Knowledge Marine & Engineering Works Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Knowledge Marine & Engineering Works Ltd trades at ₹2,402, in a confirmed uptrend and 49 weeks into that stage. That is +39.3% against its own 200-day average. It sits at 99% of a 52-week range of ₹873 to ₹2,410. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 3 straight weeks.

Today the stock is in a confirmed uptrend — week 49 of stage 2, confirmed. At ₹2,402 it trades +39.3% versus its 200-day average and sits at 99% of its 52-week range (₹873–₹2,410).

Against the market, two honest reads. Cumulative: over the last 5.3 years the stock moved +12,935% while the NIFTY 500 moved +90% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 3 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 97th percentile of its own range.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Knowledge Marine & Engineering Works Ltd trades at 75.9× P/E, at the pricey end of its own range (97th percentile). Its long-run median P/E is 33.9×, measured across 5.3 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 75.9× is at the pricey end of its own range (97th percentile), against a long-run median of 33.9× measured over 5.3 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

🚨 Why the multiple sits where it does: over the past year annual EPS moved +40.4% against a +163.7% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 5y, of the +150.1%/yr price move, ~+28.8%/yr came from earnings growth and ~+121.3 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources disagree by up to 50% on reported income across 11 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Knowledge Marine & Engineering Works Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 6 quarters across 1 curve, on partial evidence.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

4-Factor Sector Score

56.7/100 — rank 4 of 6 in Shipping · 83% evidence confidence

Knowledge Marine & Engineering Works Ltd scores 56.7 out of 100 against the 6 companies it is compared with in Shipping, ranking 4. Price leads the evidence: RS versus the benchmark is 52.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

The four contributions add to the total exactly: 15.5 + 15.3 + 5.9 + 20 = 56.7. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Knowledge Marine & Engineering Works Ltd reported ₹68.0 Cr of revenue in the Mar 26 quarter, +44.7% year on year. That is the 2nd straight quarter of year-on-year growth. Over 8 years it has compounded at 48.2% a year. The last full year, FY26, came in at ₹256 Cr. The last four reported quarters add to ₹256 Cr.

Knowledge Marine & Engineering Works Ltd reported ₹68.0 Cr of revenue in the Mar 26 quarter, +44.7% year on year. That is the 2nd straight quarter of year-on-year growth. Over 8 years it has compounded at 48.2% a year. The last full year, FY26, came in at ₹256 Cr. The last four reported quarters add to ₹256 Cr.

FY26 revenue came in at ₹256 Cr (+27.4% on the year), capping 8 years at 48.2% compound. The latest quarter (Mar 26) printed ₹68.0 Cr, +44.7% year on year — the 2nd consecutive quarter of year-over-year growth.

Pace check: the last four quarters averaged +26.9% growth against the decade's 48.2% — the current year is running slower than its own long-run rate.

→ Revenue grew — did margins hold as it scaled? Next: 27.0% this quarter (−8.0 pp YoY).

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Knowledge Marine & Engineering Works Ltd's operating margin is 27.0% in the Mar 26 quarter, −8.0 percentage points against the same quarter a year ago. Across 9 fiscal years the operating margin has ranged 24.0% to 53.0%. The current quarter sits inside that band.

Knowledge Marine & Engineering Works Ltd's operating margin is 27.0% in the Mar 26 quarter, −8.0 percentage points against the same quarter a year ago. Across 9 fiscal years the operating margin has ranged 24.0% to 53.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 27.0%, −8.0 pp against the same quarter a year ago. Across 9 fiscal years the operating margin has ranged 24.0%–53.0%.

🚨 Why the margin moved: operating margin went −7.6 pp year on year while gross margin went +0.0 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

→ Margins slipped — did that reach the bottom line? Next: profit +118.2% in the latest quarter.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Knowledge Marine & Engineering Works Ltd earned ₹24.0 Cr of net profit in the Mar 26 quarter, +118.2% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹79.0 Cr. The 8-year compound rate is 72.7%. That is 35.3% of the quarter's revenue. The same quarter a year earlier earned ₹11.0 Cr.

