Shipbuilding company secures Rs 73.14 crore order from Inland Waterways Authority of India, Ashish Kacholia holds 2.78 per cent stake in the company!

The company's shares have delivered an impressive return of over 3,300 per cent to their shareholders.

Knowledge Marine & Engineering Works is primarily involved in the business of owning, chartering/hiring, along with manning, operation, and technical maintenance of marine crafts. Additionally, the company undertakes repairs or maintenance of marine crafts and marine infrastructure, along with allied works in India. The company has announced the significant order received by the company.

KMEW Order Details:

KMEW has secured another project from the Inland Waterways Authority of India (IWAI) for the "Fairway-Maintenance on Quantity Based Dredging of Barh – Digha Stretch (74 Km) for National Waterway 1 (River Ganga)". The contract is valued at Rs 73.14 Crores, including GST, and is set for a period of three years, with the possibility of further extension by 2 more years.

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Ownership Stake:

In December 2023, the promoters' share stood at 67.09 per cent, which decreased to 60.61 per cent by March 2024. During the same period, FIIs held 0.17 per cent in December 2023, which increased to 1.20 per cent by March 2024. DIIs had no stake in December 2023, but by March 2024, they held 2.18 per cent. Ace investor Ashish Kacholia maintained a consistent ownership of 2.78 per cent across both periods.

Share Performance and Financial Performance of KMEW

On Friday, the company's stock closed at around Rs 1275.95 per share, with a market capitalisation of Rs 1,378 crore. Additionally, the stock has delivered a multibagger return of around 3,348 per cent in the past three years.

In FY23 KMEW reported revenue of Rs 202 crore, representing a year-on-year growth of 230 per cent from Rs 61 crore last year. The company posted an operating profit of Rs 70 crore, compared to a profit of Rs 69 crore last year. The company’s net profit stood at Rs 48 crore in FY23.

Investors must keep this Small-Cap multibagger stock on their radar.

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