Rs 20,284 lakh order book: Ashish Kacholia’s portfolio multibagger stock receives order worth Rs 5,02,13,174 from Paradip Port Authority!

The stock gave multibagger returns of 125 per cent in just 1 year and a whopping 1,625 per cent in 2 years.

Knowledge Marine & Engineering Works Ltd (KMEW), announced that the company received an order from the Paradip Port Authority for the supply of 01 No. 20 knots speed patrol boat with a manning crew on hire, for a contract valued at Rs 5,02,13,174, excluding GST. This contract entails a daily hire charge for five years. Additionally, in conjunction with the daily hire charges, Paradip Port Authority will provide Fuel (HSD) based on actual consumption. Paradip Port Authority (PPA) is one of the major ports on the East Coast of India.

KMEW has won an order to supply a high-speed patrol boat to Visakhapatnam Port. This will be the third such boat that PPA has supplied to Visakhapatnam Port. The new boat will have a speed of 20 knots and is expected to be added to KMEW's fleet soon. This order win allows KMEW to expand its operations on the East Coast of India and underlines the company's growing presence and success in the small craft business.

Commenting on the Letter of Award, Mr Sujay Kewalramani, CEO of Knowledge Marine & Engineering Works Ltd said, “We are excited to announce our recent success in securing a contract with Paradip Port Authority, underscoring our company's exceptional performance and capabilities. This accomplishment signifies our expansion to additional major ports in India. This contract win reflects our ongoing achievements in the small craft business through the diverse range of services we offer. We are actively exploring new opportunities, both within our domestic market and on the global stage”

Knowledge Marine & Engineering Works Ltd 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. An ace investor, Ashish Kacholia, holds the highest public stake in the company, owning 300,000 shares or 2.78 per cent as of September 2023. The company has a market cap of over Rs 1,500 crore. As of March 31, 2023, the company order book stands at Rs 20,284 lakh.

On Monday, shares of Knowledge Marine & Engineering Works gained 0.04 per cent to Rs 1,470.30 per share with an intraday high of Rs 1,473 and an intraday low of Rs 1,449.

The stock gave multibagger returns of 125 per cent in just 1 year and a whopping 1,625 per cent in 2 years. Investors should keep an eye on this micro-cap stock.

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