3,600 per cent returns and Rs 604 crore order book: This multibagger stock secures new order worth Rs 98.06 crore!

Shares of the company grew by more than 40 per cent in the last one year.

Knowledge Marine & Engineering Works Limited (KMEW) has secured a noteworthy project from the Inland Waterways Authority of India (IWAI). This contract involves maintaining a 146 km stretch of National Waterway-1 on the Ganga River, for an initial period of 3 years (extendable by 2 years) with a value of Rs. 98.06 crore. This win marks KMEW's entry into the fairway maintenance segment and strengthens its position in the dredging and waterway maintenance sector overall.

Adding to the positive news, KMEW's shares have witnessed impressive growth for investors. Over the past three years, the share price has skyrocketed from Rs. 36.85 to Rs. 1367.15, representing a remarkable 3,600 per cent increase.

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In H1FY24, the company posted a 12.9 per cent decrease in its consolidated revenue at Rs 106.88 crore compared to Rs 122.71 crore from the previous year’s corresponding quarter. The operating profit of the company stood at Rs 37.07 crore, while the PAT of the company stood at Rs 24.42 crore, from Rs 23.84 crore last year in the same quarter.

Knowledge Marine & Engineering Works Limited is engaged in the business of owning and operating Marine Crafts for dredging along with repairs and maintenance and refits of Marine Crafts and Marine Infrastructure. Its group started its business in the year 2013 under the name Kamal Marine & Engineering Works, which undertakes the business of repair & refits of marine crafts. Ace investor Ashish Kacholia has a 2.78 per cent stake in the company and the company has an order book of Rs 604 crore.

The stock has shown impressive growth, and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.