Key Metrics of Kross Limited
About Kross Limited
Sectors
Company details
- Registered office
- M-4, Phase-vi, Gamharia,adityapur Industrial Area, Jamshedpur, Seraikela-kharsawan, Seraikella Khars, Seraikela-kharsawan, In-jh, 832108
- Listed
- NSE: KROSS · ₹300.85
Operational Areas of Kross Limited
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 04 Dec 2025 | CARE | Other | — | — | — | — | View |
| 07 Oct 2024 | CARE | Non-cooperating | BB | A4 | Stable | ₹50.3 Cr | View |
| 11 Jul 2023 | CARE | Non-cooperating | BB | A4 | Stable | ₹50.3 Cr | View |
| 03 Jun 2022 | CARE | Non-cooperating | BB | A4 | Stable | ₹101 Cr | View |
| 10 Mar 2021 | CARE | Non-cooperating (from BB+) | BB | A4 | Stable | ₹101 Cr | View |
| 14 Feb 2020 | CARE | Revised (from BBB-) | BB+ | A4+ | Stable | ₹50.3 Cr | View |
| 10 Sep 2019 | CARE | Non-cooperating | BBB- | A3 | Stable | ₹50.3 Cr | View |
Credit strengths (CARE, Feb 2020)
+ Experienced promoters
KMIPL is promoted by Mr. Sudhir Rai, and his wife, Mrs Anita Rai. Mr. Sudhir Rai, Managing Director, is a diploma holder in business administration and has experience of about two decades in auto ancillary segment. Long relationship with reputed clientele KMIPL supplies to various automobile OEMs present across the country. Although the company commenced business as a supplier solely to Tata Motors Ltd (TML), it has diversified its client portfolio
+ Long relationship with reputed clientele
KMIPL supplies to various automobile OEMs present across the country. Although the company commenced business as a supplier solely to Tata Motors Ltd (TML), it has diversified its client portfolio over the years, which ensures stability of the revenue stream in the future. Performance in FY19 marked by increase in turnover, albeit operating profitability witnessed deterioration Income from operation has increased from Rs. Rs.173.80crore in FY18 to Rs.231.03 crore in FY19 and
+ Moderate capital structure
Capital structure of the company remained moderate with overall gearing of 1.09x as on Mar 31, 2019.Interest coverage ratio increase from 1.94 times in FY18 to 2.48 times in FY19 on account of reduction in interest cost. Analytical approach: Standalone Applicable Criteria Policy in respect of Non-cooperation by issuer Criteria on assigning Outlook and Credit Watch
+ Analytical approach: Standalone
Applicable Criteria Policy in respect of Non-cooperation by issuer Criteria on assigning Outlook and Credit Watch CARE’s Policy on Default Recognition Financial ratios – Non-Financial Sector Criteria for Short Term Instruments CARE’s methodology for manufacturing companies
+ Brief Financials (Rs. crore) FY18 (A) FY19 (A)
Total operating income 173.80 231.03 PBILDT 21.83 24.41 PAT 4.94 8.79 Overall gearing (times) 1.13 1.09 Interest coverage (times) 1.94 2.48 A: Audited Status of non-cooperation with previous CRA: ICRA has suspended its rating vide its press release dated
+ Total operating income 173.80 231.03
PBILDT 21.83 24.41 PAT 4.94 8.79 Overall gearing (times) 1.13 1.09 Interest coverage (times) 1.94 2.48 A: Audited Status of non-cooperation with previous CRA: ICRA has suspended its rating vide its press release dated October 29,2015 on account of ICRA’s inability to carry out a rating surveillance in the absence of the
Credit challenges
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Agency-reported financials (CARE, 04 Dec 2025)
| Metric | March 31, 2024 | March 31, 2025 | H1FY26 |
|---|---|---|---|
| Total operating income | ₹621 Cr | ₹621 Cr | ₹273 Cr |
| PBILDT | ₹81.21 Cr | ₹82.18 Cr | ₹34.05 Cr |
| PAT | ₹44.88 Cr | ₹48.03 Cr | ₹18.78 Cr |
| Overall gearing (times) | 1.02× | 0.15× | 0.13× |
| Interest coverage (times) | 5.73× | 6.89× | 8.35× |
| Revenue growth (YoY) | — | 0.1% | — |
| EBITDA margin | 13.1% | 13.2% | 12.5% |
| Implied interest cost (EBITDA ÷ coverage) | ₹14.17 Cr | ₹11.93 Cr | ₹4.08 Cr |
| PAT margin | 7.2% | 7.7% | 6.9% |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| ISSUER NOT continues to remain under ISSUER Long Term Bank Facilities | Working capital & bank lines | — | ₹40.3 Cr | — | BB (Stable) | Other | CARE |
| NOT ISSUER NOT continues to remain under ISSUER Short Term Bank Facilities | Working capital & bank lines | — | ₹10.0 Cr | — | A4 | Non-cooperating | CARE |
CARE ratings on record (checked 26 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| BG/LC | — | Withdrawn |
| Cash Credit | — | Withdrawn |
| Standby Line of Credit | — | Withdrawn |
| Term Loan | — | Withdrawn |
Credit assessment · Manufacturing
Rating Methodology – Manufacturing Companies (Mar 2025) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 50% |
| Information on file | 78% · missing: Capex / investment plans, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 50% chance the next rating action is stable or better
- Interest coverage 8.35×
Rated limits by facility
Timeline
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Kross Limited
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
| Graphite India Limited | Discovered Companies · Other Industries | — | — | Kolkata, West Bengal, India |
 Larsen & Toubro |
Capital Goods & Power Equipment · Heavy Engineering & Capital Goods | larsentoubro.com | 1938 | Mumbai, India |
| Capital Goods & Power Equipment · Heavy Engineering & Capital Goods | bhel.com | — | India | |
| Defence & Shipbuilding PSUs · Public Sector (PSU) & Government | hal-india.co.in | 1940 | Bangalore, Karnataka, India | |
| Capital Goods & Power Equipment · Heavy Engineering & Capital Goods | bel-india.in | — | India | |
| Shyam Metalics And Energy Limited | Discovered Companies · Other Industries | — | — | Kolkata, West Bengal, India |
 Thermax |
Capital Goods & Power Equipment · Heavy Engineering & Capital Goods | thermaxglobal.com | 1980 | Pune, India |
 Solar Industries India |
Capital Goods & Power Equipment · Heavy Engineering & Capital Goods | solargroup.com | — | Nagpur, India |
 India Glycols |
Capital Goods & Power Equipment · Heavy Engineering & Capital Goods | indiaglycols.com | — | Udham Singh Nagar, India |
| CMR Green Technologies Limited | Indian IT Services · IT Services & Software | — | — | Faridabad, Haryana, India |
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.