KNRCON (KNR Constructions) Share Price, Stock Quote

Summary of Latest Earnings Report from KNR Constructions

Summary of KNR Constructions's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated: Feb 25

Management Outlook:
KNR Constructions anticipates robust growth driven by India's infrastructure push, with the Union Budget allocating Rs.2.87 trillion to road development. The company expects sector momentum to strengthen, supported by a pipeline of highway projects and a focus on corridor-based development. New irrigation projects (Rs.429 crore) and potential monetization of HAM assets (targeting completion by mid-2025) are key growth drivers. Management aims to secure Rs.6,000"“8,000 crore in new orders by September 2025, targeting highways, irrigation, and mining contracts.

Major Points:

Order Book & Inflow: Current order book stands at Rs.5,517 crore (including pending HAM projects). Targeting Rs.8,000"“10,000 crore in new orders over 3"“4 months, emphasizing partnerships (e.g., Adani for BOT toll EPC).
Margins: Aim to maintain EBITDA margins at ~15"“16% despite revenue challenges; FY26 revenue may dip 10"“15% due to delayed order execution.
Projects: HAM projects (88"“90% completed) require Rs.401 crore equity infusion by FY27. Awaiting appointed dates for Rs.1,200 crore HAM projects.
Arbitration & Receivables: Received Rs.139 crore arbitration income (Rs.35.6 crore revenue, Rs.103.5 crore interest). Rs.1,200 crore stuck in Telangana irrigation receivables (actively resolving).
Debt & Liquidity: Net debt-to-equity at 0.33; plans to monetize four HAM assets (starting June 2025) to boost liquidity.
Challenges: Aggressive bidding in NHAI tenders impacting sector quality; shifting focus to state projects and larger contracts to mitigate risks.

Summary: Cautious optimism with growth tied to government spending, order execution, and resolving receivables. Asset monetization and strategic partnerships critical for near-term momentum.

Q&A Session

Last updated: Feb 25

Question 1: "We received so many arbitration claims this year. How many more in pipeline? Can you describe this?"
Answer: Most arbitration claims were settled via Vivad Se Vishwas, leaving minor pending claims (e.g., ~INR15 crore for Penchalakona-Yerpedu). Larger unresolved claims include ~INR300 crore for Madurai-Ramanathapuram and ~INR150 crore for Coimbatore-Pollachi. Arbitration processes for these may proceed if consultation committees fail.

Question 2: "We have INR5,200 crores 12 months top line, while we have only INR5,500 crores value of contract in hand... Will you comment on this?"
Answer: Order book execution spans 1.5"“2 years. Slowdown in NHAI awards led to aggressive bidding for smaller projects. Focus now includes state highway/irrigation projects, urban infrastructure, and collaborations (e.g., Adani for EPC). Targeting INR8,000"“10,000 crore inflows in 3"“4 months.

Question 3: "What is the status of our debtors amount from Telangana government?"
Answer: INR577 crore certified and INR400 crore uncertified dues pending (total ~INR977 crore). No payments received in last 6 months for this project; legal action ongoing.

Question 4: "What would be our margin, revenue, and order inflow guidance for this year for FY '26?"
Answer: FY26 revenue may dip 10"“15% due to order book gaps, but margins (~15%) could stabilize via cost controls. Order inflow target: INR8,000"“10,000 crore in 3"“4 months via highways, irrigation, and mining bids.

Question 5: "How is the progress on the Kushalnagar project?"
Answer: Financial closure achieved; land acquisition at ~80% for Package 4. Appointed date expected in a week, with execution starting soon.

Question 6: "What is the issue with the Andhra Pradesh capital city project?"
Answer: Smaller tenders (INR200"“300 crore) underway; larger projects pending CRDA approval. Awaiting major infrastructure tenders for competitive bidding.

Question 7: "Update on monetization plans for four HAM assets?"
Answer: SPA discussions ongoing; Palani asset monetization expected by June 2025 post-PCOD. Three others to follow post-PCOD approvals (target: Dec 2025).

Question 8: "Breakdown of Q3FY25 revenue segments?"
Answer: 60% from HAM projects, 23% from road EPC, and 16% from irrigation. Claims boosted other income (INR103.5 crore interest).

