Kernex Microsystems (India) Ltd
Incorporated in 1991, Kernex Microsystems Ltd manufactures and sells Safety Systems and Software services for Railways[1]
- Market Cap ₹ 1,872 Cr.
- Current Price ₹ 1,117
- High / Low ₹ 1,584 / 622
- Stock P/E 34.6
- Book Value ₹ 94.2
- Dividend Yield 0.00 %
- ROCE 23.8 %
- ROE 38.0 %
- Face Value ₹ 10.0
Pros
- 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 11.9 times its book value
- Promoter holding is low: 29.0%
- 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 SmallCap BSE Allcap BSE Services
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | 217 | |
27 | 25 | 20 | 33 | 25 | 21 | 22 | 14 | 16 | 21 | 42 | 149 | 168 | |
Operating Profit | 2 | -7 | -9 | -21 | -12 | -13 | -7 | 4 | -9 | -17 | -23 | 41 | 49 |
OPM % | 6% | -37% | -76% | -171% | -87% | -158% | -49% | 21% | -142% | -416% | -117% | 22% | 22% |
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 | 8 |
Depreciation | 4 | 4 | 3 | 3 | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 3 | 3 |
Profit before tax | -2 | -13 | -16 | -2 | -15 | -22 | 3 | 2 | -17 | -20 | -27 | 32 | 39 |
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 | 54 | |
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 | 32.27 |
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: | 359% |
Compounded Profit Growth | |
---|---|
10 Years: | 20% |
5 Years: | 44% |
3 Years: | 79% |
TTM: | 347% |
Stock Price CAGR | |
---|---|
10 Years: | 39% |
5 Years: | 126% |
3 Years: | 53% |
1 Year: | 59% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 15 | 17 | 17 |
Reserves | 115 | 101 | 84 | 75 | 64 | 43 | 46 | 50 | 36 | 67 | 90 | 141 |
26 | 28 | 33 | 24 | 26 | 21 | 11 | 20 | 18 | 11 | 28 | 40 | |
20 | 20 | 27 | 21 | 19 | 16 | 16 | 12 | 14 | 11 | 27 | 42 | |
Total Liabilities | 174 | 162 | 157 | 133 | 121 | 93 | 85 | 95 | 80 | 104 | 161 | 240 |
58 | 53 | 50 | 55 | 54 | 43 | 33 | 32 | 25 | 24 | 24 | 25 | |
CWIP | 10 | 10 | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 2 | 7 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
107 | 99 | 97 | 78 | 68 | 50 | 53 | 63 | 55 | 78 | 135 | 208 | |
Total Assets | 174 | 162 | 157 | 133 | 121 | 93 | 85 | 95 | 80 | 104 | 161 | 240 |
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% |
Documents
Announcements
- Closure of Trading Window 30 Sep
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Appointment Of Secretarial Auditor And Remuneration Payable To M/S. M P R & Associates, Cost Accountants
30 Sep - Shareholders approved secretarial auditor D.S. Rao for FY2025-26 to FY2029-30; ratified M P R & Associates' remuneration.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 30 Sep
- Shareholder Meeting / Postal Ballot-Outcome of AGM 29 Sep
-
Announcement under Regulation 30 (LODR)-Change in Management
27 Sep - Appointed Ganesh Kumar Dwivedy as President, Kavach Operations effective 26 Sep 2025; 36 years' signalling experience.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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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.