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Escorts Kubota

ESCORTS NSE
₹2,468.50 +28.80 (+1.18%)
P/E
19.97
View as Markdown
MCP
Close 4 Nov 2026 ₹2,468.50 −1,221.20 −33.1% 1Y
Start ₹3,689.70

Key Fundamentals

SmallcapAgricultural Commercial & Construction VehiclesCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
13.90%
Debt to Equity
0.01
EPS (TTM)
₹123.62
Book Value
₹1,107.32
Market Cap
—
P/E (TTM)
19.97
P/B
2.23
ROE
18.70%
Dividend Yield
2.09%
EBITDA
₹2,063 Cr
52W High
₹3,987.80
52W Low
₹2,376.40
Day Range
₹2,420.00 – ₹2,475.00
Volume
1,13,831

Peer Comparison

Industrials › Automobiles › Tractors

Escorts Kubota peer comparison
Escorts Kubota (this company)
₹2,468.5019.97₹27,385 Cr2.232.09%18.70%13.90%₹12,248 Cr₹1,383 Cr
VST Tillers Tractors
₹4,068.8031.94₹3,409 Cr3.220.64%10.10%13.80%₹1,271 Cr₹110 Cr
Gurunanak Agriculture
₹36.80—₹44 Cr0.940.00%20.50%27.30%——
Median 3 companies₹2,468.5025.96₹3,409 Cr2.230.64%18.70%13.90%₹6,760 Cr₹747 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

57 Good

Data confidence 100/100

Category scores

Quality
49
Average
Returns, margins, earnings quality 22% weight
Valuation
91
Strong
Cheap vs sector & own history 24% weight
Growth
59
Good
Sales & profit trajectory 9% weight
Financial Health
64
Good
Solvency, leverage, coverage 9% weight
Momentum
12
Poor
Trend strength, vol-adjusted 12% weight
Ownership
54
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company is almost debt free.
  • Company has delivered good profit growth of 19.6% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 22.4%

Weaknesses

3
  • The company has delivered a poor sales growth of 10.5% over past five years.
  • Company has a low return on equity of 13.9% over last 3 years.
  • Earnings include an other income of Rs.566 Cr.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1252
OscillatorsNeutral252
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
33.92
Neutral
MACD (12,26,9)
−86.03
Bearish
SMA (50)
2,796.05
Bearish
SMA (200)
3,056.83
Bearish

As of

Analyst Rating

Based on 16 analysts
HOLD69%

3 of 16 analysts rate Buy, 11 Hold, 2 Sell.

As of

BUY
3
19%
HOLD
11
69%
SELL
2
13%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+12.89%
5Y+10.47%
3Y+11.04%
1Y+12.65%
TTM+20.43%

Net profit

Net profit growth by window
10Y+42.36%
5Y+22.38%
3Y+55.48%
1Y+89.25%
TTM−41.40%

Operating cash flow

Operating cash flow growth by window
10Y+20.61%
5Y+4.11%
3Y+83.36%
1Y+37.69%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+8.27 pp
5Y−3.09 pp
3Y+3.82 pp
1Y+1.60 pp
TTM+0.99 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹4,145 Cr
Mar 2018₹5,059 Cr
Mar 2019₹6,262 Cr
Mar 2020₹5,810 Cr
Mar 2021₹7,014 Cr
Mar 2022₹7,283 Cr
Mar 2023₹8,429 Cr
Mar 2024₹9,804 Cr
Mar 2025₹10,244 Cr
Mar 2026₹11,540 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹131 Cr
Mar 2018₹347 Cr
Mar 2019₹478 Cr
Mar 2020₹472 Cr
Mar 2021₹872 Cr
Mar 2022₹736 Cr
Mar 2023₹637 Cr
Mar 2024₹1,077 Cr
Mar 2025₹1,265 Cr
Mar 2026₹2,394 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹390 Cr −5.2% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk medium

Escorts Kubota Ltd trades at ₹2,439.70 as of 2026-11-03, with a market cap of ₹26,734 Cr and a PE (TTM) of 19.74x. The company is virtually debt-free (debt-to-equity of 0.01) and has delivered strong 10-year compounded profit growth of 37%, though the stock has declined 24% over the past one year and sits 38.8% below its 52-week high of ₹3,987.80.

