KNR Construction's margins are projected to fall within the 15-16% range, with the potential for enhancement as contributions from irrigation projects increase, adds the brokerage.
KNR Construction's order book as of December 31, 2024, was recorded at Rs 38.8 billion (1.0x trailing twelve months revenue).
In FY26, the government plans to raise up to Rs 350 billion in private finance under the build, operate, and transfer strategy.
The majority of the cash for the private finance would come from multi-lane roadways and access-controlled expressways.