Question 9: "Employee expense decline in Q3"”run rate going forward?"
Answer: Q2 included one-time variable pay. Normalized employee costs at INR40"“45 crore quarterly.

Question 10: "Debt and working capital details?"
Answer: Standalone debt: INR27 crore; cash: INR19 crore. Consolidated debt: INR1,486 crore (net debt/equity: 0.33). Debtors: INR1,221 crore; unbilled revenue: INR113 crore.

Balance Sheet for KNR Constructions

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-8.8%	198	217	14	186	39	137
Current investments	-	40	0	0	0	111	141
Loans, current	0%	1.84	1.84	0.11	0.11	30	10
Total current financial assets	5%	2,608	2,485	1,255	1,561	1,191	1,473
Inventories	-12.7%	193	221	257	234	185	227
Current tax assets	-	0	0	0	0	2.45	5.07
Total current assets	5.5%	3,014	2,858	2,370	2,410	2,038	2,154
Property, plant and equipment	-8.2%	336	366	409	408	422	414
Capital work-in-progress	-84.7%	1.18	2.18	4.05	2.51	10	21
Investment property	0%	66	66	66	66	66	66
Non-current investments	-47.7%	347	662	685	197	401	85
Loans, non-current	4%	3.57	3.47	3.38	3.29	3.21	3.13
Total non-current financial assets	3.5%	733	708	722	585	457	370
Total non-current assets	3.9%	1,433	1,379	1,454	1,290	1,243	1,175
Total assets	4.9%	4,447	4,238	3,824	3,700	3,281	3,329
Borrowings, non-current	-	0	0	0	0	0	0
Total non-current financial liabilities	-38.2%	2.99	4.22	0	0	6.88	6.43
Provisions, non-current	25.9%	8.09	6.63	13	12	12	9.97
Total non-current liabilities	0%	22	22	29	28	29	27
Borrowings, current	-	2.95	0	76	0.25	200	0
Total current financial liabilities	-21%	623	788	483	527	548	422
Provisions, current	-36%	5.48	8	11	15	19	24
Current tax liabilities	794.9%	47	6.14	17	16	37	20
Total current liabilities	-25.6%	738	991	858	937	809	1,060
Total liabilities	-24.9%	760	1,012	886	965	838	1,087
Equity share capital	0%	56	56	56	56	56	56
Total equity	14.3%	3,687	3,226	2,938	2,734	2,443	2,242
Total equity and liabilities	4.9%	4,447	4,238	3,824	3,700	3,281	3,329

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-2.5%	347	356	40	191	62	147
Current investments	187.2%	113	40	15	15	15	15
Loans, current	0%	1.84	1.84	0.11	0.11	0.11	10
Total current financial assets	34.9%	2,774	2,056	656	1,245	1,282	1,179
Inventories	-12.7%	193	221	257	234	185	227
Current tax assets	65%	34	21	23	13	9.57	5.33
Total current assets	30.9%	3,258	2,489	1,828	2,159	2,184	1,896
Property, plant and equipment	-7.7%	372	403	447	448	465	458
Capital work-in-progress	-84.7%	1.18	2.18	4.05	2.51	10	21
Investment property	1.5%	140	138	137	133	133	90
Non-current investments	-26.7%	56	76	63	57	56	58
Total non-current financial assets	20.8%	2,387	1,976	1,471	928	1,862	1,928
Total non-current assets	6.7%	3,538	3,315	2,815	2,183	3,280	3,374
Total assets	17.1%	6,795	5,804	4,644	4,342	5,464	5,270
Borrowings, non-current	16.7%	1,356	1,162	584	492	1,626	1,372
Total non-current financial liabilities	16%	1,359	1,172	594	501	1,636	1,375
Provisions, non-current	61.9%	35	22	22	14	84	63
Total non-current liabilities	16.7%	1,405	1,204	626	527	1,731	1,455
Borrowings, current	-53.7%	45	96	185	155	275	85
Total current financial liabilities	-25.9%	660	890	606	700	668	539
Provisions, current	478.3%	348	61	58	62	27	31
Current tax liabilities	827.3%	52	6.5	17	16	37	20
Total current liabilities	6.3%	1,171	1,102	1,000	1,068	1,002	1,256
Total liabilities	11.7%	2,575	2,306	1,626	1,594	2,734	2,711
Equity share capital	0%	56	56	56	56	56	56
Non controlling interest	200.9%	59	-56.47	-39.86	-31.37	205	231
Total equity	20.6%	4,220	3,498	3,017	2,748	2,730	2,559
Total equity and liabilities	17.1%	6,795	5,804	4,644	4,342	5,464	5,270

