Kross
Kross
AutomobilesKey Fundamentals
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Key Insights
Strengths
1- Company has delivered good profit growth of 63.5% CAGR over last 5 years
Weaknesses
2- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 86.9 days to 124 days
Growth Rate
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 144 | 145 | 149 | 183 | 146 | 139 | 150 | 185 | 139 | 131 | 177 | 225 | 184 |
| Expenses | 129 | 127 | 128 | 156 | 130 | 121 | 130 | 158 | 123 | 116 | 154 | 192 | 162 |
| Operating Profit | 15 | 18 | 21 | 27 | 17 | 18 | 20 | 27 | 16 | 15 | 23 | 34 | 23 |
| OPM % | 11% | 12% | 14% | 15% | 11% | 13% | 13% | 14% | 12% | 11% | 13% | 15% | 12% |
| Other Income | 0 | 0 | 0 | 1 | 0 | 1 | 2 | 2 | 2 | 1 | 0 | 1 | 0 |
| Interest | 3 | 4 | 4 | 4 | 4 | 4 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 |
| PBT | 11 | 13 | 16 | 22 | 11 | 13 | 18 | 25 | 14 | 12 | 19 | 30 | 18 |
| Tax % | 27% | 34% | 26% | 27% | 31% | 29% | 24% | 31% | 23% | 32% | 27% | 25% | 25% |
| Net Profit | 8 | 9 | 12 | 16 | 8 | 10 | 14 | 17 | 11 | 8 | 14 | 22 | 13 |
| 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 | 2.06 |
Profit & Loss
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 160 | 184 | 297 | 489 | 620 | 620 | 673 | 718 |
| Expenses | 143 | 165 | 268 | 431 | 539 | 539 | 585 | 624 |
| Operating Profit | 17 | 19 | 30 | 58 | 81 | 81 | 88 | 94 |
| OPM % | 10% | 10% | 10% | 12% | 13% | 13% | 13% | 13% |
| Other Income | 0 | 0 | 0 | 1 | 1 | 5 | 4 | 3 |
| Interest | 10 | 9 | 8 | 12 | 15 | 12 | 8 | 8 |
| Depreciation | 4 | 5 | 6 | 4 | 6 | 7 | 9 | 10 |
| PBT | 3 | 6 | 16 | 42 | 61 | 67 | 75 | 79 |
| Tax % | 31% | 18% | 25% | 26% | 27% | 29% | 26% | — |
| Net Profit | 2 | 5 | 12 | 31 | 45 | 48 | 55 | 58 |
| EPS in Rs | 1.44 | 3.53 | 9 | 22.87 | 8.3 | 7.45 | 8.56 | 8.96 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | 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 |
| Borrowings | 65 | 83 | 86 | 88 | 118 | 34 | 54 |
| Other Liabilities | 35 | 31 | 39 | 60 | 87 | 105 | 95 |
| Total Liabilities | 158 | 174 | 197 | 251 | 352 | 573 | 638 |
| Fixed Assets | 59 | 59 | 76 | 89 | 106 | 132 | 207 |
| CWIP | 6 | 11 | 0 | 0 | 5 | 1 | 16 |
| Investments | 0 | 0 | 0 | 0 | 1 | 6 | 7 |
| Other Assets | 93 | 104 | 121 | 161 | 240 | 434 | 408 |
| Total Assets | 158 | 174 | 197 | 251 | 352 | 573 | 638 |
Cash Flow
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Operating | 16 | 1 | 18 | 42 | 8 | 9 | 28 |
| Investing | -13 | -10 | -12 | -19 | -30 | -67 | -118 |
| Financing | -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 | -20 | -72 |
| CFO/OP | 113 | 8 | 70 | 89 | 23 | 22 | 52 |
Ratios
| Particulars | 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 | 124 |
| ROCE % | — | 11% | 16% | 31% | 33% | 22% | 16% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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55 extracted metrics + investor summaries across FY20–FY27.
Documents
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Company Information
Incorporated in 1991, Kross Ltd manufactures high performance and safety critical components for the commercial vehicle, tractor and trailer axle industry[1]
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