Ashish Kacholia-Backed Marine Infrastructure Company Bags Order Worth Rs 96,24,42,578 from Chidambaranar Port – Complete Details Inside
The company’s shares have delivered a multibagger return of around 1,500 per cent to its shareholders in just 3 years.
This Small-Cap company provides dredging services, owns and operates marine craft, and offers repair, maintenance, and refitting services for marine crafts and infrastructure.
Ashish Kacholia holds around 2.78 per cent stake in the company as per the latest update.
Knowledge Marine & Engineering Works Ltd has been awarded a work order by V.O. Chidambaranar Port for the supply, manning, operation, and maintenance of one Azimuth Stern Drive (ASD) Tug with a Bollard Pull capacity of 60T and above. The contract, valued at Rs 96.24 crore (Rs 96,24,42,578 inclusive of taxes), is set for a duration of seven years.
On Friday, KMEW's shares closed at around Rs 2343.25 per share on the BSE. The company’s current market capitalization stands at Rs 2530.94 crore. Additionally, the shares have delivered a multibagger return of around 1,500 per cent in the past 3 years.
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The company doesn’t declare Quarterly Results and as per half-yearly results, in Sep 2024, Knowledge Marine & Engineering Works Ltd recorded a revenue of Rs 96 crore compared to Rs 107 crore. The operating profit stood at Rs 37 crore. The net profit stood at Rs 23 crore compared to a profit of Rs 24 crore. Looking at the annual performance, the company generated a revenue of Rs 164 crore in FY24. The operating profit for FY24 was Rs 202 crore with a net profit of Rs 39 crore compared to a net profit of Rs 48 crore in FY23.
According to the shareholding pattern of the company, the promoters hold a significant 60.66 per cent stake. Public investors own 35.50 per cent of the shares, while DIIs hold 0.99 per cent which was earlier 1.03 per cent and FIIs maintained their stake at 2.85 per cent.
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Disclaimer: The article is for informational purposes only and not investment advice.