External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Modest Order Book: The company’s order book stood at Rs 8,305 Cr as of 30 Jun’25, providing 12–18 months of revenue visibility.</li><li>While the current order book size presents a potential risk to revenue growth, management anticipates additional order inflows of Rs 10,000–12,000 Cr in FY26, which should support a healthy pipeline going forward.</li><li>Revision in Revenue and Margin Guidance: For FY26, management has guided revenue in the range of Rs 2,000–2,500 Cr, citing a lower executable order book, with EBITDA margins expected at 13–13.5%. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Modest Order Book: The company’s order book stood at Rs 8,305 Cr as of 30 Jun’25, providing 12–18 months of revenue visibility.While the current order book size presents a potential risk to revenue growth, management anticipates additional order inflows of Rs 10,000–12,000 Cr in FY26, which should support a healthy pipeline going forward.Revision in Revenue and Margin Guidance: For FY26, management has guided revenue in the range of Rs 2,000–2,500 Cr, citing a lower executable order book, with EBITDA margins expected at 13–13.5%. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

KNR Constructions Ltd - Suboptimal Execution; Retain HOLD