Knowledge Marine & Engineering Works Ltd earned ₹24.0 Cr of net profit in the Mar 26 quarter, +118.2% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹79.0 Cr. The 8-year compound rate is 72.7%. That is 35.3% of the quarter's revenue. The same quarter a year earlier earned ₹11.0 Cr.

Mar 26 profit was ₹24.0 Cr, +118.2% year on year — the 2nd consecutive quarter of growth. On the full year, FY26 printed ₹79.0 Cr (+58.0%), and the 8-year compound rate is 72.7%.

Why profit moved: revenue contributed +44.7% and the margin −8.0 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit +56.7% vs revenue +26.9%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

→ Profit rose — but did the cash follow? Next: 106% of the last 3 years' profit arrived as cash.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 106% of Knowledge Marine & Engineering Works Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹74.0 Cr of operating cash against ₹79.0 Cr of profit. After ₹120 Cr of capital spending, ₹−46.0 Cr was left as free cash.

FY26: operating cash of ₹74.0 Cr against reported profit of ₹79.0 Cr, leaving free cash of ₹−46.0 Cr after ₹120 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 106% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

Why conversion sits at 106%: the cash cycle stretched 105 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.

Router verdict: the bigger cash user is investment — capital spending ran 7.4× depreciation over three years, so the next section's job is to check what that build-out is buying.

→ So follow the cash to where it goes. Next: ₹281 Cr of building over 3 years.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Knowledge Marine & Engineering Works Ltd's cash conversion cycle runs 109 days in FY26, up from 4 days in FY21. Capital spending ran ₹281 Cr over the last 3 years. At FY26 sales of ₹256 Cr each day of that cycle holds about ₹0.7 Cr, so roughly ₹76.0 Cr sits inside the business at any moment.

FY26: debtors at 109 days (an asset-light business — no inventory to speak of) — for a full cycle of 109 days, looser than FY21's 4.

In money terms: at FY26 sales of ₹256 Cr, each day of the cycle holds about ₹0.7 Cr — so the 109-day loop keeps roughly ₹76.0 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹281 Cr over the last 3 fiscal years against ₹38.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹99.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 16%.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Knowledge Marine & Engineering Works Ltd earns a ROCE of 16% in FY26. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 30.9% net margin on 0.31× asset turns.

FY26 ROCE is 16%.

Why the return is what it is — the wiring (FY26): 30.9% net margin × 0.31× asset turns × 1.44× balance-sheet leverage ≈ 13.8% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.

The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 50% on reported income across 11 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.39.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Knowledge Marine & Engineering Works Ltd carries ₹222 Cr of borrowings against ₹570 Cr of equity in FY26, a debt-to-equity of 0.39. Operating profit covers the interest bill 7×. Over 5 years borrowings went from ₹17.0 Cr to ₹222 Cr. Capital spending ran ₹281 Cr across the last 3 of those years.

FY26: borrowings of ₹222 Cr against equity of ₹570 Cr — a debt-to-equity of 0.39. Operating profit covers the interest bill 7×. Over 5 years borrowings went from ₹17.0 Cr to ₹222 Cr while capital spending ran ₹281 Cr in just the last 3 — part of the build-out is riding on borrowed money.

The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 50% on reported income across 11 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

→ Who owns this, and are they adding or leaving? Next: Foreign institutions added 10.9 points over 8 quarters.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Foreign institutions added 10.9 points of Knowledge Marine & Engineering Works Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 12.1% of the company. Promoters moved −9.0 points over the same window, to 51.6%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: +10.9 points over 8 quarters to 12.1%; Promoters: −9.0 points over 8 quarters to 51.6%; Domestic institutions: −0.6 points over 8 quarters to 1.5%.

Why the register moved: foreign institutions drove it (+10.9 points), absorbed on the other side by promoters (−9.0 points) — steady accumulation by institutions reading the same numbers this page reads.

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Knowledge Marine & Engineering Works Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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