Escorts Kubota Limited · NSE:ESCORTS
Escorts Kubota — Shareholder Meeting (July 2026)
64 slides from Escorts Kubota's shareholder meeting presentation, Jul 15, 2026
Slide 1: Presentation at the 80th Annual General Meeting
July 15, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai – 400 051 Bandra East, Mumbai – 400 051 BSE – 500495 NSE – ESCORTS Sub: Presentation at the 80th Annual General Meeting (‘AGM’) of Escorts Kubota L
Slide 2: ESCORTS KUBOTA LIMITED – AGM Speech Recording
ESCORTS KUBOTA LIMITED – AGM Speech Recording Date – 15th July,2026
Slide 3: 80th Annual General Meeting
80th Annual General Meeting Dear Shareholders, it is my pleasure to walk you through our performance for the year FY26 and our strategic direction for the years ahead. Accompanying me is Kato San, Our Deputy Managing Director. At the outset, I would like to draw the kind attention of this august gat
Slide 4: Safe Harbour
i Safe Harbour Y 44s Certain statement in this message include forward-looking comments and information concerning the company's plans and projections for the future, including estimates and assumptions with respect to economic, political, technological, weather, market acceptance and other factors
Slide 5: Our Theme: "On Your Side"
Our Theme: "On Your Side" This year, we continue with our theme "On Your Side." I want to be clear about what that means — because it is not a tagline. It is a commitment.
Slide 6: On Your Side
On Your Side When a farmer wakes at five in the morning, when the sowing season is tight and the rains are uncertain, he needs one thing: equipment that simply works. He cannot afford downtime. He has no backup plan. In that moment, we want him to know — Escorts Kubota is on his side. The same goes
Slide 7: The Environment We Are Navigating
The Environment We Are Navigating Today the world around us is more volatile, more uncertain. We have witnessed uncertain global situations. Geopolitical tensions — particularly in the Middle East — have created real disruptions in commodity costs and supply chain. We are managing these headwinds th
Slide 8: India – World's Fastest Growing Economy
India – World’s Fastest Growing Economy The India story, on the other hand, has never been more compelling. We are the world's fastest-growing major economy. Agriculture supports over 150 million families. Government’s commitment to agriculture and infrastructure is consistent and long-term. We are
Slide 9: The Tractor Market — A Defining Year
The Tractor Market — A Defining Year In FY26, the Indian domestic tractor industry reached a historic high of 11.60 lakh units, the highest ever recorded, with robust demand growth of 23.5% YoY, supported by strong monsoons, healthy reservoir levels, higher MSPs and GST rationalization. We grew with
Slide 10: How Far We Have Come
How Far We Have Come Over Eight decades, EKL has served more than two million customers whose livelihoods have, in some way, been connected to what we manufacture. And six years ago, we made one of the most important decisions in our history. We partnered with Kubota Corporation of Japan. That decis
Slide 11: FY2026 | Best Year in EKL History
FY2026 | Best Year in EKL History FY26 was the best year in the financial history of Escorts Kubota Limited.
Slide 12: FY2026 Performance
FY2026 Performance *Standalone Revenue from continuing operations grew 12.6% to ₹11,473 crore. EBITDA grew 28.5% to ₹1,513 crore, with margins expanding 163 basis points to 13.2%. PAT from continuing operations stood at ₹1,381 crore, with earnings per share of ₹125.52.
Slide 13: FY2026 Performance
FY2026 Performance *Standalone ROCE came in at 14.8% and ROE at 12.1% from continuing operations.
Slide 14: FY 2026 Performance | Railway Equipment
FY 2026 Performance | Railway Equipment *Standalone In addition, the divestment of our Railway Equipment Division generated proceeds of ₹1,600 crore and a PAT gain of ₹1,028 crore
Slide 15: FY2026 Performance
FY2026 Performance *Standalone bringing reported PAT to ₹2,409 crore. However, view the normalised PAT of ₹1,381 crore as a more accurate reflection of the operating performance — and one we are genuinely proud of.
