Escorts Kubota Ltd

₹ 2,062 -0.73%
06 Feb - close price
About

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]

Key Points

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]

  • Market Cap 27,205 Cr.
  • Current Price 2,062
  • High / Low 2,359 / 1,307
  • Stock P/E 41.3
  • Book Value 589
  • Dividend Yield 0.34 %
  • ROCE 15.0 %
  • ROE 11.0 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 11.8% over past five years.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
1,334 1,650 1,386 1,089 1,654 2,042 2,229 1,707 1,690 1,984 1,887 2,032 1,891
1,210 1,437 1,205 969 1,357 1,679 1,890 1,476 1,467 1,726 1,647 1,836 1,746
Operating Profit 124 213 181 121 297 363 339 232 223 258 240 196 145
OPM % 9% 13% 13% 11% 18% 18% 15% 14% 13% 13% 13% 10% 8%
12 29 30 31 39 56 42 43 49 41 55 36 25
Interest 4 4 3 2 4 4 3 3 4 4 4 3 3
Depreciation 27 27 28 27 28 32 31 32 33 33 34 37 37
Profit before tax 106 211 179 122 304 382 346 239 234 262 257 192 130
Tax % 4% 27% 29% 24% 25% 25% 23% 25% 26% 26% 26% 27% 24%
Net Profit 102 155 128 93 227 286 265 178 173 194 190 141 99
EPS in Rs 8.30 12.63 10.43 7.54 16.83 21.26 19.68 13.22 12.84 15.84 14.47 10.66 7.49
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Sep 2010 Sep 2011 Sep 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
3,324 4,101 4,049 6,502 4,113 3,432 4,145 5,059 6,262 5,810 7,014 7,238 7,794
3,205 3,817 3,860 6,115 4,039 3,271 3,878 4,506 5,539 5,149 5,888 6,317 6,956
Operating Profit 120 284 190 387 73 161 268 553 723 661 1,126 922 838
OPM % 4% 7% 5% 6% 2% 5% 6% 11% 12% 11% 16% 13% 11%
180 -55 50 87 124 31 36 58 99 88 160 218 156
Interest 70 71 97 112 58 51 32 29 20 17 13 15 14
Depreciation 48 48 50 86 69 58 63 73 87 107 118 132 140
Profit before tax 181 110 92 275 70 82 208 509 715 625 1,155 993 840
Tax % 27% -14% 20% 10% -8% 15% 37% 32% 33% 25% 25% 26%
Net Profit 132 125 73 247 76 70 131 347 478 472 872 736 623
EPS in Rs 12.50 11.97 6.99 20.13 6.23 5.76 10.71 28.31 39.07 38.53 64.63 55.82 48.46
Dividend Payout % 12% 13% 19% 9% 19% 21% 14% 7% 6% 6% 12% 13%
Compounded Sales Growth
10 Years: 6%
5 Years: 12%
3 Years: 5%
TTM: 2%
Compounded Profit Growth
10 Years: 20%
5 Years: 40%
3 Years: 15%
TTM: -27%
Stock Price CAGR
10 Years: 41%
5 Years: 18%
3 Years: 33%
1 Year: 13%
Return on Equity
10 Years: 12%
5 Years: 15%
3 Years: 15%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Sep 2010 Sep 2011 Sep 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
92 92 119 119 119 123 123 123 123 123 135 132 132
Reserves 1,594 1,692 1,526 1,746 1,711 1,728 1,869 2,430 2,888 3,332 5,227 7,686 7,645
405 486 554 438 484 368 265 51 281 48 61 52 49
1,054 1,235 1,357 1,332 1,235 750 942 1,369 1,415 1,512 1,456 1,238 1,813
Total Liabilities 3,145 3,505 3,556 3,636 3,550 2,968 3,199 3,973 4,707 5,014 6,878 9,108 9,639
1,608 1,620 1,595 1,654 1,596 1,539 1,581 1,588 1,647 1,702 1,796 1,841 1,868
CWIP 20 48 67 39 56 58 35 66 80 125 65 88 65
Investments 108 112 373 372 373 64 212 549 491 797 1,938 4,836 4,476
1,409 1,725 1,522 1,572 1,526 1,307 1,371 1,770 2,489 2,390 3,079 2,343 3,230
Total Assets 3,145 3,505 3,556 3,636 3,550 2,968 3,199 3,973 4,707 5,014 6,878 9,108 9,639

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Sep 2010 Sep 2011 Sep 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
48 208 58 343 -10 212 304 460 -234 797 1,129 32
-102 -109 -130 -70 17 -44 -155 -374 -18 -421 -2,195 -1,856
42 9 -28 -230 1 -191 -113 -1 191 -300 1,003 1,810
Net Cash Flow -12 107 -100 43 8 -23 36 85 -61 76 -63 -14

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Sep 2010 Sep 2011 Sep 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 49 48 43 21 37 40 40 43 54 46 34 40
Inventory Days 69 61 70 49 64 70 58 61 73 84 56 62
Days Payable 112 111 109 68 92 115 117 132 107 123 94 66
Cash Conversion Cycle 6 -2 4 2 9 -5 -19 -29 21 7 -3 37
Working Capital Days 16 5 -1 2 10 -15 -25 -26 28 11 -4 30
ROCE % 12% 8% 8% 17% 7% 7% 11% 22% 25% 19% 26% 15%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
40.25 40.25 36.59 36.59 36.59 36.59 36.59 30.25 28.10 72.90 72.90 72.90
19.28 20.37 21.59 23.79 25.95 21.28 21.53 20.13 3.57 4.24 4.73 3.95
9.98 9.95 8.53 7.13 5.60 5.63 7.64 8.56 0.39 6.20 7.65 8.49
27.99 26.93 31.06 30.31 29.71 34.40 32.19 38.87 66.13 14.86 13.01 12.99
2.51 2.51 2.23 2.18 2.15 2.10 2.06 2.18 1.80 1.80 1.70 1.67

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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