Escorts Kubota stock price up by more than 7% today

21 Nov 2022 , 01:21 PM

On Monday, during intraday trading on the BSE in an otherwise lacklustre market, shares of Escorts Kubota (previously Escorts) rose 6% to Rs 2,156.70. The tractor manufacturer’s stock was trading close to its all-time high, Rs 2,189.75, set on September 23, 2022. Escorts Kubota has expanded their business into three distinct industries, including railway equipment, construction equipment, and agricultural gear.

The management of Escorts Kubota reiterated its strong medium-term growth aspirations at a recent analyst meeting. With a sales forecast of Rs 22,700 crore for FY28 compared to Rs 7,200 crore for FY22, this represents a 21% CAGR, driven by the merger with Kubota JVs, an increase in vehicle and component exports, and ongoing domestic business growth. The stock is trading above its 10-year average of 12.6x and at a premium of 24.9x consolidated FY24E EPS due to improved operating metrics and the Kubota alliance.

For feedback and suggestions, write to us at [e-mail]