KNR Constructions Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹2,853 Cr
- P/E
- 8.34
- ROE
- 8.70%
- PEG
- 139.10
- Price to sales
- 1.07
- Debt to equity
- 0.49
- 52W high / low
- ₹186 / ₹97.7
- Sales growth (5Y)
- -1.46%
- EBITDA margin
- 23.37%
- Net profit margin
- 15.33%
- Promoter holding
- 48.81%
- Sales (last year)
- ₹2,673 Cr
KNR Constructions Ltd, incorporated in 1995, is a Hyderabad-based infrastructure project development company providing EPC services in segments such as roads and highways, irrigation and urban water infrastructure management. [1]
Guidance scorecard · Q1 FY27 call
What KNR Constructions Ltd's management guided
and where it ranks in Construction
Construction
RevenueQ1 FY27 call
10–20%- For FY27, KNR Constructions targets revenue around INR 2,200 to 2,300 crores, a 10-15% growth compared to FY26's INR 2,000 crores.
- FY28 is expected to be a strong year with revenue crossing INR 3,000 crores, driven by full project execution.
- The mining projects and HAM projects are key drivers, with mining expected to contribute INR 150 crores in FY27 and increasing thereafter.
- Pipeline projects targeted around INR 300-400 crores revenue in FY27.
- Margins expected to improve with EBITDA around 8-9% in FY27 and 11-12% in FY28.
2 more points from KNR Constructions Ltd's call on revenue
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MarginsQ1 FY27 call
Up 2%+See what KNR Constructions Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- FY27 capex plan: INR 350-400 crores, mainly mining-related.
- Q1 FY27 capex spent: INR 14 crores.
- Kusmunda mining project: INR 500-600 crores capex required for equipment like surface miners, dumpers, excavators, dozers, haul road prep.
- Banhardih mine: Expected INR 300-400 crores capex, pending land acquisition.
- Overall mining capex over FY27 and FY28 could reach INR 900-1,000 crores.
- Capex phased based on project mobilization timelines, with significant rollout expected from Q2 FY27 onwards.
2 more points from KNR Constructions Ltd's call on capex
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FundraisingQ1 FY27 call
PlannedSee what KNR Constructions Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- As of June 30, 2026, total order book stands at INR 8,667 crores (excluding recently won projects).
- Including 2 recently won HAM projects and mining project, total order book is INR 15,234 crores.
- Sector-wise breakup: 38% roads, 11% irrigation, 6% pipelines, 45% mining.
- Client-wise: 71% third-party (24% state government, 46% central government), 29% captive HAM projects.
- Current orders executable over 3 to 3.5 years excluding mining.
- Order inflow target for FY27 between INR 8,000 crores to INR 10,000 crores.
- L1 projects worth around INR 1,500 crores announced; LOAs yet to be issued.
