Share Price and Basic Stock Data
Last Updated: October 27, 2025, 8:21 pm
| PEG Ratio | -11.70 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
VST Industries Ltd operates in the Cigarettes and Tobacco Products sector, reporting a market capitalization of ₹4,395 Cr. In the fiscal year ended March 2023, the company recorded sales of ₹1,292 Cr, reflecting a growth trajectory from ₹1,178 Cr in FY 2022. The sales figures further indicate a positive trend, with reported revenues for FY 2024 rising to ₹1,420 Cr before declining slightly to ₹1,398 Cr for FY 2025. Quarterly sales also reveal a steady increase, peaking at ₹375 Cr in the March 2024 quarter. Despite fluctuations, the overall sales performance suggests resilience in a highly regulated market, where VST Industries commands a significant share. The company’s operations are supported by a robust reserve base of ₹1,153 Cr and zero borrowings, highlighting its financial prudence and ability to reinvest in business growth without incurring debt.
Profitability and Efficiency Metrics
VST Industries has demonstrated solid profitability metrics, with a reported net profit of ₹290 Cr for FY 2025. This figure represents a decline from ₹327 Cr in FY 2023 but is reflective of the broader economic pressures faced by the tobacco industry. The company’s operating profit margin (OPM) stood at 20% for FY 2025, a significant drop from 30% in FY 2023, indicating rising operational costs that have impacted profitability. The return on equity (ROE) was recorded at 16.5%, while the return on capital employed (ROCE) was slightly higher at 20.8%, reflecting efficient use of capital. Furthermore, the cash conversion cycle (CCC) of 180 days suggests a moderate efficiency in managing working capital, though an increase from previous years indicates potential challenges in inventory management or receivables collection.
Balance Sheet Strength and Financial Ratios
The balance sheet of VST Industries showcases a strong financial position, with no borrowings reported, indicating a debt-free status. This is complemented by a current ratio of 2.74 and a quick ratio of 1.71, both of which signify strong liquidity and the ability to cover short-term obligations comfortably. The company’s price-to-book value (P/BV) ratio stood at 3.37x, suggesting that the stock may be trading at a premium compared to its book value, reflecting investor confidence. Additionally, the company’s reserves have seen growth over the years, from ₹1,059 Cr in FY 2022 to ₹1,153 Cr in FY 2025, reinforcing a solid foundation for future investments. However, the decrease in net profit margin to 20.77% in FY 2025 from 25.29% in FY 2023 raises questions about cost management amid increasing competition and regulatory challenges.
Shareholding Pattern and Investor Confidence
VST Industries’ shareholding pattern reveals a stable structure with promoters holding 32.16% of the equity, indicating a strong commitment from the founding family. Foreign Institutional Investors (FIIs) accounted for 1.60% of the shareholding as of Mar 2025, while Domestic Institutional Investors (DIIs) held 6.24%. The public shareholding has increased to 59.81%, reflecting growing investor interest and confidence in the company’s long-term prospects. The number of shareholders has also risen significantly, reaching 1,58,755 by Jun 2025, compared to 32,988 in Sep 2022. This surge in shareholders indicates a positive market perception and confidence in VST’s strategic direction, despite the challenges faced in the industry. However, the declining trend in DII holdings to 6.24% from a peak of 17.24% raises concerns regarding institutional confidence amidst fluctuating profitability.
