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Last Updated on: 20 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Kernex Microsystems (India) Ltd

About the Company - Kernex Microsystems (India) Ltd

Kernex Microsystems (India) Ltd. is a Public Limited Listed company incorporated on 16/09/1991 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L30007TG1991PLC013211 and registration number is 013211. Currently Company is involved in the business activities of Installation of industrial machinery and equipment. Company’s Total Operating Revenue is Rs. 5.36 Cr. and Equity Capital is Rs. 12.50 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Electric Equipment - GeneralPlot No.38 (part) to 41, Hyderabad Telangana 501510acs@kernex.in
http://www.kernex.in
Management
NamePosition Held
Mr. Sreenivasa Rao RavinuthalaChairman & Ind.Director
Mr. Manthena Badari Narayana RajuWhole Time Director
Mr. Sitarama Raju ManthenaWhole Time Director
Dr. Janardhana Reddy VintaDirector
Ms. Sreelakshmi ManthenaDirector
Dr. Anji Raju ManthenaDirector
Mr. Narender KumarDirector
Mr. Koganti Somasekhara RaoIndependent Director
Mr. A V S Krishna MohanIndependent Director

Basic Stock Data of Kernex Microsystems (India) Ltd

Last Updated: May 19, 2024, 12:36 pm

Market Cap 792 Cr.
Current Price 473
High / Low721/244
Stock P/E
Book Value 49.6
Dividend Yield0.00 %
ROCE23.2 %
ROE30.4 %
Face Value 10.0
PEG Ratio0.00

Data Source: screener.in

Kernex Microsystems (India) Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales0.892.9313.971.633.111.070.840.990.422.110.520.961.41
Expenses0.181.4910.924.174.812.854.243.484.176.387.121.464.82
Operating Profit0.711.443.05-2.54-1.70-1.78-3.40-2.49-3.75-4.27-6.60-0.50-3.41
OPM %79.78%49.15%21.83%-155.83%-54.66%-166.36%-404.76%-251.52%-892.86%-202.37%-1,269.23%-52.08%-241.84%
Other Income0.320.180.550.150.201.02-4.090.110.231.95-1.510.470.26
Interest0.400.620.070.551.080.730.930.610.660.81-1.260.210.40
Depreciation0.390.400.390.390.320.450.280.320.360.351.360.620.56
Profit before tax0.240.603.14-3.33-2.90-1.94-8.70-3.31-4.54-3.48-8.21-0.86-4.11
Tax %12.50%-38.33%3.18%-1.50%-3.10%-5.67%-1.15%-0.91%-1.98%-5.17%-2.07%-9.30%-10.46%
Net Profit0.220.833.04-3.39-2.98-2.05-8.79-3.35-4.62-3.66-8.37-0.94-4.53
EPS in Rs0.180.662.43-2.71-2.39-1.64-7.04-2.43-3.33-2.63-5.33-0.57-2.85

Last Updated: May 5, 2024, 5:39 pm

Kernex Microsystems (India) Ltd Quarterly Chart

Kernex Microsystems (India) Ltd Profit & Loss

Last Updated: May 2, 2024, 10:57 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4327281812121381518745
Expenses34222725203325212214162120
Operating Profit952-7-9-21-12-13-74-9-17-15
OPM %22%19%6%-37%-76%-171%-87%-158%-49%21%-142%-416%-296%
Other Income23322251-4181-311
Interest4433642261310
Depreciation1344332222123
Profit before tax71-2-13-16-2-15-2232-17-20-17
Tax %37%76%16%2%2%-115%4%1%-1%2%-2%-2%
Net Profit40-2-13-16-4-15-2132-17-20-18
EPS in Rs3.300.29-1.69-10.11-12.74-3.24-11.78-17.062.741.62-13.76-12.82-11.38
Dividend Payout %30%0%0%0%0%0%0%0%0%0%0%0%

