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Kernex Microsystems (India) Limited

Kernex Microsystems (India) Limited

KERNEX.NS
Kernex Microsystems (India) LimitedIN flagNational Stock Exchange of India
2,215.10
INR
-187.90
- -
37.22BMarket Cap
Kernex Microsystems (India) Limited
KERNEX.NS
(National Stock Exchange of India)

Recent

price

2,215.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
35.22
35.08
22.59
23.86
15.61
9.71
9.84
10.64
6.51
11.91
14.66
5.32
2.99
12.32
113.25
256.71
255.81
Revenue per Share
3.49
3.3
0.29
-1.69
-10.11
-12.75
-3.24
-11.77
-17.06
2.74
1.61
-13.76
-14.64
-16.61
29.98
52.71
52.52
Basic EPS, GAAP
-6.51
5.59
2.82
-1.08
-4.59
-2.83
-21.89
2.15
-20.16
-9.09
2.06
-3.82
-27.06
-47.74
3.4
-68.23
- -
Free Cash Flow per Basic Share
- -
1
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
10
24.04
24.56
22.88
12.22
-1.17
-4.41
-13.73
-30.53
-27.8
-26.18
-39.95
-49.36
-57.79
-24.87
10.03
9.99
Book Value per Share
100.02
102.28
102.41
101.51
90.6
76.65
70.11
60.9
44.47
47.16
50.19
38.65
58.69
66.77
89.68
143.71
143.2
Tangible Book Value per Share
12
12
12
12
12
12
12
12
12
12
12
12
14
16
17
17
17
Basic Weighted Avg Shares
440
439
282
298
195
121
123
133
81
149
183
67
40
196
1,898
4,302
4,302
Sales/Revenue/Turnover
22.7
19.1
8.36
-7.78
-28.34
-96.71
-146.17
-30.81
-170.84
-55.08
14.53
-161.98
-442.79
-101.49
20.01
33.23
33.23
Operating Margin (%)
11
8
28
40
42
32
26
22
21
17
16
14
24
23
28
58
58
Depreciation Expense
44
41
4
-21
-126
-159
-40
-147
-213
34
20
-172
-198
-264
502
883
883
Net Income, GAAP
36.41
36.57
75.35
- -
- -
- -
- -
- -
- -
- -
2.54
- -
- -
- -
- -
24.61
24.61
Effective Tax Rate (%)
9.91
9.42
1.28
-7.06
-64.78
-131.23
-32.92
-110.6
-262.16
23
11.01
-258.57
-490.53
-134.77
26.47
20.53
20.53
Profit Margin (%)
450
466
486
530
433
327
268
231
51
183
234
210
435
791
1,101
2,042
2,042
Working Capital
- -
- -
- -
- -
- -
- -
- -
1
- -
- -
- -
- -
3
2
5
4
4
LT Debt
1,250
1,278
1,283
1,270
1,133
958
877
762
556
590
628
483
820
1,062
1,573
2,474
2,474
Total Equity
4.77
3.92
0.4
- -
- -
- -
- -
- -
- -
- -
4.66
- -
- -
- -
- -
35.77
31.19
Return on Invested Capital (%)
28.84
21.41
0.76
- -
- -
- -
- -
- -
- -
- -
-17.07
- -
- -
- -
- -
124.41
77.45
Return on Capital (%)
34.92
19.41
1.19
-7.11
-57.64
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
526.41
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
886
- -
1,617
LT Borrowings
2
- -
4
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
17
- -
17
Market Capitalization
17,174
20,502
14,413

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
4,117
- -
8,566
Cash, Cash Equivalents & STI
357
- -
299
Accounts Receivable, Net
356
- -
3,163
Inventories
2,155
- -
3,713
Total Current Liabilities
2,817
- -
6,524
Payables & Accruals
- -
- -
- -
ST Debt
886
- -
1,617
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.55%
36.32%
57.28%
Free Cash Flow
-237.52%
-344.8%
-2,106.37%
Net Income, GAAP
-104.17%
-223.67%
75.84%
Sales/Revenue/Turnover
135.39%
255.44%
126.7%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
10
14
83
89
196
2025
287
412
368
831
1,898
2026
559
471
726
2,546
4,302

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.66
-2.78
-5.44
- -
-16.61
2025
2.16
4.09
4.29
19.44
29.98
2026
4.45
3.87
3.61
40.69
52.71

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Kernex Microsystems (India) Limited engages in the design, development, manufacturing, and sale of railway safety systems and embedded software solutions primarily in India with international operations including a U.S. subsidiary. Founded in 1991 and headquartered in Hyderabad, India, the company offers core products such as the KAVACH automatic train protection system; TrainSHIELD, an anti-collision device; LxGuard and SENTINEX for level crossing protection; SAFELx, a train-actuated warning system; CASRY for yard collision avoidance; ATRW, an automatic timing device for wagons; and KTPIS, a passenger information system; alongside turnkey services encompassing electronic product design, embedded software development, manufacturing, testing, installation, and maintenance. It operates in the railway safety and signaling segment, targeting Indian Railways and freight corridors with capabilities in GPS, radio communication, and systems integration under ISO 9001 certification. Recent developments include securing multiple KAVACH orders in 2024-2025, such as a Rs151.41 crore contract from West Central Railway via the Kernex-KEC consortium for Bhopal division stretches; a Rs209.82 crore project from DFCCIL for the Eastern Dedicated Freight Corridor; and a Rs182.81 crore letter of acceptance from Western Railways; elevating its order book since April 2024 to over Rs3,300 crore and reinforcing its leadership in indigenous rail safety automation.