Kernex Microsystems (India) Ltd.

BSE: KERNEX532686ISIN INE202H01019

Services
Transport Related Services
BSE Services

Share price

₹1,696.05+113.95 (+7.20%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹2,585.85
52W low: ₹850.60
Off 52W high: -34.41%
1M return: +2.17%
3M return: -33.66%
6M return: +24.33%
1Y return: +33.21%
20D avg volume: 7,523
50 DMA: ₹1,714.22
200 DMA: ₹1,592.71

Key ratios Consolidated

Market cap: ₹2,850 Cr
Current price: ₹1,696.05
52W high / low: ₹2,585.85 / ₹850.60
Face value: ₹10.00
P/E: 14.95
P/B: 11.49
EPS (TTM): ₹113.47
Book value / share: ₹147.67
ROE: —
ROCE: 54.40%
Operating margin: —
Net margin: —
Debt / equity: 0.66
Net debt: ₹160.65 Cr
Interest cover: 5.16
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 207.8 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	503.58	254.58	72.60	47.12	55.93	83.07	36.81	41.22	28.68	8.91	8.31	1.41
	0.49	0.92	0.48	0.49	0.36	0.62	0.33	0.26	0.24	0.08	0.50	0.26
	504.07	255.50	73.07	47.60	56.29	83.69	37.14	41.48	28.91	8.99	8.81	1.67
	355.93	163.38	66.81	38.50	46.74	68.49	30.07	34.68	25.48	22.31	17.32	5.77
	268.03	115.83	179.85	68.76	30.33	27.49	21.59	28.34	16.83	14.41	24.40	5.58
	0.00	0.00	0.00	0.00	0.00	0.00	—	7.58	—	—	—	—
	13.93	9.44	9.03	7.39	6.59	6.52	5.13	3.81	3.59	3.63	3.07	2.72
	13.23	11.79	9.12	4.69	2.55	1.61	1.22	3.06	1.03	0.52	1.25	0.40
	1.94	2.13	1.88	0.97	0.84	0.93	0.62	0.65	0.63	0.53	3.26	0.56
	80.15	39.18	21.47	7.14	9.03	11.98	1.31	—	1.82	4.98	2.49	3.52
	148.14	92.12	6.27	9.10	9.55	15.20	7.07	6.80	3.43	-13.32	-8.51	-4.11
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	148.14	92.12	6.27	9.10	9.55	15.20	7.07	6.80	3.43	-13.32	-8.51	-4.11
	38.29	23.87	0.21	2.58	2.14	-17.33	0.06	0.01	0.14	0.65	0.05	0.43
	109.85	68.25	6.06	6.52	7.41	32.53	7.13	6.82	3.57	-12.67	-8.56	-4.54
	65.37	40.69	3.61	3.87	4.45	19.44	4.29	4.09	2.16	-7.53	-5.44	-2.76
Key metrics
	163.31	106.04	17.27	14.76	12.94	17.74	8.91	10.51	5.09	-12.27	-4.00	-3.15
	32.40%	41.70%	23.80%	31.30%	23.10%	21.40%	24.20%	25.50%	17.70%	-137.70%	-48.10%	-223.40%
	21.80%	26.80%	8.30%	13.80%	13.20%	39.20%	19.40%	16.50%	12.40%	-142.20%	-103.00%	-322.00%
	—	39.00%	—	7.70%	—	10.40%	—	—	—	—	—	—
	800.40%	206.50%	97.20%	14.30%	95.00%	832.30%	343.00%	2,823.40%	—	—	—	—
	1,382.50%	109.80%	-15.00%	-4.40%	107.60%	356.70%	183.30%	250.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	877.88	430.22	189.77	19.60	4.04	6.65
	2.38	2.25	1.45	1.31	0.78	1.73
	880.24	432.47	191.22	20.90	4.82	8.38
	624.62	315.43	158.72	47.70	24.37	20.82
	632.47	394.76	94.25	50.45	4.15	2.79
	0.00	0.00	0.00	—	—	—
	39.79	32.44	19.05	12.53	7.98	6.26
	38.83	28.15	6.92	2.38	0.82	3.29
	6.92	5.82	2.83	4.97	2.39	1.44
	147.94	76.82	31.33	11.83	10.36	6.19
	255.63	117.04	32.51	-26.80	-19.54	-12.44
	0.00	0.00	0.00	0.00	0.00	-4.43
	255.63	117.04	32.51	-26.80	-19.54	-16.86
	64.95	28.80	-17.54	0.09	0.48	0.35
	190.68	88.24	50.05	-26.71	-20.02	-17.21
	113.54	52.71	29.97	-16.61	-14.67	-13.77
Key metrics
	301.38	151.01	42.26	-19.45	-16.33	-12.13
	34.33%	35.10%	22.30%	-99.20%	-404.20%	-182.40%
	21.72%	20.50%	26.40%	-136.30%	-495.50%	-258.80%
	—	54.40%	24.30%	—	—	—
	304.50%	126.70%	868.20%	385.10%	-39.20%	—
	253.83%	76.30%	287.40%	-33.40%	-16.30%	—
	—	-114.34	10.42	—	—	—
	—	-1.13	0.29	—	—	—
	—	0.66	0.26	—	—	—
	—	160.65	25.30	—	—	—
	—	207.8	107.2	—	—	—
Balance sheet
	—	919.14	236.45	—	—	—
	—	856.62	184.52	—	—	—
