KNOWLEDGE MARINE & EN W L

Provides dredging services to deepen and maintain waterways, ports and harbours in India and overseas. For FY26 ending 31 March 2026, Dredging and Ancillary Services contributed 70.8% of segment revenue at ₹193.50 crore, followed by Ship Building and Repairing at 19.5% (₹53.26 crore), operations in Bahrain at 7.2% (₹19.65 crore) and Geographical Dredging Services in Myanmar at 2.6% (₹7.09 crore). Total FY26 revenue was ₹256.28 crore with an EBITDA margin of 43.83%. It runs a fleet of 45 crafts including 16 dredgers and reported 100% fleet utilisation at its June 2026 investor meet. As of Q3 FY26, the order book stood at ₹1,500 crore (dredging ₹409 cr, charter hire ₹863 cr, shipbuilding ₹230 cr) with a bid pipeline of over ₹3,000 crore. The business has expanded into commercial shipbuilding with ₹230+ crore of orders from the Inland Waterways Authority of India, ₹700 crore of green tug contracts, and a ₹66.11 crore IWAI contract to design, build and commission 10 hybrid electric passenger ferries, with a ₹100 crore planned shipyard investment targeting ₹500–700 crore of revenue within three years. Materials are the biggest input cost at 49.6% of revenue, and capex ran at 46.5% of revenue, reflecting heavy investment in vessels and shipyard.