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Indian (NIFTY) Agricultural Machinery Industry Analysis

UpdatedJan 03, 2026
DataAggregated Company Financials
Companies17
  • 7D3.9%
  • 3M5.0%
  • 1Y8.9%
  • YTDn/a

Over the last 7 days, the Agricultural Machinery industry has risen 2.4%, driven by gains from Escorts Kubota of 2.5%. In the last 12 months, the industry was up 8.4%. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 03 Jan 2026₹657.4b₹241.0b₹19.0b26.1x34.6x2.7x
Mon, 01 Dec 2025₹651.7b₹241.3b₹19.0b27.4x34.4x2.7x
Wed, 29 Oct 2025₹645.7b₹230.8b₹18.5b26.6x34.9x2.8x
Fri, 26 Sep 2025₹607.7b₹230.1b₹18.4b25.7x33.1x2.6x
Sun, 24 Aug 2025₹608.2b₹230.1b₹18.4b26.8x33.1x2.6x
Tue, 22 Jul 2025₹588.7b₹228.5b₹16.9b30.6x34.8x2.6x
Thu, 19 Jun 2025₹564.1b₹227.6b₹16.8b29.1x33.5x2.5x
Sat, 17 May 2025₹582.6b₹227.6b₹16.8b30.1x34.6x2.6x
Mon, 14 Apr 2025₹520.9b₹215.0b₹17.6b20.9x29.5x2.4x
Wed, 12 Mar 2025₹482.3b₹215.0b₹17.6b22.5x27.4x2.2x
Fri, 07 Feb 2025₹562.0b₹211.8b₹17.6b28.4x31.9x2.7x
Sun, 05 Jan 2025₹543.6b₹190.1b₹16.6b25.8x32.7x2.9x
Tue, 03 Dec 2024₹556.8b₹190.3b₹16.6b25x33.6x2.9x
Thu, 31 Oct 2024₹556.8b₹189.5b₹15.3b26.6x36.4x2.9x
Sat, 28 Sep 2024₹640.6b₹190.6b₹15.3b33.2x41.8x3.4x
Mon, 26 Aug 2024₹588.9b₹190.2b₹15.3b30.3x38.4x3.1x
Wed, 24 Jul 2024₹613.8b₹193.9b₹15.8b29.5x38.9x3.2x
Fri, 21 Jun 2024₹627.4b₹193.7b₹15.7b29.4x39.9x3.2x
Sun, 19 May 2024₹562.3b₹198.2b₹14.4b27.7x38.9x2.8x
Tue, 16 Apr 2024₹463.6b₹195.5b₹14.1b23.7x32.9x2.4x
Thu, 14 Mar 2024₹416.2b₹194.7b₹14.0b24.7x29.7x2.1x
Sat, 10 Feb 2024₹445.5b₹196.7b₹13.8b28.7x32.2x2.3x
Mon, 08 Jan 2024₹447.5b₹196.2b₹13.1b28.1x34.2x2.3x
Wed, 06 Dec 2023₹493.9b₹196.2b₹13.1b26.2x37.7x2.5x
Fri, 03 Nov 2023₹463.6b₹191.3b₹11.6b32.2x39.9x2.4x
Sun, 01 Oct 2023₹481.8b₹191.3b₹11.6b31.4x41.5x2.5x
Tue, 29 Aug 2023₹464.4b₹191.2b₹11.6b34.4x40.1x2.4x
Thu, 27 Jul 2023₹386.1b₹185.2b₹9.7b42.1x40x2.1x
Sat, 24 Jun 2023₹337.4b₹185.2b₹9.7b36.6x34.9x1.8x
Mon, 22 May 2023₹322.9b₹205.5b₹12.3b25.3x26.3x1.6x
Wed, 19 Apr 2023₹305.3b₹199.3b₹11.7b24.7x26.1x1.5x
Fri, 17 Mar 2023₹289.5b₹199.3b₹11.7b22.7x24.7x1.5x
Sun, 12 Feb 2023₹308.6b₹193.5b₹11.1b25.3x27.8x1.6x
Tue, 10 Jan 2023₹325.3b₹189.7b₹11.1b32.2x29.3x1.7x
Price to Earnings Ratio

