Rs 8,872.10 crore order book: Heavy buying witnessed in this multibagger civil construction stock; hit 52-week high & receives financial closure from NHAI!

The stock has a PE of 15.06x whereas the industry PE is 32.8x.

On Monday, shares of KNR Construction Ltd surged 6.17 per cent to an intraday high of Rs 289 per share from its previous closing of Rs 272.2. The stock has a 52-week high of Rs 289 per share.

KNR Ramatheertham Infra Private Limited, a wholly-owned subsidiary of the company, is in receipt of a letter from NHAI dated September 20, 2023, stating that the financial close has been noted on September 15, 2023, for the project of development of a six-lane access controlled greenfield highway from Marripudi to Somavarappadu of [NH-544G] Bengaluru-Vijayawada economic corridor on HAM Mode under Bharatmala Pariyojana Phase-1 in the state of Andhra Pradesh (Package 13).

Quarterly Results - Total revenue stood at Rs 981.01 crore, up 0.06 per cent over Q1FY23. However, PAT increased by 38.60% to Rs 127.88 crore. The EPS for Q4FY23 is Rs 4.88. The company has declared a dividend of Rs 0.25 per share with a face value of Rs 2 each. The record date for the dividend was September 09, 2023.

Annual Results - Total revenue stood at Rs 4,062.36 crore, up 12.66 per cent and Profit After Tax (PAT) stood at Rs 440.22 crore, up 24.04 per cent in FY23 compared to FY22.

Order Book – The company’s total order book stands at Rs 8,872.10 crore including L1 orders worth Rs 1,780 crore as of March 31, 2023. The order book includes orders from the road sector and irrigation sector.

KNR Constructions Ltd, incorporated in 1995, is engaged primarily in the construction of roads, bridges, flyovers and irrigation projects. The stock has a PE of 15.06x whereas the industry PE is 32.8x. The stock gave multibagger returns of 130 per cent in 3 years and over 5,100 per cent in a decade. Investors should keep an eye on this Mid-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.