Ashish Kacholia holds 2.78% stake & Rs 881 crore order book: Marine infrastructure company bags order worth Rs 47,59,41,200 from Deendayal Port Authority
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The stock is up over 40 per cent from its 52-week low of Rs 1,005 and has given multibagger returns of 230 per cent in 3 years.
Knowledge Marine & Engineering Works Ltd (KMEW) has been awarded a new Rs 47,59,41,200 contract by the Deendayal Port Authority (DPA) for dredging work at the Ghogha Ro-Ro Terminal in Gujarat. The project, which is to be completed over 12 months, involves dredging the approach channel and turning circle to a depth of 6.8 meters below the chart datum. KMEW secured this domestic contract against strong competition, highlighting its expertise and strategic approach to winning bids. To ensure operational efficiency and maximise its fleet utilisation, the company will deploy its existing vessel, the River Pearl 8, for the project.
The contract is divided into two main phases. The initial capital dredging work, valued at 60 per cent of the total contract amount, is to be completed within the first three months. The remaining maintenance dredging will be carried out over the subsequent nine months, generating the remaining 40 per cent of the contract's revenue. This project reinforces KMEW's reputation as a dependable player in India's dredging industry and underscores the port authority's confidence in the company's ability to execute complex projects on time and with technical proficiency, building on its decade-long track record of consistent performance at major Indian ports.
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About the Company
Incorporated in 2015, Knowledge Marine & Engineering Works Ltd. (KMEW) specialises in marine engineering, including the ownership and operation of marine crafts, dredging and the repair and maintenance of ships and marine infrastructure. The company has grown from a small ship-repair unit to a ship-owning company, establishing itself as a key player in India's small marine craft and dredging sectors. KMEW holds a multi-million order book with prestigious clients, including the Ministry of External Affairs and major port trusts such as Kolkata, Visakhapatnam, Deendayal, Paradip and the Dredging Corporation of India.
The company has a market cap of over Rs 1,900 crore. As of May 2025, the company’s order book stands at Rs 881 crore. An ace investor, Ashish Kacholia, holds the highest public stake in the company, owning 3,00,000 shares or 2.78 per cent as of March 2025. The shares of the company have an ROE of 26 per cent and an ROCE of 24 per cent. The stock is up over 40 per cent from its 52-week low of Rs 1,005 and has given multibagger returns of 230 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.