Kernex Microsystems (India) Ltd Profit & Loss Yearly Chart

Kernex Microsystems (India) Ltd Growth

Compounded Sales Growth
10 Years:-17%
5 Years:-21%
3 Years:-35%
TTM:51%
Compounded Profit Growth
10 Years:%
5 Years:-8%
3 Years:-30%
TTM:-19%
Stock Price CAGR
10 Years:26%
5 Years:82%
3 Years:124%
1 Year:74%
Return on Equity
10 Years:-16%
5 Years:-19%
3 Years:-17%
Last Year:-30%

Last Updated: May 13, 2024, 11:11 am

Kernex Microsystems (India) Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital12121212121212121212121515
Reserves115116115101847564434650366761
Borrowings18162628332426211120181121
Other Liabilities191620202721191616121499
Total Liabilities16516117416215713312193859580102107
Fixed Assets28605853505554433332252422
CWIP441010101000000000
Investments0000000000000
Other Assets939110799977868505363557885
Total Assets16516117416215713312193859580102107

Kernex Microsystems (India) Ltd Reserves and Borrowings Chart

Kernex Microsystems (India) Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 84-1-6-4-263-23-113-5-32
Cash from Investing Activity -1-0-11030-02625-12-7-32
Cash from Financing Activity -10-77-23-4-2-2-6-1045
Net Cash Flow-2-35-8-00117-10-11-19

Kernex Microsystems (India) Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days3646287111,0431,6431,236996674316239596827
Inventory Days5991,4081,7792931,9158442669629671,582
Days Payable2677539623251,2254052010117743
Cash Conversion Cycle6961,2827111,0432,4601,2051,6861,1145621,0991,3852,366
Working Capital Days4507597821,1821,7401,3571,2051,1904975671,2172,995
ROCE %7%4%0%-6%-7%-18%-12%-15%-8%4%-13%-23%

Kernex Microsystems (India) Ltd Financial Efficiency Indicators Chart

Kernex Microsystems (India) Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters22.34%22.34%31.04%34.52%31.27%31.27%31.27%31.60%31.60%31.60%29.14%29.14%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.03%0.01%0.01%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%
Government0.00%0.00%0.00%0.00%0.00%0.08%0.08%0.07%0.07%0.07%0.06%0.06%
Public77.66%77.66%68.96%65.48%68.73%68.66%68.65%68.34%68.33%68.30%70.79%70.77%
No. of Shareholders14,02313,35912,76112,51412,22413,02413,09113,09413,79114,66015,00716,240

