KNOWLEDGE MARINE & EN W L DCF Valuation

KMEW · Services · Current price ₹3,349

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DocStoX fair value
₹2,537
low confidence · 45/100
Current price
₹2,869
Upside to fair value
-11.6%
Estimate range
₹1,269 – ₹3,853
Cash-flow model
₹3,853
Residual income (excess return on book) · 30% weight
5Y profit growth
+62.4%
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KNOWLEDGE MARINE & EN W L cash-flow valuation

Our residual income (excess return on book) values KNOWLEDGE MARINE & EN W L at ₹3,853 per share. Book value plus the present value of returns earned above the 10.6% cost of equity. It carries 30% of the weight in our published estimate of ₹2,537. A discounted cash flow is only as good as the cash-flow path it assumes, so the assumptions behind it are listed in full below.

Try your own assumptions

Prefer to build the discounted cash flow yourself? The DCF calculator below opens pre-filled with KNOWLEDGE MARINE & EN W L's reported free cash flow, net debt and share count, so you can set your own growth and discount rate.

How we got this fair value

Every number below is part of the same estimate for KNOWLEDGE MARINE & EN W L. Nothing here is a target price or a forecast of where the share price will go.

Low confidence45/100floor: no better than this

The inputs are thin or the models disagree sharply. This is our least reliable kind of estimate, so read the range rather than the single number.

Estimate range ₹1,269 – ₹3,853

Why this method for this business

The business is asset-light and capital-intensive, with durable earnings power and a wide moat. Relative P/E and residual income models are most appropriate for valuing a high-ROE, capital-light franchise with strong earnings potential.

The models behind the number

These methods disagree materially, so the estimate is their plain midpoint rather than a weighted blend. The disagreement is itself the finding.

Fair multiple (P/E)
₹1,221equal weight
Residual income (excess return on book)
₹3,853equal weight

Book value plus the present value of returns earned above the 10.6% cost of equity

  • dcf: DCF is not suitable for a capital-intensive business with uncertain cash flows and high leverage
  • residual_income: Residual income is already included in the model

What was missing

  • Lack of historical P/E data for the sector
  • Limited analyst coverage and forward estimates

What drives it

19 inputs, grouped by how strong each claim is
ReportedRead from filings or market data. Verifiable, not our opinion.
Sector-median P/E
15.32×

peer-median

Peers used
143

peer-median

EPS (TTM)
53.45 ₹/share

computed

ROE (normalized)
26%

computed

Book value / share
233 ₹

reported

MacroEconomy-wide input, not company-specific.
Cost of equity
10.6%

building-block

JudgementOur read of the evidence, not a measurement.
Term: quality
+7.2%

quality 70/100 (high, stable returns) → premium

Term: growth
+40.0%

durable ~57% CAGR (ROCE 26% > hurdle) → premium

Term: capital_allocation
-5.4%

capital allocation: falling ROCE / weak cash generation → discount

Term: financial_strength
+3.8%

financial strength: low leverage (D/E 0.4) → mild premium

Term: history
+0.0%

history: no reliable own-history P/E → not used

Term: sector_rerating
+0.0%

sector re-rating: no sector-norm history → not used

Term: rate_regime
+1.2%

rates: risk-free 6.9% below ~7.1% normal → higher multiple

Term: risk
+0.0%

risk: no analyst-dispersion signal available → neutral (lowers confidence, not PE)

Moat
Wide

computed

Excess-return horizon
20 yrs

computed

DerivedFalls out of the inputs above: a model output, not an independent input.
Premium vs sector
+49.2%

fundamentals + macro (not capped at own history)

Fair-multiple confidence
61%

data completeness + term agreement

Fair P/E
22.85×

sector median × ∏(1+term) — Dynamic Fair Multiple

Who computed this

A language model (qwen3:8b) selects the valuation method and the judgement inputs for KNOWLEDGE MARINE & EN W L: which models suit the business, the moat, the growth and margin assumptions. It does not produce the number. The fair value itself is computed in Python by a deterministic engine (version 2026.08.1) from those inputs, so the same inputs always give the same result and every figure above can be traced to a source.

Estimated 14 Sept 2026. Re-run as new financials and news arrive.

How we value stocks

We estimate what a business is worth from its own economics: cash flows, returns on capital, and a multiple justified by its quality, rather than from where the share price has been. A fair value estimate is a view, not a verdict, and it is only as good as the inputs listed above.

Read the full fair-value methodology

More on KNOWLEDGE MARINE & EN W L

DocStoX estimates are computed from reported financials, for informational purposes only, not investment advice. Consult a SEBI-registered advisor before investing.