ESCORTS

Escorts Kubota share price & results

Escorts Kubota Limited· Capital Goods· Industrials

Results to
Sept 2026
Latest analysed call
Q2 FY27
Ownership as of
Sept 2026

Indian maker of tractors and construction equipment, majority-owned by Japan's Kubota Corporation.

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Guidance Hit Rate
19 targets · 0% hit rate 0 achieved · 18 active →
Segment Shift
5 segments tracked See revenue & margin mix below →
Reverse DCF
Implied Growth Test priced-in growth in DCF tool →
Concall & Tone
Q2 FY27 analysed Read claims, qualifiers & Q&A →

Price & Snapshot

₹2,433.3 −2.34% · −₹58.3

Last close 9 Nov 2026 · NSE · INR · Source: Inve

Performance −33.0% 1Y

₹2.5k₹3.0k₹3.5k₹4.0kNov 25Dec 25Feb 26Mar 26May 26Jun 26Aug 26Sept 26Nov 26Q2 FY26 — 7 Nov 2025Q3 FY26 — 10 Feb 2026Q1 FY27 — 3 Aug 2026Q2 FY27 — 2 Nov 2026

1Y: ₹3,629.2 on 7 Nov 2025 → ₹2,433.3. High ₹3,962.1 (5 Jan 2026), low ₹2,423.2 (2 Nov 2026).

Previous close
₹2,491.6
Market cap
₹27.3k Cr
52-week range
₹2,423.2 – ₹3,962.1
One year
−31.43%
Price to earnings (TTM to Sept 2026)
20.17×
Return on equity (FY ending Mar 2026)
18.72%

Reported

Key financial metrics & valuation ratios

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue16.0 ₹ crore−30.4% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin9.0 %−4.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit255 ₹ crore−20.6% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equityUnavailable+8.8 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026
Not in the analysed materials. No older figure is substituted.
Free cash flow margin9.26 %+1.9 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026
(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)18.85 %+8.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026
Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Business Mix

Where revenue comes from

Agri machinery products grew from 67% to 81% of revenue over the last two years.

Agri machinery products 84.3% · ₹9,841.19 Cr +21.2% YoY
Construction equipments 14.4% · ₹1,685.92 Cr +22.6% YoY
Revenue from discontinued operations 1.1% · ₹133.87 Cr −3.9pp mix
Unallocated 0.1% · ₹13.15 Cr −5.4% YoY
Profit before tax from discontinued operations 0.0% · ₹0.00 Cr

Explore full multi-period segment shift & margins →

Guidance

What management said, and what became of it

0 of 1 judged target kept · 18 open · verdicts reflect calls analysed to Q2 FY27.

Escorts Kubota Limited management guidance track record on Inve: 19 targets tracked across analysed earnings calls (0 achieved, 1 missed, 18 open).

Watch execution in Growth & Demand (1 delayed/missed) · Capex & Expansion (2 delayed/missed).

TargetOriginal wordingSaidLatest callVerdict
Capex Greenfield Plant Land Acquisition Timeline
Complete acquisition by January end (FY25)
Call transcript, Q3 FY25 · 10 Feb 2025
Q3 FY25
Q2 FY27:Land acquisition fully concluded with INR 400-450 crores spent to date.
Call transcript, Q2 FY27 · 2 Nov 2026
Delayed
Growth Tractor Export Volume Growth
20% to 25% growth this year over last year
Call transcript, Q4 FY25 · 8 May 2025
Q4 FY25
Q2 FY27:Promise concluded in FY26 without retrospective numbers disclosed. Q2 FY27 exports declined 10.3% YoY to 1,389 units.
Call transcript, Q2 FY27 · 2 Nov 2026
Revised Down
Capex Greenfield Plant Operational Timeline
End of February '28 or '29 beginning
Call transcript, Q4 FY25 · 8 May 2025
Q4 FY25
Q2 FY27:Construction work to start next fiscal year (FY28) with the project phased over 3-4 years (tractor plant first, then CE, then spare parts warehouse).
Call transcript, Q2 FY27 · 2 Nov 2026
Delayed

Source: Inve Guidance Tracker for Escorts Kubota Limited · to Q2 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of Escorts Kubota Limited's 19 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 16 more targets are in the full ledger.

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Supply chain

Cross-company call evidence

Named counterparties and similar headwinds disclosed on earnings calls.

Counterparties named by Escorts Kubota Limited

  • Escorts Kubota Limited → divests to → Railway Equipment Business.

    Q1 FY26 · Closed / completed · Neutral · Counterparty named; listed-company identity not verified.

