Kernex Microsystems India Ltd. (IN:KERNEX)
:KERNEX
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Kernex Microsystems India Ltd.
(KERNEX)
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Rating:54Neutral
Price Target:
₹1,073.00
▲(2.88% Upside)
Action:ReiteratedDate:03/17/26
The score is driven primarily by improving financial performance (profitability turnaround, stronger balance sheet, and positive free cash flow), but is held back by weak technicals (broad downtrend with negative MACD) and a demanding valuation (high P/E with no dividend yield data).
Positive Factors
Strong balance sheet
A large equity base and controlled leverage improve resilience to project payment timing and rail capex cycles. This financial headroom supports multi‑phase installation projects, working capital for deployments, and reduces refinancing risk across the next several quarters.
Negative Factors
Narrow market focus (railway concentration)
Dependence on rail signaling and safety contracts concentrates demand exposure to rail capex cycles, regulatory procurement timelines, and government budgets. This narrow end‑market focus can limit addressable market growth and makes revenues sensitive to sector spending shifts.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet
A large equity base and controlled leverage improve resilience to project payment timing and rail capex cycles. This financial headroom supports multi‑phase installation projects, working capital for deployments, and reduces refinancing risk across the next several quarters.
Read all positive factors
Kernex Microsystems India Ltd. (KERNEX) vs. iShares MSCI India ETF (INDA)
Market Cap
₹17.67B
Dividend YieldN/A
Average Volume (3M)18.93K
Price to Earnings (P/E)84.8
Beta (1Y)1.04
Revenue Growth155.87%
EPS GrowthN/A
CountryIN
Employees228
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)3.60
Shares Outstanding16,802,422
10 Day Avg. Volume35,381
30 Day Avg. Volume18,926
Financial Highlights & Ratios
PEG Ratio-0.10
Price to Book (P/B)8.70
Price to Sales (P/S)7.24
P/FCF Ratio131.86
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kernex Microsystems India Ltd. Business Overview & Revenue Model
Company Description
Kernex Microsystems (India) Limited, together with its subsidiaries, engages in conceptualizing, designing, developing, manufacturing, installing, and maintaining of level crossing protection systems and anti-collision systems for the railroad sec...
How the Company Makes Money
null...
Kernex Microsystems India Ltd. Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Jun 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.23B | 1.90B | 195.98M | 40.40M | 66.52M | 183.23M |
| Gross Profit | 911.26M | 749.32M | -13.45M | 12.18M | 30.17M | 142.12M |
| EBITDA | 535.10M | 422.53M | -197.83M | -160.34M | -121.29M | 50.86M |
| Net Income | 538.09M | 502.37M | -264.12M | -198.15M | -171.99M | 20.17M |
Balance Sheet | ||||||
| Total Assets | 4.61B | 2.36B | 1.59B | 1.02B | 775.31M | 922.98M |
| Cash, Cash Equivalents and Short-Term Investments | 357.20M | 150.21M | 39.08M | 152.94M | 67.64M | 51.57M |
| Total Debt | 888.72M | 403.23M | 279.92M | 107.02M | 180.54M | 202.46M |
| Total Liabilities | 2.88B | 791.41M | 525.17M | 196.12M | 292.07M | 295.42M |
| Stockholders Equity | 1.74B | 1.58B | 1.07B | 821.51M | 482.33M | 626.52M |
Cash Flow | ||||||
| Free Cash Flow | -467.20M | 104.14M | -764.44M | -280.78M | -47.71M | 25.80M |
| Operating Cash Flow | -439.94M | 145.46M | -716.30M | -273.87M | -46.14M | 32.75M |
| Investing Cash Flow | -42.28M | -88.44M | -45.92M | -6.27M | 62.92M | 9.83M |
| Financing Cash Flow | 413.10M | 54.12M | 648.37M | 451.46M | 326.00K | -14.56M |
Kernex Microsystems India Ltd. Technical Analysis
Neutral
1043.00
Price Trends
1078.81
Negative
1135.16
Negative
1141.09
Negative
Market Momentum
-29.66
Negative
56.79
Neutral
80.22
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KERNEX, the sentiment is Neutral. The current price of 1043 is above the 20-day moving average (MA) of 963.37, below the 50-day MA of 1078.81, and below the 200-day MA of 1141.09, indicating a neutral trend. The MACD of -29.66 indicates Negative momentum. The RSI at 56.79 is Neutral, neither overbought nor oversold. The STOCH value of 80.22 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:KERNEX.
Kernex Microsystems India Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹17.06B | 21.87 | ― | 0.42% | 21.17% | 27.66% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | ₹13.88B | -349.69 | ― | 0.13% | -7.50% | -79.50% | |
56 Neutral | ₹9.55B | 38.21 | ― | 0.55% | 11.73% | -64.05% | |
54 Neutral | ₹17.67B | 84.78 | ― | ― | 155.87% | ― | |
54 Neutral | ₹18.38B | 74.37 | ― | 1.83% | 77.13% | -39.91% | |
53 Neutral | ₹15.35B | 163.07 | ― | ― | 20.41% | ― |
* Technology Sector Average
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Kernex Microsystems India Ltd. Corporate Events
Kernex Microsystems Closes Trading Window Ahead of FY26 Results
Mar 31, 2026
Kernex Microsystems (India) Ltd. has announced the closure of its trading window for designated persons and their immediate relatives from April 1, 2026, in line with its code of conduct and SEBI’s Prohibition of Insider Trading Regulations,...
Kernex Forms Joint Venture to Develop Advanced Rail Signalling on Kavach Platform
Mar 7, 2026
Kernex Microsystems India Ltd. has entered into a joint venture agreement with Bharat Heavy Engineering Pvt. Ltd. to develop a Moving Block System integrated with Automatic Train Supervision and Automatic Train Operation on the Kavach platform and...
Kernex Microsystems Confirms SEBI Demat Compliance for December 2025 Quarter
Jan 15, 2026
Kernex Microsystems (India) Ltd. has notified the stock exchanges that it has received a confirmation certificate from its registrar and transfer agent, KFin Technologies Ltd., for the quarter ended 31 December 2025, certifying compliance with Reg...
Kernex Wins Rs 2,465 Crore Kavach Contract from Chittaranjan Locomotive Works
Jan 15, 2026
Kernex Microsystems (India) Limited has secured a major domestic contract from Chittaranjan Locomotive Works worth Rs 2,465.71 crore for the supply, installation, testing and commissioning of 3,024 sets of on-board Kavach loco equipment, compliant...
Kernex Says Lapsed CLW KAVACH Order Will Not Hit Financials, Eyes New Rail Tenders
Jan 10, 2026
Kernex Microsystems (India) Ltd. has disclosed that it was unable to complete a 2024 order from Chittaranjan Locomotive Works (CLW) for supply, installation, testing and commissioning of on-board KAVACH equipment for 2,500 locomotives within the s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.