Escorts Groupwas founded by Mr. Yudi Nanda & Mr. HP Nanda in the year 1944 as Escorts Agents Ltd.

Escorts limited is a Mid Cap company with a market capital of Rs 8376.29 Croreoperating in Auto sector. The company is managed by Mr Nikhil Nanda, who is the Chairman and Managing Director.

Escorts currently operates in three segments: tractors, construction equipment, and railway equipment. It had also diversified into other products, such as agricultural machinery, auto components, railway equipment, industrial and construction equipment, telecommunication equipment, healthcare, and software services.

It has five manufacturing facilities in Faridabad (India) and one in Poland. Total annual capacity is 1 lakh tractors and 10,000 units in construction equipment.The Company has nearly 1,200 sales & service outlets.

Escorts is the fourth largest player in the tractor segment in India after Mahindra & Mahindra Ltd, Tractors and Farm Equipment Ltd, and Interactional Tractors Ltd.

In 2019, Escorts limited entered into Joint Ventures with Japanese companies Tadano Limited and Kubota Corporation.

Escorts limited manufactures & supplies railway components (air brake system, EP brake system, draft gears and couplers, composition brake blocks, dampers and rubber components) to Indian Railways.

Revenue in the railway equipment business, the most profitable segment, is derived from sales of brakes, suspensions, and couplers. This segment has increased at a CAGR of 20% in the three fiscals through 2019.

For the quarter ended 31-12-2019, Escorts limited reported a consolidated sale of Rs 1650.22 Crore, which is up 23.73 % from last quarter Sales of Rs 1333.77 Crore and down -1.27 % from last year same quarter Sales of Rs 1671.42 Crore. The company has cash surplus of Rs 640 crore as on September 30, 2019.

CRISIL has reaffirmed its ‘CRISIL AA-/Stable/CRISIL A1+’ ratings on the bank facilities of Escorts Limited (Escorts); its rating on the commercial paper programme has been reaffirmed at ‘CRISIL A1+’.
As of 31-03-2020, the Escorts limited has a total of 122,576,878 shares outstanding.

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