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 ₹ 35,919 Cr.
- Current Price ₹ 3,251
- High / Low ₹ 3,440 / 1,933
- Stock P/E 35.4
- Book Value ₹ 781
- Dividend Yield 0.22 %
- ROCE 11.3 %
- ROE 8.56 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of 10.8% over past five years.
- Company has a low return on equity of 12.4% over last 3 years.
- Earnings include an other income of Rs.390 Cr.
- Dividend payout has been low at 12.9% of profits over last 3 years
- Debtor days have increased from 41.7 to 51.1 days.
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Sep 2011 | Sep 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
4,101 | 4,049 | 6,502 | 4,113 | 3,432 | 4,145 | 5,059 | 6,262 | 5,810 | 7,014 | 7,283 | 8,429 | 8,971 | |
3,817 | 3,860 | 6,115 | 4,039 | 3,271 | 3,878 | 4,506 | 5,539 | 5,149 | 5,888 | 6,317 | 7,659 | 7,840 | |
Operating Profit | 284 | 190 | 387 | 73 | 161 | 268 | 553 | 723 | 661 | 1,126 | 966 | 770 | 1,130 |
OPM % | 7% | 5% | 6% | 2% | 5% | 6% | 11% | 12% | 11% | 16% | 13% | 9% | 13% |
-55 | 50 | 87 | 124 | 31 | 36 | 58 | 99 | 88 | 160 | 174 | 228 | 390 | |
Interest | 71 | 97 | 112 | 58 | 51 | 32 | 29 | 20 | 17 | 13 | 15 | 13 | 13 |
Depreciation | 48 | 50 | 86 | 69 | 58 | 63 | 73 | 87 | 107 | 118 | 132 | 150 | 161 |
Profit before tax | 110 | 92 | 275 | 70 | 82 | 208 | 509 | 715 | 625 | 1,155 | 993 | 835 | 1,346 |
Tax % | -14% | 20% | 10% | -8% | 15% | 37% | 32% | 33% | 25% | 25% | 26% | 24% | |
125 | 73 | 247 | 76 | 70 | 131 | 347 | 478 | 472 | 872 | 736 | 637 | 1,014 | |
EPS in Rs | 11.97 | 6.99 | 20.13 | 6.23 | 5.76 | 10.71 | 28.31 | 39.07 | 38.53 | 64.63 | 55.82 | 48.26 | 88.56 |
Dividend Payout % | 13% | 19% | 9% | 19% | 21% | 14% | 7% | 6% | 6% | 12% | 13% | 14% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 11% |
3 Years: | 13% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | 25% |
5 Years: | 14% |
3 Years: | 12% |
TTM: | 57% |
Stock Price CAGR | |
---|---|
10 Years: | 39% |
5 Years: | 35% |
3 Years: | 42% |
1 Year: | 68% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 14% |
3 Years: | 12% |
Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Sep 2011 | Sep 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 92 | 119 | 119 | 119 | 123 | 123 | 123 | 123 | 123 | 135 | 132 | 132 | 110 |
Reserves | 1,692 | 1,526 | 1,746 | 1,711 | 1,344 | 1,498 | 2,093 | 2,551 | 2,995 | 4,891 | 7,468 | 8,055 | 8,521 |
486 | 554 | 438 | 484 | 368 | 265 | 51 | 281 | 48 | 61 | 52 | 57 | 53 | |
1,235 | 1,357 | 1,332 | 1,235 | 1,134 | 1,313 | 1,706 | 1,753 | 1,849 | 1,791 | 1,456 | 1,841 | 1,961 | |
Total Liabilities | 3,505 | 3,556 | 3,636 | 3,550 | 2,968 | 3,199 | 3,973 | 4,707 | 5,014 | 6,878 | 9,108 | 10,085 | 10,645 |
1,620 | 1,595 | 1,654 | 1,596 | 1,539 | 1,581 | 1,588 | 1,647 | 1,702 | 1,796 | 1,841 | 1,891 | 1,921 | |
CWIP | 48 | 67 | 39 | 56 | 58 | 35 | 66 | 80 | 125 | 65 | 88 | 114 | 58 |
Investments | 112 | 373 | 372 | 373 | 64 | 212 | 549 | 491 | 797 | 1,938 | 4,836 | 4,767 | 5,169 |
1,725 | 1,522 | 1,572 | 1,526 | 1,307 | 1,371 | 1,770 | 2,489 | 2,390 | 3,079 | 2,343 | 3,313 | 3,497 | |
