Knowledge Marine & Engineering Works announced that its promoter and Managing Director Saurabh Daswani has sold equity shares through an open market transaction. The ship building company filed the mandatory disclosure under SEBI Insider Trading Regulations on December 31, 2025.

Transaction Details

The share sale transaction involved specific parameters that were disclosed to the stock exchanges:

Shareholding Pattern Changes

The transaction resulted in changes to Saurabh Daswani's shareholding in the company:

Despite the sale of 1,800 shares, Daswani's percentage shareholding remained at 10.52%, indicating the relatively small size of the transaction compared to his total holdings.

Regulatory Compliance

The disclosure was made in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, specifically under Regulation 7(2) read with Regulation 6(2) for continual disclosure requirements. Company Secretary and Compliance Officer Avdhoot Kotwal signed the disclosure document.

Company Profile

Knowledge Marine & Engineering Works Limited operates as ship builders, repairers, charterers and marine contractors. The company is listed on both BSE and NSE exchanges with CIN L74120MH2015PLC269596. Its registered office is located in Chembur East, Mumbai.

Nuvama Institutional Equities has initiated coverage on Knowledge Marine & Engineering Works , a stock backed by ace investor Ashish Kacholia, with a "buy" rating and a price target of Rs 2,500. The brokerage values the stock at 25 times estimated earnings per share of Rs 100, marking the first analyst recommendation since the company's migration from the SME to mainboard platform.

Three Key Bullish Triggers

Maritime Sector Tailwinds and Strategic Positioning

Nuvama's bullish stance is anchored on India's maritime sector reaching a significant turning point, with unprecedented emphasis on infrastructure creation and inland waterway development. The brokerage highlighted Knowledge Marine & Engineering Works' competitive advantages, including a robust 50% order-win rate in an environment characterized by high entry barriers and limited competition in the dredging industry.

The company operates a diversified business model with superior EBITDA margins of 35% to 40%. The order book composition demonstrates balanced diversification:

Robust Order Book and Profitability Outlook

The company's order book performance demonstrates exceptional business momentum, with the latest figures showing substantial growth:

The substantial order book includes contracts from major government entities such as IWAI and DCI, along with significant green tug orders under the Green Tug Transition Programme. The company has recently won 2 out of 6 tenders under GTTP, with ten more tenders expected by 2027.

Strong Growth Projections and Execution Capabilities

Nuvama's financial projections for Knowledge Marine & Engineering Works demonstrate confidence in the company's execution capabilities:

The brokerage expects profitability to rise significantly under the Tonnage Tax Scheme, projecting PAT margin at over 30%. Nuvama also highlighted the company's execution capabilities across geographies like Myanmar and Bahrain, along with its capital and maintenance dredging operations and diversified fleet.

Shareholding Pattern and Investor Interest

The company's shareholding structure reflects strong promoter commitment and notable investor backing:

The backing of ace investor Ashish Kacholia adds credibility to the investment thesis, while the initiation of analyst coverage following the mainboard migration represents a significant milestone that could attract institutional investor attention.

Risk Factors and Market Outlook

Nuvama identified several risk factors including new ventures, policy or weather dependence, international exposure, and potential delays in execution or order inflows. Despite these risks, the brokerage remains confident in the company's ability to deliver consistent performance over the forecast period.

The comprehensive analysis and buy recommendation could serve as a catalyst for further investor interest in the shipbuilding and marine engineering sector, particularly given the favorable industry dynamics and the company's strong market positioning.