WEBSITE BSE:532686 NSE: KERNEX MICRO Inc. Year: 1991 Industry: Electronics - Components My Bucket: Add Stock
Last updated: 15:58
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Kernex Microsystems (India) Ltd is an primarily India-based organisation, that is engaged within the manufacture and sale of safety structures and software offerings for railways. The Company's principal activities consist of operational upkeep of anti-collision devices for railways; supply of Train Collision Avoidance Systems (TCAS) devices, and set up of Lxcs Gates for Egyptian National Railways. The Company offers various value-added embedded R&D offerings and electronics manufacturing offerings (EMS/CEM) to its customers. The Company gives ...Read More
Kernex Microsystems (India) Ltd is an primarily India-based organisation, that is engaged within the manufacture and sale of safety structures and software offerings for railways. The Company's principal activities consist of operational upkeep of anti-collision devices for railways; supply of Train Collision Avoidance Systems (TCAS) devices, and set up of Lxcs Gates for Egyptian National Railways. The Company offers various value-added embedded R&D offerings and electronics manufacturing offerings (EMS/CEM) to its customers. The Company gives quite a number of merchandise, including LxGuard, TrainSHIELD, SAFELx, Sentinex, Casry, KMDAX, Automatic Timing (Recording) Device for Railway Wagons (ATRW), KTPIS, and Battery Charger Cum Power Supply (BPCS2440). The Company also gives diverse services, which include turnkey product improvement, digital product design, embedded software program design, electronic manufacturing, Environmental Stress Screening (ESS) testing and training. ...Read Less
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Market Cap ₹2266 Cr.
Stock P/E 45.3
P/B 12.6
Current Price ₹1348.8
Book Value ₹ 107.1
Face Value 10
52W High ₹1434
Dividend Yield 0%
52W Low ₹ 672.1
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1 | 8 | 9 | 29 | 41 | 37 | 83 | 56 | 47 | 73 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Total Income | 2 | 9 | 9 | 29 | 41 | 37 | 84 | 56 | 48 | 73 |
| Total Expenditure | 5 | 13 | 21 | 24 | 31 | 28 | 66 | 43 | 33 | 56 |
| Operating Profit | -3 | -4 | -12 | 5 | 11 | 9 | 18 | 13 | 15 | 17 |
| Interest | 0 | 1 | 1 | 1 | 3 | 1 | 2 | 3 | 5 | 9 |
| Depreciation | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -4 | -9 | -13 | 3 | 7 | 7 | 15 | 10 | 9 | 6 |
| Provision for Tax | 0 | 0 | -1 | -0 | -0 | -0 | -17 | 2 | 3 | 0 |
| Profit After Tax | -5 | -9 | -13 | 4 | 7 | 7 | 33 | 7 | 7 | 6 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Profit After Adjustments | -4 | -8 | -13 | 4 | 7 | 7 | 33 | 7 | 7 | 6 |
| Adjusted Earnings Per Share | -2.9 | -5.1 | -7.5 | 2.2 | 4.1 | 4.3 | 19.4 | 4.5 | 3.9 | 3.6 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 20 | 12 | 12 | 13 | 8 | 15 | 18 | 7 | 4 | 20 | 190 | 259 |
| Other Income | 2 | 2 | 2 | 1 | 21 | 18 | 1 | 2 | 1 | 1 | 1 | 1 |
| Total Income | 21 | 14 | 14 | 14 | 29 | 33 | 20 | 8 | 5 | 21 | 191 | 261 |
| Total Expenditure | 26 | 21 | 33 | 25 | 21 | 22 | 14 | 16 | 21 | 42 | 149 | 198 |
