Rs 733 Crore Order Book: Ashish Kacholia's Portfolio Company Secures Orders Worth Rs 5,86,00,000; Stock Rallies Over 8 per cent Today!

The shares of the company have delivered a return of around 2,680 per cent to its shareholders in just 3 years.

Knowledge Marine & Engineering Works has been awarded a Letter of Award (LOA) by the V.O. Chidambaranar Port Authority for the “Supply, Manning, Operation, and Maintenance of one number High-Speed Patrol Boat (HSPB) of 20 knots speed or more on a hire basis for five years”. This contract is valued at Rs 5,86,05,141 (Rupees Five Crore Eighty-Six Lakhs Five Thousand One Hundred and Forty-One Only).

The company has secured its first contract in the southern region of India from V.O. Chidambaranar Port. This addition to the company's portfolio signifies its capability to penetrate new markets. V.O. Chidambaranar Port holds a prominent position as one of India's twelve major ports, ranking as the second largest in Tamil Nadu and housing the country's third largest container terminal.

This achievement enhances the company’s reputation and influence within the maritime sector, showcasing its ability to secure and manage substantial contracts from key ports across India. This contract not only reaffirms the company's proficiency in delivering high-speed patrol boats, a domain where it has already achieved success with deployments at Vizag Port and Paradip Port, but it also marks its fourth triumph in this category. This further cements the company's standing and capabilities in this specialized field. This will increase the company’s fleet to 27 and clientele to 15 including Ports, PSUs, and Ministries of three different countries. Following the winning of the contract, the company will deploy its 27th Vessel to execute the contract within the stipulated time. The said vessel will be newly built with a lifespan of 20 years and will ensure that the project is completed efficiently and within the designated timeframe. This highlights the company's commitment to meeting its contractual obligations and maintaining its reputation for reliability and performance in the high-speed patrol boat sector. Work is set to commence within 180 days from the receipt of the order.

Share Performance:

On Monday, the share Knowledge Marine & Engineering Works opened at around Rs 1330 per share and closed at Rs 1402.05 with a market capitalization of Rs 1514 crore. The stock has delivered a multibagger return of around 2649 per cent in the past 3 years.

Ace investor Ashish Kacholia owns 2.78 per cent of the company, as per the recent update. Moreover, FIIs have increased their stake, while DIIs make a fresh entry.

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

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