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Indian (NIFTY) Agricultural Machinery Industry Analysis

UpdatedMay 26, 2026
DataAggregated Company Financials
Companies17
  • 7D1.4%
  • 3M-14.5%
  • 1Y-10.6%
  • YTDn/a

The Agricultural Machinery industry is up 1.4% in the last week, with Carraro India up 9.4%. In the past year, the industry is down 11%. As for the next few years, earnings are expected to grow by 9.9% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 May 2026₹527.0b₹259.5b₹19.9b23.4x26.4x2x
Thu, 23 Apr 2026₹573.2b₹252.4b₹20.1b24.8x28.6x2.3x
Sat, 21 Mar 2026₹524.3b₹251.4b₹20.0b22.3x26.3x2.1x
Mon, 16 Feb 2026₹624.2b₹251.3b₹20.0b26.7x31.3x2.5x
Wed, 14 Jan 2026₹629.6b₹241.0b₹19.0b25.1x33.1x2.6x
Fri, 12 Dec 2025₹628.8b₹241.0b₹19.0b25.3x33.1x2.6x
Sun, 09 Nov 2025₹635.6b₹239.2b₹18.7b25.6x33.9x2.7x
Tue, 07 Oct 2025₹620.3b₹230.5b₹18.4b28.1x33.6x2.7x
Thu, 04 Sep 2025₹624.9b₹230.1b₹18.4b28x34x2.7x
Sat, 02 Aug 2025₹567.0b₹229.2b₹16.9b28.2x33.5x2.5x
Mon, 30 Jun 2025₹569.3b₹228.2b₹16.9b29.1x33.7x2.5x
Wed, 28 May 2025₹587.5b₹227.2b₹16.7b29.5x35.1x2.6x
Fri, 25 Apr 2025₹560.9b₹216.0b₹17.7b23.4x31.6x2.6x
Sun, 23 Mar 2025₹536.3b₹215.0b₹17.6b23.5x30.4x2.5x
Tue, 18 Feb 2025₹496.5b₹214.9b₹17.7b22.4x28.1x2.3x
Thu, 16 Jan 2025₹588.5b₹211.1b₹17.6b28.4x33.4x2.8x
Sat, 14 Dec 2024₹553.5b₹190.1b₹16.6b27.4x33.3x2.9x
Mon, 11 Nov 2024₹565.7b₹190.6b₹16.4b27.2x34.5x3x
Wed, 09 Oct 2024₹583.1b₹190.6b₹15.4b28.5x37.7x3.1x
Fri, 06 Sep 2024₹579.5b₹190.2b₹15.3b30.4x37.8x3x
Sun, 04 Aug 2024₹589.6b₹191.2b₹15.6b29.9x37.9x3.1x
Tue, 02 Jul 2024₹618.9b₹193.7b₹15.7b29.6x39.3x3.2x
Thu, 30 May 2024₹560.7b₹193.3b₹15.7b27.1x35.8x2.9x
Sat, 27 Apr 2024₹501.7b₹195.4b₹14.1b25.2x35.6x2.6x
Mon, 25 Mar 2024₹429.8b₹194.7b₹14.0b25.2x30.7x2.2x
Wed, 21 Feb 2024₹457.5b₹194.7b₹14.0b33.8x32.7x2.3x
Fri, 19 Jan 2024₹453.9b₹196.2b₹13.1b26.2x34.7x2.3x
Sun, 17 Dec 2023₹480.9b₹196.2b₹13.1b28.2x36.7x2.5x
Tue, 14 Nov 2023₹477.9b₹196.0b₹13.1b29.1x36.4x2.4x
Thu, 12 Oct 2023₹505.5b₹191.3b₹11.6b32.3x43.6x2.6x
Sat, 09 Sep 2023₹486.1b₹191.2b₹11.6b35.9x41.9x2.5x
Mon, 07 Aug 2023₹405.1b₹188.5b₹11.4b36.1x35.5x2.1x
Wed, 05 Jul 2023₹352.1b₹185.2b₹9.7b38.3x36.5x1.9x
Fri, 02 Jun 2023₹341.9b₹185.3b₹9.6b31.6x35.5x1.8x
Price to Earnings Ratio

35.5x


Total Market Cap: ₹341.9bTotal Earnings: ₹9.6bTotal Revenue: ₹185.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Agricultural Machinery Industry Price to Earnings3Y Average 34.3x202420252026
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 26.4x which is lower than its 3-year average PE of 34.3x.
  • 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 Market2.23%
Industrials3.68%
Machinery3.45%
Agricultural Machinery1.45%
Construction Machinery and Vehicles3.97%
Industrial Machinery3.08%
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₹2.94k1.7%
+₹5.5b		-16.8%PE24.1x
CARRARO Carraro India₹608.5010.4%
+₹3.3b		35.1%PE30.7x
UNIPARTS Uniparts India₹607.3512.6%
+₹3.1b		80.0%PE17.3x
531266 V.S.T. Tillers Tractors₹4.78k4.4%
+₹1.7b		26.8%PE39.5x
SWARAJENG Swaraj Engines₹3.76k1.4%
+₹617.2m		-6.6%PE23.3x

Latest News

CARRARO
₹608.50
Carraro India
7D
10.4%
1Y
35.1%
530449
₹52.50
Rungta Irrigation
7D
-1.9%
1Y
-22.4%
UNIPARTS
₹607.35
Uniparts India
7D
12.6%
1Y
80.0%
517431
₹20.78
Narmada Macplast Drip Irrigation Systems
7D
-1.5%
1Y
19.4%
RMDRIP
₹18.54
R M Drip and Sprinklers Systems
7D
-2.5%
1Y
-41.6%
ESCORTS
₹2,939.60
Escorts Kubota
7D
1.7%
1Y
-16.8%
Narrative Update • May 24

ESCORTS: New Greenfield Capacity And Higher Dividend Will Support Future Re Rating

Analysts have trimmed their fair value estimate for Escorts Kubota from ₹4,509.53 to ₹4,234.89 as they factor in updated assumptions around revenue growth, profit margins, the discount rate and future P/E expectations. What's in the News Recommended final dividend of 330% for FY2026, equal to ₹33.0 per share, taking the total FY2026 payout to ₹51.0 per share including a special dividend of ₹18.0 per share, described as 82.1% higher than the previous year (company announcement).
INDOFARM
₹130.40
Indo Farm Equipment
7D
3.2%
1Y
-16.0%
POLYSIL
₹130.75
Polysil Irrigation Systems
7D
-3.1%
1Y
183.0%
531997
₹66.50
Ikoma Technologies
7D
6.1%
1Y
-27.7%
526711
₹29.10
Adarsh Plant Protect
7D
-3.9%
1Y
12.5%
531266
₹4,775.05
V.S.T. Tillers Tractors
7D
4.4%
1Y
26.8%
500219
₹30.13
Jain Irrigation Systems
7D
1.1%
1Y
-47.4%
SWARAJENG
₹3,762.70
Swaraj Engines
7D
1.4%
1Y
-6.6%
Analysis Article • Apr 21

Swaraj Engines' (NSE:SWARAJENG) Solid Earnings May Rest On Weak Foundations

Swaraj Engines Limited's ( NSE:SWARAJENG ) healthy profit numbers didn't contain any surprises for investors. We think...