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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Dredging and Ancillary Services (71%), Ship Building and Repairing (20%), Bahrain (7%), Geographical Dredging Services (Myanmar) (3%). Asset-heavy marine engineering and dredging business with high EBITDA margins (43.83% in FY26) and capex of 46.5% of revenue directed at vessels and a planned shipyard
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 61 | 202 | 164 | 201 | 256 |
| EBITDA (ex other income) | — | — | — | 78 | 97 |
| margin % | — | — | — | 39.0 | 37.8 |
| Owners' profit | — | — | — | 15 | 79 |
| EPS, as reported (₹) | 19.89 | 45.26 | 30.63 | 46.12 | 34.57 |
| ROE % · ROCE % | — · 43.5 | — · 45.2 | — · 21.6 | 22.6 · 24.3 | 13.8 · 13.7 |
| Debt / equity (x) | — | — | — | 0.61 | 0.39 |
| Cash from operations | 35 | 21 | 38 | 58 | (200) |
| Capex | — | — | — | (63) | (119) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 96 | 58 | 47 | 48 | 99 | 90 | 68 | 115 |
| Profit before tax | 29 | 19 | 14 | 13 | 27 | 35 | 17 | 65 |
| Net profit | 23 | 16 | 11 | 11 | 22 | 33 | 24 | 63 |
| EPS (₹) | 21.17 | 14.77 | 10.09 | 10.43 | 20.80 | 13.35 | 9.63 | 25.67 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Dredging and Ancillary Services | 132 | 48.2 |
| Ship Building and Repairing | 38 | 13.8 |
| Bahrain | 20 | 7.2 |
| Dredging and Anciliary Services | 35 | 12.7 |
| Ship building and repairing | 15 | 5.6 |
| India | 27 | 9.9 |
| Myanmar | 7 | 2.6 |
| Total, before eliminations | 273 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B |
|---|
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · 11th AGM notice published in newspapers | compliance | minimal | — | — |
| 8 Sept 2026 · Annual Report FY25-26 and 11th AGM Notice sent to non-email shareholders | board shareholder meetings | low | — | — |
| 8 Sept 2026 · AGM notice with stock split, NCD issuance, and auditor appointment | board shareholder meetings | low | — | — |
| 8 Sept 2026 · KMEW submits FY25-26 Annual Report and 11th AGM Notice | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Board approves Rs 500 cr NCD issue, stock split to Rs 1 face value, AGM on Sep 30 | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Board meeting on Sept 8 to consider NCD issuance within 1200 Cr borrowing limit | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Board Meeting on Sept 8 to Consider Raising Funds via Securities | compliance | minimal | — | — |
| 2 Sept 2026 · KMEW Q1 FY27 earnings: revenue up 138 percent, raises FY27 growth guidance | investor communications | medium | — | — |
| 26 Aug 2026 · Q1 FY27 Earnings Call Audio Recording Made Available | investor communications | low | — | — |
| 24 Aug 2026 · KMEW to hold Q1 FY27 earnings call on August 26, 2026 | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| EV/EBITDA |
|---|
| ROE % |
|---|
| ROCE % |
|---|
| Rev CAGR 5y % |
|---|
| EBITDA m. % |
|---|
| KNOWLEDGE MARINE & EN W L ◆ | 7,087 | 41.5 | 12.37 | 64.4 | 13.8 | 11.5 | 50.4 | 66.4 |
| DREDGING CORP OF INDIA | 2,923 | 59.2 | 2.38 | — | 0.4 | 0.3 | — | 17.7 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 41.5 | 14.6 | 304 of 373 | 18% |
| P/B | 12.4 | 1.4 | 325 of 338 | 4% |
| ROCE | 11.5 | 3.6 | 100 of 427 | 77% |
| ROE | 13.8 | 3.4 | 79 of 404 | 81% |
| Debt / Equity | 0.4 | 0.1 | 297 of 405 | 27% |
| EBITDA margin | 66.4 | 9.8 | 43 of 341 | 88% |
| Revenue growth | 138.1 | 9.2 | 41 of 333 | 88% |
| Profit growth | 466.1 | 7.9 | 33 of 369 | 91% |
| Market cap | 7087 | 51 | 23 of 414 | 95% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
