Knowledge Marine & Engineering Works Limited (KMEW)

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Knowledge Marine & Engineering Works Limited (KMEW) · mywealthgrid

About

Knowledge Marine & Engineering Works operates in dredging, an engineering services speciality within the industrials sector. Market cap ₹6,663.15 Cr; latest quarter revenue ₹115.41 Cr with operating margins of 61–63%, well above the stated 37.76% average. Stock has delivered 227% returns over the past year.

Face value: ₹5

Market cap

₹7,198 Cr

P/E

55.2×

P/B

12.6×

Dividend yield

ROE

20%

ROCE

19.1%

Debt / equity

0.39

OPM

37.8%

EPS (TTM)

₹53.3

Book value

₹233.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Valuation at PE 51.11 is elevated—verify earnings quality and whether current margin levels are sustainable
Margin volatility: latest quarter at 61–63% OPM far exceeds prior quarters (27–42% range) and stated average—clarify if project-specific or sustainable
Revenue lumpiness: quarters ranged ₹46.61–₹115.41 Cr in the past nine months—verify project pipeline depth and contract visibility
Capital intensity: while D/E ratio 0.39 is moderate, verify capex requirements and covenant headroom typical for dredging operations

Generated analysis · source review pending

Growth drivers

Revenue has grown from ₹46.61 Cr (Sep 2025) to ₹115.41 Cr (Jun 2026)—verify if driven by new contract wins or market share capture versus cyclical recovery
Operating margin at 61–63% far exceeds historical 27–42% range—researcher should verify if project mix, scale, or operational efficiency changes are driving this step-up
ROE 20.01% combined with above-average margins indicates capital deployment efficiency—verify reinvestment plans and capex cycle to sustain returns

Generated analysis · source review pending

551 historical price candles were omitted because the exchange source has not been verified.

₹2,950.1-3.7%1Y

Quick read

rule-based

Pros

+High return on capital employed of 22.6%
+Healthy operating margin of 37.8%

Cons

−Trading at 12.6× book value
−Promoter holding fell 9.1 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

57/100

Business quality: 65
Growth: 100
Valuation: 5

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

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Firstsource Solutions LimitedFSLFSL	₹17,453 Cr	₹19,390 Cr	₹10,064 Cr	₹1,660 Cr	16.3%	₹671 Cr	7.1%	19.9%	15.9%	54
Eclerx Services LimitedECLERXECLERX	₹16,965 Cr	₹16,965 Cr	₹4,335 Cr	₹1,096 Cr	25.5%	₹729 Cr	17.2%	34.3%	29%	78
Shadowfax Technologies LimitedSHADOWFAXSHADOWFAX	₹15,982 Cr	₹15,982 Cr	₹4,202 Cr	₹212 Cr	5%	₹112 Cr	2.7%	9.6%	10.4%	10
Central Mine Planning & Design Institute LimitedCMPDICMPDI	₹14,593 Cr	₹14,593 Cr	₹2,317 Cr	₹778 Cr	33.6%	₹613 Cr	26.5%	34.6%	26.9%	-3,226

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2024	Mar 2025	Mar 2026
	164	201	256
COGS	99	95	127
Gross profit	65	106	129
	15	27	32
	50	78	97
OPM %	30.5%	39%	37.8%
Depreciation	8	11	19
Interest	4	10	15
	3	5	16
Profit before tax	41	62	79
Tax	10	13	-0
Tax %	25.2%	20.3%	-0.4%
	31	50	79
PAT margin %	18.7%	24.7%	30.9%
EPS (₹)	28.3	46.1	34.6
EPS adjusted (₹)	14.1	6.9	32.2
Annual report	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	10	10	11	11	11	12
Reserves	17	37	121	157	207	558
Minority interest	—	—	3	3	2	3
	17	26	24	60	133	222
	7	20	51	29	45	25
Total equity & liabilities	51	94	209	259	399	820
	28	53	59	108	159	211
CWIP	3	2	8	12	50	99
Investments	—	—	12	29	60	0
	20	39	130	110	129	510
Total assets	51	94	209	259	399	820

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	35	21	34	58	74
	-31	-23	-72	-127	-379
	7	35	32	64	347
Net cash flow	11	33	-5	-6	42
Free cash flow	—	—	-11	-5	-45
CFO / Operating profit %	—	—	69%	74%	76.8%

Compounded sales growth

7 years: —
5 years: —
3 years: —
1 year: 28%

Compounded profit growth

7 years: —
5 years: —
3 years: —
1 year: 60%

Return on equity

7 years: —
5 years: —
3 years: 18%
Last year: 14%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Dredging and Ancillary Services	193.5	60.87	780.14	766.64	13.5	450.89
Ship Building and Repairing	53.26	9.67

