Knowledge Marine & Engineering Works Ltd shares jump 1.33% as KMEW wins dredging order from New Mangalore Port Authority
Why did Knowledge Marine & Engineering Works Ltd shares jump today?
Knowledge Marine & Engineering Works Ltd (KMEW) shares saw a positive movement on Friday, trading at ₹3,125.6 as of 01:11 PM, marking a gain of 1.33%. The uptick came after the company announced a significant new work order that boosts its order book and strengthens its position in the maintenance dredging segment. The stock reacted positively as investors welcomed the news of fresh revenue coming in over the next three years.
On October 30, 2026, KMEW informed the stock exchanges under Regulation 30 of SEBI's Listing Obligation and Disclosure Requirements (LODR) Regulations that it has received a work order from the New Mangalore Port Authority (NMPA) for maintenance dredging at New Mangalore Port. The project covers the financial years 2026-27, 2027-28, and 2028-29, making it a three-year engagement. The total value of the work order stands at ₹303.17 crore (approximately ₹3.03 billion) including GST.
This work order is a meaningful addition to KMEW's pipeline, as maintenance dredging at major Indian ports is a recurring and reliable revenue source. The company, which is a shipbuilder, repairer, charterer, and marine contractor, has been steadily expanding its presence in port-related services. A three-year contract valued at over ₹300 crore provides visibility on future earnings and underscores the trust that port authorities place in KMEW's capabilities, which investors have clearly recognized in today's share price movement.
What does Knowledge Marine & Engineering Works Ltd do?
Knowledge Marine & Engineering Works Limited operates as a marine-focused enterprise engaged in ship building, ship repair, chartering, and marine contracting. The company is listed on both BSE Limited (Scrip Code 543273) and the National Stock Exchange of India Limited (Symbol: KMEW), with its shares trading under the INE0CJD01029 ISIN, reflecting its presence in the Indian capital markets.
The company undertakes marine engineering projects for major port authorities, exemplified by its receipt of a work order from New Mangalore Port Authority (NMPA) for maintenance dredging at New Mangalore Port. This three-year engagement, covering the years 2026-27, 2027-28, and 2028-29, is valued at ₹303.17 crore (Rupees Three Hundred Three Crores and Seventeen Lakhs), underscoring KMEW's capability to secure substantial contracts in the port maintenance and dredging segment.
Knowledge Marine & Engineering Works Ltd Financials
In CroresKnowledge Marine & Engineering Works Ltd demonstrated strong financial growth between the March 2026 and June 2026 quarters. Revenue rose from ₹67.62 Crores to ₹115.41 Crores, representing an increase of approximately 70.7% quarter-over-quarter. Profitability saw even more impressive gains, with profit jumping from ₹26.21 Crores to ₹61.73 Crores — a growth of roughly 135.5%. Notably, profit grew at a significantly faster rate than revenue, indicating improving margins and greater operating efficiency during the quarter. In fact, the profit margin expanded from about 38.8% in March 2026 to approximately 53.5% in June 2026. Both top-line and bottom-line metrics reflect a clear upward trend, suggesting robust demand and effective cost management during this period.
Knowledge Marine & Engineering Works Ltd Shareholding Pattern
Promoter holding stands at 50.3% of the total share capital. Foreign Institutional Investors (FIIs) hold 12.72% stake in the company, while Domestic Institutional Investors (DIIs) hold 3.76%. Public shareholders hold the remaining 33.23% stake in Knowledge Marine & Engineering Works Ltd.
Knowledge Marine & Engineering Works Ltd FAQs
Q: Why did Knowledge shares jump 1.33% today?
We are please to inform you that the KMEW has received a work order from New Mangalore Port Authority (NMPA) for Maintenance Dredging at New Mangalore Port for the period of 3 years. The ..... This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Knowledge Marine & Engineering Works Ltd?
As per the latest data, promoters hold 50.3% stake in Knowledge Marine & Engineering Works Ltd, while FII holding stands at 12.72%. Domestic institutional investors hold 3.76%, and public shareholders account for 33.23% of the equity.
Q: What is the current stock price of Knowledge Marine & Engineering Works Ltd?
Knowledge Marine & Engineering Works Ltd shares are currently trading at ₹3125.6, recording a gain of 1.33% from the previous close.
Q: What is the market capitalization of Knowledge Marine & Engineering Works Ltd?
The company currently has a market capitalization of ₹7927.87 crore, reflecting its valuation in the Indian equity market.