Multibagger
Stock: 3,000%
Returns In
5 Years! Do
You Own It?

Multibagger Return

Shares of Knowledge Marine & Engineering Works have delivered over 750% return to its investors in one year and about 3,000% return in the last five years

About Knowledge Marine
& Engineering Works

Incorporated in 2015, Knowledge Marine & Engineering Works is an established player in the dredging and small craft business segment in India. In the last 5 years, it has  evolved from a small ship-repair unit to a dredging and ship-owning company

Knowledge Marine &
Engineering Works:
What It Does

It is engaged in the business of owning, chartering/hiring along with manning, operation and technical maintenance of marine crafts, dredging and repairs/maintenance of marine crafts and marine infrastructure and allied works in India

Allotment of
Preferential Shares

In November, the company announced to issue 5.65 lakh preferential shares at an issue price of Rs 700 each aggregating to Rs 39.55 crore, including seasoned investor Ashish Kacholia

Ashish Kacholia’s Stake 

Seasoned investor Ashish Kacholia is also included among the seven entities that are likely to get the preferential allotment of the equity shares of Knowledge Marine & Engineering Works. He is likely to own 2 lakh equity shares or 1.85% stake in the company in the then exchange filing

What are
Preferential Shares?

Preferential shares is a component of share capital that may have any combination of features not possessed by common stock, including properties of both an equity and a debt instrument, and it’s generally considered a hybrid instrument

D-Street Performance

Shares of Knowledge Marine & Engineering Works hit a lifetime high of Rs 1,146.35 and closed at Rs 1,127.90 on January 2, 2023, with the total market-cap hitting nearly Rs 1,155 crore

Order Win

Knowledge Marine & Engineering Works had received a one-year dredging contract worth Rs 67.85 crore from Dredging Corporation of India (DCI) for its Mangrol Fishing Harbour facility in May, 2022 for capital dredging in hard rock 

Knowledge Marine &
Engineering Works:
Financial Performance

The smallcap dredging company reported a 425% jump in the net profit to Rs 23.84 crore for the half year ended September 2022. The company's bottomline stood at Rs 4.54 crore in the same period the previous year

Knowledge Marine &
Engineering Works:
Revenue

Its revenue from operations surged 540% to Rs 122.71 crore in April-September 2022 as compared to Rs 19.16 crore in the same period previous year

Disclaimer

The stock mentioned in the story is for information purpose only. Investors or market participants should consult their financial advisors before taking any position

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