Buy Escorts, target price Rs 2140: Emkay Global

Emkay Global has buy call on Escorts Ltd. with a target price of Rs 2140. The current market price of Escorts Ltd. is Rs 1901.5.

Time period given by analyst is one year when Escorts Ltd. price can reach defined target.

Escorts Ltd., incorporated in the year 1944, is a Mid Cap company (having a market cap of Rs 25737.90 Crore) operating in Auto sector.


Escorts Ltd. key Products/Revenue Segments include Tractors Agricultural, Other Operating Revenue, Scrap, Sale of services and Export Incentives for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 1739.36 Crore, down -.64 % from last quarter Total Income of Rs 1750.61 Crore and up 2.72 % from last year same quarter Total Income of Rs 1693.37 Crore. Company reported net profit after tax of Rs 177.30 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 36.59 per cent stake in the company as of 30-Sep-2021, while FIIs owned 21.53 per cent, DIIs 7.63 per cent.