Kernex Microsystems (India) Ltd

₹ 1,106 0.58%

20 Feb - close price

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 ₹ 1,856 Cr.
Current Price ₹ 1,106
High / Low ₹ 1,434 / 622
Stock P/E 35.2
Book Value ₹ 103
Dividend Yield 0.00 %
ROCE 23.8 %
ROE 38.0 %
Face Value ₹ 10.0

Add ratio to table

Edit ratios

Pros

Company is expected to give good quarter
Company has delivered good profit growth of 44.0% CAGR over last 5 years
Debtor days have improved from 69.6 to 45.5 days.

Cons

Stock is trading at 10.7 times its book value
Promoter holding is low: 28.9%
Company has a low return on equity of 1.37% over last 3 years.

* 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

Services Services Transport Services Transport Related Services

Part of BSE Allcap BSE Services

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	2.11	0.52	0.96	1.41	8.31	8.91	28.68	41.22	36.81	83.07	55.93	47.12	72.60
	6.38	7.12	1.46	4.82	12.81	21.26	23.83	30.97	28.23	65.95	43.35	32.85	55.81
Operating Profit	-4.27	-6.60	-0.50	-3.41	-4.50	-12.35	4.85	10.25	8.58	17.12	12.58	14.27	16.79
OPM %	-202.37%	-1,269.23%	-52.08%	-241.84%	-54.15%	-138.61%	16.91%	24.87%	23.31%	20.61%	22.49%	30.28%	23.13%
	1.95	-1.51	0.47	0.26	0.50	0.08	0.24	0.26	0.33	0.62	0.36	0.49	0.48
Interest	0.81	-1.26	0.21	0.40	1.25	0.52	1.03	3.06	1.22	1.61	2.55	4.69	9.12
Depreciation	0.35	1.36	0.62	0.56	3.26	0.53	0.63	0.65	0.62	0.93	0.84	0.97	1.88
Profit before tax	-3.48	-8.21	-0.86	-4.11	-8.51	-13.32	3.43	6.80	7.07	15.20	9.55	9.10	6.27
Tax %	5.17%	2.07%	9.30%	10.46%	0.59%	-4.88%	-3.79%	-0.29%	-0.85%	-114.01%	22.41%	28.35%	3.35%
	-3.66	-8.37	-0.94	-4.53	-8.57	-12.67	3.57	6.82	7.13	32.53	7.41	6.52	6.06
EPS in Rs	-2.63	-5.33	-0.57	-2.85	-5.07	-7.53	2.16	4.09	4.28	19.45	4.45	3.92	3.59
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	28	18	12	12	13	8	15	18	7	4	20	190	259
	27	25	20	33	25	21	22	14	16	21	42	149	198
Operating Profit	2	-7	-9	-21	-12	-13	-7	4	-9	-17	-23	41	61
OPM %	6%	-37%	-76%	-171%	-87%	-158%	-49%	21%	-142%	-416%	-117%	22%	23%
	3	2	2	25	1	-4	18	1	-3	1	1	1	2
Interest	3	3	6	4	2	2	6	1	3	1	3	7	18
Depreciation	4	4	3	3	2	2	2	2	1	2	2	3	5
Profit before tax	-2	-13	-16	-2	-15	-22	3	2	-17	-20	-27	32	40
Tax %	-16%	-2%	-2%	115%	-4%	-1%	-1%	2%	2%	2%	-0%	-54%
	-2	-13	-16	-4	-15	-21	3	2	-17	-20	-27	50	53
EPS in Rs	-1.69	-10.11	-12.74	-3.24	-11.78	-17.06	2.74	1.62	-13.76	-12.82	-15.76	29.98	31.41
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	26%
5 Years:	66%
3 Years:	206%
TTM:	124%

Compounded Profit Growth
10 Years:	20%
5 Years:	44%
3 Years:	79%
TTM:	947%

Stock Price CAGR
10 Years:	40%
5 Years:	114%
3 Years:	56%
1 Year:	23%

Return on Equity
10 Years:	-11%
5 Years:	-2%
3 Years:	1%
Last Year:	38%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	12	12	12	12	12	12	12	12	12	15	17	17	17
Reserves	115	101	84	75	64	43	46	50	36	67	90	141	157
	26	28	33	24	26	21	11	20	18	11	28	40	89
	20	20	27	21	19	16	16	12	14	11	27	42	199
Total Liabilities	174	162	157	133	121	93	85	95	80	104	161	240	461
	58	53	50	55	54	43	33	32	25	24	24	25	34
CWIP	10	10	10	0	0	0	0	0	0	3	2	7	0
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
	107	99	97	78	68	50	53	63	55	78	135	208	427
Total Assets	174	162	157	133	121	93	85	95	80	104	161	240	461

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-1	-6	-4	-26	3	-23	-11	3	-5	-36	-71	15
	-1	1	0	30	-0	26	25	-12	-7	-1	-5	-9
	7	-2	3	-4	-2	-2	-6	-1	0	45	64	5
Net Cash Flow	5	-8	-0	0	1	1	7	-10	-11	9	-11	11

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	1,043	1,643	1,236	996	674	316	239	596	0	94	45
Inventory Days			1,779	293	1,915	844	266	962	967	2,141	2,098	207
Days Payable			962	325	1,225	405	20	101	177	43	460	76
Cash Conversion Cycle	711	1,043	2,460	1,205	1,686	1,114	562	1,099	1,385	2,098	1,731	177
Working Capital Days	514	748	889	629	505	272	236	164	226	1,219	1,161	152
ROCE %	0%	-6%	-7%	-18%	-12%	-15%	-8%	4%	-13%	-23%	-21%	24%

Shareholding Pattern

Numbers in percentages

16 Recently

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	31.60%	31.60%	31.60%	29.14%	29.14%	29.14%	29.14%	29.08%	29.08%	28.97%	28.97%	28.89%
	0.00%	0.00%	0.03%	0.01%	0.01%	0.00%	0.49%	1.16%	0.07%	0.52%	0.54%	0.07%
	0.00%	0.00%	0.00%	0.01%	0.01%	0.00%	0.04%	0.73%	1.10%	1.11%	0.39%	0.07%
	0.07%	0.07%	0.07%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%
	68.34%	68.33%	68.30%	70.79%	70.77%	70.78%	70.26%	68.96%	69.68%	69.34%	70.04%	70.91%
No. of Shareholders	13,094	13,791	14,660	15,007	16,240	22,241	27,058	34,242	37,894	42,149	42,785	40,187

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Dec 2025
	39.70%	33.35%	31.78%	27.41%	22.34%	22.34%	34.52%	31.60%	29.14%	29.08%	28.89%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.07%	0.07%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	1.10%	0.07%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.07%	0.06%	0.06%	0.06%
	60.30%	66.65%	68.22%	72.59%	77.66%	77.66%	65.48%	68.34%	70.77%	69.68%	70.91%
No. of Shareholders	21,121	19,567	17,251	16,427	16,091	14,480	12,514	13,094	16,240	37,894	40,187

* 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.

Click on the line-items to see the names of individual entities.

Kernex Microsystems (India) Ltd

Kernex Microsystems (India) Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings

Concalls