Manufactures compact tractors, power tillers and power weeders for Indian small and marginal farmers, and exports to over 40 countries including Europe under the FieldTrac brand. The product range spans 2-50 HP and is sold through 1,000-plus dealers domestically, with power tillers the dominant category where the company holds a 70-75% market share. Power weeder volumes scaled from roughly 2,000 to 11,500 units over three years as the segment replaces imports. Higher-horsepower tractors are being scaled up via the VST Zetor joint venture in FY27, a US market launch is targeted by end CY2027, and electric tillers and weeders commercialise from Q2 FY27. Around 16-20 new product launches are planned over 18 months, alongside a ₹100 crore global technology centre targeted to be operational by 2027. Raw materials form the largest input cost at 60% of revenue, with employees and other operating costs each near 9%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Tractors (compact, 2-50 HP), Power tillers, Power weeders, Electric tillers and weeders. Compact tractors and small farm machinery — seasonal demand tied to the monsoon and rural cash flows.
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 968 | 995 | 1,240 |
| EBITDA (ex other income) | 124 | 110 | 165 |
| margin % | 12.8 | 11.0 | 13.3 |
| Owners' profit | 121 | 0 | 105 |
| EPS, as reported (₹) | 140.13 | 107.60 | 121.16 |
| ROE % · ROCE % | 13.1 · 16.1 | 9.3 · 11.5 | 9.6 · 12.4 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 |
| Cash from operations | 49 | 77 | 132 |
| Capex | (7) | (20) | (26) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 283 | 2,191 | 301 | 282 | 315 | 314 | 328 | 313 |
| Profit before tax | 57 | 36 | 32 | 57 | 37 | 41 | 9 | 62 |
| Net profit | 45 | 13 | 24 | 44 | 25 | 30 | 5 | 48 |
| EPS (₹) | 51.85 | 1.48 | 28.27 | 51.16 | 28.90 | 35.21 | 5.89 | 55.97 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ESCORTS KUBOTA LIMITED | 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) | 32.1 | 29.6 | 8 of 11 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · Newspaper notice on SEBI special window for physical share transfer | compliance | minimal | — | — |
| 3 Sept 2026 · Notice of 58th AGM published in newspapers | compliance | minimal | — | — |
| 2 Sept 2026 · 58th AGM on Sept 23, 2026; Dividend of Rs 25 per share recommended | compliance | minimal | — | — |
| 2 Sept 2026 · VST Tillers: 58th AGM on Sep 23, 2026; Rs 25/share dividend recommended | compliance | minimal | — | — |
| 1 Sept 2026 · Final Dividend Rs 25 per share; 58th AGM on Sep 23, 2026 | corporate actions | high | — | — |
| 1 Sept 2026 · 58th AGM Notice with Rs 25 Final Dividend Recommendation | board shareholder meetings | low | — | — |
| 1 Sept 2026 · VST Tillers Tractors files BRSR sustainability report for FY2025-26 | compliance | low | — | — |
| 1 Sept 2026 · Annual Report FY26 with AGM Notice; Final Dividend Rs 25 per share | board shareholder meetings | medium | — | — |
| 1 Sept 2026 · August 2026 sales volume declines year-on-year | business updates | medium | — | — |
| 19 Aug 2026 · Q1 FY27 Concall Transcript: Margin Pressure, Multi-Year Targets Reaffirmed | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 30% |
| P/B | 3.2 | 5.2 | 4 of 11 | 70% |
| ROCE | 12.3 | 12.3 | 6 of 11 | 50% |
| ROE | 9.6 | 16.2 | 7 of 11 | 40% |
| Debt / Equity | 0.0 | 0.3 | 1 of 11 | 90% |
| EBITDA margin | 21.8 | 15.2 | 2 of 12 | 91% |
| Revenue growth | 11.0 | 20.1 | 10 of 11 | 10% |
| Profit growth | 9.5 | 7.3 | 5 of 10 | 56% |
| Market cap | 3498 | 8147 | 8 of 12 | 36% |
| 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.
