Sector analysis
Agricultural, Commercial & Construction Vehicles
Read from what its listed companies are showing. Each industry inside it is judged on its own below.
Mixed
16 listed companies · ₹ 3,09,647 Cr. total market value- ▲79% of companies grew sales by more than 8% from a year earlier; the typical company's profit rose 1.5%. 13% made a loss.
- ●1 credit rating upgrade and no downgrades in the last 90 days.
- –8 good and 2 bad company announcements, including 2 big orders won (read since 6 Oct 2026; not counted until there is a month of them).
- ▼The typical share is down 10% in 3 months; 38% of shares trade above their 200-day average (their usual level).
- –Typical P/E 24.3, close to these companies' usual level.
▲ / ▼ / ● are the signals the verdict counts: results, credit ratings, announcements and share prices. Lines marked – are shown but not counted.
In charts
Share prices over the last year
The typical Agricultural, Commercial & Construction Vehicles share against the typical share on the market, both starting at 100. Now 89 vs 83.
Is growth speeding up or slowing down?
The typical company's sales and profit growth against the same quarter a year earlier.
Industries in this sector
A sector mixes different businesses; each industry is judged on its own. Open one for its charts and companies.
| Commercial Vehicles4 companies | Too few | 100% of cos. | +1.5% | −6.5% | 22.6 |
| Construction Vehicles6 companies | Too few | 67% of cos. | +4.9% | −14% | 27.4 |
| Tractors3 companies | Too few | 100% of cos. | −31.7% | −12.3% | 20.6 |
| Dealers-Commercial Vehicles, Tractors, Construction Vehicles3 companies | Too few | 50% of cos. | −50.5% | +28.7% | 19.8 |
Cheaper than peers
Not a buy list. These shares trade at a P/E at least 30% below their industry's typical level and below their own usual level, and they also pass basic checks: profitable, sales and profit growing, low debt, no red flags, market value of ₹250 Cr or more. Cheap shares are often cheap for a reason; this is where to start reading, not where to stop.
No company here passes every test right now.
Cheaper than peers across the whole market
Leaders and laggards
Good news
- Tata MotorsExpansion or acquisition
- Indo Farm EquipmentCredit rating raised
- Gurunanak Agriculture IndiaStrong results
Warning signs
No red flags in 90 days.
Best shares, 3 months
- Seemax Resources Ltd+52%
- BEML+11.7%
- Jinkushal Industries+5.4%
- SML Mahindra+4.7%
- Action Construction Equipment−1.6%
Worst shares, 3 months
- Brady & Morris Engineering Company Ltd−24.4%
- Indo Farm Equipment−23.7%
- TIL−22.7%
- Atul Auto−17.1%
- Gurunanak Agriculture India−13.9%
Companies
Click a column to sort.
| Signs (90 days) | |||||||
|---|---|---|---|---|---|---|---|
| Tata Motors TMCV | Commercial Vehicles | ₹ 1,46,575.02 Cr. | +36.3% | — | 20.4 | −2.9% | Expansion or acquisition |
| Ashok Leyland ASHOKLEY | Commercial Vehicles | ₹ 85,728.9 Cr. | +11.6% | +1.5% | 22.9 | −10.1% | |
| Escorts Kubota ESCORTS | Tractors | ₹ 29,420.26 Cr. | +28.3% | −72.4% | 20.6 | −10.5% | |
| BEML BEML | Construction Vehicles | ₹ 15,388.58 Cr. | +29.3% | Loss | 86.3 | +11.7% | |
| Action Construction Equipment ACE | Construction Vehicles | ₹ 11,953.83 Cr. | +20.6% | +21.4% | 27.3 | −1.6% | |
| SML Mahindra SMLMAH | Commercial Vehicles | ₹ 7,035.22 Cr. | +20.7% | −42.9% | 47.7 | +4.7% | |
| AJAX Engineering AJAXENGG | Construction Vehicles | ₹ 6,324.37 Cr. | +1.7% | +5.7% | 27.4 | −5.4% | |
| VST Tillers Tractors VSTTILLERS | Tractors | ₹ 3,356.54 Cr. | +11% | +8.9% | 31 | −12.3% | |
| TIL TIL | Construction Vehicles | ₹ 1,632.15 Cr. | +86.2% | Loss | 80.1 | −22.7% | |
| Atul Auto ATULAUTO | Commercial Vehicles | ₹ 1,076.21 Cr. | +43% | +290.3% | 22.3 | −17.1% | |
| Indo Farm Equipment INDOFARM | Construction Vehicles | ₹ 551.29 Cr. | +14.5% | +4.2% | 22.2 | −23.7% | Credit rating raised |
| Jinkushal Industries JKIPL | Dealers-Commercial Vehicles, Tractors, Construction Vehicles | ₹ 394.21 Cr. | +15.9% | −66.2% | 46.4 | +5.4% | |
| Brady & Morris Engineering Company Ltd 505690 | Construction Vehicles | ₹ 122.35 Cr. | −12% | −50% | 25.7 | −24.4% | |
| Gurunanak Agriculture India GURUNANAK | Tractors | ₹ 38.4 Cr. | — | — | 6.3 | −13.9% | Strong results |
| Seemax Resources Ltd 544813 | Dealers-Commercial Vehicles, Tractors, Construction Vehicles | ₹ 35.21 Cr. | — | — | 19.8 | +52% | |
| Kalyani Commerc. KALYANI | Dealers-Commercial Vehicles, Tractors, Construction Vehicles | ₹ 14.5 Cr. | −10.6% | −34.9% | 6 | — |
Figures are medians and shares of companies, so one giant company cannot outweigh the rest. Results compare each company's latest quarter with the same quarter a year earlier; ratings and announcements cover the last 90 days (announcements are read by AI and can be wrong). This page adds up published data; it is not a recommendation to buy or sell anything.