Posted on October 13, 2025
Synopsis:
Knowledge Marine & Engineering Works Limited has received a work order worth Rs.127.12 crores from the Inland Waterways Authority of India for the procurement of four Cutter Suction Dredgers along with Work Boats and Accommodation Boats.
The shares of a small-cap firm that offers dredging services and owning, operating, repairing, maintaining, and refitting marine vessels and related infrastructure has drawn market attention after receiving a work order worth Rs.127.12 crores.
With a market capitalization of Rs.2,561.62 crore, the shares of Knowledge Marine & Engineering Works Limited closed at Rs.2,371.75, down by 0.68 percent from the previous day’s closing price of Rs.2,389.10.
Work Order
Knowledge Marine & Engineering Works Limited has secured a work order worth Rs.127.12 crores from the Inland Waterways Authority of India, making its fifth order from them. The order includes designing, construction and supply of four cutter suction dredgers along with work boats and accommodation boats.
The project will be executed in two phases over 18 months. In the first phase, the company will deliver 2 Cutter Suction Dredgers, 2 Work Boats, and 2 Accommodation Boats within 14 months, with the remaining vessels supplied in the second phase by 18 months.
These vessels are part of the Capacity Augmentation of National Waterway-1 (River Ganga) under the Jal Vikas Marg Project, aimed at improving inland waterway infrastructure and navigability.
About the company & Others
Knowledge Marine & Engineering Works Limited operates in marine craft ownership and operations, dredging, and the repair and maintenance of vessels and marine infrastructure. The company offers a range of marine engineering solutions, including port dredging, ship repair and refits, hydrographic and magnetometer surveys.
The company holds a multi-million rupee order book from prestigious clients such as the Ministry of External Affairs, Kolkata Port Trust, Visakhapatnam Port Trust, Deendayal Port Trust, Paradip Port Trust, Dredging Corporation of India, and several other ports.
KMEW Group is also expanding into shipbuilding and ship repair to create new business opportunities. This move allows the company to diversify revenue streams and reduce dependence on traditional shipbuilding and dry-docking services.
By producing ancillary crafts in-house, KMEW can lower costs, improve margins, and strengthen self-reliance, enabling it to bid independently for shipbuilding contracts. Moreover, integrating shipbuilding with its existing dredging and marine services enhances operational efficiency and generates synergies across the business.
The company’s revenue went up from Rs.43 crore in Q1FY25 to Rs.48 crore in Q1FY26. Net profit went up from Rs.10 crore in Q1FY25 to Rs.11 crore in Q1FY26. Its return on equity is 25.8 percent, and return on capital is 24.7 percent. With a P/E ratio of 50.20,with the industry average of 50.
