ESCORTS
Escorts Kubota Limited
Tractors and construction equipment under Farmtrac, Powertrac and Kubota brands
Industrials›Capital Goods›Agricultural, Commercial & Construction Vehicles›Tractors
escortskubota.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-19
Stock price
₹2706.80
Market cap
30,284 Cr
Stock P/E
21.9
P/B
2.45
Dividend yield
1.3%
ROE (FY26)
19.4%
ROCE (FY26)
24.5%
Operating margin (FY26)
10.8%
Debt / equity (FY26)
0.0029
OCF / EBITDA (FY26)
92.3%
OCF / EBITDA (3Y)
89.2%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
Escorts Kubota makes tractors and other agricultural machinery, and construction equipment such as pick-and-carry cranes, backhoe loaders, mini excavators and compactors, selling mainly in India and also exporting.
Company snapshot
1stBy market cap
Ranked among 2 companies in Tractors.
Segment mix
Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.
Largest segment: 82.4% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Agri machinery products | 82.4% | 2,429 Cr | 252 Cr | 4,666 Cr |
| Assets held for sale of discontinued operations | — | 0 Cr | 0 Cr | 447 Cr |
| Construction equipments | 17.5% | 516 Cr | 57 Cr | 603 Cr |
| Liabilities held for sale of discontinued operations | — | 0 Cr | 0 Cr | 0 Cr |
| Profit before tax from discontinued operations | — | 0 Cr | 44 Cr | 0 Cr |
| Unallocated | 0.1% | 3 Cr | 0 Cr | 7,054 Cr |
What we see
Positives
- ✓Net margin of 20.7% — the business keeps a healthy share of every rupee it earns.
4 more signals from the filings.Sign in free to see them all
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,059 Cr | 2,342 Cr | 2,094 Cr | 2,310 Cr | 2,488 Cr | 2,948 Cr | 2,445 Cr | 2,500 Cr | 2,792 Cr | 3,280 Cr | 2,968 Cr | 3,208 Cr |
| Operating expenses (approx.) | 1,799 Cr | 2,027 Cr | 1,833 Cr | 1,985 Cr | 2,224 Cr | 2,615 Cr | 2,157 Cr | 2,179 Cr | 2,432 Cr | 2,846 Cr | 2,588 Cr | 2,853 Cr |
| EBITDA | 261 Cr | 314 Cr | 261 Cr | 325 Cr | 265 Cr | 333 Cr | 288 Cr | 321 Cr | 360 Cr | 435 Cr | 381 Cr | 354 Cr |
| OPM % | 12.7% | 13.4% | 12.4% | 14.1% | 10.6% | 11.3% | 11.8% | 12.9% | 12.9% | 13.3% | 12.8% | 11.1% |
| Other income | 95 Cr | 104 Cr | 106 Cr | 106 Cr | 116 Cr | 110 Cr | 132 Cr | 156 Cr | 134 Cr | 154 Cr | 122 Cr | 208 Cr |
| Interest | 3 Cr | 3 Cr | 4 Cr | 2 Cr | 10 Cr | 4 Cr | 5 Cr | 4 Cr | 5 Cr | 6 Cr | 6 Cr | 5 Cr |
| Depreciation | 41 Cr | 42 Cr | 44 Cr | 43 Cr | 64 Cr | 62 Cr | 62 Cr | 60 Cr | 62 Cr | 64 Cr | 69 Cr | 65 Cr |
| Profit before tax | 303 Cr | 379 Cr | 333 Cr | 391 Cr | 307 Cr | 421 Cr | 414 Cr | 1,693 Cr | 427 Cr | 466 Cr | 428 Cr | 492 Cr |
