Knowledge Marine & Engineering Works Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call analysis: revenue, margin, capex, fundraise and order book outlook from management commentary.

Published 2 Sept 2026 | Engineering Services | Market Cap: ₹6.9K Cr

Targeting INR 1,000 crores top line by FY29 with a diversified revenue mix: 45-50% from dredging, 40-45% from shipbuilding, and 5-10% from chartering. FY27 started strong with Q1 revenue growth of 138% YoY and EBITDA margin around 64%.

From Knowledge Marine & Engineering Works Ltd's Q1 FY27 earnings-call transcript · updated 2 Sept 2026.

Price

₹2,952

Market Cap

₹6.9K Cr

P/E Ratio

53.4

How does Knowledge Marine & Engineering Works Ltd rank in Engineering Services?

Compare Knowledge Marine & Engineering Works Ltd against every Engineering Services company this quarter on revenue, margins and earnings-call signals.

Revenue: Rank 1Margin: Rank 3

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Knowledge Marine & Engineering Works Ltd — Quarterly revenue & net profit

Revenue Net Profit

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Reported quarterly figures (₹ Cr). Latest: revenue ₹90 Cr, net profit ₹33 Cr.

Full financials →

📊 Revenue & Sales Performance

Rank 1

→Targeting INR 1,000 crores top line by FY29 with a diversified revenue mix: 45-50% from dredging, 40-45% from shipbuilding, and 5-10% from chartering.
→Significant scaling of dredging volumes expected through fleet expansion with larger capacity dredgers to handle higher volumes and more complex contracts.
→Shipbuilding business anticipated to scale notably from Q4 FY27 with Phase 1 of Saphale shipyard becoming operational, enabling construction of specialized marine crafts, dredgers, green and hybrid vessels.
→Bid pipeline in dredging is robust at INR 1,200 crores, with outcomes expected in the next 30-45 days, supporting revenue growth over the next 3 years.
→Exploring export opportunities, mainly in Europe, contingent on favorable finance and contract terms.
→Overall margin expansion expected with increasing dredging volumes and post-subsidy shipbuilding margins exceeding 35%.

📈 Profitability & Margins

Rank 3

→FY27 started strong with Q1 revenue growth of 138% YoY and EBITDA margin around 64%.
→EBITDA expected to expand significantly due to volume growth in dredging and shipbuilding.
→PAT margin guidance is 25%-30% long term, though Q1 saw a high 54% PAT margin, not expected to persist every quarter.
→Targeting INR 1,000 crores revenue by FY29, driven by dredging (~45-50%), shipbuilding (~40-45%), and chartering (~5%).
→Operating margins across segments expected to remain between 35%-40%, with dredging margins expanding as volume grows.
→Strong order book and bid pipeline support revenue and earnings growth in next 2-3 years.
→Shipbuilding business expected to scale from late FY27, improving earnings diversity.
→Long-term contracts, like Green Tug chartering, provide stable recurring cash flow and profit visibility.
→Overall focus on converting order book and pipeline into sustained profitable growth.

See what Knowledge Marine & Engineering Works Ltd said on profitability & margins — free account, 30 seconds.

🏗️ Capital Expenditure Plans

Yes

→Knowledge Marine & Engineering Works Limited is undergoing a total capex of approximately INR 1,000 crores over the next 1.5 years.
→Capex allocation includes around INR 450 crores towards dredging business expansion, focusing on acquiring larger capacity dredgers (5,000 to 7,000 cubic meters) to address bigger maintenance and capital dredging markets.
→Approximately INR 250 crores is allocated for the construction of Green Tugs and green vessels.
→The remaining amount is invested in developing the shipbuilding business and creation of the Saphale shipyard, with Phase I expected to be operational by FY27 end.
→The capex aims to expand fleet size and capability, scale shipbuilding capacity, and participate in larger value and technically demanding contracts.
→The company is preparing to bid for defense and export orders, indicating strategic investments to diversify revenue streams.
→No additional loans for working capital are expected since contracts have stage payments, but interest subvention schemes for loans on Green Tug operations may be utilized.

💰 Fundraising & Capital Structure

No information

→The company is currently fully capitalized to achieve its near-future turnover target of INR 1,000 crores by FY29.
→Promoters are comfortable maintaining their stake above 50%, with no immediate plans for further dilution.
→Cash flows generated from operations are expected to support future growth, reducing the need for additional equity raises.
→The company does not require loans for executing shipbuilding contracts due to stage payments received from clients.
→Interest subvention of up to 3% is available for any loans taken for Green Tug construction under relevant schemes.
→Overall, no specific current or immediate plans for new fundraising through debt or equity were indicated.

See what Knowledge Marine & Engineering Works Ltd said on fundraising & capital structure — free account, 30 seconds.

📋 Order Book & Pipeline

Yes

→Current order book: Over INR 1,300 crores
→ - INR 240 crores in dredging (8 contracts)
→ - INR 850 crores in charter and hire (15 contracts)
→ - INR 240 crores in shipbuilding (4 contracts)
→ - Excludes INR 200 crores intercompany orders from Knowledge Marine to Knowledge Shipyard
→Bid pipeline: Approximately INR 3,500+ crores
→ - Dredging: INR 1,200+ crores
→ - Charter and hire: INR 1,100+ crores
→ - Shipbuilding: INR 1,400+ crores
→Expect to execute around INR 200 crores from dredging order book in FY27.
→Bid results expected in next 30-45 days, particularly for dredging contracts.
→Shipbuilding is gearing up with Phase 1 of the Saphale shipyard becoming operational by end FY27 and active bids underway.

Key Metrics

3 of 5 growth signals positive in the Q1 FY27 call.

Revenue

Rank 1

Margin

Rank 3

Capex

Yes

Fundraise

No information

Order Book

Yes

How does Knowledge Marine & Engineering Works Ltd rank vs peers in Engineering Services?

Pro feature

1Knowledge Marine & Engineering Works Ltd

Rev 1Mar 3

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What KMEW's management said in earlier quarters

Compare:vs DREDGECORP

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

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Frequently Asked Questions

What were Knowledge Marine & Engineering Works Ltd Q1 FY27 results?

What is Knowledge Marine & Engineering Works Ltd share price analysis?

Knowledge Marine & Engineering Works Ltd currently shows a strong growth signal based on ranking data. The stock trades at a P/E of 53.4 with a market cap of ₹6,913 Cr. Investors should review the full earnings analysis for detailed insights.

Is Knowledge Marine & Engineering Works Ltd planning capital expenditure?

Knowledge Marine & Engineering Works Limited is undergoing a total capex of approximately INR 1,000 crores over the next 1.5 years.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.