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Escorts Ltd.

BSE: 500495 | NSE: ESCORTS |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE042A01014 | SECTOR: Auto - Tractors

BSE Live

Sep 16, 16:00
1451.35 -13.50 (-0.92%)
Volume
AVERAGE VOLUME
5-Day
187,383
10-Day
136,083
30-Day
128,421
62,889
  • Prev. Close

    1464.85

  • Open Price

    1468.00

  • Bid Price (Qty.)

    1444.00 (10)

  • Offer Price (Qty.)

    1448.00 (85)

NSE Live

Sep 16, 15:56
1447.85 -17.95 (-1.22%)
Volume
AVERAGE VOLUME
5-Day
1,589,183
10-Day
1,593,966
30-Day
1,992,171
857,620
  • Prev. Close

    1465.80

  • Open Price

    1466.20

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    1447.85 (1098)

Annual Report

For Year :
2019 2018 2017 2016 2015 2014 2012 2011 2010

Chairman's Speech

Dear shreholders THESE ARE SOME OF THE MOST EXCITING TIMES IN THE HISTORY OF OUR NATION The new government in India has enunciated its intention to not merely revive the economy, but to ensure that one of the world''s most ancient civilisations catches up with its considerable potential in the shortest time. It is our humble understanding that any country that sets out to do so will need to build on some critical blocks. In the India of today, these building blocks can be narrowed down to food, homes and personal mobility - for all At Escorts, we are attractively placed to play a responsible role in this transformation Each of our businesses addresses a core national requirement. Our agri-machinery business addresses the need for more food for the country. Our construction equipment business provides the widest complement of construction machines. Our railway business manufactures products that address safety, comfort and reliability. Our auto products business manufactures components used in automobiles. The complement of these businesses is directed towards enhancing the life quality of consumers, communities, countries and the world. What provides me with considerable optimism is that the need for enhanced life quality is now emerging as a fundamental right across societies. As incomes are rising across the world, people are demonstrating a willingness to eat better, live better and travel better. It is our connection with this improving life quality that convinces me that the rationale for our presence in diverse businesses will actually strengthen over the coming years. At Escorts, this business complement when seen as a holistic composite resist the severity of the challenging slowdown of the last few years, making it possible to report revenue and profit growth higher than the national or any of our respective sectoral averages. Now that the worst appears to be over, we are optimistic that our business model will respond more favourably to national and global priorities. If there is one reason behind my optimism it is that at Escorts, we never lose sight of the fact that we are in business to serve the growing needs of our customers. Over the years, we strengthened our service commitment from a conventional ''we make, you buy'' approach to customised product manufacture. We extended this service orientation from mere product manufacture to holistic solutions delivery. This widening relevance was manifested through wider product choice, increased customer proximity and a greater focus on the health of the customer''s business. I am happy that we have brought a new energy to the challenges facing us. We are strengthening our position as a company dedicated to frugal engineering excellence. We are engaging in technology collaborations with global majors. We are accelerating innovation to put pioneering, cutting-edge products in the marketplace. We are deepening relationships with our customers. We are responding to a fast-changing marketplace with strategic flexibility. We are bringing to our stakeholders a refreshing new experience. At Escorts, I am convinced that the better we manage these intangibles, the more sustainably we will deliver tangible numbers across the foreseeable future. This is our blueprint for serving mankind and making the world a better place. Rajan Nanda, Chairman & Managing Director Iam pleased to present Escorts''Annua Report for the year 2012-14 and am happy to share that the period was an eventful one marked by significant milestones, creditable performance and all-round holistic growth. Looking back at this incredible journey, I have come to realise that an entrenched entrepreneurial spirit driven by the urge to innovate has fuelled every step of this journey. The zeal to do things differently is anchored on the foundations of Escorts fulfilling a responsible role in nation- building by contributing to hunger and poverty eradication through world-class technology and infrastructure solutions. These overarching initiatives drove a new energy through our enterprise, enabling us to focus on our pillars of technology and customer focus. Aligning corporate priority with the nation''s most critical needs, we reinforced our commitment to our vision that of emerging as an integrated provider of crop products and solutions to farmers and become one of the top engineering companies of India. Towards widening the reach of this overarching message that inspires one to embrace radical change, we made a small ''move'' to trigger the transformation of the organisation and the country and turn it into a ''movement''. The 2020 product development initiatives that we have commenced across all our businesses are a pledge to delight our customers towards helping them be more productive. We are also working with global companies of international repute to harness emerging future technologies and information. In effect, with every move, we are meeting a new tomorrow. I am pleased to state that we received an encouraging response from our stakeholder community employees, dealers, customers and financial partners and expect the returns from this initiative to translate into better results over the foreseeable future. The performance of Escorts during the period (2012-14) reiterated our focus of staying true to our ethos of customer-centricity, innovation and operational excellence. This has driven us to launch new and specialised products both in India and across the matured markets of Europe, create compelling agro-economic solutions that boost yield and farm productivity, establish our formidable construction equipment product suite across important national projects and leverage the value of our railway and auto products portfolio to tap a larger bouquet of marquee clients. Going forward, Escorts will focus on creating specific, customer-focused product strategies that will be driven by what our customers actually want from us. All our efforts will be committed towards significantly improving capital returns and drive wealth creation for our customers. Specifically across our businesses, we will continue to engage in operational restructuring, headcount reduction, prudent outsourcing, portfolio enrichment and value-addition. The complement of these initiatives is expected to enhance revenues, margins and profits with the objective to enhance value for all our stakeholders. I am confident that our passion and hard work, coupled with our ability to embrace world-class technology and engineering excellence will help us rise against the odds and scale new peaks. Best wishes, Nikhil Nanda Managing Director