Escorts Kubota Limited
NSE: ESCORTS · Agricultural, Commercial & Construction Vehicles · sector
₹2,575.90NSE close 2026-10-26
Key numbers
Market cap₹28,819 cr
Price₹2,575.90
52w high / low₹3,988 / ₹2,550
P/E20.5xSector median 25.6x
P/B2.3xSector median 2.7x
Book value₹1,105.9
Dividend yield1.37%Sector median 0.95%
ROE12.2%Sector median 11.3%
ROCE14.8%Sector median 14.3%
OPM12.1%Sector median 12.7%
Debt / equity0.00xSector median 0.00x
EV/EBITDA14.8xSector median 15.3x
Interest cover84.8x
Current ratio3.25x
Sales growth 3y+11.0%Sector median +9.1%
Profit growth 3y+55.5%Sector median +29.9%
PEG0.37x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 4 companies in Agricultural, Commercial & Construction Vehicles (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹6,952 cr vs borrowings ₹36 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 84.8x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 5 of the last 5 years (FY26, FY25, FY24, FY23, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 45% of net profit in the last 12 months.
- Debtor days went from 48 (FY24) to 38 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹2,575.90 on 2026-10-26: -35.4% from the 52-week high, +1.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹4,268.80 · low ₹2,575.90
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,488 | 2,948 | 2,445 | 2,500 | 2,792 | 3,280 | 2,968 | 3,208 |
| EBITDA | 265 | 333 | 286 | 397 | 360 | 382 | 381 | 354 |
| OPM % | 10.6% | 11.3% | 11.7% | 15.9% | 12.9% | 11.7% | 12.8% | 11.1% |
| Other income | 116 | 110 | 132 | 156 | 134 | 154 | 122 | 208 |
| Net profit | 324 | 321 | 318 | 1,397 | 318 | 358 | 321 | 386 |
| EPS (₹) | 29.48 | 29.16 | 28.96 | 127.01 | 28.92 | 32.57 | 29.13 | 35.08 |
| Revenue YoY | +12.2% | +11.3% | +21.4% | +28.3% | ||||
| Profit YoY | -1.9% | +11.7% | +0.7% | -72.4% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 7,238 | 8,429 | 8,850 | 10,244 | 11,540 | 12,248 |
| EBITDA | 951 | 724 | 1,167 | 1,164 | 1,520 | 1,477 |
| Net profit | 736 | 637 | 1,049 | 1,265 | 2,394 | 1,383 |
| EPS (₹) | 74.06 | 58.85 | 96.80 | 115.04 | 217.61 | 125.70 |
| Revenue growth | +16.4% | +5.0% | +15.8% | +12.7% | +18.0% | |
| Profit growth | -13.5% | +64.8% | +20.6% | +89.3% | -41.4% | |
| Dividend / share (₹) | 5.00 | 7.00 | 7.00 | 28.00 | 36.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +11.0% | +10.5% | +18.0% |
| Net profit | +55.5% | +22.4% | -41.4% |
| EPS | +54.6% | +18.8% | – |
| Share price | – | -14.8% (2y) | -26.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 8,187 | 9,176 | 10,367 | 12,373 |
| Borrowings | – | 0 | 4 | 2 | 36 |
| Cash & equivalents | – | 2,267 | 3,276 | 3,456 | 6,952 |
| Total assets | – | 10,085 | 11,267 | 13,098 | 15,799 |
| Fixed assets | – | 1,732 | 1,736 | 1,890 | 1,952 |
| Capital work in progress | – | 69 | 116 | 123 | 161 |
| Investments | – | 2,785 | 2,920 | 3,273 | 2,169 |
| Receivables | – | 1,180 | 1,173 | 1,332 | 1,203 |
| Inventory | – | 1,218 | 1,218 | 1,399 | 1,472 |
| Payables | – | 1,261 | 1,208 | 1,640 | 2,193 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 32 | 224 | 1,032 | 1,003 | 1,381 |
| Cash from investing | -1,857 | -62 | -928 | -194 | -1,128 |
| Cash from financing | 1,810 | -71 | -77 | -702 | -420 |
| Capex | 186 | 219 | 190 | 256 | 317 |
| Free cash flow | -154 | 5 | 842 | 747 | 1,064 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 7.8% | 11.4% | 12.2% | 19.3% |
| ROCE % | – | 10.4% | 15.2% | 13.3% | 14.8% |
| Debtor days | – | 51 | 48 | 47 | 38 |
| Inventory days | – | 73 | 73 | 70 | 67 |
| Payable days | – | 75 | 72 | 83 | 100 |
| Cash conversion cycle (days) | – | 49 | 49 | 34 | 5 |
| Working capital days | – | 137 | 165 | 148 | 221 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 68.04% |
| FIIs | 7.08% |
| DIIs | 10.00% |
| of which Mutual funds | 8.63% |
| of which Insurance | 1.25% |
| Public (non-institutions) | 13.24% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 68.04% | 68.04% | 68.04% | 68.04% | 68.04% | 68.04% | 68.04% | 68.04% |
| Promoter group | % |
|---|---|
| KUBOTA CORPORATION, Japan | 54.07% |
| HAR Parshad and Company Private Limited | 9.59% |
| BIG Apple Clothing Private Limited | 1.58% |
| AAA Portfolios Private Limited | 1.51% |
| Nikhil Nanda | 1.08% |
| Nitasha Nanda | 0.17% |
| Navya Naveli Nanda | 0.02% |
| Shweta Nanda | 0.02% |
| Agastya Nanda | 0.01% |
| Hardeep Singh | 0.00% |
| Invigorated Business Consulting Limited | 0.00% |
| Niky Tasha Private Limited | 0.00% |
| Sietz Technologies India Private Limited | 0.00% |
| Escorts Benefit and Welfare Trust (Trustee KAMAL SACHDEVA) | 0.00% |
| Charak Ayurvedic Treatments Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| HDFC Mutual Fund - HDFC MNC Fund | 4.96% |
| Nippon Life India Trustee Ltd-a/c Nippon India ETF | 1.73% |
| Amansa Holdings Private Limited | 1.64% |
| Escorts Employees Benefit and Welfare Trust (Anil Kumar Chandrashekaran, Trustee) | 1.64% |
| Rekha Jhunjhunwala | 1.53% |
1,37,886 shareholders. Pledged: 0.00% of promoter shares.