	—	1.46	15.02	—	—	—
	—	316.26	23.65	—	—	—
	—	371.32	52.58	—	—	—
	—	134.05	60.58	—	—	—
	—	27.18	24.99	—	—	—
	—	442.56	20.50	—	—	—
	—	652.42	74.43	—	—	—
	—	162.11	40.32	—	—	—
	—	161.72	39.84	—	—	—
	—	0.39	0.48	—	—	—
	—	247.42	157.31	—	—	—
Cash flow
	—	-99.74	14.55	—	—	—
	—	-7.57	-8.84	—	—	—
	—	93.75	5.41	—	—	—
	—	14.60	4.13	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	502.03	254.58	72.49	45.35	53.40	83.02	36.80	41.16	28.68	8.94	8.57	0.82
	0.48	0.92	0.47	0.76	0.62	0.74	0.50	0.48	0.46	0.28	0.68	0.42
	502.51	255.50	72.96	46.10	54.02	83.75	37.30	41.65	29.13	9.22	9.25	1.24
	354.65	167.07	66.56	41.02	44.51	68.57	30.22	34.41	25.25	21.64	12.70	5.07
	266.81	115.86	179.82	67.36	28.31	27.75	21.19	28.74	16.82	14.90	23.30	5.54
	0.00	0.00	0.00	0.00	0.00	0.00	—	7.58	—	—	—	—
	13.93	9.44	9.02	7.38	6.50	6.36	4.97	3.62	3.47	3.51	2.98	2.57
	13.22	11.78	9.12	4.68	2.55	1.58	1.21	3.00	0.98	0.47	1.22	0.35
	1.94	2.13	1.88	0.97	0.84	0.93	0.62	0.65	0.63	0.53	0.63	0.56
	80.09	42.85	21.24	11.05	8.91	11.98	0.53	—	1.77	5.05	0.83	3.05
	147.86	88.43	6.40	5.09	9.51	15.18	7.08	7.23	3.88	-12.42	-3.45	-3.83
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	147.86	88.43	6.40	5.09	9.51	15.18	7.08	7.23	3.88	-12.42	-3.45	-3.83
	38.29	23.87	0.21	2.58	2.14	17.33	0.06	0.01	0.14	0.65	0.05	0.43
	109.57	64.56	6.19	2.50	7.37	32.51	7.14	7.25	4.02	-11.78	-3.50	-4.26
	65.21	38.49	3.70	1.49	4.39	19.40	4.26	4.32	2.40	-7.03	-2.24	-2.76
Key metrics
	163.02	102.34	17.40	10.74	12.90	17.69	8.91	10.88	5.49	-11.42	-1.60	-2.92
	32.50%	40.20%	24.00%	23.70%	24.20%	21.30%	24.20%	26.40%	19.10%	-127.70%	-18.70%	-356.10%
	21.80%	25.40%	8.50%	5.50%	13.80%	39.20%	19.40%	17.60%	14.00%	-131.80%	-40.80%	-519.50%
	—	36.40%	—	5.10%	—	9.40%	—	—	—	—	—	—
	840.10%	206.60%	97.00%	10.20%	86.20%	828.60%	329.40%	4,919.50%	—	—	—	—
	1,386.70%	98.60%	-13.30%	-65.50%	83.30%	376.00%	304.00%	270.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	874.45	425.81	189.65	19.30	2.00	5.36
	2.63	2.77	2.18	2.02	1.31	1.80
	877.07	428.58	191.83	21.32	3.31	7.16
	629.30	319.15	158.46	41.81	22.69	18.96
	629.85	391.35	94.50	50.13	2.54	2.58
	0.00	0.00	0.00	—	—	—
	39.77	32.35	18.42	12.05	7.50	5.78
	38.80	28.14	6.77	2.24	1.98	2.40
	6.92	5.82	2.83	2.34	2.39	1.44
	155.23	84.05	31.59	10.21	9.62	5.92
	247.78	109.42	33.37	-20.49	-19.38	-11.80
	0.00	0.00	0.00	—	—	-4.43
	247.78	109.42	33.37	-20.49	-19.38	-16.22
	64.95	28.80	17.54	0.09	0.48	0.35
	182.82	80.63	50.92	-20.41	-19.86	-16.57
	108.89	48.07	30.38	-12.83	-14.67	-13.26
Key metrics
	293.50	143.38	42.97	-15.91	-15.01	-12.38
	33.56%	33.70%	22.70%	-82.40%	-750.50%	-231.00%
	20.91%	18.90%	26.80%	-105.80%	-993.00%	-309.10%
	—	49.90%	22.50%	—	—	—
	307.90%	124.50%	882.60%	865.00%	-62.70%	—
	236.87%	58.30%	349.50%	-2.80%	-19.90%	—
	—	-115.50	6.67	—	—	—
	—	-1.25	0.21	—	—	—
	—	0.63	0.23	—	—	—
	—	161.71	25.21	—	—	—
	—	209.9	106.2	—	—	—
Balance sheet
	—	925.40	245.22	—	—	—
	—	853.32	176.70	—	—	—
	—	0.21	14.70	—	—	—
	—	315.98	19.01	—	—	—
	—	371.32	51.80	—	—	—
	—	132.56	58.78	—	—	—
	—	27.18	24.99	—	—	—
	—	442.52	15.64	—	—	—
	—	650.00	66.94	—	—	—
	—	161.92	39.91	—	—	—
	—	161.72	39.63	—	—	—
	—	0.20	0.28	—	—	—
	—	256.31	173.77	—	—	—
Cash flow
	—	-100.90	10.80	—	—	—
	—	-7.58	-8.84	—	—	—
	—	93.98	8.89	—	—	—
	—	14.60	4.13	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +497.12%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +307.90%
Profit YoY (TTM): +236.87%

