Kross Stock Price Analysis and Quick Research Report. Is Kross an attractive stock to invest in?

The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how Kross is performing and if it is the right time to buy the stock of Kross with detailed analysis.

• The mainstream of revenue for Auto Sector is their sales, Kross has reported outstanding sales growth of 26.9371 % and in the latest quarter sales was Rs 139.355 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 8.5133 times for Kross . It is managing its inventory poorly .
   
• Kross reported Profit growth of 45.1004 % over the year, where the latest year profit is Rs 44.881 Cr compared to the previous year of Rs 30.931 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
   
• The operating profit of Kross in the latest quarter is Rs 16.168 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
   
• Kross has a healthy ROE of 36.0619 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Kross has a low Debt to Equity ratio of 0.7965.
   
• Kross pays a dividend of 0 Rs per share. It tells us that a company dislikes to share profits with its shareholders. The dividend yield is low at 0 %.
   
• The share of promoter in Kross is high at 68.23 %, where the pledging is 0 %.
   
• What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Kross is 21.464930340655 compared to the 5 year average PE of 0 .
   
• Share Price: - The current share price of Kross is Rs 169.94. One can use valuation calculators of ticker to know if Kross share price is undervalued or overvalued.