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Indian (NIFTY) Agricultural Machinery Industry Analysis

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies17
  • 7D6.3%
  • 3M-13.0%
  • 1Y-0.7%
  • YTDn/a

Over the last 7 days, the Agricultural Machinery industry has risen 7.0%, driven by gains from Escorts Kubota of 8.3%. Despite this gain, the industry's performance has been flat over the past year. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

Has the Indian Agricultural Machinery Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 Apr 2026₹544.6b₹252.5b₹20.1b24.7x27.1x2.2x
Fri, 13 Mar 2026₹547.1b₹251.4b₹20.0b22.6x27.4x2.2x
Sun, 08 Feb 2026₹639.5b₹245.0b₹18.7b24.1x34.2x2.6x
Tue, 06 Jan 2026₹668.8b₹241.0b₹19.0b27x35.2x2.8x
Thu, 04 Dec 2025₹648.9b₹241.0b₹19.0b27.4x34.2x2.7x
Sat, 01 Nov 2025₹658.1b₹230.8b₹18.5b26.7x35.6x2.9x
Mon, 29 Sep 2025₹614.3b₹230.1b₹18.4b28.3x33.4x2.7x
Wed, 27 Aug 2025₹602.6b₹230.1b₹18.4b26.1x32.8x2.6x
Fri, 25 Jul 2025₹592.4b₹228.5b₹16.9b30.7x35x2.6x
Sun, 22 Jun 2025₹554.2b₹227.6b₹16.8b28.2x33x2.4x
Tue, 20 May 2025₹584.2b₹227.5b₹16.8b29.4x34.7x2.6x
Thu, 17 Apr 2025₹533.7b₹215.0b₹17.6b21x30.3x2.5x
Sat, 15 Mar 2025₹483.5b₹215.0b₹17.6b22.2x27.4x2.2x
Mon, 10 Feb 2025₹555.2b₹211.5b₹17.5b27.8x31.7x2.6x
Wed, 08 Jan 2025₹552.0b₹193.9b₹16.8b25x32.9x2.8x
Fri, 06 Dec 2024₹550.3b₹190.3b₹16.6b26.1x33.2x2.9x
Sun, 03 Nov 2024₹581.7b₹189.5b₹15.3b27.1x38x3.1x
Tue, 01 Oct 2024₹633.9b₹190.6b₹15.3b31.5x41.3x3.3x
Thu, 29 Aug 2024₹589.3b₹190.2b₹15.3b30.1x38.4x3.1x
Sat, 27 Jul 2024₹620.3b₹193.9b₹15.8b30.8x39.4x3.2x
Mon, 24 Jun 2024₹643.6b₹193.7b₹15.7b29.6x40.9x3.3x
Wed, 22 May 2024₹569.2b₹193.6b₹15.8b26.3x36x2.9x
Fri, 19 Apr 2024₹466.3b₹195.5b₹14.1b24.1x33.1x2.4x
Sun, 17 Mar 2024₹421.1b₹194.7b₹14.0b26.9x30.1x2.2x
Tue, 13 Feb 2024₹441.1b₹194.4b₹14.0b28.6x31.5x2.3x
Thu, 11 Jan 2024₹450.4b₹196.2b₹13.1b26.1x34.4x2.3x
Sat, 09 Dec 2023₹487.5b₹196.2b₹13.1b26.5x37.2x2.5x
Mon, 06 Nov 2023₹467.4b₹193.0b₹12.9b32x36.3x2.4x
Wed, 04 Oct 2023₹481.8b₹191.3b₹11.6b31.2x41.5x2.5x
Fri, 01 Sep 2023₹481.6b₹191.2b₹11.6b36x41.6x2.5x
Sun, 30 Jul 2023₹395.7b₹185.2b₹9.7b43.9x40.9x2.1x
Tue, 27 Jun 2023₹348.9b₹185.2b₹9.7b38.1x36.1x1.9x
Thu, 25 May 2023₹322.2b₹205.7b₹12.3b24.7x26.2x1.6x
Sat, 22 Apr 2023₹302.3b₹199.3b₹11.7b24.3x25.8x1.5x
Price to Earnings Ratio

25.8x


Total Market Cap: ₹302.3bTotal Earnings: ₹11.7bTotal Revenue: ₹199.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Agricultural Machinery Industry Price to Earnings3Y Average 34.2x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Agricultural and Farm Machinery industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 27.3x which is lower than its 3-year average PE of 34.2x.
  • The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Agricultural and Farm Machinery industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 8.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Indian Agricultural Machinery compare with similar industries?

IN Market4.48%
Industrials7.07%
Machinery7.67%
Agricultural Machinery6.29%
Construction Machinery and Vehicles8.51%
Industrial Machinery6.82%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ESCORTS Escorts Kubota₹3.23k5.6%
+₹19.2b		-0.03%PE27.4x
CARRARO Carraro India₹586.0020.0%
+₹5.6b		97.8%PE29.6x
SWARAJENG Swaraj Engines₹4.04k7.2%
+₹3.3b		-3.5%PE25x
500219 Jain Irrigation Systems₹33.696.3%
+₹1.5b		-37.9%PE151.7x
531266 V.S.T. Tillers Tractors₹5.30k1.4%
+₹615.2m		46.1%PE37x

Latest News

SWARAJENG
₹4,037.50
Swaraj Engines
7D
7.2%
1Y
-3.5%
CARRARO
₹586.00
Carraro India
7D
20.0%
1Y
97.8%
540079
₹1.50
Sprayking
7D
-9.1%
1Y
-61.6%
RMDRIP
₹24.97
R M Drip and Sprinklers Systems
7D
-9.8%
1Y
-5.9%
INDOFARM
₹147.81
Indo Farm Equipment
7D
3.6%
1Y
-4.5%
ESCORTS
₹3,230.80
Escorts Kubota
7D
5.6%
1Y
-0.03%

ESCORTS: New Greenfield Plant And Southern Expansion Will Support Future Earnings Re Rating

Analysts have lifted their price target on Escorts Kubota from ₹4,560 to ₹4,642, citing updated assumptions around revenue growth, profit margins, discount rate, and future P/E. What's in the News The board approved an INR 23,000 million investment for the first phase of a greenfield manufacturing facility at Greater Noida.
531266
₹5,302.75
V.S.T. Tillers Tractors
7D
1.4%
1Y
46.1%

531266: Steady Fair Value And Revenue Assumptions Will Support Long Term Prospects

Analysts have kept the fair value estimate for V.S.T. Tillers Tractors steady at ₹7,069.00, with only marginal tweaks to discount rate, revenue growth, profit margin and future P/E assumptions, which signals broadly unchanged conviction in the stock's fundamental outlook. What's in the News Board meeting scheduled for February 7, 2026, to review and consider the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).
536974
₹77.85
Captain Polyplast
7D
8.0%
1Y
-6.5%
500219
₹33.69
Jain Irrigation Systems
7D
6.3%
1Y
-37.9%
UNIPARTS
₹515.45
Uniparts India
7D
0.9%
1Y
60.7%
POLYSIL
₹182.30
Polysil Irrigation Systems
7D
-5.7%
1Y
572.7%

These 4 Measures Indicate That Polysil Irrigation Systems (NSE:POLYSIL) Is Using Debt Extensively

Jan 07
These 4 Measures Indicate That Polysil Irrigation Systems (NSE:POLYSIL) Is Using Debt Extensively