4,000 per cent returns and Ashish Kacholia portfolio stock: This multibagger marine engineering stock bags new order worth Rs 3,44,92,500!

Shares of the company gained more than 30 per cent in the last six months.

Knowledge Marine & Engineering Works won a 3-year project worth Rs. 3.45 crores from Visakhapatnam Port Authority for supplying, manning, operating, and maintaining a steel-hulled pilot launch. The project is expected to start on March 24, 2024. This award signifies the company's strong execution capabilities and commitment to serving major Indian ports.

Furthermore, Knowledge Marine & Engineering Works, through its Bahrain subsidiary, has received a license to extract marine sand, becoming the first Indian company in Bahrain to do so. The operations will begin in January 2024, marking a significant milestone and solidifying the company's global competence and execution capabilities. This new venture is expected to directly contribute to revenue starting in January.

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The company posted robust half-yearly results. The revenue of the company for H1FY24 stood at Rs 106.88 crore which decreased by 12.9 per cent YoY. The company's operating profit stood at Rs 37.07 crore, while the PAT of the company stood at Rs 24.42 crore, which increased by 2.46 per cent on a YoY basis. Ace investor Ashish Kacholia holds a 2.78 per cent stake in the company. The stock has delivered multibagger returns of more than 4,000 per cent in less than 3 years.

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 company has an order book of Rs 670 crores.

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

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