2,400 per cent multibagger returns and Rs 733 crore order book: Ashish Kacholia's portfolio stock gains over 11 per cent; bags order worth USD 4.85 million!

Recently, the company also secured another project from the Inland Waterways Authority of India worth Rs. 73.14 crore.

Shares of Knowledge Marine & Engineering Works Limited (KMEW) gained more than 11 per cent on Monday. 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 High yearly 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. This international contract, awarded by the Myanmar Port Authority, will be executed over a one-year period. This marks KMEW's third consecutive international order and doubles the value of their previous Yangon River dredging project. Knowledge Marine & Engineering Works Limited (KMEW) also secured another project from the Inland Waterways Authority of India (IWAI) worth Rs. 73.14 crore.

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.