Slide 1: Regulation 30 filing cover letter to stock exchanges
12th November, 2024 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 – November 2024
Kross Limited Investor Presentation – November 2024
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: Q2 & H1 FY25 Financial Highlights
Q2 & H1 FY25 Financial Highlights
Slide 5: Q2 & H1 FY25 - Management Commentary
Q2 & H1 FY25 - Management Commentary Commenting on the performance, Mr. Sudhir Rai – Chairman & Managing Director said: “Our performance for H1FY25 remained stable compared to the same period last year, reflecting a resilient business model amid a dynamic market environment in the MHCV and Tractor i
Slide 6: Key Performance Highlights
Key Performance Highlights Key Highlights during the Quarter & Half Year Ended September 2024 H1FY25 - Revenue contribution of 45.2% from Trailer Axles & Suspension business & 54.8% from Component business EBITDA Margins improved by 64 bps to ~12.2% in H1 FY25 as against ~11.5% in H1 FY24 Export sal
Slide 7: H1 FY25 Financial Highlights
H1 FY25 Financial Highlights Revenue (Rs. Crores) Revenue (Rs. Crores) Total Revenue (Rs. Crores) EBITDA (Rs. Crores) (Trailer Axles & Suspension) (Component Business) 41.6% 45.2% 58.4% 54.8% 11.5% 12.2% -1% 288.6 285.4 +7% -7% +4% 120.0 128.9 168.6 156.5 33.3 34.7 H1FY24 H1FY25 H1FY24 H1FY25 H1FY24
Slide 8: Q2 FY25 Financial Highlights
Q2 FY25 Financial Highlights Revenue (Rs. Crores) Total Revenue (Rs. Crores) EBITDA (Rs. Crores) (Trailer Axles & Suspension) 39.4% 45.1% 12.5% 13.1% -4% 144.9 +10% +0.4% 139.0 57.1 62.7 18.1 18.2 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Revenue Profit After Tax (Rs. Crores) (Component Business) 60.6% 54.9% 6.0%
Slide 9: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs in Crores) Q2 FY25 Q2 FY24 Y-o-Y Q1 FY25 Q-o-Q H1FY25 H1FY24 YoY Revenue from Operations 139.0 144.9 -4.1% 146.4 -5.0% 285.4 288.6 -1.1% Cost of Goods Sold 77.7 82.7 90.1 167.8 171.9 Gross Profit 61.4 62.2 -1.4% 56.3 9.0% 117.6 116.7 0.8% Gross Profit Margin 4
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (Rs. in Crores) Sep - 24 Mar – 24 Equity & Liabilities (Rs. in Crores) Sep - 24 Mar - 24 Non - Current Assets 121.3 117.8 Total Equity 403.8 146.8 Property Plant & Equipment 105.7 105.1 Share Capital 32.3 27.0 Capital work-in-progress 9.5 5.4 Other Equity 371.6 119.
Slide 11: Cash Flow Statement
Cash Flow Statement Particulars (Rs. in Crores) Sep-24 Mar-24 Profit Before Tax 24.5 61.3 Adjustments for: Non -Cash Items / Other Investment or Financial Items 11.0 20.3 Operating profit before working capital changes 35.5 81.6 Changes in working capital -14.1 -63.0 Cash generated from Operations 2
Slide 12: Company Overview
Company Overview
Slide 13: 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 14: 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 15: Core Competencies
Core Competencies
Slide 16: 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 17: 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 488.6 620.3 288.6 285.4 industry competing with major trailer axle manufacturers* 33.3% 43.4% 41.6% One of the few play
Slide 18: Diversified Product Portfolio
Diversified Product Portfolio Evolution from a manufacturer of precision machined auto components to a systems manufacturer Product-wise Revenues from Operations H1 FY25 (%) 3.1% 9.2% 1.8% Trailer Axle Mechanical Suspension King Pin Assy Air Suspension Axle Shaft 45.2% 40.7% Bevel Gear Break Drum Sp
Slide 19: Long Standing Client Relationships
Long Standing Client Relationships FY24 Revenue Contribution – Top 5 clients (%) 34.0% Top 5 Clients Others 66.0% H1 FY25 Revenue Contribution – Top 5 clients (%) 38.6% Top 5 Clients 61.4% Others 18 The Brand Names mentioned are the property of their respective owners and are used here for identific
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# 22 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 3.1% of the revenue in H1 FY25. S
Slide 27: Historical Financial Highlights
Historical Financial Highlights
Slide 28: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs in Crores) H1FY25 FY24 FY23 FY22 Revenue from Operations 285.4 620.3 488.6 297.5 Cost of Goods Sold 167.8 355.9 289.7 160.3 Gross Profit 117.6 264.3 198.9 137.2 Gross Profit Margin 41.2% 42.6% 40.7% 46.1% Employee Cost 15.2 30.4 26.5 20.2 Other Expenses 67.7 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 2023 2021 2015 Silver Award in Best Performance in Durafit Range best vendor award for demand Best supplier of the year award for Business Alignment by Ashok Leyland fulfilment east (2020-21) by Tata Genuine Parts outstanding efforts in delivery, quality at the Vendor Impac
Slide 34: 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 35: 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