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Knowledge Marine & Engineering Works Limited (KMEW) Fair Value & Analysis

Industrials · IN · Market cap ₹55.8B

KM Knowledge Marine & Engineering Works Limited KMEW · NSE
Price₹2,757
Fair Value₹482.31
Upside-82.5%
Quality37/100
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Expensive Growth
Highly profitable · 30.8% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/12)
Wide moat 71/100
Evidence: Medium Range ₹346.55 – ₹618.06 Share as image

Fair value as of: Aug 13, 2026

From 14 valuation models · updated 4 days ago

Share price +14.6% over the past month.

Below-average quality, and screening another 83% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹618.06). The favourable scenario is already priced in.
  • Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (21 months)

₹1,000,000 ₹657.65 Fair Value ₹482.31 Nov 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

21‑month range ₹657.65 – ₹1,000,000 · fair‑value band ₹346.55 – ₹618.06 · the ₹2,757 price screens above the ₹482.31 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Knowledge Marine & Engineering Works Limited (KMEW) currently trades at ₹2,757, while our model-based Fair Value estimate is ₹482.31, implying the stock looks roughly 82.5% overvalued today. The Quality Score stands at 37/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Knowledge Marine & Engineering Works Limited generated revenue of ₹2.6B at a net margin of 30.8%. Revenue grew 42.4% year over year. It earns a return on equity of 20.0%. Net debt stands at ₹1.5B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹346.55 (bear case) to ₹618.06 (bull case); at ₹2,757, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Industrials peers we cover trades at 7% fair-value upside, at -83%, KMEW screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (₹156.26 to ₹1,529). Read the values as a conservative anchor, not as a price target.
Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
ROIC Compounder ₹293.68 ₹411.32 ₹524.30 72
Growth-Adj P/E ₹806.32 ₹1,152 ₹1,497 68
P/E Multiple ₹507.75 ₹677.00 ₹846.25 63
All 14 models by family
Earnings-Based
Graham-Dodd ₹219.22 ₹1,529 ₹2,145 54
Lynch FV ₹650.60 ₹929.42 ₹1,208 50
PEG = 1.0 ₹650.60 ₹929.42 ₹1,208 46
EPV ₹259.61 ₹305.25 ₹345.18 59
Multiples
P/E Multiple ₹507.75 ₹677.00 ₹846.25 63
P/S Multiple ₹157.26 ₹209.69 ₹262.11 58
P/B Multiple ₹411.03 ₹548.05 ₹685.06 55
EV/EBIT ₹393.09 ₹528.85 ₹664.61 53
EV/EBITDA ₹371.72 ₹500.35 ₹628.98 54
EV/Revenue ₹117.92 ₹174.54 ₹231.15 43
Asset-Based
NCAV (Graham) ₹116.61 ₹156.26 ₹233.22 50
Economic Profit
Residual Income ₹226.39 ₹287.56 ₹731.43 61
ROIC Compounder ₹293.68 ₹411.32 ₹524.30 72
Growth Earnings
Growth-Adj P/E ₹806.32 ₹1,152 ₹1,497 68

Widest divergence: Growth Earnings (₹1,152) versus Asset-Based (₹156.26). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) ₹2.6B
Revenue growth (YoY) +42.4%
Net margin 30.8%
Return on equity 20.0%
Free cash flow −₹3.2B FY2026
P/E ratio 79.7
More key figures
Operating margin 16.1%
EPS (TTM) ₹34.59
EPS growth (YoY) +113%
Net debt ₹1.5B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 37 · Market factors (momentum, volatility) 71

Profitability 51
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 97
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 41
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Knowledge Marine & Engineering Works Limited engages in the ownership, operation, and chartering/hiring of marine crafts in India. It operates through three segments: Dredging, Owning, and Operating Marine and Port Ancillary Crafts; Ship Building and Repair and Maintenance of Marine Crafts; and Marine Infrastructure.

