Escorts Kubota Ltd.

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escortskubota.comBSE: 500495NSE: ESCORTS

Market Cap₹ 33,418 Cr.

Current Price

High / Low₹ 3,988 / 2,700

Stock P/E23.9

Book Value₹ 1,143

Price to Book2.47

Dividend Yield1.71 %

ROCE16.2 %

ROE12.1 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

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PROS

Company is almost debt free
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.02x)
Company has been maintaining a healthy dividend payout of 41.3%
Company has a consistent dividend-paying track record
Stock looks reasonably valued - P/E of 23.9 is below its historical median
Company generates healthy free cash flow

CONS

Recent results are weak - TTM profit is down 40.4% versus prior year
A large part of profit comes from other income (31.0% of PBT)
Working capital days have increased from 140 to 211 days
Recurring exceptional / one-off items are inflating headline profit
Company has delivered a poor profit growth of 9.6% over past five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsAutomobile & AncillariesAutomobiles-Tractors

Part ofNIFTY MNC NIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 150 NIFTY TOTAL MKT

S.No.	Name
1.	ESCORTS	2987.00	24.16	33417.89	1.71	385.93	-97.24	3207.55	28.30	16.08	11.05
2.	VSTTILLERS	4077.80	32.39	3528.42	0.61	48.43	9.52	313.40	10.96	13.73	12.76
3.	INDOFARM	144.15	27.80	692.66	0.00	56.57	941.04	1102.43	1045.25	7.44	13.12

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	2,328	2,465	2,706	2,290	2,556	2,265	2,935	2,430	2,483	2,777	3,261	2,951	3,179
	2,001	2,198	2,383	1,999	2,239	2,032	2,600	2,137	2,158	2,414	2,823	2,565	2,893
Operating Profit	327	267	324	291	317	233	335	293	325	363	439	386	286
OPM %	14.05%	10.82%	11.96%	12.71%	12.40%	10.28%	11.42%	12.05%	13.09%	13.08%	13.45%	13.08%	9.01%
	95	94	100	106	102	115	109	105	232	134	101	121	207
Interest	3	9	10	11	10	9	3	5	4	4	6	5	5
Depreciation	40	58	56	59	59	61	61	61	59	61	64	69	64
Profit before Tax	379	294	357	327	350	278	380	331	494	431	470	434	494
Tax %	25.30%	27.32%	24.50%	23.93%	23.99%	-8.93%	23.60%	24.32%	24.55%	25.50%	22.94%	25.13%	21.56%
Net Profit	283	213	270	248	266	303	290	251	373	321	362	325	387
	23.18	19.44	24.58	47.68	24.23	27.52	29.37	22.79	33.87	29.19	32.93	29.52	35.20

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	4,093	4,995	6,196	5,761	6,929	7,197	8,345	9,731	10,187	11,473	12,168
	3,797	4,444	5,482	5,085	5,804	6,202	7,614	8,598	9,027	9,963	10,694
Operating Profit	296	552	714	676	1,125	995	731	1,133	1,160	1,510	1,474
OPM %	7.23%	11.04%	11.53%	11.73%	16.24%	13.83%	8.76%	11.64%	11.39%	13.16%	12.12%
	75	58	111	83	159	169	233	392	449	591	564
Interest	31	29	18	15	11	13	10	39	27	19	20
Depreciation	63	72	85	105	116	130	148	224	243	253	258
Profit before Tax	277	509	721	639	1,157	1,022	805	1,262	1,340	1,829	1,829
Tax %	27.32%	32.25%	32.93%	24.00%	24.46%	25.08%	24.61%	24.89%	17.13%	24.50%	23.69%
Net Profit	201	345	484	486	874	766	607	948	1,110	1,381	1,396
EPS	13.43	28.85	40.58	40.63	68.05	58.71	46.68	85.79	99.22	123.43	—
Dividend Payout %	9.14%	7.11%	6.34%	6.31%	11.57%	12.06%	15.22%	20.98%	28.22%	41.32%	—

