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Escorts Kubota Q3 Results Review: Yes Securities Maintains 'Neutral' Stance, Lowers Target Price — Here's Why
Despite recent correction, the valuations at 30.3x/26.3x FY26/27 EPS, do reflect positive synergies making risk reward yet not favorable, says Yes Securities
11 Feb 2025, 11:10 AM IST 
Escorts Kubota's revenues grew 8.5% YoY (+29.6% QoQ) at Rs 29.4 billion as agri/construction equip revenues grew +9.4%/+4.1% YoY.
(Image source: Company website)
The brokerage believes, Escorts Kubota is more vulnerable versus peers as it derives ~75% of its revenues from agri segment and aggressive expansion by Sonalika, TAFE, John Deere, etc. necessitating tight balance between market share and margins.
