2023) Second quarter 2024 results: EPS: ₹5.24 (up from ₹4.10 in 2Q 2023). Revenue: ₹10.4b (up 8.0% from 2Q 2023). Net income: ₹1.47b (up 28% from 2Q 2023). Profit margin: 14% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 04
KNR Constructions Limited to Report Q2, 2024 Results on Nov 14, 2023 KNR Constructions Limited announced that they will report Q2, 2024 results on Nov 14, 2023 New Risk • Sep 26
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Upcoming Dividend • Sep 15
Upcoming dividend of ₹0.25 per share at 0.1% yield Eligible shareholders must have bought the stock before 22 September 2023. Payment date: 28 October 2023. Payout ratio is a comfortable 1.5% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.8%). New Risk • Aug 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Aug 15
KNR Constructions Limited, Annual General Meeting, Sep 28, 2023 KNR Constructions Limited, Annual General Meeting, Sep 28, 2023, at 15:30 Indian Standard Time. Reported Earnings • Aug 15
First quarter 2024 earnings released: EPS: ₹4.88 (vs ₹3.19 in 1Q 2023) First quarter 2024 results: EPS: ₹4.88 (up from ₹3.19 in 1Q 2023). Revenue: ₹9.89b (flat on 1Q 2023). Net income: ₹1.37b (up 53% from 1Q 2023). Profit margin: 14% (up from 9.1% in 1Q 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 15
KNR Constructions Limited Proposes Final Dividend for the Financial Year 2022-23 KNR Constructions Limited announced that at its board meeting held on August 14, 2023, fixed September 22, 2023 as the record date for the purpose of determining the entitlement of shareholders for the final dividend of INR 0.25 per share (on face value of INR 2) each for the financial year 2022-23. The final dividend, which is subject to Tax Deduction at Source, if approved by the shareholders at the upcoming Annual General Meeting, shall be paid within 30 days from the date of approval by the shareholders. Announcement • Aug 05
KNR Constructions Limited to Report Q1, 2024 Results on Aug 14, 2023 KNR Constructions Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Announcement • May 31
KNR Constructions Limited Proposes Final Dividend for the Financial Year Ended 31st March 2023 KNR Constructions Limited proposes final dividend of INR 0.25/- per equity share of INR 2/- each for the financial year ended 31st March 2023, subject to the approval by the shareholders at the upcoming Annual General Meeting. Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹16.29 (vs ₹13.58 in FY 2022) Full year 2023 results: EPS: ₹16.29 (up from ₹13.58 in FY 2022). Revenue: ₹41.0b (up 14% from FY 2022). Net income: ₹4.58b (up 20% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 19
KNR Constructions Limited to Report Q4, 2023 Results on May 29, 2023 KNR Constructions Limited announced that they will report Q4, 2023 results on May 29, 2023 Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹3.76 (vs ₹1.77 in 3Q 2022) Third quarter 2023 results: EPS: ₹3.76 (up from ₹1.77 in 3Q 2022). Revenue: ₹8.75b (up 2.4% from 3Q 2022). Net income: ₹1.06b (up 112% from 3Q 2022). Profit margin: 12% (up from 5.8% in 3Q 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 18
Second quarter 2023 earnings released: EPS: ₹4.10 (vs ₹2.86 in 2Q 2022) Second quarter 2023 results: EPS: ₹4.10 (up from ₹2.86 in 2Q 2022). Revenue: ₹9.62b (up 14% from 2Q 2022). Net income: ₹1.15b (up 43% from 2Q 2022). Profit margin: 12% (up from 9.6% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Additional Independent Director Gottipulla Rekha was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 14
Upcoming dividend of ₹0.25 per share Eligible shareholders must have bought the stock before 21 September 2022. Payment date: 29 October 2022. Payout ratio is a comfortable 2.0% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (1.1%). Announcement • Sep 07
KNR Constructions Limited to Report Q3, 2023 Results on Feb 14, 2023 KNR Constructions Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: ₹3.19 (vs ₹4.00 in 1Q 2022) First quarter 2023 results: EPS: ₹3.19 (down from ₹4.00 in 1Q 2022). Revenue: ₹9.91b (up 23% from 1Q 2022). Net income: ₹896.1m (down 20% from 1Q 2022). Profit margin: 9.0% (down from 14% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jun 25
Founder recently bought ₹49m worth of stock On the 22nd of June, Kamidi Reddy bought around 220k shares on-market at roughly ₹224 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Kamidi has been a net seller over the last 12 months, reducing personal holdings by ₹772m. Reported Earnings • Jun 02
Full year 2022 earnings released Full year 2022 results: Revenue: (down 100% from FY 2021). Net income: (down ₹4.07b from profit in FY 2021). Profit margin: (down from 14% in FY 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 22% per year. Board Change • Jun 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Additional Independent Director Gottipulla Rekha was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 15
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹1.77 (down from ₹3.47 in 3Q 2021). Revenue: ₹8.63b (up 18% from 3Q 2021). Net income: ₹498.1m (down 49% from 3Q 2021). Profit margin: 5.8% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Dec 25
Price target increased to ₹325 Up from ₹301, the current price target is provided by 1 analyst. New target price is 14% above last closing price of ₹286. Stock is up 75% over the past year. The company posted earnings per share of ₹14.49 last year. Recent Insider Transactions • Dec 24
Founder recently bought ₹2.8m worth of stock On the 20th of December, Kamidi Reddy bought around 10k shares on-market at roughly ₹276 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Kamidi has been a net seller over the last 12 months, reducing personal holdings by ₹818m. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS ₹2.86 (vs ₹5.63 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹8.42b (up 28% from 2Q 2021). Net income: ₹804.5m (down 49% from 2Q 2021). Profit margin: 9.6% (down from 24% in 2Q 2021). The decrease in margin was driven by higher expenses. Upcoming Dividend • Sep 14
Upcoming dividend of ₹0.25 per share Eligible shareholders must have bought the stock before 21 September 2021. Payment date: 29 October 2021. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (1.1%). Recent Insider Transactions • Sep 04
Founder recently sold ₹821m worth of stock On the 2nd of September, Kamidi Reddy sold around 2m shares on-market at roughly ₹330 per share. This was the largest sale by an insider in the last 3 months. This was Kamidi's only on-market trade for the last 12 months. Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS ₹4.00 (vs ₹1.66 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹8.12b (up 55% from 1Q 2021). Net income: ₹1.12b (up 141% from 1Q 2021). Profit margin: 14% (up from 8.9% in 1Q 2021). The increase in margin was driven by higher revenue. Recent Insider Transactions • Aug 18
Non-Executive Director recently sold ₹574m worth of stock On the 16th of August, Kamidi Yashoda sold around 2m shares on-market at roughly ₹287 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹1.8b more than they bought in the last 12 months.