Full company description

Knowledge Marine & Engineering Works Limited engages in the ownership, operation, and chartering/hiring of marine crafts in India. It operates through three segments: Dredging, Owning, and Operating Marine and Port Ancillary Crafts; Ship Building and Repair and Maintenance of Marine Crafts; and Marine Infrastructure. The company also provides repair and maintenance/refitting services for marine crafts and marine infrastructure, as well as builds ships, boats, etc. It also provides dredging services, as well as engaged in manning, operation and technical maintenance of Marine Crafts, Repairs, Refitting and Maintenance of Marine Crafts and Marine Infrastructure, and allied works. Its fleet include pilot, speed patrol, survey, and service boats, as well as grab and trailing suction hopper dredgers, hopper barges, backhoe dredgers, and mooring boat. Knowledge Marine & Engineering Works Limited was incorporated in 2015 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Knowledge Marine & Engineering Works Limited reported revenue of ₹2.6B in FY2026 versus ₹611M in FY2022, a compound +43.1%/yr. Reported net income was ₹788M in FY2026, compounding +40.3%/yr from FY2022.

Growth Quality 49/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹2.6B
Latest YoY
+27.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.3%
Revenue +43.1%/yr
FY22 ₹611M
FY23 ₹2.0B
FY24 ₹1.6B
FY25 ₹2.0B
FY26 ₹2.6B
Net income +40.3%/yr
FY22 ₹204M
FY23 ₹470M
FY24 ₹307M
FY25 ₹498M
FY26 ₹788M

KMEW screens 83% overvalued. Compare with Adani Ports and Special Economic Zone Limited →

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Cite: Fair Value Calculator (2026). "Knowledge Marine & Engineering Works Limited Fair Value". https://www.fairvalue-calculator.com/stock/KMEW

Peer Group

Marine Shipping · 232 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 37 · Bottom 25%
Fair Value upside −83% · Bottom 25%
Return on equity (TTM) 20% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 31% · Top 25%
Operating margin (TTM) 16% · Above median
Revenue growth 42% · Top 25%
Debt / equity 0.19× · Lower than median

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/E (TTM) 79.7× · Pricier than 75% of peers
P/B 9.79× · Pricier than 75% of peers
P/S (TTM) 21.77× · Pricier than 75% of peers
EV/EBITDA 58.0× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 19
FUTURE 100 · sector 19
PAST 80 · sector 27
HEALTH 91 · sector 88
DIVIDEND 0 · sector 56

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Adani Ports and Special Economic Zone Limited ADANIPORTS ₹1,658 ₹1,041 -37%
A.P. Møller - Mærsk A/S MAERSKA kr 16,810 kr 3,033 -82%
COSCO SHIPPING Holdings 601919 ¥15.25 ¥49.90 +227%
HMM Co 011200 21,350 KRW 33,795 KRW +58%
JSW Infrastructure Limited JSWINFRA ₹346.60 ₹126.31 -64%
Wan Hai Lines Ltd 2615 87.10 TWD 212.79 TWD +144%
PT Transcoal Pacific Tbk, a shipping company, TCPI 3,640 IDR 368.32 IDR -90%
Pan Ocean Co 028670 5,630 KRW 11,840 KRW +110%
Sociedad Matriz SAAM S.A SMSAAM 137.00 CLP 146.51 CLP +7%
PT Ancara Logistics Indonesia Tbk ALII 795.00 IDR 350.80 IDR -56%

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Frequently asked questions

Is Knowledge Marine & Engineering Works Limited (KMEW) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹482.31 versus a price of ₹2,757, about −83% (overvalued).
What is the fair value of KMEW?
Our model-based fair value for Knowledge Marine & Engineering Works Limited is ₹482.31 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹2,757.
What is the quality score of KMEW?
Knowledge Marine & Engineering Works Limited has a Quality Score of 37/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Knowledge Marine & Engineering Works Limited (KMEW)?
Knowledge Marine & Engineering Works Limited reported trailing-twelve-month revenue of about ₹2.6B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of KMEW?
The net profit margin of Knowledge Marine & Engineering Works Limited is about 30.8%, meaning it keeps roughly 30.8% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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