Kernex Microsystems (India) Limited (KERNEX) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Kernex Microsystems (India) Limited ₹685, price ₹1,644, upside -58.3%, quality 40 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range ₹60.75 – ₹2,549 · fair‑value band ₹513.54 – ₹1,167 · the ₹1,644 price screens above the ₹685.05 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Kernex Microsystems (India) Limited, together with its subsidiaries, engages in the manufacture and sale of safety systems and software services for railways in India and internationally.
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Kernex Microsystems (India) Limited, together with its subsidiaries, engages in the manufacture and sale of safety systems and software services for railways in India and internationally. The company offers safety products for the railroad industry, such as LxGuard, a level crossing protection system; TrainSHIELD, a train collision avoidance system; SAFELx, a train actuated warning device; SENTINEX, a level crossing warning system; CASRY, a collision avoidance system for railyards; KMDAX, a multisection digital axle counter; ATRW, an automatic recording device for wagons; KTPIS, a train passenger information system; and BCPS2440, a battery charger cum power supply. It also provides turnkey product development, electronic product design, embedded software design, electronic manufacturing, ESS testing, offshore development, quality control, and training services. The company was incorporated in 1991 and is headquartered in Hyderabad, India.
Stock analysis
Kernex Microsystems (India) Limited (KERNEX) currently trades at ₹1,644, while our model-based Fair Value estimate is ₹685.05, 58.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹2,657 per share, and 5 of the 15 models we run sit above the ₹1,644 price.
Bear case: the Asset-Based group reads lowest at ₹98.93, and 10 of the 15 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹513.54 (bear) to ₹1,167 (bull), the price of ₹1,644 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 40/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Kernex Microsystems (India) Limited reported revenue of ₹4.3B in FY2026 versus ₹66.5M in FY2022, a compound +183.6%/yr. Reported net income was ₹883M in FY2026.
Key figures
Market cap ₹40.1B (≈ $417M) · P/E ratio 31.2 · P/S ratio 6.40 · EPS (TTM) ₹52.75 · Net margin 20.5% · Return on equity 43.6% · Return on assets (EBIT) −1.7% · Operating margin 40.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and 92% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −8% fair-value upside, at −58%, KERNEX screens richer than that median.
Fair Value models
Bear ₹513.54Fair Value ₹685.05Bull ₹1,167
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹26.74 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+126.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+374.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+88.0%
Start year 2021 (pandemic). Over 10 years: +42.9% a year
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.9%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+79.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+79.6%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−60% → 33%
Compare Kernex Microsystems (India) Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Application · 649 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score40 · Bottom 25%
Fair Value upside−58.3% · Bottom 25%
Profitability
Return on equity (TTM)43.6% · Top 25%
Return on assets15.5% · Top 25%
Net margin (TTM)20.5% · Top 25%
Operating margin (TTM)40.5% · Top 25%
Growth and dividend
Revenue growth206.5% · Top 25%
Balance sheet
Debt / equity0.00× · Below median
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (TTM)31.2× · Pricier than median
P/B16.18× · Priciest 25%
P/S (TTM)9.33× · Priciest 25%
EV/EBITDA26.8× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 27
FUTURE (revenue growth)100· sector 41
PAST (return on equity)100· sector 21
HEALTH (low debt)100· sector 97
DIVIDEND (yield)0· sector 33
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Kernex Microsystems (India) Limited (KERNEX) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹685.05 versus a price of ₹1,644, about −58% upside (overvalued).
What is the fair value of KERNEX?
Our model-based fair value for Kernex Microsystems (India) Limited is ₹685.05 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹1,644.
What is the quality score of KERNEX?
Kernex Microsystems (India) Limited has a Quality Score of 40/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Kernex Microsystems (India) Limited (KERNEX)?
Our model-based price target is the fair value of ₹685.05 (as of Sep 27, 2026) from 15 valuation models. Cautious scenario ₹513.54, optimistic scenario ₹1,167. It is a calculation from audited fundamentals, not an analyst target.
What is the Kernex Microsystems (India) Limited stock forecast for 2026?
Our models put fair value at ₹685.05, about −58% upside versus a price of ₹1,644 (overvalued). Cautious scenario ₹513.54, optimistic scenario ₹1,167. The calculation is refreshed regularly with new filings.
