Rs 342,06,00,000 worth of four orders received by the company’s one of the subsidiaries, check before the market closes today!
The company's return on capital employed (ROCE) and return on equity (ROE) are at 89% and 99%, respectively
Knowledge Dredging Co. W.L.L., based in Bahrain (a subsidiary of M/s Knowledge Marine & Engineering Works Limited, India), has received four distinct orders from four separate Sand Buyers: M/s Haji Hasan Group, Bahrain; M/s TCT Marine Contracting WLL, Bahrain; M/s K7 Contracting WLL, Bahrain; and M/s Alsalem Contracting, Bahrain.
These orders were issued on August 20th, 2023, with the purpose of engaging in the 'Supply and Sale of Dredged Marine Sand' over a continuous period of 5 (Five) Years.
The collective value of these orders amounts to 15.45 million Bahrain Dinar (approximately 342.06 Crores, considering an exchange rate of 1 BD = Rs. 221.40). The project is set to commence in the third quarter of FY 2023-2024.
Knowledge Marine & Engineering Works Ltd is primarily engaged in the business of owning, chartering, hiring, along with manning, operating, and technically maintaining marine crafts. Additionally, the company is involved in the repair and maintenance of marine crafts, marine infrastructure, and related works in India.
Also, read: This company bagged an order worth Rs 4000 crore
In FY23, the company's revenue from operations experienced a YoY increase of 230%, rising from Rs 61 crore to Rs 202 crore. The operating profit of the company grew from Rs 32 crore to Rs 69 crore, with the operating profit margin standing at 34%.
The net profit of the company amounts to Rs 47 crore, and the net profit margins stood at 23% in FY23.
DSIJ offers a service 'Flash News Investment' with recommendations for Profit-making Ideas for You (Weekly) based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here
The company's return on capital employed (ROCE) and return on equity (ROE) are at 89% and 99%, respectively.
Starting at Rs 1470, the company's shares concluded the day at Rs 1454.25 on Monday, representing a 3.99% increase or Rs 55.75 compared to the previous day's closing price of Rs 1398.50. Over the last three years, the company's shares have generated an impressive multibagger return of 176%.
Disclaimer: This article is for informational purposes only and not investment advice.