Knowledge Marine & Engineering Works (KMEW) share price hit a new high of ₹2,735.50, rallying 9% on Wednesday's intra-day trading. According to reports from Business Standard, the stock has demonstrated exceptional performance with a 216% surge over the past year, significantly outperforming the 4.6% decline in the BSE Sensex during the same period. In the past four months alone, the stock has zoomed 86%, extending its strong momentum from Tuesday's 4% up move. As per latest market data, the stock is currently trading at ₹2,412.70, showing a 6.35% gain for the day, reflecting continued investor confidence in the marine engineering services company.
Investor Ashish Kacholia held 2.89% stake or 705,264 equity shares in KMEW at the end of June 2026 quarter, as per the shareholding pattern data. As reported by Business Standard, other notable companies in Ashish Kacholia's portfolio include Shaily Engineering, Beta Drugs, Safari Industries, Aeroflex Industries, Man Industries, Balu Forge and Tanfac Industries, with over 1% holding each. The promoters, Kanak Sujay Kewalramani and Dinesh Mohanlal Kewalramani, have sold a combined 512,820 equity shares via bulk deal, reducing their stake to 51.56% from 53.63% at the end of March 2026 quarter.
On June 19, 2026, SBI Funds Management purchased 400,036 equity shares of KMEW at ₹1,963.17 per share via open market through bulk deal, according to BSE data reported by Business Standard. The total foreign portfolio investors holding in the company increased to 12.11% from 11.75% in the previous quarter, while domestic mutual funds reduced their stake from 1.62% to 1.46% during the quarter. This acquisition reflects growing institutional interest in the dredging and marine engineering services sector.
On June 20, 2026, a consortium comprising Knowledge Shipyard Private Limited as Lead Partner and KMEW received a significant contract from the Inland Waterways Authority of India (IWAI) for ₹66.11 crore. As reported by Business Standard, the contract involves design, construction, supply, testing and commissioning of 10 Hybrid Electric Passenger Ferries with 20 passengers each capacity each. The contract is scheduled for execution over 10 months, followed by a 60-month maintenance and support commitment, enabling the group to establish long-term engagement with a marquee government client.
According to Business Standard, KMEW is positioned in the dredging services and marine crafts business, with the company expecting specialized vessel manufacturing to present compelling long-term growth opportunities. The growth is driven by India's investment in cleaner waterways, multimodal connectivity, and environmentally responsible transport infrastructure. Government initiatives like the Sagarmala Programme aim to enhance the country's logistics sector by unlocking waterway potential and developing modern port ancillary crafts. The Indian government's focus on port infrastructure development and maritime trade promotion is expected to continue driving demand for dredging services.
