| Market Cap | ₹7,835.54 CrMarine Services |
|---|---|
| Revenue TTM | ₹323.22 CrOperating Income |
| P/E Ratio | 60.48Sector PE 28.09 |
| Order from | New Mangalore Port Authority (NMPA) |
| Execution period | 3 years (FY 2026-27 to FY 2028-29) |
| Deal value | ₹303.17 Cr |
| Share of market cap | 3.9% |
| Share of annual revenue | 93.8% |
Key highlights
- Total contract value of ₹303.17 crore including GST for a three-year execution period
- Post-monsoon maintenance dredging of 15.9 million cubic metres over the contract term
- Average annual dredging volume of 5.3 million cubic metres across the approach channel and lagoons
- KMEW emerged as the L1 bidder with a quote approximately 10.16 percent below the competition
- Operations scheduled to commence on November 15, 2026, with 150-day annual completion windows
Strategic Breakthrough at New Mangalore Port
Knowledge Marine & Engineering Works Ltd has transitioned to large-scale port maintenance with its latest award from the New Mangalore Port Authority. The contract, valued at ₹303.17 crore, is equivalent to approximately 93.8 percent of the company's trailing twelve-month revenue of ₹323.22 crore. This project marks the first time KMEW has been tasked with maintaining the depths of an entire port premises, rather than specific sections.
The company secured the project after being identified as the lowest bidder, beating out competition with a bid price roughly 10.16 percent lower than the next participant. Execution will span the financial years 2026-27 through 2028-29.
Technical Scope and Depth Specifications
- Dredging of the 7.5 km outer approach channel up to 15.40 metres below Chart Datum
- Maintenance of the Lagoon, Oil Dock Arm, and Turning Circle up to 15.10 metres depth
- Deployment of a Trailing Suction Hopper Dredger (TSHD) for high-volume operations
- Specialized dredging for pump-house areas and designated berth faces ranging from 6m to 15.10m
- Total volume includes 180,000 cubic metres of berth-face and 18,000 cubic metres of pump-house dredging
- Annual base contract value estimated at approximately ₹101.07 crore including taxes
Shift to Full-Spectrum Marine Infrastructure
This is a landmark order for KMEW and an important milestone in our journey towards building an integrated marine infrastructure company. The scale of this contract represents a significant progression from the comparatively smaller-volume dredging assignments to a sustained, perpetual, large-volume maintenance dredging programme.
Order Book Momentum and Revenue Targets
The New Mangalore Port order follows a string of significant contract wins in 2026, including a ₹279.33 crore tug charter from the Mumbai Port Authority and a ₹66.11 crore ferry contract from IWAI. These wins support management's upgraded FY27 revenue growth guidance of over 60 percent year-on-year. As of September 2026, the company reported an active bidding pipeline exceeding ₹3,500 crore across shipbuilding and dredging segments.
KMEW is currently targeting a revenue milestone of ₹1,000 crore by FY29, supported by its transition from a ship-repair unit to a vessel-owning dredging specialist.
| Date | Announcement | Amount |
|---|---|---|
| 19 Sep 2026 | Receipt of work order from Mumbai Port Authority for chartering of one 60-ton bollard pull battery-operated electric Green Tug for 15 yearsSource: BSE filing | ₹279.33 Cr |
| 10 Aug 2026 | Receipt of work order from Paradip Port Authority for hiring of one 25-knot speed patrol-cum-chase boat with manning crew for 5 yearsSource: BSE filing | ₹11.41 Cr |
| 20 Jun 2026 | Award of contract from Inland Waterways Authority of India (IWAI) to consortium for design, construction, supply, testing, and commissioning of 10 hybrid electric passenger ferries with 60-month maintenance commitmentSource: BSE filing | ₹66.11 Cr |
| 19 Dec 2025 | Receipt of work order from Dredging Corporation of India Limited for rock dredging at the coastal berth of JNPASource: dalalos.in | ₹58.39 Cr |
| 19 Nov 2025 | Receipt of Letter of Award from Visakhapatnam Port Authority for 15-year charter, operation, maintenance, and technical management of one ASTDS-GTTP Green TugSource: aliceblueonline.com | ₹384.33 Cr |
| 27 Oct 2025 | Receipt of Letter of Intent from V.O. Chidambaranar Port Authority for hiring of a 60-ton electric Green Tug under GTTP for 15 yearsSource: NSE filing | ₹385.76 Cr |
What to watch next
- Record date for 5-for-1 equity share split: November 06, 2026
- Scheduled commencement of dredging operations for Year 1: November 15, 2026
- Progress on the 15-year battery-operated Green Tug charter for Mumbai Port Authority
- Potential updates on the ₹3,500 crore active bidding pipeline in early 2027
“This award, is the infliction point for owning and operating mid-size Trailing Suction Hopper Dredger by the Company.”
“This move enables the company to place itself as a Full-Spectrum/ Dual-Market Strategy business model.”
| Share price | ₹3089.2 |
|---|---|
| Market capitalisation | ₹7,835.54 Cr |
| Revenue (annual) | ₹256.28 Cr |
| Net profit (annual) | ₹78.80 Cr |
| Revenue (latest quarter) | ₹115.41 Cr+70.69% vs previous quarter |
| Net profit (latest quarter) | ₹61.73 Cr+135.52% vs previous quarter |
| P/E (TTM) | 60.48×Sector 28.09× |
| Promoter holding | 50.3%-1.26% QoQ |
| FII holding | 12.72%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Knowledge Marine & Engineering Works Ltd announcing the receipt of a ₹303.17 crore work order from New Mangalore Port Authority. Market figures from a third-party data provider.
