Whalesbook
Dekho, Escorts Kubota ka total tractor sales April 2024 mein 10,857 units pahunch gaya, jo pichhle saal se 24.4% zyada hai. Iska credit jata hai domestic demand ko, jo 27.6% badh kar 10,398 units ho gaya. Lekin, export mein situation ulta hai, 21% girawat aayi aur sales 459 units pe aa gaya. Aur jo construction equipment wala business hai, woh toh flat hi raha, 396 machines bechi gai, pichhle saal bhi lagbhag itna hi tha. Stock bhi Thursday ko lagbhag 2% neeche, ₹3,278 par close hua, lagta hai investors mixed results aur future ki concerns ko dekh rahe hain.
Waise overall Indian tractor industry toh 2024 mein kaafi strong rahi hai. January mein retail sales 22.61% badhi thi aur FY24 mein toh record sales hue hain. March mein bhi wholesale volumes mein 24% ka jump tha. Yeh sab favorable monsoons aur GST rate reduction ki wajah se ho raha hai.
Market mein bade players jaise Mahindra & Mahindra (M&M) ne toh April mein domestic sales 20% badhai hain, aur exports bhi 30% badhe. Sonalika ne toh FY24 mein record sales kiye hain. Escorts Kubota ka domestic performance April mein kafi accelerate hua hai, par exports abhi bhi thoda peeche hain.
Abhi jo 21% export mein giriwat dikhi hai, woh ek sign hai ki international markets mein challenges hain. Construction equipment ka flat performance bhi growth mein help nahi kar raha. Company ne yeh bhi bataya hai ki global geopolitical issues ki wajah se supply chain mein dikkat aa sakti hai aur input costs badh sakte hain, jisse farmers ki kharidne ki capacity par asar padega. Weather patterns bhi uncertain hain.
Analysts ka abhi Escorts Kubota par 'Hold' ka view hai, matlab na zyada buy na zyada sell. Unke price targets average ₹3,539 se ₹3,743 ke aas paas hain agle 12 mahine ke liye. Dekhte hain company kaise manage karti hai yeh sab.