SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Kross Ltd (KROSS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544253 NSE: KROSS Auto Ancillary | Small Cap | Kross Share Price

₹188.30 1.55 (0.83%)

As on 19-Jun'26 16:59

Kross Ltd (KROSS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544253 NSE: KROSS Auto Ancillary | Small Cap | Kross Share Price

₹188.30 1.55 (0.83%)

As on 19-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,215 Cr.
Current Price
₹188.3
52-Week Low / High
₹151 / 237
TTM EPS
₹8.6
TTM Sales
₹673 Cr.
Book Value per Share
₹75.9
P/E Ratio
22.00
Lower than its 5-year historical median
Industry PE
44.8
Price to Book (P/B)
2.48
In line with its 5-year historical median
Price to Sales (P/S)
1.80
In line with its 5-year historical median
EV/EBITDA
13.49
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
16.52%
Outperforms industry median
Return on Capital Employed (ROCE)
21.80%
Outperforms industry median
Return on Assets (ROA)
10.23%
Operating Profit Margin
13.1%
Net Profit Margin
7.74%
Gross Profit Margin
12%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
0.03%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
0.61%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
7.02%
Asset Quality
Promoter Holding
68.52%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹458 Cr.
Equity
₹32.3 Cr.
Face Value
₹5
All Time Low / High
₹131.15 / 271.00

Kross stock performance

Key Ratios
mw4me loader

Check Before You Invest

Valuation

Somewhat Overvalued

Price Trend

Semi Strong
Q.1 Is Kross Ltd a good quality company?
Kross Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Kross Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Kross Ltd vs industry peers?
Kross Ltd revenue CAGR is 31.02%, compared to the industry median CAGR of 11.89%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Kross Ltd?
Promoters hold 68.52% of the Kross Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Kross Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 12.5% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Kross Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 16.4%17.2%19.9%19.6%10.5%11.9%16.3%31%33.6%21.8%-
Value Creation
Index
0.20.20.40.4-0.3-0.20.21.21.40.6-

Growth Parameters

Sales 136142174231161185297489620620673
Sales YoY Gr.-4.2%22.4%32.9%-30.5%15.4%60.4%64.3%26.9%0%-
Adj EPS 0.60.70.91.60.41.12.25.78.27.38.6
YoY Gr.-17.7%27.4%75.3%-77.3%186.5%110.4%154.7%45.1%-10.9%-
BVPS (₹) 7.17.88.810.410.811.813.418.927.167.475.9
Adj Net
Profit
3.33.94.98.725.712.130.744.647.455
Cash Flow from Ops. 013.520.315.516.35.717.541.88.5-32.1-
Debt/CF from Ops. 03.52.63.9413.64.92.113.8-1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 18.3%31%27.8%0%
Adj EPS 31.6%81.8%48.8%-10.9%
BVPS28.4%44.3%71.3%148.2%
Share Price - - - 5.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
9.29.811.2173.69.417.735.235.816.312
Op. Profit
Mgn %
12.312.712.610.610.310.79.911.81313.113.1
Net Profit
Mgn %
2.42.72.83.71.33.14.16.37.27.68.2
Debt to
Equity
1.31.11.11.11.11.21.20.90.80.10.1
Working Cap
Days
19019115913620718313610111117497
Cash Conv.
Cycle
112133118941361218554639968

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales136142174231161185297489620620
Operating Expenses + 120124152207144166268431539539
Manufacturing Costs011364410316890119117
Material Costs7575731069089160290356354
Employee Cost 12121417171520273035
Other Costs 33263040273019253434
Operating Profit 17182224172030588181
Operating Profit Margin (%) 12.3%12.7%12.6%10.6%10.3%10.7%9.9%11.8%13.0%13.1%
Other Income + 0000000115
Exceptional Items -0000-000000
Interest 9911101098121512
Depreciation 3344456467
Profit Before Tax 567113716426167
Tax 2222114111619
Profit After Tax 34592612314548
PAT Margin (%) 2.4%2.7%2.8%3.8%1.2%3.1%4.1%6.3%7.2%7.7%
Adjusted EPS (₹)0.60.70.91.70.41.12.35.78.37.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%4.40%0%0%

