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India Ratings upgrades Escorts’ rating to ‘AA-’

14 Dec 2018 Evaluate

India Ratings and Research (Ind-Ra) has upgraded Escorts’ Long-Term Issuer Rating to ‘AA-’ from ‘A+’. The Outlook is Positive. The upgrade reflects a significant improvement in the company's revenue and profitability during FY18-1HFY19, and substantial deleveraging leading to a net cash position.

The Positive Outlook reflects Ind-Ra's expectation of a year-on-year improvement in profitability in FY19 and beyond.

Escorts offer a comprehensive range of tractors with more than 45 variants starting from 25 to 80 HP. The company also manufactures and markets a diverse range of equipments like cranes, loaders, vibratory rollers and forklifts.

Escorts Kubota Share Price

3307.00 12.35 (0.37%)
20-Apr-2026 10:43 View Price Chart
Peers
Company Name CMP
Escorts Kubota 3307.00
VST Tillers Tractors 5275.55
Indo Farm Equipment 148.35
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