Kross Limited was incorporated as "Kross Manufacturers (India) Private Limited" as a Private Limited Company vide Certificate of Incorporation dated May 9, 1991. The company was subsequently renamed to "Kross Private Limited" on September 26, 2016, and later converted to a Public Limited Company "Kross Limited" on January 17, 2017.
Kross is a diversified player in manufacturing and supply of trailer axle and suspension assembly, and a wide range of forged and precision machined high-performance safety-critical parts for medium and heavy commercial vehicles (M&HCV) and farm equipment segments. The company specializes in manufacturing forging components for top OEMs and Tier 1 companies, producing high-performance and safety-critical components for the commercial vehicle, tractor, and trailer axle industry.
Kross Limited manufactures and supplies trailer axles and suspensions and a wide range of high-performance forged and precision machined safety-critical parts for medium and heavy-duty commercial vehicles (M&HCV) and agricultural equipment. The company's product portfolio includes axle shafts, companion flanges, anti-roll bars and stabilizer bar assembly, suspension linkages, differential spiders, bevel gears, planet carriers, inter-axle kits, rear-end spindles, pole wheels, and a variety of tractor components for the hydraulic lift arrangement, power take-off (PTO) shafts, and front axle spindles.
The company supplies its products to major original equipment manufacturers ("OEMs") that manufacture M&HCVs and tractors, as well as to domestic dealers and trailer axle and suspension manufacturers that supply OEMs in the M&HCV segment. Kross is a supplier to OEMs like TATA Motors, Ashok Leyland, International Tractors Limited, TAFE (Tractor and Farm Equipment), and is also a global supplier for companies like Dana and Eaton.
Kross Limited has five ISO 9001:2015 certified manufacturing facilities in Jamshedpur, Jharkhand, with the capacity to manufacture forgings weighing up to 40 kg. The production facilities are equipped with forging presses and upsetting lines with induction heating for billets, a foundry with a high-pressure moulding line, high-precision machining machines (turning centers, vertical and horizontal milling centres, grinding, broaching, hobbing, and shaping machines), robot welding systems, an in-house cathodic electro-dip painting system ("CED system"), powder coating and spray painting, and heat treatment furnaces and induction hardening systems.
The company has a state-of-the-art manufacturing facility at Jamshedpur which has the necessary infrastructure, equipment, and human resources to meet the demands of high degree of accuracy and consistency in product quality. As of June 30, 2024, the company had 528 permanent employees.
As of March 2025, Kross Ltd has a market capitalization of ₹1,248 Crore, with revenue of ₹620 Cr, and profit of ₹48.0 Cr. The firm saw significant financial development, increasing sales from ₹297.46 crore in FY 2022 to ₹621.46 crore in FY 2024, representing a 44.4% CAGR. Kross Ltd.'s net profit increased by 45% to ₹44.88 crore over the same period.
The company has demonstrated consistent quarterly performance with recent results showing:
- Net profit of Kross rose 9.72% to ₹17.15 crore in Q4 FY25 (quarter ended March 2025) as against ₹15.63 crore during the previous quarter ended March 2024.
- Sales rose 1.05% to ₹184.96 crore in Q4 FY25 as against ₹183.04 crore during the previous quarter ended March 2024.
- Net profit of Kross rose 16.74% to ₹13.60 crore in Q3 FY25 (quarter ended December 2024) as against ₹11.65 crore during the previous quarter ended December 2023.
- Market Capitalization: ₹1,277.80 Cr (as of June 26, 2025)
- Revenue (FY2024): ₹621.46 Cr
- Profit (FY2024): ₹44.88 Cr
- Q4 FY25 Performance: Net Profit of ₹17.15 Cr, Sales of ₹184.96 Cr
- Q3 FY25 Performance: Net Profit of ₹13.60 Cr
- Promoter Holding: 67.99% (as of March 2025)
- P/E Ratio: 26.61
- P/B Ratio: 8.70
Kross Ltd shares were listed on the BSE and NSE on September 16, 2024, following an IPO that was 16.81 times oversubscribed. The company raised ₹500 crore through this offering, which comprised a new issue and an offer for sale, with the IPO price range set between ₹228 and ₹240 per share.
The market cap of Kross Ltd (KROSS) is ₹1277.80 Cr as of 26th June 2025, with a 52-week high of ₹270.89 and 52-week low of ₹150.06. The P/E (price-to-earnings) ratio of Kross Ltd is 26.61 and the P/B (price-to-book) ratio is 8.70.
Promoter holding in Kross Ltd has increased to 67.99 per cent as of March 2025 from 67.70 per cent as of September 2024. The Mutual Fund Shareholding in Kross was 8.39% at the end of May 2025.
The company utilized ₹250 crores from its IPO to acquire equipment and settle debt, improving operational efficiency, with funds being used for capital expenditures, debt repayment, and working capital needs. The company has reduced debt and is almost debt-free.
Kross Limited has become a significant player in the automotive components market, focusing on designing and manufacturing safety-critical components. The company operates multiple factories in Jamshedpur using cutting-edge technology to guarantee high-quality production. Kross Ltd serves a rising logistics and transportation business that demands more M&HCV components.
Kross' long-term partnerships with key OEMs provide it an edge and guarantee product demand, while advanced manufacturing technologies ensure high-quality production and safety compliance. The company has delivered good profit growth of 86.3% CAGR over the last 5 years.
The company continues to focus on expanding its customer base and diversifying its product portfolio while maintaining its position as a key supplier in the automotive components industry, particularly in the M&HCV and agricultural equipment segments.