Valuation of Kross - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 38424655586472102147435
Share Capital 7131313141414142732
Reserves 3128334245505989120402
Debt +504752606578767910425
Long Term Debt106111115302427235
Short Term Debt39424149504852528120
Minority Interest0000000000
Trade Payables17131219191519344967
Others Liabilities 14152123161734365854
Total Liabilities 119117132158158174201251358581

Fixed Assets

Net Fixed Assets +4039505659707689106132
Gross Block4064788996112122140162196
Accumulated Depreciation0252832374146515663
CWIP 0000600051
Investments 0001000016
Inventories38354041454341628499
Trade Receivables3237324435415052110182
Cash Equivalents 4446551141184
Others Assets 436991333334277
Total Assets 119117132158158174201251358581

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 014201616618428-32
PBT 067113716426167
Adjustment 0121414141314162015
Changes in Working Capital 0-30-72-14-9-7-63-105
Tax Paid 0-1-2-2-2-1-3-9-10-10
Cash Flow From Investing Activity + 0-2-13-12-13-9-12-19-30-26
Capex 0-3-14-11-13-10-12-19-27-28
Net Investments 0000000-1-4-2
Others 001-2000014
Cash Flow From Financing Activity + 0-12-6-2-44-6-1115136
Net Proceeds from Shares 000010000232
Net Proceeds from Borrowing 000000-12-1-17
Interest Paid 0-9-11-10-10-9-5-11-14-12
Dividend Paid 0000000-100
Others 0-3585130-030-67
Net Cash Flow 0-111-00012-777

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)8.999.7911.2317.283.449.3817.8435.4536.0616.52
ROCE (%)16.3917.1819.8619.5810.4611.9416.330.9533.5721.8
Asset Turnover Ratio1.21.21.391.591.021.121.592.162.041.32
PAT to CFO Conversion(x)03.541.78811.51.350.18-0.67
Working Capital Days
Receivable Days77.7088.407259.8089.3074.6056.2038.2047.6085.80
Inventory Days100.2093.307863.7097.6086.6051.8038.7042.9053.60
Payable Days8074.5064.1053.207668.4038.4033.5042.5059.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Kross Ltd FAQs

The current trading price of Kross on 19-Jun-2026 16:59 is ₹188.3.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Jun-2026 the market cap of Kross stood at ₹1,214.7 Cr

The latest P/E ratio of Kross as of 18-Jun-2026 is 22.00.

The latest P/B ratio of Kross as of 18-Jun-2026 is 2.48.

The 52-week high of Kross is ₹237.2 and the 52-week low is ₹150.8.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kross is ₹673 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Kross Ltd is a good quality company.

The key valuation ratios of Kross Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Kross Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Kross Ltd

Kross Limited was incorporated as ‘Kross Manufacturers (India) Private Limited’, as a private limited company under  the  Companies  Act,  1956,  pursuant  to  a  certificate  of  incorporation  dated  May  9,  1991,  issued  by  the Registrar  of  Companies,  Bihar  at  Patna.  Thereafter,  the  Registered  Office  of  the  company  was  changed  from 214, Ashiana Centre Adityapur, Jamshedpur to M-4, Phase VI, Gamharia, Adityapur Industrial Area, Jamshedpur. Subsequently, the name of the Company was changed from ‘Kross Manufacturers (India) Private Limited’ to ‘Kross Private Limited’ pursuant to a fresh certificate of incorporation issued by the Registrar of Companies Jharkhand at Ranchi dated September 26, 2016. Further, the name of the company was changed upon conversion from a private limited company ‘Kross Private Limited’, to a public limited company ‘Kross Limited’ pursuant to a special resolution passed by its shareholders on January 13, 2017 and a fresh certificate of incorporation issued by the Registrar of Companies Jharkhand at Ranchi dated January 17, 2017.

