Praj Industries vs Kernex Microsystems vs Deep Industries: Which Stock Should You Track

Praj Industries vs Kernex Microsystems (India) vs Deep Industries starts with the core numbers most investors compare within the engineering services segment: market capitalisation, valuation multiples, profitability, dividend yield and the latest quarterly results. Figures below are sourced as of October 2026 and will shift with daily price moves.

All three names sit in the engineering services bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses. The sections below cover the company profiles, a valuation table, the latest quarter and a five-quarter trend for revenue and net profit.

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Praj Industries, Kernex Microsystems (India) and Deep Industries: Company Overview

Praj Industries is a listed Indian company in the engineering services space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 5,331 crore, a return on equity of 1.48% and a book value of Rs 71.22 per share. Its quarterly revenue moved from Rs 648.79 crore in June 2025 to Rs 735.80 crore in June 2026, a change of +13.4%.

Kernex Microsystems (India) is a listed Indian company in the engineering services space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 2,859 crore, a return on equity of 35.60% and a book value of Rs 147.66 per share. Its quarterly revenue moved from Rs 56.29 crore in June 2025 to Rs 504.07 crore in June 2026, a change of +795.5%.

Deep Industries is a listed Indian company in the engineering services space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 4,969 crore, a return on equity of 19.42% and a book value of Rs 312.37 per share. Its quarterly revenue moved from Rs 212.93 crore in June 2025 to Rs 302.60 crore in June 2026, a change of +42.1%.

Praj Industries vs Kernex Microsystems (India) vs Deep Industries: Valuation and Profitability Snapshot

Metric	Praj Industries	Kernex Microsystems (India)	Deep Industries
Market Cap (approx.)	Rs 5,331 crore	Rs 2,859 crore	Rs 4,969 crore
PE Ratio (TTM)	176.83	14.99	22.13
PB Ratio	4.07	11.52	2.49
Return on Equity (ROE)	1.48%	35.60%	19.42%
EPS (TTM, Rs)	1.64	113.47	35.08
Dividend Yield	1.24%	0.00%	0.32%
Debt to Equity	0.13	0.65	0.10
Book Value per Share (Rs)	71.22	147.66	312.37

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On valuation, Praj Industries trades at a PE of 176.83 and a PB of 4.07, Kernex Microsystems (India) at a PE of 14.99 and a PB of 11.52, while Deep Industries trades at a PE of 22.13 and a PB of 2.49. On return on equity, the three post 1.48%, 35.60% and 19.42% respectively, and on dividend yield they stand at 1.24%, 0.00% and 0.32%. Praj Industries has the highest market capitalisation of the three at Rs 5,331 crore, while Kernex Microsystems (India) has the lowest at Rs 2,859 crore. Praj Industries has the highest PE ratio of the three at 176.83, while Kernex Microsystems (India) has the lowest at 14.99. Kernex Microsystems (India) has the highest return on equity of the three at 35.60%, while Praj Industries has the lowest at 1.48%. Kernex Microsystems (India) has the highest debt to equity ratio of the three at 0.65, while Deep Industries has the lowest at 0.10. Debt to equity is 0.13, 0.65 and 0.10 for the three respectively.

Praj Industries vs Kernex Microsystems (India) vs Deep Industries: Latest Quarterly Results

Company	Latest Quarter Revenue	Latest Quarter Net Profit	YoY Change (Revenue)	QoQ Change (Revenue)	YoY Change (Net Profit)
Praj Industries	Rs 735.80 crore	Rs 11.61 crore	+13.4%	-15.3%	+117.4%
Kernex Microsystems (India)	Rs 504.07 crore	Rs 109.85 crore	+795.5%	+97.3%	+1382.5%
Deep Industries	Rs 302.60 crore	Rs 89.14 crore	+42.1%	+10.6%	+44.5%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter. A percentage change in net profit is shown as NA where the comparison quarter was a loss or the latest quarter is a loss, since the percentage is not meaningful in that case.

Praj Industries vs Kernex Microsystems (India) vs Deep Industries: Five-Quarter Revenue and Net Profit Trend

The five-quarter view below shows how revenue and net profit moved from June 2025 to June 2026 for each company in Praj Industries vs Kernex Microsystems (India) vs Deep Industries, which helps separate a one-quarter move from a steadier pattern.

