Slide 1: Regulation 30 filing cover letter to exchanges
08th February, 2025 To To The General Manager The General Manager Department of Corporate Services, Department of Corporate Services, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street, Fort Bandra Kurla Complex, Mumbai – 400 001 Bandra (East)
Slide 2: Kross Limited Investor Presentation – February 2025
Kross Limited Investor Presentation – February 2025
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Kross Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, an
Slide 4: Q3 & 9M FY25 Financial Highlights
Q3 & 9M FY25 Financial Highlights
Slide 5: Q3 & 9M FY25 - Management Commentary
Q3 & 9M FY25 - Management Commentary Commenting on the performance, Mr. Sudhir Rai – Chairman & Managing Director said: “Despite industry challenges, particularly the slowdown in infrastructure projects leading to subdued demand in the MHCV segment, we delivered a performance that outpaced the broad
Slide 6: Key Performance Highlights
Key Performance Highlights Key Highlights during the Quarter Ended December 2024 9MFY25 - Revenue contribution of 42.5% from Trailer Axles & Suspension business & 57.5% from Component business EBITDA Margins improved by 15 bps to ~12.5% in 9M FY25 as against ~12.4% in 9M FY24 Export sales is showing
Slide 7: Capex - Seamless Tube Plant
Capex - Seamless Tube Plant Key Highlights of the Project 1,20,000 tons proposed ~Rs. 167 Crores investment capacity addition required ~18 months proposed Mix of debt and internal capacity completion accruals proposed mode of timeline funding Project Rationale • Proposal for setting up Rs. 167 crore
Slide 8: 9M FY25 Financial Highlights
9M FY25 Financial Highlights Revenue (Rs. Crores) Total Revenue (Rs. Crores) EBITDA (Rs. Crores) (Trailer Axles & Suspension) 42.1% 42.5% 12.4% 12.5% 0% 437.2 435.4 +1% +0.8% 183.9 185.1 54.0 54.5 9MFY24 9MFY25 9MFY24 9MFY25 Revenue Profit After Tax (Rs. Crores) (Component Business) 57.9% 57.5% 6.5%
Slide 9: Q3 FY25 Financial Highlights
Q3 FY25 Financial Highlights Total Revenue (Rs. Crores) Q3 FY25 Revenue Split (%) EBITDA (Rs. Crores) (Trailer Axles & Suspension and Component Business) 14.0% 13.1% +1% 148.6 150.1 -5.0% 20.8 19.7 Q3FY24 Q3FY25 39.6% Profit After Tax (Rs. Crores) 60.4% 7.8% 9.1% +17% 11.6 13.6 Trailer Axles & Suspe
Slide 10: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs in Crores) Q3 FY25 Q3 FY24 Y-o-Y Q2 FY25 Q-o-Q 9MFY25 9MFY24 YoY Revenue from Operations 150.1 148.6 1.0% 139.0 7.9% 435.4 437.2 -0.4% Cost of Goods Sold 84.1 81.7 77.7 251.9 253.5 Gross Profit 65.9 67.0 -1.6% 61.4 7.4% 183.5 183.7 -0.1% Gross Profit Margin 43
Slide 11: Company Overview
Company Overview
Slide 12: About Us
About Us Strong Customer Relationships Robust Financials Revenue from Operations (INR Crores) 200+ Customers served in Over 3 decades Diversified Portfolio the last 3 Fiscals Of experience in the automotive of high performance and safety component manufacturing industry critical components for the M
Slide 13: Major Events and Milestones
Major Events and Milestones 1991 1997 2001 2006 Obtained the Certificate of Supplied first product, Diversified into tractor components and Started working with Ashok Incorporation joint cross to TECLO started working with TAFE Leyland by developing output Limited flanges 2019 2016 2014 2008 Develop
Slide 14: Core Competencies
Core Competencies
Slide 15: Core Competencies
Core Competencies One of the prominent manufacturers of trailer axles and suspension assemblies in India* Track record of sustained growth and robust Diversified product portfolio with a focus on financial performance in the last three continuous value addition financial years Experienced Promoters
Slide 16: Prominent Manufacturers of Trailer Axles and Suspension Assemblies
Prominent Manufacturers of Trailer Axles and Suspension Assemblies Leadership Revenue Contribution (%) One of the fastest growing player in the organised trailer axle manufacturing industry competing with major trailer axle manufacturers* 488.6 620.3 437.2 435.4 33.3% One of the few players domestic
Slide 17: Diversified Product Portfolio
Diversified Product Portfolio Evolution from a manufacturer of precision machined auto components to a systems manufacturer Product-wise Revenues from Operations 9M FY25 (%) 3.4% 9.0% 1.6% Trailer Axle Mechanical Suspension King Pin Assy Air Suspension Axle Shaft 42.5% 43.5% Bevel Gear Break Drum Sp
Slide 18: Long Standing Customer Relationships
Long Standing Customer Relationships FY24 Revenue Contribution – Top 5 clients (%) 34.0% Top 5 Clients Others 66.0% 9M FY25 Revenue Contribution – Top 5 clients (%) 38.3% Top 5 Clients Others 61.7% 17 The Brand Names mentioned are the property of their respective owners and are used here for identif
Slide 19: Strengthening Customer Relationships
Strengthening Customer Relationships Organised Free check up camps for Trailer axles Customer Meet – with Focus on strengthening customer relationships and launching new products 18
