Hold Escorts Kubota, target price Rs 4350: Anand Rathi

Anand Rathi has hold call on Escorts Kubota with a target price of Rs 4350. The current market price of Escorts Kubota Ltd. is Rs 3760.15.

Escorts Kubota Ltd., incorporated in the year 1944, is a Mid Cap company (having a market cap of Rs 43151.78 Crore) operating in Auto sector.

Escorts Kubota Ltd. 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 reported a Consolidated Total Income of Rs 2416.34 Crore, up 9.88 % from last quarter Total Income of Rs 2199.09 Crore and down -1.35 % from last year same quarter Total Income of Rs 2449.52 Crore. Company reported net profit after tax of Rs 287.99 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 67.64 per cent stake in the company as of 30-Jun-2024, while FIIs owned 6.44 per cent, DIIs 10.36 per cent.