| Operating Profit | -5 | -7 | -19 | -11 | 8 | 11 | 5 | -8 | -16 | -22 | 42 | 63 |
| Interest | 3 | 6 | 4 | 2 | 2 | 6 | 1 | 3 | 1 | 3 | 7 | 19 |
| Depreciation | 4 | 3 | 3 | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 3 | 5 |
| Exceptional Income / Expenses | 0 | 0 | 24 | 0 | -25 | 0 | 0 | -4 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -13 | -16 | -2 | -15 | -22 | 3 | 2 | -17 | -20 | -27 | 33 | 40 |
| Provision for Tax | -0 | -0 | 2 | -1 | -0 | -0 | 0 | 0 | 0 | -0 | -18 | -12 |
| Profit After Tax | -13 | -16 | -4 | -15 | -21 | 3 | 2 | -17 | -20 | -27 | 50 | 53 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -13 | -16 | -4 | -15 | -21 | 3 | 2 | -17 | -20 | -26 | 50 | 53 |
| Adjusted Earnings Per Share | -10.1 | -12.7 | -3.2 | -11.8 | -17.1 | 2.7 | 1.6 | -13.8 | -12.8 | -15.8 | 30 | 31.4 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 850% | 201% | 66% | 25% |
| Operating Profit CAGR | 0% | 0% | 31% | 0% |
| PAT CAGR | 0% | 0% | 76% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 85% | 69% | 99% | 45% |
| ROE Average | 38% | -7% | -10% | -11% |
| ROCE Average | 24% | -7% | -7% | -6% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 113 | 97 | 88 | 76 | 56 | 59 | 63 | 48 | 82 | 107 | 158 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 | -1 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | -0 | 3 | 7 | 9 | 0 | 3 | 3 | 1 | 1 | 1 | -13 |
| Total Current Liabilities | 48 | 56 | 39 | 35 | 28 | 17 | 26 | 28 | 18 | 51 | 74 |
| Total Liabilities | 161 | 156 | 133 | 120 | 84 | 79 | 92 | 78 | 102 | 159 | 219 |
| Fixed Assets | 53 | 50 | 55 | 54 | 43 | 33 | 32 | 25 | 24 | 24 | 25 |
| Other Non-Current Assets | 17 | 17 | 12 | 8 | 8 | 11 | 11 | 3 | 17 | 5 | 9 |
| Total Current Assets | 92 | 89 | 66 | 58 | 33 | 35 | 50 | 49 | 61 | 130 | 185 |
| Total Assets | 161 | 156 | 133 | 120 | 84 | 79 | 92 | 78 | 102 | 159 | 219 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 13 | 6 | 5 | 6 | 6 | 7 | 2 | 5 | 7 | 15 | 4 |
| Cash Flow from Operating Activities | -6 | -4 | -26 | 3 | -25 | -11 | 3 | -5 | -36 | -71 | 15 |
| Cash Flow from Investing Activities | 1 | 0 | 30 | -0 | 29 | 25 | 1 | 6 | -1 | -5 | -9 |
| Cash Flow from Financing Activities | -2 | 3 | -4 | -2 | -2 | -6 | -1 | 0 | 45 | 64 | 5 |
| Net Cash Inflow / Outflow | -8 | -0 | 0 | 1 | 1 | 7 | 3 | 2 | 9 | -11 | 11 |
| Closing Cash & Cash Equivalent | 6 | 5 | 6 | 6 | 7 | 15 | 5 | 7 | 15 | 4 | 15 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -10.11 | -12.75 | -3.24 | -11.77 | -17.06 | 2.74 | 1.62 | -13.77 | -12.82 | -15.76 | 29.98 |
| CEPS(Rs) | -6.78 | -10.18 | -1.19 | -9.98 | -15.38 | 4.13 | 2.86 | -12.62 | -11.41 | -14.54 | 31.55 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 90.61 | 77.27 | 70.13 | 60.94 | 44.49 | 47.18 | 50.12 | 34.17 | 53.14 | 63.61 | 93.47 |
| Core EBITDA Margin(%) | -35.3 | -72.04 | -170.82 | -87.22 | -158.11 | -49.29 | 20.89 | -141.83 | -416.29 | -116.71 | 21.5 |
| EBIT Margin(%) | -48.85 | -81.33 | 14.74 | -98.7 | -237.03 | 61.97 | 19.26 | -203.95 | -456.02 | -121.99 | 20.78 |
| Pre Tax Margin(%) | -66.26 | -133.91 | -15.31 | -114.84 | -265.18 | 22.79 | 11.31 | -253.48 | -483.81 | -136.73 | 17.13 |
