Knowledge Marine & Engineering Works Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹7,850 Cr
- P/E
- 60.58
- ROE
- 20.02%
- PEG
- 3.29
- Price to sales
- 24.28
- Debt to equity
- 0.39
- 52W high / low
- ₹3,707 / ₹1,443
- Sales growth (5Y)
- 50.42%
- EBITDA margin
- 46.57%
- Net profit margin
- 30.88%
- Promoter holding
- 50.30%
- Sales (last year)
- ₹323 Cr
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]
Guidance scorecard · Q1 FY27 call
What Knowledge Marine's management guided
and where it ranks in Engineering Services
Engineering Services
RevenueQ1 FY27 call
40%+- 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.
2 more points from Knowledge Marine's call on revenue
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MarginsQ1 FY27 call
FlatSee what Knowledge Marine said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- 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.
2 more points from Knowledge Marine's call on capex
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FundraisingQ1 FY27 call
See what Knowledge Marine said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- Current order book: Over INR 1,300 crores
- Bid pipeline: Approximately INR 3,500+ crores
- Expect to execute around INR 200 crores from dredging order book in FY27.
2 more points from Knowledge Marine's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Knowledge Marine announcements
All announcements →- Order winMajor developmentKnowledge Marine & Engineering Works Ltd secures ₹303.17 crore dredging order from New Mangalore Port
- Order winNotableKMEW gets ₹279.33 crores Mumbai Port Authority work order for electric green tug
- Fundraise / allotmentNotableKnowledge Marine approves sub-division of shares and NCD issuance plans
Financials of Knowledge Marine
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Knowledge Marine
Shareholding breakup across reporting periods.
| Sep 2023 | Dec 2023 | Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 67.09% | 67.09% | 60.61% | 60.66% | 60.69% | 60.69% | 60.69% | 60.69% | 53.63% | 53.63% | 51.56% | 50.30% |
| FIIs + | 0.33% | 0.17% | 1.20% | 1.03% | 0.82% | 0.61% | 0.48% | 0.74% | 11.00% | 11.75% | 12.12% | 12.72% |
| DIIs + | 0.00% | 0.00% | 2.18% | 2.85% | 2.24% | 1.92% | 0.15% | 0.15% | 0.46% | 1.71% | 1.54% | 3.76% |
| Public + | 32.58% | 32.73% | 36.01% | 35.46% | 36.26% | 36.78% | 38.67% | 38.41% | 34.92% | 32.91% | 34.79% | 33.23% |
| No. of Shareholders | 1,760 | 1,963 | 2,168 | 2,345 | 3,949 | 4,513 | 6,006 | 7,503 | 13,168 | 15,365 | 22,941 | 29,613 |
Financials of Knowledge Marine
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2022 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 123 | 16 | 41 | 43 | 52 | 58 | 47 | 48 | 50 | 90 | 68 | 115 |
| Expenses + | 88 | 12 | 31 | 27 | 31 | 33 | 31 | 29 | 30 | 51 | 49 | 42 |
| Operating Profit | 35 | 4 | 10 | 16 | 21 | 25 | 17 | 20 | 20 | 39 | 19 | 73 |
| OPM % | 28% | 25% | 24% | 37% | 40% | 43% | 35% | 41% | 40% | 43% | 27% | 64% |
| Other Income + | 0 | 0 | 2 | 0 | 1 | 1 | 3 | 1 | 1 | 3 | 11 | 3 |
| Interest | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 4 | 4 | 3 | 4 | 5 |
| Depreciation | 2 | 1 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 8 | 6 |
| Profit before tax | 32 | 2 | 8 | 12 | 17 | 19 | 14 | 13 | 14 | 35 | 17 | 65 |
| Tax % | 26% | 32% | 13% | 13% | 25% | 19% | 23% | 17% | 13% | 5% | -36% | 4% |
| Net Profit + | 24 | 1 | 7 | 10 | 13 | 16 | 11 | 11 | 12 | 33 | 24 | 63 |
