BSE: 544253 | NSE: KROSS | Auto Ancillary | Small Cap
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 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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 15.4% | 16.4% | 17.2% | 19.9% | 19.6% | 10.5% | 11.9% | 16.3% | 31% | 33.6% | - |
| Value Creation Index ⓘ | 0.1 | 0.2 | 0.2 | 0.4 | 0.4 | -0.3 | -0.2 | 0.2 | 1.2 | 1.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 110 | 136 | 142 | 174 | 231 | 161 | 185 | 297 | 489 | 620 | 620 |
| Sales YoY Gr. | - | 24.2% | 4.2% | 22.4% | 32.9% | -30.5% | 15.4% | 60.4% | 64.3% | 26.9% | - |
| Adj EPS ⓘ | 0.4 | 0.6 | 0.7 | 0.9 | 1.6 | 0.4 | 1.1 | 2.2 | 5.7 | 8.2 | 7 |
| YoY Gr. | - | 44.2% | 17.7% | 27.4% | 75.3% | -77.3% | 186.5% | 110.4% | 154.7% | 45.1% | - |
| BVPS (₹) ⓘ | 6.5 | 7.1 | 7.8 | 8.8 | 10.4 | 10.8 | 11.8 | 13.4 | 18.9 | 27.1 | 62.6 |
| Adj Net Profit ⓘ | 2.3 | 3.3 | 3.9 | 4.9 | 8.7 | 2 | 5.7 | 12.1 | 30.7 | 44.6 | 45 |
| Cash Flow from Ops. ⓘ | 0 | 0 | 13.5 | 20.3 | 15.5 | 16.3 | 5.7 | 17.5 | 41.8 | 8.5 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 3.5 | 2.6 | 3.9 | 4 | 13.6 | 4.9 | 2.1 | 13.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 21.2% | 21.8% | 49.6% | 26.9% | ||||
| Adj EPS ⓘ | 38.8% | 38.3% | 98.1% | 45.1% | ||||
| BVPSⓘ | 17.3% | 21.1% | 31.9% | 43.8% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 7 | 9.2 | 9.8 | 11.2 | 17 | 3.6 | 9.4 | 17.7 | 35.2 | 35.8 | 15.5 |
| Op. Profit Mgn % ⓘ | 13.2 | 12.3 | 12.7 | 12.6 | 10.6 | 10.3 | 10.7 | 9.9 | 11.8 | 13 | 11.9 |
| Net Profit Mgn % ⓘ | 2.1 | 2.4 | 2.7 | 2.8 | 3.7 | 1.3 | 3.1 | 4.1 | 6.3 | 7.2 | 7.2 |
| Debt to Equity ⓘ | 1.3 | 1.3 | 1.1 | 1.1 | 1.1 | 1.1 | 1.2 | 1.2 | 0.9 | 0.8 | 0 |
| Working Cap Days ⓘ | 212 | 190 | 191 | 159 | 136 | 207 | 183 | 136 | 101 | 111 | 67 |
| Cash Conv. Cycle ⓘ | 130 | 112 | 133 | 118 | 94 | 136 | 121 | 85 | 54 | 63 | 49 |
Sales growth is growing at healthy rate in last 3 years 49.55%
Net Profit is growing at healthy rate in last 3 years 98.10%
Debt to equity has declined versus last 3 years average to 0.80
Return on Equity has declined versus last 3 years average to 15.50%
Sales growth is not so good in last 4 quarters at -0.55%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 7 | - |
| TTM Sales (₹ Cr.) | 620 | - |
| BVPS (₹.) ⓘ | 62.6 | - |
| Reserves (₹ Cr.) ⓘ | 372 | - |
| P/BV ⓘ | 3.25 | - |
| PE ⓘ | 29.22 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 158.30 / 271.00 |
| All Time Low / High (₹) | 158.30 / 271.00 |
| Market Cap (₹ Cr.) | 1,311 |
| Equity (₹ Cr.) | 32.3 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 51.1 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 110 | 136 | 142 | 174 | 231 | 161 | 185 | 297 | 489 | 620 |
| Operating Expenses ⓘ | 95 | 120 | 124 | 152 | 207 | 144 | 166 | 268 | 431 | 539 |
| Manufacturing Costs | 0 | 0 | 11 | 36 | 44 | 10 | 31 | 68 | 90 | 123 |
| Material Costs | 60 | 75 | 75 | 73 | 106 | 90 | 89 | 160 | 290 | 356 |
| Employee Cost | 11 | 12 | 12 | 14 | 17 | 17 | 15 | 20 | 27 | 30 |
| Other Costs ⓘ | 24 | 33 | 26 | 30 | 40 | 27 | 30 | 19 | 25 | 31 |
| Operating Profit ⓘ | 15 | 17 | 18 | 22 | 24 | 17 | 20 | 30 | 58 | 81 |
| Operating Profit Margin (%) | 13.2% | 12.3% | 12.7% | 12.6% | 10.6% | 10.3% | 10.7% | 9.9% | 11.8% | 13.0% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Interest ⓘ | 8 | 9 | 9 | 11 | 10 | 10 | 9 | 8 | 12 | 15 |
| Depreciation ⓘ | 3 | 3 | 3 | 4 | 4 | 4 | 5 | 6 | 4 | 6 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 3 | 5 | 6 | 7 | 11 | 3 | 7 | 16 | 42 | 61 |
| Tax ⓘ | 1 | 2 | 2 | 2 | 2 | 1 | 1 | 4 | 11 | 16 |
