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 ₹ 2,612 Cr.
- Current Price ₹ 2,418
- High / Low ₹ 2,650 / 1,264
- Stock P/E 51.1
- 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 12.0 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: | 54% |
| 1 Year: | 29% |
| 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
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Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
9h - On Oct 30, 2025, three Infinity entities acquired 1,263,158 shares (~10.27% diluted) via preferential allotment.
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Board Meeting Outcome for Allotment Of Equity Shares Of Rs. 10/- Each And Warrants Convertible Into Equity Shares Of Rs. 10/- Each Of The Knowledge Marine & Engineering Works Limited On A Preferential Basis
1d - Preferential allotment: 14,21,054 shares and 77,946 warrants at Rs1,900; proceeds Rs270.00cr and Rs14.81cr on Oct 30, 2025.
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Announcement under Regulation 30 (LODR)-Allotment
1d - Allotment of 14,21,054 shares and 77,946 warrants at ₹1,900 each, raising ~₹284.8 crore on Oct 30, 2025.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
27 Oct - LOI: ₹385.76 Cr for 60-ton electric tug at VOCPA, 15-year hiring/management contract
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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.
Annual reports
Concalls
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Jun 2025TranscriptNotesPPT
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Feb 2025TranscriptNotesPPT
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Nov 2024TranscriptNotesPPT
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Jun 2024Transcript PPT
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Nov 2023Transcript PPT REC
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Jun 2023Transcript PPT
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Nov 2022Transcript PPT
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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.