2,400 per cent multibagger returns and Rs 733 crore order book: Ashish Kacholia's portfolio stock bags new order worth Rs 7,49,50,000!
Recently, the company also secured a USD 4.85 million contract for the maintenance dredging of the Yangon River in Myanmar.
Knowledge Marine & Engineering Works Limited (KMEW) has secured a new capital dredging project at Paradip Port from the Dredging Corporation of India (DCI). Valued at Rs. 7.49 crore, the project will be completed within four months, excluding the monsoon season. This win strengthens KMEW's reputation in the dredging industry and highlights its expertise in both capital and maintenance dredging. The project involves using their existing dredger, River Pearl 2, which previously generated Rs. 4.5 crore in revenue over a full year at Kolkata Port. This new contract signifies KMEW's operational efficiency and commitment to maximizing asset utilization.
The company has an order book of Rs 733 crores. The stock has delivered multibagger returns of more than 2,400 per cent in three years. Ace investor Ashish Kacholia holds a 2.78 per cent stake in the company. Knowledge Marine & Engineering Works Limited has posted weak results in H2FY24. The revenue of the company stood at Rs 56.70 crore which declined by 28.06 per cent YoY. The operating profit of the company stood at Rs 15.93 crore which declined by 54.35 per cent on a YoY basis, while the PAT of the company stood at Rs 8.58 crore, which decreased by 63.28 per cent on a YoY basis. The company recently secured a USD 4.85 million contract for the maintenance dredging of the Yangon River in Myanmar.
Knowledge Marine & Engineering Works Limited 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 stock has shown robust growth in recent years and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
Related articles
-
3,600 per cent returns and Rs 604 crore order book: This multibagger stock secures new order worth Rs 98.06 crore!
-
Ashish Kacholia-Backed VFX Stock Hits 52-Week High with Heavy Volumes Today, Gains Over 400 Per cent Within 1 Year!
-
Back-to-Back Upper Circuit for 3 Days Ashish Kacholia-Backed Engineering Stock; Do You Own It?
-
Ashish Kaholia’s Portfolio Engineering Company Stock Hits Upper Circuit; Gains Over 190 per cent in Just 1 Year – Do You Own This Stock?
-
Heavy Buying Stock Hits Upper Circuit After Ashish Kacholia Bought 1,07,500 Shares of This Small Cap Company; Do You Own It?
-
Ashish Kacholia Bought 1,07,500 Shares of This Specialty Chemical Company: Keep This Stock on Your Radar
-
2,500 per cent returns and FIIs increase stake: Ashish Kacholia gains Rs 24,47,03,175 in this small-cap multibagger stock in just one day!
-
Back-to-Back Upper Circuit: Ashish Kacholia Bought 8,00,000 Shares, Company Announces First Quarterly Results Post Listing - Complete Details Inside
-
Heavy Buying, Back-to-Back Upper Circuit Stock; Ashish Kacholia Bought 27.5 per cent Stake in the Company!
-
Why you should keep this Ashish Kacholia's portfolio stock on the watchlist!
-
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!
-
Ashish Kacholia Bought 27.5 per cent stake in this Electronics System Manufacturer for Defence Industry: Heavy Buying, Hits Upper Circuit Today!
-
Rs 1,747 crore order book and 1,200 per cent returns: Back-to-back upper circuit in this multibagger stock; bags order worth Rs 2,43,86,625!
-
Heavy buying: Ashish Kacholia & Mukul Agarwal collectively gained Rs 4,67,53,238 in this multibagger stock in just one day!
-
Ashish Kacholia gains Rs 4,83,00,000 in just 1 day from this multibagger stock with Rs 604 crore order book; Company bags new order worth Rs 66.38 crore!
-
Grand entry: Ashish Kacholia buys 1,60,000 shares of this SME software solutions company;Â do you hold?
-
Heavy buying: Ashish Kacholia gains Rs 6,19,25,038 in this small-cap multibagger stock in just one day!
-
900 per cent returns and FIIs & DIIs increase stake: Ashish Kacholia’s portfolio stock partners with Havells!
-
450 per cent returns: Ashish Kacholia’s portfolio multibagger stock hits back-to-back 52-week high!
-
Ashish Kacholia's portfolio multibagger stock set to trade ex-dividend tomorrow! Do you own it?