Escorts Kubota logo

Escorts Kubota

ESCORTS NSE

Key Fundamentals

SmallcapTractorsAutomobiles
Market Cap
₹29,331 Cr
Volatility
Moderate
P/E Ratio
21.58
EBITDA
₹2,063 Cr
Return on Equity
11.05%
Debt to Equity
0.01
Book Value
₹1,107.32
EPS
₹95.23
52W High
₹3,987.8
52W Low
₹2,700

Tapetide Score

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

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.

Growth Rate

Revenue Growth
13.09% higher than 3Y
Net Income Growth
21.56% lower than 3Y
Cash Flow Change
37.68% lower than 3Y
ROE
1.84% lower than 3Y
ROCE
11.88% higher than 3Y
EBITDA Margin (Avg.)
12.18% lower than 3Y

AI Analysis — Bull vs Bear

5d ago
AI opinion · based on fundamentals
Risk medium

Escorts Kubota has a market cap of about Rs 31,693 Cr and trades at a P/E of 22.9x and a P/B of 2.55x. Over the trailing twelve months, sales grew 20% and profit grew 21%, and last year's ROE of 19% was above its 3-year average of 14%. The stock has still fallen 19% over the past year and 5% a year over three years. Longer-term sales growth has been modest at 10.5% CAGR over 5 years, and earnings include Rs 566 Cr of other income.

Bull Case 7
  • Growth has picked up recently. TTM sales grew 20%, about double the 5-year sales CAGR of 10% and the 3-year CAGR of 11%.
  • Profit has compounded quickly. Profit CAGR is 47% over 3 years, 20% over 5 years (19.6% per the company data) and 37% over 10 years, with TTM profit growth of 21%.
  • Returns are improving. Last year's ROE of 19% is well above the 3-year average of 14% and the 5-year average of 13%.
  • The company is almost debt free, which cushions it against interest-rate swings and a cyclical tractor market.
  • Shareholders get a steady cash return. The dividend yield is 1.81% and the payout ratio is 22.4%, which leaves most profits for reinvestment.
  • The stock is cheaper than a year ago. After a 19% fall over one year, the P/E stands at 22.9x, an earnings yield of about 4.4%, even as TTM profit grew 21%.
  • Long-term shareholder returns have been strong, with a 10-year stock CAGR of 22% and a 5-year CAGR of 14%.
Bear Case 7
  • Long-term sales growth is modest. The 5-year sales CAGR is 10.5% and the 10-year CAGR is 13%, which points to a mature, cyclical core business.
  • Other income makes up a large share of earnings. The Rs 566 Cr of other income equals roughly 41% of the implied trailing earnings of about Rs 1,384 Cr (market cap of Rs 31,693 Cr divided by a P/E of 22.9). That makes operating quality harder to judge.
  • Average returns on equity are low. The 3-year ROE of 13.9%, 5-year of 13% and 10-year of 14% are modest for a stock priced at 2.55x book.
  • The valuation is rich compared with book value. At a P/B of 2.55x (2.58x per the company data) and a 3-year ROE of 14%, the price assumes recent return levels will hold.
  • Shareholder returns have been weak recently. The stock is down 19% over one year and has a negative 5% CAGR over three years, despite 47% profit CAGR over the same period.
  • The 47% 3-year profit CAGR likely comes off a low base. That rate is more than four times the 11% sales CAGR, so it may not continue once margins normalise.
  • The dividend yield of 1.81% and payout of 22.4% offer limited income support if the tractor cycle turns down.

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

AI News Digest

21h ago
Headwinds 1
  • ₹10.08 lakh J&K GST penalty Sep 17

    The Deputy Commissioner of State Taxes, Jammu & Kashmir, fined the company ₹10,08,000 for goods detained in transit without enough supporting documents. The amount is immaterial, but it points to a compliance gap in logistics paperwork.

Positives 2
  • Ex-Panasonic CEO heads Agri Business Sep 21

    Manish Sharma, who led Panasonic India for 17 years, became President-Agri Business effective September 21, 2026. He will run the Tractor, Agri Solutions and Service & Spare Parts divisions in domestic and international markets and is tasked with hitting annual and mid-term plan targets. He has 30+ years of experience but none in agri machinery, which adds some execution risk.

  • Heavy institutional investor engagement Sep 15

    Management met or scheduled meetings with Rare Enterprises (Sep 3), Enam AMC, Baillie Gifford and East Bridge Capital (Sep 11-17), Arika Capital (Sep 15), and Quest Investment Managers (Sep 25). It also joined the J.P. Morgan and Anand Rathi conferences and hosted a Faridabad plant visit on Sep 23, showing strong buy-side interest.

Neutral 2
  • ₹453 crore block trade flagged Sep 23

    About 16,22,050 shares worth ₹453.20 crore traded on BSE at around ₹2,794.00 per share. The signal came from a trade scanner and has not been confirmed by the exchange, and buyer and seller identities are unknown.

  • ESG rating of 66.12 Sep 18

    Niche Ninety Nine gave the company an ESG rating of 66.12 on September 17, 2026, based only on public domain information. This was an independent, unsolicited assessment.

TL;DR: Escorts Kubota's news this month is mostly governance and investor relations, with no operating data. The main development is hiring former Panasonic India CEO Manish Sharma to lead its largest segment, Agri Business, while Kubota keeps its 53.5% promoter stake. The ₹10.08 lakh GST penalty is immaterial, and the unconfirmed ₹453 crore block trade near ₹2,794 suggests a large shift in ownership worth watching. Investors should look at September-October tractor volumes, festive-season rural demand, and early strategy signals from the new Agri head to judge whether momentum is improving.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
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
Operating Profit
331
264
325
285
315
230
332
287
321
360
435
381
354
OPM %
14%
11%
12%
12%
12%
10%
11%
12%
13%
13%
13%
13%
11%
Other Income
99
94
129
133
140
140
143
178
1,260
134
102
122
208
Interest
3
9
11
12
11
10
4
5
4
5
6
6
5
Depreciation
40
58
57
59
59
61
62
62
60
62
64
69
65
PBT
386
290
386
347
385
299
410
398
1,518
427
466
428
492
Tax %
25%
27%
23%
22%
22%
-8%
22%
20%
8%
26%
23%
25%
22%
Net Profit
290
211
299
270
302
324
321
318
1,397
318
358
321
386
EPS in Rs
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
Figures in ₹ Crores

Profit & Loss

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 in Rs
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%
—
Figures in ₹ Crores

Balance Sheet

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
Figures in ₹ Crores

Cash Flow

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
Figures in ₹ Crores

Ratios

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

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Shareholding Pattern

Others4.04%Promot.68.04%FIIs6.36%DIIs10.65%Public10.90%As ofJun 2026

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. [1]
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 market capitalisation of Escorts Kubota Ltd?
Escorts Kubota Ltd has a market capitalisation of ₹29,331 Cr, which places it in the Large Cap band.
What is the PE ratio of Escorts Kubota Ltd?
Escorts Kubota Ltd trades at a PE ratio of 21.58, on earnings per share of ₹95.23, 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 ₹2,700 and ₹3,987.8.
Does Escorts Kubota Ltd pay dividends?
Escorts Kubota Ltd has a dividend yield of 1.88%.
What is the Return on Equity (ROE) of Escorts Kubota Ltd?
Escorts Kubota Ltd reported a return on equity of 11.05%. 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. [1]

Website escortsgroup.com
CEO Mr. Nikhil Nanda
Employees 4,622
Listed 1995-03-01
Face Value ₹ 10
Issued Size 11,18,77,754

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