| PAT Margin (%) | -64.78 | -131.23 | -32.92 | -110.6 | -262.16 | 23.02 | 11.03 | -258.76 | -495.6 | -136.29 | 26.37 |
| Cash Profit Margin (%) | -43.43 | -104.79 | -12.13 | -93.71 | -236.31 | 34.65 | 19.52 | -237.16 | -436.51 | -124.35 | 27.86 |
| ROA(%) | -7.55 | -10.05 | -2.8 | -11.63 | -20.93 | 4.2 | 2.36 | -20.27 | -22.35 | -20.52 | 26.52 |
| ROE(%) | -10.52 | -15.19 | -4.4 | -17.96 | -32.37 | 5.98 | 3.32 | -32.67 | -32.07 | -28.3 | 38.02 |
| ROCE(%) | -6.47 | -7.28 | 1.5 | -12.27 | -21.67 | 12.65 | 4.63 | -18.19 | -23.15 | -21.02 | 23.69 |
| Receivable days | 1005.37 | 1567.97 | 1386.28 | 1068.1 | 1151.94 | 342.27 | 247.51 | 626.43 | 0 | 93.71 | 27.58 |
| Inventory Days | 444.67 | 764.73 | 519.69 | 257.62 | 247.95 | 46.32 | 95.9 | 425.21 | 958.12 | 798.54 | 119.52 |
| Payable days | 0 | 957.51 | 355.28 | 1695.71 | 257.23 | 14.14 | 75.14 | 145.7 | 135.72 | 234.86 | 68.06 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 4.79 | 41.08 | 0 | 0 | 0 | 25.89 |
| Price/Book(x) | 0.37 | 0.41 | 0.59 | 0.61 | 0.52 | 0.28 | 1.32 | 4.39 | 4.63 | 8.77 | 8.3 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 3.26 | 5.71 | 5.71 | 4.97 | 5.14 | 0.82 | 4.67 | 27.96 | 88.84 | 48.13 | 6.89 |
| EV/Core EBITDA(x) | -11.86 | -10.19 | -3.66 | -6.07 | 5.32 | 1.11 | 16.82 | -24.14 | -22.38 | -43.74 | 30.93 |
| Net Sales Growth(%) | -34.58 | -39.02 | 3.37 | 8.16 | -38.85 | 82.9 | 23.13 | -63.7 | -39.27 | 385.15 | 868.33 |
| EBIT Growth(%) | -1733.88 | -3.59 | 118.37 | -824.07 | -46.85 | 147.82 | -61.72 | -484.34 | -35.79 | -29.78 | 264.91 |
| PAT Growth(%) | -499.87 | -26.04 | 74.58 | -263.35 | -44.95 | 116.06 | -41.01 | -951.85 | -16.32 | -33.41 | 287.38 |
| EPS Growth(%) | -499.86 | -26.04 | 74.58 | -263.34 | -44.95 | 116.04 | -40.96 | -951.87 | 6.91 | -22.95 | 290.21 |
| Debt/Equity(x) | 0.25 | 0.35 | 0.28 | 0.34 | 0.37 | 0.18 | 0.32 | 0.42 | 0.13 | 0.26 | 0.26 |
| Current Ratio(x) | 1.9 | 1.59 | 1.69 | 1.67 | 1.18 | 2.1 | 1.9 | 1.75 | 3.44 | 2.55 | 2.48 |
| Quick Ratio(x) | 1.36 | 1.15 | 1.43 | 1.42 | 1.09 | 2.02 | 1.58 | 1.49 | 2.65 | 1.15 | 1.77 |
| Interest Cover(x) | -2.81 | -1.55 | 0.49 | -6.12 | -8.42 | 1.58 | 2.42 | -4.12 | -16.41 | -8.27 | 5.7 |
| Total Debt/Mcap(x) | 0.67 | 0.84 | 0.48 | 0.55 | 0.71 | 0.65 | 0.24 | 0.1 | 0.03 | 0.03 | 0.03 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 29.15 | 29.15 | 29.15 | 29.15 | 29.09 | 29.09 | 28.97 | 28.97 | 28.9 | 28.85 |
| FII | 0.01 | 0.01 | 0 | 0.49 | 1.16 | 0.07 | 0.52 | 0.54 | 0.07 | 0.3 |
| DII | 0.07 | 0.07 | 0.06 | 0.06 | 0.79 | 1.16 | 1.17 | 0.45 | 0.1 | 0.09 |
| Public | 70.78 | 70.77 | 70.79 | 70.3 | 68.96 | 69.68 | 69.34 | 70.04 | 70.94 | 70.77 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.49 | 0.49 | 0.49 | 0.49 | 0.49 | 0.49 | 0.49 | 0.49 | 0.49 | 0.48 |
| FII | 0 | 0 | 0 | 0.01 | 0.02 | 0 | 0.01 | 0.01 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0.01 | 0.02 | 0.02 | 0.01 | 0 | 0 |
| Public | 1.19 | 1.19 | 1.19 | 1.18 | 1.16 | 1.17 | 1.16 | 1.17 | 1.19 | 1.19 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 |
* The pros and cons are machine generated.
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