Escorts Kubota Limited, formerly Escorts Limited, is an Indian multinational conglomerate that operates in the sectors of agricultural machinery, construction machinery, material handling, and railway equipment. Its headquarters are located in Faridabad, Haryana. The company was launched in 1944 and has marketing operations in more than 40 countries.
Escorts Ltd. is one of India's leading engineering conglomerates engaged in the manufacturing of Agri-machinery, Construction & Material Handling Equipment and Railway Equipment. The company operates through three primary business segments that contribute to its diversified revenue stream.
The Agri Machinery segment accounts for 70% of revenue in FY24 compared to approximately 76% in FY23, and includes products such as tractors, engines, implements, spare parts, and lubes. The Construction Equipment segment represents 19% of revenue in FY24 versus 14% in FY23, trading in material handling, road compaction, and earth moving equipment. The Railway Equipment division contributes 11% of revenue in FY24 compared to 10% in FY23, manufacturing brake systems, couplers, suspension systems, and friction and rubber products.
The company manufactures tractors under the brand names Farmtrac, Powertrac, and Steeltrac. Escorts has a plant in Mrągowo, Poland, that was purchased from Pol-Mot in 2000, and four plants in India. Escorts Kubota Limited – Construction Equipment manufactures and markets construction and material handling equipment like Safe Cranes, Hydra Cranes, backhoe loaders & compactors.
The company's railway equipment division plays a crucial role in India's transportation infrastructure. The Railway Equipment Division manufactures and supplies critical railway components such as air brake systems, EP brake systems, draft gears and couplers, composition brake blocks, dampers, and rubber components to the Indian Railways.
The company underwent a significant transformation with its partnership with Kubota Corporation of Japan. In June 2022, Kubota increased its stake to 44.80% following an open offer and subscription to new shares, and the company was renamed as Escorts Kubota Limited. Kubota's stake increased to 53.50% after the cancellation of all shares held by Escorts Benefit and Welfare Trust in the company. In 2024, the NCLT approved a merger of Kubota Agricultural Machinery India Pvt Ltd and Escorts Kubota India Pvt Ltd with Escorts Kubota Limited.
Escorts Kubota has a market capitalization of ₹37,228 crore as of the latest available data. The company's revenue jumped 7.84% year-over-year to ₹2,624.15 crore in Q4 2024-2025, while net profit increased 17.94% to ₹318.42 crore during the same period. Net profit margin improved to 12.13% in Q4 2024-2025, representing a 9.37% increase from the previous year.
The company has demonstrated strong financial discipline and growth trajectory. Company has delivered good profit growth of 21.5% CAGR over the last 5 years. The company has reduced debt and is almost debt free. Promoter holding stands at 68.0%.
Escorts Kubota launched 'Hydra 12' Pick & Carry Crane on July 2, 2025, in the domestic market. In June 2025, tractor sales were up 2.2% with exports showing remarkable growth of 114%, while construction equipment sales declined 27.2% due to monsoon conditions.
The company maintains strong operational metrics with solid capacity utilization. Capacity utilization remains strong, with approximately 75% in Agri Machinery and 65% in Construction Equipment. A sustainable order book indicates a promising outlook for the Railway Equipment Division.
Escorts Kubota Limited's management team includes Nikhil Nanda as the Chairman and Managing Director and Seizi Fukuoka as Deputy Managing Director. The company's leadership continues to drive strategic initiatives and maintain its position as a leading engineering conglomerate in India.
With its diversified business model spanning agricultural machinery, construction equipment, and railway components, Escorts Kubota Limited remains well-positioned to capitalize on India's infrastructure development and agricultural modernization needs. The company's strong partnership with Kubota Corporation enhances its technological capabilities and market reach, supporting its continued growth in domestic and international markets.
