Whalesbook
Aakhir hua kya? Performance acchi, phir bhi girawat!
Toh bhai, Escorts Kubota ne March 2026 quarter ke liye results announce kiye, aur numbers toh bade solid dikh rahe hain. Consolidated profit after tax (PAT) mein 18% ka jump aaya, jo ho gaya ₹320.5 Crore. Revenue bhi 21.4% badhkar ₹2,968.2 Crore pahunch gaya. Tractor volumes 21.1% bhatke aur construction equipment volumes bhi 9.2% badhe. Poore fiscal year 2026 ki baat karein toh revenue 12.7% badhkar ₹11,540 Crore aur profit 21.6% badhkar ₹1,366.4 Crore raha. Company ne ₹33 per share ka final dividend bhi propose kiya hai.
Phir stock kyo gira? Valuation aur Future ka Tension!
Abhi sab kuch accha lag raha hai na? Toh phir stock 5% se zyada kaise gir sakta hai? Asal game hai valuation ka. Axis Securities jaise brokerage firms ka kehna hai ki stock ka bhav bahut zyada hai (stretched valuations). Unhe lagta hai ki FY27 mein domestic tractor industry flat reh sakti hai, jisse company ke numbers par asar padega. Isi wajah se, Axis Securities ne stock ka target price bhi ₹3,590 se kam karke ₹3,530 kar diya hai. Unhone FY27 aur FY28 ke liye revenue estimates bhi kam kiye hain.
Kya hai asli risk?
Escorts Kubota ka paisa kaafi hadd tak tractors par depend karta hai. Agar tractor market mein growth nahi hui, toh company ke liye growth laana mushkil ho jayega. Monsoon ki uncertainty aur commodity prices ka badhna bhi ek problem ho sakti hai. Isliye, haalanki company ne achhi performance di hai, par future ko lekar analysts thoda cautious hain, aur isi wajah se stock par pressure dikh raha hai. Saath hi, March 8, 2026 ko stock ₹3,171 ke intraday low tak pahunch gaya tha. Is saal (Year-to-date) stock ab tak lagbhag 10% gir chuka hai. Brokers ka yeh bhi kehna hai ki company ki valuation fiscal year 2028 ke earnings ke 26 times par hai, jo kafi high mana ja raha hai.