Multibagger tracker! This Jhunjhunwala-backed auto stock turned Rs 10,000 to Rs 3.5 lakh in just 10 years

economictimes.indiatimes.com:

Escorts Kubota have rallied nearly 3,500% in the last 10 years, delivering blockbusters to investors. If one would have invested about Rs 10,000 in stock a decade ago, the investment could have swelled to Rs 3.5 lakh, according to an analysis by ET Markets. The shares have delivered solid returns in the last three year too with 182% rise and gained about 130% in the last three years. Escorts Kubota offers agricultural machinery, construction and material handling machines, and railway equipment, serving customers worldwide. It has a market capitalisation of about Rs 31,400 crore and an EPS of 67.18 on a trailing twelve month (TTM) basis. The stock is currently trading at a PB of 3.73. According to the shareholding pattern available with the exchanges, promoters own majority of the stake at 67.64%, while the rest of 30.40% lies with the public shareholders.

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Among the public shareholders, mutual funds own about 8.13% stake in the company, while foreign portfolio investors have 5.19% stake. The company is backed by Rekha Jhunjhunwala with 1.62% stake Escorts reported an almost 93% jump in first-quarter profit, led by the increased demand for its construction and railway equipment. Net profit for the quarter through June was Rs 283 crore ($34.4 million), compared with Rs 147 crore a year earlier. It posted a more than two-fold jump in the profit before tax