    1. Proposed
    2. Announced
    3. Active
    4. Completed / ended

    Profit after tax from the sale of RED business at Rs.1,004.4 crores has been accounted for as income from discontinued operation.

    Disclosed value: INR 1004 crores

    “During the quarter-ended June '25, the Company transferred the railway equipment business to Sona BLW Precision Forgings Limited, Sona Comstar. Upon completion of the conditions specified in the business transfer agreement effective from 1st June 2025, the profit after tax from the sale of RED business at Rs.1,004.4 crores has been accounted for the financial statement as income from discontinued operation.”
    Evidence drawer

    Evidence type: Transcript excerpt

    “During the quarter-ended June '25, the Company transferred the railway equipment business to Sona BLW Precision Forgings Limited, Sona Comstar. Upon completion of the conditions specified in the business transfer agreement effective from 1st June 2025, the profit after tax from the sale of RED business at Rs.1,004.4 crores has been accounted for the financial statement as income from discontinued operation.”

    Source company: Escorts Kubota Limited · Counterparty: Railway Equipment Business · Call date: 2025-08-04 · Period: Q1 FY26 · Review status: Structured call extraction

Similar pressures reported by peers

Tailwind coverage is not available yet.

Similar commentary provides sector context; it does not establish a business relationship with Escorts Kubota Limited. Each comparison matches a headwind disclosed by Escorts Kubota Limited in the same calendar reporting quarter.

  • Input costs inflated 8-9% by end of Q2 with an additional 2-3% expected in Q3

    Topic: Raw material costs · Raw material cost · Q2 FY27

    Escorts Kubota Limited reported: Input costs inflated 8-9% by end of Q2 with an additional 2-3% expected in Q3; price hikes of only ~3.5% taken so far leave a 5% margin deficit until November price hikes take effect in Q4.

    Reporting period ended 2026-09-30

    47 other companies · Raw material cost

    Polycab India Limited (POLYCAB) reported (period ended 2026-09-30): While copper prices are high, Polycab operates on a cost-plus model, mitigating direct exposure to volatility.

    GE Vernova T&D India Limited (GVT&D) reported (period ended 2026-09-30): Management sees 'slight pressure' on prices in regular high-voltage products but called it not significant.

    APL Apollo Tubes Limited (APLAPOLLO) reported (period ended 2026-09-30): Domestic steel mills experienced multiple shutdowns in September-November, causing steel shortages and forcing APL Apollo to halt production of low-margin commodity products.

    Supreme Industries Limited (SUPREMEIND) reported (period ended 2026-09-30): Raw material producers estimate a ~10% fall in industry PVC demand in H1. Management says Supreme gained share.

    Evidence drawer

    Evidence type: Summary paraphrase

    Input costs inflated 8-9% by end of Q2 with an additional 2-3% expected in Q3; price hikes of only ~3.5% taken so far leave a 5% margin deficit until November price hikes take effect in Q4.

    Source company: Escorts Kubota Limited · Reporting period ended 2026-09-30 · Calendar quarter: Q2 FY27 · Distinct companies matched: 47

    Similar commentary provides sector context; it does not establish a business relationship.

  • A 35% increase in contractual manpower costs enacted on April 1, 2026, in Haryana has…

    Topic: Weather or labor disruption · Labor execution · Q2 FY27

    Escorts Kubota Limited reported: A 35% increase in contractual manpower costs enacted on April 1, 2026, in Haryana has increased manufacturing overheads and fixed costs.

    Reporting period ended 2026-09-30

    5 other companies · Labor execution

    APL Apollo Tubes Limited (APLAPOLLO) reported (period ended 2026-09-30): Despite a 13% rainfall deficit, management reported robust housing demand and inquiry pipelines, anticipating minimal or no volume impact.

    Atlanta Electricals Limited (ATLANTAELE) reported (period ended 2026-09-30): Unprecedented monsoon waterlogging caused two plant shutdowns and delayed ₹180 crores in customer dispatches, leading to working capital inventory buildup.

    Elecon Engineering Company Limited (ELECON) reported (period ended 2026-09-30): Monsoon impact and lethargy in execution of various projects led to near-term softness in the domestic market.

    Finolex Industries Limited (FINPIPE) reported (period ended 2026-09-30): Water scarcity may depress farmer disposable income, although tractor booking growth (+14-15%) indicates baseline cash availability.

    Evidence drawer

    Evidence type: Summary paraphrase

    A 35% increase in contractual manpower costs enacted on April 1, 2026, in Haryana has increased manufacturing overheads and fixed costs.