2 more points from KNR Constructions Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Construction
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Construction companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹6,531 Cr | 11.7 | |
| 2 | 40%+ | Flat | ₹1,089 Cr | 9.3 | |
| 3 | 40%+ | Flat | ₹898 Cr | 7.6 | |
| 4 | 40%+ | Flat | ₹807 Cr | 14.7 | |
| 5 | 40%+ | Flat | ₹554 Cr | 13.1 | |
| 6 | 40%+ | Flat | ₹516 Cr | 30.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Construction rankingKNR Constructions Ltd announcements
All announcements →- OtherNotable· Adverse for the businessKNR Constructions receives four Income Tax penalty orders for AY 2017-18 to 2020-21
Financials of KNR Constructions Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of KNR Constructions Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 875 | 1,245 | 981 | 1,038 | 996 | 1,414 | 985 | 1,945 | 848 | 975 | 613 | 646 | 743 |
| Expenses + | 678 | 999 | 765 | 807 | 770 | 1,039 | 706 | 1,075 | 593 | 754 | 430 | 454 | 576 |
| Operating Profit | 197 | 246 | 216 | 232 | 226 | 375 | 279 | 870 | 256 | 221 | 183 | 193 | 167 |
| OPM % | 22% | 20% | 22% | 22% | 23% | 26% | 28% | 45% | 30% | 23% | 30% | 30% | 22% |
| Other Income + | 68 | 10 | 8 | 5 | 7 | 125 | 21 | 132 | 122 | -100 | 25 | 7 | 14 |
| Interest | 33 | 21 | 20 | 21 | 28 | 37 | 37 | 89 | 41 | 41 | 48 | 53 | 55 |
| Depreciation | 46 | 48 | 36 | 39 | 41 | 41 | 30 | 238 | 23 | 23 | 15 | 15 | 15 |
| Profit before tax | 185 | 187 | 167 | 177 | 164 | 422 | 232 | 675 | 313 | 58 | 144 | 132 | 110 |
| Tax % | 42% | 24% | 23% | 20% | 17% | 22% | 24% | 13% | 20% | 87% | 16% | 22% | 8% |
| Net Profit + | 108 | 142 | 133 | 143 | 136 | 341 | 166 | 580 | 248 | 8 | 123 | 105 | 103 |
| EPS in Rs | 3.76 | 5.24 | 4.88 | 5.24 | 4.96 | 12.56 | 6.14 | 15.70 | 8.84 | 4.95 | 4.39 | 3.72 | 3.66 |
Financials of KNR Constructions Ltd
Profit & Loss
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 895 | 904 | 1,192 | 1,642 | 2,070 | 2,292 | 2,452 | 2,904 | 3,606 | 4,062 | 4,429 | 4,753 | 2,978 |
| Expenses + | 763 | 778 | 1,019 | 1,378 | 1,620 | 1,754 | 1,829 | 2,205 | 2,804 | 3,145 | 3,380 | 3,144 | 2,214 |
| Operating Profit | 132 | 127 | 172 | 264 | 449 | 538 | 623 | 699 | 802 | 918 | 1,049 | 1,610 | 764 |
| OPM % | 15% | 14% | 14% | 16% | 22% | 23% | 25% | 24% | 22% | 23% | 24% | 34% | 26% |
| Other Income + | 18 | 14 | 46 | 30 | 55 | 75 | 66 | 144 | 78 | 98 | 162 | 172 | -54 |
| Interest | 18 | 14 | 57 | 73 | 82 | 90 | 111 | 133 | 151 | 153 | 106 | 208 | 197 |
| Depreciation | 59 | 55 | 71 | 116 | 194 | 230 | 254 | 190 | 165 | 181 | 157 | 314 | 68 |
| Profit before tax | 72 | 71 | 90 | 106 | 228 | 292 | 324 | 520 | 563 | 681 | 948 | 1,260 | 445 |
| Tax % | 9% | -0% | -24% | 7% | -0% | 9% | 21% | 26% | 35% | 36% | 21% | 20% | |
| Net Profit + | 60 | 70 | 112 | 99 | 229 | 265 | 256 | 383 | 366 | 439 | 752 | 1,002 | 338 |
| EPS in Rs | 2.15 | 2.48 | 3.99 | 4.09 | 8.66 | 9.62 | 9.44 | 14.49 | 13.58 | 16.29 | 27.64 | 35.62 | 16.72 |
| Dividend Payout % | 5% | 4% | 5% | 6% | 2% | 2% | 3% | 2% | 2% | 2% | 1% | 1% |
Financials of KNR Constructions Ltd
Balance Sheet
