Arthneeti

Escorts Kubota Q1 FY27 Share Price & Earnings Call Analysis

₹2,576.40-1.70% today
Market cap
₹28,824 Cr
P/E
20.25
ROE
18.72%
PEG
0.43
Price to sales
2.34
Debt to equity
0.01
52W high / low
₹3,962 / ₹2,576
Sales growth (5Y)
10.47%
EBITDA margin
12.49%
Net profit margin
18.44%
Promoter holding
68.04%
Sales (last year)
₹12,248 Cr

Escorts Ltd. is one of India’s leading engineering conglomerates engaged in the manufacturing of Agri-machinery, Construction & Material Handling Equipment and Railway Equipment. [1]

Guidance scorecard · Q1 FY27 call

What Escorts Kubota Ltd's management guided
and where it ranks in Agricultural, Commercial & Construction Vehicles

#7of 11 in
Agricultural, Commercial & Construction Vehicles
Revenue10–20%MarginsFlatCapexPlannedFundraisingPlannedOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • FY '27 tractor export volumes expected to be flat; growth anticipated in FY '28 driven by North American market opening.
  • Construction Equipment (CE) industry projected to grow 12%-15% overall in FY '27, with strong growth in Mini Excavators and Cranes.
  • Escorts Kubota gained market share in the South, with ongoing product launches (Shaurya, Digitrac series, 4x4 models) supporting growth and share gains.
  • Component exports expected to double over two years from a base of ~INR160-170 crores, with growth starting in H2 FY '27 and good growth predicted in FY '28.
  • Captive financing to expand pan-India by FY '28, covering all dealers; 40%-50% coverage by FY '27, expected to boost volumes by 20%-25%.

2 more points from Escorts Kubota Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Escorts Kubota Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Groundbreaking for the greenfield project is expected in August 2026.
  • FY '28 capex depends on the greenfield construction plan; it may increase if construction is expedited.
  • Total greenfield capex is projected at around INR 2,000 crores.
  • Normal annual capex likely to remain INR 350 - 400 crores.

2 more points from Escorts Kubota Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what Escorts Kubota Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • The company expects a positive demand outlook supported by favorable monsoon and festive season demand.
  • Increased dealer stock buildup anticipated ahead of the October season.
  • Export volumes are expected to be flat in FY '27 but show good growth in FY '28, particularly with North American market openings.
  • Construction Equipment business shows strong growth with volumes up 27.4% YoY.

2 more points from Escorts Kubota Ltd's call on the order book

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Full Q1 FY27 analysis
Full Agricultural, Commercial & Construction Vehicles ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Agricultural, Commercial & Construction Vehicles
on management's own guidance

  1. BEML LtdGood growth
    2
  2. TILGood growth
    1
  3. Indo Farm Equip.Good growth
    3
See all potential multibaggersWhere does Escorts Kubota Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Agricultural, Commercial & Construction Vehicles companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1TIL20–40%Up 2%+₹1,894 Cr—
2BEML Ltd20–40%Flat₹16,396 Cr91.9
3Indo Farm Equip.20–40%Flat₹630 Cr25.3
420–40%Flat₹38 Cr6.2
510–20%Flat₹1.55L Cr20.9
610–20%Flat₹87,468 Cr23.5

Sign up free to see every company in the sector ranking and track Escorts Kubota Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Agricultural, Commercial & Construction Vehicles ranking

Financials of Escorts Kubota Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Escorts Kubota Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +2,2142,3552,4782,7282,3012,5742,2772,9482,4452,5002,7923,2802,968
Expenses +1,9812,0242,2142,4022,0152,2592,0472,6162,1582,1792,4322,8462,588
Operating Profit233331264325285315230332287321360435381
OPM %11%14%11%12%12%12%10%11%12%13%13%13%13%
Other Income +8699941291331401401431781,260134102122
Interest43911121110454566
Depreciation38405857595961626260626469
Profit before tax2783862903863473852994103981,518427466428
Tax %22%25%27%23%22%22%-8%22%20%8%26%23%25%
Net Profit +2162902112992703023243213181,397318358321
EPS in Rs16.4126.2419.0527.0124.4327.3028.9828.6628.46124.8828.4432.0328.65

Financials of Escorts Kubota Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +4,1133,4324,1455,0596,2625,8107,0147,2838,4299,80410,24411,540
Expenses +4,0393,2713,8784,5065,5395,1495,8886,3177,6598,6739,08010,044
Operating Profit731612685537236611,1269667701,1301,1641,496
OPM %2%5%6%11%12%11%16%13%9%12%11%13%
Other Income +12431365899881601742285256011,618
Interest585132292017131513422920
Depreciation6958637387107118132150224244255
Profit before tax70822085097156251,1559938351,3901,4922,838
Tax %-8%15%37%32%33%25%25%26%24%23%15%16%
Net Profit +76701313474784728727366371,0771,2652,394
EPS in Rs6.235.7610.7128.3139.0738.5364.6355.8248.2697.44113.06213.99
Dividend Payout %19%21%14%7%6%6%12%13%14%18%25%0%

Financials of Escorts Kubota Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital119123123123123123135132132110112112
Reserves1,7111,3441,4982,0932,5512,9954,8917,4688,0559,27810,25512,261
Borrowings +4843682655128148615257448105162
Other Liabilities +1,2351,1341,3131,7061,7531,8491,7911,4561,8412,5632,6233,265
Total Liabilities3,5502,9683,1993,9734,7075,0146,8789,10810,08512,40013,09515,799
Fixed Assets +1,5961,5391,5811,5881,6471,7021,7961,8411,8912,1652,0532,184
CWIP56583566801256588114161153161
Investments373642125494917971,9384,8364,7675,0195,6058,281
Other Assets +1,5261,3071,3711,7702,4892,3903,0792,3433,3135,0545,2845,173
Total Assets3,5502,9683,1993,9734,7075,0146,8789,10810,08512,40013,09515,799

Financials of Escorts Kubota Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-10212304460-2347971,129322247891,0031,381
Cash from Investing Activity +17-44-155-374-18-421-2,195-1,856-62-759-194-1,128
Cash from Financing Activity +1-191-113-1191-3001,0031,810-7125-702-420
Net Cash Flow8-233685-6176-63-149154107-167
Free Cash Flow-65166238354-3876071,013-120115217571,069
CFO/OP15%127%130%102%-2%147%123%30%53%91%117%130%

Financials of Escorts Kubota Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days374040435446344051534738
Inventory Days647058617384566273907067
Days Payable921151171321071239466758782100
Cash Conversion Cycle9-5-19-29217-3364957355
Working Capital Days-17-39-39-26129-430393125195
ROCE %7%8%13%26%28%21%28%16%11%14%14%16%

Guidance history

How Escorts Kubota Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlannedPlanned—
Q4 FY26 call →0–10%Down 0–2%PlannedPlanned—
Q3 FY26 call →10–20%FlatPlanned—Rising
Q2 FY26 call →20–40%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

12out of 100

Momentum score · price trend

12 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−30.6%23%
Last 6 months−20.5%20%
Last 3 months−16.5%29%

The price is 40.6% below its all-time high of ₹4,334.5 (21 Jun 2024). Stocks more than 20% below their peak have their score halved, so 23 became 12.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Escorts Kubota Ltd: 0.4 × 23 + 0.4 × 20 + 0.2 × 29 = 23, halved to 12 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Escorts Kubota Ltd's management said in earlier quarters

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