Slide 20: Complemented by a Diversified Network of Dealers
Complemented by a Diversified Network of Dealers Exclusive agreements with three dealers, for marketing and sale 01 of products across identified geographies Hoshiarpur Team also engages in various marketing activities at key locations Pantnagar 02 across the country to bring customer awareness abou
Slide 21: Key Products Manufacturing Capabilities
Key Products Manufacturing Capabilities FY24 Facility Product Installed capacity (No. of units) Production (No. of units) Capacity Utilization (%) Coupling Flanges 7,80,000 6,54,731 83.94% Unit 1 Differential Spiders 2,60,000 1,81,632 69.86% Unit 3 Axle Shafts 2,70,000 2,21,771 82.14% Trailer Axle &
Slide 22: Key Manufacturing Process
Key Manufacturing Process Key manufacturing processes for forged and machined components at manufacturing facilities: Raw Material Raw Material Cutting Induction Billet Receipt Metallurgical Inspection Heating Induction Machining Shot Blasting Heat Treatment Press / Upset Hardening (Normalising / Fo
Slide 23: Integrated Manufacturing Operations (1/2)
Integrated Manufacturing Operations (1/2) Die & Design Simulation Forging Casting Heat Treatment ● Equipped with VMCs to manufacture and ● Capacity to manufacture forged parts of up to ● Diversified from a forging and machining ● 4 furnaces for continuous hardening and design high-precision dies wit
Slide 24: Integrated Manufacturing Operations (2/2)
Integrated Manufacturing Operations (2/2) Design and new product development team aggregating to Comprehensive one-stop solutions to over 200 customers# 23 employees* in Jamshedpur, Jharkhand Ability to deliver high precision multi-purpose products Over three decades of experience in the auto compon
Slide 25: Experienced Board Members
Experienced Board Members Mr. Sudhir Rai Ms. Anita Rai Mr. Sumeet Rai Mr. Kunal Rai Chairman & MD Whole-time Director Whole-time Director Whole-time Director (Finance) and CFO ● Has been associated with Kross Limited since ● Associated with the company since ● Has over 9 years of experience in the ●
Slide 26: Key Strategies Going Forward
Key Strategies Going Forward ● Leverage the diverse product portfolio, customer acceptance in domestic markets and backward integrated manufacturing facilities to expand into international markets ● Gradually expanding international presence. Exports contributing to 3.4% of the revenue in 9M FY25. S
Slide 27: Historical Financial Highlights
Historical Financial Highlights
Slide 28: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs in Crores) 9MFY25 FY24 FY23 FY22 Revenue from Operations 435.4 620.3 488.6 297.5 Cost of Goods Sold 251.9 355.9 289.7 160.3 Gross Profit 183.5 264.3 198.9 137.2 Gross Profit Margin 42.1% 42.6% 40.7% 46.1% Employee Cost 25.0 30.4 26.5 20.2 Other Expenses 104.1
Slide 29: Consolidated Balance Sheet - Liabilities
Consolidated Balance Sheet - Liabilities Equity & Liabilities (Rs. in Crores) Sep - 24 Mar - 24 Mar-23 Mar-22 Total Equity 403.8 146.8 102.1 72.4 Share Capital 32.3 27.0 13.5 13.5 Other Equity 371.6 119.8 88.6 58.9 Non-Current Liabilities 19.5 33.9 37.3 33.3 Financial Liabilities i) Borrowings 7.0 2
Slide 30: Consolidated Balance Sheet – Assets
Consolidated Balance Sheet – Assets Assets (Rs. in Crores) Sep - 24 Mar - 24 Mar-23 Mar-22 Non - Current Assets 121.3 117.8 99.1 84.4 Property Plant & Equipment 105.7 105.1 89.1 75.8 Capital work-in-progress 9.5 5.4 - - Right of use assets 1.4 0.8 0.1 - Other intangible assets 0.1 0.1 0.0 0.0 Financ
Slide 31: Cash Flow Statement
Cash Flow Statement Particulars (Rs. in Crores) Sep-24 Mar-24 Mar-23 Mar-22 Profit Before Tax 24.5 61.3 41.7 16.3 Adjustments for: Non -Cash Items / Other Investment or Financial Items 11.0 20.3 16.5 13.7 Operating profit before working capital changes 35.5 81.6 58.2 30.0 Changes in working capital
Slide 32: Annexure
Annexure
Slide 33: Recent Awards & Accolades
Recent Awards & Accolades 2024 2023 2021 Recognised as a Super 8 Supplier by Silver Award in Best Performance in Durafit Range best vendor award for demand Ashok Leyland in their FY25 Supplier Business Alignment by Ashok Leyland fulfilment east (2020-21) by Tata Genuine Parts Samrat Annual Regional
Slide 34: Corporate Social Responsibility
Corporate Social Responsibility Masti Ki Pathshala – An initiative by Kross Limited in collaboration with Tata Steel Foundation 33
Slide 35: IPO Listing
IPO Listing September 2024 ● Listing date: 16th September 2024 ● Total IPO size Rs. 500 Crores of which Fresh issue was Rs. 250 Crs. ● Utilisation of IPO proceeds: ● Debt reduction ● Purchase of machinery & equipment ● Working capital requirement ● General corporate purposes. Listing of Kross Limite
Slide 36: Contact Information
Contact Information Company : Kross Limited CIN: U29100JH1991PLC004465 Ms. Debolina Karmakar E: investors@krossindia.com T: +91 06572203812 www.krosslimited.com Investor Relations Advisor : Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285 Mr. Abhishek Shah / Ms. Neha Shroff E: abhishek