Kernex Microsystems (India) share price & results
- Jun 2026
- Sept 2026
Hyderabad firm designing and manufacturing Kavach, India's indigenous train-collision-avoidance system.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 502 | +847.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 32.0 | +9.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 110 | +1471.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 94.09 | +5.6 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -26.65 | −32.4 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 305.07 | −273.7 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance +33.8% 1Y
1Y: ₹1,207.9 on 24 Oct 2025 → ₹1,615.7. High ₹2,549.2 (5 Aug 2026), low ₹857 (30 Mar 2026).
- Previous close
- ₹1,577.3
- Market cap
- ₹2.6k Cr
- 52-week range
- ₹857 – ₹2,549.2
- One year
- +29.53%
- Price to earnings (TTM to Jun 2026)
- 13.87×
- Return on equity (TTM to Jun 2026)
- 94.09%
Overview
- Symbol
- NSE:KERNEX
- Sector
- Services
- Exchange
- NSE
- Currency
- INR
What Kernex Microsystems (India) Limited does
Based on the company's own presentations, annual report and earnings calls.
Kernex Microsystems designs, manufactures and executes turnkey railway-safety systems, most notably Kavach, India's indigenous Train Collision Avoidance System (TCAS) that evolved over a 14-year journey from earlier Anti-Collision Device technology. It is one of only three OEMs qualified by RDSO and Indian Railways to supply Kavach, manufactures the system along with automatic level-crossing gates at its Hyderabad facility, and also undertakes supply, installation, testing and commissioning of these systems across multiple Indian Railway zones. The company additionally works in telecom and defence electronics and provides embedded systems/IoT product design and development services. Incorporated in 1991 and listed on the NSE and BSE since 2005, it operates from a 10-acre campus near Hyderabad's Shamshabad airport equipped with in-house environmental, verification-and-validation and factory-acceptance test laboratories.
Segments
- Railway Safety Systems
- Telecom & Defence
- Embedded & IoT Products
- Workforce
- 350 employees across R&D, hardware/software/firmware design, engineering, production, QC & testing, and project execution/O&M
- Kavach production capacity
- 450 units/month
- Level-crossing gate production capacity
- 10 units/month, scalable up to 25/month
- Campus size
- 10-acre campus with ~265,000 sq ft of built-up infrastructure in Hyderabad, 7 km from Shamshabad Airport
- In-house test infrastructure
- Environmental test labs (burn-in chambers, thermal cycling, vibration/bump testing), dedicated Verification & Validation labs, Factory Acceptance Testing units, and a Loco Brake Interface test lab
- OEM qualification
- One of only 3 OEMs qualified by RDSO/Indian Railways in the last 8 years to supply Kavach
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +1471% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 41 | 37 | 83 | 53 | 45 | 72 | 255 | 502 |
| Expenses | 31 | 28 | 66 | 41 | 35 | 56 | 153 | 339 |
| Operating profit | 10 | 8 | 17 | 12 | 10 | 17 | 101 | 163 |
| Operating margin | 25.0% | 23.0% | 20.0% | 23.0% | 22.0% | 23.0% | 40.0% | 32.0% |
| Other income | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 0 |
| Interest | 3 | 1 | 2 | 3 | 5 | 9 | 12 | 13 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | 7 | 7 | 15 | 10 | 5 | 6 | 88 | 148 |
| Tax rate | 0.0% | −1.0% | −114.0% | 23.0% | 51.0% | 3.0% | 27.0% | 26.0% |
| Net profit | 7 | 7 | 33 | 7 | 2 | 6 | 65 | 110 |
| EPS (₹ per share) | 4.33 | 4.26 | 19.40 | 4.40 | 1.49 | 3.68 | 38.42 | 65.21 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 5 | 20 | 190 | 425 |
| Expenses | 21 | 38 | 149 | 285 |
| Operating profit | -18 | -18 | 40 | 140 |
| Other income | 0 | 2 | 1 | 3 |
| Interest | 1 | 1 | 7 | 29 |
| Depreciation | 2 | 4 | 4 | 6 |
| Profit before tax | -19 | -20 | 33 | 109 |
| Net profit | -20 | -21 | 51 | 80 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 12 | 15 | 17 | 17 | 17 | 17 |
| Reserves | 46 | 77 | 105 | 157 | 157 | 240 |
| Borrowings | 12 | 9 | 24 | 40 | 89 | 162 |
| Other liabilities | 14 | 13 | 29 | 32 | 199 | 507 |
| Total liabilities | 85 | 114 | 175 | 245 | 461 | 925 |
| Fixed assets | 25 | 24 | 24 | 25 | 34 | 34 |
| Capital work in progress | 0 | 0 | 2 | 7 | 0 | 0 |
| Investments | 8 | 13 | 13 | 13 | 0 | 9 |
| Other assets | 51 | 77 | 136 | 200 | 427 | 882 |
| Total assets | 85 | 114 | 175 | 245 | 461 | 925 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 1 | -5 | -34 | -69 | 11 | -101 |
| Cash from investing | -9 | -6 | -5 | -5 | -9 | -8 |
| Cash from financing | -1 | 1 | 48 | 63 | 9 | 94 |
| Net cash flow | -9 | -10 | 9 | -11 | 11 | -14 |
| Free cash flow | 1 | 0 | -35 | -74 | 7 | -116 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 300 | 775 | 0 | 101 | 37 | 271 |
| Inventory days | 978 | 1026 | 4282 | 2151 | 191 | 803 |
| Days payable | 307 | 337 | 823 | 574 | 58 | 957 |
| Cash conversion cycle | 971 | 1463 | 3458 | 1678 | 170 | 117 |
| Working capital days | 199 | 467 | 2137 | 1182 | 128 | 152 |
| Return on capital employed | 1.0% | −13.0% | −20.0% | −14.0% | 22.0% | 44.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Public hold 69.96% as of Sept 2026; institutions cut 1.29 pts since Jun 2026.
- Promoters 28.73%
- Foreign institutions 1.19%
- Domestic institutions 0.05%
- Government 0.06%
- Public 69.96%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 0.66% held
- +0.33 pp 2.16% held
The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Kernex Microsystems (India) Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 14.80% | unchanged | |
| 4.24% | unchanged | |
| 3.81% | unchanged | |
| 3.61% | unchanged | |
| 2.33% | unchanged | |
| 2.16% | +0.33 pp | |
| 1.95% | unchanged | |
| 1.60% | unchanged | |
| 0.66% | newly disclosed | |
| 0.01% | unchanged | |
| — | off the list | |
| — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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