What is the revenue of Kernex Microsystems (India) Limited (KERNEX)?
Kernex Microsystems (India) Limited reported trailing-twelve-month revenue of about ₹4.3B (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Kernex Microsystems (India) Limited (KERNEX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kernex Microsystems (India) Limited it is ₹685.05 per share (as of Sep 27, 2026), against a price of ₹1,644. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Kernex Microsystems (India) Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, KERNEX trades above its calculated fair value: price ₹1,644, fair value ₹685.05, a gap of about −58% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of KERNEX?
No. The price is what the market pays today (₹1,644); the fair value is what the company's own numbers justify (₹685.05). For Kernex Microsystems (India) Limited the two are ₹958.45 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kernex Microsystems (India) Limited worth?
The market values Kernex Microsystems (India) Limited at about ₹40.1B (market capitalisation, as of Sep 27, 2026). Per share that is ₹1,644; our models calculate a fair value of ₹685.05 per share.
What do the bullish and bearish scenarios say about KERNEX?
Our models span a range for Kernex Microsystems (India) Limited: cautious scenario ₹513.54, base ₹685.05, optimistic ₹1,167 per share (as of Sep 27, 2026, price ₹1,644). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KERNEX?
Kernex Microsystems (India) Limited trades at a price-to-earnings ratio of 31.2 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹685.05 is built from several models across several years. Other multiples: P/B 16.2, P/S 9.3, EV/EBITDA 26.8.
How solid is the balance sheet of Kernex Microsystems (India) Limited (KERNEX)?
Balance-sheet figures for Kernex Microsystems (India) Limited (as of Sep 27, 2026): return on equity 43.6%, debt of 0.00 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is KERNEX from its 52-week high?
Kernex Microsystems (India) Limited trades at ₹1,644, about 36% below its 52-week high of ₹2,549 and 92% above the low of ₹857.00 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹685.05 is for.
Which stocks are comparable to Kernex Microsystems (India) Limited?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Kernex Microsystems (India) Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹1,644, calculated fair value ₹685.05 (−58%), Quality Score 40/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of KERNEX calculated?
We run Kernex Microsystems (India) Limited through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹685.05, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Kernex Microsystems (India) Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Kernex Microsystems (India) Limited (KERNEX)?
The closing price on Oct 1, 2026 was ₹1,644. Our model-based fair value is ₹685.05, about −58% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kernex Microsystems (India) Limited right now?
The price sits above even our optimistic bull case (₹1,167). The favourable scenario is already priced in. Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (₹513.54 to ₹1,167) leaves room in how you read the outcome.
Key figures of Kernex Microsystems (India) Limited
How large is the market capitalisation of Kernex Microsystems (India) Limited (KERNEX)?
The market capitalisation of Kernex Microsystems (India) Limited is ₹40.1B (≈ $417M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Kernex Microsystems (India) Limited (KERNEX)?
The price-to-sales ratio of Kernex Microsystems (India) Limited is 6.40 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kernex Microsystems (India) Limited (KERNEX)?
Earnings per share at Kernex Microsystems (India) Limited are ₹52.75 (price ÷ EPS = P/E 31.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Kernex Microsystems (India) Limited (KERNEX)?
The net margin of Kernex Microsystems (India) Limited is 20.5% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Kernex Microsystems (India) Limited (KERNEX)?
The return on equity (ROE) of Kernex Microsystems (India) Limited is 43.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Kernex Microsystems (India) Limited (KERNEX)?
On an EBIT basis the return on assets of Kernex Microsystems (India) Limited is −1.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Kernex Microsystems (India) Limited (KERNEX)?
The operating margin of Kernex Microsystems (India) Limited is 40.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kernex Microsystems (India) Limited (KERNEX)?
Revenue at Kernex Microsystems (India) Limited is growing +207% versus a year earlier (3y avg +374%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Kernex Microsystems (India) Limited (KERNEX)?
Earnings per share at Kernex Microsystems (India) Limited are growing +110% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Kernex Microsystems (India) Limited (KERNEX) generate?
The free cash flow of Kernex Microsystems (India) Limited is −₹1.4B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Kernex Microsystems (India) Limited (KERNEX) carry?
The net debt of Kernex Microsystems (India) Limited is ₹1.4B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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