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Kross Q2 FY27 Share Price & Earnings Call Analysis

₹300.85+2.09% today
Market cap
₹1,938 Cr
P/E
27.90
ROE
11.96%
PEG
1.32
Price to sales
2.36
Debt to equity
0.23
52W high / low
₹307 / ₹158
Sales growth (5Y)
29.65%
EBITDA margin
13.40%
Net profit margin
8.21%
Promoter holding
68.57%
Sales (last year)
₹822 Cr

Incorporated in 1991, Kross Ltd manufactures high performance and safety critical components for the commercial vehicle, tractor and trailer axle industry[1]

Guidance scorecard · Q2 FY27 call

What Kross Ltd's management guided
and where it ranks in Auto Components

#24of 66 in
Auto Components
Revenue20–40%MarginsFlatCapexPlannedFundraisingPlannedOrder bookWhat management said

RevenueQ2 FY27 call

20–40%
  • The company expects Q3 and Q4 volumes to be stronger than Q2, with H2 volumes historically 20% higher than H1.
  • Trailer segment demand is picking up post-monsoon and is expected to sustain or increase in Q3 and Q4.
  • Tractor segment demand is expected to remain consistent with quarter 3 being strong, supported by relatively low inventory levels.
  • Capacity utilizations for extruded axle beams are expected to reach 100% within 1-2 quarters, boosting production.
  • New product launches like tipping jacks are projected to ramp up capacity utilization from 50-60% in Q4.
  • The seamless tube facility is expected to start production trials by Q4 FY '27, broadening product capabilities for future growth.

2 more points from Kross Ltd's call on revenue

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Full Q2 FY27 analysis

MarginsQ2 FY27 call

Flat

See what Kross Ltd said on margins — free account, 30 seconds.

Full Q2 FY27 analysis

CapexQ2 FY27 call

Planned
  • The seamless tube facility capex is ongoing with a total budget of approximately INR170 crores; around INR120 crores already spent.
  • Remaining capex for the seamless tube project (about INR50 crores) expected to be completed in H2 FY '27.
  • Additional capex of approximately INR60 crores planned via warrants and preferential shares over the next two quarters to support increased demand, mainly in commercial vehicles.

2 more points from Kross Ltd's call on capex

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Full Q2 FY27 analysis

FundraisingQ2 FY27 call

Planned

See what Kross Ltd said on fundraising — free account, 30 seconds.

Full Q2 FY27 analysis

Order bookQ2 FY27 call

  • Strong demand in the trailer segment and commercial vehicle businesses supporting growth.
  • Q3 and Q4 volumes expected to be stronger than Q2, with H2 usually 20% higher than H1.
  • Increased share of business with larger customers and positive market feedback.
  • Capacity expansions underway, including seamless tube facility and axle shafts, to meet increasing demand.
  • Investments and operational readiness expected to support improved utilization and margins in coming quarters.

2 more points from Kross Ltd's call on the order book

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Full Q2 FY27 analysis
Full Auto Components ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Auto Components
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Kross Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Auto Components companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹3,020 Cr47.8
240%+Flat₹1,998 Cr63.5
340%+Flat₹428 Cr17.5
420–40%Up 2%+₹25,721 Cr73.8
520–40%Up 2%+₹13,417 Cr40.5
620–40%Up 0–2%₹23,344 Cr37.6

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Pro shows every company guiding 40%+ revenue growth →Full Auto Components ranking

Kross Ltd announcements

All announcements →

Financials of Kross Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Kross Ltd

Shareholding breakup across reporting periods.

Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +67.70%67.87%67.99%68.23%68.38%68.38%68.52%68.57%68.57%
FIIs +5.93%4.16%3.18%2.53%2.31%2.41%2.62%2.51%3.37%
DIIs +9.54%9.33%9.72%8.87%7.41%5.78%6.03%6.05%6.10%
Public +16.83%18.63%19.10%20.36%21.89%23.45%22.83%22.88%21.97%
No. of Shareholders91,65888,11286,71188,23389,72384,69977,05976,73465,397

Financials of Kross Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +145149183146139150185139131177225184235
Expenses +127128156130121130158123116154192162204
Operating Profit18212717182027161523342331
OPM %12%14%15%11%13%13%14%12%11%13%15%12%13%
Other Income +0010122210102
Interest4444422222223
Depreciation1122222222233
Profit before tax13162211131825141219301827
Tax %34%26%27%31%29%24%31%23%32%27%25%25%27%
Net Profit +91216810141711814221320
EPS in Rs1.612.152.891.421.492.112.661.661.252.173.482.063.05

Financials of Kross Ltd

Profit & Loss

Annual income statement trend

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +160184297489620620673822
Expenses +143165268431539539585712
Operating Profit17193058818188110
OPM %10%10%10%12%13%13%13%13%
Other Income +00011544
Interest109812151289
Depreciation456467911
Profit before tax36164261677594
Tax %31%18%25%26%27%29%26%
Net Profit +25123145485569
EPS in Rs0.360.882.255.738.307.458.5610.76
Dividend Payout %0%0%0%0%0%0%0%

Financials of Kross Ltd

Balance Sheet

Capital structure and asset base

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital1414141427323232
Reserves45465989120402458491
Borrowings +658386881183454119
Other Liabilities +35313960871059594
Total Liabilities158174197251352573638736
Fixed Assets +59597689106132207222
CWIP61100511655
Investments00001677
Other Assets +93104121161240434408451
Total Assets158174197251352573638736

Financials of Kross Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +16118428928
Cash from Investing Activity +-13-10-12-19-30-67-118
Cash from Financing Activity +-45-6-111513612
Net Cash Flow-0-4012-777-78
Free Cash Flow3-10523-19-20-72
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit113%8%70%89%23%22%52%

Financials of Kross Ltd

Ratios

Working capital efficiency and return ratios

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days7981623965107107
Inventory Days182177947886102105
Days Payable76674443506960
Cash Conversion Cycle18519211274100139153
Working Capital Days1841251930106124
ROCE %11%16%31%33%22%16%

Guidance history

How Kross Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →20–40%FlatPlannedPlanned—
Q1 FY27 call →20–40%FlatPlannedPlannedRising
Q4 FY26 call →20–40%FlatPlanned—Rising
Q3 FY26 call →10–20%FlatPlanned—Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

91out of 100

Momentum score · price trend

91 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+63.0%88%
Last 6 months+62.3%91%
Last 3 months+56.2%97%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Kross Ltd: 0.4 × 88 + 0.4 × 91 + 0.2 × 97 = 91.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Kross Ltd's management said in earlier quarters

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