Kross Ltd

Kross Ltd

₹ 208 2.43%
13 May - close price
About

Incorporated in 1991, Kross Ltd manufactures
high performance and safety critical components for the commercial vehicle, tractor and trailer axle industry[1]

Key Points

Business Overview:[1]
Kross Limited is an integrated automotive component manufacturer with over 30 years of operating history, specializing in trailer axles, suspension assemblies, and safety-critical forged, cast and machined components for M&HCVs, tractors, and off-highway vehicles. The company is backward integrated across design, forging, casting, heat treatment, machining, and surface coating, and is among the prominent trailer axle & suspension manufacturers in India

  • Market Cap 1,342 Cr.
  • Current Price 208
  • High / Low 238 / 151
  • Stock P/E 24.3
  • Book Value 75.9
  • Dividend Yield 0.00 %
  • ROCE 16.4 %
  • ROE 12.0 %
  • Face Value 5.00

Pros

  • Company has delivered good profit growth of 63.5% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Working capital days have increased from 87.2 days to 125 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Figures in Rs. Crores

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
144 145 149 183 146 139 150 185 139 131 177 225
129 127 128 156 130 121 130 158 123 116 154 192
Operating Profit 15 18 21 27 17 18 20 27 16 15 23 34
OPM % 11% 12% 14% 15% 11% 13% 13% 14% 12% 11% 13% 15%
0 0 0 1 0 1 2 2 2 1 0 1
Interest 3 4 4 4 4 4 2 2 2 2 2 2
Depreciation 1 1 1 2 2 2 2 2 2 2 2 2
Profit before tax 11 13 16 22 11 13 18 25 14 12 19 30
Tax % 27% 34% 26% 27% 31% 29% 24% 31% 23% 32% 27% 25%
8 9 12 16 8 10 14 17 11 8 14 22
EPS in Rs 5.92 6.42 2.15 2.89 1.42 1.49 2.11 2.66 1.66 1.25 2.17 3.48
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
160 184 297 489 620 620 673
143 165 268 431 539 539 585
Operating Profit 17 19 30 58 81 81 88
OPM % 10% 10% 10% 12% 13% 13% 13%
0 0 0 1 1 5 4
Interest 10 9 8 12 15 12 8
Depreciation 4 5 6 4 6 7 9
Profit before tax 3 6 16 42 61 67 75
Tax % 31% 18% 25% 26% 27% 29% 26%
2 5 12 31 45 48 55
EPS in Rs 1.44 3.53 9.00 22.87 8.30 7.45 8.56
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 30%
3 Years: 11%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: 63%
3 Years: 21%
TTM: 15%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 27%
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 17%
Last Year: 12%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 14 14 14 14 27 32 32
Reserves 45 46 59 89 120 402 458
65 83 86 88 118 34 54
35 31 39 60 87 105 95
Total Liabilities 158 174 197 251 352 573 638
59 59 76 89 106 132 207
CWIP 6 11 0 0 5 1 16
Investments 0 0 0 0 1 6 7
93 104 121 161 240 434 408
Total Assets 158 174 197 251 352 573 638

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
16 1 18 42 8 -32 28
-13 -10 -12 -19 -30 -26 -118
-4 5 -6 -11 15 136 12
Net Cash Flow -0 -4 0 12 -7 77 -78
Free Cash Flow 3 -10 5 23 -19 -60 -72
CFO/OP 113% 8% 70% 89% 23% -28% 52%

Ratios

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 79 81 62 39 65 107 107
Inventory Days 182 177 94 78 86 102 105
Days Payable 76 67 44 43 50 69 60
Cash Conversion Cycle 185 192 112 74 100 139 153
Working Capital Days 18 41 25 19 30 106 125
ROCE % 11% 16% 31% 33% 22% 16%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Production Volume - Axle Shafts
Units per annum

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Capacity Utilization - Axle Shafts
%
Capacity Utilization - Trailer Axle & Suspension
%
Forging Capacity
Metric Tonnes per month
Installed Capacity - Axle Shafts
Units per annum
Installed Capacity - Trailer Axle & Suspension
Units per annum
Production Volume - Trailer Axle & Suspension
Units per annum
Foundry Capacity
Tonnes per month
Number of Customers
Count
Sales Volume - Trailer Axles
Units

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

11 Recently
Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
67.70% 67.87% 67.99% 68.23% 68.38% 68.38% 68.52%
5.93% 4.16% 3.18% 2.53% 2.31% 2.41% 2.62%
9.54% 9.33% 9.72% 8.87% 7.41% 5.78% 6.03%
16.83% 18.63% 19.10% 20.36% 21.89% 23.45% 22.83%
No. of Shareholders 91,65888,11286,71188,23389,72384,69977,059

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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