Kernex Microsystems (India) Ltd
Incorporated in 1991, Kernex Microsystems Ltd manufactures and sells Safety Systems and Software services for Railways[1]
- Market Cap ₹ 715 Cr.
- Current Price ₹ 427
- High / Low ₹ 721 / 301
- Stock P/E
- Book Value ₹ 52.0
- Dividend Yield 0.00 %
- ROCE -19.9 %
- ROE -26.3 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 8.22 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -31.6% over past five years.
- Promoter holding is low: 29.2%
- Company has a low return on equity of -15.6% over last 3 years.
- Company has high debtors of 1,712 days.
- Working capital days have increased from 2,634 days to 6,097 days
* 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
Sector: Electronics Industry: Electronics - Components
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
43 | 27 | 28 | 20 | 12 | 12 | 13 | 7 | 15 | 16 | 5 | 2 | 11 | |
33 | 22 | 27 | 24 | 20 | 33 | 25 | 20 | 22 | 15 | 15 | 18 | 23 | |
Operating Profit | 9 | 5 | 2 | -4 | -8 | -21 | -11 | -12 | -7 | 1 | -10 | -16 | -12 |
OPM % | 22% | 19% | 6% | -18% | -74% | -170% | -85% | -164% | -49% | 7% | -182% | -801% | -112% |
2 | 3 | 3 | 2 | 2 | 25 | 1 | -4 | 18 | 2 | -3 | 1 | 2 | |
Interest | 4 | 4 | 3 | 3 | 4 | 3 | 2 | 2 | 1 | 1 | 2 | 2 | 2 |
Depreciation | 1 | 3 | 4 | 4 | 3 | 3 | 2 | 2 | 2 | 2 | 1 | 2 | 3 |
Profit before tax | 7 | 2 | -2 | -10 | -14 | -1 | -15 | -21 | 8 | 0 | -16 | -19 | -15 |
Tax % | 35% | 63% | 19% | 3% | 2% | -162% | 4% | 1% | -0% | 12% | -2% | -2% | |
4 | 1 | -2 | -9 | -13 | -4 | -14 | -21 | 8 | 0 | -17 | -20 | -16 | |
EPS in Rs | 3.58 | 0.52 | -1.36 | -7.51 | -10.63 | -2.81 | -11.54 | -16.54 | 6.45 | 0.30 | -13.26 | -12.85 | -10.21 |
Dividend Payout % | 28% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -23% |
5 Years: | -32% |
3 Years: | -48% |
TTM: | 361% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -9% |
3 Years: | % |
TTM: | 2% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 73% |
3 Years: | 67% |
1 Year: | 19% |
Return on Equity | |
---|---|
10 Years: | -13% |
5 Years: | -16% |
3 Years: | -16% |
Last Year: | -26% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 15 | 15 |
Reserves | 117 | 118 | 117 | 106 | 92 | 84 | 69 | 49 | 57 | 58 | 46 | 77 | 72 |
18 | 16 | 21 | 22 | 27 | 18 | 19 | 13 | 5 | 14 | 12 | 9 | 17 | |
19 | 16 | 20 | 20 | 24 | 18 | 20 | 17 | 12 | 15 | 14 | 13 | 12 | |
Total Liabilities | 166 | 163 | 170 | 161 | 156 | 132 | 120 | 92 | 87 | 99 | 85 | 114 | 117 |
28 | 60 | 58 | 53 | 50 | 55 | 54 | 43 | 33 | 32 | 25 | 24 | 22 | |
CWIP | 44 | 10 | 10 | 10 | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 11 | 8 | 8 | 13 | 13 |
93 | 91 | 102 | 97 | 95 | 75 | 66 | 48 | 43 | 60 | 51 | 77 | 81 | |
Total Assets | 166 | 163 | 170 | 161 | 156 | 132 | 120 | 92 | 87 | 99 | 85 | 114 | 117 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
8 | 3 | -2 | 1 | -6 | -26 | 2 | -25 | -8 | 1 | -5 | -31 | |
-1 | -0 | -1 | 1 | 0 | 30 | -0 | 29 | 15 | -9 | -6 | -36 | |
-10 | -7 | 1 | -2 | 5 | -3 | -2 | -2 | -1 | -1 | 1 | 48 | |
Net Cash Flow | -2 | -3 | -2 | -1 | -0 | 0 | 0 | 1 | 5 | -9 | -10 | -19 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 364 | 628 | 711 | 945 | 1,643 | 1,223 | 1,002 | 745 | 321 | 300 | 775 | 1,712 |
Inventory Days | 599 | 1,408 | 6,386 | 1,779 | 293 | 1,670 | 894 | 137 | 978 | 1,026 | 4,437 | |
Days Payable | 266 | 751 | 3,258 | 962 | 236 | 1,103 | 20 | 20 | 307 | 337 | 959 | |
Cash Conversion Cycle | 697 | 1,285 | 711 | 4,073 | 2,460 | 1,279 | 1,568 | 1,619 | 438 | 971 | 1,463 | 5,190 |
Working Capital Days | 432 | 731 | 829 | 1,145 | 1,951 | 1,373 | 1,149 | 1,186 | 327 | 523 | 1,281 | 6,097 |
ROCE % | 7% | 4% | 1% | -4% | -7% | -18% | -12% | -15% | -8% | 1% | -13% | -20% |
Documents
Announcements
- Closure of Trading Window 2d
- Imposition Of Penalties 2d
-
Update On Reclassification Of Promoters
31 May - Certified Copy of Resolution passed by the Board for Re-Classification of Promoters
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Secretarial Compliance report for the year ended March 31, 2024
- Reg 32 30 May
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from nse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2011
from nse
Concalls
-
Feb 2024TranscriptNotesPPT
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.