Knowledge Marine & Engineering Works Ltd (KMEW) is a specialized marine services company incorporated in 2015. It provides comprehensive dredging services, marine craft operations, and marine infrastructure solutions. The company was promoted by Mr. Saurabh M. Daswani and Mrs. Kanak S. Kewalramani. KMEW is engaged in the business of dredging, 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 and Myanmar.
KMEW's core activities include dredging, owning, chartering/hiring, manning, operating, and technical maintenance of marine crafts. The company also undertakes repairs and maintenance of marine infrastructure in India and Myanmar. Its business segments include:
* Dredging
* Owning and operating marine and ancillary crafts
* Repair and maintenance of marine crafts and marine infrastructure
The company's diverse fleet comprises pilot boats, speed patrol boats, survey boats, grab dredgers, trailing suction hopper dredgers, mooring launches, and service boats. Knowledge Marine operates an extensive fleet of operational marine assets, including "River Pearl 1" through "River Pearl 12," demonstrating its significant operational capacity in the marine services sector.
Knowledge Marine's head office is located in Mumbai, with operations strategically spread across major ports in India through branch offices in Kolkata, Vishakapatnam, Kandla, and Vadinar. The company also has an international presence with an office in Sittwe, Myanmar. This strategic network across key maritime hubs positions KMEW to effectively serve clients throughout India's major ports and extend its operations internationally.
As of March 2025, Knowledge Marine & Engineering Works has achieved a market capitalization of ₹1,859 crore, classifying it as a Small Cap company according to Value Research. The company reported a TTM (Trailing Twelve Months) profit after tax of ₹33 crore.
The company has demonstrated robust financial growth:
Key Financial Highlights for FY2024-25:
* Net profit rose 62.41% to ₹49.81 crore in the year ended March 2025, compared to ₹30.67 crore during the previous year ended March 2024.
* Sales rose 22.70% to ₹200.71 crore in the year ended March 2025, compared to ₹163.58 crore during the previous year ended March 2024.
Q4 FY2024-25 Performance:
* Net profit rose 48.97% to ₹10.89 crore in the quarter ended March 2025, compared to ₹7.31 crore during the previous quarter ended March 2024.
* Sales rose 15.66% to ₹47.48 crore in the quarter ended March 2025, compared to ₹41.05 crore during the previous quarter ended March 2024.
H1 FY2024-25 Performance:
* The company's consolidated net profit fell 3% to ₹23.47 crore.
* Net sales declined 10.5% to ₹95.62 crore in H1 FY25 over H1 FY24.
* Market Capitalization: ₹1,859 crore (as of March 2025)
* TTM Profit After Tax: ₹33 crore
* FY2024-25 Net Profit: ₹49.81 crore
* FY2024-25 Sales: ₹200.71 crore
* Promoter Holding: 60.7%
* P/B Ratio (April 4, 2025): 8.49 times (7% premium to peers' median)
* P/E Ratio (April 4, 2025): 56.93 times (12% premium to peers' median)
* Return on Capital Employed (ROCE): 24.7%
* Return on Equity (ROE): 25.8%
Knowledge Marine's corporate structure includes the following subsidiaries:
* Indian Ports Dredging Private Limited
* Knowledge Infra Ports Private Limited
The company maintains a strong promoter holding of 60.7%.
Knowledge Marine & Engineering Works Ltd has undertaken several strategic initiatives to enhance shareholder value and fuel future growth:
* Stock Split: The company has proposed a stock split where the face value of each share will change to ₹5, which is half of its present face value of ₹10. The stock split proposal is expected to be completed within 3 months from the date of shareholder's approval.
* Fund Raising: The board of Knowledge Marine has approved a proposal for raising funds by the company through a Qualified Institutional Placement (QIP) for an aggregate amount of up to ₹500 crore. The board will also consider raising funds via issuance of equity shares through a private placement or through one or more qualified institutional placement (QIP) and/or preferential allotment, subject to approval from shareholders and regulatory approvals.
Over the last 5 years, Knowledge Marine has demonstrated exceptional growth:
* Revenue Growth: Revenue has grown at a yearly rate of 53.48% versus an industry average of 11.97%.
* Market Share: The company's market share increased significantly from 1.69% to 13.38%.
* Net Income Growth: Net income has grown at a yearly rate of 61.46% over the last 5 years, significantly outperforming the industry average of 17.33%.
Knowledge Marine & Engineering Works Ltd represents a significant player in India's marine services industry, backed by strong operational capabilities, expanding geographical presence, and robust financial performance. The company's focused approach on dredging services and marine infrastructure positions it well to capitalize on India's growing maritime sector and ongoing port development initiatives.
