Performance in line; near-term outlook remains weak

10 May 2024
5 Min read 
  • Escorts Kubota's 4QFY24 results update includes changes in estimates, target price, and rating.
  •  The company's financials and valuations show a growth in sales and EBITDA margin.
  •  The management commentary highlights the outlook for tractor demand, capex plans, and business segments.
  •  The construction equipment segment is expected to see a sustainable EBIT margin and rebound in demand post-monsoon.
  •  The railway segment's order book and EBIT margin for FY25 are discussed in the management commentary.
  •  The valuation and view suggest a neutral rating with a target price based on EPS.
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