2,400 per cent multibagger returns and Rs 733 crore order book: Ashish Kacholia's portfolio stock bags new order worth Rs 7,49,50,000!
Recently, the company also secured a USD 4.85 million contract for the maintenance dredging of the Yangon River in Myanmar.
Knowledge Marine & Engineering Works Limited (KMEW) has secured a new capital dredging project at Paradip Port from the Dredging Corporation of India (DCI). Valued at Rs. 7.49 crore, the project will be completed within four months, excluding the monsoon season. This win strengthens KMEW's reputation in the dredging industry and highlights its expertise in both capital and maintenance dredging. The project involves using their existing dredger, River Pearl 2, which previously generated Rs. 4.5 crore in revenue over a full year at Kolkata Port. This new contract signifies KMEW's operational efficiency and commitment to maximizing asset utilization.
The company has an order book of Rs 733 crores. The stock has delivered multibagger returns of more than 2,400 per cent in three years. Ace investor Ashish Kacholia holds a 2.78 per cent stake in the company. Knowledge Marine & Engineering Works Limited has posted weak results in H2FY24. The revenue of the company stood at Rs 56.70 crore which declined by 28.06 per cent YoY. The operating profit of the company stood at Rs 15.93 crore which declined by 54.35 per cent on a YoY basis, while the PAT of the company stood at Rs 8.58 crore, which decreased by 63.28 per cent on a YoY basis. The company recently secured a USD 4.85 million contract for the maintenance dredging of the Yangon River in Myanmar.
Knowledge Marine & Engineering Works Limited is primarily engaged in the business of 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.
The stock has shown robust growth in recent years and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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