Tractor demand set to revive from H2

Company

08 Nov 2024 | 5 Min Read

Stock changes: CMP decreased to INR 3,644, TP decreased to INR 3,560 (-2%)

Financials: Sales and EBITDA expected to grow over the next few years

Valuations: P/E, P/BV, and EV/EBITDA ratios are provided

Shareholding pattern: Promoter, DII, FII, and others' holdings are detailed

Tractor demand: Expected to revive in the second half of FY25

Amalgamation impact: Margin dilution and EPS estimate reduction due to amalgamation with group companies