Kross Ltd
NSE: KROSS BSE: 544253Auto
Incorporated in 1991, Kross Ltd manufactures high performance and safety critical components for the commercial vehicle, tractor and trailer axle industry[1]
₹184
52W: ₹151 — ₹238
PE 21.5 · Book ₹75.9 · +142% vs bookMarket Cap₹1,185 Cr
Stock P/E21.5Price to Earnings
ROCE16.4%Return on Capital
ROE12%Return on Equity
Div. Yield0%Face Value ₹5
Strengths
- +Company has delivered good profit growth of 63.5% CAGR over last 5 years
Weaknesses
- −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
Shareholding Pattern
Promoters68.52%
FIIs2.62%
DIIs6.03%
Public22.83%
| Category | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Promoters | 67.7% | 67.87%▲0.2 | 67.99%▲0.1 | 68.23%▲0.2 | 68.38%▲0.1 | 68.38% | 68.52%▲0.1 |
| FIIs | 5.93% | 4.16%▼1.8 | 3.18%▼1.0 | 2.53%▼0.7 | 2.31%▼0.2 | 2.41%▲0.1 | 2.62%▲0.2 |
| DIIs | 9.54% | 9.33%▼0.2 | 9.72%▲0.4 | 8.87%▼0.9 | 7.41%▼1.5 | 5.78%▼1.6 | 6.03%▲0.3 |
| Public | 16.83% | 18.63%▲1.8 | 19.1%▲0.5 | 20.36%▲1.3 | 21.89%▲1.5 | 23.45%▲1.6 | 22.83%▼0.6 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 149 | 183 | 146 | 139 | 150 | 185 | 139 | 131 | 177 | 225 |
| Expenses | 128 | 156 | 130 | 121 | 130 | 158 | 123 | 116 | 154 | 192 |
| Operating Profit | 21 | 27 | 17 | 18 | 20 | 27 | 16 | 15 | 23 | 34 |
| OPM % | 14% | 15% | 11% | 13% | 13% | 14% | 12% | 11% | 13% | 15% |
| Net Profit | 12 | 16 | 8 | 10 | 14 | 17 | 11 | 8 | 14 | 22 |
| EPS ₹ | 2.15 | 2.89 | 1.42 | 1.49 | 2.11 | 2.66 | 1.66 | 1.25 | 2.17 | 3.48 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹673Cr, up 8.5% YoY. OPM at 13%.
Debt Position
Borrowings at ₹54Cr. Debt-to-equity ratio: 0.12x. Healthy balance sheet.
Capex Cycle
CWIP at ₹16Cr (8% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 6.03% (-3.51pp change). FIIs: 2.62% (-3.31pp change). Promoters hold 68.52%.
Margin & Efficiency
ROCE improving from 0% (Mar 2020) to 16% (Mar 2026). Working capital days: 125.
Valuation
PE 21.5x with 16.4% ROCE. Price is 142% above book value of ₹75.9. Dividend yield: 0%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 1d - Kross shared Q4/FY26 results, 100% IPO proceeds deployed, and updates on plant commissioning and expansion.
- Compliances-Reg.24(A)-Annual Secretarial Compliance 14 May - Kross Limited filed its FY2026 secretarial compliance report under Regulation 24A.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 13 May - Audio recording of May 13, 2026 earnings conference call for Q4 and FY2026 uploaded.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 13 May - Advertisement of Newspaper publication for the Audited Financial results for the quarter and Financial Year ended 31st March 2026 is submitted
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 12 May - Monitoring Agency Report for quarter ended 31 March 2026 on IPO proceeds utilisation issued by India Ratings.
- Financial Year 2025 from bse
- Rating update 4 Dec 2025 from care
- Rating update 7 Oct 2024 from care