Kernex Microsystems (India) Ltd

Kernex Microsys. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Kernex Microsystems (India) Ltd

₹ 1,274 -1.84%
11 Jun - close price
kernex.in BSE: 532686 NSE: KERNEX
About

Incorporated in 1991, Kernex Microsystems Ltd manufactures and sells Safety Systems and Software services for Railways[1]

Key Points

Business Overview:[1][2]
KML, an ISO 9001:2015 certified, 100% Export Oriented Unit, provides turnkey electronic systems and technical support. It specializes in anti-collision devices, railway safety and signal systems, train collision avoidance systems, and automatic level crossing gates.

Website BSE NSE
  • Market Cap ₹ 2,133 Cr.
  • Current Price ₹ 1,274
  • High / Low ₹ 1,584 / 334
  • Stock P/E 41.9
  • Book Value ₹ 104
  • Dividend Yield 0.00 %
  • ROCE 22.3 %
  • ROE 34.4 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 54.9% CAGR over last 5 years

Cons

  • Stock is trading at 12.3 times its book value
  • Promoter holding is low: 29.1%
  • Company has a low return on equity of 3.22% over last 3 years.
  • Debtor days have increased from 21.7 to 36.6 days.
  • Promoter holding has decreased over last 3 years: -5.43%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1 1 0 0 0 1 1 9 9 29 41 37 83
4 3 4 5 6 2 4 11 21 24 31 28 66
Operating Profit -3 -2 -4 -4 -6 -1 -3 -2 -12 5 10 8 17
OPM % -439% -267% -873% -1,704% -1,365% -64% -407% -27% -131% 18% 25% 23% 20%
-4 0 0 0 0 1 0 1 0 0 0 0 1
Interest 1 0 0 1 0 0 0 1 0 1 3 1 2
Depreciation 0 0 0 0 1 1 1 1 1 1 1 1 1
Profit before tax -8 -3 -4 -5 -7 -1 -4 -3 -12 4 7 7 15
Tax % 1% 1% 2% 4% 2% 10% 11% 1% -5% -3% -0% -1% -114%
-8 -3 -4 -5 -7 -1 -4 -4 -12 4 7 7 33
EPS in Rs -6.68 -2.19 -2.99 -3.84 -4.80 -0.56 -2.76 -2.09 -7.02 2.40 4.33 4.26 19.40
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
28 20 12 12 13 7 15 16 5 2 19 190
27 24 20 33 25 20 22 15 15 18 37 149
Operating Profit 2 -4 -8 -21 -11 -12 -7 1 -10 -16 -17 41
OPM % 6% -18% -74% -170% -85% -164% -49% 7% -182% -801% -90% 22%
3 2 2 25 1 -4 18 2 -3 1 2 2
Interest 3 3 4 3 2 2 1 1 2 2 3 7
Depreciation 4 4 3 3 2 2 2 2 1 2 2 3
Profit before tax -2 -10 -14 -1 -15 -21 8 0 -16 -19 -20 33
Tax % -19% -3% -2% 162% -4% -1% -0% 12% 2% 2% -0% -53%
-2 -9 -13 -4 -14 -21 8 0 -17 -20 -20 51
EPS in Rs -1.36 -7.51 -10.63 -2.81 -11.54 -16.54 6.45 0.30 -13.26 -12.85 -12.18 30.38
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 25%
5 Years: 67%
3 Years: 228%
TTM: 883%
Compounded Profit Growth
10 Years: 22%
5 Years: 55%
3 Years: 81%
TTM: 349%
Stock Price CAGR
10 Years: 41%
5 Years: 140%
3 Years: 90%
1 Year: 275%
Return on Equity
10 Years: -9%
5 Years: 0%
3 Years: 3%
Last Year: 34%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 12 12 12 12 12 12 12 12 12 15 17 17
Reserves 117 106 92 84 69 49 57 58 46 77 105 157
21 22 27 18 19 13 5 14 12 9 24 40
20 20 24 18 20 17 12 15 14 13 29 32
Total Liabilities 170 161 156 132 120 92 87 99 85 114 175 245
58 53 50 55 54 43 33 32 25 24 24 32
CWIP 10 10 10 0 0 0 0 0 0 0 2 0
Investments 1 1 1 1 1 1 11 8 8 13 13 13
102 97 95 75 66 48 43 60 51 77 136 200
Total Assets 170 161 156 132 120 92 87 99 85 114 175 245

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-2 1 -6 -26 2 -25 -8 1 -5 -34 -70 11
-1 1 0 30 -0 29 15 -9 -6 -5 -5 -9
1 -2 5 -3 -2 -2 -1 -1 1 48 63 9
Net Cash Flow -2 -1 -0 0 0 1 5 -9 -10 9 -11 11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 711 945 1,643 1,223 1,002 745 321 300 775 0 7 37
Inventory Days 6,386 1,779 293 1,670 894 137 978 1,026 4,282 2,151 156
Days Payable 3,258 962 236 1,103 20 20 307 337 823 574 47
Cash Conversion Cycle 711 4,073 2,460 1,279 1,568 1,619 438 971 1,463 3,458 1,584 145
Working Capital Days 829 1,145 1,951 1,373 1,149 1,186 327 523 1,281 3,657 1,471 223
ROCE % 1% -4% -7% -18% -12% -15% -8% 1% -13% -20% -14% 22%

Shareholding Pattern

Numbers in percentages

5 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
31.27% 31.27% 31.27% 31.60% 31.60% 31.60% 29.14% 29.14% 29.14% 29.14% 29.08% 29.08%
0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.01% 0.01% 0.00% 0.49% 1.16% 0.07%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.00% 0.04% 0.73% 1.10%
0.00% 0.08% 0.08% 0.07% 0.07% 0.07% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06%
68.73% 68.66% 68.65% 68.34% 68.33% 68.30% 70.79% 70.77% 70.78% 70.26% 68.96% 69.68%
No. of Shareholders 12,22413,02413,09113,09413,79114,66015,00716,24022,24127,05834,24237,894

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

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DRHP

Credit ratings

Concalls

  • Mar 2025
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  • Feb 2024
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