29.3x


Total Market Cap: ₹325.3bTotal Earnings: ₹11.1bTotal Revenue: ₹189.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Agricultural Machinery Industry Price to Earnings3Y Average 33.9x202420252026
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 33.9x.
  • 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 Market1.48%
Industrials1.49%
Machinery3.51%
Agricultural Machinery3.90%
Construction Machinery and Vehicles5.29%
Industrial Machinery1.22%
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₹3.85k4.0%
+₹16.7b		14.1%PE34.5x
531266 V.S.T. Tillers Tractors₹6.14k3.8%
+₹1.9b		20.3%PE55.9x
CARRARO Carraro India₹556.404.9%
+₹1.5b		-16.0%PE31.9x
RMDRIP R M Drip and Sprinklers Systems₹85.417.1%
+₹1.4b		109.2%PE67.6x
INDOFARM Indo Farm Equipment₹219.2215.0%
+₹1.4b		n/aPE37.7x

Latest News

INDOFARM
₹219.22
Indo Farm Equipment
7D
15.0%
1Y
n/a
SWARAJENG
₹3,690.50
Swaraj Engines
7D
2.5%
1Y
17.4%
DIL
₹1.71
Debock Industries
7D
-1.2%
1Y
-45.5%
500219
₹41.84
Jain Irrigation Systems
7D
1.1%
1Y
-42.8%
531266
₹6,137.75
V.S.T. Tillers Tractors
7D
3.8%
1Y
20.3%

531266: Rising Future Pe Multiple Will Likely Limit Upside Potential

Analysts have raised their fair value estimate for V.S.T. Tillers Tractors significantly, from ₹2,445 to ₹3,947, citing expectations of slightly faster revenue growth, improving profit margins, and a higher justified future P/E multiple. What's in the News Unveiled its first electric power tiller and electric power weeder at the 9th EIMA AGRIMACH in New Delhi, marking the companys entry into fully electric farm machinery and reinforcing its focus on sustainable, future ready solutions (Key Developments) Launched an expanded range of attachment ready tractors at AGRITECHNICA 2025, featuring front TPL, front PTO, and under belly mower compatibility to broaden applications across agriculture, municipal work, and landscaping (Key Developments) Upgraded models with Stage V compliant engines and improved ergonomics, aligning performance and comfort with European environmental and operating standards (Key Developments) Scheduled a board meeting on November 6, 2025 to consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (Key Developments) Valuation Changes The fair value estimate has risen from ₹2,445 to ₹3,947, implying a materially higher long-term intrinsic value assessment.
ESCORTS
₹3,847.10
Escorts Kubota
7D
4.0%
1Y
14.1%

ESCORTS: Future Returns May Lag As Revenue Outlook Weakens

Analysts have nudged their fair value estimate for Escorts Kubota higher from ₹2,670 to ₹2,731. This reflects modestly higher long term earnings expectations despite slightly lower projected revenue growth and margin assumptions, alongside a richer future P E multiple.
536974
₹79.81
Captain Polyplast
7D
-3.6%
1Y
-29.9%
POLYSIL
₹284.45
Polysil Irrigation Systems
7D
-7.6%
1Y
973.4%
UNIPARTS
₹497.05
Uniparts India
7D
2.9%
1Y
18.9%
526711
₹34.36
Adarsh Plant Protect
7D
-1.3%
1Y
0.7%
RMDRIP
₹85.41
R M Drip and Sprinklers Systems
7D
7.1%
1Y
109.2%
CARRARO
₹556.40
Carraro India
7D
4.9%
1Y
-16.0%
540079
₹1.85
Sprayking
7D
-0.5%
1Y
-64.8%