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.
Axis Securities Report
KNR Construction Ltd.'s order book remains robust at Rs 8,100 crore, giving revenue visibility for the next two-three years. With a healthy National Highway Authority of India pipeline, we expect the company to receive better order intake which shall drive its revenue growth moving forward.
We expect the company to grow its revenue at a compound annual growth rate of 11% over FY22- FY24E.
KNR Construction is looking to diversify to other segments such as railway and metros to keep the revenue stream unaffected apart from the road segment. With newer opportunities emerging in various infra-related sectors, further diversification strategy augurs well for the company.
The absence of major order wins to date in FY23 remains a concern. However, KNR's policy of not chasing orders at a lower margin is worth appreciating.
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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
