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List of Tractor Stocks in India (2025)

Tractor stocks include leading agri-equipment manufacturers catering to India’s large farming population - cyclical, monsoon-driven demand.

Top Tractor Stocks in 2025

Tractors Stock Screener

Tractors Stock Screener: Analyse & Filter Indian Stocks on Tickertape

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NameStocks (3)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓PE RatioPE Ratio↓↓1D Return1D Return↓↓1M Return1M Return↓↓6M Return6M Return↓↓1Y Return1Y Return↓↓PB RatioPB Ratio↓↓Return on EquityReturn on Equity↓↓ROCEROCE↓↓Dividend YieldDiv Yield↓↓Debt to EquityDebt to Equity↓↓Volatility vs NiftyVolatility vs Nifty↓
1.Escorts Kubota LtdESCORTSTractorsTractors41,081.1341,081.133,733.803,733.8032.4832.48-1.74-1.74-0.52-0.5214.9114.918.198.193.963.9612.8112.8114.2014.200.760.760.010.012.452.45
2.VST Tillers Tractors LtdVSTTILLERSTractorsTractors4,888.684,888.685,656.005,656.0052.5852.580.230.23-6.89-6.8947.2347.2312.3612.364.884.889.669.6611.5511.550.350.350.000.002.972.97
3.Swaraj Engines LtdSWARAJENGTractorsTractors4,558.224,558.223,752.403,752.4027.4627.46-0.55-0.55-6.18-6.18-4.31-4.3115.9615.9610.8710.8742.1442.1452.2152.212.782.780.000.003.263.26
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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Tractor Stocks, based on publicly available information and is sorted by market cap.

What Are Tractor Stocks?

Tractor stocks are stocks of listed companies that design, manufacture, and supply tractors and agricultural machinery. These firms are pivotal in enabling farm mechanisation, catering to both commercial and smallholder farming. They include integrated conglomerates and niche manufacturers that drive rural modernization and agri productivity.

GST 2.0 Impact on Tractor Sector

Cheaper Tractors for Farmers: The tax on tractors has been cut from 12 % to 5 %, and on tyres and parts from 18 % to 5 %. This eases the cost of farm equipment.
Farm Mechanisation Push: Lower prices support wider use of tractors among small farmers, making mechanisation more accessible.

Overview of the Top Tractor Stocks

Escorts Kubota Ltd

Escorts Kubota Ltd is a leading Indian engineering firm that manufactures tractors, construction equipment, and railway components. It partners with Japan’s Kubota to provide advanced and efficient machinery and technologies that focus on productivity, precision, and sustainable farming for the agriculture and infrastructure sectors.

Swaraj Engines Ltd

Swaraj Engines Ltd, affiliated with the Mahindra Group, manufactures diesel engines in the 20 to 60 HP range for Swaraj tractors. It supports India’s farm mechanization efforts by producing high-performance, fuel-efficient, and durable engines that boost agricultural productivity and rural development.

VST Tillers Tractors Ltd

VST Tillers Tractors Ltd specialises in compact agricultural machines such as power tillers and mini-tractors. It serves small and marginal farmers by offering affordable, efficient, and durable farming equipment. It exports significantly to markets in Asia and Africa and promotes mechanization globally.

Market Size of Tractor Sector in India

The tractor market in India is projected to be valued between $7.9 bn and $8.8 bn in 2025, with variations arising from different methodologies and definitions used across studies. Looking ahead, the sector shows strong expansion potential, with forecasts indicating growth to $12-16 bn over the next decade. However, when the broader ecosystem is considered, such as value chain components and agricultural equipment beyond tractors, the market size appears significantly larger, highlighting the industry’s wide-ranging economic impact.

How to Invest in Tractor Stocks?

Investing in tractor stocks using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in tractor stocks:

  1. Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
    2. 

  2. Search for Tractor Stocks: Go to Tickertape Stock Screener and search for tractor stocks.
    3. 

  3. Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or dividend yield. You can create your own custom filter if your preferred parameters are not available. This can help you narrow down the top tractor stocks in India.
    4. 

  4. Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
    5. 

