September 9, 2024 - September 11, 2024

Kross IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Kross IPO. Capital Market and Swastika Investmart Ltd have "Neutral" view about the IPO.

Kross IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	1	2	0	0
%	0.00	33.33	66.67	0.00	0.00

Kross IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Capital Market	Neutral
Dilip Davda	May Apply
Swastika Investmart Ltd	Neutral

Kross IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Kross IPO is 43. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	43	Avoid, however active risk seekers can try

Kross IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is a diversified player focused on 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. It has created a niche place in its segment. The company reported steady growth in its top and bottom lines for the reported periods. Based on FY24 earnings, it relatively appears aggressively priced. Well-informed investors may park funds for medium to long term. Read detail review...

Kross IPO Peer Comparison

Kross Limited peer comparison with similar listed entities. (As on March 31, 2024)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	Financial statements
Kross Limited	8.3	8.3	27.14		30.57	Standalone
Ramkrishna Forgings Ltd.	20.27	20.09	148.48	46.55	12.72	Consolidated
Jamna Auto Industries Ltd.	5.15	5.15	22.64	24.3	22.74	Consolidated
Automotive Axles Ltd.	109.95	109.95	579.63	17.05	18.97	Consolidated
G N A Axles Ltd	23.28	23.28	186.69	17.32	12.47	Consolidated
Talbros Automotive Components Ltd.	17.82	17.82	87.02	19.03	20.47	Consolidated

Notes:

Financial information for the Company is derived from the Restated Financial Information as of and for the financial year ended March 31, 2024.
All the financial information for the listed industry peers mentioned above is on a consolidated basis and is sourced from the annual audited financial results of the respective companies for the year ended March 31, 2024.
Basic EPS and Diluted EPS refer to the Basic EPS and Diluted EPS sourced from the financial statements of the respective company.
The P/E Ratio has been computed based on the closing market price of equity shares on BSE on August 14, 2024, divided by the Diluted EPS provided.
Return on net worth (RoNW) is computed as profit for the year attributable to common shareholders of the parent divided by net worth (excluding non-controlling interest), as of March 31, 2024.
NAV per equity share has been computed as the Net Worth attributable to common shareholders (excluding non-controlling interest) divided by the total number of shares outstanding, as of March 31, 2024.

Kross IPO Review by Members

Kross IPO Reviews, analysis and views by popular members. Read Kross Limited IPO reviews by retail investors to find recommended ipo to buy.

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Kross IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	0	0	0	0
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