Escorts Ltd
Escorts is engaged in the business of manufacturing of agricultural tractors, engines for agricultural tractors, construction, earth moving 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.
- Market Cap ₹ 17,698 Cr.
- Current Price ₹ 1,313
- High / Low ₹ 1,468 / 526
- Stock P/E 24.1
- Book Value ₹ 331
- Dividend Yield 0.19 %
- ROCE 19.1 %
- ROE 14.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 36.88% CAGR over last 5 years
Cons
- The company has delivered a poor sales growth of 7.15% over past five years.
Peer comparison
Sector: Automobile Industry: Automobiles - Tractors
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Sep 2005 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,234 | 1,529 | 1,413 | 1,671 | 1,649 | 1,440 | 1,334 | 1,650 | 1,386 | 1,089 | 1,654 | 2,042 | |
2,366 | 1,343 | 1,260 | 1,471 | 1,466 | 1,298 | 1,210 | 1,437 | 1,205 | 969 | 1,357 | 1,679 | |
Operating Profit | -131 | 186 | 153 | 201 | 183 | 142 | 124 | 213 | 181 | 121 | 297 | 363 |
OPM % | -6% | 12% | 11% | 12% | 11% | 10% | 9% | 13% | 13% | 11% | 18% | 18% |
Other Income | 503 | 19 | 26 | 35 | 20 | 18 | 12 | 29 | 30 | 31 | 39 | 56 |
Interest | 162 | 4 | 4 | 4 | 8 | 6 | 4 | 4 | 3 | 2 | 4 | 4 |
Depreciation | 102 | 21 | 22 | 22 | 22 | 25 | 27 | 27 | 28 | 27 | 28 | 32 |
Profit before tax | 107 | 180 | 153 | 209 | 173 | 129 | 106 | 211 | 179 | 122 | 304 | 382 |
Tax % | -13% | 33% | 34% | 33% | 33% | 32% | 4% | 27% | 29% | 24% | 25% | 25% |
Net Profit | 121 | 121 | 102 | 139 | 117 | 88 | 102 | 155 | 128 | 92 | 227 | 287 |
EPS in Rs | 16.73 | 9.89 | 8.28 | 11.38 | 9.52 | 7.16 | 8.30 | 12.63 | 10.43 | 7.54 | 16.83 | 21.26 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Sep 2008 | Sep 2009 | Sep 2010 | Sep 2011 | Sep 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,650 | 2,598 | 3,324 | 4,101 | 4,049 | 6,502 | 4,113 | 3,432 | 4,145 | 5,059 | 6,262 | 5,810 | 6,171 | |
2,633 | 2,466 | 3,197 | 3,933 | 3,860 | 6,111 | 4,040 | 3,271 | 3,881 | 4,513 | 5,539 | 5,150 | 5,210 | |
Operating Profit | 17 | 132 | 128 | 168 | 190 | 390 | 73 | 161 | 264 | 546 | 723 | 660 | 961 |
OPM % | 1% | 5% | 4% | 4% | 5% | 6% | 2% | 5% | 6% | 11% | 12% | 11% | 16% |
Other Income | 120 | 73 | 172 | 61 | 49 | 83 | 124 | 31 | 40 | 65 | 99 | 90 | 156 |
Interest | 97 | 99 | 70 | 71 | 97 | 112 | 58 | 51 | 32 | 29 | 20 | 17 | 13 |
Depreciation | 51 | 48 | 48 | 48 | 50 | 86 | 69 | 58 | 63 | 73 | 87 | 107 | 116 |
Profit before tax | -12 | 58 | 181 | 110 | 92 | 275 | 70 | 82 | 208 | 509 | 715 | 625 | 988 |
Tax % | -225% | 50% | 27% | -14% | 20% | 10% | -8% | 15% | 37% | 32% | 33% | 25% | |
Net Profit | -37 | 29 | 132 | 126 | 74 | 247 | 76 | 71 | 131 | 347 | 479 | 472 | 734 |
EPS in Rs | -4.11 | 3.15 | 12.50 | 11.97 | 6.99 | 20.13 | 6.23 | 5.76 | 10.71 | 28.31 | 39.07 | 38.53 | 56.06 |
Dividend Payout % | 0% | 28% | 12% | 13% | 19% | 9% | 19% | 21% | 14% | 7% | 6% | 6% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 7% |
