Escorts Ltd.

NSE: ESCORTS BSE: 500495 SECTOR: Automobiles-Tractors  52k   735   113

1463.30
-13.50 (-0.91%)
NSE: 22 Oct 03:51 PM

Price Summary

Today's High

₹ 1510.35

Today's Low

₹ 1452.5

52 Week High

₹ 1571.9

52 Week Low

₹ 1100

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

19730.34 Cr.

Enterprise Value

18411.12 Cr.

No. of Shares

13.48 Cr.

P/E

20.61

P/B

3.8

Face Value

₹ 10

Div. Yield

0.52 %

Book Value (TTM)

₹  385.35

CASH

1321.76 Cr.

DEBT

2.54 Cr.

Promoter Holding

36.59 %

EPS (TTM)

₹  70.99

Sales Growth

20.73%

ROE

21.49 %

ROCE

28.63%

Profit Growth

84.51 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Brands

These are the brands of Escorts Ltd.

FARMTRAC POWERTRAC

Index Presence

The company is present in 19 Indices.

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year20.73%
3 Year11.46%
5 Year14.69%

Profit Growth

1 Year84.51%
3 Year36.03%
5 Year65.55%

ROE%

1 Year21.49%
3 Year19.14%
5 Year16.79%

ROCE %

1 Year28.63%
3 Year25.97%
5 Year23.16%

Debt/Equity

0.0005

Price to Cash Flow

17.44

Interest Cover Ratio

87.6206896551724

CFO/PAT (5 Yr. Avg.)

1.06851387361383

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2021 36.59 0
Jun 2021 36.59 0
Mar 2021 36.59 0
Dec 2020 36.59 0
Sep 2020 36.59 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 36.027974515047% for the Past 3 years.
  • The company has significantly decreased its debt by 17.41 Cr.
  • Company has been maintaining healthy ROCE of 25.973812193299% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 87.6206896551724.
  • Company’s PEG ratio is 0.304167562894051.
  • The company has an efficient Cash Conversion Cycle of 1.88781272590049 days.
  • Company has a healthy liquidity position with current ratio of 2.73386663834959.
  • The company has a good cash flow management; CFO/PAT stands at 1.06851387361383.

 Limitations

  • The company has shown a poor revenue growth of 11.4631086481458% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Net Sales 1089.26 1654.18 2042.23 2228.75 1701.79
Total Expenditure 967.28 1356.12 1679.34 1884.92 1465.39
Operating Profit 121.98 298.06 362.89 343.83 236.4
Other Income 30.59 39.19 48.7 41.9 48.82
Interest 2.41 3.77 3.94 3.22 3.48
Depreciation 27.08 28 32.12 31.08 31.95
Exceptional Items 0 0 0 0 0
Profit Before Tax 123.08 305.48 375.53 351.43 249.79
Tax 29.05 77.25 96.07 80.78 60.95
Profit After Tax 94.03 228.23 279.46 270.65 188.84
Adjustments -1.57 -1.36 7.25 -5.23 -10.65
Consolidated Net Profit 92.46 226.87 286.71 265.42 178.19
Adjusted EPS (Rs) 7.54 16.83 21.26 19.69 13.22

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Net Sales 4199.24 5065.22 6264.84 5810.09 7014.42
Total Expenditure 3938.61 4531.21 5559.51 5147.69 5891.63
Operating Profit 260.63 534.01 705.33 662.4 1122.79
Other Income 78.41 84.54 111.53 97.6 164.35
Interest 32.21 29.49 19.54 17.23 13.34
Depreciation 63.42 73.22 87.21 107.22 118.28
Exceptional Items -53.16 -6.76 5.56 -9.22 0
Profit Before Tax 190.25 509.08 715.67 626.33 1155.52
Tax 59.5 162.49 237.77 153.53 283.15
Profit After Tax 130.75 346.59 477.9 472.8 872.37
Adjustments 0.52 0.43 1.03 -0.55 -0.91
Consolidated Net Profit 131.27 347.02 478.93 472.25 871.46
Adjusted EPS (Rs.) 10.71 28.31 39.07 38.53 64.63