Cash Flow for KNR Constructions

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-42.9%	21	36	27
Change in inventories	249.4%	13	-7.03	-79.05
Depreciation	-15.8%	124	147	135
Impairment loss / reversal	99.3%	0	-137.97	0
Adjustments for interest income	-	112	0	13
Net Cashflows from Operations	92.9%	435	226	526
Interest received	62.4%	0	-1.66	0
Income taxes paid (refund)	2.8%	218	212	183
Net Cashflows From Operating Activities	1708.3%	218	13	343
Cashflows used in obtaining control of subsidiaries	-	191	0	-29.57
Proceeds from sales of PPE	-92%	5.54	58	3.71
Purchase of property, plant and equipment	-29.4%	78	110	298
Interest received	12807%	112	1.86	16
Other inflows (outflows) of cash	-123.9%	-4.01	22	-27.65
Net Cashflows From Investing Activities	-293.7%	-157.81	83	-275.74
Proceeds from borrowings	100.4%	500	250	100
Repayments of borrowings	100.4%	500	250	101
Dividends paid	0%	7.03	7.03	7.03
Interest paid	-46.2%	22	40	31
Other inflows (outflows) of cash	-33.3%	0	0.25	0
Net Cashflows from Financing Activities	37.5%	-29.02	-47.02	-38.99
Net change in cash and cash eq.	-37.5%	31	49	28

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-31.7%	98	143	140
Change in inventories	253.5%	13	-6.82	-79.42
Depreciation	-13.3%	157	181	165
Impairment loss / reversal	98.4%	0	-61.84	0
Adjustments for interest income	-	0	0	13
Net Cashflows from Operations	-97.2%	40	1,394	-144.52
Interest received	-2044.5%	-113.09	-4.32	0
Income taxes paid (refund)	23.6%	242	196	192
Net Cashflows From Operating Activities	-126.5%	-315.64	1,194	-336.44
Cash receipts from share of profits of partnership firm or association of persons or LLP	-111.1%	0	9.98	0
Proceeds from sales of PPE	-92.3%	5.54	60	3.71
Purchase of property, plant and equipment	-46.4%	83	154	357
Cash receipts from repayment of advances and loans made to other parties	-	0	0	-2.53
Interest received	3063.8%	113	4.54	17
Other inflows (outflows) of cash	-162.9%	-50.59	83	-91.58
Net Cashflows From Investing Activities	-124.4%	-15.08	67	-408.48
Payments from changes in ownership interests in subsidiaries	-100.4%	0	244	0
Proceeds from borrowings	174.8%	1,320	481	810
Repayments of borrowings	-44.9%	715	1,298	123
Dividends paid	0%	7.03	7.03	7.03
Interest paid	-31.8%	102	149	140
Other inflows (outflows) of cash	3.8%	0	-0.04	224
Net Cashflows from Financing Activities	140.6%	496	-1,217.35	765
Effect of exchange rate on cash eq.	-	0	0	127
Net change in cash and cash eq.	281.4%	165	44	147

Income Statement for KNR Constructions

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-16%	743	884	880	1,314	905	941
Other Income	-60.8%	117	297	20	124	6.02	5.02
Total Income	-27.2%	860	1,181	900	1,439	911	946
Cost of Materials	-12.7%	339	388	365	515	376	379
Employee Expense	-23.1%	41	53	42	43	49	42
Finance costs	100%	3.08	2.04	4.06	11	7.21	5.78
Depreciation and Amortization	0%	23	23	23	33	33	31
Other expenses	-24.1%	212	279	281	542	332	355
Total Expenses	-17%	618	744	715	1,144	798	812
Profit Before exceptional items and Tax	-44.7%	242	437	185	294	114	134
Exceptional items before tax	93.8%	0	-15.01	0	0	0	0
Total profit before tax	-42.8%	242	422	185	294	114	134
Current tax	-24.1%	61	80	52	102	27	37
Deferred tax	-123.3%	-0.62	7.94	-0.36	-5.62	0.77	-2.75
Total tax	-32.2%	60	88	51	96	28	35
Total profit (loss) for period	-45.6%	182	334	134	198	86	100
Other comp. income net of taxes	-4.5%	0.07	0.11	0.19	4.21	0.09	0.16
Total Comprehensive Income	-45.8%	182	335	134	202	86	100
Earnings Per Share, Basic	-49.7%	6.48	11.89	4.76	7.05	3.04	3.55
Earnings Per Share, Diluted	-49.7%	6.48	11.89	4.76	7.05	3.04	3.55

