Escorts Kubota Ltd logo

Escorts Kubota Ltd

ESCORTS NSE

Key Fundamentals

SmallcapTractorsAutomobiles
Market Cap
₹34,793 Cr
Volatility
Moderate
P/E Ratio
24.77
EBITDA
₹2,063 Cr
Return on Equity
11.05%
Debt to Equity
0.01
Book Value
₹1,107.32
EPS
₹95.23
52W High
₹4,180
52W Low
₹2,700

Insights

Beta

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

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49 extracted metrics + investor summaries across FY11–FY26.

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Tapetide Score

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

Technical Indicators

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

4
  • Stock is trading at 2.83 times its book value
  • 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% ↗
Net Income Growth
21.56% ↗
Cash Flow Change
37.68% ↗
ROE
1.84% ↘
ROCE
11.88% ↘
EBITDA Margin (Avg.)
12.18% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk medium

Escorts Kubota Ltd is a nearly debt-free farm equipment and construction machinery company with a market cap of Rs.34,879 Cr, trading at a PE of 25.3x. The company has delivered TTM sales growth of 20% and profit growth of 21%, though its 5-year sales CAGR of 10% remains modest relative to its profit expansion.

Bull Case 8
  • Company is virtually debt-free, providing significant financial flexibility and resilience during agricultural downturns
  • TTM revenue growth accelerated to 20%, well above the 5-year compounded sales CAGR of 10%, indicating improving demand momentum
  • Compounded profit growth of 47% over 3 years reflects significant margin expansion and operating leverage
  • ROE improved to 19% in the last year from a 5-year average of 13%, showing improving capital efficiency post Kubota partnership
  • Kubota Corporation's strategic partnership brings global technology, R&D capabilities, and export market access to the platform
  • Consistent dividend payout of 22.4% with a current yield of 1.63%, offering income alongside growth
  • 10-year stock CAGR of 26% demonstrates sustained long-term wealth creation track record
  • 10-year compounded profit growth of 37% significantly outpaces the 13% sales CAGR, indicating structural profitability improvement
Bear Case 8
  • 5-year compounded sales growth of only 10.5% is modest for a company trading at 25.3x earnings, raising valuation concerns
  • Stock trades at 2.83x book value, which is elevated for a capital goods/auto company with 13.9% three-year average ROE
  • Earnings quality concern: other income of Rs.566 Cr forms a meaningful portion of profits, inflating reported earnings
  • 3-year ROE of only 14% is below the cost of equity typically expected for a stock at this valuation multiple
  • Stock has declined 7% over the past 1 year, underperforming the broader market despite earnings growth
  • Highly cyclical business dependent on monsoons, rural income, and government subsidy policies which are inherently unpredictable
  • 3-year stock CAGR of just 6% versus 47% profit CAGR suggests the market may have already priced in future growth
  • 52-week high and low data unavailable, limiting visibility on recent price range and volatility assessment

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

AI News Digest

Anthropic anthropic claude-opus-4.6 18h ago
Headwinds 2
  • EBITDA margins fall on input costs Aug 4

    Q1FY27 EBITDA margins fell to 11.2% despite 28% revenue growth, pressured by rising input costs.

  • Tractor price hikes in August Aug 11

    Escorts Kubota raised tractor prices across all brands in August 2026, which could weigh on near-term demand if rural sentiment weakens.

Positives 6
  • Q1FY27 PAT surges 26% Aug 4

    Standalone normalized PAT rose 26% to ₹387.3 crore on revenue of ₹3,178.9 crore, up 28% YoY driven by volume growth.

  • July tractor sales up 22% YoY Aug 1

    Tractor sales hit 8,731 units in July 2026, up 22% YoY. Construction equipment volumes jumped 49.2%.

  • FY27 outlook revised upward Aug 4

    Raised tractor industry growth forecast to mid-single-digit from +2-3%. Capex guided at ₹850-900 crore with company sales expected to outpace the industry.

  • UP greenfield plant groundbreaking Aug 11

    Groundbreaking ceremony for new manufacturing facility near Noida International Airport advanced to August 19, 2026, signaling accelerated capacity expansion.

  • New Kubota tractor series launch Aug 7

    Plans to introduce a new tractor series under the Kubota brand shortly, expanding the premium portfolio.

  • MU4502/MU5002 with 8-year warranty Aug 14

    Launched two premium 41-50 HP tractors featuring Kubota's KQP4 engine and an industry-first 8-year transferable warranty targeting 5+ acre landholdings.

