KMEW Eyes ₹2,000 Crore Projects With 35% Profit Margin
KMEW aims for massive growth in dredging, shipbuilding sectors.
Knowledge Marine & Engineering Works Ltd (KMEW) is setting its sights on securing projects worth Rs 2,000 crore with a robust 35% EBITDA margin, according to Managing Director and CFO Saurabh Daswani in an exclusive interview with NDTV Profit. The company, a key player in marine engineering, is poised for significant expansion across its core segments: dredging, shipbuilding, and port ancillary services.
Daswani outlined KMEW’s operations, emphasizing its expertise in dredging for port development, land reclamation, and river maintenance. The company has built 34 vessels for its own fleet and now plans to construct ships for the Government of India. In the port ancillary segment, KMEW provides essential support services and crafts to enhance port operations.
Director and CFO Kanak Kewalramani highlighted KMEW’s financial growth, with turnover soaring from Rs 1.49 crore in FY16 to over Rs 200 crore last year, and profit after tax reaching Rs 50 crore. “We’re on track to exceed these figures this year,” she said, noting strong investor support. As of May 2025, KMEW’s order book stands at Rs 881 crore, with bids placed for projects worth Rs 3,500 crore. The company aims to achieve a topline of Rs 600–700 crore within three years.
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Kewalramani also shared that KMEW’s balance sheet grew to Rs 133 crore in FY25, up from Rs 60 crore in FY24. While debt may increase to fuel expansion, the company has already repaid Rs 50 crore to HDFC Bank this fiscal year, maintaining a healthy equity ratio of 1.5:1.
KMEW is also venturing into shipbuilding and repair services for external clients, building on its experience constructing its own fleet. “This move will diversify our revenue streams and strengthen our market position,” Daswani said. The company’s ambitious growth strategy has sparked excitement among investors, with social media posts on X praising KMEW’s trajectory. “KMEW is a hidden gem in marine engineering!” one user wrote.
With a clear focus on high-margin projects and strategic expansion, KMEW is positioning itself as a leader in India’s marine and port infrastructure sectors, capitalizing on growing demand for maritime services.
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