Knowledge Marine & Engineering Works Ltd
KMEW NSE
Knowledge Marine & Engineering Works Ltd
Engineering ServicesNSE: KMEW BSE: 543273 Dredging
Key Fundamentals
MicrocapDredgingEngineering ServicesMarket Cap
₹6,612 Cr
Volatility
Moderate
P/E Ratio
50.14
EBITDA
₹96.75 Cr
Return on Equity
22.56%
Debt to Equity
0.39
Book Value
₹289.74
52W High
₹2,999.9
52W Low
₹825.1
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Knowledge Marine & Engineering Works Ltd insights
42 extracted metrics + investor summaries across FY18–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
3- 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%
Weaknesses
4- Stock is trading at 11.8 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -3.64%
- Tax rate seems low
Growth Rate
Revenue Growth
24.47% ↘
Net Income Growth
46.07% ↘
Cash Flow Change
50.78% ↗
ROE
25.82% ↘
ROCE
18.58% ↘
EBITDA Margin (Avg.)
-12.15% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 42d agoAI opinion · based on fundamentals
Risk high
Knowledge Marine & Engineering Works Ltd is a services sector company with a market cap of ₹5,512 Cr trading at a PE of 70x and 9.46x book value. The company has delivered strong 5-year profit CAGR of 64% and 5-year sales CAGR of 50%, while its stock has appreciated 174% in the last 1 year. ROE stands at 20% for the last year with a 3-year average of 22%.
Bull Case 8
- Exceptional 5-year compounded profit growth of 64% CAGR indicates strong earnings momentum
- 5-year compounded sales growth of 50% CAGR demonstrates sustained revenue expansion in the marine services segment
- TTM profit growth of 59% shows continued acceleration in earnings on a larger base
- Consistent ROE track record with 3-year ROE at 22% and 5-year ROE at 26%, indicating efficient capital deployment
- TTM sales growth of 28% suggests ongoing demand for marine engineering services
- Stock CAGR of 61% over 3 years reflects sustained market re-rating aligned with earnings delivery
- Company is expected to deliver a good upcoming quarter based on operational trends
- Zero debt-to-equity (not reported as a concern) and self-funded growth model supports financial resilience
Bear Case 8
- PE ratio of 70x is significantly elevated, pricing in substantial future growth and leaving little margin of safety
- Stock trading at 9.46x book value indicates a steep premium to asset base, making valuation vulnerable to any earnings miss
- Promoter holding has decreased by 13.5% over the last 3 years, signaling potential dilution or reduced insider confidence
- Zero dividend yield despite repeated profitability suggests shareholders are not receiving direct returns
- 1-year stock CAGR of 174% far exceeds TTM profit growth of 59%, indicating price has run ahead of fundamentals
- 3-year sales CAGR of only 8% compared to 5-year CAGR of 50% suggests a period of revenue deceleration in recent years
- Tax rate appears low, which if normalized could compress net margins going forward
- Limited 10-year operating history data available makes long-term consistency difficult to assess
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 42d ago Headwinds 2
- Promoters sell 5.12 lakh shares Jun 21
Promoters sold 5,12,820 equity shares via open market on June 19, 2026, signaling potential insider profit-taking.
- Institutions oppose related party deals Jul 6
Public institutions largely opposed material related party transactions with Knowledge Shipyard Private Limited for FY26 and FY27, though resolutions passed with over 93% votes in favour.
Positives 2
- ₹3,000 Cr bid pipeline, full utilization Jun 21
KMEW reported a ₹3,000 crore bid pipeline with 100% fleet utilization, while expanding shipyard and green tug capacity.
- ₹66.11 Cr IWAI hybrid ferry order Jun 20
Secured ₹66.11 Cr order from IWAI for 10 hybrid electric ferries with 10-month construction and 60-month maintenance contract.
Neutral 3
- Shareholders approve RPT resolutions Jul 6
Three resolutions passed via postal ballot including material related party transactions with Knowledge Shipyard and increased Section 186 investment limits, with over 93% votes in favour.
- Promoters hold 1.31 Cr shares unencumbered Jun 15
Promoters held 1.31 crore equity shares as of March 31, 2026, with no shares encumbered during FY26.
- Investor meet hosted June 19 Jun 9
KMEW hosted a virtual analyst meet on June 19, 2026 at 4:00 PM IST.
TL;DR: KMEW is executing well with 100% fleet utilization, a strong ₹3,000 Cr bid pipeline, and new order wins in the hybrid electric vessel space. Key risks include promoter share sales and institutional pushback on related party transactions with group entities. The growth trajectory appears intact with expanding capacity and green energy pivot, though governance concerns around RPTs warrant monitoring.
