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Indian (NIFTY) Agricultural Machinery Industry Analysis

UpdatedJan 10, 2026
DataAggregated Company Financials
Companies17
  • 7D-2.3%
  • 3M1.4%
  • 1Y6.8%
  • YTDn/a

Over the last 7 days, the Agricultural Machinery industry has remained flat, although notably R M Drip and Sprinklers Systems gained 5.8%. The past year has been better, since the industry has gained 8.2% in that time. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 10 Jan 2026₹642.5b₹241.0b₹19.0b25.7x33.8x2.7x
Mon, 08 Dec 2025₹635.3b₹241.0b₹19.0b25.6x33.4x2.6x
Wed, 05 Nov 2025₹660.8b₹233.3b₹18.8b26.4x35.2x2.8x
Fri, 03 Oct 2025₹627.8b₹230.5b₹18.4b27.5x34.1x2.7x
Sun, 31 Aug 2025₹604.0b₹230.1b₹18.4b27x32.9x2.6x
Tue, 29 Jul 2025₹582.2b₹229.2b₹16.9b29x34.4x2.5x
Thu, 26 Jun 2025₹566.2b₹227.6b₹16.8b29.4x33.7x2.5x
Sat, 24 May 2025₹583.2b₹227.2b₹16.7b29.5x34.8x2.6x
Mon, 21 Apr 2025₹540.0b₹216.0b₹17.7b21.6x30.5x2.5x
Wed, 19 Mar 2025₹498.6b₹215.0b₹17.6b21.5x28.3x2.3x
Fri, 14 Feb 2025₹512.3b₹214.9b₹17.7b25.5x28.9x2.4x
Sun, 12 Jan 2025₹589.0b₹211.1b₹17.6b28.2x33.4x2.8x
Tue, 10 Dec 2024₹563.5b₹190.1b₹16.6b26.8x33.9x3x
Thu, 07 Nov 2024₹577.6b₹190.3b₹15.4b27.2x37.6x3x
Sat, 05 Oct 2024₹601.8b₹190.6b₹15.3b31.3x39.2x3.2x
Mon, 02 Sep 2024₹590.6b₹190.2b₹15.3b30.7x38.5x3.1x
Wed, 31 Jul 2024₹621.6b₹193.9b₹15.8b30.7x39.4x3.2x
Fri, 28 Jun 2024₹621.1b₹193.7b₹15.7b30.1x39.5x3.2x
Sun, 26 May 2024₹559.9b₹193.7b₹15.8b26.1x35.4x2.9x
Tue, 23 Apr 2024₹477.2b₹195.4b₹14.1b23.8x33.9x2.4x
Thu, 21 Mar 2024₹423.1b₹194.7b₹14.0b25.3x30.2x2.2x
Sat, 17 Feb 2024₹457.1b₹194.7b₹14.0b32.6x32.6x2.3x
Mon, 15 Jan 2024₹454.2b₹196.2b₹13.1b27.3x34.7x2.3x
Wed, 13 Dec 2023₹484.8b₹196.2b₹13.1b28.8x37x2.5x
Fri, 10 Nov 2023₹470.3b₹193.5b₹13.0b31.3x36.2x2.4x
Sun, 08 Oct 2023₹485.3b₹191.3b₹11.6b32.3x41.8x2.5x
Tue, 05 Sep 2023₹468.1b₹191.2b₹11.6b35x40.4x2.4x
Thu, 03 Aug 2023₹404.3b₹188.5b₹11.2b36.5x36.2x2.1x
Sat, 01 Jul 2023₹354.4b₹185.2b₹9.7b38.9x36.7x1.9x
Mon, 29 May 2023₹325.2b₹205.5b₹12.3b24.9x26.4x1.6x
Wed, 26 Apr 2023₹304.3b₹199.3b₹11.7b25.5x26x1.5x
Fri, 24 Mar 2023₹288.6b₹199.3b₹11.7b23.7x24.7x1.4x
Sun, 19 Feb 2023₹311.5b₹199.4b₹11.7b24.3x26.6x1.6x
Tue, 17 Jan 2023₹314.9b₹189.7b₹11.1b31x28.3x1.7x
Price to Earnings Ratio

