INSUBCONTINENT EXCLUSIVE:
Independent analyst Kunal Bothra has a buy call on Escorts Ltd
with a target price of Rs 712
The current market price of Escorts Ltd
Time period given by the analyst is Intra Day when Escorts Ltd
price can reach the defined target
Kunal Bothra recommended to keep stoploss at Rs 680
Escorts Ltd., incorporated in 1944, is a midcap company with a market cap of Rs 8438.19 crore.
Escorts Ltd
key Products/Revenue Segments include Tractors Agricultural which contributed Rs 4974.15 Crore to Sales Value (99.16 % of Total Sales), Sale
of services which contributed Rs 15.17 Crore to Sales Value (0.30 % of Total Sales), Scrap which contributed Rs 13.98 Crore to Sales Value
(0.27 % of Total Sales), Export Incentives which contributed Rs 10.35 Crore to Sales Value (0.20 % of Total Sales) and Other Operating
Revenue which contributed Rs 2.32 Crore to Sales Value (0.04 % of Total Sales)for the year ending 31-Mar-2018
For the quarter ended 30-09-2018, the company has reported a Standalone sales of Rs 1398.36 Crore, down -7.47 % from last quarter Sales of
Rs 1511.29 Crore and up 15.41 % from last year same quarter Sales of Rs 1211.68 Crore Company has reported net profit after tax of Rs 102.74
Mr.Ravi Dharm Narain, Mrs.Vibha Paul Rishi, Ms.Nitasha Nanda
Company has Walker, Chandiok Co.LLP as its auditoRs As on 30-09-2018, the company has a total of 122,576,878 shares outstanding.