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	39.6%	52.6%	50.4%
EBITDA margin %	30.5%	39%	37.8%
EBIT margin %	25.4%	33.3%	30.5%
PAT margin %	18.7%	24.7%	30.9%
Working capital
Receivable days	86	131	109
Inventory days	5	4	13
Payable days	45	88	56
NWC days	46	46	66
Leverage
Current ratio	2.56	1.25	1.22
Debt to EBITDA	1.21	1.71	2.29
Debt to equity	0.36	0.61	0.39
Interest coverage	11.4	7.4	6.3
Asset turnover	0.63	0.5	0.31
Return ratios
Return on assets %	11.8%	12.4%	9.6%
Return on capital employed %	20.5%	28%	19.1%
Return on equity %	18.2%	22.8%	13.9%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	67.09%	67.09%	67.09%	60.61%	60.66%	60.69%	60.69%	60.69%	60.69%	53.63%	53.63%	51.56%
	0.58%	0.34%	0.17%	1.2%	1.04%	0.82%	0.61%	0.49%	0.75%	10.99%	11.75%	12.11%
	0%	0%	0%	2.18%	2.85%	2.24%	1.92%	0.15%	0.15%	0.45%	1.72%	1.54%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	32.33%	32.57%	32.74%	36.01%	35.45%	36.25%	36.78%	38.67%	38.41%	34.93%	32.9%	34.79%
No. of shareholders	—	—	—	—	—	—	—	—	7,503	13,168	15,365	22,941

Promoter holding down 15.53 percentage points since Jun 2023.

49 deals · 11 Oct 2021 – 19 Jun 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
19 Jun 2026	SBI FUNDS MANAGEMENT LIMITED	Bulk	BSE	Buy	4,00,036	₹1,963.17	₹78.53 Cr
19 Jun 2026	KANAK SUJAY KEWALRAMANI	Bulk	BSE	Sell	3,45,620	₹1,962.52	₹67.83 Cr
19 Jun 2026	DINESH MOHANLAL KEWALRAMANI	Bulk	BSE	Sell	1,67,200	₹1,962.00	₹32.80 Cr
15 Sept 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	71,900	₹2,323.79	₹16.71 Cr
15 Sept 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	71,900	₹2,321.65	₹16.69 Cr
24 Jun 2025	BANDHAN MUTUAL FUND	Bulk	NSE	Sell	1,67,090	₹1,705.00	₹28.49 Cr
24 Jun 2025	MANSI SHARE AND STOCK BROKING PRIVATE LIMITED	Bulk	NSE	Buy	60,800	₹1,705.00	₹10.37 Cr
24 Jun 2025	MANSI SHARE AND STOCK BROKING PRIVATE LIMITED	Bulk	NSE	Sell	60,800	₹1,702.30	₹10.35 Cr
24 Jun 2025	SETU SECURITIES PVT LTD	Bulk	NSE	Buy	58,976	₹1,702.30	₹10.04 Cr
8 Feb 2024	BANDHAN MUTUAL FUND	Bulk	BSE	Buy	1,47,500	₹1,580.50	₹23.31 Cr

1–10 of 49

1 / 5

Mrs. Kanak KewalramaniExecutive Director-Chairperson
Mr. Saurabh DaswaniExecutive Director-MD
Mr. Shailesh BhambhaniNon-Executive - Independent Director
Mr. Ashish MohandasNon-Executive - Independent Director
Mrs. Sneha DevckarNon-Executive - Independent Director
Mr. Hemant Kumar SibalNon-Executive - Non Independent Director
Avdhoot KotwalCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 2 fund houses

Held by these funds

of the company's equity

All mutual funds

1.46%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

4 schemes · 2 fund houses

		Shares
SMALL CAP FUNDNEW	Bank of India Mutual Fund	1.38 L	40.23	1.22%	0.564%	—
Aggressive Hybrid FundNEW	Bank of India Mutual Fund	91,718	26.82	1.31%	0.376%	—
Multi Asset Allocation Fund	Bank of India Mutual Fund	15,000	4.39	1.16%	0.061%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	22	0.01	0.01%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results14 Aug 2026

1

Face value ₹10 → ₹522 Dec 2025 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

28 announcementsExport CSV

30 Sept 2026, 5:35 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

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Ratio	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	39.6%	52.6%	50.4%
EBITDA margin %	30.5%	39%	37.8%
EBIT margin %	25.4%	33.3%	30.5%
PAT margin %	18.7%	24.7%	30.9%
Working capital
Receivable days	86	131	109
Inventory days	5	4	13
Payable days	45	88	56
NWC days	46	46	66
Leverage
Current ratio	2.56	1.25	1.22
Debt to EBITDA	1.21	1.71	2.29
Debt to equity	0.36	0.61	0.39
Interest coverage	11.4	7.4	6.3
Asset turnover	0.63	0.5	0.31
Return ratios
Return on assets %	11.8%	12.4%	9.6%
Return on capital employed %	20.5%	28%	19.1%
Return on equity %	18.2%	22.8%	13.9%

Date	Category	Subject	Filing
30 Sept 2026, 5:35 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
28 Sept 2026, 7:37 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
21 Sept 2026, 7:30 pm	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF
19 Sept 2026, 10:41 pm	Company Update Award of Order / Receipt of Order	Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order	PDF
9 Sept 2026, 11:56 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
8 Sept 2026, 7:55 pm	Company Update General	Letter To Non-Email Shareholders	PDF
8 Sept 2026, 7:45 pm	AGM/EGM AGM	Notice Of The 11Th Annual General Meeting Of The Company	PDF
8 Sept 2026, 7:34 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF

Knowledge Marine & Engineering Works Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

1

1

Announcements

1

1

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

Bahrain · revenue

Knowledge Marine & Engineering Works Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Board meetings1

Stock splits1

Announcements

Ratio timeline

Board meetings1

Stock splits1

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

Bahrain · revenue

1

1

1

1