Kross share price target for 2024, 2025, and 2026 can be like multi-bagger stock returns. Kross Ltd is involved in the manufacturing and supply of medium and heavy-duty commercial vehicles and agriculture equipment all over India and some other countries as well.
Kross Ltd IPO was announced and its bidding started on 9 Sept – 11 Sept. The issue size of the IPO was Rs. 500 Crore and the price range was set to Rs. 228 to Rs. 240. The stock is listed in the stock market (NSE and BSE) on 16 Sept 2024 at Rs. 240. It means no gain in the listing or listed at a 0% premium.
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About Kross Ltd
The company was founded in 1991. Kross Ltd is engaged in the business of manufacturing and supplying medium and heavy-duty vehicle parts and agriculture equipment. It is one of the major companies in the sector.
Currently, the company has 5 manufacturing plants, advanced tools, powder coating, and all the things required to manufacture good and high-quality components. Kross Ltd has a capacity of annual 60,000 suspension assemblies and axles. Currently, the company has a plan to invest Rs. 70 Crore to upgrade its plants, increase manufacturing capacity, and many more things.
Kross Ltd manufactures various products-
Trailer Components
- Axles
- King Pins
- Suspensions
- Landing Gears
Tractor Components
- Spindle Front Axle
- Rear axle assembly
- Hydraulic life assembly
Truck Components
- Chassis
- Steering
- Gear Shifting
- Rear Axle Assembly
Most of the revenue of Kross Ltd comes from medium and heavy-duty vehicles and farm equipment. The company generates most of its revenue from tractor parts, anti-roll bars, stabilizer bars, coupling bars, axle shafts, trailer axles, and suspensions.
Kross Ltd’s Scrip Info
| NSE | KROSS |
| BSE | 544253 |
| ISIN | INE0O6601022 |
| SECTOR | AUTO ANCILLARIES |
Company Analysis
Below you’ll find Kross Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Mar 2023 | ₹ |
| Jun 2023 | ₹ |
| Sep 2023 | ₹ |
| Dec 2023 | ₹ |
| Mar 2024 | ₹ |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | ₹2 |
| Mar 2021 | ₹5 |
| Mar 2022 | ₹12 |
| Mar 2023 | ₹31 |
| Mar 2024 | ₹45 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹1,548 Crore | ROE | 30.57% |
| P/E Ratio (TTM) | 0.00 | EPS (TTM) | 8.30 |
| P/B Ratio | 0.00 | Div. Yield | 0.00% |
| Industry PE | 53.60 | Book Value | 27.14 |
| Debt to Equity | 0.80 | Face Value | 5 |
| Held By | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|
| FIIs | NA | NA | NA | NA |
| DIIs | NA | NA | NA | NA |
| Public | NA | NA | NA | NA |
| Promoters | NA | NA | NA | NA |
| Other Holders | NA | NA | NA | NA |
Key Insights
- Zero promoter pledge.
- Low debt on the company.
- Kross Ltd is a profitable company.
- The company’s debt is Rs. 118 Crore.
- The company making consistent profits.
- The company has cash of Rs. 10.5 Crore.
- Earnings of the company improving/increasing yearly.
Kross Share Price Target
Currently, enough data is not available but as per data, the Kross Ltd company has been profitable for the past 5 years in a row. Not only profitable but the net profit of the company is also increased over the years. In the FY March 2020, the company made a net profit of Rs. 2 Crore and 160 sales. Now in FY March 2024, it made a net profit of Rs. 42 Crore and 620 sales.
As you can see, in the last 5 years the net profit of Kross Ltd has increased by more than 22.5 times and the sales is increased by more than 3.5 times. The company’s profit and sales have grown rapidly over the years.
Kross Ltd is a small-cap company with a market cap of Rs. 1,548 Crore. It means the stock is highly volatile and can give high returns and losses quickly as the small-cap stocks fall badly during the negative news, bear market, etc.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹290 | ₹320 |
| 2025 | ₹350 | ₹400 |
| 2026 | ₹400 | ₹500 |
Disclaimer: We are not SEBI registered, this post is only for educational purposes. We give the stock price targets based on analysts’ research, news, price action, etc. Please do research or talk to your financial advisor before making any decision.
Kross Share Price Target 2024
Kross Ltd stock was listed on 16 Sept at Rs. 240 and made a low of Rs. 231.96 and later it made a high of Rs. 270.90 and as of now, it is trading at Rs. 259.80. In short, the Kross Ltd stock is trading approx. 8 up from its listing price on NSE.
It is highly difficult to predict the Kross share price target for 2024 as of now because there is no bullish or bearish pattern formed. But there is some chance that the stock will move up if it crosses its high or in case if it crosses low then it may fall.
As Kross Ltd is a profitable company that’s why we are slightly bullish and you can expect a target of Rs. 290 to Rs. 320 in the year. But you should only get the stock when any bullish pattern is formed and the stock is at least 8% to 10% down from its 52-week high.
Kross Share Price Target 2025 and 2026
Investing in Kross Ltd or the industry is not a good idea. As per experts the MHCV (medium heavy commercial vehicles) industry is likely to grow by a compounded annual growth rate of 2% to 4% from FY24 to FY29. It is considered as a good growth rate.
The growth rate of commercial vehicles and buses was high in the past years. The growth rate may also continue in the upcoming years. If the growth rate is constant or increasing then the company may generate good profit.
Kross share price target for 2025 and 2026 may trade near Rs. 400 to Rs. 500. The target may change with the growth rate of the industry.
FAQs
Kross Ltd is a good stock and it is also fundamentally and financially strong. In the short term, the stock may deliver good returns as it is one of the top manufacturers and suppliers of medium and heavy vehicle components all over India. In the next few months, you may see the stock trading near Rs. 300.
From the financials, fundamentals, and business model side, there is no issue in the company. But the problem is it is a small-cap company and these are very volatile. It can be a problem if any negative news comes about the stock or industry. During this time the stock may crash badly and it will become hard to sell the stock at the desired price.
For those, who prefer investing in small-cap companies then it can be a good stock. During the bullish market, maximum returns are given by the small-cap stocks but also fall during the negative market.
Kross Ltd manufactures and supplies components of medium and heavy-duty vehicles all over India. It also manufactures and supplies agriculture equipment.
Currently, the company has 5 plants and it is about to invest Rs. 70 Crore to upgrade plants capacity and manufacturing capacity.
The company manufactures various products like trailer components, tractor components, truck components, and agriculture equipment.
Final Words
Kross Ltd is a small-cap profitable company that is engaged in the manufacturing and supplies of trailer components, tractor components, truck components, and agriculture equipment. Low debt on the company and zero promoter pledge. These things make it one of the best small-cap stocks that can give multi-bagger Kross a share price target in the future.
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