KNR Constructions Ltd. (KNR) ($KNRCON)

The company performs engineering, procurement and construction services in the fast-growing road sector in the country and has recently forayed into infrastructure projects.

- The company has delivered a better revenue growth of ~13% CAGR over 10 years at healthy margins and best-in-class working-capital cycle (5 year average is ~70 days).

- The company has low gearing (net debt 0.2x equity) and has generated healthy returns (average RoCE of ~16% over 5 years on standalone basis).

- The visibility in terms of order-book to sales (~2.75x) is decent with recent order wins. We expect capex in road sector to continue to drive the company’s order book growth.

Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.

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