Slide 16: FY 2026 Performance | Free Cash Generation
FY 2026 Performance | Free Cash Generation *Standalone Free cash generation of ₹1,205 crore. Surplus net cash on our balance sheet: over ₹9,600 crore. CRISIL AA+ With Positive Outlook rated.
Slide 17: Returning Value to the Shareholders
Returning Value to the Shareholders The Board has recommended a total dividend of ₹51 per share — including ₹18 special dividend already paid — reflecting our confidence in the business and our commitment to returning value to shareholders. FY26 marked the highest-ever revenues, EBITDA, and PAT in E
Slide 18: Where We Are Honest
Where We Are Honest At the same time — I will not gloss over the areas where we fell short. These are the opportunities we recognise. Our domestic tractor market share stood at approximately 10.9%. The industry expanded faster than we did in the domestic market. We had product gaps — particularly in
Slide 19: Our Product – Farmtrac Promaxx
Our Product – Farmtrac Promaxx What excites me most about FY27 is the product lineup we are entering it with. Farmtrac Promaxx, a versatile tractor designed for both agricultural and commercial applications, already contributes 25% of Farmtrac volumes. It has helped us expand into new geographies an
Slide 20: Our Product – Kubota MU4201
Our Product – Kubota MU4201 Kubota MU4201 marks our entry into the high-volume 41–44 HP segment, addressing an important portfolio opportunity for the brand. It combines Japanese engineering precision with a strong understanding of Indian market requirements.
Slide 21: Our Product – Digitrac
Our Product – Digitrac Digitrac Series — represents where Powertrac is going premium, technology-forward, over 20% of the brand's mix.
Slide 22: Our Product – Shaurya
Our Product – Shaurya Shaurya - the South Special, engineered specifically for paddy cultivation in Southern India, spanning the 39–52 HP range. This directly addresses last year's product gap. We are now in this segment.
Slide 23: Our Agri Solutions business is growing
Our Agri Solutions business is growing This is one of the most exciting chapters in EKL’s evolution — because it marks our transition from being a tractor company to becoming a full-spectrum agricultural solutions company. In harvesters, we are bringing Kubota’s world-class combine harvester technol
Slide 24: Our Products - Harvesters
Our Products - Harvesters Under the Farmpower brand, we have added a more competitive range of wheeled harvesters — engineered to deliver high performance across diverse terrain and cropping conditions. And I am particularly pleased to share that we will be commencing the manufacture of walk behind
Slide 25: Our Products – Rice Transplanters
Our Products – Rice Transplanters I am proud to say that EKL is already the Number One player in rice transplanter market share in India. Beginning domestic manufacturing here in Faridabad is the next step in making this technology available at scale — and cementing our leadership in this category f
Slide 26: Service and Parts — Backing Every Machine We Sell
Service and Parts — Backing Every Machine We Sell A machine is only as good as the support behind it. This year, we took a significant step in our service infrastructure: we moved into a new, dedicated warehouse of 300,000 square feet — state-of-the-art in every dimension. Automated storage, optimiz
Slide 27: Construction Equipment — Navigating the Cycle
Construction Equipment — Navigating the Cycle CE contributed ₹1,686 crore — 15% of revenue. The environment was challenging high base from prior year, extended monsoons, slower infrastructure execution, and emission norm transitions. But we strengthened our position. Pick-and-carry crane market shar
Slide 28: Construction Equipment — Navigating the Cycle
Construction Equipment — Navigating the Cycle And we launched the BLX 75 Stage V backhoe loader, positioning us for the infrastructure cycle ahead. Near-term volumes are an area of focus. The long-term structural drivers — roads, railways, urban infrastructure, mining — are firmly in place. We are r
Slide 29: Exports — India Building for the World
Exports — India Building for the World Our export volumes grew 33.8% — significantly outpacing the industry. And 60% of those exports moved through Kubota's global distribution network. This is not incidental. It is proof that the premise of this partnership is working, India as the manufacturing hu
Slide 30: Engine Business — Expanding Our Reach
Engine Business — Expanding Our Reach Our engine business is a segment we are actively building with greater ambition. We are expanding our product range and growing our presence with Original Equipment Manufacturers — OE customers who require reliable, certified powertrains for their own equipment
Slide 31: Engine Business — Expanding Our Reach
Engine Business — Expanding Our Reach We are also expanding into the genset market — standby and prime power generator sets are a significant and stable demand category across industry, agriculture, healthcare, and infrastructure. In addition, we see a growing opportunity to export engines — to mark
Slide 32: 80th Annual General Meeting
80th Annual General Meeting At this point, I want to invite my colleague and partner — Akira Kato-san, our Deputy Managing Director and the representative of Kubota Corporation — to share his perspective. Kato-san has been at the heart of this partnership's evolution. Kato-san — the floor is yours.
