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About
Kross Ltd (KROSS)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544253 NSE: KROSS Auto Ancillary | Small Cap | Kross Share Price
₹206.70 -3.65 (-1.74%)
As on 21-Aug'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
₹206.70 -3.65 (-1.74%)
As on 21-Aug'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹1,333 Cr.
Current Price
₹206.7
52-Week Low / High
₹151 / 237
TTM EPS
₹9
TTM Sales
₹718 Cr.
Book Value per Share
₹78
P/E Ratio
23.06
In line with its 5-year historical median
Industry PE
50.2
Price to Book (P/B)
2.65
Higher than its 5-year historical median
Price to Sales (P/S)
1.86
In line with its 5-year historical median
EV/EBITDA
14.06
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
11.95%
In line with industry median
Return on Capital Employed (ROCE)
16.47%
Outperforms industry median
Return on Assets (ROA)
8.91%
Operating Profit Margin
13.1%
Net Profit Margin
8.2%
Gross Profit Margin
12.5%
Growth Momentum
1-yr vs 3-yr growth
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
8.25%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
14.95%
Asset Quality
Promoter Holding
68.57%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹471 Cr.
Equity
₹32.3 Cr.
Face Value
₹5
All Time Low / High
₹131.15 / 271.00
Check Before You Invest
Quality
Very GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Strong
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?
Revenue growth of Kross Ltd vs industry peers?
Kross Ltd revenue CAGR is 31.02%, compared to the industry median CAGR of 13.36%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Kross Ltd?
Promoters hold 68.57% of the Kross Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Kross Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 9.51% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 16.4% | 17.2% | 19.9% | 19.6% | 10.5% | 11.9% | 16.3% | 31% | 33.6% | 21.8% | - |
| Value Creation Index ⓘ | 0.2 | 0.2 | 0.4 | 0.4 | -0.3 | -0.2 | 0.2 | 1.2 | 1.4 | 0.6 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 136 | 142 | 174 | 231 | 161 | 185 | 297 | 489 | 620 | 620 | 718 |
| Sales YoY Gr. | - | 4.2% | 22.4% | 32.9% | -30.5% | 15.4% | 60.4% | 64.3% | 26.9% | 0% | - |
| Adj EPS ⓘ | 0.6 | 0.7 | 0.9 | 1.6 | 0.4 | 1.1 | 2.2 | 5.7 | 8.2 | 7.3 | 9 |
| YoY Gr. | - | 17.7% | 27.4% | 75.3% | -77.3% | 186.5% | 110.4% | 154.7% | 45.1% | -11.4% | - |
| BVPS (₹) ⓘ | 7.1 | 7.8 | 8.8 | 10.4 | 10.8 | 11.8 | 13.4 | 18.9 | 27.1 | 67.4 | 78 |
| Adj Net Profit ⓘ | 3.3 | 3.9 | 4.9 | 8.7 | 2 | 5.7 | 12.1 | 30.7 | 44.6 | 47.1 | 58 |
| Cash Flow from Ops. ⓘ | 0 | 13.5 | 20.3 | 15.5 | 16.3 | 5.7 | 17.5 | 41.8 | 8.5 | 8.6 | - |
| Debt/CF from Ops. ⓘ | 0 | 3.5 | 2.6 | 3.9 | 4 | 13.6 | 4.9 | 2.1 | 13.8 | 3.8 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 18.3% | 31% | 27.8% | 0% | ||||
| Adj EPS ⓘ | 31.5% | 81.6% | 48.5% | -11.4% | ||||
| BVPSⓘ | 28.4% | 44.3% | 71.3% | 148.2% | ||||
| Share Price | - | - | - | 9.5% | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 9.2 | 9.8 | 11.2 | 17 | 3.6 | 9.4 | 17.7 | 35.2 | 35.8 | 16.2 | 12.3 |
| Op. Profit Mgn % ⓘ | 12.3 | 12.7 | 12.6 | 10.6 | 10.3 | 10.7 | 9.9 | 11.8 | 13 | 13.1 | 13.1 |
| Net Profit Mgn % ⓘ | 2.4 | 2.7 | 2.8 | 3.7 | 1.3 | 3.1 | 4.1 | 6.3 | 7.2 | 7.6 | 8.1 |
| Debt to Equity ⓘ | 1.3 | 1.1 | 1.1 | 1.1 | 1.1 | 1.2 | 1.2 | 0.9 | 0.8 | 0.1 | - |
| Working Cap Days ⓘ | 190 | 191 | 159 | 136 | 207 | 183 | 136 | 101 | 111 | 176 | 97 |
| Cash Conv. Cycle ⓘ | 112 | 133 | 118 | 94 | 136 | 121 | 85 | 54 | 63 | 99 | 68 |
Valuation of Kross - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 142 | 174 | 231 | 161 | 185 | 297 | 489 | 620 | 620 | 673 |