Outlook, Risks, and Final Insight
If margins sustain despite operational challenges, VST Industries could leverage its strong balance sheet to invest in product innovation and market expansion. However, the company faces risks such as increasing regulatory scrutiny and competition, which could further pressure margins and profitability. Additionally, fluctuations in raw material costs and changing consumer preferences could impact sales. On the positive side, the company’s debt-free status and significant reserves provide a buffer against economic uncertainties. Should VST Industries manage to improve its operational efficiency and navigate regulatory challenges effectively, it stands a chance to maintain its market position and potentially enhance shareholder value over the long term.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of VST Industries Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| VST Industries Ltd | 4,355 Cr. | 257 | 373/235 | 20.7 | 77.9 | 3.89 % | 20.8 % | 16.5 % | 10.0 |
| Godfrey Phillips India Ltd | 49,313 Cr. | 3,166 | 3,947/1,371 | 40.6 | 336 | 1.00 % | 26.3 % | 19.9 % | 2.00 |
| Industry Average | 26,834.00 Cr | 1,711.50 | 30.65 | 206.95 | 2.45% | 23.55% | 18.20% | 6.00 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 301 | 344 | 346 | 302 | 333 | 350 | 363 | 375 | 321 | 360 | 367 | 349 | 298 |
| Expenses | 188 | 251 | 251 | 220 | 228 | 271 | 290 | 278 | 248 | 292 | 299 | 280 | 221 |
| Operating Profit | 113 | 93 | 95 | 82 | 105 | 79 | 72 | 97 | 73 | 68 | 68 | 70 | 77 |
| OPM % | 38% | 27% | 27% | 27% | 32% | 23% | 20% | 26% | 23% | 19% | 19% | 20% | 26% |
| Other Income | 11 | 33 | 16 | 16 | 12 | 29 | 9 | 30 | 9 | 8 | 108 | 10 | 11 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 7 | 7 | 7 | 8 | 8 | 9 | 10 | 11 | 10 | 11 | 11 | 12 | 12 |
| Profit before tax | 117 | 119 | 103 | 90 | 109 | 99 | 71 | 115 | 72 | 65 | 166 | 67 | 76 |
| Tax % | 26% | 22% | 24% | 23% | 23% | 23% | 24% | 23% | 26% | 26% | 18% | 21% | 26% |
| Net Profit | 87 | 92 | 79 | 69 | 84 | 76 | 54 | 88 | 54 | 48 | 136 | 53 | 56 |
| EPS in Rs | 5.13 | 5.42 | 4.65 | 4.04 | 4.93 | 4.47 | 3.16 | 5.19 | 3.15 | 2.80 | 8.02 | 3.12 | 3.30 |
Last Updated: August 1, 2025, 9:15 am
Below is a detailed analysis of the quarterly data for VST Industries Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 298.00 Cr.. The value appears to be declining and may need further review. It has decreased from 349.00 Cr. (Mar 2025) to 298.00 Cr., marking a decrease of 51.00 Cr..
- For Expenses, as of Jun 2025, the value is 221.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 280.00 Cr. (Mar 2025) to 221.00 Cr., marking a decrease of 59.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 77.00 Cr.. The value appears strong and on an upward trend. It has increased from 70.00 Cr. (Mar 2025) to 77.00 Cr., marking an increase of 7.00 Cr..
- For OPM %, as of Jun 2025, the value is 26.00%. The value appears strong and on an upward trend. It has increased from 20.00% (Mar 2025) to 26.00%, marking an increase of 6.00%.
- For Other Income, as of Jun 2025, the value is 11.00 Cr.. The value appears strong and on an upward trend. It has increased from 10.00 Cr. (Mar 2025) to 11.00 Cr., marking an increase of 1.00 Cr..
- For Interest, as of Jun 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 0.00 Cr..
- For Depreciation, as of Jun 2025, the value is 12.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 12.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 76.00 Cr.. The value appears strong and on an upward trend. It has increased from 67.00 Cr. (Mar 2025) to 76.00 Cr., marking an increase of 9.00 Cr..
- For Tax %, as of Jun 2025, the value is 26.00%. The value appears to be increasing, which may not be favorable. It has increased from 21.00% (Mar 2025) to 26.00%, marking an increase of 5.00%.
- For Net Profit, as of Jun 2025, the value is 56.00 Cr.. The value appears strong and on an upward trend. It has increased from 53.00 Cr. (Mar 2025) to 56.00 Cr., marking an increase of 3.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 3.30. The value appears strong and on an upward trend. It has increased from 3.12 (Mar 2025) to 3.30, marking an increase of 0.18.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 4:08 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 789 | 836 | 883 | 922 | 948 | 1,099 | 1,239 | 1,111 | 1,178 | 1,292 | 1,420 | 1,398 | 1,374 |
