KERNEX MICROSYS(I) LTD·KAVACH 57.80ELECTRICAL COMPONENTS 63.47RAILWAYS 47.41·Transport Services Companies

2026-08-21 NSE BSE Web 20%L-ASM-I Result 13 Aug

Price

1,934.5

+5.3%
O:1835
H:1970
L:1811
C:1934.5

52W Range

8502580
+128%/-25%

Market Cap

₹3,250.43 Cr

Traded: ₹91.16 Cr (2.80%) 0.0x

Free Float: ₹1,980.81 Cr (4.60% of FF traded)

Volume · 60D trend

4.77 L 0.0x

Delivery: % 0.0x

View Delivery Data

Returns

1W:+0% 1M:-16% 3M:-3% 6M:+65% 12M:+88%

Valuation

P/E17.0
P/B13.1
P/S3.7
EV/EBIT14.1

Business Strength

ROE37.8%
ROCE23.8%
OPM34.6%
NPM20.5%

Growth (3Y CAGR)

EPS+75.4%
Sales+374.0%
Profit+86.0%
3Y Return+76.0%

Balance Sheet

Debt/Equity0.7
Debt162 Cr
Pledge8.9%
CWIP/Fixed Asset0.0%

Cash Position

CFO/NP-113.6%
FCF-107 Cr
FCF 3Y Avg-177 Cr
Cash/MCap1.0%

Others

Div Yield0.0%
Div Payout0.0%
Cash Conv. Cycle117 days
Tradeable Free Float60.9%

MTF Exposure Trend

60 sessions · funded amount, % of FF, daily delta

Current
₹ 103.57 Cr
5.23% FF
60d high
₹ 126.06 Cr
60d low
₹ 40.10 Cr
60d mean
₹ 70.19 Cr
vs mean
▲ 47.56%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
Sales
+44.0%
+88.0%
+374.0%
--
+305.0%
Stable
ROE
+1.0%
+14.0%
+26.0%
--
--
Accelerating
Return
+51.0%
+98.0%
+76.0%
+93.0%
--
Stable
Profit
+22.0%
+116.0%
+86.0%
--
+253.0%
Stable

Quarterly Results

Jun 2026

13 Aug
Rev
504 Cr
+800% YoY+98% QoQ
OPM32.0%
NPM21.8%
PAT
--110 Cr
EPS
+1369% YoY65.4

Mar 2026

29 May
Rev
255 Cr
+207% YoY+249% QoQ
OPM41.0%
NPM26.7%
PAT
+109% YoY68 Cr
EPS
+109% YoY40.6

Dec 2025

12 Feb
Rev
73 Cr
+97% YoY+55% QoQ
OPM23.0%
NPM8.2%
PAT
-16% YoY6 Cr
EPS
-16% YoY3.6

Sep 2025

PDF
Rev
47 Cr
+15% YoY-16% QoQ
OPM30.0%
NPM14.9%
PAT
-4% YoY7 Cr
EPS
-4% YoY3.9

Jun 2025

PDF
Rev
56 Cr
+93% YoY-33% QoQ
OPM22.0%
NPM12.5%
PAT
+106% YoY7 Cr
EPS
+106% YoY4.5

Mar 2025

PDF
Rev
83 Cr
+822% YoY+124% QoQ
OPM21.0%
NPM39.8%
PAT
+358% YoY33 Cr
EPS
+358% YoY19.4

Dec 2024

PDF
Rev
37 Cr
+363% YoY-10% QoQ
OPM23.0%
NPM18.9%
PAT
+184% YoY7 Cr
EPS
+184% YoY4.3

Sep 2024

PDF
Rev
41 Cr
+4000% YoY+41% QoQ
OPM25.0%
NPM17.1%
PAT
+255% YoY7 Cr
EPS
+244% YoY4.1

Jun 2024

PDF
Rev
29 Cr
+2800% YoY+222% QoQ
OPM17.0%
NPM13.8%
PAT
+511% YoY4 Cr
EPS
+479% YoY2.2