Neutral 4
  • Investor roadshow in Singapore/HK Aug 5

    Hosting institutional investor meetings in Singapore and Hong Kong from August 11-14 as part of Nuvama India Conference and non-deal roadshow.

  • Multiple analyst meets scheduled Aug 3

    Series of one-on-one virtual meetings with J.P. Morgan, Carnelian, and YK2 Partners scheduled through mid-August 2026.

  • Q1FY27 earnings call held Aug 3 Aug 3

    Conference call discussing Q1FY27 results held on August 3, 2026 with CFO Bharat Madan and key executives participating.

  • SPV for solar power approved Aug 4

    Board approved formation of an SPV for solar power generation and appointment of new statutory auditors.

TL;DR: Escorts Kubota is firing on all cylinders with 26% PAT growth, 22% tractor volume surge in July, and an upward FY27 guidance revision. Capacity expansion is accelerating with the UP greenfield plant and ₹850-900 crore capex plan. The key risk is margin compression from rising input costs (EBITDA at 11.2%), though pricing actions and premium product launches should provide an offset. The trend is clearly improving with strong volume momentum and diversified growth across tractors, construction equipment, and exports.

Quarterly Results

  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

  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

  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

  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

  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%

Shareholding Pattern

As of Jun 2026
Promoters 68.04%
Public 10.90%
DIIs 10.65%
FIIs 6.36%
Others 4.04%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Feb 2022Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023May 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
36.59%
36.59%
36.59%
30.25%
28.10%
28.10%
72.90%
72.90%
72.90%
72.90%
67.64%
67.64%
67.64%
67.64%
67.64%
67.64%
68.04%
68.04%
68.04%
68.04%
68.04%
68.04%
68.04%
68.04%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
6.69%
0.00%
5.85%
6.43%
6.32%
5.89%
5.22%
5.22%
5.27%
5.25%
5.72%
6.36%
DIIs
5.60%
5.63%
7.63%
8.57%
8.28%
0.40%
6.20%
7.61%
8.49%
8.11%
9.41%
9.85%
9.35%
10.41%
9.76%
10.37%
10.21%
10.20%
11.34%
11.43%
11.80%
12.20%
11.65%
10.65%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
17.15%
21.18%
18.57%
21.01%
19.74%
9.41%
12.15%
10.35%
10.16%
9.87%
11.79%
11.78%
11.25%
11.90%
11.89%
10.98%
11.02%
11.37%
10.99%
11.03%
10.75%
10.40%
10.48%
10.90%
Others
40.65%
36.60%
37.21%
40.18%
43.88%
62.09%
8.74%
9.14%
8.44%
9.12%
11.15%
10.72%
5.07%
10.05%
4.86%
4.57%
4.40%
4.50%
4.41%
4.27%
4.14%
4.11%
4.10%
4.04%
No. of Shareholders
1,38,576
2,31,476
1,86,617
1,80,135
1,85,129
1,64,063
1,64,293
1,57,471
1,45,418
1,40,553
1,38,913
1,36,351
1,32,792
1,40,368
1,40,705
1,33,923
1,33,076
1,40,792
1,35,098
1,37,631
1,34,658
1,28,122
1,31,303
1,38,521

Documents

Frequently Asked Questions about Escorts Kubota Ltd

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 is listed on the Indian stock exchanges. It is listed on NSE: ESCORTS and BSE: 500495. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Escorts Kubota Ltd belong to?
Escorts Kubota Ltd operates in the Automobiles sector within the Tractors industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Escorts Kubota Ltd?
Escorts Kubota Ltd has a market capitalisation of approximately ₹34792.86 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Escorts Kubota Ltd?
The Price-to-Earnings (PE) ratio of Escorts Kubota Ltd is 24.77. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Escorts Kubota Ltd?
Over the past 52 weeks, Escorts Kubota Ltd has traded between a low of ₹2,700 and a high of ₹4,180. This range helps investors understand the stock's price volatility and recent trading levels.
Does Escorts Kubota Ltd pay dividends?
Yes, Escorts Kubota Ltd has a dividend yield of 1.63%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Escorts Kubota Ltd?
Escorts Kubota Ltd has a Return on Equity (ROE) of 11.05%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Escorts Kubota Ltd on Tapetide?
On Tapetide, you can view Escorts Kubota Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

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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