Kernex Microsystems (India) Ltd

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

Kernex Microsystems (India) Ltd

₹ 1,446 -5.00%
20 Dec - 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
  • Market Cap ₹ 2,424 Cr.
  • Current Price ₹ 1,446
  • High / Low ₹ 1,584 / 334
  • Stock P/E
  • Book Value ₹ 79.4
  • Dividend Yield 0.00 %
  • ROCE -14.4 %
  • ROE -19.1 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 18.2 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding is low: 29.2%
  • Company has a low return on equity of -21.6% over last 3 years.
  • Earnings include an other income of Rs.1.91 Cr.

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
2.80 0.34 0.76 0.91 0.41 0.26 0.43 0.96 0.82 8.57 8.94 28.68 41.16
4.54 2.48 4.10 3.34 3.99 4.69 6.30 1.57 4.16 10.85 20.64 23.65 30.77
Operating Profit -1.74 -2.14 -3.34 -2.43 -3.58 -4.43 -5.87 -0.61 -3.34 -2.28 -11.70 5.03 10.39
OPM % -62.14% -629.41% -439.47% -267.03% -873.17% -1,703.85% -1,365.12% -63.54% -407.32% -26.60% -130.87% 17.54% 25.24%
0.22 1.01 -4.09 0.22 0.35 0.45 0.28 0.64 0.42 0.68 0.28 0.46 0.49
Interest 0.85 0.49 0.54 0.45 0.45 0.78 0.30 0.20 0.35 1.22 0.47 0.98 3.00
Depreciation 0.32 0.45 0.28 0.32 0.36 0.35 1.36 0.62 0.56 0.63 0.53 0.63 0.65
Profit before tax -2.69 -2.07 -8.25 -2.98 -4.04 -5.11 -7.25 -0.79 -3.83 -3.45 -12.42 3.88 7.23
Tax % 3.35% 5.31% 1.21% 1.01% 2.23% 3.52% 2.48% 10.13% 11.23% 1.45% -5.23% -3.35% -0.28%
-2.77 -2.18 -8.35 -3.02 -4.12 -5.30 -7.42 -0.86 -4.26 -3.50 -11.77 4.02 7.25
EPS in Rs -2.22 -1.74 -6.68 -2.19 -2.99 -3.84 -4.80 -0.56 -2.76 -2.09 -7.02 2.40 4.33
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
27.20 28.29 20.25 11.53 12.30 13.31 7.47 14.62 15.58 5.36 2.00 19.30 87.35
22.06 26.56 23.97 20.01 33.16 24.61 19.69 21.84 14.52 15.13 18.02 36.72 85.91
Operating Profit 5.14 1.73 -3.72 -8.48 -20.86 -11.30 -12.22 -7.22 1.06 -9.77 -16.02 -17.42 1.44
OPM % 18.90% 6.12% -18.37% -73.55% -169.59% -84.90% -163.59% -49.38% 6.80% -182.28% -801.00% -90.26% 1.65%
3.21 3.29 1.60 2.08 25.39 0.71 -4.31 18.26 1.83 -2.62 1.31 2.02 1.91
Interest 3.84 3.09 3.40 4.01 3.31 2.15 2.29 1.28 0.91 2.40 2.28 2.75 5.67
Depreciation 2.76 4.03 4.17 3.21 2.56 2.25 2.10 1.73 1.55 1.44 2.39 2.34 2.44
Profit before tax 1.75 -2.10 -9.69 -13.62 -1.34 -14.99 -20.92 8.03 0.43 -16.23 -19.38 -20.49 -4.76
Tax % 63.43% -19.05% -2.99% -2.42% 161.94% -3.74% -1.20% -0.37% 11.63% 2.16% 2.48% -0.44%
0.65 -1.70 -9.39 -13.29 -3.51 -14.42 -20.67 8.06 0.37 -16.58 -19.86 -20.41 -4.00
EPS in Rs 0.52 -1.36 -7.51 -10.63 -2.81 -11.54 -16.54 6.45 0.30 -13.26 -12.85 -12.18 -2.38
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -4%
5 Years: 21%
3 Years: 7%
TTM: 3436%
Compounded Profit Growth
10 Years: %
5 Years: -8%
3 Years: %
TTM: 78%
Stock Price CAGR
10 Years: 37%
5 Years: 138%
3 Years: 150%
1 Year: 147%
Return on Equity
10 Years: -16%
5 Years: -16%
3 Years: -22%
Last Year: -19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 12.50 15.46 16.76 16.76
Reserves 117.61 116.51 105.98 91.95 83.56 69.31 49.07 57.13 57.58 46.10 76.83 105.05 116.29
16.35 20.78 21.80 26.93 17.92 19.03 13.45 5.49 13.82 11.95 8.67 24.24 30.74
16.32 20.36 20.35 24.39 18.13 19.58 16.57 11.76 15.41 14.30 12.98 29.27 42.59
Total Liabilities 162.78 170.15 160.63 155.77 132.11 120.42 91.59 86.88 99.31 84.85 113.94 175.32 206.38
60.48 57.62 52.78 49.68 55.45 53.54 42.66 32.60 31.55 25.49 23.73 23.69 26.59
CWIP 9.74 9.74 9.74 9.74 0.00 0.00 0.00 0.03 0.00 0.00 0.00 2.31 0.07
Investments 1.18 1.18 1.18 1.18 1.18 1.18 1.18 10.97 8.04 8.04 12.84 12.84 12.84
91.38 101.61 96.93 95.17 75.48 65.70 47.75 43.28 59.72 51.32 77.37 136.48 166.88
Total Assets 162.78 170.15 160.63 155.77 132.11 120.42 91.59 86.88 99.31 84.85 113.94 175.32 206.38

