KNR Construction Remains Nirmal Bang's Top Buy Ahead Of Q4 Results In Construction Sector — Here's Why

In FY26, the government also plans to raise up to Rs 350 billion in private finance under the build, operate, and transfer strategy. The majority of this cash would come from multi-lane roadways and access-controlled expressways..NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Nirmal Bang Report.During the first nine months of FY25, the government prioritized road maintenance and complex projects, slowing down the pace of new highway development. According to the Ministry of Road Transport and Highways, highway construction declined by 5.8% to 5,853 km 9M FY25, down from 6,216 km the previous year. The rate of government awards for the construction of new roadways slowed, totaling 3,100 km over the year, compared to 3,111 km the previous year. While highway construction and awards were slow in FY25, the roads ministry maintained its capital investment pace to ensure that more projects get started and completed by Q4 FY25. In FY25, the roads ministry incurred around Rs.2.25 trillion in capital expenditure, accounting for 82.7% of the budgetary capex allocation of Rs. 2.72 trillion..Top buy: KNR Constructions The company's order book as of December 31, 2024, was recorded at Rs 38.8 billion (1.0x trailing twelve months revenue). The company seeks to establish an order book between Rs 80 to 100 billion, concentrating on endeavors in Rajasthan irrigation, Madhya Pradesh irrigation, the MSRDC project, and a multitude of projects throughout Tamil Nadu, Andhra Pradesh, Telangana, and Karnataka. The margins are projected to fall within the 15-16% range, with the potential for enhancement as contributions from irrigation projects increase. The company intends to concentrate on obtaining EPC and BOT projects via strategic alliances. An MoU has already been executed with NCC concerning the Bhubaneshwar metro and irrigation initiatives..Click on the attachment to read the full report:.Interglobe Aviation Gets 'Buy' Upgrade From Motilal Oswal, Sees 27% Upside — Here's Why.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

KNR Construction Remains Nirmal Bang's Top Buy Ahead Of Q4 Results In Construction Sector — Here's Why

KNR Construction's margins are projected to fall within the 15-16% range, with the potential for enhancement as contributions from irrigation projects increase, adds the brokerage.

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