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 122.58 122.58 122.58 122.58 134.83
Total Reserves 1498.35 2092.56 2550.91 2994.82 4891.3
Minority Interest 1.74 -0.4 5.64 5.1 -0.91
Borrowings 58.59 14.71 3.53 2.69 1.72
Other N/C liabilities -0.65 59 105.63 113.31 156.14
Current liabilities 1467.11 1684.08 1918.68 1775.46 1695.09
Total Liabilities 3147.72 3972.53 4706.97 5013.96 6878.17
Assets
Net Block 1557.76 1564.57 1624.14 1679.47 1726.37
Capital WIP 26.56 48.45 56.55 104.42 41.2
Intangible WIP 8.14 17.27 23.41 20.24 23.49
Investments 62.37 73.53 110.21 169.39 342.81
Loans & Advances 24 105.9 116.25 122.46 97.58
Other N/C Assets 8.63 9.96 6.45 7.05 12.57
Current Assets 1460.26 2152.85 2769.96 2910.93 4634.15
Total Assets 3147.72 3972.53 4706.97 5013.96 6878.17
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Profit from operations 190.25 509.08 715.67 625.25 1154.78
Adjustment 102.43 71.18 11.47 19.5 -45.63
Changes in Assets & Liabilities 54.83 -18.13 -744.86 327.21 274.8
Tax Paid -43.68 -102.05 -216.59 -174.8 -252.69
Operating Cash Flow 303.83 460.08 -234.31 797.16 1131.26
Investing Cash Flow -154.61 -374.18 -17.66 -420.87 -2197.75
Financing Cash Flow -113.12 -0.99 190.89 -300.45 1003.34
Net Cash Flow 36.1 84.91 -61.08 75.84 -63.15

Corporate Actions

Investors Details

PARTICULARS Sep 2020% Dec 2020% Mar 2021% Jun 2021% Sep 2021%
Promoters 36.59 36.59 36.59 36.59 36.59
escorts benefit an... 24.99 24.99 24.99 24.99 24.99
escorts benefit an... - - - - -
har parshad and co... - - - - -
har parshad and co... - - 7.96 7.96 7.96
har parshad and co... 7.96 7.96 - - -
big apple clothing... 1.31 1.31 1.31 1.31 1.31
aaa portfolios pri... 1.25 1.25 1.25 1.25 1.25
nikhil nanda 0.89 0.89 0.89 0.89 0.89
nitasha nanda 0.14 0.14 0.14 0.14 0.14
navya naveli nanda 0.01 0.01 0.01 0.01 0.01
shweta nanda 0.01 0.01 0.01 0.01 0.01
agastya nanda 0.01 0.01 0.01 0.01 0.01
PARTICULARS Sep 2020% Dec 2020% Mar 2021% Jun 2021% Sep 2021%
Investors 63.41 63.41 63.41 63.41 63.41
kubota corporation 9.09 9.09 9.09 9.09 9.09
jhunjhunwala rakes... - - 4.75 - -
jhunjhunwala rakes... - - 4.75 - -
rakesh jhunjhunwala 5.64 - - - -
rakesh jhunjhunwa... - 4.75 - 4.75 4.75
uti - long term eq... 2.69 1.81 1.72 - 1.69
t. rowe price inte... 2.21 2.06 1.99 1.99 1.99
schroder internati... - - - - 1.91
qualified institut... - - 0.99 0.71 -
uti small cap fund - - - 1.70 -
tata mutual fund- ... - - - - -
qualified institut... 1.49 0.75 - - -
tata india consume... 1.04 - - - -
pioneer investment... - - - 1.37 1.02
sbi life insurance... 1.18 - - - -
stichting deposita... - - 1.13 - -
societe generale - - - - -
abu dhabi investme... - - - - -
hdfc life insuranc... - - - - 1.07
bnp paribas arbitr... - - - 1.04 -
iepf 0.41 0.44 0.46 0.46 0.46