COMPOUNDED SALES GROWTH

10 Years:: 13%
5 Years:: 11%
3 Years:: 11%

COMPOUNDED PROFIT GROWTH

10 Years:: 37%
5 Years:: 22%
3 Years:: 58%

STOCK PRICE CAGR

10 Years:: 24%
5 Years:: 17%
3 Years:: -3%
1 Year:: -20%

RETURN ON EQUITY

10 Years:: 13%
5 Years:: 11%
3 Years:: 11%
Last Year:: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	123	123	123	123	135	132	132	110	112	112
	1,868	2,426	2,896	3,350	5,238	7,732	8,291	9,293	10,264	12,285
	293	74	305	60	84	77	80	370	113	127
Trade Payables	894	1,225	1,212	1,264	1,187	878	1,233	1,632	1,626	2,175
	289	422	461	515	560	553	573	1,005	982	1,068
Total Liabilities	3,466	4,269	4,997	5,312	7,203	9,372	10,308	12,410	13,097	15,767
	1,554	1,558	1,607	1,665	1,713	1,750	1,809	2,162	2,042	2,135
Capital Work in Progress	27	47	53	104	41	56	69	126	123	161
	587	894	857	1,166	2,305	5,133	5,031	5,073	5,641	8,422
	429	541	822	822	674	804	1,159	1,656	1,344	1,401
	0	0	0	0	0	0	0	1,463	1,380	1,234
Cash & Bank	228	312	230	318	1,317	258	468	1,191	1,114	827
	640	918	1,428	1,236	1,153	1,370	1,772	738	1,453	1,587
Total Assets	3,466	4,269	4,997	5,312	7,203	9,372	10,308	12,410	13,097	15,767

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	345	574	-24	991	1,372	295	423	795	1,207	1,515
Cash from Investing	-140	-378	-14	-430	-2,197	-1,872	-68	-1,023	-403	-1,234
Cash from Financing	-138	0	192	-308	1,014	1,813	-70	21	-700	-452
	23	94	-63	79	-64	-18	99	-207	104	-171

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	67.64	68.04	68.04	68.04	68.04	68.04	68.04	68.04	68.04
	6.41	6.29	5.86	5.20	5.22	5.27	5.25	5.71	6.36
	10.37	10.21	10.20	11.34	11.43	11.80	12.20	11.66	10.65
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	15.55	15.43	15.87	15.40	15.31	14.89	14.51	14.58	14.95

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-10 - Escorts Kubota Limited has informed the Exchange about Schedule of Analyst/ Investor Meet

2026-09-07

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-07 - Escorts Kubota Limited has informed the Exchange about Schedule of Analyst/ Investor Meet

2026-09-07

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-07 - Escorts Kubota Limited has informed the Exchange about Schedule of Analyst/ Investor Meet

2026-09-07

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-07 - Escorts Kubota Limited has informed the Exchange about Schedule of Analyst/ Investor Meet

2026-09-03

General Updates

2026-09-03 - Escorts Kubota Limited has informed the Exchange about ESG Rating(s)

2026-09-02

Press Release

2026-09-02 - Escorts Kubota Limited has informed the Exchange regarding a press release dated September 02, 2026, titled "Escorts Kubota marks three decades of Farmtrac with the 6055 Classic 'Dark Edition' and the PROMAXX 2.0 range".

2026-09-01

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-01 - Escorts Kubota Limited has informed the Exchange about Schedule of Analyst/ Investor Meet

2026-09-01

Monthly Business Updates

2026-09-01 - Escorts Kubota Limited has informed the Exchange regarding Monthly Business Updates for the month of August 2026

2026-08-26

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-26 - Escorts Kubota Limited has informed the Exchange about Schedule of Investor/ Analyst meet

News

Recent coverage and analyst commentary for ESCORTS

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