Nuvama: Knowledge Marine Stock Could Soar 40% to ₹2,500 Target

• Nuvama initiated 'Buy' coverage on Knowledge Marine and Engineering Ltd., setting a ₹2,500 target price.
• This implies a potential 40% upside from current levels for the stock, its first analyst recommendation since mainboard migration in Nov 2024.
• The company benefits from India's growing maritime sector, boasting a 50% order-win rate and 35-40% EBITDA margins.
• Knowledge Marine's order book exceeded ₹1,700 crore (Nov 2025), doubling YoY, with significant green tug orders.
• Nuvama projects strong growth: Revenue CAGR 58%, EBITDA 62%, PAT 71% (FY25-FY28).

Why It Matters: Nuvama sees significant growth potential for Knowledge Marine, driven by maritime sector and strong financials.