Escorts Kubota Rating- sell; Strong order book to drive growth
时间:2024-09-29 04:09:24 阅读(143)
In a recent analyst meet, Escorts Kubota’s management outlined to analysts its strategy for the next five years. The company targets to increase revenues by 2.5X FY2022 levels by FY2028 and improve Ebitda margin to mid-teens by FY2028 from 10.8%. These targets are based on market share gains in the tractor segment, significant growth in the export segment and strong growth visibility in the railways business due to a strong order book and increased government spends. SELL stays.
In its Vision 2028, the company intends to grow its revenues by >2.5X over FY2022-28, implying a revenue CAGR of 16%. In terms of segments, the company intends to grow tractor segment revenues by 2.5X and railway segment revenues by 3X over FY2022-28. Exports will continue to remain a key focus area for the company and it targets to improve its export to 15-20% in FY2028 from 6.4% in FY2022.
Also read: Rasna founder Areez Pirojshaw Khambatta passes away at 85
The company aspires to attain leadership position in India-led tractor exports. With a strong order book, we expect railway segment revenues to see double-digit CAGR over FY2022-24E. However, we believe that the performance of tractor segment will be key driver for the stock, which we expect to remain under pressure.
上一篇:App Review- Get in shape with Pocket Yoga
下一篇:Yes Bank shares tank 8% as lock-in period ends, stock hit a low of Rs 14
猜你喜欢
- Amid rising threats in Indian Ocean Region, Indian Navy conducts Exercise Tropex – See Photos
- Aeroflex Industries files draft papers to raise Rs 350 crore via IPO
- Alpex Solar files DRHP with NSE Emerge
- Adani Energy Solutions wins bid for Halvad Transmission project
- Andhra Pradesh- One dead, 2 including MLC injured as car collides with lorry in Nellore
- Adani stocks rout- Country’s regulators are seized of matter, says FM Nirmala Sitharaman
- Apple Watch Series 8 under Rs 25,000 on Flipkart ahead of New Year 2024 is a no-brainer deal you shouldn’t miss
- Adani Enterprises, Ultratech Cement, ICICI Lombard, IndusInd Bank, L&T Tech, HDFC AMC stocks in focus
- Analyst Corner- Maintain ‘Buy’ on HDFC Bank, ‘growth runway’ is huge