| EBITDA Margin: guided vs achieved | 55.00% achieved Guided 35.00%–40.00%, 37.5% above the top of the range; confirmed by management |
|---|---|
| Revenue guidance | 60.0% → 80.0% Raised by 20.0 percentage points |
| Management target | Revenue 80.0% FY27 |
| Revenue growth | Revenue up 89% YoY to ₹186.21 Cr in H1 FY27. |
|---|---|
| Margins | EBITA margin 55% in H1, above earlier 35–40% guidance; guided above 45%. |
| Order book | Confirmed order book ~₹1,732 Cr; target above ₹2,000 Cr sustained. |
| Demand visibility | Pipeline cited at ₹3,500 Cr, later ₹2,500–3,000 Cr; tender outcomes pending. |
| Management confidence | Optimistic; claims phenomenal Q3–Q4 jump, hedged guidance upgrades. |
Growth
Revenue +89%, EBITA +155%, PAT +267% YoY. PAT is flattered by interest income and a ~23% effective tax rate.
Outlook
FY27 revenue growth guided at ~80%, hedged as 'can look to'. FY28–29 growth of 40–60% referenced. EBITA margin guided above 45%.
Risks
Revenue depends on pending tenders and unconfirmed follow-on dredging work. Bahrain operations are paused, and Safale commissioning may slip past Q4 FY27.
Last quarter's promises, checked
Delivered
- Guided EBITDA margin 35–40% → H1 EBITA 55% (= BEAT)
- Guided order book ₹1,300+ Cr → ₹1,732 Cr (= BEAT)
Partly delivered
- Guided FY27 growth >60% → H1 +89%, FY27 ~80% (= PARTIAL)
- Guided Phase I yard by Mar-27 → Feb-27 target, slip risk (= PARTIAL)
- Guided ₹1,000 Cr capex in 1.5 yrs → 2 yrs (= PARTIAL)
Missed
- Guided pipeline ₹3,500+ Cr → ₹2,500–3,000 Cr (= MISS)
- Guided tender results in 30–45 days → still pending (= MISS)
Earnings Call Transcript filed with NSE, NSE: KMEW. Summary written with AI assistance from the document.
Knowledge Marine & Engineering Works Ltd: key numbers
- Share price
- ₹652.80
- Market cap
- ₹1,656 Cr
- Revenue (annual)
- ₹256.3 Cr
- Net profit (annual)
- ₹78.80 Cr
- P/E (TTM)
- 12.0×Sector 29.0×
- Promoter holding
- 50.30%-1.26% QoQ
- FII holding
- 12.72%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Knowledge Marine & Engineering Works Ltd
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- dredging capacity
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Knowledge Marine & Engineering Works Bags ₹303.2 Cr Order from New Mangalore Port Authority
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- Value
- ₹303.2 Cr
- From
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- Execution
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- dredging volume over 3-year contract
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Knowledge Marine & Engineering Works Other Announcement
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