Knowledge Marine & Engineering Works Ltd

- The company has raised INR285 crores through a preferential issue of equity shares and warrants recently; out of this, INR183 crores is allocated for capex, INR30 crores for working capital, and INR71 crores for general corporate purposes. - There is mention of an upcoming investment of close to INR100 crores in the shipyard, funded by a mix of debt and equity. - The capex related to fleet expansion and projects will be deployed over a period of around 3 years. - No specific announcement of any new fundraising beyond these is mentioned in the transcript up to February 19, 2026.

- Knowledge Marine plans to invest close to INR 100 crores in their shipyard, funded through a mix of debt and equity, to enable building of green tugs and smaller vessels (Page 11). - The shipyard will focus on vessels under 100 meters in length and draft not exceeding 5 meters, targeting a top-line revenue of INR 500-700 crores within 3 years (Page 11). - The company has raised INR 285 crores via equity and warrants, earmarked for fleet expansion, projects in hand, and shipbuilding projects. The capex allocation from this raise is INR 183 crores (Page 4). - The INR 285 crores capex fund deployment is expected to be spread over 3 years (Page 9). - They also plan investments in larger dredgers going forward to complement their focus on smaller vessels (Page 8).

- Company recorded a 56% year-on-year increase in revenue in Q3 FY 2026; Q3 revenue at INR90 crores with 79% quarter-on-quarter growth. - Growth driven by scaling efficiencies, improved realizations, and stronger market demand. - Order book stands at INR1,500 crores with bids in pipeline exceeding INR3,000 crores, indicating robust future order inflows. - Shipyard expansion with INR100 crores capex planned; expected to generate INR500-700 crores revenue within 3 years. - Actively participating in tenders for 120-130 green tugs at major Indian ports; potential significant growth in shipbuilding and chartering. - Dredging business currently less than 2% market share; expected market growth due to government focus on national waterways. - Expect sustained higher revenue and profitability as current quarter performance is considered a new benchmark.

- Q3 FY 2026 marked one of the strongest quarters, with a 56% YoY revenue increase, indicating accelerated growth. - Revenue for the quarter was INR 90 crores, a 79% QoQ growth, with EBITDA margin at 43% and PAT margin at 34%, reflecting improved operating efficiency and profitability. - Expansion initiatives and a growing order book have begun contributing meaningfully to revenue, supporting sustained growth. - The company believes the current strong quarterly performance can be considered a new benchmark going forward. - Effective tax rate under tonnage tax scheme expected to be significantly lower, around less than 1% of turnover, further enhancing profitability. - Order book stands robust at INR 1,500 crores with bids worth over INR 3,000 crores in the pipeline, supporting future revenue growth. - Capital allocation and cost discipline will continue to maintain sustainable and profitable growth trajectory.

- Current order book as of February 19, 2026: INR 1,500 crores - Dredging order book: INR 409 crores - Charter hire order book (including green tug contracts): INR 863 crores - Shipbuilding order book: INR 230 crores - Bids in pipeline worth more than INR 3,000 crores - Dredging orders in pipeline: INR 1,400 crores - Chartering orders in pipeline: INR 1,000 crores - Shipbuilding orders in pipeline: INR 704 crores