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MomentumDeep Value

Kross Ltd: Stock Analysis & Fundamentals

Updated this week

Kross Ltd (Auto Ancillaries - Transmission) — fundamental analysis, earnings data, and key metrics. PE: 21.1. ROE: 16.5%. This stock is not currently in the Nifty 500 momentum outperformers list.

What's Happening

📊Debt increased 76% YoY — leverage rising
👔Promoter buying — stake up 0.7% this quarter
🌐FII stake decreased 3.6% this quarter
🏛️DII reducing — stake down 2.1%

Earnings Acceleration Triggers

1. Tipping Jack rollout targeting ₹45-50 cr revenue
FY27-FY28MEDIUM
2. Market share growth from 26-28% to 35%
2 yearsMEDIUM
3. Export growth to 5% in FY26
FY26HIGH

Key Risks

1. Margin pressure from no pricing premium
MEDIUM
2. Working capital volatility
MEDIUM

Key Numbers

Current Price
₹163
Market Cap
1.1K Cr
Valuation
N/A

Why Are Kross Ltd's Earnings Accelerating?

Based on Q3 FY26 earnings • Updated Feb 22, 2026

Tipping Jack rollout targeting ₹45-50 cr revenue

Expected: FY27-FY28MEDIUM confidence+₹45 Cr revenue

What: 4,000 kits at ₹1.2-1.3 lakh realization targeted for FY27-FY28

Impact: +₹45 Cr revenue

“Approximately 4000 kits with an average realization value of 1.2, 1.3 lakhs. It comes to around 45, 50 crores.”

Market share growth from 26-28% to 35%

Expected: 2 yearsMEDIUM confidence

What: Expanded forging capacity enabling trailer segment market share gains

“We are looking to grow our market share from about 26 to 28% to a figure of 35%”

Export growth to 5% in FY26

Expected: FY26HIGH confidence

What: Current 4% export contribution with target of 5% for FY26

“Exports contributed 4% of our total revenue... confident on achieving its full year export contribution of 5%”

What Are the Key Risks for Kross Ltd?

Earnings deceleration risks from management commentary

Margin pressure from no pricing premium

MEDIUM

Trigger: Continued focus on market share over pricing

Management view: We don't plan on charging a premium... we are looking to grow our market share

Monitor: EBITDA margin trajectory

Working capital volatility

MEDIUM

Trigger: Top-line growth below 10-15% quarterly

Management view: It's mostly a lot to do with the revenues coming in... increasing our top line by 10, 15% every quarter

Monitor: Quarterly revenue growth rate

What Is Kross Ltd's Management Saying?

Key quotes from recent conference calls

“We have expanded our forging capacity — Whole-Time Director”
“We don't plan on charging a premium... we are looking to grow our market share from about 26 to 28% to a figure of 35% — Management”
“Approximately 4000 kits with an average realization value of 1.2, 1.3 lakhs. It comes to around 45, 50 crores. This is what we've targeted in FY27 and FY28 — Management”
“The company remains confident on achieving its full year export contribution of 5% and has laid out a clear roadmap to scale exports to Double digit by FY27 — Management”

What Is Kross Ltd's Management Guidance?

Forward-looking targets from management for FY26-FY27

OPM Guidance

15%

Management Tone: CAUTIOUS

Key Milestones

• 5% export contribution in FY26

• Double digit exports by FY27

• 35% market share target

The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.

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Frequently Asked Questions: Kross Ltd

Based on publicly available financial data. This is educational research, not investment advice.

What were Kross Ltd's latest quarterly results?

Kross Ltd's latest quarterly results (Dec 2025) show

  • PAT Growth YoY: 0.0%
  • Revenue Growth YoY: +18.0%
  • Operating Margin: 13.0%

What is Kross Ltd's current PE ratio?

Kross Ltd's current PE ratio is 21.1x.

  • Current PE: 21.1x
  • Market Cap: 1.1K Cr

What is Kross Ltd's price-to-book ratio?

Kross Ltd's price-to-book ratio is 2.3x.

  • Price-to-Book (P/B): 2.3x
  • Book Value per Share: ₹70
  • Current Price: ₹163

Is Kross Ltd a fundamentally strong company?

Kross Ltd's fundamental strength based on key financial ratios

  • Return on Capital (ROCE): 22.0%

Is Kross Ltd debt free?

Kross Ltd has a debt-to-equity ratio of N/A.

  • Total Debt: ₹60 Cr

What is Kross Ltd's return on equity (ROE) and ROCE?

Kross Ltd's return ratios over recent years

  • FY2023: ROCE 31.0%
  • FY2024: ROCE 33.0%
  • FY2025: ROCE 22.0%

Is Kross Ltd's cash flow positive?

Kross Ltd's operating cash flow is negative (FY2025).

  • Cash from Operations (CFO): ₹-32 Cr
  • Free Cash Flow (FCF): ₹-58 Cr
  • CFO/PAT Ratio: -67% (weak cash conversion)

What is Kross Ltd's dividend yield?

Kross Ltd currently does not pay a significant dividend (yield 0.00%).

  • Dividend Yield: 0.00%
  • Current Price: ₹163

Who holds Kross Ltd shares — promoters, FII, DII?

Kross Ltd's shareholding pattern (Dec 2025)

  • Promoters: 68.4%
  • FII (Foreign): 2.4%
  • DII (Domestic): 5.8%
  • Public: 23.4%

Is promoter holding increasing or decreasing in Kross Ltd?

Kross Ltd's promoter holding has remained stable recently.

  • Current Promoter Holding: 68.4% (Dec 2025)
  • Previous Quarter: 68.4% (Sep 2025)
  • Change: 0.00% (stable)

Is Kross Ltd a new momentum entry or an established outperformer?

Kross Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.

What are the growth catalysts for Kross Ltd?

Kross Ltd has 3 key growth catalysts identified from recent earnings analysis

  • Tipping Jack rollout targeting ₹45-50 cr revenue
  • Market share growth from 26-28% to 35%
  • Export growth to 5% in FY26

What are the key risks in Kross Ltd?

Kross Ltd has 2 key risks worth monitoring

  • Margin pressure from no pricing premium
  • Working capital volatility

What did Kross Ltd's management say in the latest earnings call?

In Q3 FY26, Kross Ltd's management highlighted

  • "We have expanded our forging capacity — Whole-Time Director"
  • "We don't plan on charging a premium... we are looking to grow our market share from about 26 to 28% to a figure of 35% — Management"
  • "Approximately 4000 kits with an average realization value of 1.2, 1.3 lakhs. It comes to around 45, 50 crores. This is what we've targeted in FY27 and..."

What is Kross Ltd's management guidance for growth?

Kross Ltd's management has provided the following forward guidance for FY26-FY27

  • OPM guidance: 15%
  • Management tone: cautious
  • Milestone: 5% export contribution in FY26
  • Milestone: Double digit exports by FY27

Is Kross Ltd worth studying for long term investment?

Based on quantitative research signals, here is why Kross Ltd may be worth studying

  • Currently showing mixed signals — monitor for clearer trend confirmation

What is the investment thesis for Kross Ltd?

Kross Ltd investment thesis summary:

Research Signals (Bull Case)

  • Growth catalyst: Tipping Jack rollout targeting ₹45-50 cr revenue

Risk Factors (Bear Case)

  • Key risk: Margin pressure from no pricing premium

What is the future outlook for Kross Ltd?

Kross Ltd's forward outlook based on current data signals

  • Key Catalyst: Tipping Jack rollout targeting ₹45-50 cr revenue
  • Key Risk: Margin pressure from no pricing premium

The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.