| Tax % | 26.3% | 25.1% | 24.3% | 25.1% | -5.6% | 23.8% | 23.0% | 17.5% | 25.5% | 23.1% | 25.0% | 21.6% |
| Net profit | 223 Cr | 284 Cr | 252 Cr | 293 Cr | 324 Cr | 321 Cr | 318 Cr | 1,397 Cr | 318 Cr | 358 Cr | 321 Cr | 386 Cr |
| EPS (₹) | ₹20.61 | ₹26.20 | ₹23.23 | ₹27.02 | ₹29.48 | ₹29.16 | ₹28.96 | ₹127.01 | ₹28.92 | ₹32.57 | ₹29.13 | ₹35.08 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,220 Cr | 5,080 Cr | 6,262 Cr | 5,810 Cr | 7,014 Cr | 7,238 Cr | 8,429 Cr | 8,850 Cr | 10,244 Cr | 11,540 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 3,910 Cr | 4,527 Cr | 5,537 Cr | 5,148 Cr | 5,888 Cr | 6,287 Cr | 7,651 Cr | 7,683 Cr | 9,079 Cr | 10,044 Cr | Sign in free for the trailing twelve months |
| EBITDA | 310 Cr | 554 Cr | 725 Cr | 662 Cr | 1,127 Cr | 951 Cr | 778 Cr | 1,167 Cr | 1,165 Cr | 1,496 Cr | Sign in free for the trailing twelve months |
| OPM % | 7.3% | 10.9% | 11.6% | 11.4% | 16.1% | 13.1% | 9.2% | 13.2% | 11.4% | 13.0% | Sign in free for the trailing twelve months |
| Other income | 47 Cr | 65 Cr | 92 Cr | 98 Cr | 160 Cr | 218 Cr | 281 Cr | 399 Cr | 461 Cr | 566 Cr | Sign in free for the trailing twelve months |
| Interest | 32 Cr | 29 Cr | 20 Cr | 17 Cr | 13 Cr | 15 Cr | 13 Cr | 14 Cr | 29 Cr | 20 Cr | Sign in free for the trailing twelve months |
| Depreciation | 63 Cr | 73 Cr | 87 Cr | 107 Cr | 118 Cr | 132 Cr | 150 Cr | 167 Cr | 244 Cr | 255 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 249 Cr | 509 Cr | 714 Cr | 625 Cr | 1,155 Cr | 993 Cr | 835 Cr | 1,401 Cr | 1,540 Cr | 3,014 Cr | Sign in free for the trailing twelve months |
| Tax % | 31.1% | 31.9% | 33.2% | 24.6% | 24.5% | 25.9% | 23.7% | 25.1% | 17.8% | 20.6% | Sign in free for the trailing twelve months |
| Net profit | 131 Cr | 347 Cr | 478 Cr | 472 Cr | 872 Cr | 736 Cr | 637 Cr | 1,049 Cr | 1,265 Cr | 2,394 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹15.98 | ₹41.62 | ₹55.82 | ₹55.04 | ₹92.15 | ₹74.06 | ₹58.85 | ₹96.80 | ₹115.04 | ₹217.61 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 2.8% | 10.0% | 11.9% | 7.2% | 24.1% | 16.5% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 123 Cr | 123 Cr | 123 Cr | 123 Cr | 135 Cr | 132 Cr | 132 Cr | 111 Cr | 112 Cr | 112 Cr |
| Reserves | 1,498 Cr | 2,093 Cr | 2,551 Cr | 2,995 Cr | 4,891 Cr | 7,468 Cr | 8,055 Cr | 9,066 Cr | 10,255 Cr | 12,261 Cr |
| Borrowings | 218 Cr | 15 Cr | 273 Cr | 19 Cr | 2 Cr | — | — | 4 Cr | 2 Cr | 36 Cr |
| Other liabilities | 1,359 Cr | 1,744 Cr | 1,756 Cr | 1,874 Cr | 1,851 Cr | 1,512 Cr | 1,902 Cr | 2,090 Cr | 2,733 Cr | 3,394 Cr |
| Total liabilities | 3,199 Cr | 3,973 Cr | 4,708 Cr | 5,015 Cr | 6,878 Cr | 9,108 Cr | 10,085 Cr | 11,267 Cr | 13,098 Cr | 15,799 Cr |
