Posted on September 25, 2024
Incorporated in 2015, Knowledge Marine & Engineering Works Ltd is a Small-Cap company that provides dredging services, owns and operates marine craft, and offers repair, maintenance, and refitting services for marine crafts and infrastructure.
Knowledge Marine & Engineering Works Ltd has been awarded a work order from the Mumbai Port Authority to hire two patrol boats with a speed of no less than 20 knots. The contract is for seven years and is valued at Rs 19,27,09,393 (Nineteen Crores Twenty-Seven Lakhs Nine Thousand Three Hundred Ninety-Three Rupees Only), including GST.
On Friday, the shares of KMEW closed at around Rs 1823.95 per share on the BSE. The company’s current market capitalization stands at Rs 1970.05 crore. Additionally, the shares have delivered a multibagger return of over 4000 per cent in the past 3 years.
The company doesn’t declare Quarterly Results and as per half-yearly results, in March 2024, Knowledge Marine & Engineering Works Ltd recorded a revenue of Rs 57 crore compared to Rs 79 crore. The operating profit stood at Rs 14 crore. The net profit stood at Rs 9 crore compared to a profit of Rs 23 crore. Looking at the annual performance, the company generated a revenue of Rs 164 crore in FY24. The operating profit for FY24 was Rs 69 crore with a net profit of Rs 33 crore compared to a net profit of Rs 47 crore in FY23.
According to the shareholding pattern of the company, the promoters hold a significant 60.61 per cent stake. Public investors own 36.01 per cent of the shares, while Foreign Institutional Investors (FIIs) hold 1.20 per cent which was earlier 0.17 per cent and Domestic Institutional Investors (DIIs) own 2.18 per cent.