3 Years: | 12% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | 27% |
5 Years: | 37% |
3 Years: | 52% |
TTM: | 57% |
Stock Price CAGR | |
---|---|
10 Years: | 28% |
5 Years: | 59% |
3 Years: | 14% |
1 Year: | 58% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 13% |
3 Years: | 16% |
Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Sep 2008 | Sep 2009 | Sep 2010 | Sep 2011 | Sep 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
81 | 81 | 92 | 92 | 119 | 119 | 119 | 123 | 123 | 123 | 123 | 123 | 135 | |
Reserves | 855 | 1,345 | 1,594 | 1,692 | 1,526 | 1,746 | 1,711 | 1,728 | 1,869 | 2,430 | 2,888 | 3,332 | 4,324 |
Borrowings | 840 | 403 | 405 | 486 | 554 | 438 | 484 | 368 | 265 | 51 | 281 | 48 | 60 |
1,083 | 1,058 | 1,054 | 1,235 | 1,357 | 1,332 | 1,235 | 750 | 942 | 1,369 | 1,415 | 1,512 | 1,843 | |
Total Liabilities | 2,858 | 2,886 | 3,145 | 3,505 | 3,556 | 3,636 | 3,550 | 2,968 | 3,199 | 3,973 | 4,707 | 5,014 | 6,362 |
948 | 1,560 | 1,608 | 1,620 | 1,595 | 1,654 | 1,596 | 1,539 | 1,581 | 1,588 | 1,647 | 1,702 | 1,758 | |
CWIP | 19 | 12 | 20 | 48 | 67 | 39 | 56 | 58 | 35 | 66 | 80 | 125 | 74 |
Investments | 238 | 107 | 108 | 112 | 373 | 372 | 373 | 64 | 212 | 549 | 491 | 797 | 1,247 |
1,653 | 1,207 | 1,409 | 1,725 | 1,522 | 1,572 | 1,526 | 1,307 | 1,371 | 1,770 | 2,489 | 2,390 | 3,283 | |
Total Assets | 2,858 | 2,886 | 3,145 | 3,505 | 3,556 | 3,636 | 3,550 | 2,968 | 3,199 | 3,973 | 4,707 | 5,014 | 6,362 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Sep 2008 | Sep 2009 | Sep 2010 | Sep 2011 | Sep 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
84 | 250 | 48 | 208 | 58 | 343 | -10 | 212 | 304 | 460 | -234 | 797 | |
-95 | 50 | -102 | -109 | -130 | -70 | 17 | -44 | -155 | -374 | -18 | -421 | |
-19 | -246 | 42 | 9 | -28 | -230 | 1 | -191 | -113 | -1 | 191 | -300 | |
Net Cash Flow | -30 | 55 | -12 | 107 | -100 | 43 | 8 | -23 | 36 | 85 | -61 | 76 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Sep 2008 | Sep 2009 | Sep 2010 | Sep 2011 | Sep 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 6% | 10% | 12% | 8% | 8% | 17% | 7% | 7% | 11% | 22% | 25% | 19% |
Debtor Days | 104 | 60 | 49 | 48 | 43 | 21 | 37 | 40 | 40 | 43 | 54 | 46 |
Inventory Turnover | 5.58 | 4.99 | 6.15 | 6.48 | 5.64 | 7.95 | 5.23 | 4.99 | 6.33 | 6.78 | 6.07 | 4.46 |
Documents
Add documentRecent announcements
- Disclosure of Voting results of Postal Ballot (Regulation 44(3) of SEBI (LODR) Regulations, 2015) 1d
- Voting Results Under Regulation 44(3) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 1d
- Intimation Pursuant To Regulation 31A Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 19 Feb
- Announcement under Regulation 30 (LODR)-Credit Rating 19 Feb
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 18 Feb
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