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Last Updated on: 22 February, 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.
IT Consulting & SoftwarePlot No.38 (part) to 41, Hyderabad Telangana
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

Kernex Microsystems (India) Ltd. Share Price Update

Share PriceValue
Previous Day₹669.00

Basic Stock Data of Kernex Microsystems (India) Ltd

Market Cap 1,065 Cr.
Current Price 651
High / Low721/215
Stock P/E
Book Value 49.6
Dividend Yield0.00 %
ROCE23.2 %
ROE30.4 %
Face Value 10.0

Data Source:

Kernex Microsystems (India) Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
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-
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

Kernex Microsystems (India) Ltd Quarterly Chart

Kernex Microsystems (India) Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
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
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%
Compounded Profit Growth
10 Years:%
5 Years:-8%
3 Years:-30%
Stock Price CAGR
10 Years:34%
5 Years:97%
3 Years:205%
1 Year:121%
Return on Equity
10 Years:-16%
5 Years:-19%
3 Years:-17%
Last Year:-30%

Kernex Microsystems (India) Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital12121212121212121212121515
Other Liabilities191620202721191616121499
Total Liabilities16516117416215713312193859580102107
Fixed Assets28605853505554433332252422
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

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
No. of Shareholders14,48014,02313,35912,76112,51412,22413,02413,09113,09413,79114,66015,007

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
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-
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-
Long Term Debt / Equity (X)
Total Debt / Equity (X)0.130.370.320.180.36
Asset Turnover Ratio (%)
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

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 of Kernex Microsystems (India) Ltd Stock

Fair Value: ₹230.70

The stock is overvalued by 64.56% compared to the current price ₹651

*Investments are subject to market risks

Strength and Weakness of Kernex Microsystems (India) Ltd Stock

  1. The company has higher reserves (74.85 cr) compared to borrowings (21.00 cr), indicating strong financial stability.
  1. The stock is trading at a high valuation with an average P/B ratio of -4.03 and average Dividend Yield of -137.54%.
  2. The stock has a low average ROCE of -7.25%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 255.25, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 165.00, which may not be favorable.
  5. The company has not shown consistent growth in sales (16.15) and profit (-8.54).

About the Author

Author Avatar

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 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