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Neutral Escorts Kubota Ltd For Target Rs. 2,450 - Motilal Oswal Financial Services Ltd * 1QFY24 results were better across all fronts, led by multiple levers, such as better ASPs, gross margin benefits, and cost-control measures. Consequently, EBITDA margin came in at 14% (vs. est. 10.8%). The management has guided for i) low-mid single-digit tractor volume growth in FY24E and ii) sustenance of EBITDA margin for the coming quarters. * We raise our FY24E/FY25E EPS by 21.4%/9.3% to factor in for margin expansions and high ‘other income’. Moreover, we have increased...
Neutral Escorts Kubota Ltd For Target Rs. 2,450 - Motilal Oswal Financial Services Ltd
Neutral Escorts Kubota Ltd For Target Rs. 2,450 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
5/08/2023 11:38:00 AM
Escorts Kubota rides high on reporting 2- fold jump in Q1 consolidated net profit Escorts Kubota is currently trading at Rs. 2589.80, up by 28.45 points or 1.11% from its previous closing of Rs. 2561.35 on the BSE. The scrip opened at Rs. 2576.00 and has touched a high and low of Rs. 2676.25 and Rs. 2529.60 respectively. So far 55557 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2676.25 on 02-Aug-2023 and a 52 week low of Rs. 1604.50 on 02-Aug-2022. Last one week high and low of the scrip ...
Escorts Kubota rides high on reporting 2- fold jump in Q1 consolidated net profit
Escorts Kubota rides high on reporting 2- fold jump in Q1 consolidated net profit
Source: Accord Fintech
2/08/2023 3:24:59 PM
India`s Escorts Kubota posts 93% jump in Q1 profit on railway, construction demand boost Indian tractor maker Escorts Kubota reported an almost 93% jump in first-quarter profit on Tuesday, led by the increased demand for its construction and railway equipment. Net profit for the quarter through June 30 was 2.83 billion rupees ($34.4 million), compared with 1.47 billion rupees a year earlier. It reported a more than two-fold jump in the profit before tax at its railway division, while the construction equipment segment posted a multi-fold jump. "Construction business...
India`s Escorts Kubota posts 93% jump in Q1 profit on railway, construction demand boost
India`s Escorts Kubota posts 93% jump in Q1 profit on railway, construction demand boost
Source: Reuters
1/08/2023 4:52:40 PM
Stock Picks : Escorts Kubota Ltd and IDFC First Bank Ltd By ICICI Direct Escorts Kubota Ltd Buy Escorts Kubota Ltd @2430-2434; Target 2462.00; Stop Loss 2418.00   IDFC First BankLtd Buy IDFC First Bank Ltd @84.50-84.80; Target 86.20; Stop Loss 83.90   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the author and not...
Stock Picks : Escorts Kubota Ltd and IDFC First Bank Ltd By ICICI Direct
Stock Picks : Escorts Kubota Ltd and IDFC First Bank Ltd By ICICI Direct
Source: ICICI Direct
27/07/2023 11:44:27 AM
Escorts Kubota moves up as its agri machinery segment reports 8.9% rise in tractors sales in May Escorts Kubota is currently trading at Rs. 2189.85, up by 16.75 points or 0.77% from its previous closing of Rs. 2173.10 on the BSE. The scrip opened at Rs. 2198.10 and has touched a high and low of Rs. 2214.00 and Rs. 2177.15 respectively. So far 6483 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2358.75 on 01-Dec-2022 and a 52 week low of Rs. 1400.00 on 30-Jun-2022. Last one week high and low of the scrip s...
Escorts Kubota moves up as its agri machinery segment reports 8.9% rise in tractors sales in May
Escorts Kubota moves up as its agri machinery segment reports 8.9% rise in tractors sales in May
Source: Accord Fintech
1/06/2023 10:02:34 AM
Neutral Escorts Kubota Ltd For Target Rs. 2,001 - Yes Securities Valuation and View – Management guides for fast normalcy in margins Escorts Kubota (EKL) 4QFY23 results surprised positively where it exceeded our/street EBITDA/ Adj. PAT estimates by ~26%/22%. The entire beat is attributed to better than expected gross margins at 28.5% (est 26.2%, +300bp QoQ/ -140bp YoY). This led to ~24% QoQ growth in EBITDA at Rs2.35b (est/cons at Rs1.87b/Rs1.92b) with margins at 10.8% (est 8.7%, +240bp QoQ/ -270bp YoY). Tractors (71% EBIT contribution) ASP grew 1...
