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.
Motilal Oswal Report
KNR Construction Ltd. continued its robust performance with revenue growth of 26% YoY, surpassing our expectations by 8%.
The order book was strong at Rs 116 billion (including recently won projects), with the order book/revenue ratio at 3.7 times.
Total pending receivables from Irrigation stood at Rs 7 billion, which the management expects to recover by end-FY22.
KNR Construction is debt-free at the standalone level. The credit rating for long-term facilities was recently upgraded from IND AA- to IND AA, with a stable outlook.
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