28.3x


Total Market Cap: ₹314.9bTotal Earnings: ₹11.1bTotal Revenue: ₹189.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Agricultural Machinery Industry Price to Earnings3Y Average 34x202420252026
Current Industry PE
  • Investors are relatively neutral on the Indian Agricultural and Farm Machinery industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 34.0x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Agricultural and Farm Machinery industry have grown 20% per year over the last three years.
  • Revenues for these companies have grown 8.3% 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 Market-2.80%
Industrials-3.64%
Machinery-4.15%
Agricultural Machinery-2.28%
Industrial Machinery-3.54%
Construction Machinery and Vehicles-4.83%
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
RMDRIP R M Drip and Sprinklers Systems₹90.345.8%
+₹1.2b		125.9%PE71.5x
526711 Adarsh Plant Protect₹35.342.9%
+₹9.7m		14.9%PS2.4x

Latest News

ESCORTS
₹3,818.40
Escorts Kubota
7D
-0.7%
1Y
12.1%

ESCORTS: Future Returns May Soften As Mechanization Gains Limit Margin Upside

Analysts have adjusted their price target for Escorts Kubota to ₹2,796 from ₹2,731, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E multiples. What's in the News Launched third generation Kubota branded KA6 and KA8 ride on rice transplanters, engineered in Japan and focused on higher productivity, operator comfort and planting precision (Key Developments) Rolled out the KA6 and KA8 models across 7 Indian states, including Tamil Nadu, Punjab, Odisha, Madhya Pradesh, Andhra Pradesh, Kerala and Telangana, where demand for mechanized paddy solutions is described as rising (Key Developments) Highlighted product features such as fuel efficient 21 and 24 horsepower engines, smart turning system, automatic lift function, multifunction control lever and horizontal control mechanism for more uniform planting depth (Key Developments) Emphasized redesigned planting teeth and a new seedling picking guide that aim to reduce missed planting and support more consistent crop growth and yield, along with a wider operator platform, ergonomic layout and LED lighting for longer working hours (Key Developments) Scheduled a board meeting on Nov 4, 2025, to review unaudited standalone and consolidated financial results for the quarter and half year ended Sep 30, 2025, consider director resignations with a proposed board size reduction from 18 to 16, and review changes to the policy on material events and information (Key Developments) Valuation Changes Fair Value Estimate: Adjusted from ₹2,731.00 to ₹2,796.07, indicating a small upward revision in the assessed equity value.
531266
₹5,717.85
V.S.T. Tillers Tractors
7D
-6.8%
1Y
17.3%

531266: Electric Farm Equipment Expansion Will Support Stronger Long Term Prospects

Analysts have raised their fair value estimate for V.S.T. Tillers Tractors from ₹5,800 to ₹7,069, citing updated assumptions for revenue growth, profit margins, a slightly adjusted discount rate, and a revised future P/E expectation. What's in the News VST Tillers Tractors unveiled its first EV Power Tiller and EV Power Weeder at the 9th EIMA AGRIMACH in New Delhi, marking its entry into fully electric farm machinery and highlighting a focus on eco-friendly, lower operating cost solutions for Indian farmers (Key Developments).
POLYSIL
₹220.25
Polysil Irrigation Systems
7D
-22.6%
1Y
743.9%

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
INDOFARM
₹199.45
Indo Farm Equipment
7D
-9.0%
1Y
-21.2%
SWARAJENG
₹3,620.30
Swaraj Engines
7D
-1.9%
1Y
23.6%
500219
₹38.59
Jain Irrigation Systems
7D
-7.8%
1Y
-47.8%
UNIPARTS
₹434.40
Uniparts India
7D
-12.6%
1Y
11.3%
526711
₹35.34
Adarsh Plant Protect
7D
2.9%
1Y
14.9%
RMDRIP
₹90.34
R M Drip and Sprinklers Systems
7D
5.8%
1Y
125.9%
CARRARO
₹537.20
Carraro India
7D
-3.5%
1Y
-12.5%