Neutral Escorts Kubota Ltd For Target Rs. 2,001 - Yes Securities
Neutral Escorts Kubota Ltd For Target Rs. 2,001 - Yes Securities
Source: Yes Securities
21/05/2023 3:04:11 PM
Buy Escorts Kubota Ltd For Target Rs. 2,360 - Anand Rathi Share and Stock Brokers Volume growth to continue, margins pressure to ease; retaining a Buy For Escorts Kubota, tractor volumes continued to rise and the company sustained market share across regions. Under-recovery in RM costs and small price increases in the quarter led to pressure on the gross margin, which however is expected to improve in Q4. The ground situation for a gradual revival in the rural economy is in place and we expect better volume off-take ahead. Accordingly, we maintain a Buy at a revised TP ...
Buy Escorts Kubota Ltd For Target Rs. 2,360 - Anand Rathi Share and Stock Brokers
Buy Escorts Kubota Ltd For Target Rs. 2,360 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
3/03/2023 11:56:03 AM
Buy Escorts Kubota Ltd For Target Rs. 2,500 - Emkay Global Financial Services Robust growth prospects ahead * We attended Escorts’ analyst meet, where the management re-iterated its robust mediumterm growth prospects. FY28 revenue target is at Rs227bn as against Rs72bn in FY22, implying a 21% CAGR, driven by: 1) amalgamation with Kubota JVs, 2) ramp-up of vehicle/component exports, and 3) continuing growth in domestic businesses. * Profitability remains a key focus area with an FY28 ROE target of 18%+ as against 12% in FY22, led by better margins and asset ...
Buy Escorts Kubota Ltd For Target Rs. 2,500 - Emkay Global Financial Services
Buy Escorts Kubota Ltd For Target Rs. 2,500 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
28/02/2023 2:47:32 PM
Buy Escorts Kubota Ltd For Target Rs. 2,500 - Emkay Global Financial Services Subdued quarter; Medium-term prospects remain robust Q3 EBITDA declined by 28% YoY to Rs1.9bn, 10% below our estimates, due to lower gross margin. Management expects margins to normalize over the next few quarters, owing to better net pricing, commodity deflation, and cost savings. Revenue grew by 16% to Rs22.6bn, broadly in-line with our estimates. Factoring in the lower-margin assumptions, we have reduced our FY23-25E EPS by 1-4%. Following the revision, we expect robust revenue/EPS CAGR...
Buy Escorts Kubota Ltd For Target Rs. 2,500 - Emkay Global Financial Services
Buy Escorts Kubota Ltd For Target Rs. 2,500 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
10/02/2023 3:54:28 PM
Neutral Escorts Kubota Ltd For Target Rs.1,996 - Yes Securities Weak margins despite better volumes Valuation and View – Margins normalcy still sometime away Escorts Kubota (EKL) 3QFY23 results were weak with EBITDA/ Adj. PAT miss by ~20%/10% to ours and 17.5%/5% to street estimates. The quarter continued to witness dual impact of RM and non-RM inflation under recoveries resulting in EBITDA margins at 8.4% (+30bp QoQ/ -570bp YoY). This is despite, tractor/CE/railways revenues grew 17%/37%/26.5% QoQ. Weak margins explained by 1) production/sale...
Neutral Escorts Kubota Ltd For Target Rs.1,996 - Yes Securities
Neutral Escorts Kubota Ltd For Target Rs.1,996 - Yes Securities
Source: Yes Securities Ltd
10/02/2023 12:23:26 PM
India`s Escorts Kubota posts 7.5% drop in Q3 profit on higher input costs Indian tractor maker Escorts Kubota Ltd reported a 7.5% fall in quarterly profit on Wednesday, as margins were pressured from persistently high raw material costs. The inflated input costs overshadowed a nearly 11% jump in tractor sales that was driven by an above-normal monsoon and a healthy sowing season. The company's net profit fell to 1.86 billion rupees ($22.54 million) in the three months ended Dec. 31, from 2.02 billion rupees a year earlier. Total expenses jumped 22.3% t...
