Synopsis:
Knowledge Marine and Engineering Works Limited secures ₹80.69 crore IWAI order to build 6 Work and 6 Accommodation Boats for the National Waterway-1 project over 20 months.
This Ashish Kacholia stock, engaged in dredging, owning, operating, chartering, manning, and technical maintenance of marine crafts, as well as repair and maintenance of marine infrastructure in India and Myanmar, jumped 3 percent after receiving an order worth Rs. 80.69 crore from the Inland Waterways Authority of India (IWAI) for supply boat work.
With a market capitalization of Rs. 1,777.84 crores, the share of Knowledge Marine and Engineering Works Limited has reached an intraday high of Rs. 1,727 per equity share, rising nearly 2.96 percent from its previous day’s close price of Rs. 1,677.35. Since then, the stock has retreated and is currently trading at Rs. 1,646 per equity share.
What is the news?
Knowledge Marine and Engineering Works Limited (KMEW) has received a major work order from the Inland Waterways Authority of India (IWAI) worth Rs. 80.69 crore.
Under this contract, KMEW will design, construct, and supply 6 Work Boats and 6 Accommodation Boats over 20 months. These boats will be used for the “Capacity Augmentation of National Waterway-1 (River Ganga) Project.” This marks a significant achievement, as it is the company’s first third-party commercial shipbuilding contract.
This order highlights KMEW’s formal entry into the commercial shipbuilding sector beyond its in-house needs. Previously focused on dredging and ship repairs, the company is now expanding into building vessels for external clients.
Further, the management believes this will boost revenue, utilize their newly acquired shipyard effectively, and strengthen their presence in India’s growing marine infrastructure sector. It also aligns with the government’s focus on promoting inland water transport and “Make in India” initiatives.
Order Book
As of May 2025, Knowledge Marine & Engineering Works Limited (KMEW) reported a total unexecuted order book of Rs. 881 crore. This includes Rs. 733 crore from the existing order book as of May 2024, Rs. 353 crore in new orders won between February and May 2025, and Rs. 201 crore worth of orders have been executed during the same period.
Company Overview
Knowledge Marine and Engineering Works Limited (KMEW) was incorporated in 2015 and is an Indian company specializing in dredging operations, including owning, operating, chartering, and technical maintenance of marine crafts and infrastructure. The company operates primarily in India, with activities also in Myanmar and Bahrain, focusing on maritime and inland waterway infrastructure development and maintenance.
Knowledge Marine and Engineering Works Limited (KMEW) serves a strong and diverse client base, including major port authorities such as Paradip, Vizag, Mumbai, Tuticorin, Deendayal, Kolkata, and New Mangalore. Key clients also include IWAI, Dredging Corporation of India, Myanmar Port Authority, NASS Corporation, and Haji Hassan Group.
Shareholding Pattern
In June 2025, Knowledge Marine and Engineering Works Limited had a majority stake held by the promoters at 60.69 percent, foreign institutional investors at 0.48 percent, domestic institutional investors at 0.15 percent, and the public at 38.67 percent.
In the public holding, Ace Investors Ashish Kacholia holds a 2.78 percent stake in Knowledge Marine and Engineering Works Limited, valued at Rs. 51 crores, consisting of 3 lakh shares.
Financial Highlights
Knowledge Marine and Engineering Works Limited’s revenue has increased from Rs. 41 crore in Q4 FY24 to Rs. 47 crore in Q4 FY25, which has grown by 14.63 percent. The net profit has also grown by 57.14 percent from Rs. 7 crore in Q4 FY24 to Rs. 11 crore in Q4 FY25.
Knowledge Marine and Engineering Works Limited’s revenue and net profit have grown at a CAGR of 52.97 percent and 58.49 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE stand at 24.7 percent and 25.8 percent, respectively. Knowledge Marine and Engineering Works Limited has an earnings per share (EPS) of Rs. 46.1, and its debt-to-equity ratio is 0.61x.
Written By – Nikhil Naik
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