Whalesbook
Incorporated in 2015, Knowledge Marine & Engineering Works Ltd provides dredging services, owning and operating marine craft, and repairing, maintaining and refitting marine crafts and marine infrastructure[1]
Business Overview:[1]KMEWL is engaged in dredging, owning, chartering/hiring, manning, operating, and technical maintenance of marine crafts, as well as repairs and maintenance of marine infrastructure in India and Myanmar. The company’s fleet includes pilot boats, speed patrol boats, survey boats, grab dredgers, trailing suction hopper dredgers, mooring launches, and service boats. Its operational marine assets include River Pearl 1 through River Pearl 12.
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Knowledge Marine | 1721.10 | 117.45 | 4207.08 | 0.00 | 10.00 | 8.81 | 46.61 | 13.71 | 23.79 | 159.34 | 39.60 | 35.82 | 10.00 | 17.64 | 13.29 | 0.69 |
| 2. | Dredging Corpn. | 933.65 | – | 2614.22 | 0.00 | -34.18 | 38.37 | 211.79 | 3.56 | -0.31 | 1240.88 | 16.19 | -15.86 | -34.18 | 2.26 | -1.81 | 0.91 |
| – | Median: 2 Co. | 1327.38 | 117.45 | 3410.65 | 0.0 | -12.09 | 23.59 | 129.2 | 8.63 | 11.74 | 700.11 | 27.9 | 9.98 | -12.09 | 9.95 | 5.74 | 0.8 |
Standalone figures in ₹ crores
| Dec 2023 | Dec 2024 | Jun 2024 | Jun 2025 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
Sales | 14 | 42 | 30 | 34 | 23 | 36 | 117 | 41 | 47 |
Expenses | 10 | 25 | 18 | 20 | 20 | 23 | 84 | 26 | 28 |
Operating Profit | 4 | 18 | 11 | 14 | 3 | 13 | 34 | 15 | 19 |
Other Income | 0 | 1 | 0 | 1 | 2 | 3 | 0 | 1 | 1 |
Profit before tax | 3 | 14 | 9 | 9 | 2 | 12 | 31 | 13 | 12 |
Tax % | 31% | 26% | 19% | 25% | 38% | 28% | 26% | 31% | 14% |
Net Profit | 2 | 10 | 7 | 7 | 2 | 9 | 23 | 9 | 10 |
EPS in Rs | 0.87 | 4.66 | 3.29 | 3.30 | 0.70 | 4.00 | 11.29 | 4.25 | 4.63 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
Sales | 9 | 6 | 17 | 26 | 49 | 195 | 139 | 149 | 159 |
Expenses | 7 | 4 | 11 | 14 | 20 | 127 | 99 | 92 | 96 |
Operating Profit | 2 | 2 | 6 | 12 | 30 | 68 | 41 | 57 | 63 |
Other Income | 0 | 0 | 1 | 0 | 0 | 1 | 3 | 5 | 5 |
Interest | 0 | 0 | 1 | 1 | 2 | 2 | 3 | 7 | 11 |
Depreciation | 0 | 0 | 1 | 2 | 2 | 4 | 5 | 8 | 11 |
Profit before tax | 2 | 1 | 4 | 9 | 26 | 63 | 35 | 48 | 47 |
Net Profit | 1 | 1 | 3 | 7 | 19 | 47 | 25 | 35 | 36 |
EPS in Rs | – | 1.96 | 6.90 | 3.18 | 9.50 | 21.57 | 11.52 | 16.19 | 16.59 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | – |
Standalone figures in ₹ crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.01 | 2 | 2 | 10 | 10 | 11 | 11 | 11 | 11 |
Reserves | 2 | 3 | 6 | 15 | 35 | 120 | 148 | 183 | 200 |
Borrowings | 3 | 9 | 14 | 11 | 21 | 24 | 10 | 94 | 146 |
Other Liabilities | 4 | 10 | 5 | 4 | 16 | 47 | 27 | 43 | 80 |
Total Liabilities | 8 | 24 | 27 | 41 | 81 | 202 | 196 | 331 | 437 |
Fixed Assets | 6 | 8 | 23 | 24 | 49 | 56 | 65 | 120 | 190 |
Gross Block | 6.71 | 8.18 | 23.07 | 27.32 | 54.57 | 65.19 | 79.43 | 141.16 | – |
Accumulated Depreciation | 0.24 | 0.53 | 0.00 | 3.43 | 5.53 | 9.55 | 14.54 | 21.44 | – |
CWIP | 0 | 8 | 0 | 3 | 2 | 8 | 12 | 50 | 27 |
Investments | 1 | 1 | 2 | 1 | 4 | 12 | 29 | 62 | 49 |
Other Assets | 1 | 8 | 3 | 13 | 27 | 126 | 89 | 99 | 170 |
Total Assets | 8 | 24 | 27 | 41 | 81 | 202 | 196 | 331 | 437 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | – | – | 1 | 8 | 30 | 18 | 45 | 40 |
Cash from Investing Activity | – | – | -9 | -5 | -29 | -24 | -32 | -128 |
Cash from Financing Activity | – | – | 2 | 6 | 7 | 41 | -21 | 77 |
Net Cash Flow | – | – | -7 | 9 | 9 | 35 | -8 | -11 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
Debtor Days | 34 | 14 | 22 | 7 | 24 | 108 | 59 | 118 |
Inventory Days | 0 | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | 34 | 14 | 22 | 7 | 24 | 108 | 59 | 118 |
Working Capital Days | 5 | -398 | -147 | -43 | -90 | 19 | 30 | 9 |
ROCE % | – | 16% | 29% | 35% | 55% | 59% | 24% | 24% |
Direct from BSE filings, auto-summarised
External media mentions & references
Editorial & research coverage
Nov 2025
Nov 2025
Jun 2025
Feb 2025
Nov 2024
Jun 2024
Nov 2023
Jun 2023
Nov 2022
Jun 2022
Stock Analysis
Incorporated in 2015, Knowledge Marine & Engineering Works Ltd provides dredging services, owning and operating marine craft, and repairing, maintaining and refitting marine crafts and marine infrastructure.
Key growth triggers include a credit rating upgrade by CARE Ratings to BBB+, strategic acquisitions of subsidiaries, significant work orders for dredging and shipbuilding, entry into commercial shipbuilding and cruise tourism, and approval for the Tonnage Tax Regime. The company also secured major Green Tug contracts, entered into MoUs with port authorities valued at ₹1,560 Crores, and has a substantial order book, positioning it for aggressive expansion and alignment with national maritime initiatives.
Order Book: September 2025 = ~₹1,970 Cr (from investor presentation H1 FY26); August 2025 = ₹127.12 Cr (IWAI); August 2025 = ₹47.59 Cr (Deendayal Port); July 2025 = ₹384.33 Cr (Visakhapatnam Port); July 2025 = ₹58.39 Cr (DCIL); June 2025 = ₹385.76 Crores (VOCPA); March 2025 = ₹80.69 Cr (IWAI); March 2025 = ₹28.32 Cr (DCIL); March 2025 = ₹7.25 Cr (DCIL); February 2025 = ₹91.85 Lakhs (DPA); February 2025 = ₹10.66 Cr (NMPA)
Corporate Announcements
