Escorts Finance Ltd

Escorts Finance Ltd (ESCORTSFIN)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-6.78 %
3 Month Return-8.06 %
1 Year Return23.97 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 241
Rank 254
Rank 286
Dividend Yield
Rank 73
Rank 426
Price To Book Ratio
Rank 189
Debt To Asset
Rank 2

Company Information

Incorporated on 9 Feb.87 as Escorts Leasing and Financial its name was changed to Escorts Financial Services in Dec.91 and ultimately to Escorts Finance Ltd. Promoted by Escorts the company is primarily engaged in purchase lease financing money market operations merchant banking and portfolio management activities. It is registered with the SEBI as a categoryI merchant banker.The company provides hirepurchase / lease finance to corporates / individual clients for acquisition of light and heavy commercial vehicles cars twowheelers textile machinery packaging machines computers and consumer durables. In 1992 the company launched its portfolio management scheme discretionary and non discretionary. In Jan.95 it came out with a public issue to significantly increase its hire purchase and leasing activities and to diversify into other areas of financial services. Aggregate disbursement for hire purchase and leased assets was Rs 2.30 cr during 199596.Company acquired 30 of the equity capital of Escorts Consumer Credit Ltd a company engaged in hire purchase finance leasing and bill discounting activities. The rating agency also reaffirmed the company with FAA ie High Safety rating.Company newly launched Ecash a Smart Card based secured electronic Purse. It facilitates off line transaction processing without the need for any authorisation. This is the first company who launch it in India Slowly gradually picking up popularity in India.During the year 2001 the companys Capital Adequacy Ratio was 29.09 against the RBI prescribed limited of 12. The company has also consolidated its core business activity i.e. construction equipment financing while maintaining its presence in two wheeler finance.The company is also examining suitable avenues for diversification given the limited scope for growth of its financial services business.The company has also maintained its rating on public deposits of MA by ICRA.
OrganisationEscorts Finance Ltd