Kernex Microsystems (India) Q1 FY27 Share Price & Earnings Call Analysis

₹1,583.00-0.28% today
Market cap
₹2,660 Cr
P/E
13.95
ROE
43.52%
PEG
0.16
Price to sales
3.03
Debt to equity
0.65
52W high / low
₹2,549 / ₹857
Sales growth (5Y)
88.00%
EBITDA margin
34.06%
Net profit margin
20.51%
Promoter holding
28.73%
Sales (last year)
₹878 Cr

Incorporated in 1991, Kernex Microsystems Ltd manufactures and sells Safety Systems and Software services for Railways[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Transport Services
on management's own guidance

  1. 2
  2. Strong growth
    1
  3. Strong growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Transport Services companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 0–2%₹759 Cr23.8
240%+Flat₹15,957 Cr70.8
340%+Flat₹3,664 Cr24.9
440%+Flat₹551 Cr15.4
520–40%Up 2%+₹478 Cr6.3
620–40%Up 2%+₹220 Cr7.6

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Financials of Kernex Microsystems (India)

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Kernex Microsystems (India)

Quarterly Results

Quarter-by-quarter operating performance

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +2.110.520.961.418.318.9128.6841.2236.8183.0755.9347.1272.60
Expenses +6.387.121.464.8212.8121.2623.8330.9728.2365.9543.3532.8555.81
Operating Profit-4.27-6.60-0.50-3.41-4.50-12.354.8510.258.5817.1212.5814.2716.79
OPM %-202.37%-1,269.23%-52.08%-241.84%-54.15%-138.61%16.91%24.87%23.31%20.61%22.49%30.28%23.13%
Other Income +1.95-1.510.470.260.500.080.240.260.330.620.360.490.48
Interest0.81-1.260.210.401.250.521.033.061.221.612.554.699.12
Depreciation0.351.360.620.563.260.530.630.650.620.930.840.971.88
Profit before tax-3.48-8.21-0.86-4.11-8.51-13.323.436.807.0715.209.559.106.27
Tax %5.17%2.07%9.30%10.46%0.59%-4.88%-3.79%-0.29%-0.85%-114.01%22.41%28.35%3.35%
Net Profit +-3.66-8.37-0.94-4.53-8.57-12.673.576.827.1332.537.416.526.06
EPS in Rs-2.63-5.33-0.57-2.85-5.07-7.532.164.094.2819.454.453.923.59

Financials of Kernex Microsystems (India)

Profit & Loss

Annual income statement trend

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +2818121213815187420190259
Expenses +2725203325212214162142149198
Operating Profit2-7-9-21-12-13-74-9-17-234161
OPM %6%-37%-76%-171%-87%-158%-49%21%-142%-416%-117%22%23%
Other Income +322251-4181-31112
Interest33642261313718
Depreciation4433222212235
Profit before tax-2-13-16-2-15-2232-17-20-273240
Tax %-16%-2%-2%115%-4%-1%-1%2%2%2%-0%-54%
Net Profit +-2-13-16-4-15-2132-17-20-275053
EPS in Rs-1.69-10.11-12.74-3.24-11.78-17.062.741.62-13.76-12.82-15.7629.9831.41
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Financials of Kernex Microsystems (India)

Balance Sheet

Capital structure and asset base

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital12121212121212121215171717
Reserves115101847564434650366790141157
Borrowings +26283324262111201811284089
Other Liabilities +202027211916161214112742199
Total Liabilities17416215713312193859580104161240461
Fixed Assets +58535055544333322524242534
CWIP1010100000003270
Investments0000000000000
Other Assets +107999778685053635578135208427
Total Assets17416215713312193859580104161240461

Financials of Kernex Microsystems (India)

Cash Flows

Operating, investing and financing cash movement

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +-1-6-4-263-23-113-5-36-7115
Cash from Investing Activity +-11030-02625-12-7-1-5-9
Cash from Financing Activity +7-23-4-2-2-6-1045645
Net Cash Flow5-8-00117-10-119-1111
Free Cash Flow-3-6-44361231-37-766
CFO/OP-78%83%40%122%-26%176%153%86%49%214%311%36%

Financials of Kernex Microsystems (India)

Ratios

Working capital efficiency and return ratios

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days7111,0431,6431,23699667431623959609445
Inventory Days1,7792931,9158442669629672,1412,098207
Days Payable9623251,225405201011774346076
Cash Conversion Cycle7111,0432,4601,2051,6861,1145621,0991,3852,0981,731177
Working Capital Days5147488896295052722361642261,2191,161152
ROCE %0%-6%-7%-18%-12%-15%-8%4%-13%-23%-21%24%
30out of 100

Momentum score · price trend

30 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+22.0%75%
Last 6 months+17.0%74%
Last 3 months−30.3%4%

The price is 37.7% below its all-time high of ₹2,549.2 (5 Aug 2026). Stocks more than 20% below their peak have their score halved, so 61 became 30.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Kernex Microsystems (India): 0.4 × 75 + 0.4 × 74 + 0.2 × 4 = 61, halved to 30 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

What Kernex Microsystems (India)'s management said in earlier quarters

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