Peers in Agricultural, Commercial & Construction Vehicles
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| ESCORTS | ₹28,819 cr | 20.5x | 2.3x | 12.2% | 14.8% | 12.1% | +11.0% | 1.37% |
| VSTTILLERS | ₹3,338 cr | 30.7x | 3.0x | 10.4% | 13.8% | 13.2% | +7.2% | 0.52% |
| JKIPL | ₹426 cr | 43.9x | 2.2x | 4.4% | 6.1% | 2.9% | – | – |
| SEEMAX | ₹25 cr | 14.4x | 5.6x | 39.1% | 91.6% | 25.6% | – | – |
All 4 companies in Agricultural, Commercial & Construction Vehicles →
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Agri machinery products | ₹9,841 cr | 84.3% | ₹1,227 cr | 12.5% |
| Construction equipments | ₹1,686 cr | 14.4% | ₹133 cr | 7.9% |
| Revenue from discontinued operations | ₹134 cr | 1.1% | ₹0 cr | 0.0% |
| Unallocated | ₹13 cr | 0.1% | ₹0 cr | 0.0% |
| Profit before tax from discontinued operations | ₹0 cr | – | ₹1,203 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-03 | Dividend | Dividend - Rs 33 Per Share |
| 2026-02-16 | Dividend | Special Dividend - Rs 18 Per Share |
| 2025-07-04 | Dividend | Dividend - Rs 18 Per Share |
| 2025-02-14 | Dividend | Interim Dividend - Rs 10 Per Share |
| 2024-07-05 | Dividend | Annual General Meeting/Dividend - Rs 18 Per Share |
| 2023-06-30 | Dividend | Annual General Meeting/Dividend - Rs 7 Per Share |
| 2022-06-30 | Dividend | Annual General Meeting/Dividend - Rs 7 Per Share |
| 2021-07-15 | Dividend | Annual General Meeting/Dividend - Rs 5 Per Share/Special Dividend - Rs 2.50 Per Share |
| 2020-08-13 | Dividend | Annual General Meeting/Dividend - Rs 2.5 Per Sh |
| 2019-07-11 | Dividend | Dividend Rs - 2.50 Per Share |
| 2018-08-23 | Dividend | Dividend-Rs 2 Per Share |
| 2017-09-07 | Dividend | Dividend - Rs 1.50 Per Share |
| 2016-09-08 | Dividend | Dividend - Rs 1.20/- Per Share |
| 2015-09-03 | Dividend | Annual General Meeting/ Dividend - Rs 1.20/- Per Share |
| 2014-09-04 | Dividend | Annual General Meeting / Final Dividend - Re 0.60/- Per Share |
| 2013-10-14 | Dividend | Interim Dividend Rs 1.20/- Per Share |
| 2013-03-07 | Dividend | Annual General Meeting/Dividend Rs 1.20 Per Share |
| 2012-03-01 | Dividend | Dividend-Rs.1.50 Per Share |
| 2011-02-10 | Dividend | Annual General Meeting And Dividend Rs.1.50 Per Share |
| 2010-02-25 | Dividend | Dividend-Rs.1/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing and Trading: Manufacturing and Trading of a comprehensive range of Agri-machinery and Construction equipment. Agri-machinery portfolio includes tractors, harvesters, farm implements, engines, spare parts, and oils & lubricants, Etc., addressing the evolving mechanization requirements of the agricultural sector. Construction Equipment portfolio comprises material handling cranes, road compaction machinery, and earthmoving equipment, contributing to infrastructure and industrial development.
| Sector | Industrials |
| Industry | Agricultural, Commercial & Construction Vehicles |
| Sub-industry | Tractors |
| Symbol | ESCORTS |
| BSE code | 500495 |
| ISIN | INE042A01014 |
| Face value | ₹10.0 |
| Incorporated | 1944-10-17 |
| Website | www.escortskubota.com |
| Plants (India / abroad) | 7 / 1 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.