Consolidated

Sales CAGR 3Y: +373.99%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +304.50%
Profit YoY (TTM): +253.83%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 28.73%

Quarter	September 2026	June 2026
Promoter %	28.73%	28.73%

Holder	Type	Holding	Previous	Change
ANJI RAJU MANTHENA	Promoter	14.80%	14.80%	0.00%
SITARAMA RAJU MANTHENA	Promoter Group	4.24%	4.24%	0.00%
SREELAKSHMI MANTHENA	Promoter Group	3.81%	3.81%	0.00%
SRINIVASA RAJU MANTHENA	Promoter Group	3.61%	3.61%	0.00%
MRT SIGNALS LIMITED	Public	2.33%	2.33%	0.00%
PENANG ENTERPRISES PRIVATE LIMITED	Public	2.16%	1.83%	+0.33%
JANARDHANA REDDY VINTA	Public	1.95%	1.95%	0.00%
MANTHENA PARVATHI	Promoter Group	1.60%	1.60%	0.00%
MADHAV MANTENA	Promoter Group	0.66%	—	—
RAJU N MANTENA	Promoter	0.01%	0.01%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
BlackBuck Limited	9,769	536.05	53.97	11.70%	+50.17% TTM	-38.65% TTM	-18.23%
Kernex Microsystems (India) Ltd.	2,850	1,696.05	14.95	54.40%	+304.50% TTM	+253.83% TTM	+33.21%
Acme India Industries Limited	395	168.15	16.20 FY25	44.06% Q4 FY25	+25.58% FY25	+48.00% FY25	—