| Profit After Tax | 2 | 3 | 4 | 5 | 9 | 2 | 6 | 12 | 31 | 45 |
| PAT Margin (%) | 2.1% | 2.4% | 2.7% | 2.8% | 3.8% | 1.2% | 3.1% | 4.1% | 6.3% | 7.2% |
| Adjusted EPS (₹) | 0.4 | 0.6 | 0.7 | 0.9 | 1.7 | 0.4 | 1.1 | 2.3 | 5.7 | 8.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 4% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 34 | 38 | 42 | 46 | 55 | 58 | 64 | 72 | 102 | 147 |
| Share Capital ⓘ | 7 | 7 | 13 | 13 | 13 | 14 | 14 | 14 | 14 | 27 |
| Reserves ⓘ | 28 | 31 | 28 | 33 | 42 | 45 | 50 | 59 | 89 | 120 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 44 | 50 | 47 | 52 | 60 | 65 | 78 | 76 | 79 | 104 |
| Long Term Debt | 6 | 10 | 6 | 11 | 11 | 15 | 30 | 24 | 27 | 23 |
| Short Term Debt | 38 | 39 | 42 | 41 | 49 | 50 | 48 | 52 | 52 | 81 |
| Trade Payables | 16 | 17 | 13 | 12 | 19 | 19 | 15 | 19 | 34 | 49 |
| Others Liabilities ⓘ | 13 | 14 | 15 | 21 | 23 | 16 | 17 | 34 | 36 | 52 |
| Total Liabilities ⓘ | 108 | 119 | 117 | 132 | 158 | 158 | 174 | 201 | 251 | 352 |
Fixed Assets | ||||||||||
| Gross Block | 37 | 40 | 64 | 78 | 89 | 96 | 112 | 122 | 140 | 162 |
| Accumulated Depreciation | 0 | 0 | 25 | 28 | 32 | 37 | 41 | 46 | 51 | 56 |
| Net Fixed Assetsⓘ | 37 | 40 | 39 | 50 | 56 | 59 | 70 | 76 | 89 | 106 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 6 | 0 | 0 | 0 | 5 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| Inventories | 37 | 38 | 35 | 40 | 41 | 45 | 43 | 41 | 62 | 84 |
| Trade Receivables | 26 | 32 | 37 | 32 | 44 | 35 | 41 | 50 | 52 | 110 |
| Cash Equivalents | 4 | 4 | 4 | 4 | 6 | 5 | 5 | 1 | 14 | 11 |
| Others Assetsⓘ | 4 | 4 | 3 | 6 | 9 | 9 | 13 | 33 | 33 | 36 |
| Total Assets ⓘ | 108 | 119 | 117 | 132 | 158 | 158 | 174 | 201 | 251 | 352 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 0 | 14 | 20 | 16 | 16 | 6 | 18 | 42 | 8 |
| PBT ⓘ | 0 | 0 | 6 | 7 | 11 | 3 | 7 | 16 | 42 | 61 |
| Adjustment ⓘ | 0 | 0 | 12 | 14 | 14 | 14 | 13 | 14 | 16 | 20 |
| Changes in Working Capital ⓘ | 0 | 0 | -3 | 0 | -7 | 2 | -14 | -9 | -7 | -62 |
| Tax Paid ⓘ | 0 | 0 | -1 | -2 | -2 | -2 | -1 | -3 | -9 | -11 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | -2 | -13 | -12 | -13 | -9 | -12 | -19 | -30 |
| Capex | 0 | 0 | -3 | -14 | -11 | -13 | -10 | -12 | -19 | -22 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | -3 |
| Others ⓘ | 0 | 0 | 0 | 1 | -2 | 0 | 0 | 0 | 0 | -5 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | -12 | -6 | -2 | -4 | 4 | -6 | -11 | 14 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 2 | -5 |
| Interest Paid ⓘ | 0 | 0 | -9 | -11 | -10 | -10 | -9 | -5 | -11 | -15 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 |
| Others ⓘ | 0 | 0 | -3 | 5 | 8 | 5 | 13 | 0 | 0 | 33 |
| Net Cash Flow ⓘ | 0 | 0 | -1 | 1 | 1 | 0 | 0 | 0 | 12 | -7 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 6.98 | 8.99 | 9.79 | 11.23 | 17.28 | 3.44 | 9.38 | 17.84 | 35.45 | 36.06 |
| ROCE (%) | 15.41 | 16.39 | 17.18 | 19.86 | 19.58 | 10.46 | 11.94 | 16.3 | 30.95 | 33.57 |
| Asset Turnover Ratio | 1.06 | 1.2 | 1.2 | 1.39 | 1.59 | 1.02 | 1.12 | 1.59 | 2.16 | 2.06 |
| PAT to CFO Conversion(x) | 0 | 0 | 3.5 | 4 | 1.78 | 8 | 1 | 1.5 | 1.35 | 0.18 | Working Capital Days |
| Receivable Days | 93 | 78 | 88 | 72 | 60 | 89 | 75 | 56 | 38 | 48 |
| Inventory Days | 110 | 100 | 93 | 78 | 64 | 98 | 87 | 52 | 39 | 43 |
| Payable Days | 92 | 80 | 75 | 64 | 53 | 76 | 68 | 38 | 34 | 42 |
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
Tractor components and assemblies
Awards, accreditations and recognitions
History and milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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