Kross Limited ia 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. They are widely recognized as one of the prominent manufacturers of trailer axles and suspension assembly in India.
They have become one of the fastest growing player in the organised trailer axle manufacturing industry competing with major trailer axle manufacturers. They operate five manufacturing facilities in Jamshedpur. They are backward integrated with design, process engineering, forging, casting, and machining capabilities.
Strengths And Risks
+ Long standing relationship with large OEMs: In over three decades of operations, company has established long-standing relationships with several well established Indian and global customers like OEMs Ashok Leyland Limited, Tata International DLT Private Limited, a leading Indian automobile OEM, a leading Indian farm equipment OEM, and global Tier I supplier for auto components.
+ Prominent manufacturer of critical equipment: Company is widely recognized as one of the prominent manufacturers of trailer axles and suspension assemblies in India and one of the few players domestically with the competency to manufacture trailer axles and suspension assembly in-house.
+ Diversified product portfolio : Kross Limited is a diversified player involved in manufacturing and supply of wide range of forging and machined precision components and assemblies. Further, they are a specialist in manufacturing high precision safety critical components.
+ Integrated manufacturing operations : They operate five manufacturing facilities in Jamshedpur, Jharkhand which are equipped with capabilities
to design, develop and manufacture a diverse product portfolio.
- Customer concentration risk: Company's top five customers contributed a significant portion (more than 66.00% in each of the previous three Fiscals) of revenues. The loss of a major customer or reduction in demand for our products from any of their major customers may adversely affect the business.
- End-user industry risk: Demand for their products is linked to growth and trends in sales of vehicles by end customers. Decline in sales of customers may adversely affect the demand for company's products which in turn would adversely impact our business.
- Product concentration risk: Company derives a portion of revenue from the sale of trailer axle and suspension assemblies for medium and heavy commercial vehicles. Any reduction in demand for key products due to regulatory changes or changes in technologies including shift in renewable/green energy could have a adverse effect on business.
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