Equirus Capital Private Limited
Kross Limited, established in 1991, specializes in manufacturing and supplying trailer axles, suspensions, and safety-critical parts for commercial vehicles and agricultural equipment. Their product range includes axle shafts, companion flanges, anti-roll bars, suspension linkages, and various tractor components. The company serves major OEMs in the M&HCV and tractor sectors, as well as domestic dealers and trailer axle manufacturers. Kross Limited operates five ISO 9001:2015 certified facilities in Jamshedpur, Jharkhand, with capabilities to produce forgings up to 40 kg. Their manufacturing equipment includes forging presses, upsetting lines, a foundry, high-precision machining tools, robot welding systems, CED painting, powder coating, and heat treatment furnaces.
For the year/period ended (Rs. in Cr.)
H1FY24 | FY23 | FY22 | |
---|---|---|---|
Total Revenue | 620.25 | 488.63 | 297.46 |
Profit After Tax | 44.88 | 30.93 | 12.17 |
EPS | 8.3 | 5.72 | 2.25 |
OPM (%) | 13.02% | 11.77% | 9.93% |
PATM (%) | 7.24% | 6.33% | 4.09% |
For year/ period ended ( in Cr.)
Company Name | Market Cap (Cr.) | Price | P/BV | P/E | Sales (Cr.) FY23 |
Net Profits(Cr.) FY23 |
---|---|---|---|---|---|---|
Kross Limited | 500.00 | 240.00 | 7.82 | 28.92 | 620.25 | 44.88 |
Automotive Axles Ltd. | 3027.38 | 2003.30 | 3.04 | 18.22 | 2229.17 | 166.16 |
GNA Axles Ltd. | 1894.97 | 441.40 | 2.04 | 18.96 | 1506.26 | 99.96 |
Talbros Automotive Components Ltd. | 2105.24 | 341.05 | 1.38 | 7.58 | 647.18 | 55.58 |
• Long-Standing Relationships with OEMs.
• Prominent Manufacturer in India.
• Diversified Product Portfolio.
• Integrated Manufacturing Operations.
• Sustained Growth and Financial Performance.
The company is expected to list at a premium valuation. There are many renowned players in this segment offering better margins and profitability. Therefore, we advise caution and recommend not participating in the subscription.
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