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 56 | 56 | 56 | 56 | 56 | 56 |
| Reserves | 583 | 760 | 670 | 786 | 1,020 | 1,283 | 1,533 | 1,912 | 2,271 | 2,723 | 3,498 | 4,485 | 4,706 |
| Borrowings + | 426 | 734 | 735 | 721 | 770 | 758 | 875 | 764 | 1,464 | 652 | 1,262 | 1,849 | 2,321 |
| Other Liabilities + | 417 | 490 | 552 | 707 | 790 | 660 | 1,068 | 1,275 | 1,479 | 911 | 987 | 741 | 610 |
| Total Liabilities | 1,454 | 2,012 | 1,986 | 2,242 | 2,608 | 2,729 | 3,503 | 4,007 | 5,270 | 4,342 | 5,804 | 7,131 | 7,694 |
| Fixed Assets + | 272 | 235 | 738 | 1,228 | 1,341 | 1,321 | 1,275 | 776 | 890 | 890 | 806 | 482 | 445 |
| CWIP | 585 | 1,108 | 429 | 91 | 1 | 0 | 10 | 2 | 21 | 3 | 2 | 0 | 1 |
| Investments | 26 | 24 | 106 | 74 | 53 | 52 | 66 | 62 | 73 | 72 | 115 | 116 | 220 |
| Other Assets + | 571 | 645 | 713 | 849 | 1,213 | 1,357 | 2,153 | 3,167 | 4,287 | 3,377 | 4,880 | 6,533 | 7,028 |
| Total Assets | 1,454 | 2,012 | 1,986 | 2,242 | 2,608 | 2,729 | 3,503 | 4,007 | 5,270 | 4,342 | 5,804 | 7,131 | 7,694 |
Financials of KNR Constructions Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 239 | 78 | 246 | 366 | 221 | 256 | 231 | -76 | -336 | 1,194 | -297 | -567 |
| Cash from Investing Activity + | -485 | -549 | -244 | -250 | -163 | -184 | -202 | 260 | -408 | 67 | -34 | -167 |
| Cash from Financing Activity + | 276 | 450 | 1 | -124 | -38 | -108 | 2 | -98 | 765 | -1,217 | 496 | 480 |
| Net Cash Flow | 31 | -21 | 3 | -8 | 20 | -35 | 31 | 87 | 20 | 44 | 165 | -253 |
| Free Cash Flow | -269 | -466 | -7 | 172 | 4 | 51 | 25 | -170 | -690 | 1,100 | -374 | -592 |
| CFO/OP | 200% | 88% | 150% | 145% | 56% | 59% | 50% | 1% | -18% | 151% | -5% | -21% |
Financials of KNR Constructions Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 31 | 44 | 41 | 40 | 47 | 15 | 26 | 42 | 61 | 56 | 56 | 71 |
| Inventory Days | 67 | 60 | 72 | 81 | 53 | 57 | 60 | 58 | 70 | 57 | 49 | 40 |
| Days Payable | 99 | 82 | 130 | 165 | 176 | 131 | 127 | 99 | 95 | 95 | 62 | 76 |
| Cash Conversion Cycle | -1 | 23 | -16 | -44 | -75 | -58 | -42 | 1 | 36 | 18 | 42 | 34 |
| Working Capital Days | 3 | 17 | 17 | 2 | 33 | 30 | -11 | -13 | 37 | 77 | 77 | 154 |
| ROCE % | 10% | 6% | 9% | 12% | 18% | 19% | 19% | 22% | 20% | 21% | 26% | 29% |
Guidance history
How KNR Constructions Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Up 2%+ | Planned | Planned | Rising |
| Q4 FY26 call → | 10–20% | Flat | Planned | Planned | Rising |
| Q3 FY26 call → | 0–10% | Flat | Planned | — | Flat |
| Q2 FY26 call → | 10–20% | Flat | None planned | — | Flat |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
8 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −45.9% | 7% |
| Last 6 months | −19.5% | 19% |
| Last 3 months | −16.2% | 26% |
The price is 74.1% below its all-time high of ₹388.25 (14 Jun 2024). Stocks more than 20% below their peak have their score halved, so 16 became 8.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For KNR Constructions Ltd: 0.4 × 7 + 0.4 × 19 + 0.2 × 26 = 16, halved to 8 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What KNR Constructions Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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