Kernex Microsystems (India) Ltd Shareholding Pattern Chart

No. of Kernex Microsystems (India) Ltd Shareholders

This stock is not held by any mutual fund

Kernex Microsystems (India) Ltd ROCE Trend

Kernex Microsystems (India) Ltd EPS Trend

Kernex Microsystems (India) Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-14.67-13.771.622.74-17.06
Diluted EPS (Rs.)-14.67-13.771.622.74-17.06
Cash EPS (Rs.)-11.41-12.622.864.13-15.38
Book Value[Excl.RevalReserv]/Share (Rs.)53.0638.6650.2147.1844.48
Book Value[Incl.RevalReserv]/Share (Rs.)53.0638.6650.2147.1844.48
Revenue From Operations / Share (Rs.)2.615.3214.6611.906.51
PBDIT / Share (Rs.)-10.57-6.164.078.76-9.25
PBIT / Share (Rs.)-12.11-7.312.827.38-10.94
PBT / Share (Rs.)-12.64-13.491.662.71-17.26
Net Profit / Share (Rs.)-12.95-13.771.622.74-17.06
NP After MI And SOA / Share (Rs.)-12.82-13.761.622.74-17.06
PBDIT Margin (%)-404.38-115.8127.7573.60-142.18
PBIT Margin (%)-463.47-137.4119.2661.96-168.03
PBT Margin (%)-483.80-253.4811.3122.78-265.18
Net Profit Margin (%)-495.60-258.7611.0223.01-262.16
NP After MI And SOA Margin (%)-490.52-258.5611.0223.01-262.16
Return on Networth / Equity (%)-24.12-35.653.225.80-38.35
Return on Capital Employeed (%)-22.26-18.545.3314.79-24.40
Return On Assets (%)-19.49-22.182.184.34-25.36
Long Term Debt / Equity (X)0.010.000.000.000.00
Total Debt / Equity (X)0.130.370.320.180.36
Asset Turnover Ratio (%)0.040.070.170.170.07
Current Ratio (X)4.161.741.902.101.18
Quick Ratio (X)3.461.491.582.021.09
Inventory Turnover Ratio (X)0.420.351.954.670.94
Interest Coverage Ratio (X)-19.89-2.343.491.88-5.05
Interest Coverage Ratio (Post Tax) (X)-23.37-2.882.391.59-5.86
Enterprise Value (Cr.)358.77186.0485.6512.1241.76
EV / Net Operating Revenue (X)88.8127.974.670.815.13
EV / EBITDA (X)-21.96-24.1516.841.11-3.61
MarketCap / Net Operating Revenue (X)94.2428.164.531.103.53
Price / BV (X)4.633.881.320.270.51
Price / Net Operating Revenue (X)94.2428.164.531.103.53
EarningsYield-0.05-0.090.020.20-0.74

Kernex Microsystems (India) Ltd Profitability Ratios (%)

Kernex Microsystems (India) Ltd Liquidity Ratios

Kernex Microsystems (India) Ltd Liquidity Ratios (%)

Kernex Microsystems (India) Ltd Interest Coverage Ratios (%)

Kernex Microsystems (India) Ltd Valuation Ratios

Fair Value

Fair Value: ₹230.70

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 51.23% compared to the current price ₹473

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 2% for Dividend Yield is used

Intrinsic Value: ₹134.01

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 71.67% compared to the current price ₹473

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 2% for Dividend Yield is used

Last 5 Year EPS CAGR: -41.91%

*Investments are subject to market risks

Strength and Weakness of Kernex Microsystems (India) Ltd Stock

StrengthWeakness
  1. The company has higher reserves (74.85 cr) compared to borrowings (21.00 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of -7.25%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 255.25, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 165.00, which may not be favorable.
  4. The company has not shown consistent growth in sales (16.15) and profit (-8.54).

FAQ

What is the latest fair value of Kernex Microsystems (India) Ltd?

The latest fair value of Kernex Microsystems (India) Ltd is ₹230.70.

What is the Market Cap of Kernex Microsystems (India) Ltd?

The Market Cap of Kernex Microsystems (India) Ltd is 792 Cr..

What is the current Stock Price of Kernex Microsystems (India) Ltd as on 20 May 2024?

The current stock price of Kernex Microsystems (India) Ltd as on 20 May 2024 is 473.

What is the High / Low of Kernex Microsystems (India) Ltd stocks in FY 2024?

In FY 2024, the High / Low of Kernex Microsystems (India) Ltd stocks is ₹721/244.

What is the Stock P/E of Kernex Microsystems (India) Ltd?

The Stock P/E of Kernex Microsystems (India) Ltd is .

What is the Book Value of Kernex Microsystems (India) Ltd?

The Book Value of Kernex Microsystems (India) Ltd is 49.6.

What is the Dividend Yield of Kernex Microsystems (India) Ltd?

The Dividend Yield of Kernex Microsystems (India) Ltd is 0.00 %.

What is the ROCE of Kernex Microsystems (India) Ltd?

The ROCE of Kernex Microsystems (India) Ltd is 23.2 %.

What is the ROE of Kernex Microsystems (India) Ltd?

The ROE of Kernex Microsystems (India) Ltd is 30.4 %.

What is the Face Value of Kernex Microsystems (India) Ltd?

The Face Value of Kernex Microsystems (India) Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Kernex Microsystems (India) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE