Kernex Microsystems (India) Ltd

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

Kernex Microsystems (India) Ltd

₹ 1,187 -1.99%
30 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 - BE
  • Market Cap ₹ 1,989 Cr.
  • Current Price ₹ 1,187
  • High / Low ₹ 1,584 / 386
  • Stock P/E 39.8
  • Book Value ₹ 94.2
  • Dividend Yield 0.00 %
  • ROCE 23.8 %
  • ROE 37.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 43.9% CAGR over last 5 years

Cons

  • Stock is trading at 12.6 times its book value
  • Promoter holding is low: 29.1%
  • Company has a low return on equity of 1.30% over last 3 years.
  • Debtor days have increased from 26.1 to 45.5 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

Services Services Transport Services Transport Related Services

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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 2 1 1 1 8 9 29 41 37 83
4 3 4 6 7 1 5 13 21 24 31 28 66
Operating Profit -3 -2 -4 -4 -7 -0 -3 -4 -12 5 10 9 17
OPM % -405% -252% -893% -202% -1,269% -52% -242% -54% -139% 17% 25% 23% 21%
-4 0 0 2 -2 0 0 0 0 0 0 0 1
Interest 1 1 1 1 -1 0 0 1 1 1 3 1 2
Depreciation 0 0 0 0 1 1 1 3 1 1 1 1 1
Profit before tax -9 -3 -5 -3 -8 -1 -4 -9 -13 3 7 7 15
Tax % 1% 1% 2% 5% 2% 9% 10% 1% -5% -4% -0% -1% -114%
-9 -3 -5 -4 -8 -1 -5 -9 -13 4 7 7 33
EPS in Rs -7.04 -2.43 -3.33 -2.63 -5.33 -0.57 -2.85 -5.07 -7.53 2.16 4.09 4.28 19.45
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
28 18 12 12 13 8 15 18 7 4 20 190
27 25 20 33 25 21 22 14 16 21 40 149
Operating Profit 2 -7 -9 -21 -12 -13 -7 4 -9 -17 -20 41
OPM % 6% -37% -76% -171% -87% -158% -49% 21% -142% -416% -103% 22%
3 2 2 25 1 -4 18 1 -3 1 1 1
Interest 3 3 6 4 2 2 6 1 3 1 3 7
Depreciation 4 4 3 3 2 2 2 2 1 2 5 3
Profit before tax -2 -13 -16 -2 -15 -22 3 2 -17 -20 -27 32
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
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
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: 868%
Compounded Profit Growth
10 Years: 20%
5 Years: 44%
3 Years: 78%
TTM: 289%
Stock Price CAGR
10 Years: 40%
5 Years: 132%
3 Years: 82%
1 Year: 195%
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 38
Total Liabilities 174 162 157 133 121 93 85 95 80 104 161 236
58 53 50 55 54 43 33 32 25 24 24 32
CWIP 10 10 10 0 0 0 0 0 0 3 2 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
107 99 97 78 68 50 53 63 55 78 135 204
Total Assets 174 162 157 133 121 93 85 95 80 104 161 236

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 -72 15
-1 1 0 30 -0 26 25 -12 -7 -1 -5 -9
7 -2 3 -4 -2 -2 -6 -1 0 45 65 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 7 45
Inventory Days 1,779 293 1,915 844 266 962 967 2,141 2,098 195
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 1,644 164
Working Capital Days 782 1,182 1,740 1,357 1,205 1,190 497 567 1,217 2,155 1,521 222
ROCE % 0% -6% -7% -18% -12% -15% -8% 4% -13% -23% -21% 24%

Shareholding Pattern

Numbers in percentages

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

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Concalls

  • Mar 2025
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  • Feb 2024
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