| Expenses | 571 | 594 | 646 | 675 | 654 | 746 | 825 | 700 | 767 | 910 | 1,067 | 1,119 | 1,092 |
| Operating Profit | 218 | 243 | 237 | 248 | 294 | 353 | 415 | 411 | 412 | 383 | 353 | 279 | 282 |
| OPM % | 28% | 29% | 27% | 27% | 31% | 32% | 33% | 37% | 35% | 30% | 25% | 20% | 21% |
| Other Income | 32 | 18 | 20 | 20 | 25 | 39 | 47 | 42 | 47 | 76 | 80 | 135 | 137 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 27 | 32 | 31 | 37 | 39 | 41 | 42 | 35 | 30 | 30 | 38 | 44 | 46 |
| Profit before tax | 224 | 229 | 227 | 231 | 279 | 351 | 420 | 417 | 428 | 429 | 395 | 370 | 373 |
| Tax % | 33% | 33% | 32% | 34% | 35% | 35% | 28% | 26% | 25% | 24% | 24% | 21% | |
| Net Profit | 150 | 152 | 153 | 152 | 182 | 227 | 304 | 311 | 320 | 327 | 302 | 290 | 293 |
| EPS in Rs | 8.84 | 8.96 | 9.01 | 8.92 | 10.71 | 13.35 | 17.90 | 18.29 | 18.85 | 19.25 | 17.75 | 17.10 | 17.24 |
| Dividend Payout % | 72% | 71% | 71% | 76% | 66% | 65% | 52% | 57% | 68% | 71% | 77% | 80% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 1.33% | 0.66% | -0.65% | 19.74% | 24.73% | 33.92% | 2.30% | 2.89% | 2.19% | -7.65% | -3.97% |
| Change in YoY Net Profit Growth (%) | 0.00% | -0.68% | -1.31% | 20.39% | 4.99% | 9.20% | -31.62% | 0.59% | -0.71% | -9.83% | 3.67% |
VST Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 2% |
| 3 Years: | 6% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | -7% |
| 3 Years: | -13% |
| TTM: | -22% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | -2% |
| 3 Years: | -2% |
| 1 Year: | -33% |
| Return on Equity | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 27% |
| 3 Years: | 23% |
| Last Year: | 16% |
Last Updated: September 5, 2025, 1:51 pm
Balance Sheet
Last Updated: July 25, 2025, 2:04 pm
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 170 |
| Reserves | 313 | 331 | 355 | 524 | 567 | 649 | 772 | 925 | 1,059 | 1,164 | 1,237 | 1,153 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 427 | 479 | 457 | 259 | 482 | 541 | 610 | 545 | 516 | 474 | 468 | 493 |
| Total Liabilities | 755 | 826 | 827 | 798 | 1,064 | 1,205 | 1,397 | 1,486 | 1,591 | 1,654 | 1,720 | 1,816 |
| Fixed Assets | 209 | 198 | 174 | 220 | 195 | 213 | 187 | 173 | 195 | 590 | 268 | 307 |
| CWIP | 0 | 0 | 41 | 1 | 34 | 0 | 13 | 33 | 10 | 0 | 47 | 1 |
| Investments | 181 | 171 | 162 | 174 | 416 | 575 | 753 | 887 | 971 | 577 | 447 | 532 |
| Other Assets | 365 | 457 | 450 | 403 | 419 | 416 | 444 | 393 | 415 | 486 | 958 | 976 |
| Total Assets | 755 | 826 | 827 | 798 | 1,064 | 1,205 | 1,397 | 1,486 | 1,591 | 1,654 | 1,720 | 1,816 |
Below is a detailed analysis of the balance sheet data for VST Industries Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 170.00 Cr.. The value appears strong and on an upward trend. It has increased from 15.00 Cr. (Mar 2024) to 170.00 Cr., marking an increase of 155.00 Cr..
- For Reserves, as of Mar 2025, the value is 1,153.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,237.00 Cr. (Mar 2024) to 1,153.00 Cr., marking a decrease of 84.00 Cr..
- For Borrowings, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 493.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 468.00 Cr. (Mar 2024) to 493.00 Cr., marking an increase of 25.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 1,816.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,720.00 Cr. (Mar 2024) to 1,816.00 Cr., marking an increase of 96.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 307.00 Cr.. The value appears strong and on an upward trend. It has increased from 268.00 Cr. (Mar 2024) to 307.00 Cr., marking an increase of 39.00 Cr..
- For CWIP, as of Mar 2025, the value is 1.00 Cr.. The value appears to be declining and may need further review. It has decreased from 47.00 Cr. (Mar 2024) to 1.00 Cr., marking a decrease of 46.00 Cr..
- For Investments, as of Mar 2025, the value is 532.00 Cr.. The value appears strong and on an upward trend. It has increased from 447.00 Cr. (Mar 2024) to 532.00 Cr., marking an increase of 85.00 Cr..
- For Other Assets, as of Mar 2025, the value is 976.00 Cr.. The value appears strong and on an upward trend. It has increased from 958.00 Cr. (Mar 2024) to 976.00 Cr., marking an increase of 18.00 Cr..
- For Total Assets, as of Mar 2025, the value is 1,816.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,720.00 Cr. (Mar 2024) to 1,816.00 Cr., marking an increase of 96.00 Cr..