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Escorts informs about compliance certificate16 Oct 2021, 10:53AM Escorts’ Agri Machinery Segment registers 26% fall in September sales1 Oct 2021, 9:27AM Escorts signs MoU with IndusInd Bank 14 Sep 2021, 10:35AM Escorts informs about press release14 Sep 2021, 9:54AM Escorts aiming double-digit growth in tractor sales in 2021-22 13 Sep 2021, 11:48AM Escorts transfers leasehold rights of Pant Nagar plant1 Sep 2021, 11:35AM Escorts informs about company announcement1 Sep 2021, 10:08AM Escorts’ Agri Machinery Segment registers 21.7% fall in August sales 1 Sep 2021, 9:56AM Escorts informs about analyst meet27 Aug 2021, 12:37PM Escorts informs about audio recording & transcript of earning call6 Aug 2021, 10:42AM Escorts reports 93% rise in Q1 consolidated net profit5 Aug 2021, 5:11PM Escorts informs about voting results29 Jul 2021, 3:36PM Escorts’ Agri Machinery Segment registers 15.5% rise in June sales1 Jul 2021, 9:49AM Escorts to increase prices of tractors28 Jun 2021, 2:03PM Escorts informs about newspaper publication24 Jun 2021, 11:43AM Escorts informs about investor meet9 Jun 2021, 11:23AM Escorts informs about investor presentation7 Jun 2021, 12:36PM Escorts informs about announcement1 Jun 2021, 10:11AM Escorts’ Agri Machinery Segment registers 2.6% fall in May sales1 Jun 2021, 9:51AM Escorts informs about conference call15 May 2021, 3:22PM Escorts informs about earning presentation14 May 2021, 5:21PM Escorts reports 2- fold jump in Q4 consolidated net profit14 May 2021, 4:40PM Escorts’ Agri Machinery Segment sells 6,979 tractors in April 20211 May 2021, 12:01PM Escorts to temporarily shut down manufacturing operations30 Apr 2021, 9:26AM Escorts informs about company announcement5 Apr 2021, 10:17AM Escorts informs about meet5 Apr 2021, 10:15AM Escorts’ Agri Machinery Segment registers 127% rise in March sales1 Apr 2021, 9:48AM Escorts’ Agri Machinery Segment to increase prices of tractors24 Mar 2021, 3:46PM Escorts’ Agri Machinery Segment sells 1,00,000 tractors in ongoing fiscal year18 Mar 2021, 11:31AM Escorts informs about company announcement18 Mar 2021, 10:31AM Escorts informs about company announcement1 Mar 2021, 10:27AM Escorts’ Agri Machinery Segment registers 31% rise in February sales1 Mar 2021, 9:39AM Escorts informs about board meeting25 Feb 2021, 1:23PM CRISIL upgrades Escorts’ long-term rating to ‘AA’ 19 Feb 2021, 11:11AM Escorts informs about credit rating19 Feb 2021, 10:18AM Escorts informs about investor meet 8 Feb 2021, 11:21AM Escorts reports 85% rise in Q3 consolidated net profit2 Feb 2021, 4:57PM Escorts informs about press release2 Feb 2021, 3:53PM Escorts informs about company announcement1 Feb 2021, 10:44AM Escorts’ Agri Machinery Segment registers 49% rise in January sales1 Feb 2021, 9:36AM Escorts’ EAM gets Budni Certification for Electric Tractor 19 Jan 2021, 10:24AM Escorts informs about company announcement1 Jan 2021, 10:52AM Escorts’ Agri Machinery Segment registers 88% rise in December sales1 Jan 2021, 10:15AM Escorts informs about business updates1 Dec 2020, 10:23AM Escorts’ Agri Machinery Segment registers 33% rise in November sales1 Dec 2020, 9:40AM Escorts planning to increase overall tractor production capacity to 1.8 lakh units annually17 Nov 2020, 9:24AM Escorts reports 2- fold jump in Q2 consolidated net profit3 Nov 2020, 10:30AM Escorts informs about outcome of board meeting2 Nov 2020, 3:50PM Escorts’ Agri Machinery Segment registers 2.3% rise in October sales2 Nov 2020, 9:43AM Escorts informs about credit rating30 Oct 2020, 4:36PM

Escorts Stock Price Analysis and Quick Research Report. Is Escorts 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 Escorts is performing and if it is the right time to buy the stock of Escorts with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, Escorts has reported outstanding sales growth of 20.7282503369139 % and in the latest quarter sales was Rs 1701.79 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 8.75970328188221 times for Escorts . It is managing its inventory poorly
     
  • The company reported Profit growth of 84.511421319797 % over the year, where the latest year profit is Rs 872.37 Cr compared to the previous year of Rs 472.8 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of the company in the latest quarter is Rs 236.4 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Escorts has a healthy ROE of 21.4942252610182 %. 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. Escorts has a low Debt to Equity ratio of 0.0005.
     
  • Escorts pays a dividend of 7.5 Rs per share. It tells us that a company dislikes to share profits with its shareholders. The dividend yield is low at 0.5126 %.
     
  • The share of promoter in the company is low at 36.59 %, 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 Escorts is 20.6127623608959 compared to the 5 year average PE of 27.3546757142085 .
Brief about Escorts

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