Kross is a diversified player focused on manufacturing and supply of trailer axle and suspension assembly and a wide range of forged and precision machined high performance safety critical parts for medium and heavy commercial vehicles (M&HCV) and farm equipment segments. The company is widely recognized as one of the prominent manufacturers of trailer axles and suspension assembly in India. In 2019, it commenced manufacture and sale of trailer axle and suspension assemblies and has witnessed robust growth between Fiscal 2021 and Fiscal 2024. It has become one of the fastest growing players in the organised trailer axle manufacturing industry competing with major trailer axle manufacturers. With over three decades of experience, the company relies on its product development capabilities to design and deliver proprietary products such as trailer axle and suspension assembly. It is one of the few players domestically, with the competency to manufacture trailer axles and suspension assembly in-house.

With a diversified portfolio of high performance and safety critical components for the M&HCV and farm equipment segments, the company is a specialist in manufacturing of safety critical components for M&HCV segment which include axle shafts, companion flanges, anti-roll bars and stabilizer bar assembly, suspension linkages, differential spiders, bevel gears, planet carriers, inter-axle kits, rear end spindles, pole wheels and wide variety of tractor components for the hydraulic lift arrangement, power take-off (PTO) shafts and front axle spindles. The company supplies its products to a diversified client base which includes large original equipment manufacturers (OEMs) manufacturing M&HCV and tractors, tier one suppliers to the OEMs in the M&HCV segment domestic dealers and fabricators for its trailer axle and suspension business.

Business area of the company

The company is a diversified player focused on manufacturing and supply of trailer axle and suspension assembly and a wide  range  of forged  and  precision  machined  high  performance  safety  critical  parts  for  M&HCV and  farm  equipment  segments.  

Products of the company 

M&HCV components and assemblies

  • Trailer axles and suspensions
  • Axle shafts
  • Coupling flanges
  • Differential spiders
  • Bevel gear assemblies
  • Bell crank assemblies
  • Trunion pins
  • Gear joint assemblies
  • Clutch release forks
  • Steering joints
  • Universal cross
  • Input and output shafts
  • Reaction plate and carrier annulus
  • Planet carrier assembly
  • Rear end spindles
  • ABS Pole wheels
  • Interaxle rings
  • Anti-roll bar and stabilizer bar assembly

Tractor components and assemblies

  • Spindle front axles
  • Control spring assembly
  • Arm rams and hydraulic lift arms
  • PTO shafts
  • Hydraulic lift shafts

Awards, accreditations and recognitions

  • 2013: Best supplier award for ‘Consistent Delivery Performance’ through pull system -Kanban at the Global Supplier Meetby TAFE.
  • 2014: Best supplier award for ‘Overall Performance’ by TAFE. 
  • 2015: Best supplier of the year award for outstanding efforts in delivery, quality and cost by York, a Tata Enterprise.
  • 2021: Durafit Range best vendor award for demand fulfilment east (2020-21) by Tata Genuine Parts at the Vendor Impact Progamme 2021.
  • 2023: Silver award in Best Performance in Business Alignment by Ashok Leyland.

History and milestones

  • 1991: Obtained the certificate of incorporation.
  • 1997: Supplied their first product, joint cross to Tata Engineering and Locomotive Company Limited (Telco Limited). 
  • 2001: Diversified into tractor components and started working with TAFE. 
  • 2006: Started working with Ashok Leyland by developing output flanges. 
  • 2008: Installed upsetter forging equipment (4” and 5”) and started development of manufacturing of axle shafts for Tata Motors. 
  • 2008: Installed press forging equipment by installing 2500 and 2000 tonnes mechanical press. 
  • 2014: Commenced business with International Tractors Limited for rockshafts. 
  • 2016: Developed spider bevel gears for TAFE.
  • 2018: Commenced manufacturing anti-roll bar and stabilizer bar for OEM’s by commissioning a new facility, Unit IV. 
  • 2019: Developed the trailer axle along with mechanical suspensions for the trailer industry. 
  • 2022: Established foundry Unit V, a high pressure mould line along with its machine shop.

You have 1 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: