Ashish Kacholia’s portfolio stock secures new order worth Rs 98.06 crore

About the order

Knowledge Marine & Engineering Works Limited secured a project from the Inland Waterways Authority of India (IWAI) for maintaining a 146 km stretch of National Waterway-1 on the Ganga River between Farakka and Kahalgaon. The contract value is Rs. 98.06 crore for an initial period of 3 years with a potential 2-year extension. This win strengthens Knowledge Marine’s position in the dredging and waterway maintenance sector.

Shares of Knowledge Marine & Engineering Works Limited have also delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price surged from Rs 36.85 on March 21, 2021, to Rs 1500.00 on March 11, 2024, representing an increase of about 3,900% in a three-year holding period.

Financial Performance

In H1FY24, the company posted a 12.9% decrease in its consolidated revenue at Rs 106.88 crore compared to Rs 122.71 crore from the previous year’s corresponding quarter. The operating profit of the company stood at Rs 37.07 crore, while the PAT of the company stood at Rs 24.42 crore, from Rs 23.84 crore last year in the same quarter.

Business Overview

Knowledge Marine & Engineering Works Limited is engaged in the business of owning and operating Marine Crafts for dredging along with repairs and maintenance and refits of Marine Crafts and Marine Infrastructure. Its group started its business in the year 2013 under the name Kamal Marine & Engineering Works, which undertakes the business of repair & refits of marine crafts.

Stock Price Movement

Today, the stock opened at Rs 1510.50, with a high and low of Rs 1535.00 and Rs 1480.00, respectively. The stock is currently trading at Rs 1500.00, which decreased by 0.02%. The stock has a 52-week high of Rs 1815.00 and a 52-week low of Rs 845.10.

The stock has shown impressive growth, and investors should keep a close eye on this stock.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.