Escorts Ltd., incorporated in the year 1944, is a Mid Cap company (having a market cap of Rs 18701.55 Crore) operating in Auto sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 2042.23 Crore, up 23.46 % from last quarter Sales of Rs 1654.18 Crore and up 23.76 % from last year same quarter Sales of Rs 1650.22 Crore Company reported net profit after tax of Rs 279.46 Crore in latest quarter.
Investment Rationale
Valuations at 14.5x/13.6x FY22/FY23E consol. EPS largely reflect strong growth and the Kubota partnership – as it is trading at a good premium of 10% to LPA.
Promoter/FII Holdings
Promoters held 36.6 per cent stake in the company as of Dec 30, 2020, while FIIs held 26 per cent, DIIs 7.1 per cent and public and others 30.3 per cent.
