Hold Escorts, target price Rs 2050: ICICI Direct

ICICI Direct has hold call on Escorts with a target price of Rs 2050. The current market price of Escorts Ltd. is Rs 1809.2. 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 23899.06 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 31-12-2021, the company reported a Consolidated Total Income of Rs 2025.00 Crore, up 16.42 % from last quarter Total Income of Rs 1739.36 Crore and down -3.15 % from last year same quarter Total Income of Rs 2090.93 Crore. Company reported net profit after tax of Rs 200.39 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 30.25 per cent stake in the company as of 31-Dec-2021, while FIIs owned 20.13 per cent, DIIs 8.57 per cent.