| Operating Expenses ⓘ + | 124 | 152 | 207 | 144 | 166 | 268 | 431 | 539 | 539 | 585 |
| Operating Profit ⓘ | 18 | 22 | 24 | 17 | 20 | 30 | 58 | 81 | 81 | 88 |
| Operating Profit Margin (%) | 12.7% | 12.6% | 10.6% | 10.3% | 10.7% | 9.9% | 11.8% | 13.0% | 13.1% | 13.1% |
| Other Income ⓘ + | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 5 | 4 |
| Interest ⓘ | 9 | 11 | 10 | 10 | 9 | 8 | 12 | 15 | 12 | 8 |
| Depreciation ⓘ | 3 | 4 | 4 | 4 | 5 | 6 | 4 | 6 | 7 | 9 |
| Profit Before Tax ⓘ | 6 | 7 | 11 | 3 | 7 | 16 | 42 | 61 | 67 | 75 |
| Tax ⓘ | 2 | 2 | 2 | 1 | 1 | 4 | 11 | 16 | 19 | 20 |
| Profit After Tax | 4 | 5 | 9 | 2 | 6 | 12 | 31 | 45 | 48 | 55 |
| PAT Margin (%) | 2.7% | 2.8% | 3.8% | 1.2% | 3.1% | 4.1% | 6.3% | 7.2% | 7.7% | 8.2% |
| Adjusted EPS (₹) | 0.7 | 0.9 | 1.7 | 0.4 | 1.1 | 2.3 | 5.7 | 8.3 | 7.4 | 8.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 4.40% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 42 | 46 | 55 | 58 | 64 | 72 | 102 | 147 | 435 | 490 | |
| Debt + | 47 | 52 | 60 | 65 | 78 | 76 | 79 | 104 | 25 | 48 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 13 | 12 | 19 | 19 | 15 | 19 | 34 | 49 | 67 | 60 | |
| Others Liabilities ⓘ | 15 | 21 | 23 | 16 | 17 | 34 | 36 | 58 | 60 | 56 | |
| Total Liabilities ⓘ | 117 | 132 | 158 | 158 | 174 | 201 | 251 | 358 | 587 | 653 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 39 | 50 | 56 | 59 | 70 | 76 | 89 | 106 | 132 | 207 | |
| CWIP ⓘ | 0 | 0 | 0 | 6 | 0 | 0 | 0 | 5 | 1 | 16 | |
| Investments ⓘ | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 6 | 7 | |
| Inventories | 35 | 40 | 41 | 45 | 43 | 41 | 62 | 84 | 99 | 106 | |
| Trade Receivables | 37 | 32 | 44 | 35 | 41 | 50 | 52 | 110 | 182 | 197 | |
| Cash Equivalents | 4 | 4 | 6 | 5 | 5 | 1 | 14 | 11 | 84 | 24 | |
| Others Assets ⓘ | 3 | 6 | 9 | 9 | 13 | 33 | 33 | 42 | 83 | 97 | |
| Total Assets ⓘ | 117 | 132 | 158 | 158 | 174 | 201 | 251 | 358 | 587 | 653 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 14 | 20 | 16 | 16 | 6 | 18 | 42 | 8 | 9 | 28 |
| Cash Flow From Investing Activity ⓘ + | -2 | -13 | -12 | -13 | -9 | -12 | -19 | -30 | -67 | -118 |
| Cash Flow From Financing Activity ⓘ + | -12 | -6 | -2 | -4 | 4 | -6 | -11 | 15 | 136 | 12 |
| Net Cash Flow ⓘ | -1 | 1 | 1 | -0 | 0 | 0 | 12 | -7 | 77 | -78 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 9.79 | 11.23 | 17.28 | 3.44 | 9.38 | 17.84 | 35.45 | 36.06 | 16.52 | 11.95 |
| ROCE (%) | 17.18 | 19.86 | 19.58 | 10.46 | 11.94 | 16.3 | 30.95 | 33.57 | 21.8 | 16.47 |
| Asset Turnover Ratio | 1.2 | 1.39 | 1.59 | 1.02 | 1.12 | 1.59 | 2.16 | 2.04 | 1.31 | 1.09 |
| PAT to CFO Conversion(x) | 3.5 | 4 | 1.78 | 8 | 1 | 1.5 | 1.35 | 0.18 | 0.19 | 0.51 |
| Working Capital Days | ||||||||||
| Receivable Days | 88.40 | 72 | 59.80 | 89.30 | 74.60 | 56.20 | 38.20 | 47.60 | 85.80 | 102.80 |
| Inventory Days | 93.30 | 78 | 63.70 | 97.60 | 86.60 | 51.80 | 38.70 | 42.90 | 53.60 | 55.30 |
| Payable Days | 74.50 | 64.10 | 53.20 | 76 | 68.40 | 38.40 | 33.50 | 42.50 | 59.90 | 63.50 |
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Announcements
Kross Ltd FAQs
The current trading price of Kross on 21-Aug-2026 16:59 is ₹206.7.
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 20-Aug-2026 the market cap of Kross stood at ₹1,333.4 Cr
The latest P/E ratio of Kross as of 20-Aug-2026 is 23.06.
The latest P/B ratio of Kross as of 20-Aug-2026 is 2.65.
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 ₹718 ( 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 Strong which suggest that the price of Kross Ltd is likely to Rise 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.
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