Knowledge Marine & Engineering Works Ltd
Incorporated in 2015, Knowledge Marine & Engineering Works Ltd provides dredging services, owning and operating marine craft, and repairing, maintaining and refitting marine crafts and marine infrastructure[1]
- Market Cap ₹ 2,455 Cr.
- Current Price ₹ 2,273
- High / Low ₹ 2,650 / 1,264
- Stock P/E 48.0
- Book Value ₹ 201
- Dividend Yield 0.00 %
- ROCE 24.7 %
- ROE 25.8 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 61.3% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.3%
Cons
- Stock is trading at 11.3 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 106 to 131 days.
- Promoter holding has decreased over last 3 years: -11.6%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Engineering Services Dredging
Part of BSE SmallCap BSE Allcap BSE Services
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 11 | 11 | 24 | 33 | 61 | 202 | 164 | 201 | 206 | |
| 8 | 6 | 16 | 20 | 29 | 133 | 114 | 122 | 124 | |
| Operating Profit | 3 | 4 | 8 | 13 | 32 | 69 | 50 | 78 | 82 |
| OPM % | 24% | 41% | 32% | 40% | 53% | 34% | 30% | 39% | 40% |
| 0 | 0 | 0 | 0 | 1 | 1 | 3 | 5 | 5 | |
| Interest | 0 | 1 | 1 | 2 | 2 | 2 | 4 | 10 | 12 |
| Depreciation | 0 | 1 | 2 | 2 | 2 | 4 | 8 | 11 | 12 |
| Profit before tax | 2 | 3 | 5 | 9 | 28 | 63 | 41 | 62 | 64 |
| Tax % | 34% | 10% | 20% | 28% | 25% | 26% | 25% | 20% | |
| 1 | 3 | 5 | 7 | 21 | 47 | 31 | 50 | 50 | |
| EPS in Rs | 1,320.00 | 7.60 | 18.16 | 6.37 | 19.89 | 43.56 | 28.27 | 45.92 | 47.34 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 53% |
| 3 Years: | 49% |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 61% |
| 3 Years: | 35% |
| TTM: | 63% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 53% |
| 1 Year: | 34% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 29% |
| Last Year: | 26% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 2 | 2 | 10 | 10 | 10 | 11 | 11 |
| Reserves | 2 | 4 | 8 | 17 | 37 | 123 | 157 | 207 |
| 7 | 11 | 16 | 17 | 26 | 25 | 60 | 133 | |
| 5 | 12 | 9 | 7 | 20 | 51 | 32 | 48 | |
| Total Liabilities | 14 | 30 | 36 | 51 | 94 | 209 | 259 | 399 |
| 11 | 12 | 27 | 28 | 53 | 59 | 108 | 159 | |
| CWIP | 0 | 8 | 0 | 3 | 2 | 8 | 12 | 50 |
| Investments | 0 | 1 | 1 | 0 | 3 | 11 | 29 | 60 |
| 3 | 9 | 7 | 20 | 36 | 131 | 110 | 129 | |
| Total Assets | 14 | 30 | 36 | 51 | 94 | 209 | 259 | 399 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 3 | 11 | 2 | 5 | 35 | 21 | 38 | 58 | |
| -10 | -9 | -11 | -4 | -31 | -23 | -72 | -127 | |
| 7 | 5 | 4 | 9 | 7 | 35 | 28 | 64 | |
| Net Cash Flow | -0 | 7 | -6 | 10 | 11 | 33 | -5 | -6 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 57 | 36 | 46 | 4 | 24 | 101 | 86 | 131 |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 57 | 36 | 46 | 4 | 24 | 101 | 86 | 131 |
| Working Capital Days | -73 | -365 | -92 | 3 | -71 | 19 | 31 | -34 |
| ROCE % | 24% | 27% | 30% | 50% | 55% | 23% | 25% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Preferential Issue
16 Oct - UBO clarification: Suryashakti Management allotted 52,632 shares (0.43% post-issue); Neepa and Navin Shah named.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
15 Oct - Received 20-year LoA to build/operate luxury 70m 'River Pearl' cruise, ~135km route; potential ₹800 crore revenue.
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 11 Oct
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
10 Oct - IWAI order for 4 CSDs, 4 work and 4 accommodation boats; ₹127.12 crore; 18 months.
-
Announcement under Regulation 30 (LODR)-Preferential Issue
9 Oct - Oct 09, 2025: Preferential issue allotments totaling 1,499,000 securities to proposed allottees.
Annual reports
Concalls
-
Jun 2025TranscriptNotesPPT
-
Feb 2025TranscriptNotesPPT
-
Nov 2024TranscriptNotesPPT
-
Jun 2024Transcript PPT
-
Nov 2023Transcript PPT REC
-
Jun 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Jun 2022Transcript PPT
Business Overview:[1]
KMEWL is engaged in dredging, owning, chartering/hiring, manning, operating, and technical maintenance of marine crafts, as well as repairs and maintenance of marine infrastructure in India and Myanmar. The company’s fleet includes pilot boats, speed patrol boats, survey boats, grab dredgers, trailing suction hopper dredgers, mooring launches, and service boats. Its operational marine assets include River Pearl 1 through River Pearl 12.