Mar 2024

PDF
Rev
9 Cr
+800% YoY+13% QoQ
OPM-139.0%
NPM-144.4%
PAT
-53% YoY-13 Cr
EPS
-41% YoY-7.5

Dec 2023

PDF
Rev
8 Cr
+279% YoY+700% QoQ
OPM-54.0%
NPM-112.5%
PAT
-134% YoY-9 Cr
EPS
-93% YoY-5.1

Sep 2023

PDF
Rev
1 Cr
+138% YoY+0% QoQ
OPM-242.0%
NPM-500.0%
PAT
+4% YoY-5 Cr
EPS
+14% YoY-2.9

Jun 2023

PDF
Rev
1 Cr
--+0% QoQ
OPM-52.0%
NPM-100.0%
PAT
+74% YoY-1 Cr
EPS
---0.6

Mar 2023

PDF
Rev
1 Cr
---53% QoQ
OPM-1269.0%
NPM-800.0%
PAT
-86% YoY-8 Cr
EPS
---5.3

Dec 2022

Rev
2 Cr
--+402% QoQ
OPM-202.4%
NPM-173.5%
PAT
-77% YoY-4 Cr
EPS
---2.6

Sep 2022

Rev
0 Cr
----
OPM-892.9%
NPM-1100.0%
PAT
-54% YoY-5 Cr
EPS
---3.3

Revenue & Margin Trends

Annual

Quarterly

Balance Sheet Health

Leverage

Debt / Equity0.65
Interest Coverage-3.2x
Promoter Pledge8.9%
Borrowings162 Cr

Efficiency

Receivable Days268 days
Inventory Days787 days
Payable Days938 days
Cash Conversion cycle117 days

Cash Position

Operating Cash Flow-100 Cr
Investing Cash Flow-8 Cr
Financing Cash Flow94 Cr
Free Cash Flow-107 Cr

Detailed Financials

Jun 2026PDF ↗
Mar 2026PDF ↗
Dec 2025PDF ↗
Sep 2025PDF ↗
Jun 2025PDF ↗
Mar 2025PDF ↗
Dec 2024PDF ↗
Sep 2024PDF ↗
Jun 2024PDF ↗
Mar 2024PDF ↗
Dec 2023PDF ↗
Sep 2023PDF ↗
Jun 2023PDF ↗
Mar 2023PDF ↗
Dec 2022
Sep 2022
Sales504255734756833741299811120
Expenses34114956334366283124211351764
Operating Profit163105171413179105-12-4-30-7-4-4
OPM %32.0%41.0%23.0%30.0%22.0%21.0%23.0%25.0%17.0%-139.0%-54.0%-242.0%-52.0%-1269.0%-202.4%-892.9%
Other Income0100010000000-220
Interest131295321311100-111
Depreciation2221111111311100
Profit Before Tax14892691015773-13-9-4-1-8-3-5
Tax %26.0%26.0%3.0%28.0%22.0%-114.0%-1.0%0.0%-4.0%-5.0%1.0%10.0%9.0%2.0%5.2%2.0%
Net Profit1106867733774-13-9-5-1-8-4-5
Exceptional Items--------------------------------
EPS (Rs)65.440.63.63.94.519.44.34.12.2-7.5-5.1-2.9-0.6-5.3-2.6-3.3
Sales Growth (YoY)800.0%207.2%97.3%14.6%93.1%822.2%362.5%4000.0%2800.0%800.0%279.1%138.1%--------
Sales Growth (QoQ)97.7%249.3%55.3%-16.1%-32.5%124.3%-9.8%41.4%222.2%12.5%700.0%0.0%0.0%-52.6%402.4%--
OP Growth (YoY)1153.8%517.6%88.9%40.0%160.0%241.7%325.0%433.3%---71.4%6.3%20.0%--------
OP Growth (QoQ)55.2%517.6%21.4%7.7%-23.5%88.9%-10.0%100.0%141.7%-200.0%-33.3%--100.0%-63.9%-13.9%--
Profit Growth (YoY)--109.0%-16.0%-4.0%106.0%358.0%184.0%255.0%511.0%-53.0%-134.0%4.0%74.0%-86.0%-77.1%-53.9%
EPS Growth (YoY)1369.0%108.9%-16.1%-4.2%106.0%358.3%184.4%243.5%478.9%-41.3%-92.8%14.4%--------
EPS Growth (QoQ)60.9%1031.8%-8.4%-11.9%-77.1%354.4%4.7%89.3%128.7%-48.5%-77.9%-400.0%89.3%-102.7%21.0%--
OP Margin32.3%41.2%23.3%29.8%23.2%20.5%24.3%24.4%17.2%-133.3%-50.0%-300.0%0.0%-700.0%-202.4%-892.9%
Net Margin21.8%26.7%8.2%14.9%12.5%39.8%18.9%17.1%13.8%-144.4%-112.5%-500.0%-100.0%-800.0%-173.5%-1100.0%
Material Cost %--39.6%34.9%38.9%49.6%57.1%40.4%50.4%54.1%-314.1%52.6%-100.0%-399.0%-211.5%130.3%95.2%
Employee Cost %--3.7%12.4%15.7%11.8%7.8%13.9%9.2%12.5%40.7%36.9%192.9%255.2%482.7%99.5%454.8%
P/S3.7014.1010.978.10------------------------
P/E17.0469.1053.8033.58------------------------
P/B13.1120.9616.3210.38------------------------

