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    Knowledge Marine & Engineering Works Limited

    Owns and charters dredgers, tugs and port craft; also builds ships for Indian ports and inland waterways

    Services
    Services
    View KMEW earnings calls
    ₹2,072.9
    +8.46% from avg

    Overview

    Price

    ₹2,072.9

    Market Cap

    ₹6.2k Cr

    Sector

    Services

    Services

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital210101111111112
    Reserves81737123157207229558
    Borrowings1617262560133146222
    Other Liabilities97205032484728
    Total Liabilities365194209259399432820
    AssetsFixed Assets27285359108159190211
    CWIP032812502799
    Investments103112960460
    Other Assets72036131110129169510
    Total Assets365194209259399432820

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating11253521385874
    Cash from Investing-9-11-4-31-23-72-127-379
    Cash from Financing5497352864347
    SummaryCapital Expenditure
    Free Cash Flow210284-20-43-45
    FCF Margin

    Valuation

    Assumptions

    Current — KMEW
    Price
    ₹2,073
    EPS (TTM)
    ₹29.11
    PE (TTM)
    71.2
    Profit growth
    40.0%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (66.9×) and current (71.2×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹2,073
    vs
    Fair value · 15% return
    ₹5,141
    148%Undervalued

    At 40% growth and a 67× exit, ₹2073 only delivers your return if you pay ₹5,141. The price is currently baking in 19% growth.

    EPS grows 40%/yr for 5 years, then fades to 6% over 2, exits at 67×.

    YearGrowthEPS (₹)
    FY2740.0%40.75
    FY2840.0%57.06
    FY2940.0%79.88
    FY3040.0%111.83
    FY3140.0%156.56
    FY3223.0% ·fade192.57
    FY336.0% ·fade204.12

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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