Multibagger Shipbuilding Company Bags Order Worth Rs 9,69,51,470; Stock Rallies Over 5 Per cent Today, DIIs Purchased Stake for the First Time!

The company’s shares have delivered an impressive return of around 2,600 per cent to its shareholders.

This Small-Cap company was incorporated in 2015 provides dredging services, owns and operates marine craft, and offers repair, maintenance, and refitting services for marine crafts and infrastructure.

KMEW has secured a work order from the New Mangalore Port Authority (NMPT) for hiring one RSV Type IV Security Patrol Boat with a speed of not less than 25 knots. The contract is for 5 years and is valued at Rs 9,69,51,470 (Nine Crores Sixty-Nine Lakh Fifty-One Thousand Four Hundred Seventy Rupees Only).

Today, the shares of Knowledge Marine & Engineering Works Ltd closed at around Rs 1252.70 per share on the BSE. The company’s current market capitalization stands at Rs 1353.04 crore. Additionally, the shares have delivered a multibagger return of over 2620 per cent in the past 3 years.

As per the Quarterly Results, in the Q1 FY25, Knowledge Marine & Engineering Works Ltd recorded a revenue of Rs 57 crore compared to Rs 79 crore. The operating profit stood at Rs 14 crore. The net profit stood at Rs 9 crore compared to a profit of Rs 23 crore. Looking at the annual performance, the company generated a revenue of Rs 164 crore in FY24. The operating profit for FY24 was Rs 69 crore with a net profit of Rs 33 crore compared to a net profit of Rs 47 crore in FY23.

According to the shareholding pattern of the company, the promoters hold a significant 60.61 per cent stake. Public investors own 36.01 per cent of the shares, while Foreign Institutional Investors (FIIs) hold 1.20 per cent which was earlier 0.17 per cent and Domestic Institutional Investors (DIIs) own 2.18 per cent.

Check out my recent article here.

Investors must keep this stock on their radar.

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