Shareholding Pattern

Shareholders:41.8K (+219.3%)
Current MixJun 2026

Exchange Filings

50
Company Update20 Aug 2026

We wish to inform you that the company has received an order from Integral Coach Factory, Chennai for an amount of Rs.31.87 crores for the supply, installation and commissioning of On-board ....

Company Update17 Aug 2026

Updates on Company''s Operations

Result13 Aug 2026

Results for the quarter ended 30 June 2026

Company Update13 Aug 2026

As per Attached

Board Meeting07 Aug 2026

Kernex Microsystems India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve Un-Audited Standalone ....

AGM/EGM31 Jul 2026

Please find the attached voting results and scrutinizer''s report

AGM/EGM31 Jul 2026

Please find the attached voting results

Company Update14 Jul 2026

Compliance Certificate under Regulation 74 (5) of SEBI (DP) Regulations, 2018 for the quarter ended on 30.06.2026

Company Update14 Jul 2026

We wish to inform you that the Company has received LOA from Integral Coach Factory for an amount of Rs. 100.53 crores (incl. GST) for Supply, Installation, Interfacing with Electrics of ....

Company Update06 Jul 2026

We wish to inform you that the Company has granted listing and trading approval for 1,200 shares allotted under KMIL ESOS -2023

Company Update02 Jul 2026

Successful Commissioning of Kernex-Built Kavach System on Tundla-Panki Dham Section of North Central Railways

Insider Trading / SAST30 Jun 2026

Closure of Trading window

Company Update30 Jun 2026

Newspaper advertisement regarding postal ballot and e-voting notice

AGM/EGM29 Jun 2026

Notice of Postal Ballot

Company Update17 Jun 2026

Allotment of Equity Shares pursuant to exercise of options under KMIL ESOS - 2023

Company Update29 May 2026

Change in designation of Mr. E B Rao to President of Diversification and New business opportunities

Company Update29 May 2026

1. Appointment of Mrs. Parvathi Manthena as an Additional Director 2. Re-Appointment of M/s. Thirupathi & Associates as an internal auditors of the Company 3. Re-appointment of M/s. ....

Result29 May 2026

Results for the FY 31st March 2026

Company Update28 May 2026

The Company has received LOI from Jindal Steel Limited for an amount of Rs. 15.90 Crores (Excl. GST) for supply of Torpedo & Loco Tracking System

Company Update27 May 2026

The Company was awarded order from CLW for a value of Rs. 475.21 crores for supply, installation, testing and commissioning of on Board KAVACH Loco Equipment

Board Meeting22 May 2026

Kernex Microsystems India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2026 ,inter alia, to consider and approve Audited Standalone ....