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	9.3%	4,091	3,744	3,273	2,703	2,244	2,137
Other Income	354.8%	142	32	42	50	57	63
Total Income	12.1%	4,233	3,776	3,314	2,752	2,301	2,201
Cost of Materials	11%	1,660	1,495	1,181	926	753	643
Employee Expense	1.8%	174	171	145	132	125	93
Finance costs	-26.3%	29	39	27	49	47	29
Depreciation and Amortization	-15.8%	124	147	135	144	192	168
Other expenses	14.8%	1,556	1,356	1,269	1,108	879	974
Total Expenses	10.4%	3,544	3,209	2,757	2,360	1,996	1,908
Profit Before exceptional items and Tax	21.6%	689	567	557	392	304	293
Exceptional items before tax	-100.7%	0	138	21	-11.25	-10.72	-2.55
Total profit before tax	-2.3%	689	705	579	381	294	291
Current tax	12.2%	203	181	153	159	98	55
Deferred tax	-133.3%	-7.33	26	44	-22.39	-29.35	-27.72
Total tax	-4.9%	196	206	197	137	68	27
Total profit (loss) for period	-1%	494	499	382	244	225	263
Other comp. income net of taxes	816%	4.58	0.5	-0.63	-0.23	-0.39	-0.01
Total Comprehensive Income	-0.2%	498	499	381	244	225	263
Earnings Per Share, Basic	-1.1%	17.56	17.74	13.58	8.68	8.01	9.36
Earnings Per Share, Diluted	-1.1%	17.56	17.74	13.58	8.68	8.01	9.36

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-56.4%	848	1,945	985	1,414	996	1,038
Other Income	-17.1%	122	147	21	125	6.52	5.34
Total Income	-53.7%	970	2,092	1,006	1,539	1,003	1,044
Cost of Materials	-12.7%	339	388	365	515	376	379
Employee Expense	-21.6%	41	52	42	43	50	42
Finance costs	-54.5%	41	89	37	37	28	21
Depreciation and Amortization	-90.7%	23	238	30	41	41	39
Other expenses	-66.7%	212	635	299	481	344	386
Total Expenses	-53.2%	657	1,402	774	1,117	838	867
Profit Before exceptional items and Tax	-54.7%	313	690	232	422	164	177
Exceptional items before tax	93.8%	0	-15.01	0	0	0	0
Total profit before tax	-53.7%	313	675	232	422	164	177
Current tax	-23.5%	63	82	55	100	27	37
Deferred tax	-120%	-0.39	7.94	-0.36	-5.32	0.77	-2.75
Total tax	-30.3%	63	90	55	95	28	35
Total profit (loss) for period	-57.3%	248	580	166	341	136	143
Other comp. income net of taxes	-4.5%	0.07	0.11	0.19	4.2	0.09	0.16
Total Comprehensive Income	-57.3%	248	580	166	345	136	143
Earnings Per Share, Basic	-46.7%	8.84	15.7	6.14	12.56	4.96	5.24
Earnings Per Share, Diluted	-46.7%	8.84	15.7	6.14	12.56	4.96	5.24