India`s Escorts Kubota posts 7.5% drop in Q3 profit on higher input costs
India`s Escorts Kubota posts 7.5% drop in Q3 profit on higher input costs
Source: Reuters
8/02/2023 5:25:21 PM
Escorts Kubota shines as its agri machinery segment reports rise of 18.7% in December tractors sales Escorts Kubota is currently trading at Rs. 2185.85, up by 45.20 points or 2.11% from its previous closing of Rs. 2140.65 on the BSE. The scrip opened at Rs. 2147.00 and has touched a high and low of Rs. 2189.10 and Rs. 2144.65 respectively. So far 5524 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2358.75 on 01-Dec-2022 and a 52 week low of Rs. 1400.00 on 30-Jun-2022. Last one week high and low of the scrip s...
Escorts Kubota shines as its agri machinery segment reports rise of 18.7% in December tractors sales
Escorts Kubota shines as its agri machinery segment reports rise of 18.7% in December tractors sales
Source: Accord Fintech
3/01/2023 11:50:27 AM
Neutral Escorts Kubota Ltd For Target Rs.1,875 - Motilal Oswal Financial Services Wholesales in line at 5.6k, up 19% YoY * Escorts Kubota posted a 19% YoY growth in Tractor dispatches to 5.6k units in Dec’22 (est. 5.8k units). * It reported a 22% YoY growth in domestic Tractor sales to ~5k units (est. 5.2k). * However, it clocked a 3% YoY decline in Tractor exports to 594 units (est. 575 units). * Sales of Construction Equipment grew 12% YoY to 423 units. * We expect Tractor volumes to grow ~9% in FY23, implying a monthly run-rate of ~8.1k units, or a ...
Neutral Escorts Kubota Ltd For Target Rs.1,875 - Motilal Oswal Financial Services
Neutral Escorts Kubota Ltd For Target Rs.1,875 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2/01/2023 12:49:06 PM
Sell Escorts Kubota Ltd For Target Rs.1,783 - Geojit Financial Services Margin came below estimate Escorts Kobota Ltd (EL) is the third largest agricultural tractor manufacturer in India. It has a strong presence in the north and west markets, with an overall market share of 10.3% as on FY22. • Q2FY23 revenue grew by 13%YoY, driven by 12.5% volume growth in the tractor segment. While, sales from the construction equipment's down by 14.6%YoY. • EBITDA margin came in below our expectations at 8% due to inflation, elevated commodity prices and...
Sell Escorts Kubota Ltd For Target Rs.1,783 - Geojit Financial Services
Sell Escorts Kubota Ltd For Target Rs.1,783 - Geojit Financial Services
Source: Geojit Financial Services Ltd
2/12/2022 12:34:26 PM
Escorts Kubota gains as its construction equipment segment records 28.8% rise in sales in November Escorts Kubota is currently trading at Rs. 2288.60, up by 2.30 points or 0.10% from its previous closing of Rs. 2286.30 on the BSE. The scrip opened at Rs. 2286.30 and has touched a high and low of Rs. 2299.60 and Rs. 2273.65 respectively. So far 2884 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2303.40 on 28-Nov-2022 and a 52 week low of Rs. 1400.00 on 30-Jun-2022. Last one week high and low of the scrip st...
Escorts Kubota gains as its construction equipment segment records 28.8% rise in sales in November
Escorts Kubota gains as its construction equipment segment records 28.8% rise in sales in November
Source: Accord Fintech
1/12/2022 1:05:37 PM
Neutral Escorts Kubota Ltd For Target Rs.1,875 - Motilal Oswal Financial Services Ltd Focus on comprehensive growth through synergies Market share gains, product launches, and exports to be the key focus areas Escorts Kubota (ESCORTS) hosted the investing community, followed by the plant visit at its Faridabad facility, where the entire senior management presented their mid-term strategy (till FY28E) and focus areas (link to the presentation). The company is now focusing on leveraging strong synergy benefits for a comprehensive growth across business areas. The company&r...
Neutral Escorts Kubota Ltd For Target Rs.1,875 - Motilal Oswal Financial Services Ltd
Neutral Escorts Kubota Ltd For Target Rs.1,875 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
29/11/2022 3:00:57 PM
Buy Escorts Kubota Ltd For Target Rs.s 2,500- Emkay Global Financial Service Ltd Robust growth prospects ahead * We attended Escorts’ analyst meet, where the management re-iterated its robust mediumterm growth prospects. FY28 revenue target is at Rs227bn as against Rs72bn in FY22, implying a 21% CAGR, driven by: 1) amalgamation with Kubota JVs, 2) ramp-up of vehicle/component exports, and 3) continuing growth in domestic businesses. * Profitability remains a key focus area with an FY28 ROE target of 18%+ as against 12% in FY22, led by better margins and asset ...
