ICICI Direct has given Buy recommendation for KNR Constructions with a target price of Rs. 340 in its research report issued on Aug 16, 2021

ICICI Direct’s research report on KNR Constructions

KNR Constructions is one of the leading companies in the roads and highways sector having executed 6,000+ lane km of projects across 12 states in India. The company also has an established presence in irrigation and urban water infrastructure management. Reported 24.5% revenue CAGR over FY16-21 and has consistently delivered industry-leading operating margin of ~20% throughout past three years Prudent management, net debt free, robust return ratios (RoCE: >23%)


We maintain our BUY rating on the company We value KNR at Rs 340/share.


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