Narrative Update • Jul 08
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Indian (NIFTY) Agricultural Machinery Industry Analysis
UpdatedJul 10, 2026
DataAggregated Company Financials
Companies17
- 7D-1.9%
- 3M-5.9%
- 1Y-10.2%
- YTDn/a
Over the last 7 days, the Agricultural Machinery industry has dropped 1.9%, driven by Escorts Kubota declining 0.8%. Meanwhile, Uniparts India actually outperformed within the industry, gaining 8.0% in the last week. However, the industry is down 10% over the past year. Looking forward, earnings are forecast to grow by 9.6% annually.
Industry Valuation and Performance
Has the Indian Agricultural Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 10 Jul 2026 | ₹522.2b | ₹261.7b | ₹20.3b | 23.1x | 25.7x | 2x |
| Sun, 07 Jun 2026 | ₹502.1b | ₹262.3b | ₹20.4b | 21.4x | 24.6x | 1.9x |
| Tue, 05 May 2026 | ₹559.8b | ₹252.4b | ₹20.1b | 25.8x | 27.9x | 2.2x |
| Thu, 02 Apr 2026 | ₹494.7b | ₹251.4b | ₹20.0b | 22.2x | 24.8x | 2x |
| Sat, 28 Feb 2026 | ₹597.7b | ₹251.4b | ₹20.0b | 25.2x | 29.9x | 2.4x |
| Mon, 26 Jan 2026 | ₹595.7b | ₹242.3b | ₹19.1b | 22.9x | 31.2x | 2.5x |
| Wed, 24 Dec 2025 | ₹640.2b | ₹241.0b | ₹19.0b | 25.4x | 33.7x | 2.7x |
| Fri, 21 Nov 2025 | ₹618.3b | ₹241.2b | ₹18.9b | 28.1x | 32.7x | 2.6x |
| Sun, 19 Oct 2025 | ₹639.1b | ₹230.8b | ₹18.5b | 26.8x | 34.5x | 2.8x |
| Tue, 16 Sep 2025 | ₹635.3b | ₹230.1b | ₹18.4b | 27.9x | 34.6x | 2.8x |
| Thu, 14 Aug 2025 | ₹582.3b | ₹230.2b | ₹18.4b | 27.4x | 31.7x | 2.5x |
| Sat, 12 Jul 2025 | ₹575.9b | ₹227.9b | ₹16.9b | 29.2x | 34.1x | 2.5x |
| Mon, 09 Jun 2025 | ₹563.8b | ₹227.6b | ₹16.8b | 27.4x | 33.5x | 2.5x |
| Wed, 07 May 2025 | ₹528.5b | ₹216.0b | ₹17.7b | 27.8x | 29.8x | 2.4x |
| Fri, 04 Apr 2025 | ₹541.0b | ₹215.0b | ₹17.6b | 22.8x | 30.7x | 2.5x |
| Sun, 02 Mar 2025 | ₹476.1b | ₹215.0b | ₹17.6b | 20.4x | 27x | 2.2x |
| Tue, 28 Jan 2025 | ₹567.6b | ₹211.8b | ₹17.7b | 28x | 32x | 2.7x |
| Thu, 26 Dec 2024 | ₹511.2b | ₹190.1b | ₹16.6b | 25.5x | 30.7x | 2.7x |
| Sat, 23 Nov 2024 | ₹542.1b | ₹190.3b | ₹16.6b | 25.2x | 32.7x | 2.8x |
| Mon, 21 Oct 2024 | ₹580.7b | ₹190.4b | ₹15.4b | 28x | 37.7x | 3x |
| Wed, 18 Sep 2024 | ₹595.3b | ₹190.6b | ₹15.3b | 30.5x | 38.8x | 3.1x |
| Fri, 16 Aug 2024 | ₹557.3b | ₹190.3b | ₹15.3b | 37.9x | 36.3x | 2.9x |
| Sun, 14 Jul 2024 | ₹591.9b | ₹193.7b | ₹15.7b | 29.2x | 37.6x | 3.1x |
| Tue, 11 Jun 2024 | ₹583.9b | ₹193.2b | ₹15.7b | 29.3x | 37.2x | 3x |
| Thu, 09 May 2024 | ₹532.8b | ₹195.4b | ₹14.1b | 27.8x | 37.8x | 2.7x |
| Sat, 06 Apr 2024 | ₹466.5b | ₹195.5b | ₹14.1b | 26.7x | 33.1x | 2.4x |
| Mon, 04 Mar 2024 | ₹455.8b | ₹194.7b | ₹14.0b | 31x | 32.5x | 2.3x |
| Wed, 31 Jan 2024 | ₹468.2b | ₹196.2b | ₹13.1b | 25.6x | 35.7x | 2.4x |
| Fri, 29 Dec 2023 | ₹466.4b | ₹196.2b | ₹13.1b | 28.9x | 35.6x | 2.4x |
| Sun, 26 Nov 2023 | ₹498.2b | ₹196.2b | ₹13.1b | 25.7x | 38.1x | 2.5x |
| Tue, 24 Oct 2023 | ₹469.7b | ₹191.3b | ₹11.6b | 32.3x | 40.5x | 2.5x |
| Thu, 21 Sep 2023 | ₹476.2b | ₹191.3b | ₹11.6b | 34.1x | 41x | 2.5x |
| Sat, 19 Aug 2023 | ₹435.2b | ₹191.2b | ₹11.6b | 31.4x | 37.5x | 2.3x |
| Mon, 17 Jul 2023 | ₹375.0b | ₹185.2b | ₹9.7b | 41.2x | 38.8x | 2x |
Price to Earnings Ratio
38.8x
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 25.7x which is lower than its 3-year average PE of 33.9x.
- The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Agricultural and Farm Machinery industry have grown 28% per year over the last three years.
- Revenues for these companies have grown 12% 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 | -0.87% | |
| Industrials | -2.96% | |
| Machinery | -2.48% | |
| Agricultural Machinery | -1.88% | |
| Industrial Machinery | -1.29% | |
| Construction Machinery and Vehicles | -3.65% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| UNIPARTS Uniparts India | ₹704.95 | 8.0% +₹2.4b | 77.6% | PE20.1x | |
| 531266 V.S.T. Tillers Tractors | ₹4.66k | 2.3% +₹922.4m | 3.9% | PE38.5x | |
| CARRARO Carraro India | ₹569.20 | 2.9% +₹915.3m | 26.3% | PE24.8x | |
| 536974 Captain Polyplast | ₹70.60 | 0.4% +₹15.0m | -5.4% | PE15.3x | |
| GURUNANAK Gurunanak Agriculture India | ₹42.00 | 3.1% +₹15.0m | n/a | PE8.3x |