BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
In this report, we present key takeaways from KNR Construction Ltd.’s FY22 Annual Report.
KNR Construction witnessed a strong execution in FY22, with revenue growing 21% YoY to Rs 32.7 billion, and a healthy Ebitda margin of ~21%. Its order book currently stands at Rs 93.5 billion (2.8 times FY22 revenue). Around 76% of the order book comprises of road projects, and the balance consists of Irrigation projects.
The order pipeline is decent, with the management expecting Rs 30-40 billion of project wins in FY23. It is looking at bidding in other regions within India.
KNR Construction is expected to invest ~Rs 5.8 billion over FY23, FY24, and FY25 towards its equity commitment of ongoing hybrid-annuity-model projects, along with financial support for meeting cash flow mismatches in its underlying special purpose vehicles.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR