Kross Ltd Share Price Target 2024, 2025, 2030, 2040, 2050
Trailer axles and suspension systems for M&HCVs and agricultural machinery are the forte of the recently formed automobile firm Kross Limited.
With a history dating back to 1991 and a 2019 start to operations, Kross Ltd has swiftly become known for its unique production procedures and unwavering dedication to quality. Share price objectives over the next several years are of great interest to investors as the firm prepares for its IPO.
What is Kross Limited?
Contents
- 1 What is Kross Limited?
- 2 Kross Ltd Share Price Target Tomorrow
- 3 Kross Ltd Share Price Target 2024
- 4 Kross Ltd Share Price Target 2025
- 5 Share Price Target 2030
- 6 Share Price Target 2050
- 7 Should I buy Kross Ltd stock?
- 8 Peers & Comparison
- 9 Kross Ltd Earning Results
- 10 Expert Forecasts on the Future of Kross Ltd
- 11 Is Kross Ltd Stock Good to Buy?
- 12 Conclusion
- 13 FAQs
Kross Limited has become a significant player in the automotive components market, focusing on designing and manufacturing safety-critical components. To guarantee high quality production, it runs many factories in Jamshedpur, using cutting-edge technology. The company financial performance has grown impressively, and it serves over 200 clients, including significant original equipment manufacturers (OEMs).
After an initial public offering (IPO) that was 16.81 times oversubscribed, Kross Ltd is scheduled to launch on the market on September 16, 2024. The business plans to generate ₹500 crore via this offering, which comprises a new issue and an offer for sale, and the price range for the initial public offering (IPO) was set between ₹228 and ₹240 per share.
Kross Ltd. is a leading manufacturer of trailer axles and suspension kits for M&HCVs and agricultural equipment. The 1991-founded firm has developed swiftly using innovative technology and quality. Kross Ltd. enjoys long-term OEM agreements because it emphasizes innovation and client satisfaction. Our research predicts a price objective of ₹350 for Kross Ltd in 2024, with a range of ₹270 to ₹350. This rise is due to strong product demand after its IPO and strategic efforts.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2024 | 240 | 350 |
| Month | Minimum Price (₹) | Maximum Price (₹) |
| January | N/A | N/A |
| February | N/A | N/A |
| March | N/A | N/A |
| April | N/A | N/A |
| May | N/A | N/A |
| June | N/A | N/A |
| July | N/A | N/A |
| August | N/A | N/A |
| September | 240 | 290 |
| October | 250 | 300 |
| November | 260 | 320 |
| December | 270 | 350 |
Kross Ltd. is predicted to rise in 2025 as it expands operations and improves production. With increasing sales and profitability, the firm has performed well. Due to its diverse product range and strong market presence, Kross Ltd is expected to reach a price goal of ₹900 in 2025. The expected pricing range for the year is ₹900 ₹2500, highlighting the company ability to capitalize on automotive components prospects and adapt to market expectations.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2025 | 270 | 1500 |
| Month | Minimum Price (₹) | Maximum Price (₹) |
| January | 270 | 350 |
| February | 300 | 400 |
| March | 350 | 450 |
| April | 400 | 500 |
| May | 450 | 600 |
| June | 500 | 700 |
| July | 550 | 800 |
| August | 600 | 900 |
| September | 650 | 1000 |
| October | 700 | 1100 |
| November | 800 | 1200 |
| December | 900 | 1500 |
Kross Ltd. is anticipated to remain a top automotive components maker by 2030. The company quality, innovation, and operational excellence support long-term development. Kross Ltd. is expected to attain a price objective of ₹5000 by 2030, with a price range of ₹2000 to ₹5000. As the firm innovates and meets consumer expectations, demand for its high-performance goods will rise, and its market share will expand locally and globally.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2030 | 2000 | 5000 |
| Month | Minimum Price (₹) | Maximum Price (₹) |
| January | 2000 | 2200 |
| February | 2100 | 2300 |
| March | 2200 | 2400 |
| April | 2300 | 2500 |
| May | 2400 | 2600 |
| June | 2500 | 2800 |
| July | 2600 | 3000 |
| August | 2700 | 3200 |
| September | 2800 | 3400 |
| October | 2900 | 3600 |
| November | 3000 | 4000 |
| December | 3100 | 5000 |
Kross Ltd. might dominate the worldwide automotive components industry by 2050. With significant technological and production expenditures, the firm hopes to improve its products and grow its client base. Kross Ltd. is expected to reach a price objective of ₹10,000 in 2050, with a range of ₹5000 to ₹10,000. Innovation, sustainability, and operational efficiency equip the firm for success in a shifting market scenario as it responds to new automotive industry problems and possibilities, ensuring long-term development.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2050 | 5000 | 10,000 |
| Month | Minimum Price (₹) | Maximum Price (₹) |
| January | 5000 | 5500 |
| February | 5200 | 5800 |
| March | 5400 | 6000 |
| April | 5600 | 6200 |
| May | 5800 | 6400 |
| June | 6000 | 6700 |
| July | 6200 | 7000 |
| August | 6400 | 7300 |
| September | 6600 | 7600 |
| October | 6800 | 8000 |
| November | 7000 | 8500 |
| December | 7200 | 10,000 |
Should I buy Kross Ltd stock?
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2024 | 270 | 350 |
| 2025 | 900 | 1500 |
| 2030 | 2000 | 5000 |
| 2050 | 5000 | 10,000 |
Kross Ltd stock may be an excellent long-term investment. The firm saw significant financial development, increasing sales from ₹297.46 crore in FY 2022 to ₹621.46 crore in FY 2024, a 44.4% CAGR. Kross Ltd.’s net profit increased by 45% to ₹44.88 crore over the same time. The IPO, priced at ₹228 to ₹240 per share, has garnered interest and a grey market premium, suggesting a probable listing surge.
Analysts encourage subscribing to the IPO because excellent client connections and innovation fuel growth. The unpredictability of raw material costs, especially steel, might hurt profits for investors. Kross Ltd is a tempting investment for automotive components growth investors.
Peers & Comparison
| Stock | PE Ratio | PB Ratio | Dividend Yield |
|---|---|---|---|
| Kross Ltd | 0.00 | 0.00 | — |
| Samvardhana Motherson International Ltd | 47.52 | 4.57 | 0.42% |
| Bosch Ltd | 40.66 | 8.40 | 1.09% |
| Schaeffler India Ltd | 69.00 | 12.91 | 0.66% |
Kross Ltd Earning Results
Kross Ltd. sales rose 27% and net profit rose 45%, suggesting high operational efficiency and product demand.
| Financial Metric | FY 2024 (₹ Crores) |
| Revenue | 620 |
| Profit After Tax (PAT) | 45 |
| EBITDA Margin (%) | 13 |
| Net Profit Margin (%) | 7 |
| Return on Equity (ROE) | 36.1 |
Expert Forecasts on the Future of Kross Ltd
Kross Ltd is expected to develop significantly, with a predicted revenue of ₹620 crores in FY 2024 and good margins. The company would utilize ₹250 crores from its IPO to acquire equipment and settle debt, improving operational efficiency. The corporation is broadening its customer base and entering new industries to reduce dependence on key customers. Kross Ltd. can capitalize on automotive components prospects despite shifting raw material costs and economic downturns because to its quality and innovation.
Is Kross Ltd Stock Good to Buy?
Bull Case:
- Kross Ltd serves a rising logistics and transportation business that demands more M&HCV components.
- The corporation has doubled sales and increased profit margins over the previous three fiscal years.
- The IPO revenues will be used for capital expenditures, debt payments, and working capital, improving operational efficiency and financial stability.
- Kross’ long-term partnerships with key OEMs provide it an edge and guarantee product demand.
- Advanced manufacturing technologies provide high-quality production and safety compliance for the organization.
Bear Case
- If one of Kross important clients fails, a large percentage of its income is at danger.
- Kross sales depend on economic cycles and the fickle automobile sector.
- Kross confronts competition from established and emerging competitors in the automotive components sector.
- Manufacturing interruptions due to labor or supply chain concerns might affect output.
- Due to its quick expansion and current market circumstances, several experts believe Kross Ltd. may be overpriced post IPO.
Conclusion
Kross Ltd presents a compelling investment opportunity, driven by strong market demand and solid financial performance. However, potential investors should weigh the risks associated with customer concentration and market volatility. As the company prepares for its IPO, it is essential to stay informed about its performance and market conditions.
