Motilal Oswal has a neutral reputation with a price target of Rs 1470. The current market price of Escorts Ltd. is Rs 1392.5.
Escorts Ltd., founded in 1944, is a mid-cap company (with a market capitalization of Rs.18,701.55) operating in the automotive sector.
For the quarter ended December 31, 2020, the company reported consolidated revenue of Rs 2042.23 crore, up 23.46% over the previous quarter. Sales of Rs 1654.18 crore and an increase of 23.76% over the same quarter last year. Revenue of Rs 1650.22 crore Company reported net income after tax of Rs 279.46 crore for the most recent quarter.
Reviews at 14.5x / 13.6x GJ22 / GJ23E console. The EPS largely reflects the strong growth and the Kubota partnership as it trades on LPA at a good 10% premium.
Promoter / FII Holdings
As of December 30, 2020, the promoters owned 36.6 percent of the company, while the FIIs held 26 percent, the DIIs 7.1 percent, and the public and others 30.3 percent.