Knowledge Marine & Engineering Works Ltd

Knowledge Marine & Engineering Works Ltd

₹ 2,878 4.97%
27 Nov 10:40 a.m.
About

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]

Key Points

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.

  • Market Cap 3,518 Cr.
  • Current Price 2,878
  • High / Low 3,075 / 1,264
  • Stock P/E 98.2
  • Book Value 195
  • Dividend Yield 0.00 %
  • ROCE 23.8 %
  • ROE 19.8 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 58.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.0%

Cons

  • Stock is trading at 14.1 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -7.06%
  • Debtor days have increased from 95.2 to 118 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
117 14 23 30 41 42 36 34 47
84 10 20 18 26 25 23 20 28
Operating Profit 34 4 3 11 15 18 13 14 19
OPM % 29% 32% 13% 38% 36% 42% 37% 40% 40%
0 0 2 0 1 1 3 1 1
Interest 1 1 1 1 1 3 2 2 4
Depreciation 2 1 1 2 2 2 2 3 4
Profit before tax 31 3 2 9 13 14 12 9 12
Tax % 26% 31% 38% 19% 31% 26% 28% 25% 14%
23 2 2 7 9 10 9 7 10
EPS in Rs 22.61 1.74 1.41 6.57 8.51 9.31 7.99 6.60 9.26
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
9 6 17 26 49 195 139 149 159
7 4 11 14 20 127 99 92 96
Operating Profit 2 2 6 12 30 68 41 57 63
OPM % 22% 32% 34% 45% 60% 35% 29% 38% 40%
0 0 1 0 0 1 3 5 5
Interest 0 0 1 1 2 2 3 7 11
Depreciation 0 0 1 2 2 4 5 8 11
Profit before tax 2 1 4 9 26 63 35 48 47
Tax % 34% 24% 19% 28% 26% 26% 29% 27%
1 1 3 7 19 47 25 35 36
EPS in Rs 1,150.00 3.92 13.80 6.37 19.03 43.14 23.04 32.39 33.16
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 54%
3 Years: 44%
TTM: 48%
Compounded Profit Growth
10 Years: %
5 Years: 59%
3 Years: 22%
TTM: 82%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 49%
1 Year: 32%
Return on Equity
10 Years: %
5 Years: 29%
3 Years: 26%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 0.01 2 2 10 10 11 11 11 11
Reserves 2 3 6 15 35 120 148 183 200
3 9 14 11 21 24 10 94 146
4 10 5 4 16 47 27 43 80
Total Liabilities 8 24 27 41 81 202 196 331 437
6 8 23 24 49 56 65 120 190
CWIP 0 8 0 3 2 8 12 50 27
Investments 1 1 2 1 4 12 29 62 49
1 8 3 13 27 126 89 99 170
Total Assets 8 24 27 41 81 202 196 331 437

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1 8 30 18 45 40
-9 -5 -29 -24 -32 -128
2 6 7 41 -21 77
Net Cash Flow -7 9 9 35 -8 -11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 34 14 22 7 24 108 59 118
Inventory Days 0
Days Payable
Cash Conversion Cycle 34 14 22 7 24 108 59 118
Working Capital Days 5 -398 -147 -43 -90 19 30 9
ROCE % 16% 29% 35% 55% 59% 24% 24%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Oct 2025
67.09% 67.09% 67.09% 67.09% 67.09% 60.61% 60.66% 60.69% 60.69% 60.69% 60.69% 53.63%
0.60% 0.62% 0.58% 0.33% 0.17% 1.20% 1.03% 0.82% 0.61% 0.48% 0.74% 10.88%
0.00% 0.00% 0.00% 0.00% 0.00% 2.18% 2.85% 2.24% 1.92% 0.15% 0.15% 0.14%
32.32% 32.29% 32.33% 32.58% 32.73% 36.01% 35.46% 36.26% 36.78% 38.67% 38.41% 35.34%
No. of Shareholders 8458861,0301,7601,9632,1682,3453,9494,5136,0067,5038,436

* 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.

Documents

Concalls