Bull Case 8
  • The company is virtually debt-free with a debt-to-equity ratio of just 0.01, providing significant financial flexibility and resilience across economic cycles.
  • Compounded profit growth over 10 years stands at 37% CAGR, reflecting a strong long-term earnings trajectory.
  • TTM sales growth of 20% marks a notable acceleration compared to the 3-year compounded sales growth of 11% and 5-year growth of 10%.
  • TTM profit growth of 21% is healthy and consistent with longer-term profit compounding trends.
  • The dividend yield of 2.1% as of 2026-11-03 is meaningful for a capital goods/automobile company, supported by a consistent payout ratio of 22.4%.
  • ROE for the last year improved to 19%, well above the 5-year average ROE of 13% and 3-year average of 14%, suggesting improving capital efficiency.
  • ROCE of 14.41% is respectable and is achieved on a near-zero debt capital structure, meaning returns are generated almost entirely on equity.
  • The stock trades at a price-to-book ratio of 2.2x as of 2026-11-03, which is moderate for a company with improving return ratios and the backing of a global parent in Kubota Corporation.
Bear Case 7
  • The stock has declined 24% over the past one year (1-year stock CAGR) and is down 38.8% from its 52-week high of ₹3,987.80, indicating sustained negative price momentum.
  • Five-year compounded sales growth of only 10% is modest, suggesting the core business has struggled to scale revenue at a faster pace.
  • Earnings include other income of ₹566 Cr, which raises questions about the quality and sustainability of reported profits since a material portion is non-operational.
  • Three-year stock CAGR of -7% shows that medium-term shareholders have experienced capital erosion despite underlying profit growth.
  • Three-year average ROE of 14% and 5-year average of 13% are below the levels typically expected of high-quality compounders, despite the near-zero leverage.
  • The current trailing PE of 19.74x may not fully reflect the risk that recent TTM profit growth of 21% could moderate if other income normalises.
  • EPS (TTM) of ₹123.62 includes the contribution from ₹566 Cr of other income; stripping that out would lower core operating earnings meaningfully.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Escorts Kubota is facing a difficult stretch — Q2 profits dropped over 20% on commodity cost pressures, and domestic tractor volumes are weakening with October sales down 10% and a double-digit decline expected in H2FY27. Bright spots include strong construction equipment growth at 41.6% and a monthly export rebound of 35.7% in October. The near-term trend is deteriorating on the core tractor business, and elevated input costs plus geopolitical uncertainty could further moderate demand into FY27's second half.

Headwinds 5
  • Q2 PAT drops 20.6% YoY Nov 02

    Standalone net profit fell 20.6% YoY to ₹255 crore in Q2FY27 despite 16.3% revenue growth, dragged by elevated commodity costs.

  • October tractor sales down 10% Nov 01

    Total tractor sales declined 10% YoY to 16,921 units in October 2026, with domestic sales down 10.9% to 16,412 units on high base effect and monsoon disruptions.

  • H2FY27 double-digit decline expected Nov 03

    FY27 tractor industry forecast revised to slight single-digit decline; H2FY27 expected to see double-digit volume drop after 8% growth in H1FY27.

Positives 3
  • Construction equipment surges 41.6% Nov 02

    Construction equipment sales rose 41.6% YoY to 640 units in October 2026, showing strong momentum in the non-tractor segment.

  • October exports jump 35.7% Nov 01

    Monthly tractor exports rose 35.7% YoY to 509 units in October 2026 versus 375 units a year ago, partially offsetting domestic weakness.

  • Revenue grows 16.3% in Q2 Nov 02

    Q2FY27 standalone revenue increased 16.3% YoY, indicating healthy top-line demand despite margin headwinds from input costs.

Quarterly Results

₹ Cr
ESCORTS quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
2,355
2,478
2,728
2,301
2,574
2,277
2,948
2,445
2,500
2,792
3,280
2,968
3,208
3,243
Expenses
2,024
2,214
2,402
2,015
2,259
2,047
2,616
2,158
2,179
2,432
2,846
2,588
2,853
2,955
Operating Profit
331
264
325
285
315
230
332
287
321
360
435
381
354
288
OPM %
14%
11%
12%
12%
12%
10%
11%
12%
13%
13%
13%
13%
11%
9%
Other Income
99
94
129
133
140
140
143
178
1,260
134
102
122
208
123
Interest
3
9
11
12
11
10
4
5
4
5
6
6
5
5
Depreciation
40
58
57
59
59
61
62
62
60
62
64
69
65
68
PBT
386
290
386
347
386
299
410
398
1,518
427
466
428
492
339
Tax %
25%
27%
23%
22%
22%
−8%
22%
20%
8%
26%
23%
25%
22%
26%
Net Profit
290
211
299
270
302
324
321
318
1,397
318
358
321
386
250
EPS (₹)
26.24
19.05
27.01
24.43
27.3
28.98
28.66
28.46
125
28.44
32.03
28.65
34.5
—

