Kernex Microsys(i) Ltd

NSE: KERNEX · Transport Services · sector

₹1,577.30NSE close 2026-10-26

Key numbers

Market cap₹2,650 cr

Price₹1,577.30

52w high / low₹2,580 / ₹850

P/E13.9xSector median 17.2x

P/B10.7xSector median 8.8x

Book value₹147.7

Dividend yield–Sector median 0.90%

ROE93.9%Sector median 12.7%

ROCE71.8%Sector median 17.7%

OPM34.1%Sector median 16.7%

Debt / equity0.65xSector median 0.14x

EV/EBITDA9.3xSector median 15.8x

Interest cover7.6x

Current ratio1.31x

Sales growth 3y+374.0%Sector median +12.1%

Profit growth 3y–Sector median +94.9%

PEG0.06x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 6 companies in Transport Services (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹27 cr vs borrowings ₹162 cr (FY26): borrowings are higher by ₹135 cr.
Borrowings rose in each of the last 3 years (₹11 cr → ₹162 cr).
Operating profit covered interest 7.6x in the last 12 months.
8.87% of the promoters' shares are pledged (2.5% of all shares).
Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY24, FY23).
Revenue was higher than a year earlier in 4 of the last 4 quarters.
Other income was 1% of net profit in the last 12 months.
Debtor days went from 7 (FY24) to 268 (FY26).
No dividend in the last 5 financial years.
Price ₹1,577.30 on 2026-10-26: -38.9% from the 52-week high, +85.6% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹2,549.20 · low ₹686.00

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	41	37	83	56	47	73	255	504
EBITDA	10	9	17	13	14	17	105	163
OPM %	24.9%	23.3%	20.6%	22.5%	30.3%	23.1%	41.3%	32.3%
Other income	0	0	1	0	0	0	1	0
Net profit	7	7	33	7	7	6	68	110
EPS (₹)	4.09	4.29	19.44	4.45	3.87	3.61	40.69	65.37
Revenue YoY					+14.3%	+97.2%	+206.5%	+800.4%
Profit YoY					-3.5%	-16.4%	+109.5%	+1,372.5%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	7	4	20	190	430	878
EBITDA	-14	-17	-21	41	149	299
Net profit	-9	-20	-27	50	88	191
EPS (₹)	-13.77	-14.67	-16.61	29.97	52.71	113.54
Revenue growth		-39.2%	+385.1%	+868.2%	+126.7%	+304.5%
Profit growth		–	–	–	+74.5%	+252.7%
Dividend / share (₹)	–	–	–	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	+374.0%	+88.0%	+304.5%
Net profit	–	+111.8%	+252.7%
EPS	–	+100.7%	–
Share price	–	+50.2% (2y)	+24.5%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	82	107	158	248
Borrowings	–	11	28	40	162
Cash & equivalents	–	33	19	34	27
Total assets	–	102	159	236	919
Fixed assets	–	24	24	25	27
Capital work in progress	–	0	0	0	0
Investments	–	0	0	0	0
Receivables	–	9	0	24	316
Inventory	–	12	72	53	371
Payables	–	0	16	20	443

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	-5	-27	-72	15	-100
Cash from investing	6	-1	-5	-9	-8
Cash from financing	0	28	65	5	94
Capex	0	1	2	9	15
Free cash flow	-5	-28	-74	6	-114

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	-24.1%	-25.1%	31.8%	35.3%
ROCE %	–	-20.2%	-18.1%	19.9%	35.4%
Debtor days	–	826	7	45	268
Inventory days	–	1,581	2,029	195	787
Payable days	–	43	460	76	938
Cash conversion cycle (days)	–	2,364	1,576	164	117
Working capital days	–	5,009	1,315	212	173

Shareholding

Holder	% (2026-09-30)
Promoters	28.73%
FIIs	1.19%
DIIs	0.05%
Government	0.06%
Public (non-institutions)	69.97%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	29.09%	29.09%	28.97%	28.97%	28.90%	28.85%	28.73%	28.73%

Promoter group	%
Anji Raju Manthena	14.80%
Sitarama Raju Manthena	4.24%
Sreelakshmi Manthena	3.81%
Srinivasa Raju Manthena	3.61%
Manthena Parvathi	1.60%
Madhav Mantena	0.66%
Raju N Mantena	0.01%

Public holders above 1%	%
MRT Signals Limited	2.33%
Penang Enterprises Private Limited	2.16%
Janardhana Reddy Vinta	1.95%

52,768 shareholders. Pledged: 8.87% of promoter shares.

Peers in Transport Services

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
INDIGO	₹1,78,191 cr	–	25.6x	-58.8%	17.7%	9.2%	+16.0%	0.22%
BLACKBUCK	₹9,928 cr	58.9x	7.0x	12.7%	11.7%	24.2%	–	–
KERNEX	₹2,650 cr	13.9x	10.7x	93.9%	71.8%	34.1%	+374.0%	–
TAALTECH	₹1,284 cr	20.6x	5.2x	27.8%	33.0%	30.7%	–	1.57%
SPICEJET	₹1,177 cr	0.7x	–	–	–	-13.5%	-6.7%	–
GLOBALVECT	₹154 cr	–	–	-527.6%	-12.0%	4.7%	+8.2%	–

All 6 companies in Transport Services →

Dividends & corporate actions

Ex-date	Action	Detail
2024-09-23	Other	Annual General Meeting
2023-09-22	Other	Annual General Meeting
2022-09-22	Other	Annual General Meeting
2021-09-21	Other	Annual General Meeting
2020-09-22	Other	Annual General Meeting
2019-09-20	Other	Annual General Meeting
2018-09-19	Other	Annual General Meeting
2017-09-21	Other	Annual General Meeting
2016-09-19	Other	Annual General Meeting
2015-09-16	Other	Annual General Meeting
2014-09-24	Other	Annual General Meeting
2013-09-19	Other	Annual General Meeting
2012-09-20	Dividend	Annual General Meeting And Dividend Re.1/- Per Share
2011-09-19	Dividend	Annual General Meeting And Dividend Re.1/- Per Share
2010-09-16	Other	Annual General Meeting
2009-09-08	Other	Agm/Div-Re.1/- Per Share
2008-09-11	Dividend	Agm/Dividend - 10%
2007-10-16	Bonus	Bonus 1:10
2007-08-30	Dividend	Agm/Dividend-10%
2006-09-08	Dividend	Agm/Dividend-15%

Documents

Links go to the original files on the exchange website.

About the company


Sector	Services
Industry	Transport Services
Sub-industry	Transport Related Services
Symbol	KERNEX
BSE code	532686
ISIN	INE202H01019
Face value	₹10.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.