FY27 revenue growth revised to 60%+ YoY
Management initially guided 30-40% YoY growth but upgraded expectations to northwards of 60% following strong Q1 performance and robust order book execution visibility.
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Knowledge Marine & Engineering Works · forward-looking guidance across the available source record.
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What management said would happen.
revenue
EBITDA margin long-term guidance maintained at 35-40%
The 64% EBITDA margin in Q1 is project-specific and not a sustainable run-rate. Normalized guidance of 35-40% EBITDA margins applies going forward, with potential expansion as dredging volumes scale.
₹1,000 crore topline target by FY29
Revenue mix expected to shift: dredging 45-50%, shipbuilding 40-45%, charter hire ~5% by FY29. Management confirmed full capitalization achieved to support this target.
₹1,000 crore capex over 18 months
Capex allocation: ~₹450 crores in dredging fleet expansion, ~₹200-250 crores in green tugs/vessels, and balance in shipyard construction. Phase 1 of Safal shipyard operational by end of FY27.