Buy Escorts Kubota, target price Rs 4,974: Hem Securities

Hem Securities has buy call on Escorts Kubota with a target price of Rs 4,974. The current market price of Escorts Kubota is Rs 4,220.15. Escorts Kubota, incorporated in the year 1944, is a Mid Cap company (having a market cap of Rs 46,424.19 Crore) operating in Auto sector.

Escorts Kubota key Products/Revenue Segments include Tractors Agricultural, Other Operating Revenue, Scrap, Export Incentives and Sale of services for the year ending 31-Mar-2024.

Financials

For the quarter ended 30-06-2024, the company has reported a Consolidated Total Income of Rs 2416.34 Crore, up 9.88 % from last quarter Total Income of Rs 2,199.09 Crore and down -1.35 % from last year same quarter Total Income of Rs 2,449.52 Crore. Company has reported net profit after tax of Rs 287.99 Crore in latest quarter.


Promoter/FII Holdings

Promoters held 67.64% stake in the company as of 30-Jun-2024, while FIIs owned 6.44%, DIIs 10.36%.