BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
KNR Construction Ltd. board has recommended one bonus share for every one equity share. Bonus share will be issued by way of capitalization of securities premium reserve.
We see bonus issuance as a neutral for the company’s business and net asset, but will aid in increasing the stock liquidity in exchanges.
As on H1 FY21, company order book stands at Rs 86 billion (equals to four times trailing twelve months revenue).
The company labor availability has reached 80% plus and it has guided FY21E turnover to increase by 5-7% YoY and Ebitda margin at 17-18%.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
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