| Fixed assets (net) | 1,513 Cr | 1,528 Cr | 1,593 Cr | 1,613 Cr | 1,655 Cr | 1,700 Cr | 1,732 Cr | 1,736 Cr | 1,890 Cr | 1,952 Cr |
| CWIP | 35 Cr | 66 Cr | 57 Cr | 104 Cr | 41 Cr | 56 Cr | 69 Cr | 116 Cr | 123 Cr | 161 Cr |
| Investments | 212 Cr | 549 Cr | 491 Cr | 797 Cr | 2,008 Cr | 4,918 Cr | 4,846 Cr | 5,275 Cr | 5,605 Cr | 8,281 Cr |
| Loans & advances | — | — | — | — | 11 Cr | 0 Cr | 0 Cr | 0 Cr | 0.55 Cr | 30 Cr |
| Inventories | 450 Cr | 566 Cr | 857 Cr | 883 Cr | 718 Cr | 847 Cr | 1,218 Cr | 1,218 Cr | 1,399 Cr | 1,472 Cr |
| Trade receivables | 456 Cr | 592 Cr | 931 Cr | 732 Cr | 658 Cr | 793 Cr | 1,180 Cr | 1,173 Cr | 1,332 Cr | 1,203 Cr |
| Cash & bank | 69 Cr | 154 Cr | 93 Cr | 169 Cr | 106 Cr | 92 Cr | 182 Cr | 210 Cr | 343 Cr | 178 Cr |
| Other assets | 463 Cr | 519 Cr | 686 Cr | 716 Cr | 1,682 Cr | 702 Cr | 858 Cr | 1,539 Cr | 2,407 Cr | 2,522 Cr |
| Total assets | 3,199 Cr | 3,973 Cr | 4,708 Cr | 5,015 Cr | 6,878 Cr | 9,108 Cr | 10,085 Cr | 11,267 Cr | 13,098 Cr | 15,799 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 304 Cr | 460 Cr | -234 Cr | 797 Cr | 1,131 Cr | 32 Cr | 224 Cr | 1,032 Cr | 1,003 Cr | 1,381 Cr |
| Cash from investing | -155 Cr | -374 Cr | -17 Cr | -421 Cr | -2,197 Cr | -1,857 Cr | -62 Cr | -928 Cr | -194 Cr | -1,128 Cr |
| Cash from financing | -113 Cr | -0.99 Cr | 191 Cr | -300 Cr | 1,003 Cr | 1,810 Cr | -71 Cr | -77 Cr | -702 Cr | -420 Cr |
| Net cash flow | 36 Cr | 85 Cr | -61 Cr | 75 Cr | -63 Cr | -14 Cr | 91 Cr | 28 Cr | 107 Cr | -166 Cr |
| Free cash flow (OCF − Capex) | 225 Cr | 340 Cr | -398 Cr | 602 Cr | 1,006 Cr | -154 Cr | 5 Cr | 842 Cr | 747 Cr | 1,064 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 15.3% | 24.2% | 24.8% | 20.5% | 23.2% | 13.3% | 10.4% | 15.4% | 15.1% | 24.5% |
| ROE % | 8.1% | 15.6% | 17.9% | 15.1% | 17.3% | 9.7% | 7.8% | 11.4% | 12.2% | 19.4% |
| Debtor days | 39 | 42 | 54 | 46 | 34 | 40 | 51 | 48 | 47 | 38 |
| Inventory days | 62 | 64 | 77 | 93 | 64 | 68 | 77 | 78 | 96 | 82 |
| Days payable | 126 | 140 | 111 | 136 | 107 | 72 | 79 | 78 | 113 | 122 |
| Cash conversion cycle | -24 | -33 | 19 | 3 | -9 | 36 | 48 | 49 | 31 | -2 |
| OCF / EBITDA % | 98.2% | 83.1% | -32.3% | 120.3% | 100.4% | 3.4% | 28.8% | 88.5% | 86.1% | 92.3% |
| OCF / EBITDA % (3 years) | — | — | 33.4% | 52.7% | 67.4% | 71.5% | 48.6% | 44.5% | 72.7% | 89.2% |
| Debt / equity | 0.13 | 0.0066 | 0.10 | 0.0062 | 0.0003 | — | — | 0.0005 | 0.0002 | 0.0029 |
| Current ratio | 0.99 | 1.27 | 1.44 | 1.63 | 2.73 | 5.02 | 2.85 | 3.14 | 2.74 | 3.25 |
| Net debt / EBITDA | 0.48 | — | 0.25 | — | -0.09 | -0.10 | -0.23 | -0.18 | -0.29 | -0.09 |