Kernex Microsystems (India) Ltd
Incorporated in 1991, Kernex Microsystems Ltd manufactures and sells Safety Systems and Software services for Railways[1]
- Market Cap ₹ 717 Cr.
- Current Price ₹ 427
- High / Low ₹ 721 / 301
- Stock P/E
- Book Value ₹ 49.6
- Dividend Yield 0.00 %
- ROCE -23.2 %
- ROE -30.4 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 8.60 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -21.2% over past five years.
- Promoter holding is low: 29.2%
- Company has a low return on equity of -17.4% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 827 days.
- Working capital days have increased from 1,593 days to 2,995 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | 18 | 12 | 12 | 13 | 8 | 15 | 18 | 7 | 4 | 5 | |
34 | 22 | 27 | 25 | 20 | 33 | 25 | 21 | 22 | 14 | 16 | 21 | 20 | |
Operating Profit | 9 | 5 | 2 | -7 | -9 | -21 | -12 | -13 | -7 | 4 | -9 | -17 | -15 |
OPM % | 22% | 19% | 6% | -37% | -76% | -171% | -87% | -158% | -49% | 21% | -142% | -416% | -296% |
2 | 3 | 3 | 2 | 2 | 25 | 1 | -4 | 18 | 1 | -3 | 1 | 1 | |
Interest | 4 | 4 | 3 | 3 | 6 | 4 | 2 | 2 | 6 | 1 | 3 | 1 | 0 |
Depreciation | 1 | 3 | 4 | 4 | 3 | 3 | 2 | 2 | 2 | 2 | 1 | 2 | 3 |
Profit before tax | 7 | 1 | -2 | -13 | -16 | -2 | -15 | -22 | 3 | 2 | -17 | -20 | -17 |
Tax % | 37% | 76% | 16% | 2% | 2% | -115% | 4% | 1% | -1% | 2% | -2% | -2% | |
4 | 0 | -2 | -13 | -16 | -4 | -15 | -21 | 3 | 2 | -17 | -20 | -18 | |
EPS in Rs | 3.30 | 0.29 | -1.69 | -10.11 | -12.74 | -3.24 | -11.78 | -17.06 | 2.74 | 1.62 | -13.76 | -12.82 | -11.38 |
Dividend Payout % | 30% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | -17% |
5 Years: | -21% |
3 Years: | -35% |
TTM: | 51% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -8% |
3 Years: | -30% |
TTM: | -19% |
Stock Price CAGR | |
---|---|
10 Years: | 20% |
5 Years: | 74% |
3 Years: | 70% |
1 Year: | 25% |
Return on Equity | |
---|---|
10 Years: | -16% |
5 Years: | -19% |
3 Years: | -17% |
Last Year: | -30% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 115 | 116 | 115 | 101 | 84 | 75 | 64 | 43 | 46 | 50 | 36 | 67 | 61 |
18 | 16 | 26 | 28 | 33 | 24 | 26 | 21 | 11 | 20 | 18 | 11 | 21 | |
19 | 16 | 20 | 20 | 27 | 21 | 19 | 16 | 16 | 12 | 14 | 9 | 9 | |
Total Liabilities | 165 | 161 | 174 | 162 | 157 | 133 | 121 | 93 | 85 | 95 | 80 | 102 | 107 |
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 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
93 | 91 | 107 | 99 | 97 | 78 | 68 | 50 | 53 | 63 | 55 | 78 | 85 | |
Total Assets | 165 | 161 | 174 | 162 | 157 | 133 | 121 | 93 | 85 | 95 | 80 | 102 | 107 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
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 | 4 | -1 | -6 | -4 | -26 | 3 | -23 | -11 | 3 | -5 | -32 | |
-1 | -0 | -1 | 1 | 0 | 30 | -0 | 26 | 25 | -12 | -7 | -32 | |
-10 | -7 | 7 | -2 | 3 | -4 | -2 | -2 | -6 | -1 | 0 | 45 | |
Net Cash Flow | -2 | -3 | 5 | -8 | -0 | 0 | 1 | 1 | 7 | -10 | -11 | -19 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 1,043 | 1,643 | 1,236 | 996 | 674 | 316 | 239 | 596 | 827 |
Inventory Days | 599 | 1,408 | 1,779 | 293 | 1,915 | 844 | 266 | 962 | 967 | 1,582 | ||
Days Payable | 267 | 753 | 962 | 325 | 1,225 | 405 | 20 | 101 | 177 | 43 | ||
Cash Conversion Cycle | 696 | 1,282 | 711 | 1,043 | 2,460 | 1,205 | 1,686 | 1,114 | 562 | 1,099 | 1,385 | 2,366 |
Working Capital Days | 450 | 759 | 782 | 1,182 | 1,740 | 1,357 | 1,205 | 1,190 | 497 | 567 | 1,217 | 2,995 |
ROCE % | 7% | 4% | 0% | -6% | -7% | -18% | -12% | -15% | -8% | 4% | -13% | -23% |
Documents
Announcements
- Closure of Trading Window 30 Jun
- Imposition Of Penalties 30 Jun
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Update On Reclassification Of Promoters
31 May - Certified Copy of Resolution passed by the Board for Re-Classification of Promoters
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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
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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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.