    Source company: Escorts Kubota Limited · Reporting period ended 2026-09-30 · Calendar quarter: Q2 FY27 · Distinct companies matched: 5

    Similar commentary provides sector context; it does not establish a business relationship.

From available earnings-call summaries. Disclosures are management statements, not independently verified transactions.

Live Summary

ESCORTS ₹2,433.3 −2.34%
Guidance Verdict (19 tracked) 0 kept · 18 open· 1 missed
AI Call Brief · Q2 FY27

Escorts Kubota Limited Q2 FY27

Overview

Symbol
NSE:ESCORTS
Industry
Industrials
Exchange
NSE
Currency
INR

What Escorts Kubota Limited does

Based on the company's own presentations, annual report and earnings calls.

Escorts Kubota Limited manufactures and sells agricultural tractors and construction equipment in India under a trademark and technology licensing arrangement with parent Kubota Corporation of Japan. Its Agri Machinery Products segment covers the core tractor business plus a non-tractor business spanning agri solutions, engines, spare parts and service, and global sourcing. Its Construction Equipment segment makes pick-n-carry cranes, backhoe loaders, mini excavators and compactors. The company exports India-made, "Make in India" products through Kubota's global distribution network, and during FY26 it divested its erstwhile railway equipment business, which is now reported as discontinued operations.

Segments

  • Agri Machinery Products
  • Construction Equipment
Majority parent
Kubota Corporation (Japan)
Trademark & technology license
Operates under a trademark and technology licensing arrangement with Kubota Corporation
Non-tractor business lines
Agri solutions, engines, spare parts & service, global sourcing
Construction equipment product lines
Pick-n-Carry cranes, backhoe loaders, mini excavators, compactors
Kubota-brand tractor model
K3R5
Export channel
Exports India-made products via Kubota's global distribution network
Founded 1944Headquarters Faridabad, Haryana, India Company website

How the price took the results

Moved an average of ±2.9% across the last 3 priced result releases

Close before → close after
QuarterReleaseRevenue (₹ Cr) Net profit (₹ Cr)Rev YoYBefore → AfterReaction
Q2 FY272 Nov 2616 255−30.4%₹2,576.4 → ₹2,423.2−5.9%
Q1 FY273 Aug 2628 387—₹3,086 → ₹3,135.5+1.6%
Q3 FY2610 Feb 2611 362+37.5%₹3,777.6 → ₹3,823.6+1.2%

The move from the last close before each results date to the first close on or after it — the market's first read on the quarter alongside what was filed.

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PEER COMPARISON
Median ₹27,336 Cr Mkt Cap
₹0 Cr₹20,000 Cr₹40,000 Cr₹60,000 CrEscorts Kubota Limited (ESCORTS): ₹27,336 Cr₹27,336 CrESCORTSThermax Limited (THERMAX): ₹33,196 Cr₹33,196 CrTHERMAXZETWERK (ZETWERK): ₹29,138 Cr₹29,138 CrZETWERKAIA Engineering Limited (AIAENG): ₹29,056 Cr₹29,056 CrAIAENGSyrma SGS Technology Limited (SYRMA): ₹28,140 Cr₹28,140 CrSYRMAHoneywell Automation India Limited (HONAUT): ₹26,608 Cr₹26,608 CrHONAUTSchneider Electric Infrastructure Limited (SCHNEIDER): ₹25,452 Cr₹25,452 CrSCHNEIDERGarden Reach Shipbuilders & Engineers Limited (GRSE): ₹25,180 Cr₹25,180 CrGRSEKirloskar Oil Engines Limited (KIRLOSENG): ₹23,622 Cr₹23,622 CrKIRLOSENG

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Quick Answers

Frequently asked questions on Escorts Kubota Limited

Compiled directly from ESCORTS's filed financial statements, earnings call transcripts, and ownership disclosures.

How did Escorts Kubota Limited (ESCORTS) perform in its latest reported quarter (Sept 2026)?

For the quarter ended Sept 2026, Escorts Kubota Limited reported revenue of ₹16 Cr, net profit of ₹255 Cr, an operating margin of 9.0%. Diluted earnings per share stood at ₹22.8.

How is Escorts Kubota Limited (ESCORTS) valued today, and what growth does the stock price imply?

Escorts Kubota Limited (ESCORTS) trades at ₹2,433.3, with a market capitalization of ₹27.3k Cr.

Who owns Escorts Kubota Limited (ESCORTS) — promoters, FIIs, DIIs, and mutual funds?

As of Sept 2026, Promoters hold 68.0%, FIIs hold 7.1%, DIIs hold 10.0%, Public shareholders hold 13.3%.

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