KMEW Targets Rs 2,000 Crore Projects With 35% EBITDA Margins

Knowledge Marine & Engineering Works Ltd (KMEW) has unveiled an ambitious growth strategy, setting its sights on projects worth Rs 2,000 crore with impressive 35% EBITDA margins. The company, which operates in the dredging, shipbuilding, and port ancillary services sectors, is poised for significant expansion in the coming years.

Diversified Operations and Growth Trajectory

KMEW's operations span three key segments: dredging, shipbuilding, and port ancillary services. The company has demonstrated its capabilities by constructing 34 vessels for its own use and now plans to extend its shipbuilding expertise to construct vessels for the Government of India.

The company's growth trajectory has been remarkable, with turnover surging from Rs 1.49 crore in FY16 to over Rs 200.00 crore in the previous fiscal year. This exponential growth is further underscored by a profit after tax of approximately Rs 50.00 crore.

Strong Order Book and Future Projections

KMEW's order book stands at a robust Rs 881.00 crore as of May 2025, indicating a healthy pipeline of projects. The company has also placed bids for projects worth Rs 3,500.00 crore, showcasing its aggressive pursuit of new opportunities.

Looking ahead, KMEW has set an ambitious target of achieving Rs 600.00-700.00 crore in revenue within the next three years. This projection aligns with the company's overall growth strategy and its focus on high-value projects.

Financial Strength and Debt Management

The company's balance sheet has shown significant expansion, growing from Rs 60.00 crore in FY24 to Rs 133.00 crore in FY25. This growth in assets provides KMEW with a stronger foundation to pursue its ambitious projects.

In a move that strengthens its financial position, KMEW has repaid Rs 50.00 crore in debt to HDFC Bank this fiscal year. The company maintains a healthy equity ratio of 1.5 to 1, indicating a balanced approach to leverage and financial stability.

Expansion into Shipbuilding and Repair Services

As part of its growth strategy, KMEW plans to expand its shipbuilding and repair services to cater to external clients. This move is expected to diversify the company's revenue streams and leverage its existing expertise in vessel construction.

Conclusion

Knowledge Marine & Engineering Works Ltd's ambitious targets and strong financial performance position it as a company to watch in the marine engineering and services sector. With a diverse range of operations, a healthy order book, and plans for expansion, KMEW appears well-equipped to navigate the waters of growth and capitalize on opportunities in the maritime industry.

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Knowledge Marine & Engineering Works Limited (KMEW), a prominent player in the marine industry, has successfully completed the appointment of Mr. Hemant Kumar Sibal as Non-Executive Director through postal ballot voting, following its earlier announcement of significant corporate actions including a substantial capital raise and board restructuring.

Postal Ballot Results and Director Appointment Confirmation

The company announced the successful completion of postal ballot voting for the appointment of Mr. Hemant Kumar Sibal (DIN: 11300312) as a Non-Executive Director. The voting process, conducted through remote e-voting, commenced on November 15, 2025, and concluded on December 14, 2025.

Voting Details:	Results
Voting Period:	November 15 - December 14, 2025
Promoter Group Votes in Favor:	1,45,395 votes (99.84%)
Promoter Group Votes Against:	232 votes (0.16%)
Resolution Status:	Passed with requisite majority

The resolution was passed with overwhelming support from the promoter group, with 99.84% of valid votes cast in favor of Mr. Sibal's appointment. The scrutinizer's report was submitted by Ms. Preeti Singhania of P. Singhania Associates, Chartered Accountants.

Previous Capital Raise and Corporate Actions

Earlier, the company's Board of Directors had approved a substantial capital raise through a preferential issue of equity shares and convertible warrants, totaling Rs 284.81 crores.

Capital Raise Components:	Details
Equity Share Issue:	14,21,054 shares at Rs 1,900.00 each
Amount from Equity Shares:	Rs 270.00 crores
Convertible Warrants:	77,946 warrants at Rs 1,900.00 each
Amount from Warrants:	Rs 14.81 crores
Total Fundraise:	Rs 284.81 crores

Key Investor Participation

The preferential issue attracted notable investors to KMEW's shareholding structure:

Investor Name:	Category	Investment Amount
Infinity Direct Holdings:	Non-Promoter	Rs 88.20 crores
Infinity Direct Capital:	Non-Promoter	Rs 103.80 crores
Infinity Partners II – Direct:	Non-Promoter	Rs 48.00 crores
Ashish Kacholia:	Non-Promoter	Rs 10.00 crores
Sujay Kewalramani:	Promoter	Rs 14.81 crores

Board Restructuring and Leadership Changes

The appointment of Mr. Hemant Kumar Sibal completes the board restructuring process that began with Mr. Jagat Jiban Biswas's resignation as Non-Executive Non-Independent Director due to personal health reasons. Mr. Sibal brings 27 years of experience in the Marine Industry, including his tenure as Deputy Conservator at Kandla Port Trust.

The Nomination and Remuneration Committee has been reconstituted following these changes, and CARE Ratings Limited has been appointed as the monitoring agency for the preferential issue.

Strategic Implications

The completion of both the capital raise and board appointment positions KMEW for enhanced operational capabilities and strategic growth. The substantial capital infusion of Rs 284.81 crores, combined with the expertise of new board member Mr. Sibal and the confidence shown by prominent investors like Ashish Kacholia and Infinity group entities, strengthens the company's foundation for future expansion in the marine sector.

The overwhelming approval of Mr. Sibal's appointment through the postal ballot process demonstrates strong promoter confidence in the strategic direction and leadership composition of the company.