Time period given by analyst is one year when Escorts Ltd. price can reach defined target.
Escorts Ltd., incorporated in the year 1944, is a Mid Cap company (having a market cap of Rs 17478.60 Crore) operating in Auto sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1750.61 Crore, down -22.90 % from last quarter Total Income of Rs 2270.65 Crore and up 56.33 % from last year same quarter Total Income of Rs 1119.85 Crore. Company reported net profit after tax of Rs 188.84 Crore in latest quarter.
Investment Rationale
Escorts is a prominent tractor player domestically with market share of 11.3% as on FY21. Considering record food-grain procurement by government agencies as well expectations of good Kharif crop in 2021, the brokerage expects the tractor industry will continue to outperform the larger automobile space in FY22 with Escorts being a key beneficiary.
Promoter/FII Holdings
Promoters held 36.6 per cent stake in the company as of June 30, 2021, while FIIs held 21.3 per cent, DIIs 5.6 per cent and public and others 36.5 per cent.
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