DSIJ Mindshare

Ashish Kacholia’s portfolio multibagger marine infrastructure company bags new order worth Rs 1,47,43,51,000 from Inland Waterways Authority of India
Kiran Shroff
/ Categories: Trending, Multibaggers

Ashish Kacholia’s portfolio multibagger marine infrastructure company bags new order worth Rs 1,47,43,51,000 from Inland Waterways Authority of India

The stock is up over 80 per cent from its 52-week low of Rs 1,005 and gave multibagger returns of over 2,000 per cent in 3 years.

Knowledge Marine & Engineering Works Ltd (KMEW), a leading player in the marine and engineering sector, has secured a significant contract from the Inland Waterways Authority of India (IWAI). Valued at approximately Rs 1,47,43,51,000, the contract entails the maintenance of two crucial stretches on the River Ganga: the Sultanganj-Mahendrapur (74 km) and Mahendrapur-Barh (71 km) sections of National Waterway-1.

The primary scope of work involves dredging and river conservancy measures to ensure safe navigation for vessels. KMEW will deploy three cutter suction dredgers and three work boats to efficiently execute the project. This contract win marks the third for KMEW from IWAI, solidifying the agency as a major client and underscoring KMEW's strong position in the Indian dredging industry.

Furthermore, the contract is part of the World Bank-funded Jal Marg Vikas Project, which aims to enhance inland waterway capacity. This association with the World Bank ensures timely payments and financial stability for KMEW. Overall, this contract win aligns with the government's vision of developing inland waterways and reinforces KMEW's commitment to delivering quality services and contributing to the nation's infrastructure development.

DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.

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. The company has a market cap of over Rs 1,900 crore. As of May 2024, the company’s order book stands at Rs 733 crore.

An ace investor, Ashish Kacholia, holds the highest public stake in the company, owning 3,00,000 shares or 2.78 per cent as of September 2024. The shares of the company have an ROE of 26 per cent and an ROCE of 24 per cent. The stock is up over 80 per cent from its 52-week low of Rs 1,005 and gave multibagger returns of over 2,000 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.

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

Previous Article 1:4 Bonus Shares: This Solar Company Partners with State Bank of India to Offer Financial Solutions for Solar Photovoltaic Projects
Next Article Dhanteras 2024: Will Gold Coins or This Digital Coin Shine Brighter in Returns? Watch Out!
Print
137 Rate this article:
3.7
Please login or register to post comments.
DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR