Shares of Knowledge Marine & Engineering Works climbed 4.42% on Thursday after ace investor Ashish Kacholia increased his stake in the company. The company’s shares reached an intraday high of ₹ 1048.95 apiece and were trading at ₹ 1040.00 apiece, up 3.53% at 02:42 PM on Thursday.
The company recently filed the shareholding pattern for the quarter ended March 31, 2023. According to the data available on the exchanges, ace investor Ashish Kacholia has increased his stake in the company from 2.30% in the December quarter of 2022 to 2.50% in the latest quarter. The number of shares that he holds in the company have also increased from 2,50,000 shares to 2,70,000 shares.
Ashish Kacholia is an Indian ace investor and is known for avoiding media cycles and staying away from interviews and journalists. Fondly called the “big-whale”, his portfolio tends to lean towards small-cap and mid-cap stocks.
Knowledge Marine & Engineering Works is a multibagger stock as its share price has risen by 352% in the past year from ₹ 230.00 to ₹ 1040.00 apiece. Therefore, if an investor would have invested ₹ 1 lakh in the company’s shares a year ago, the value of their holdings would have been ₹ 4.52 lakhs today!
The company 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.
With a market capitalization of ₹ 1085 crores, it is a small-cap stock. The company has a high return on equity of 52.39% and an ideal debt to equity ratio of 0.26. However, its shares were trading at a price to earnings ratio of 27.07, which is significantly higher than the industry P/E of 1.28, indicating that the stock is overvalued as compared to its peers, or they are willing to pay a higher price for the company’s future earnings.
Written by Simran Bafna
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