Buy Escorts Kubota Ltd For Target Rs.s 2,500- Emkay Global Financial Service Ltd
Buy Escorts Kubota Ltd For Target Rs.s 2,500- Emkay Global Financial Service Ltd
Source: Emkay Global Financial Service Ltd
23/11/2022 4:16:49 PM
Buy Escorts Kubota Ltd For Target Rs.2450- Emkay Global Financial Service Ltd Weak Q2 on cost pressures; mediumterm prospects remain robust Q2FY23 EBITDA declined by 33% YoY to Rs1.53bn, coming in 22% below our estimates due to increase in vehicle discounts and cost pressures. Management expects margins to normalize over the next few quarters, owing to reduction in discounts, commodity deflation, price increases and cost savings. Revenue grew by 12% YoY to Rs18.8bn, in line with our estimates. Factoring-in the lower-margin assumptions, we reduce FY23-25E EPS by 6-9%...
Buy Escorts Kubota Ltd For Target Rs.2450- Emkay Global Financial Service Ltd
Buy Escorts Kubota Ltd For Target Rs.2450- Emkay Global Financial Service Ltd
Source: Emkay Global Financial Service Ltd
9/11/2022 3:40:53 PM
Reduce Escorts Kubota Ltd For Target Rs.1628- ICICI Direct Dual impact of market share and margins loss Valuation and View Escorts Kubota (Escorts) 2QFY23 results were weak with EBITDA/ Adj. PAT miss by ~28/11% to ours and ~25/3% to street estimates. 2QFY23 witnessed dual impact of RM and non?RM inflation resulting in EBITDA margins to 21 quarter low at 8% (? 190bp QoQ/  ?450bp YoY). Sharp decline in margins explained by 7?year low gross margins at 27.6% (est 29%, ?20bp QoQ), despite price hikes of ~2?2.5%/~2%/~2% in 4QFY22/1QFY23/2QF...
Reduce Escorts Kubota Ltd For Target Rs.1628- ICICI Direct
Reduce Escorts Kubota Ltd For Target Rs.1628- ICICI Direct
Source: Yes Securities Ltd
9/11/2022 3:28:47 PM
Buy Escorts Kubota Ltd For Target Rs. 2,330 - ICICI Direct Bottomed out margins, leveraging Kubota channel for exports amid long term growth plan… About the stock: The company is a prominent tractor maker domestically (10.3% FY22 market share). It also serves domestic construction equipment, railways space. * FY22 sales mix – tractors 77%, construction equipment 14%, railways 9% * Past five year CAGR: 24.1%, 35.6% in EBITDA, PAT; cash positive b/s Q2FY23 Results: The company reported a muted Q2FY23 performance. * Total ope...
Buy Escorts Kubota Ltd For Target Rs. 2,330 - ICICI Direct
Buy Escorts Kubota Ltd For Target Rs. 2,330 - ICICI Direct
Source: ICICI Direct Ltd
8/11/2022 10:40:09 AM
Escorts Kubota records 38.7% jump in September tractor sales Escorts Kubota Agri Machinery Segment in September 2022 sold 12,232 tractors, the company's highest ever September sales, registering a growth of 38.7% as against 8,816 tractors sold in September 2021. Domestic tractor sales in September 2022 was at 11,384 tractors registering a growth of 42.7% as against 7,975 tractors sold in September 2021 . Overall macroeconomic factors and farmer sentiments remain positive led by above normal monsoon and onset of an early festive season. The compa...
Escorts Kubota records 38.7% jump in September tractor sales
Escorts Kubota records 38.7% jump in September tractor sales
Source: Dion Global Solutions Ltd
3/10/2022 12:54:37 PM
Buy Escorts Kubota Ltd For Target Rs. 2,390 - ICICI Direct Structure simplified, merged entity well placed to grow About the stock: The company is a prominent tractor maker domestically (10.3% FY22 market share). It also serves domestic construction equipment, railways space. * FY22 sales mix – tractors 77%, construction equipment 14%, railways 9% * Past five year CAGR: 24.1%, 35.6% in EBITDA, PAT; cash positive b/s Key Highlights: * Escorts Kubota passed a resolution to amalgamate Escorts Kubota India Pvt Ltd (EKI, JV between E...
Buy Escorts Kubota Ltd For Target Rs. 2,390 - ICICI Direct
Buy Escorts Kubota Ltd For Target Rs. 2,390 - ICICI Direct
Source: ICICI Securities Ltd
19/09/2022 11:20:48 AM