| EPS in Rs | 11.52 | 0.68 | 3.38 | 4.77 | 5.82 | 7.38 | 5.04 | 5.22 | 5.19 | 12.45 | 10.72 | 25.09 |
Financials of Knowledge Marine
Profit & Loss
Annual income statement trend
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 11 | 11 | 24 | 33 | 61 | 202 | 164 | 201 | 256 | 323 |
| Expenses + | 8 | 6 | 16 | 20 | 29 | 133 | 114 | 122 | 159 | 173 |
| Operating Profit | 3 | 4 | 8 | 13 | 32 | 69 | 50 | 78 | 97 | 151 |
| OPM % | 24% | 41% | 32% | 40% | 53% | 34% | 30% | 39% | 38% | 47% |
| Other Income + | 0 | 0 | 0 | 0 | 1 | 1 | 3 | 5 | 16 | 18 |
| Interest | 0 | 1 | 1 | 2 | 2 | 2 | 4 | 10 | 15 | 16 |
| Depreciation | 0 | 1 | 2 | 2 | 2 | 4 | 8 | 11 | 19 | 21 |
| Profit before tax | 2 | 3 | 5 | 9 | 28 | 63 | 41 | 62 | 79 | 131 |
| Tax % | 34% | 10% | 20% | 28% | 25% | 26% | 25% | 20% | -0% | |
| Net Profit + | 1 | 3 | 5 | 7 | 21 | 48 | 31 | 50 | 79 | 131 |
| EPS in Rs | 1.27 | 3.03 | 3.18 | 9.93 | 21.99 | 14.13 | 23.06 | 32.24 | 53.45 | |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Knowledge Marine
Balance Sheet
Capital structure and asset base
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 2 | 2 | 10 | 10 | 11 | 11 | 11 | 12 |
| Reserves | 2 | 4 | 8 | 17 | 37 | 123 | 157 | 207 | 558 |
| Borrowings + | 7 | 11 | 16 | 17 | 26 | 25 | 60 | 133 | 222 |
| Other Liabilities + | 5 | 12 | 9 | 7 | 20 | 50 | 32 | 43 | 28 |
| Total Liabilities | 14 | 30 | 36 | 51 | 94 | 209 | 259 | 394 | 820 |
| Fixed Assets + | 11 | 12 | 27 | 28 | 53 | 59 | 108 | 159 | 211 |
| CWIP | 0 | 8 | 0 | 3 | 2 | 8 | 12 | 50 | 99 |
| Investments | 0 | 1 | 1 | 0 | 3 | 11 | 29 | 0 | 0 |
| Other Assets + | 3 | 9 | 7 | 20 | 36 | 131 | 110 | 185 | 510 |
| Total Assets | 14 | 30 | 36 | 51 | 94 | 209 | 259 | 394 | 820 |
Financials of Knowledge Marine
Cash Flows
Operating, investing and financing cash movement
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 3 | 11 | 2 | 5 | 35 | 21 | 38 | 58 | 74 |
| Cash from Investing Activity + | -10 | -9 | -11 | -4 | -31 | -23 | -72 | -105 | -379 |
| Cash from Financing Activity + | 7 | 5 | 4 | 9 | 7 | 35 | 28 | 64 | 347 |
| Net Cash Flow | -0 | 7 | -6 | 10 | 11 | 33 | -5 | 17 | 42 |
| Free Cash Flow | -8 | 2 | 10 | 2 | 8 | 4 | -20 | -43 | -45 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 133% | 268% | 32% | 51% | 126% | 53% | 95% | 78% | 89% |
Financials of Knowledge Marine
Ratios
Working capital efficiency and return ratios
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 57 | 36 | 46 | 4 | 24 | 101 | 86 | 131 | 109 |
| Inventory Days | |||||||||
| Days Payable | |||||||||
| Cash Conversion Cycle | 57 | 36 | 46 | 4 | 24 | 101 | 86 | 131 | 109 |
| Working Capital Days | -73 | -365 | -92 | 3 | -71 | 19 | 31 | 38 | -67 |
| ROCE % | 24% | 27% | 30% | 50% | 55% | 23% | 25% | 16% |
Guidance history
How Knowledge Marine's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 40%+ | Flat | Planned | — | Rising |
| Q4 FY26 call → | 20–40% | Flat | Planned | Planned | Flat |
| Q3 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q4 FY24 call → | 20–40% | Flat | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
96 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +194.5% | 98% |
| Last 6 months | +87.9% | 96% |
| Last 3 months | +38.4% | 95% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Knowledge Marine: 0.4 × 98 + 0.4 × 96 + 0.2 × 95 = 96.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 16 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.