  5. Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
    6. 

  6. Invest Through Your Broker: Once you’ve identified tractor stocks that align with your investment thesis, you can place a buy order through your brokerage account linked to Tickertape.
    7. 


You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

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Advantages of Investing in Tractor Stocks

Strong Rural Demand Cycles

Indian harvest seasons create peak tractor demand, reflected in a 9.2% year-on-year volume growth in Q1 FY26.

Market Dominance by Integrated Players

Mahindra & Mahindra leads the market with 10.5% volume growth and about 45% market share, supported by wide rural reach and new product launches.

Export Potential

Companies like Escorts Kubota and TAFE export tractors and machinery globally, which helps diversify their sales.

Niche and Financial Performance

Swaraj Engines and Escorts Kubota show strong recent returns and maintain steady net-profit margins around 9–10%.

Risks of Investing in Tractor Stocks

Cyclicality Tied to Agricultural Cycles

Tractor demand varies significantly depending on weather conditions, crop cycles, and rural income levels.

Commodity and Input Cost Volatility

Fluctuations in steel and component prices put pressure on profit margins.

Regulatory and Policy Uncertainty

Changes in subsidies or emission norms can affect costs and sales timing.

Factors to Consider Before Investing in Tractor Stocks

Market Share & Volume Momentum

Monitor quarterly sales volumes and market share trends. Mahindra & Mahindra’s strong Q1FY26 performance highlights the advantage of scale and a good product pipeline.

Financial Strength & Valuation

Focus on companies like Swaraj Engines and Escorts Kubota, which show robust profit margins and strong returns.

Innovation & Technological Investment

Investors should watch firms investing in AI and IoT solutions for agriculture, such as TAFE, as they prepare for sustainable future growth.

Conclusion

Tractor stocks blend cyclical agricultural exposure with long-term structural growth, driven by rural mechanization and policy momentum. Investors should focus on leaders with strong market share, financial health, innovation capability, and export diversification. Managing risks, especially seasonal and regulatory, is essential. Therefore, with Tickertape Stock Screener, you can identify tractor stocks that are aligned with your investment thesis.

Frequently Asked Questions on Tractor Stocks

  1. What are Tractor Stocks?

    Tractor stocks are stocks of listed companies that design, manufacture, and supply tractors and agricultural machinery. Tractor shares represent firms like Swaraj Engines and Escorts that manufacture tractors, supporting India’s large-scale mechanization of agriculture.

  2. How to invest in Tractor Stocks?

    Here’s how you can invest in Tractor stocks:
    1. Go to the Tickertape Stock Screener.
    2. In the 'Industrials' sector, select the ‘Tractors’ sub-sector.
    3. Analyse and sort the Tractor shares using over 200+ filters—including valuation ratios, financials, technical indicators, and more—based on your investment thesis.
    4. Review the filtered list, and identify stocks that best align with your risk appetite, return expectations, and investment goals.
    5. Once you've shortlisted the stocks, click ‘Place Order’ to invest in your preferred Tractor shares.

    Disclaimer - Please do your own research or consult your financial advisor before investing.

  3. What are some of the top Tractor shares companies listed on NSE?

    Top NSE-listed Tractors stocks in India based on market capitalisation include:
    1. Escorts Kubota Ltd
    2. Swaraj Engines Ltd
    3. VST Tillers Tractors Ltd

    Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

  4. What are the factors affecting Tractor shares prices?

    Farm mechanization demand, rural income, subsidies, and monsoon affect tractor stock movements.
    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  5. What is the future projection of Tractor shares?

    The agriculture sector's modernisation is driving demand for tractors, with companies poised for growth. ​

    Disclaimer: This is only for educational purposes as the latest data is derived from major financial research reports.

  6. How to choose Tractor shares for investing?

    Evaluate rural demand, monsoon dependency, and product innovation.

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  7. Do Tractor shares offer regular dividends?

    Stable rural demand and government subsidies make this a steady-growth sector. Leading players offer regular dividends, backed by consistent earnings.

    Disclaimer: The latest data on dividends is derived from Tickertape Stock Screener.

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Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.