Kernex Microsystems (India) Ltd
Kernex Microsystems (India) Ltd (KERNEX)

Kernex Microsystems (India) Ltd (KERNEX)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-14.11 %
3 Month Return38.71 %
1 Year Return285.17 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 363
Rank 442
Rank 289
Dividend Yield
Rank 184
Rank 663
Price To Book Ratio
Debt To Asset
Rank 810

Company Information

Kernex Microsystems India Ltd is a software development and consultancy company. The company is engaged in the Manufacture and sale of Safety Systems like AntiCollision Devices for Railways and Software Services. They are an ISO 9001:2000 certified company with expertise in Software Hardware development and Systems Integration. The company holds exclusive license for manufacturing installation commissioning and maintenance of anticollision systems in India. They are also an outsourced facility for the Konkan Railways Corporation Ltd for manufacture and supply of ACDs and related accessories. They are also a technology partner for the development and implementation of ADDs for Metro SkyBus Urban Transportation System Advanced Railway Signal Systems and other safety systems. They hold the exclusive marketing rights of ACD systems all over the world except India.Kernex Microsystems India Ltd was incorporated on September 16 1991 as a private limited company with the object of designing developing installing and maintaining software packages for domestic and international markets. The company was registered as 100 Export Oriented Unit with Software Technology Parks of India Department of Electronics Govt. of India New Delhi.In March 1992 the company developed the software Mimex for GUI application. In March 1993 they exported Mimex and developed product like learnX Flicker and MathX. In March 1995 they exported the software MathX. In September 1996 they made as business relationship with Konkan Railway Corporation Ltd by supplying Intelligent Data Acquisition Systems for centrally monitoring arrival and departure timings of trains at each station.In October 1996 the company stared Oracle Financial Training Center at Hyderabad and in May 1997 they started Oracle Financial Training Center at Bangalore. In June 1998 they commissioned the Intelligent Data Acquisition Systems at 49 stations of Konkan Railway Projects. In October 1999 the company developed prototype ACDs and was demonstrated to Konkan Railway Corporation Ltd. In December 1999 they demonstrated prototype ACD to Minister of Railways GoI.In March 2000 the company signed an MoU with Konkan Railways Corporation Ltd as technology partner for ACDs design and development. In September 2000 they set up a 100 subsidiary in US. In June 2002 the company obtained IS/ISO 9001:2000 Certification from Lloyds Registry Quality Assurance.In February 2003 the company signed an agreement with Konkan Railways Corporation Ltd for manufacturing installation commissioning and maintenance of ACDs. In April 2003 they started working on SATDHAM safety system in partnership with KRCL.In January 2004 the company commenced work on ACD deployment in North Frontier Railway. In March 2004 they established a manufacturing facility for ACDs with an annual capacity of 4200 at their premises. Also they commenced work on ACD deployment in Konkan Railways and the deployment was completed in July 2004. In October 2004 the company entered into agreement with KRCL for providing Outsourced Manufacturing Facility for manufacturing ACDs. In June 2005 the company signed an MoU with KRCL as a technology partner of Metro Sky Bus System to provide ADDs Station Controllers and Related Application Software. In December 6 2005 the company made an initial public offer f 3960444 equity shares of Rs10 each for cash at a price of Rs 250 per equity share aggregating Rs 9901.11 lakh. In December 20 2005 the equity shares of the company were listed on Bombay Stock Exchange Ltd and The National Stock Exchange of India Ltd.During the year 200708 375 ACDs with ABUs were fitted in Locos at Howrah Andal Patratu Jamalpur Mughalsarai and Gonda after being duly manufactured at their facility. They also o fitted additional Loco Bahar line ACDs and TID Assignment ACDs wherever required. In Konkan Route over 98 Repeaters were fitted in tunnels and also 11 Nos. Loco ACDs in Loco sheds after portable Loco ACD were converted into full size Loco ACDs.During the year the company undertook the study of WG4 locos for interfacing their braking system with ACDs. Also they entered in to Technology partnership with Tiffien Batch Germany for providing Automatic Semi Automatic Level crossing system up to Sil 3 levels.During the year 200809 the company successfully developed and demonstrated RFID technology for the ACD and Tunnel Repeater Radio Network special Goods Guard ACD for use in RE Route Gangman ACD and use of DOMs in place of disconchips. They also developed 3/2 voting system that can work upto SIL 3 level for semiautomatic gates. In November 2008 the company signed a contract with Egyptian National Railways Egypt for supply and Development of 136automatic level crossing gates. The company is developing Multi Section Digital Axle Counter in collaboration with Altpro Zerob Croatia. They are also planning for acquiring new technologies from suitable OEMs in the field of SSI Signaling Systems and Control Systems for Multiengine hauling systems. In January 21 2010 the company executed an Operational and Comprehensive Maintenance Contract Agreement with Konkan Railway Corporation Ltd Mumbai for ACD Networking Systems supplied to North Frontier Railways by Konkan Railway Corporation Ltd. The value of the contract and supplies is approximately Rs 35.76 crore.
OrganisationKernex Microsystems (India) Ltd

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