Nuvama begins coverage on India's Knowledge Marine with 'buy'

Knowledge Marine & Engineering Works

24/12/2025 04:31

** Nuvama Institutional Equities initiates coverage on Knowledge Marine & Engineering Works KNOW.NS with "buy" at PT 2,500 rupees vs 1,732.7 rupees last close price

** Marine crafts operator enjoys scarce competition and high entry barriers in India's maritime industry, brokerage says

** Says dredging industry's stringent pre-qualification norms on execution track record, revenue thresholds and bid size limit competition, a favourable landscape for co

** Adds, co should trade at a higher multiple because its broad order book, limited competition and steady order inflow pipeline give it strong, long-term earnings visibility

**  YTD, KNOW up 54.2% vs 18.9% rise in peer Dredging Corp of India DRDG.NS

(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))