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3.44 -2.06 0.64 -5.85 -25.92 2.47 -25.00 -8.07 0.91 -5.36 -34.38 -69.72
-0.07 -0.94 0.61 0.37 29.64 -0.03 28.69 14.72 -8.64 -6.37 -4.90 -4.81
-6.85 1.35 -2.39 5.12 -3.33 -2.02 -2.33 -1.30 -0.91 1.25 48.12 63.26
Net Cash Flow -3.48 -1.65 -1.14 -0.36 0.39 0.43 1.36 5.35 -8.64 -10.48 8.85 -11.26

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 627.61 710.52 945.03 1,642.66 1,222.90 1,001.76 744.66 321.31 300.11 774.94 0.00 6.81
Inventory Days 1,407.99 6,386.28 1,779.11 292.80 1,670.00 893.68 137.06 978.45 1,025.83 4,281.63 2,151.12
Days Payable 750.63 3,258.05 961.62 236.36 1,103.33 19.64 20.36 307.18 337.33 823.19 573.90
Cash Conversion Cycle 1,284.97 710.52 4,073.26 2,460.14 1,279.34 1,568.43 1,618.69 438.01 971.38 1,463.44 3,458.44 1,584.03
Working Capital Days 731.34 829.09 1,144.93 1,951.31 1,372.76 1,148.75 1,186.37 327.30 522.67 1,280.90 3,657.30 1,470.59
ROCE % 3.80% 0.67% -4.34% -7.08% -17.58% -11.94% -14.81% -8.13% 1.48% -13.16% -19.94% -14.38%

Shareholding Pattern

Numbers in percentages

9 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
31.04% 34.52% 31.27% 31.27% 31.27% 31.60% 31.60% 31.60% 29.14% 29.14% 29.14% 29.14%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.01% 0.01% 0.00% 0.49%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.00% 0.04%
0.00% 0.00% 0.00% 0.08% 0.08% 0.07% 0.07% 0.07% 0.06% 0.06% 0.06% 0.06%
68.96% 65.48% 68.73% 68.66% 68.65% 68.34% 68.33% 68.30% 70.79% 70.77% 70.78% 70.26%
No. of Shareholders 12,76112,51412,22413,02413,09113,09413,79114,66015,00716,24022,24127,058

* 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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  • Feb 2024
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