Makes and sells tractors and construction equipment in India. The agri machinery segment sold 1,33,670 tractors in FY26 across three brands, generating ₹9,841.19 cr of revenue (84.3% of segment revenue) and ₹1,226.94 cr of EBIT; the segment also serves farm mechanisation customers, a line that grew at over 35% CAGR in the past three years. The construction equipment segment sold 5,794 machines in FY26, contributing ₹1,685.92 cr of revenue (14.4%) and ₹133.06 cr of EBIT; in Q4 FY26 it gained 2.7% market share in cranes and held the #1 position in mini excavators in India. Monthly volumes in early FY27 (June: 13,695 tractors, +19.1% YoY; July: 8,731 tractors, +22% YoY; CE 534 units in July, +49.2%) indicate continued momentum. A discontinued railway equipment operation contributed a one-time profit of ₹1,203.05 cr before tax. The biggest cost line is materials at 56.5% of revenue, with steel (+7-8%), base metals (double-digit) and tyres (+15-20% asking) flagged as inflation pressure by management; April 2026 saw a 1.5% price hike across brands. Growth investments include a ₹2,000+ cr greenfield plant (Phase 1) and ₹700 cr committed to a captive NBFC for dealer/farmer finance. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Agri machinery products (84%), Construction equipments (14%), Revenue from discontinued operations (1%), Unallocated (0%). Cyclical, capital-goods OEM exposed to rural demand, government infrastructure spend and commodity prices.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 7,238 | 8,429 | 8,850 | 10,244 | 11,540 |
| EBITDA (ex other income) | 951 | 724 | 1,167 | 1,164 | 1,520 |
| margin % | 13.1 | 8.6 | 13.2 | 11.4 | 13.2 |
| Owners' profit | 736 | 637 | 1,049 | 1,265 | 2,394 |
| EPS, as reported (₹) | 74.06 | 58.85 | 96.80 | 115.04 | 217.61 |
| ROE % · ROCE % | 9.7 · 13.4 | 7.8 · 10.2 | 11.4 · 14.9 | 12.2 · 12.9 | 19.4 · 14.4 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 32 | 224 | 1,032 | 1,003 | 1,381 |
| Capex | (173) | (190) | (176) | (223) | (279) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,488 | 2,948 | 2,445 | 2,500 | 2,792 | 3,280 | 2,968 | 3,208 |
| Profit before tax | 307 | 378 | 351 | 490 | 427 | 466 | 428 | 492 |
| Net profit | 324 | 321 | 318 | 1,397 | 318 | 358 | 321 | 386 |
| EPS (₹) | 29.48 | 29.16 | 28.96 | 127.01 | 28.92 | 32.57 | 29.13 | 35.08 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Agri machinery products | 9,841 | 84.3 |
| Construction equipments | 1,686 | 14.4 |
| Unallocated | 13 | 0.1 |
| Revenue from discontinued operations | 134 | 1.1 |
| Total, before eliminations | 11,674 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ESCORTS KUBOTA LIMITED ◆ |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · Escorts Kubota to hold investor meeting with Arika Capital on Sep 15 | board shareholder meetings | low | — | — |
| 10 Sept 2026 · Escorts Kubota schedules investor meeting with Arika Capital on September 15 | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Escorts Kubota to meet Enam AMC, Baillie Gifford and East Bridge Capital | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Escorts Kubota schedules investor meetings with 3 funds | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Schedule of analyst and investor meetings from September 11 to 17, 2026 | board shareholder meetings | low | — | — |
| 3 Sept 2026 · ESG Rating slips to 68 from 69, categorized as Aspiring for FY26 | general | medium | — | — |
| 3 Sept 2026 · Escorts Kubota ESG rating slips to 68 (Aspiring) for FY26 | business updates | medium | — | — |
| 2 Sept 2026 · Escorts Kubota launches 6055 Classic Dark Edition and PROMAXX 2.0 tractors | compliance | low | — | — |
| 1 Sept 2026 · Escorts Kubota schedules investor meeting with Rare Enterprises on Sep 3 | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Escorts Kubota Aug 2026: tractor sales up 19.1%, CE up 16% | business updates | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 32,389 |
| 23.0 |
| 2.62 |
| 15.5 |
| 19.4 |
| 14.3 |
| 10.5 |
| 17.5 |
| VST TILLERS TRACTORS LTD | 3,498 | 32.1 | 3.20 | 20.4 | 9.6 | 12.3 | — | 21.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 23.0 | 29.6 | 2 of 11 | 90% |
| P/B | 2.6 | 5.2 | 3 of 11 | 80% |
| ROCE | 14.3 | 12.3 | 5 of 11 | 60% |
| ROE | 19.4 | 16.2 | 5 of 11 | 60% |
| Debt / Equity | 0.0 | 0.3 | 4 of 11 | 70% |
| EBITDA margin | 17.5 | 15.2 | 4 of 12 | 73% |
| Revenue growth | 28.3 | 20.1 | 4 of 11 | 70% |
| Profit growth | (72.4) | 7.3 | 10 of 10 | 0% |
| Market cap | 32389 | 8147 | 3 of 12 | 82% |
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| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