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

We hereby inform to the stakeholders that our company has received revised rating from CARE Ratings Limited. Details are enclosed13 Oct 2026 · Company Update / Credit Rating
Compliance Certificate12 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
please find enclosed herewith the Revised 34th Annual Report for the Financial Year 2025-26, seamlessly incorporating the Addendum to the Boards'' Report2 Oct 2026 · Others / Reg. 34 (1) Annual Report
Voting Results along with Scrutiniser''s Report of the 34th Annual General Meeting of shareholders of the Company held on 30th September 20261 Oct 2026 · AGM/EGM / AGM
Proceedings of 34th Annual General Meeting30 Sep 2026 · AGM/EGM / AGM
Closure of Trading Window25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Addendum to the Boards'' Report for the financial year 2025-2622 Sep 2026 · Company Update / General
Newspaper publication about the 34th Annual General Meeting of the Company9 Sep 2026 · Company Update / Newspaper Publication
Book Closure and Record date for the purpose of 34th AGM8 Sep 2026 · Corp. Action / Book Closure
34th Annual Report8 Sep 2026 · Others / Reg. 34 (1) Annual Report
Notice convening the 34th Annual General Meeting of the Company to be held on 30th September 20268 Sep 2026 · AGM/EGM / AGM
Newspaper Publication8 Sep 2026 · Company Update / General
Intimation of Appointment of Independent Directors and completion of tenure of Independent Director5 Sep 2026 · Company Update / Change in Management
Please find the investor presentation on Business updates and Opportunities4 Sep 2026 · Company Update / Investor Presentation
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 ....20 Aug 2026 · Company Update / Award of Order / Receipt of Order
Updates on Company''s Operations17 Aug 2026 · Company Update / General
As per Attached13 Aug 2026 · Company Update / Change in Management
Results for the quarter ended 30 June 202613 Aug 2026 · Result / Financial Results
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 ....7 Aug 2026 · Board Meeting / Board Meeting
We wish to inform you that the Company has received counter offer from Integral Coach Factory for an amount of Rs. 66.62 Crores (Incl. GST) for Goods, Supply, Installation, Interfacing ....2 Aug 2026 · Company Update / Award of Order / Receipt of Order
Please find the attached voting results31 Jul 2026 · AGM/EGM / Postal Ballot
Please find the attached voting results and scrutinizer''s report31 Jul 2026 · AGM/EGM / Postal Ballot
Compliance Certificate under Regulation 74 (5) of SEBI (DP) Regulations, 2018 for the quarter ended on 30.06.202614 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
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 ....14 Jul 2026 · Company Update / Award of Order / Receipt of Order
We wish to inform you that the Company has granted listing and trading approval for 1,200 shares allotted under KMIL ESOS -20236 Jul 2026 · Company Update / General
Successful Commissioning of Kernex-Built Kavach System on Tundla-Panki Dham Section of North Central Railways2 Jul 2026 · Company Update / General
Closure of Trading window30 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper advertisement regarding postal ballot and e-voting notice30 Jun 2026 · Company Update / General
Notice of Postal Ballot29 Jun 2026 · AGM/EGM / Postal Ballot
Allotment of Equity Shares pursuant to exercise of options under KMIL ESOS - 202317 Jun 2026 · Company Update / Allotment of Equity Shares
Change in designation of Mr. E B Rao to President of Diversification and New business opportunities29 May 2026 · Company Update / Change in Management
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. ....29 May 2026 · Company Update / Change in Management
Results for the FY 31st March 202629 May 2026 · Result / Financial Results
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 System28 May 2026 · Company Update / Award of Order / Receipt of Order
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 Equipment27 May 2026 · Company Update / Award of Order / Receipt of Order
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 ....22 May 2026 · Board Meeting / Board Meeting
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 Equipment13 Apr 2026 · Company Update / Award of Order / Receipt of Order
Compliance Certificate under Reg. 74 of SEBI (DP) Regulation10 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
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 Equipment3 Apr 2026 · Company Update / Award of Order / Receipt of Order
Closure of Trading Window31 Mar 2026 · Insider Trading / SAST / Closure of Trading Window

Board meetings

13 Aug 2026 Board Meeting - Financial Results