Slide 33: The strategic moves that will Define Our next Decade
The strategic moves that will Define Our next Decade Thank you, Nanda-san! Good afternoon, everyone. I am Akira Kato — Deputy Managing Director of Escorts Kubota, and the representative of Kubota Corporation in this partnership. I have experienced Indian markets for almost seven years. And I will sa
Slide 34: The strategic moves that will Define Our next Decade
The strategic moves that will Define Our next Decade The second: One EKL. The amalgamation of our Kubota joint ventures into a single entity created an organisation that is more agile, more efficient, and more capable of executing a unified three-brand strategy. The benefits — simplified governance,
Slide 35: The strategic moves that will Define Our next Decade
The strategic moves that will Define Our next Decade The third: the Greenfield. We have initiated a phased manufacturing expansion in Uttar Pradesh — one of the largest Indo-Japanese industrial investments in the state. With land allotment secured and ₹2,000 crore committed in the first phase, this
Slide 36: What India Means to Kubota
What India Means to Kubota Kubota Corporation was founded in 1890 in Osaka. For over 136 years, we have built equipment that serves food and water — the two most essential needs of human life. When we chose to deepen our partnership with Escorts, we were making a long-term commitment to India. Not a
Slide 37: FY 2026 | Best Year in EKL History
FY 2026 | Best Year in EKL History Kubota's Mid-Term Business Plan 2030 names India as our global growth driver. That language is deliberate. It means that when Kubota Board in Osaka looks at where Kubota grows over the next decade — India is at the centre. Because India is the world's largest tract
Slide 38: FY 2026 | Best Year in EKL History
FY 2026 | Best Year in EKL History Because India has the engineering talent, the manufacturing capability, and the cost competitiveness to supply not just its own market — but markets across Africa, Southeast Asia, and Latin America, as well as the basic segment in Europe and North America And EKL —
Slide 39: R&D and Product Pipeline
R&D and Product Pipeline Our R&D partnership with Kubota is deepening rapidly. The India Business Transformation Project includes a dedicated R&D Enhancement working group — learning KBT’s product development and validation methodologies and transferring them fully into EKL’s engineering teams. The
Slide 40: R&D and Product Pipeline
R&D and Product Pipeline Looking ahead, EKL and Kubota are committed to investing in world-class R&D infrastructure here in India. This is not incremental spending — it is a deliberate decision to build the engineering capability that will support product development for both the domestic market and
Slide 41: Manufacturing Excellence
Manufacturing Excellence The Kubota Production System is being implemented across our manufacturing facilities. This is not simply an efficiency initiative. It is about strengthening quality, consistency, and reliability - the attributes that earn the trust of a farmer who chooses our products year
Slide 42: Profit improvement
Profit improvement We are establishing the Knowledge Centre model as a dedicated profit centre responsible for maximizing product profitability. For new product development, the Centre will estimate target costs and collaborate with relevant functions from the earliest stages of development. This di
Slide 43: Digital Transformation
Digital Transformation We are in the process of deploying digital platforms across the full customer lifecycle — precision farming apps, telematics-based service diagnostics, genuine parts inventory management across 1,500-plus dealer touchpoints. We are also building integrated planning tools for o
Slide 44: Digital Transformation
Digital Transformation And beyond our current digital platforms, I am pleased to share that we have developed an AI Roadmap for EKL. The framework is designed to work within the EKL environment: practical, integrated, and directed at enhancing both analysis and execution.
