Knowledge Marine shipbuilding assets reach Rs 235.50 crore

Knowledge Marine & Engineering Works Limited reported Rs 235.50 crore of shipbuilding and repairing segment assets at September 30, 2026, compared with Rs 28.84 crore at March 31, 2026. The increase coincided with first-half segment revenue of Rs 51.51 crore and earnings before interest and tax, or EBIT, of Rs 21.13 crore.

How large is Knowledge Marine’s shipbuilding asset base?

Knowledge Marine’s shipbuilding and repairing segment assets were Rs 235.50 crore at September 30, 2026, up from Rs 61.63 crore at June 30, 2026, Rs 28.84 crore at March 31, 2026 and Rs 5.47 crore at September 30, 2025. The disclosed segment-asset balance therefore increased by Rs 206.66 crore between March 31 and September 30, while the September-quarter balance was nearly four times the June-quarter figure.

Knowledge Marine did not identify individual vessels, facilities, contracts or projects underlying the segment-asset increase. Its consolidated balance sheet nevertheless recorded property, plant and equipment of Rs 269.80 crore at September 30, 2026, against Rs 210.66 crore at March 31, while capital work-in-progress rose to Rs 344.42 crore from Rs 99.16 crore over the same six-month interval.

Shipbuilding and repairing segment liabilities were Rs 203.98 crore at September 30, 2026, compared with Rs 36.48 crore at June 30, Rs 42.34 crore at March 31 and Rs 6.55 crore a year earlier. The segment report does not state the composition, maturity or use of these liabilities, so the filing does not establish how they relate to specific shipbuilding assets.

How did Knowledge Marine’s shipbuilding revenue and EBIT change?

Knowledge Marine’s shipbuilding and repairing revenue reached Rs 51.51 crore in the half year ended September 30, 2026, versus Rs 15.42 crore in the corresponding half year ended September 30, 2025. The latest half-year revenue was also close to the Rs 53.26 crore reported for the segment in the full year ended March 31, 2026, although the full-year and six-month periods differ in duration.

Knowledge Marine reported shipbuilding and repairing EBIT of Rs 21.13 crore for the half year ended September 30, 2026, compared with Rs 4.00 crore in the prior-year half year and Rs 9.67 crore in the year ended March 31, 2026. EBIT is the segment measure before finance cost and tax, rather than the company’s consolidated profit after tax of Rs 84.28 crore for the latest half year.

The September 2026 quarter contributed Rs 40.51 crore of shipbuilding and repairing revenue and Rs 17.72 crore of EBIT. In the preceding June 2026 quarter, the segment recorded Rs 11.00 crore of revenue and Rs 3.41 crore of EBIT; in the September 2025 quarter, it reported Rs 15.42 crore of revenue and Rs 4.00 crore of EBIT.

What balance-sheet changes accompanied Knowledge Marine’s asset increase?

Knowledge Marine reported consolidated total assets of Rs 1,137.36 crore at September 30, 2026, compared with Rs 820.08 crore at March 31, 2026. Non-current assets were Rs 683.92 crore at September 30, including Rs 269.80 crore of property, plant and equipment and Rs 344.42 crore of capital work-in-progress, compared with Rs 653.58 crore of total non-current assets at March 31.

The half-year cash-flow statement recorded purchases of property, plant and equipment of Rs 320.43 crore for the period ended September 30, 2026. It also showed net investment in term deposits of Rs 94.94 crore, while cash and cash equivalents increased to Rs 118.62 crore from Rs 73.62 crore at March 31, 2026.

Knowledge Marine’s total equity rose to Rs 829.02 crore at September 30 from Rs 572.84 crore at March 31. Non-current borrowings increased to Rs 194.39 crore from Rs 108.29 crore, while current borrowings declined to Rs 77.41 crore from Rs 113.77 crore; the filing reports these consolidated movements alongside the increase in the shipbuilding segment’s reported assets.

How did Knowledge Marine’s dredging business compare with shipbuilding?

Knowledge Marine’s dredging and ancillary services remained the larger segment by assets at Rs 605.22 crore at September 30, 2026, compared with Rs 235.50 crore for shipbuilding and repairing. Dredging assets, however, were lower than Rs 780.14 crore at March 31, 2026, whereas shipbuilding and repairing assets rose from Rs 28.84 crore over the same period.

For the half year ended September 30, 2026, dredging and ancillary services generated Rs 134.71 crore of revenue and Rs 83.82 crore of EBIT. Shipbuilding and repairing generated Rs 51.51 crore of revenue and Rs 21.13 crore of EBIT, leaving dredging ahead on both reported operating measures for the six-month period.

The quarterly revenue mix changed between June and September 2026. Dredging revenue declined to Rs 30.30 crore in the September quarter from Rs 104.41 crore in June, while shipbuilding revenue rose to Rs 40.51 crore from Rs 11.00 crore. Dredging EBIT moved to Rs 15.26 crore from Rs 68.57 crore, while shipbuilding EBIT increased to Rs 17.72 crore from Rs 3.41 crore.

Conclusion

Knowledge Marine’s September 2026 segment disclosure shows that shipbuilding and repairing became a much larger reported part of its asset base, with assets reaching Rs 235.50 crore from Rs 28.84 crore six months earlier. The increase occurred alongside Rs 51.51 crore of first-half segment revenue and Rs 21.13 crore of EBIT, although dredging remained larger by assets, revenue and EBIT for the half year.

The filing does not disclose the individual projects or assets behind the Rs 206.66 crore increase in shipbuilding segment assets, making future segment disclosures relevant for assessing its revenue, EBIT and liabilities. The other scheduled event disclosed was the November 6, 2026 record date for the approved share split, which subdivided each Rs 5 equity share into five Re 1 shares.