Escorts Ltd.
Snapshot View

1160.80 -7.15 ▼-0.6%

23 July 2021, 04:00:00 P.M.
Volume: 55,174

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Automobiles-Tractors Compare with Industry peers
Website http://www.escortsgroup.com
Financial Indicators
Market Cap 15,651.60 Cr.
Earnings per share (EPS) 64.63 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 17.96 Trailing Twelve Months Ending 2021-03
Industry PE 25.48 Trailing Twelve Months Ending 2021-03
Book Value / Share 371.34 Trailing Twelve Months Ending 2021-03
Price to Book Value 3.13 Calculated using Price: 1,160.80
Dividend Yield 0.65 Period Ending 2021-03
No. of Shares Subscribed 13.48 Cr. 134,834,566 Shares
FaceValue 10
Company Profile

From a very modest beginning in 1944 to one of the largest engineering conglomerates in India today, the journey of Escorts is deeply intertwined with that of nation-building. For over seven decades, the company has been helping drive prosperity and happiness for millions of people across the social spectrum as their partner of choice. Transforming lives on the strength of imagination, engineering prowess, and advanced technologies.

The company is operating in the high-growth sectors of Agri Machinery, Material Handling, Construction Equipment and Railway Equipment. The Group has earned the trust of over millions of customers by way of product and process innovations over seven decades of its existence. Escorts endeavors to transform lives in rural and urban India by leading the revolution in agricultural mechanization, modernization of railway technology and transformation of Indian construction.

Business area of the company

The company is one of India’s leading engineering conglomerates with a presence across key sectors of agriculture, infrastructure and railways. Across its businesses, the company continues to foster collaborations, drive modernisation and implement advanced manufacturing practices, to bring the best that the world has to offer to India; and take India’s best capabilities to the world.

Key business divisions

Escorts Agri Machinery (EAM): The company is one of India’s foremost tractor manufacturers, offering tractors from 12 HP to 120 HP under three esteemed brands, Farmtrac, Powertrac and Steeltrac. EAM is shifting its focus from products to services and from machinery to solutions, with an aim to help enhance agricultural productivity and yields, directly impacting farmers’ prosperity and nation’s food sufficiency.

Escorts Construction Equipment (ECE): The company is among the world’s largest manufacturers of Pick-and-Carry (PnC) hydraulic mobile cranes. It is a substantial player in PnC cranes segment in the domestic market. ECE’s range of reliable construction and material handling equipment supports India’s infrastructure growth.

Railway Equipment Division (RED): It manufactures advanced components that exemplify safety, comfort and reliability. These include brake systems, couplers, suspension systems, shock absorbers and rail fastening systems, among others. RED’s wide array of railway products enables the modernisation of the Indian Railways.

