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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Kernex Microsystems (India) Limited is engaged in the manufacture and sale of safety systems and software services for railways. The Company provides a track record in providing professional electronic systems that can operate under stringent/harsh environmental conditions.…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling business, reasonably priced — but flagged on governance.
KERNEX MICROSYS(I) LTD is scored on the general / industrial framework. It keeps a fat 20.4% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -1.13×) — worth a closer look. Free cash flow is worth about -3.8% of its market value.
Book value itself has compounded 45%/yr — the hallmark of a genuine compounder. Return on equity is an elite 35.6%. In the latest quarter profit grew 61% versus the prior quarter.
At 32× earnings, the stock sits at the 27th percentile of its own 1.6-year range — the middle of where it has historically traded. Today's price implies ~5%/yr earnings growth for a decade. The forensic screen raises 2 red flags: Only ₹-2.10 of cash per ₹1 profit over 4 years — earnings not converting to cash; Share count up 22% over 4 years — heavy equity dilution.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 14.96 | 32.58 | better |
| P/B | 11.5 | 4.36 | worse |
| EV/EBITDA | 10.21 | 28.47 | better |
| ROE | 35.6 | 15.58 | better |
| ROCE | 35.39 | 13.19 | better |
| ROA | 20.75 | — | — |
| Quick Ratio | 0.74 | 2.52 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Aditya Infotech | 85.5 | 13.8 | 19.6% |
| Syrma SGS Technology | 61.3 | 9.3 | 13.8% |
| Honeywell Automation | 47.1 | 5.7 | 12.1% |
Revenue has grown every year across all 4 financial years shown. 348% CAGR over 3 years — high-growth territory. Growth is decelerating — latest year grew slower than the year before.
2 of the 4 years shown had a loss — profitability is inconsistent. The latest year saw a +76% swing — check if it's a one-off or structural.
Operating margin has expanded from -128% to 27% — the business is keeping more of each rupee earned. The gap between operating and net margin is widening — interest or tax costs are rising.
ROE at 36% — the business earns well above its cost of equity. ROE powered by fat margins — the hallmark of a high-quality franchise with pricing power. Capital efficiency improving — ROE up 60pp across the window.
76% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
3 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 97% sequentially — momentum is building. Wide quarterly swings (91% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 529% above earlier ones.
Profit jumped 61% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (14% → 22%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 1.6y median.
Promoters hold just 28.7% — widely held; sentiment-driven.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.