Quarterly Results
| Sep 2022 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 123 | 16 | 41 | 43 | 52 | 58 | 47 | 48 | 50 | 90 | 68 | 115 |
| Expenses | 88 | 12 | 31 | 27 | 31 | 33 | 31 | 29 | 30 | 51 | 49 | 42 |
| Operating Profit | 35 | 4 | 10 | 16 | 21 | 25 | 17 | 20 | 20 | 39 | 19 | 73 |
| OPM % | 28% | 25% | 24% | 37% | 40% | 43% | 35% | 41% | 40% | 43% | 27% | 64% |
| Other Income | 0 | 0 | 2 | 0 | 1 | 1 | 3 | 1 | 1 | 3 | 11 | 3 |
| Interest | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 4 | 4 | 3 | 4 | 5 |
| Depreciation | 2 | 1 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 8 | 6 |
| PBT | 32 | 2 | 8 | 12 | 17 | 19 | 14 | 13 | 14 | 35 | 17 | 65 |
| Tax % | 26% | 32% | 13% | 13% | 25% | 19% | 23% | 17% | 13% | 5% | -36% | 4% |
| Net Profit | 24 | 1 | 7 | 10 | 13 | 16 | 11 | 11 | 12 | 33 | 24 | 63 |
| 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 | 25.09 |
Profit & Loss
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11 | 11 | 24 | 33 | 61 | 202 | 164 | 201 | 256 | 323 |
| Expenses | 8 | 6 | 16 | 20 | 29 | 133 | 114 | 122 | 159 | 173 |
| Operating Profit | 3 | 4 | 8 | 13 | 32 | 69 | 50 | 78 | 97 | 151 |
| OPM % | 24% | 41% | 32% | 40% | 53% | 34% | 30% | 39% | 38% | 47% |
| Other Income | 0 | 0 | 0 | 0 | 1 | 1 | 3 | 5 | 16 | 18 |
| Interest | 0 | 1 | 1 | 2 | 2 | 2 | 4 | 10 | 15 | 16 |
| Depreciation | 0 | 1 | 2 | 2 | 2 | 4 | 8 | 11 | 19 | 21 |
| PBT | 2 | 3 | 5 | 9 | 28 | 63 | 41 | 62 | 79 | 131 |
| Tax % | 34% | 10% | 20% | 28% | 25% | 26% | 25% | 20% | 0% | — |
| Net Profit | 1 | 3 | 5 | 7 | 21 | 48 | 31 | 50 | 79 | 131 |
| EPS in Rs | — | 3.8 | 9.08 | 3.18 | 9.93 | 21.99 | 14.13 | 22.96 | 32.24 | 53.45 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| 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 |
| Borrowings | 7 | 11 | 16 | 17 | 26 | 25 | 60 | 133 | 222 |
| Other Liabilities | 5 | 12 | 9 | 7 | 20 | 50 | 32 | 48 | 28 |
| Total Liabilities | 14 | 30 | 36 | 51 | 94 | 209 | 259 | 399 | 820 |
| Fixed Assets | 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 |
| Other Assets | 3 | 9 | 7 | 20 | 36 | 131 | 110 | 129 | 510 |
| Total Assets | 14 | 30 | 36 | 51 | 94 | 209 | 259 | 399 | 820 |
Cash Flow
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating | 3 | 11 | 2 | 5 | 35 | 21 | 38 | 58 | 74 |
| Investing | -10 | -9 | -11 | -4 | -31 | -23 | -72 | -127 | -379 |
| Financing | 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 | -45 |
| CFO/OP | 133 | 268 | 32 | 51 | 126 | 53 | 95 | 87 | 89 |
Ratios
| 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 |
| 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% |
Documents
1
Announcement under Regulation 30 (LODR)-Press Release / Media Release
4 May - KMEW acquired ~15 acres waterfront land in Saphale, Palghar, with 5-acre option, for a shipyard. 4 May - KMEW acquired ~15 acres waterfront land in Saphale, Palghar, with 5-acre option, for a shipyard.
2
Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)
4 May - KMEW acquired ~15 acres waterfront land at Saphale, Palghar, with 5-acre option, for a new shipyard. 4 May - KMEW acquired ~15 acres waterfront land at Saphale, Palghar, with 5-acre option, for a new shipyard.
3
Clarification With Respect To Significant Increase In The Volume Of Security
28 Apr - Company says recent trading volume increase is market-driven, with no internal event disclosed. 28 Apr - Company says recent trading volume increase is market-driven, with no internal event disclosed.
4
Announcement under Regulation 30 (LODR)-Press Release / Media Release
4 May - KMEW acquired ~15 acres waterfront land in Saphale, Palghar, with 5-acre option, for a shipyard. 4 May - KMEW acquired ~15 acres waterfront land in Saphale, Palghar, with 5-acre option, for a shipyard.
5
Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)
4 May - KMEW acquired ~15 acres waterfront land at Saphale, Palghar, with 5-acre option, for a new shipyard. 4 May - KMEW acquired ~15 acres waterfront land at Saphale, Palghar, with 5-acre option, for a new shipyard.
Frequently Asked Questions about Knowledge Marine & Engineering Works Ltd
What does Knowledge Marine & Engineering Works Ltd do?
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]
Where is Knowledge Marine & Engineering Works Ltd (KMEW) listed?
Knowledge Marine & Engineering Works Ltd is listed on the Indian stock exchanges. It is listed on NSE: KMEW and BSE: 543273. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Knowledge Marine & Engineering Works Ltd belong to?
Knowledge Marine & Engineering Works Ltd operates in the Engineering Services sector within the Dredging industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Knowledge Marine & Engineering Works Ltd?
Knowledge Marine & Engineering Works Ltd has a market capitalisation of approximately ₹6612.38 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Knowledge Marine & Engineering Works Ltd?
The Price-to-Earnings (PE) ratio of Knowledge Marine & Engineering Works Ltd is 50.14. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Knowledge Marine & Engineering Works Ltd?
Over the past 52 weeks, Knowledge Marine & Engineering Works Ltd has traded between a low of ₹825.1 and a high of ₹2,999.9. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Knowledge Marine & Engineering Works Ltd?
Knowledge Marine & Engineering Works Ltd has a Return on Equity (ROE) of 22.56%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Knowledge Marine & Engineering Works Ltd on Tapetide?
On Tapetide, you can view Knowledge Marine & Engineering Works Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
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]