History and milestones

  • 1944 - Launch of Escorts (Agents).
  • 1948 - Pioneered farm mechanization in the country by launching Escorts Agricultural Machines, with a franchise from US-based Minneapolis Moline, for marketing tractors, implements, engines & other farm equipment. Launch of Escorts (Agriculture and Machines).
  • 1949 - Franchise of Massey Ferguson tractors for northern India.
  • 1951 - Escorts established India’s first private Institute of Farm Mechanisation at Delhi.
  • 1953 -Escorts (Agents) and Escorts (Agriculture and Machines) merged to form Escorts Agents.
  • 1954 - 1st industrial venture of Escorts to manufacture piston rings in collaboration with Goetze of Germany, in an era when joint ventures of Indian firms with foreign companies were virtually unheard of.
  • 1958 - Started importing Massey Ferguson tractors from Yugoslavia for marketing the same in India.
  • 1959 - Collaboration with Mahle of Germany to manufacture pistons. Soon, Escorts became the largest producer of piston assemblies in India.
  • 1960 - Setting up of Escorts.
  • 1961- Setting up of manufacturing base at Faridabad for manufacture of tractors in collaboration with URSUS of Poland and 50% indigenous components. Launch of Escort brand of tractors. Collaboration with CEKOP of Poland for manufacture of motorcycles and scooters. Escorts moves into high gear by nurturing the two wheeler culture. The first Rajdoot motorcycle rolls off the assembly line.
  • 1969 - Escorts Tractors was born. A technical and financial joint venture with the global giant Ford Motor Company, USA, to manufacture Ford tractors in India. The years ahead saw Escorts grow as the largest tractor manufacturer in India.
  • 1969 - Escorts Institute of Farm Mechanisation (EIFM) established at Bangalore.
  • 1969 - Escorts Employees Ancillaries (EEAL), a unique venture in industrial democracy comes into being.
  • 1971 - 1st February, the first tractor Ford 3000 rolled out of the factory.
  • 1974 - Crossing national boundaries, Escorts exports for the first time. After winning a global tender, 400 tractors were exported to Afghanistan, which was perhaps the world's largest ever airlift of tractors.
  • 1976 - Ford 3600, an advancement in Farm Mechanisation launched. Trial production of in-plant manufacturing of engine parts (Block & Head).
  • 1977 - Escorts enters the world of self-developed technology by setting up its first independent R&D Center. Escorts Scientific Research Centre marked its beginning at Faridabad by developing its own Engines for E-27 and E-37. Due to constant technology absorption, indigenisation level touched 72% for Ford tractors. 2nd plant at Bangalore for manufacturing piston assemblies was set up.
  • 1979 - Collaboration with JCB Excavators, UK for manufacture of excavators.
  • 1980 - Foray into healthcare, Escorts Hospital and Research Center set up in Faridabad.
  • 1983 - Escorts Tractors (ETL) established a state-of-the-art research and development centre to spearhead newer breakthroughs in farm mechanisation and to maintain industry leadership. Line concept introduced for engine block machining. 11,000 tonne floating dry-dock Escorts I launched.
  • 1984 - JV Escorts-Yamaha to manufacture motorcycles.
  • 1984 - Signing of agreement with the Japanese bike giant Yamaha to manufacture motorcycles with Yamaha technology. Collaboration with Jeumont Schneider of France to manufacture EPABX systems Collaboration with Dynapac of Sweden to manufacture vibratory road compactors.
  • 1985 - Escorts Tractors (ETL) offered its first bonus issue (1:1).
  • 1988 - Escorts Heart Institute and Research Centre (EHIRC), a world class cardiac care facility was launched in New Delhi.
  • 1989 - Joint Venture with Claas of Germany to manufacture harvester combines.
  • 1990-91 - First public issue in February 1991, over-subscribed four times. Shares listed on Delhi and Bombay Stock Exchanges.
  • 1993 - Ford 3620 tractor launched.
  • 1996 - Disengagement of joint venture collaboration with New Holland and launch of FARMTRAC Tractor.
  • 1997 - Joint Venture with Carraro of Italy for manufacturing and marketing of transmission and axles. Joint Venture with First Pacific Company of Hong Kong - Escotel Mobile Communications.
  • 1998 - POWERTRAC series of tractors launched.
    MoU was signed with Long Manufacturing Company, USA for setting up a joint venture in USA.
  • 1999 - MoU for Joint Venture with a Polish company POL-MOT was signed for assembly, manufacturing and marketing of farm machinery.
  • 2004 - Divested Escotel Mobile Telecommunications to Idea Cellular.
  • 2005 - Divested Escorts Heart Institute and Research Centre (EHIRC) to Fortis Healthcare.
  • 2006 - Divested in Carraro India.
  • 2006 - Escorts sets up Rs 25 Crore facility in Uttaranchal for manufacture of auto components and railway equipment.
  • 2007 - Escorts Construction Equipment (ECEL) launches TRX series of Pick-n-Carry Cranes in the 23T, 17T and 16T Category.
  • 2008 - Escorts Construction Equipment ties up with Construction Industry - Development Council to provide accredited training programs.
  • 2009 - Escorts Construction Equipment. Ties up with Zoomlion, China.
  • 2011 - Escorts Ltd. signs exclusive agreement with European firm for disc brake system for railway coaches.
  • 2012 - Escorts launches New Powertrac Ds-Plus Tractors in Hyderabad-Escorts ties up with Amul Industries for Mini Tractors.-Escorts launches India's first Executive Tractor.
  • 2015 - On 24 June 2015, the company signed a five-year deal with US-based IT firm Cognizant Technology Solutions. This deal is to bring digital transformation to all its business segments including agri-machinery, material handling and construction equipment, railway equipment and auto components.
  • 2016 - Escorts Ltd Divests Auto Products Business.
  • 2016 - Escorts Ltd Launches New 80 & 90 HP Farmtrac Tractors in Europe & US. - Escorts unveils India’s first Electric Tractor Concept & Global Tractor Series.
  • 2017 - Launched India’s first electric tractor concept, Farmtrac 26E, as part of the New Escorts Tractor
    Series (NETS), at Agritechnica, Germany.
  • 2017 - Received prestigious IRIS Certification for design, development and manufacture of railway components.
  • 2018 - Announced the Vision 2022 roadmap to align the transformational growth strategy for all three businesses
  • 2018 - Partnered Doosan for an exclusive distribution agreement in India.
  • 2019 - Introduced India’s first autonomous tractor concept.
  • 2019 - Collaborated with Kubota to develop value-oriented tractors that cater to farming requirements in India and overseas markets.
  • 2019 - Entered a JV with Tadano to produce specialized cranes that address high-capacity use cases.
  • 2019 - Tied up with seven technology leaders: Microsoft, Reliance Jio, Trimble, Samvardhana Motherson Group, WABCO, Bosch and AVL.
  • 2020 - Deepened partnership with Kubota, where the Japanese tractor and heavy equipment manufacturer picked up a 10% equity stake (post capital reduction) in Escorts, while Escorts received a 40% stake in Kubota’s India business
  • 2020 - Set up the Rajan Nanda Innovation Lab (RNIL) to incubate new, promising and disruptive business ideas.
  • 2020 - Launched India’s first hybrid tractor concept, hybrid backhoe loader concept and multi-utility rural transport vehicle concept.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-0.61%
1 Week
-2.81%
1 Month
-0.57%
3 Month
+2.01%
6 Month
-10.28%
1 Year
-0.52%
2 Year
+131.37%
5 Year
+367.40%
9 years 2012-09 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 4.40 14.41 4.20 4.30 8.47 18.07 19.57 16.36 21.49
Return on Capital Employed (%) 8.65 17.52 5.66 6.05 11.96 25.94 28.17 21.13 28.63
Return on Assets (%) 2.09 6.95 2.17 2.22 4.33 9.74 11.01 9.73 14.67

