Knowledge Marine & Engineering Works Ltd

Knowledge Marine & Engineering Works Ltd

₹ 1,842 -3.80%
05 Jun 3:58 p.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 4,505 Cr.
  • Current Price 1,842
  • High / Low 2,285 / 763
  • Stock P/E 57.2
  • Book Value 233
  • Dividend Yield 0.00 %
  • ROCE 16.3 %
  • ROE 20.0 %
  • Face Value 5.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 64.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 21.6%

Cons

  • Stock is trading at 7.90 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Promoter holding has decreased over last 3 years: -13.5%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
123 16 41 43 52 58 47 48 50 90 68
88 12 31 27 31 33 31 29 30 51 49
Operating Profit 35 4 10 16 21 25 17 20 20 39 19
OPM % 28% 25% 24% 37% 40% 43% 35% 41% 40% 43% 27%
0 0 2 0 1 1 3 1 1 3 11
Interest 1 1 2 2 2 3 3 4 4 3 4
Depreciation 2 1 2 3 3 3 3 3 4 4 8
Profit before tax 32 2 8 12 17 19 14 13 14 35 17
Tax % 26% 32% 13% 13% 25% 19% 23% 17% 13% 5% -36%
24 1 7 10 13 16 11 11 12 33 24
EPS in Rs 11.52 0.68 3.38 4.77 5.82 7.38 5.04 5.22 5.19 12.45 10.72
Raw PDF

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 Mar 2026
11 11 24 33 61 202 164 201 256
8 6 16 20 29 133 114 122 160
Operating Profit 3 4 8 13 32 69 50 78 97
OPM % 24% 41% 32% 40% 53% 34% 30% 39% 38%
0 0 0 0 1 1 3 5 16
Interest 0 1 1 2 2 2 4 10 15
Depreciation 0 1 2 2 2 4 8 11 19
Profit before tax 2 3 5 9 28 63 41 62 79
Tax % 34% 10% 20% 28% 25% 26% 25% 20% -0%
1 3 5 7 21 48 31 50 79
EPS in Rs 3.80 9.08 3.18 9.93 21.99 14.13 22.96 32.24
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 50%
3 Years: 8%
TTM: 28%
Compounded Profit Growth
10 Years: %
5 Years: 64%
3 Years: 18%
TTM: 59%
Stock Price CAGR
10 Years: %
5 Years: 137%
3 Years: 49%
1 Year: 140%
Return on Equity
10 Years: %
5 Years: 26%
3 Years: 22%
Last Year: 20%

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 Mar 2026
Equity Capital 0.01 2 2 10 10 11 11 11 12
Reserves 2 4 8 17 37 123 157 207 558
7 11 16 17 26 25 60 133 222
5 12 9 7 20 50 32 48 28
Total Liabilities 14 30 36 51 94 209 259 399 820
11 12 27 28 53 59 108 159 211
CWIP 0 8 0 3 2 8 12 50 99
Investments 0 1 1 0 3 11 29 60 0
3 9 7 20 36 131 110 129 510
Total Assets 14 30 36 51 94 209 259 399 820

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 Mar 2026
3 11 2 5 35 21 38 58 -200
-10 -9 -11 -4 -31 -23 -72 -127 -104
7 5 4 9 7 35 28 64 347
Net Cash Flow -0 7 -6 10 11 33 -5 -6 42
Free Cash Flow -8 2 10 2 8 4 -20 -43 -319
CFO/OP 133% 268% 32% 51% 126% 53% 95% 87% -195%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 57 36 46 4 24 101 86 131 109
Inventory Days
Days Payable
Cash Conversion Cycle 57 36 46 4 24 101 86 131 109
Working Capital Days -73 -365 -92 3 -71 19 31 -34 -67
ROCE % 24% 27% 30% 50% 55% 23% 25% 16%

Insights

In beta
Mar 2023 May 2024 Sep 2025
Order Book Value
INR Crores

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Number of Marine Assets / Vessels
Number
Dredged Quantity (Historical Projects)
Million Cum
National Waterway Maintenance Coverage
Kilometers
Target Market Share in Dredging Business
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

9 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
67.09% 67.09% 67.09% 67.09% 60.61% 60.66% 60.69% 60.69% 60.69% 60.69% 53.63% 53.63%
0.62% 0.58% 0.33% 0.17% 1.20% 1.03% 0.82% 0.61% 0.48% 0.74% 11.00% 11.75%
0.00% 0.00% 0.00% 0.00% 2.18% 2.85% 2.24% 1.92% 0.15% 0.15% 0.46% 1.71%
32.29% 32.33% 32.58% 32.73% 36.01% 35.46% 36.26% 36.78% 38.67% 38.41% 34.92% 32.91%
No. of Shareholders 8861,0301,7601,9632,1682,3453,9494,5136,0067,50313,16815,365

* 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.

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Documents

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