Slide 45: EKFL — Captive Finance
EKFL — Captive Finance Escorts Kubota Finance Limited — our wholly owned captive finance subsidiary — is now operational. Together with our banking and NBFC partnerships, EKFL is improving credit access, approval turnaround, and financing customization for dealers and farmers. This is a direct enabl
Slide 46: 80th Annual General Meeting
80th Annual General Meeting I want to close with something simple. The farmers we serve do not wait for the world to improve their situation. They work, every day, to improve it themselves. Our job is to be worthy of that effort — through the quality of what we build and the reliability of our suppo
Slide 47: 80th Annual General Meeting
80th Annual General Meeting Thank you, Kato-San! What Kato-San described is exactly how a genuine partnership feels from the inside. Now, I would like to invite Hanada-san, the President, Representative Director, and the CEO of Kubota Corporation, to share his insights.
Slide 48: For Our Customers
For Our Customers At the heart of our business are the farmers and builders who depend on our products every day. Their expectations are clear: products that perform reliably, deliver value over their lifetime, and are backed by responsive support whenever required. This understanding continues to s
Slide 49: For Our Shareholders
For Our Shareholders FY26 was another year of disciplined execution and continued focus on long-term value creation. Our approach to capital allocation remains guided by prudence and long-term value creation. We invest in opportunities that strengthen our competitive position and support sustainable
Slide 50: For Our Dealers
For Our Dealers Our dealers are our long-standing partners in our growth journey. Many of these relationships span generations, and we owe them a business model that is sustainable, communication that is transparent, and an organization that acts on challenges rather than simply acknowledging them.
Slide 51: For Our Employees
For Our Employees Our people remain the foundation of our long-term success. In FY26, over 84% of key leadership roles were filled internally, reflecting the strength of our talent pipeline and our commitment to developing leaders from within. Employee engagement remained strong, with scores above 8
Slide 52: Governance, ESG & Social Responsibility
Governance, ESG & Social Responsibility Our commitment to ESG is not driven by compliance requirements, but by our belief that long-term business success and environmental stewardship go hand in hand. Initiatives such as solar power integration, zero-liquid discharge systems, and water conservation
Slide 53: Governance, ESG & Social Responsibility
Governance, ESG & Social Responsibility Our social responsibility efforts are focused on creating lasting impact in the communities we serve.
Slide 54: Governance, ESG & Social Responsibility
Governance, ESG & Social Responsibility Through the Escorts Kubota Advanced Farming Institute (EKAFI), we are helping farmers adopt modern agricultural practices and access new technologies. Having trained over 18,000 farmers since inception.
Slide 55: Governance, ESG & Social Responsibility
Governance, ESG & Social Responsibility Strong governance remains the foundation of our organisation. Our CRISIL AA+ rating with a positive outlook and the composition of our Board reflect the standards we hold ourselves to—not because they are mandated, but because they are essential to building a
Slide 56: The Road Ahead
The Road Ahead As we look ahead, our priorities are clear. First, we remain focused on recovering and growing market share.
Slide 57: The Road Ahead
The Road Ahead Second, we will execute our Mid-Term Business Plan with discipline and purpose.
Slide 58: The Road Ahead
The Road Ahead Third, we will continue to deepen the partnership between EKL and Kubota. With each passing year, this relationship creates new opportunities to strengthen our capabilities and accelerate innovation.
Slide 59: The Road Ahead
The Road Ahead Finally, we will continue investing in the future of our organisation. Our Greenfield manufacturing facility, product pipeline, digital capabilities, and talent development initiatives are investments in the Escorts Kubota of 2030 and beyond.
Slide 60: Gratitude
Gratitude Before I conclude, I would like to reflect on what truly lies behind our performance this year. No company builds a record year on its own. It is built through the trust of customers, the confidence of shareholders, the guidance of the Board, the commitment of dealers and suppliers, and th
Slide 61: Board of Directors
Board of Directors
Slide 62: Management Team
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Slide 63: 80th Annual General Meeting
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Slide 64: Thank you
ध यवाद ご視聴ありがとうございました。 Thank you