Impressive results:
KNR Result highlights: http://www.bseindia.com/xml-- YoY Qty Standalone Net Revenue increased by 17% and NP by 58%
- QoQ Qty Standalone Net Revenue increased by 28% and NP by 108%
- YoY Yearly Consolidated Net Revenue increased by 17% and NP by 28%
- Promoters holding at 74.01% (maximum permissible number). No pledging.
- Cash and cash equivalent Rs57crores from 23crores last year
- Full year consolidated EPS 21.5 and PE at CMP 133 is 6.18
- Market cap 375Crores v/s revenue of 894Crores
- Board has recommended a dividend of Re. 1.00 per share
Major share holding from Public:
HDFC: 8.03% I Patel Engineering: 6.32% I Raghu Trading 1.71% I Ajai Hari Dalmia 1.22%
The performance of last few years:Book value: 162
CFO: Positive and more than NP during 4 out of last 6 years
Free Cash Flow: Very strong FCF. last 3 yrs FCF 445Crs
HDFC: 8.03% I Patel Engineering: 6.32% I Raghu Trading 1.71% I Ajai Hari Dalmia 1.22%
The performance of last few years:Book value: 162
CFO: Positive and more than NP during 4 out of last 6 years
Free Cash Flow: Very strong FCF. last 3 yrs FCF 445Crs
Disc.: Holding the share and added more after the result.
Cheers,
Niteen S Dharmawat
Blog: http://dharmawat.blogspot.com/
Twitter: @niteen_india
Facebook: https://www.facebook.com/
slideshare: www.slideshare.net/ndharmawat/
Niteen S Dharmawat
Blog: http://dharmawat.blogspot.com/
Twitter: @niteen_india
Facebook: https://www.facebook.com/
slideshare: www.slideshare.net/ndharmawat/
3 comments:
Stock today locked in upper circuit at 185.6 with huge pending quantity. The stock was highlighted 4 days back after its impressive quarterly results and it was at about 132 or so.
It will not be appropriate to calculate the gains as it has just started moving up.
Pls share your opinion.
Disc.: holding the stock.
Cheers,
Niteen S Dharmawat
Blog: http://dharmawat.blogspot.com/
Twitter: @niteen_india
Facebook: https://www.facebook.com/dharmawat
slideshare: www.slideshare.net/ndharmawat/
Linkedin: in.linkedin.com/in/dharmawat/
Notice that promoters sold shares in last few days. This is an important info. So please trade cautiously in the counter and take decision accordingly.
The stock was discussed few days ago at around 130 levels and has gone up to 210 currently.
Cheers,
Niteen S Dharmawat
This is further to KNR Constructions management sell off that I reported sometime ago. (see comments section)
I have analyzed the June 2014 Shareholding data (SHP) submitted by the company to the exchanges and found that 4% is sold off by the management, 6.29% by Patel Engineering. Also public's SHP has come down by 4%.
Who bought this? Mainly Mutual Funds (prominently Tata MF 3.9%, DSP Blackrock 2%, HDFC increased marginally by 0.3% to now 8.31%).
It seems the stock has moved into strong hands and the promoters who were supporting the stock for a very long time made some exit. Patel Engineering was not a part of promoters group and would have its own reasons to make an exit. The promoters' selling has stopped now. I am fine as long as their holding is anything above 60% (unpledged).
I do not find any red signals that puts a cause to worry on an immediate basis. Meanwhile the company also reported on 30th June that it has won one more contract worth Rs 146Crores. The company is headquartered in Hyderabad and could also get benefited from the formation of new state where several infra projects could be awarded in next few quarters.
Disclosure: I am holding the stock and views can be biased. Please do your analysis before you take any decisions.
Cheers,
Niteen S Dharmawat
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