Escorts Kubota Ltd
Escorts Ltd. is one of India’s leading engineering conglomerates engaged in the manufacturing of Agri-machinery, Construction & Material Handling Equipment and Railway Equipment. [1]
- Market Cap ₹ 38,566 Cr.
- Current Price ₹ 3,447
- High / Low ₹ 4,422 / 2,647
- Stock P/E 33.6
- Book Value ₹ 882
- Dividend Yield 0.52 %
- ROCE 15.7 %
- ROE 11.7 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 3.92 times its book value
- The company has delivered a poor sales growth of 7.21% over past five years.
- Company has a low return on equity of 10.4% over last 3 years.
- Earnings include an other income of Rs.427 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Automobile Industry: Automobiles - Tractors
Part of Nifty 500 Nifty LargeMidcap 250 Nifty 500 Multicap 50:25:25 Nifty 200 BSE Allcap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Sep 2012 | Mar 2014 18m | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3,894 | 6,292 | 3,986 | 3,367 | 4,093 | 4,995 | 6,196 | 5,761 | 6,929 | 7,197 | 8,345 | 8,777 | 9,680 | |
3,712 | 5,910 | 3,824 | 3,190 | 3,809 | 4,438 | 5,463 | 5,085 | 5,800 | 6,201 | 7,565 | 7,608 | 8,464 | |
Operating Profit | 182 | 381 | 161 | 177 | 284 | 557 | 733 | 676 | 1,129 | 996 | 780 | 1,169 | 1,216 |
OPM % | 5% | 6% | 4% | 5% | 7% | 11% | 12% | 12% | 16% | 14% | 9% | 13% | 13% |
51 | 85 | 30 | 27 | 46 | 53 | 93 | 83 | 155 | 169 | 183 | 398 | 427 | |
Interest | 96 | 111 | 57 | 50 | 31 | 29 | 18 | 15 | 11 | 13 | 10 | 11 | 25 |
Depreciation | 48 | 83 | 66 | 58 | 63 | 72 | 85 | 105 | 116 | 130 | 148 | 166 | 211 |
Profit before tax | 88 | 272 | 68 | 96 | 236 | 509 | 722 | 639 | 1,157 | 1,022 | 805 | 1,390 | 1,406 |
Tax % | 21% | 10% | -9% | 13% | 32% | 32% | 33% | 24% | 24% | 25% | 25% | 25% | |
70 | 245 | 75 | 84 | 160 | 345 | 485 | 486 | 874 | 766 | 607 | 1,037 | 1,150 | |
EPS in Rs | 6.59 | 19.98 | 6.09 | 6.83 | 13.09 | 28.12 | 39.56 | 39.61 | 64.82 | 58.03 | 46.00 | 93.86 | 103.67 |
Dividend Payout % | 21% | 9% | 19% | 18% | 11% | 7% | 6% | 6% | 12% | 12% | 15% | 19% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 7% |
3 Years: | 8% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 16% |
5 Years: | 17% |
3 Years: | 6% |
TTM: | 30% |
Stock Price CAGR | |
---|---|
10 Years: | 38% |
5 Years: | 40% |
3 Years: | 25% |
1 Year: | 9% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 12% |
3 Years: | 10% |
Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Sep 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 119 | 119 | 119 | 123 | 123 | 123 | 123 | 123 | 135 | 132 | 132 | 110 | 112 |
Reserves | 1,495 | 1,712 | 1,677 | 1,715 | 1,869 | 2,426 | 2,900 | 3,358 | 5,257 | 7,746 | 8,303 | 9,103 | 9,757 |
553 | 436 | 481 | 360 | 263 | 50 | 277 | 34 | 58 | 52 | 57 | 49 | 94 | |
1,306 | 1,261 | 1,170 | 1,094 | 1,259 | 1,671 | 1,697 | 1,798 | 1,754 | 1,442 | 1,816 | 2,022 | 2,721 | |
Total Liabilities | 3,473 | 3,528 | 3,448 | 3,292 | 3,513 | 4,269 | 4,997 | 5,312 | 7,203 | 9,372 | 10,308 | 11,285 | 12,683 |
1,586 | 1,643 | 1,583 | 1,559 | 1,578 | 1,581 | 1,630 | 1,688 | 1,783 | 1,832 | 1,888 | 1,868 | 2,215 | |
CWIP | 66 | 37 | 55 | 58 | 35 | 64 | 76 | 124 | 64 | 88 | 114 | 152 | 132 |
Investments | 386 | 382 | 383 | 416 | 587 | 894 | 857 | 1,166 | 2,305 | 5,133 | 5,031 | 5,283 | 4,997 |
1,435 | 1,467 | 1,426 | 1,259 | 1,313 | 1,730 | 2,433 | 2,333 | 3,051 | 2,318 | 3,276 | 3,983 | 5,340 | |
Total Assets | 3,473 | 3,528 | 3,448 | 3,292 | 3,513 | 4,269 | 4,997 | 5,312 | 7,203 | 9,372 | 10,308 | 11,285 | 12,683 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Sep 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
60 | 347 | 2 | 222 | 301 | 472 | -241 | 817 | 1,119 | 41 | 236 | 1,038 | |
-108 | -62 | 19 | -25 | -140 | -378 | -14 | -429 | -2,197 | -1,871 | -68 | -933 | |
-25 | -236 | -11 | -195 | -138 | 0 | 192 | -308 | 1,014 | 1,813 | -70 | -80 | |
Net Cash Flow | -73 | 49 | 10 | 1 | 23 | 94 | -63 | 79 | -64 | -18 | 99 | 25 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Sep 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 43 | 20 | 36 | 42 | 41 | 44 | 55 | 48 | 37 | 42 | 53 | 50 |
Inventory Days | 69 | 47 | 61 | 66 | 56 | 59 | 71 | 79 | 54 | 59 | 70 | 70 |
Days Payable | 109 | 67 | 90 | 115 | 117 | 133 | 104 | 121 | 94 | 65 | 74 | 72 |
Cash Conversion Cycle | 3 | 1 | 8 | -7 | -20 | -30 | 21 | 6 | -4 | 36 | 48 | 48 |
Working Capital Days | -3 | 1 | 8 | -14 | -22 | -25 | 29 | 11 | -3 | 31 | 40 | 31 |
ROCE % | 8% | 17% | 7% | 8% | 12% | 22% | 25% | 19% | 26% | 15% | 11% | 16% |
Documents
Announcements
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Disclosure Under Regulation 30 Of SEBI Listing Regulations, 2015
16 Nov - Tax demand reduced to NIL; appeal against interest and penalty.
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
14 Nov - Intimation of loss of 3,103 share certificates.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 14 Nov
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
13 Nov - Earnings call transcript for Q2 and H1 FY '25.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 12 Nov
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Concalls
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Nov 2024Transcript PPT
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Nov 2020Transcript PPT
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Nov 2019Transcript PPT
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Dec 2018TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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Oct 2017TranscriptPPT
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Jul 2017Transcript PPT
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May 2017Transcript PPT
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Nov 2016TranscriptNotesPPT
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Jul 2016TranscriptNotesPPT
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May 2016Transcript PPT
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Feb 2016Transcript PPT
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Business Segments
1) Agri Machinery (70% in FY24 vs ~76% in FY23): [1] Products include Tractors, Engines, implements, Spare parts, and Lubes.
2) Construction Equipment (19% in FY24 vs ~14% in FY23): Trades in Material handling, Road compaction, and Earth Moving Equipment.
3) Railway Equipment (11% in FY24 vs 10% in FY23): Manufactures Brake System, Couplers, Suspension System, Friction & rubber Products. [2]