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	9%	4,429	4,062	3,606	2,904	2,452	2,292
Other Income	300%	145	37	45	52	66	74
Total Income	11.6%	4,574	4,099	3,651	2,955	2,517	2,366
Cost of Materials	11%	1,660	1,495	1,181	926	753	644
Employee Expense	0%	174	174	146	133	127	95
Finance costs	-30.9%	106	153	148	134	110	89
Depreciation and Amortization	-13.3%	157	181	165	190	254	230
Other expenses	4.8%	1,547	1,476	1,480	1,145	949	1,018
Total Expenses	4.7%	3,644	3,479	3,120	2,528	2,194	2,074
Profit Before exceptional items and Tax	50.1%	930	620	530	427	324	292
Exceptional items before tax	-101.6%	0	62	21	85	0	-2.55
Total profit before tax	36.4%	930	682	552	512	324	289
Current tax	12.2%	203	181	153	159	98	55
Deferred tax	-113.4%	-7.03	61	44	-22.39	-29.24	-27.82
Total tax	-19.1%	196	242	197	137	69	27
Total profit (loss) for period	71.5%	752	439	366	383	267	265
Other comp. income net of taxes	830.6%	4.58	0.51	-0.6	-0.23	-0.41	0
Total Comprehensive Income	72.2%	757	440	366	383	266	265
Earnings Per Share, Basic	74.2%	27.64	16.29	13.58	14.49	9.44	9.62
Earnings Per Share, Diluted	74.2%	27.64	16.29	13.58	14.49	9.44	9.62

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Category	KNRCON	Construction
PE	4.87	31.83
PS	1.16	1.60
Growth	30.7 %	7.3 %

Share Holdings

Understand KNR Constructions ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

As of 2025-03-31

Shareholder Name	Holding %
Kamidi Narsimha Reddy	30.4%
Kamidi Jalandhar Reddy	13.25%
Hdfc Mutual Fund - Hdfc Mid-Cap Opportunities Fund	8.2%
Sbi Small Cap Fund	4.31%
Kamidi Yashoda	2.85%
Mereddy Rajesh Reddy	2.31%
Canara Robeco Mutual Fund A/C Canara Robeco Small Cap Fund	2.14%
Franklin India Smaller Companies Fund	1.88%
Kotak Small Cap Fund	1.45%
Hsbc Value Fund	1.44%
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Small Cap Fund	1.38%
Tata Infrastructure Fund	1.23%
The Master Trust Bank Of Japan, Ltd. As Trustee Of Hsbc India Infrastructure Equity Mother Fund	1.1%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Investor Care
Dividend Yield	0.22%
Dividend/Share (TTM)	0.5
Shares Dilution (1Y)	0.00%
Diluted EPS (TTM)	43.24

Financial Health
Current Ratio	2.78
Debt/Equity	0.33
Debt/Cashflow	-0.25

Valuation
Market Cap	6.52 kCr
Price/Earnings (Trailing)	4.88
Price/Sales (Trailing)	1.16
EV/EBITDA	2.99
Price/Free Cashflow	-21.71
MarketCap/EBT	3.97

Fundamentals
Revenue (TTM)	5.61 kCr
Rev. Growth (Yr)	-3.21%
Rev. Growth (Qtr)	-53.62%
Earnings (TTM)	1.33 kCr
Earnings Growth (Yr)	82.97%
Earnings Growth (Qtr)	-57.2%

Profitability
Operating Margin	29.56%
EBT Margin	29.29%
Return on Equity	31.63%
Return on Assets	19.64%
Free Cashflow Yield	-4.61%

KNRCON - KNR Constructions Limited Share Price

What does KNR Constructions Limited do?

Summary of Latest Earnings Report from KNR Constructions

Balance Sheet for KNR Constructions

Cash Flow for KNR Constructions

Income Statement for KNR Constructions

Sector Comparison: KNRCON vs Construction

Comparative Metrics

Performance Comparison

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Investor Care

Financial Health

Valuation

Fundamentals

Profitability

Is KNR Constructions Better than it's peers?

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LT	Larsen & ToubroCivil Construction	4.58 LCr	2.52 LCr	-4.72%	-7.71%	27.68	1.81	+16.75%	+10.26%
IRB	IRB Infrastructure DevelopersCivil Construction	28.54 kCr	8.32 kCr	+4.65%	-31.31%	4.42	3.43	+12.47%	+1079.85%
NCC	NCCCivil Construction	13.72 kCr	22.7 kCr	+4.34%	-12.52%	16.3	0.6	+16.85%	+19.48%
HGINFRA	H.G. Infra EngineeringCivil Construction	7.07 kCr	5.42 kCr	+2.73%	-7.59%	12.9	1.31	+3.73%	+5.57%
PNCINFRA	PNC InfratechCivil Construction	7.06 kCr	7.8 kCr	+8.75%	-39.02%	6.22	0.91	-7.56%	+72.23%