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Indian tractor and farm-equipment maker (majority owned by Japan's Kubota), also making construction and railway equipment.
Indian tractor and farm-equipment maker (majority owned by Japan's Kubota), also making construction and railway equipment.
Sells tractors through dealers to farmers, with demand tied to monsoon quality, crop prices and farm credit; construction machines and railway braking and coupling parts follow government infrastructure spending. Kubota of Japan holds the majority of the shares.
Moat: narrow (brand, distribution). Long-standing Escorts tractor brand and dealer network, now backed by Kubota's technology, but Mahindra leads the category.
Headquarters: Faridabad, India · Founded: 1944 · Employees: 15,897
Size Escorts Kubota (ESCORTS.NS) is an India Consumer Discretionary company (Auto Parts: OEM) with a market value of $2.84B, the 299th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹2,443 on 6 Nov 2026.
Performance Over six months the shares fell 27.0%, against -9.3% for the median peer and 0.0% for the India market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 18.9% over the last twelve months (peer median +8.9%); the operating margin is 9.4% (peer median 7.6%).
Valuation It trades at 21.8× forward earnings against a peer median of 22.2× (10th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 21% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is +10 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.9 points above its cost of capital (16.2% WACC).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹127B | ₹115B | ₹102B | ₹97.9B | ₹84.0B |
| Revenue growth | — | +13% | +4% | +16% | — |
| Gross profit | ₹24.9B | ₹19.8B | ₹15.5B | ₹15.3B | ₹12.2B |
| EBITDA | ₹14.6B | ₹15.1B | ₹11.6B | ₹11.3B | ₹7.76B |
| Net income | ₹13.1B | ₹23.9B | ₹12.6B | ₹10.8B | ₹6.37B |
| Free cash flow | n/a | ₹12.3B | ₹8.68B | ₹5.13B | ₹361M |
| Capital expenditure | n/a | ₹3.17B | ₹2.56B | ₹2.83B | ₹2.19B |
| Total debt | ₹1.52B | ₹1.62B | ₹1.05B | ₹4.48B | ₹573M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Escorts Kubota ESCORTS.NS | $2.84B | -27% | +19% | 9% | 21.8× | 21.0% |
| Mahindra & Mahindra M&M.NS | $43.1B | -2% | +26% | 15% | 24.0× | 13.6% |
| Deere & DE | $181B | +17% | +8% | 20% | 32.0× | 16.2% |
| CNH Industrial CNH | $14.3B | +5% | +1% | 13% | 21.1× | 7.4% |
| VST Tillers Tractors VSTTILLERS.NS | $359M | -24% | +17% | 11% | 24.8× | 27.3% |
| Action Construction Equipment ACE.NS | $1.47B | +29% | +5% | 15% | 29.0× | 29.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ESCORTS.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.3% | -4.4% | 7th lowest of 21 |
| 6-month return | -27.0% | -9.3% | 5th lowest of 21 |
| Distance from 52-week high | -38.7% | -27.5% | 6th lowest of 21 |
| Revenue growth (TTM) | +18.9% | +8.9% | 6th highest of 21 |
| Operating margin | 9.4% | 7.6% | 6th highest of 21 |
| Forward P/E | 21.8× | 22.2× | 10th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 21.0% | 5.2% | 7th most demanding of 16 |
| Growth delivered (Del g) | +10.7% | +11.6% | 7th lowest of 16 |
| Hurdle (Req g minus delivered) | +10.4 pp | -2.2 pp | 6th most demanding of 16 |
| ROIC minus cost of capital | +0.9 pp | -1.6 pp | 8th highest of 21 |
| EV / EBITDA | 13.3× | 10.6× | 7th cheapest of 13 |
| Net debt / EBITDA | -5.1× | 0.4× | least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Escorts Kubota ESCORTS.NS | India | $2.84B | -27% | +19% | 9% | 21.8× | 21.0% | +10.7% |
| Sansera Engineering SANSERA.NS | India | $2.86B | +70% | +23% | 13% | 61.5× | n/a | n/a |
| NSK 6471.T | Japan | $2.87B | -27% | +26% | 5% | 12.9× | 1.9% | +4.0% |
| WuHu Foresight Technology 301529.SZ | China | $2.89B | +66% | +4% | 9% | 113.6× | 55.9% | +29.9% |
| Shanghai Daimay Automotive Interior 603730.SS | China | $2.90B | -18% | -2% | 13% | 22.7× | 13.0% | +10.3% |
| TVS TVSHLTD.NS | India | $2.78B | -10% | +35% | 14% | n/a | n/a | n/a |
| Changzhou Xingyu Automotive Lighting Systems 601799.SS | China | $2.92B | -45% | +2% | 9% | 13.4× | -0.6% | +15.8% |
| ZF Commercial Vehicle Control Systems India ZFCVINDIA.NS | India | $2.76B | -5% | +9% | 13% | 44.2× | 31.9% | +17.3% |
| Motherson Sumi Wiring India MSUMI.NS | India | $2.75B | -9% | +36% | 7% | 32.1× | 30.0% | +23.8% |
| Valeo FR.PA | France | $3.00B | -15% | -2% | 4% | 7.3× | -8.2% | +4.9% |
| Shanghai Beite Technology 603009.SS | China | $2.64B | +11% | +9% | 7% | 114.7× | n/a | n/a |
| Zhejiang Wanfeng Auto Wheel 002085.SZ | China | $2.64B | -36% | -2% | 7% | 19.5× | 3.7% | +8.4% |
| Feilong Auto Components 002536.SZ | China | $2.60B | -20% | +5% | 4% | 35.4× | n/a | n/a |
| Gabriel India GABRIEL.NS | India | $2.58B | +22% | +24% | 7% | 47.7× | 55.1% | +22.5% |
| NHK Spring 5991.T | Japan | $3.18B | -14% | +3% | 6% | 9.8× | 5.2% | +7.4% |
| Exide Industries EXIDEIND.NS | India | $3.20B | -2% | +13% | 8% | 21.7× | 27.5% | +11.7% |
| PHINIA PHIN | United States | $2.48B | -14% | +6% | 9% | 10.1× | 0.4% | +27.5% |
| Anhui Zhongding Sealing Parts 000887.SZ | China | $3.32B | -3% | +9% | 8% | 15.1× | 3.8% | +11.4% |
| Sensteed Hi-Tech 000981.SZ | China | $3.36B | -42% | -15% | -39% | n/a | n/a | n/a |
| Stanley Electric 6923.T | Japan | $2.41B | +1% | +11% | 7% | 9.9× | 1.3% | +7.6% |
| Sundram Fasteners SUNDRMFAST.NS | India | $2.40B | +24% | +17% | 12% | 31.6× | 28.4% | +11.6% |