Kernex Microsystems (India) KERNEX
Anti-collision device (ACD)/Kavach-class train-protection systems
Mapped in 1 theme: Railways / Vande Bharat & Metro Rolling Stock.
Where Kernex Microsystems (India) sits in the supply chain
Kernex Microsystems (India) appears in 1 supply-chain layer in one theme, Railways / Vande Bharat & Metro Rolling Stock.
Railways / Vande Bharat & Metro Rolling Stock › Signalling, Train Control (Kavach) & Onboard Electronics
Direct supplierOther companies in this layer
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 20 | 190 | 430 |
| Net profit | −27 | 50 | 88 |
Latest-year revenue ₹430 Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths
- One of the earliest RDSO-certified Kavach suppliers, giving it first-mover qualification advantage that is now translating into an explosive order and profit inflection as the national rollout accelerates
Risks
- Revenue and profit are directly tied to the pace of the Kavach rollout - a change in program timing hits results quickly
- Recent growth has been explosive and may be difficult to sustain at the same rate
Common questions
What does Kernex Microsystems (India) do?
Anti-collision device (ACD)/Kavach-class train-protection systems.
Where does Kernex Microsystems (India) sit in the supply chain?
Kernex Microsystems (India) (NSE: KERNEX) is mapped in 1 supply-chain layer: Signalling, Train Control (Kavach) & Onboard Electronics (Railways / Vande Bharat & Metro Rolling Stock).
Who are Kernex Microsystems (India)'s peers?
In the Signalling, Train Control (Kavach) & Onboard Electronics layer of Railways / Vande Bharat & Metro Rolling Stock: Quadrant Future Tek Ltd, HBL Engineering and MIC Electronics.
What is Kernex Microsystems (India)'s market cap and valuation?
As of 30 Oct 2026: market cap ₹2,623 Cr, P/E 13.8x, ROCE 47.8%, ROE 43.5%, dividend yield 0%.