Company Update13 Apr 2026

The company was awarded order from PCMM Office, Patiala for a value of Rs.67.53 crores for supply, installation, testing and commissioning of on baord KAVACH Loco Equipment

Company Update10 Apr 2026

Compliance Certificate under Reg. 74 of SEBI (DP) Regulation

Company Update03 Apr 2026

The company was awarded an order from Banaras Locomotive Works for a value of Rs.91.12 crores for supply installation and testing and commissioning of on board Kavach Loco Equipment

Insider Trading / SAST31 Mar 2026

Closure of Trading Window

Company Update07 Mar 2026

Company has entered a Joint Venture Agreement with Bharat Heavy Engineering Private Limited

Result12 Feb 2026

Un-audited financial results for the quarter and nine months ended on 31.12.2025

Company Update11 Feb 2026

The company has received an order from Banaras Locomotive Works for an amount of Rs.411.17 Crores for supply, installation, testing and commissioning of 505 nos of On-board KAVACH as per ....

Board Meeting09 Feb 2026

Kernex Microsystems India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/02/2026 ,inter alia, to consider and approve Intimation under ....

Company Update02 Feb 2026

Listing and Trading approval for 43,000 equity shares issued and allotted under KMIL ESOS 2023

Company Update15 Jan 2026

We are pleased to inform you that CLW has awarded an order valued at Rs. 2,465.71 crores to the Company for the supply, installation, testing and commissioning of 3,024 sets of On-Board ....

Company Update15 Jan 2026

Compliance Certificate under Reg. 74 of SEBI (DP) Regulations, 2018

Company Update10 Jan 2026

Update on CLW Order

Insider Trading / SAST31 Dec 2025

Closure of Trading Window

Company Update16 Dec 2025

Allotment of equity shares pursuant to exercise of options under KMIL ESOS-2023

Result13 Nov 2025

Un-Audited financial results for the quarter and half year ended 30th September 2025

Board Meeting10 Nov 2025

Kernex Microsystems India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/11/2025 ,inter alia, to consider and approve This is to inform ....

Company Update03 Nov 2025

Our Company has received a rating letter from Care Ratings Limited.

Company Update20 Oct 2025

Compliance Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018

Company Update15 Oct 2025

Please find the attached clarification letter on volume movement

Company Update15 Oct 2025

The Exchange has sought clarification from Kernex Microsystems India Ltd on October 15, 2025, with reference to Movement in Volume.<BR><BR>The reply is awaited.

BSE
Company Update14 Oct 2025

Intimation of approval received from RDSO for version 4.0 of the Kavach System

Insider Trading / SAST30 Sept 2025

Intimation of closure of trading window

Company Update30 Sept 2025

The shareholders of the Company at their 33rd Annual General Meeting held on 29.09.2025 approved i. the appointment of Mr. D S Rao, Practicing Company Secretary as Secretarial Auditor of ....

AGM/EGM29 Sept 2025

Proceedings of 33rd Annual General Meeting

Company Update27 Sept 2025

We hereby inform you that Board of Directors of the Company had approved the Appointment of Mr. Ganesh Kumar Dwivedy as President of Kavach Operations and Related Projects

Company Update18 Sept 2025

The company has entered a joint venture agreement with M/s. Venkat Rami Reddy Constructions

Company Update06 Sept 2025

News paper publication

Corp. Action05 Sept 2025

Book Closure for the purpose of 33rd Annual General Meeting

Others05 Sept 2025

Please find the attached 33rd Annual Report for the FY 2024-25

Annual Reports

14

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

Credit Ratings

6
careRating update
04 Nov 2025Report
crisilRating update
27 Apr 2022Report
crisilRating update
05 Feb 2021Report
crisilRating update
22 Jan 2021Report
crisilRating update
28 Feb 2020Report
crisilRating update
19 Feb 2020Report

Concalls

2

Mar 2025

31 Mar 2025

Feb 2024

29 Feb 2024