KNR Constructions Limited (KNRCON.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+134.7%

₹239.57

vs ₹102.09 price

Levered DCF

-₹167.73

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	7.27×	6.43×	9.2×	15.57×	20.92×	14.73×	10.41×	32.68×
P/B	0.64×	1.42×	2.01×	6.33×	8.46×	7.52×	4.36×	6.74×
P/S	1.18×	1.35×	1.61×	4.33×	5.46×	5.09×	2.86×	3.91×
EV / EBITDA	7.38×	4.42×	6.85×	18.51×	24.75×	18.84×	11.09×	15.67×
Gross margin	35.6%	35.8%	31.0%	35.2%	32.4%	20.2%	31.0%	28.5%
Operating margin	24.2%	27.6%	26.4%	25.4%	21.9%	17.8%	15.7%	13.8%
Net margin	16.2%	21.1%	17.5%	11.3%	10.6%	14.0%	11.2%	12.0%
Current ratio	4.68×	4.08×	2.26×	2.02×	1.51×	1.05×	1.04×	1.37×
Debt / equity	0.49×	0.41×	0.36×	0.23×	0.63×	0.39×	0.56×	0.58×
Interest coverage	3.08×	6.31×	11.76×	9.19×	5.98×	4.44×	3.4×	3.5×
Dividend yield	0.2%	0.1%	0.1%	0.0%	0.0%	0.0%	0.2%	0.1%
Payout ratio	1.6%	0.7%	0.9%	1.5%	1.8%	0.0%	5.7%	2.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.8%	22.1%	21.9%	16.5%	16.4%	20.7%	17.0%	20.6%
Return on invested capital	7.3%	16.2%	19.4%	19.4%	12.5%	13.7%	11.7%	13.1%
Return on assets	5.4%	14.0%	13.4%	10.5%	7.2%	10.2%	7.6%	9.9%
Free cash flow yield	-11.3%	-10.1%	-5.6%	5.9%	-3.5%	-1.2%	0.3%	0.4%
Earnings yield	13.7%	15.6%	10.9%	2.6%	1.9%	2.8%	3.9%	3.1%
Enterprise value	₹52.5B	₹79.7B	₹80.6B	₹180.5B	₹210.1B	₹154.3B	₹76.4B	₹95.8B
Net debt / EBITDA	2.91×	0.85×	0.77×	0.47×	1.55×	0.78×	1.21×	1.22×
Cash conversion cycle (days)	78	53	89	43	75	50	53	41