Balance Sheet View Details

Particulars 9 years 2012-09 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Shh. Funds 1,645 1,866 1,831 1,466 1,621 2,215 2,673 3,117 5,026
Non Curr. Liab. 313 281 202 100 58 74 109 116 158
Curr. Liab. 1,546 1,422 1,388 1,329 1,467 1,684 1,919 1,775 1,695
Minority Int. 11 18 15 2 2 0 6 5 -1
Equity & Liab. 3,515 3,587 3,435 2,897 3,148 3,973 4,707 5,014 6,878
Non Curr. Assets 2,166 2,099 2,047 1,699 1,687 1,820 1,937 2,103 2,244
Curr. Assets 1,349 1,488 1,388 1,198 1,460 2,153 2,770 2,911 4,634
Misc. Exp. not W/O 0
Total Assets 3,515 3,587 3,435 2,897 3,148 3,973 4,707 5,014 6,878

Profit Loss View Details

Particulars 9 years 2012-09 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Net Sales 4,049 6,502 4,113 3,534 4,199 5,065 6,265 5,810 7,014
Other Income 48 83 70 122 78 85 112 98 164
Total Income 4,098 6,585 4,182 3,656 4,278 5,150 6,376 5,908 7,179
Total Expenditure -3,860 -6,115 -3,955 -3,461 -3,939 -4,531 -5,560 -5,148 -5,892
PBIDT 238 470 228 195 339 619 817 760 1,287
Interest -97 -112 -58 -51 -32 -29 -20 -17 -13
Depreciation -50 -86 -69 -58 -63 -73 -87 -107 -118
Taxation -19 -28 6 -3 -60 -162 -238 -154 -283
Exceptional Items 1 3 -31 -12 -53 -7 6 -9
PAT 73 247 76 70 131 347 478 473 872

Cash Flow View Details

Particulars 9 years 2012-09 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 58 343 -10 212 304 460 -234 797 1,131
Cash Fr. Inv. -130 -70 17 -45 -155 -374 -17 -421 -2,194
Cash Fr. Finan. -28 -230 1 -191 -113 -1 191 -300 1,003
Net Change -100 43 8 -24 36 85 -61 75 -59
Cash & Cash Eqvt 145 271 58 33 69 154 93 169 106

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 40.25 40.25 40.25 40.25 40.25 36.59 36.59 36.59 36.59
Public 59.75 59.75 59.75 59.75 59.75 63.41 63.41 63.41 63.41
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Wed, 21 Jul 2021
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
In compliance with Regulation 74 (5) of SEBI (Depositories and Participants) Regulations 2018 we are forwarding herewith copy of Certificate received from M/s Kfin Technologies Private Limited the Registrar and Share Transfer Agent of the Company for the quarter ended June 30 2021.

Kindly take the same on record.
Wed, 21 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
115142
Name of the Signatory :- Satyendra Chauhan
Designation :- Company Secretary and Compliance Officer
Wed, 21 Jul 2021
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to Regulation 39 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we wish to inform you that Company had published the enclosed notice dated July 20 2021 for loss of share certificates in the following newspapers dated July 21 2021:

1. Financial Express (English)
2. Jansatta (Hindi)

The above is for your kind information and records.

Technical Scans View Details

Fri, 23 Jul 2021
Stock Underperforming Benchmark Index in both 1 Week and 3 Month Stock Underperforming Benchmark Index in both 1 Week and 3 Month
Stock Underperforming Sectoral Index in both 1 Week and 3 Month Stock Underperforming Sectoral Index in both 1 Week and 3 Month
Both SRS And ARS Below Zero Both SRS And ARS Below Zero
Close Crossing Lower Bollinger Band From Above Close Crossing Lower Bollinger Band From Above
Stochastic In Oversold Zone Stochastic In Oversold Zone

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