Total Assets | 3,505 | 3,556 | 3,636 | 3,550 | 2,968 | 3,199 | 3,973 | 4,707 | 5,014 | 6,878 | 9,108 | 10,085 | 10,645 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Sep 2011 | Sep 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
208 | 58 | 343 | -10 | 212 | 304 | 460 | -234 | 797 | 1,129 | 32 | 224 | |
-109 | -130 | -70 | 17 | -44 | -155 | -374 | -18 | -421 | -2,195 | -1,856 | -62 | |
9 | -28 | -230 | 1 | -191 | -113 | -1 | 191 | -300 | 1,003 | 1,810 | -71 | |
Net Cash Flow | 107 | -100 | 43 | 8 | -23 | 36 | 85 | -61 | 76 | -63 | -14 | 91 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Sep 2011 | Sep 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 48 | 43 | 21 | 37 | 40 | 40 | 43 | 54 | 46 | 34 | 40 | 51 |
Inventory Days | 61 | 70 | 49 | 64 | 70 | 58 | 61 | 73 | 84 | 56 | 62 | 73 |
Days Payable | 111 | 109 | 68 | 92 | 115 | 117 | 132 | 107 | 123 | 94 | 66 | 75 |
Cash Conversion Cycle | -2 | 4 | 2 | 9 | -5 | -19 | -29 | 21 | 7 | -3 | 36 | 49 |
Working Capital Days | 5 | -1 | 2 | 10 | -15 | -25 | -26 | 28 | 11 | -4 | 31 | 40 |
ROCE % | 8% | 8% | 17% | 7% | 8% | 13% | 26% | 28% | 21% | 28% | 16% | 11% |
Documents
Announcements
- Certificate Under Regulation 40(9) Of SEBI Listing Regulations, 2015 9h
- Compliance Certificate Under Regulation 7(3) Of SEBI Listing Regulations, 2015 9h
- Disclosure Under Regulation 30 Of SEBI Listing Regulations, 2015 2d
- Disclosure Under Regulation 30 Of SEBI Listing Regulations, 2015 2d
- Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015. 22 Apr
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
Concalls
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Aug 2023Transcript PPT
-
May 2023Transcript PPT
-
May 2023TranscriptNotesPPT REC
-
Feb 2023Transcript PPT
-
Feb 2023TranscriptNotesPPT
-
Nov 2022TranscriptNotesPPT
-
Feb 2022TranscriptPPT
-
Nov 2021Transcript PPT
-
Aug 2021TranscriptPPT
-
May 2021Transcript PPT
-
May 2021TranscriptNotesPPT
-
Feb 2021TranscriptPPT
-
Nov 2020Transcript PPT
-
Jul 2020TranscriptPPT
-
May 2020Transcript PPT
-
Mar 2020TranscriptNotesPPT
-
Jan 2020TranscriptPPT
-
Nov 2019Transcript PPT
-
Jul 2019TranscriptPPT
-
May 2019TranscriptPPT
-
Jan 2019TranscriptPPT
-
Dec 2018TranscriptNotesPPT
-
Dec 2018TranscriptNotesPPT
-
Oct 2018TranscriptPPT
-
Aug 2018TranscriptNotesPPT
-
Aug 2018Transcript PPT
-
May 2018TranscriptPPT
-
Feb 2018Transcript PPT
-
Oct 2017TranscriptPPT
-
Jul 2017Transcript PPT
-
May 2017Transcript PPT
-
Feb 2017TranscriptNotesPPT
-
Nov 2016TranscriptNotesPPT
-
Oct 2016Transcript PPT
-
Jul 2016TranscriptNotesPPT
-
May 2016Transcript PPT
-
Feb 2016TranscriptNotesPPT
-
Feb 2016Transcript PPT
-
Feb 2016TranscriptNotesPPT
Product Portfolio
The Co. is engaged in the manufacturing of agricultural tractors, engines for agricultural tractors, construction, earthmoving and material handling equipment, round and flat tubes, heating elements, double-acting hydraulic shock absorbers for railways coaches, centre buffer couplers, automobile shock absorbers, telescopic front fork & Mcpherson struts, brake block, internal combustion engines and all types of brake used by railways. [1]