Knowledge Marine & Engineering Works Ltd

Knowledge Marine & Engineering Works Ltd

₹ 1,500 1.50%
23 Feb 4:01 p.m.
About

Knowledge Marine & Engineering Works Ltd is primarily engaged in the business of owning, chartering/ hiring along with manning, operation and technical maintenance of marine crafts and repairs/ maintenance of marine crafts and marine infrastructure and allied works in India.[1]

Key Points

Service Offerings
Co. offers 3 services- Dredging Services, Owning, Operating and Chartering of Port Ancillary Crafts and Ship Building and Repair of Marine Crafts. [1]
Dredging accounted for 97% of the total revenue during FY23 compared to 80% in FY22. [2]

  • Market Cap 1,620 Cr.
  • Current Price 1,500
  • High / Low 1,815 / 845
  • Stock P/E 34.1
  • Book Value 146
  • Dividend Yield 0.00 %
  • ROCE 55.5 %
  • ROE 52.0 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 104% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 50.8%

Cons

  • Stock is trading at 10.2 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Debtor days have increased from 43.0 to 101 days.

* 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

Sector: Ship Building Industry: Miscellaneous

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Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
16 17 19 42 123 79 107
10 10 12 17 88 45 71
Operating Profit 7 7 8 25 35 34 36
OPM % 41% 38% 40% 59% 28% 43% 34%
0 0 0 0 0 1 1
Interest 1 1 1 2 1 1 2
Depreciation 1 1 1 1 2 2 3
Profit before tax 5 4 6 22 32 31 33
Tax % 25% 31% 24% 26% 26% 25% 25%
4 3 5 16 24 23 24
EPS in Rs 15.20 2.96 4.05 15.83 23.08 21.69 22.40
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
11 11 24 33 61 202 186
8 6 16 20 29 133 116
Operating Profit 3 4 8 13 32 69 70
OPM % 24% 41% 32% 39% 53% 34% 38%
0 0 0 0 1 1 2
Interest 0 1 1 1 2 2 3
Depreciation 0 1 2 2 2 4 5
Profit before tax 2 3 5 9 28 63 64
Tax % 34% 10% 20% 28% 25% 26%
1 3 5 7 21 47 48
EPS in Rs 1,320.00 7.60 18.16 6.72 19.89 43.56 44.09
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 80%
3 Years: 104%
TTM: 13%
Compounded Profit Growth
10 Years: %
5 Years: 104%
3 Years: 118%
TTM: 19%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 47%
Return on Equity
10 Years: %
5 Years: 51%
3 Years: 51%
Last Year: 52%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 2 2 10 10 10 11
Reserves 2 4 8 17 37 123 147
Preference Capital 0 0 0 0 0 1
7 11 16 17 26 24 33
5 12 9 7 20 51 105
Total Liabilities 14 30 36 51 94 209 296
11 12 27 28 53 59 69
CWIP 0 8 0 3 2 8 4
Investments 0 1 1 0 3 11 11
3 9 7 20 36 131 213
Total Assets 14 30 36 51 94 209 296

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
3 11 2 5 35 21
-10 -9 -11 -4 -31 -23
7 5 4 9 7 35
Net Cash Flow -0 7 -6 10 11 33

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 57 36 46 4 24 101
Inventory Days
Days Payable
Cash Conversion Cycle 57 36 46 4 24 101
Working Capital Days 1 -276 -14 61 -15 55
ROCE % 24% 27% 30% 50% 55%

Shareholding Pattern

Numbers in percentages

7 Recently
Mar 2021Sep 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
73.27% 73.27% 73.27% 73.27% 72.30% 67.09% 67.09% 67.09% 67.09% 67.09%
0.00% 0.00% 0.00% 0.00% 0.09% 0.60% 0.62% 0.58% 0.33% 0.17%
26.73% 26.73% 26.73% 26.73% 27.61% 32.32% 32.29% 32.33% 32.58% 32.73%
No. of Shareholders 4653612944325988458861,0301,7601,963

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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