Sep 2026: from the results filed on 2 Nov 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
ESCORTS profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
4,113
3,432
4,145
5,059
6,262
5,810
7,014
7,283
8,429
9,804
10,244
11,540
12,248
Expenses
4,039
3,271
3,878
4,506
5,539
5,149
5,888
6,317
7,659
8,673
9,080
10,044
10,718
Operating Profit
73
161
268
553
723
661
1,126
966
770
1,130
1,164
1,496
1,529
OPM %
1.8%
4.7%
6%
11%
12%
11%
16%
13%
9%
12%
11%
13%
12%
Other Income
124
31
36
58
99
88
160
174
228
525
601
1,618
566
Interest
58
51
32
29
20
17
13
15
13
42
29
20
22
Depreciation
69
58
63
73
87
107
118
132
150
224
244
255
260
PBT
70
82
208
509
715
625
1,155
993
835
1,390
1,492
2,838
1,813
Tax %
−8%
15%
37%
32%
33%
25%
25%
26%
24%
23%
15%
16%
—
Net Profit
76
70
131
347
478
472
872
736
637
1,077
1,265
2,394
1,383
EPS (₹)
6.23
5.76
10.71
28.31
39.07
38.53
64.63
55.82
48.26
97.44
113
214
124
Div. Payout %
19%
21%
14%
7%
6%
6%
12%
13%
14%
18%
25%
24%
—

Balance Sheet

₹ Cr
ESCORTS balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
119
123
123
123
123
123
135
132
132
110
112
112
Reserves
1,711
1,344
1,498
2,093
2,551
2,995
4,891
7,468
8,055
9,278
10,255
12,261
Borrowings
484
368
265
51
281
48
61
52
57
448
105
162
Other Liabilities
1,235
1,134
1,313
1,706
1,753
1,849
1,791
1,456
1,841
2,563
2,623
3,257
Total Liabilities
3,550
2,968
3,199
3,973
4,707
5,014
6,878
9,108
10,085
12,400
13,095
15,792
Fixed Assets
1,596
1,539
1,581
1,588
1,647
1,702
1,796
1,841
1,891
2,165
2,053
2,146
CWIP
56
58
35
66
80
125
65
88
114
161
153
200
Investments
373
64
212
549
491
797
1,938
4,836
4,767
5,019
5,605
8,281
Other Assets
1,526
1,307
1,371
1,770
2,489
2,390
3,079
2,343
3,313
5,054
5,284
5,165
Total Assets
3,550
2,968
3,199
3,973
4,707
5,014
6,878
9,108
10,085
12,400
13,095
15,792

Cash Flow

₹ Cr
ESCORTS cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−10
212
304
460
−234
797
1,129
32
224
789
1,003
1,381
Investing
17
−44
−155
−374
−18
−421
−2,195
−1,856
−62
−759
−194
−1,127
Financing
1
−191
−113
−1
191
−300
1,003
1,810
−71
25
−702
−420
Net Cash Flow
8
−23
36
85
−61
76
−63
−14
91
54
107
−166
Free Cash Flow
−65
166
238
354
−387
607
1,013
−120
11
521
757
1,069
CFO/OP
15
127
130
102
−2
147
123
30
53
91
117
130

Ratios

ESCORTS financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
37
40
40
43
54
46
34
40
51
53
47
38
Inventory Days
64
70
58
61
73
84
56
62
73
90
70
67
Days Payable
92
115
117
132
107
123
94
66
75
87
82
100
Cash Conversion Cycle
9
−5
−19
−29
21
7
−3
36
49
57
35
5
Working Capital Days
−17
−39
−39
−26
12
9
−4
30
39
31
25
1
ROCE %
7%
8%
13%
26%
28%
21%
28%
16%
11%
14%
11%
14%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Escorts Kubota insights

62 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 68.04%
  • Public 13.24%
  • DIIs 10.00%
  • FIIs 7.08%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Escorts Kubota

What does Escorts Kubota Ltd do?
Escorts Ltd. is one of India’s leading engineering conglomerates engaged in the manufacturing of Agri-machinery, Construction & Material Handling Equipment and Railway Equipment.
Where is Escorts Kubota Ltd (ESCORTS) listed?
Escorts Kubota Ltd trades as ESCORTS on the NSE and under code 500495 on the BSE.
Which sector does Escorts Kubota Ltd belong to?
Escorts Kubota Ltd is classified under the Automobiles sector, in the Tractors industry.
What is the PE ratio of Escorts Kubota Ltd?
Escorts Kubota Ltd trades at a PE ratio of 19.97 as of 4 Nov 2026, on earnings per share of ₹123.62, against a book value of ₹1,107.32 per share.
What is the 52-week high and low of Escorts Kubota Ltd?
Over the last 52 weeks Escorts Kubota Ltd has traded between ₹2,376.4 and ₹3,987.8 as of 4 Nov 2026.
Does Escorts Kubota Ltd pay dividends?
Escorts Kubota Ltd has a dividend yield of 2.09%.
What is the Return on Equity (ROE) of Escorts Kubota Ltd?
Escorts Kubota Ltd reported a return on equity of 18.70%. Its debt-to-equity ratio is 0.01.

Company Information

Escorts Ltd. is one of India’s leading engineering conglomerates engaged in the manufacturing of Agri-machinery, Construction & Material Handling Equipment and Railway Equipment.

Website escortsgroup.com
CEO Mr. Nikhil Nanda
Employees 4,622
Listed 1 Mar 1995
Face Value ₹10

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