Quarterly revenue (Rs crore)

Quarter	Praj Industries	Kernex Microsystems (India)	Deep Industries
June 2025	Rs 648.79 crore	Rs 56.29 crore	Rs 212.93 crore
September 2025	Rs 847.07 crore	Rs 47.61 crore	Rs 242.27 crore
December 2025	Rs 853.38 crore	Rs 73.08 crore	Rs 231.41 crore
March 2026	Rs 869.03 crore	Rs 255.50 crore	Rs 273.65 crore
June 2026	Rs 735.80 crore	Rs 504.07 crore	Rs 302.60 crore

Quarterly net profit (Rs crore)

Quarter	Praj Industries	Kernex Microsystems (India)	Deep Industries
June 2025	Rs 5.34 crore	Rs 7.41 crore	Rs 61.70 crore
September 2025	Rs 19.28 crore	Rs 6.52 crore	Rs 71.23 crore
December 2025	-Rs 12.39 crore	Rs 6.06 crore	Rs 71.35 crore
March 2026	Rs 11.61 crore	Rs 68.25 crore	-Rs 7.22 crore
June 2026	Rs 11.61 crore	Rs 109.85 crore	Rs 89.14 crore

Praj Industries reported revenue of Rs 648.79 crore in June 2025 and Rs 735.80 crore in June 2026, a change of +13.4% across the period. Its highest quarterly revenue in this window was Rs 869.03 crore in March 2026. Net profit stood at Rs 11.61 crore in June 2026, which is a net profit margin of 1.58%. Praj Industries reported a net loss in December 2025.

Kernex Microsystems (India) reported revenue of Rs 56.29 crore in June 2025 and Rs 504.07 crore in June 2026, a change of +795.5% across the period. Its highest quarterly revenue in this window was Rs 504.07 crore in June 2026. Net profit stood at Rs 109.85 crore in June 2026, which is a net profit margin of 21.79%.

Deep Industries reported revenue of Rs 212.93 crore in June 2025 and Rs 302.60 crore in June 2026, a change of +42.1% across the period. Its highest quarterly revenue in this window was Rs 302.60 crore in June 2026. Net profit stood at Rs 89.14 crore in June 2026, which is a net profit margin of 29.46%. Deep Industries reported a net loss in March 2026.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three engineering services names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and factors specific to the segment such as order book size, execution pace, customer concentration and working capital needs. A single-quarter snapshot can shift quickly, and smaller companies in particular can show wide swings from one quarter to the next.

It also helps to read the latest quarterly filings and investor presentations of Praj Industries, Kernex Microsystems (India) and Deep Industries directly, since the figures here come from standardised data and do not capture company-specific context such as one-time items, order timing or promoter actions.

Conclusion

Praj Industries vs Kernex Microsystems (India) vs Deep Industries highlights how differently three companies in the same engineering services segment can look across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

FAQs on Praj Industries vs Kernex Microsystems (India) vs Deep Industries

What is the market cap difference between Praj Industries, Kernex Microsystems (India) and Deep Industries?

Ans. As of October 2026, Praj Industries has a market cap of approximately Rs 5,331 crore, Kernex Microsystems (India) is at approximately Rs 2,859 crore, and Deep Industries is at approximately Rs 4,969 crore.

What are the PE and PB ratios of Praj Industries, Kernex Microsystems (India) and Deep Industries?

Ans. As of October 2026, the PE ratios stand at 176.83, 14.99 and 22.13 respectively, and the price to book ratios stand at 4.07, 11.52 and 2.49 respectively.

Which of the three has the highest ROE?

Ans. Praj Industries, Kernex Microsystems (India) and Deep Industries post ROE of 1.48%, 35.60% and 19.42% respectively as of October 2026. Kernex Microsystems (India) has the highest return on equity of the three at 35.60%, while Praj Industries has the lowest at 1.48%.

Which of these three stocks pays the highest dividend yield?

Ans. Praj Industries, Kernex Microsystems (India) and Deep Industries carry dividend yields of 1.24%, 0.00% and 0.32% respectively.

What is the debt to equity ratio for Praj Industries, Kernex Microsystems (India) and Deep Industries?

Ans. Praj Industries carries a debt to equity of 0.13, Kernex Microsystems (India) of 0.65, and Deep Industries of 0.10.

What were the latest quarterly revenue and net profit of Praj Industries, Kernex Microsystems (India) and Deep Industries?

Ans. For Q1 FY27 (quarter ended June 2026), Praj Industries reported revenue of Rs 735.80 crore and net profit of Rs 11.61 crore, Kernex Microsystems (India) reported revenue of Rs 504.07 crore and net profit of Rs 109.85 crore, and Deep Industries reported revenue of Rs 302.60 crore and net profit of Rs 89.14 crore.

Does this comparison recommend one of Praj Industries, Kernex Microsystems (India) and Deep Industries?

Ans. This comparison does not declare one stock ahead of another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research.