Notably, the Reserves (1,153.00 Cr.) exceed the Borrowings (0.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 218.00 | 243.00 | 237.00 | 248.00 | 294.00 | 353.00 | 415.00 | 411.00 | 412.00 | 383.00 | 353.00 | 279.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 4 | 5 | 5 | 5 | 11 | 5 | 5 | 5 | 10 | 12 | 12 | 17 |
| Inventory Days | 255 | 336 | 316 | 257 | 196 | 187 | 182 | 226 | 210 | 205 | 220 | 222 |
| Days Payable | 48 | 71 | 54 | 44 | 45 | 55 | 87 | 84 | 74 | 57 | 57 | 58 |
| Cash Conversion Cycle | 211 | 270 | 267 | 218 | 162 | 137 | 99 | 148 | 147 | 161 | 175 | 180 |
| Working Capital Days | -54 | -32 | -18 | 43 | -44 | -58 | -63 | -58 | -42 | -4 | 118 | 122 |
| ROCE % | 69% | 65% | 58% | 51% | 50% | 56% | 58% | 48% | 42% | 38% | 32% | 21% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| HDFC Mid-Cap Opportunities Fund - Regular Plan | 850,000 | 0.52 | 289.57 | 850,000 | 2025-04-22 13:31:13 | 0% |
| Axis Small Cap Fund | 172,492 | 0.33 | 63.84 | 172,492 | 2025-04-22 16:29:29 | 0% |
| Parag Parikh ELSS Tax Saver Fund | 106,869 | 1.43 | 39.55 | 106,869 | 2025-04-22 16:29:29 | 0% |
| HDFC Childrens Gift Fund - Regular Plan | 51,488 | 0.21 | 17.54 | 51,488 | 2025-04-22 16:29:29 | 0% |
| Nippon India Consumption Fund | 31,500 | 1.73 | 11.66 | 31,500 | 2025-04-22 16:29:29 | 0% |
| Nippon India Consumption Fund | 31,500 | 1.73 | 11.66 | 31,500 | 2025-04-22 16:29:29 | 0% |
| Samco ELSS Tax Saver Fund | 1,500 | 0.63 | 0.51 | 1,500 | 2025-04-22 16:29:29 | 0% |
| ICICI Prudential S&P BSE 500 ETF | 69 | 0.01 | 0.02 | 69 | 2025-04-22 16:29:29 | 0% |
| HDFC S&P BSE 500 ETF | 3 | 0.02 | 0 | 3 | 2025-04-22 16:29:29 | 0% |
| HDFC S&P BSE 500 Index Fund | 13 | 0.01 | 0 | 13 | 2025-04-22 16:29:29 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | 17.10 | 195.29 | 211.75 | 207.38 | 201.27 |
| Diluted EPS (Rs.) | 17.10 | 195.29 | 211.75 | 207.38 | 201.27 |
| Cash EPS (Rs.) | 19.72 | 219.97 | 231.31 | 226.87 | 223.98 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 77.87 | 811.05 | 763.96 | 695.70 | 609.02 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 77.87 | 811.05 | 763.96 | 695.70 | 609.02 |
| Dividend / Share (Rs.) | 10.00 | 150.00 | 150.00 | 140.00 | 114.00 |
| Revenue From Operations / Share (Rs.) | 82.29 | 919.88 | 836.97 | 762.97 | 719.46 |
| PBDIT / Share (Rs.) | 18.46 | 280.28 | 297.30 | 296.80 | 292.95 |
| PBIT / Share (Rs.) | 15.84 | 255.60 | 277.74 | 277.30 | 270.24 |
| PBT / Share (Rs.) | 21.76 | 255.60 | 277.74 | 277.30 | 270.24 |
| Net Profit / Share (Rs.) | 17.10 | 195.29 | 211.75 | 207.38 | 201.27 |
| PBDIT Margin (%) | 22.43 | 30.46 | 35.52 | 38.90 | 40.71 |
| PBIT Margin (%) | 19.25 | 27.78 | 33.18 | 36.34 | 37.56 |
| PBT Margin (%) | 26.44 | 27.78 | 33.18 | 36.34 | 37.56 |
| Net Profit Margin (%) | 20.77 | 21.22 | 25.29 | 27.18 | 27.97 |
| Return on Networth / Equity (%) | 21.95 | 24.07 | 27.71 | 29.80 | 33.04 |
| Return on Capital Employeed (%) | 19.99 | 30.97 | 35.70 | 39.02 | 43.35 |
| Return On Assets (%) | 15.99 | 17.53 | 19.77 | 20.13 | 20.91 |
| Asset Turnover Ratio (%) | 0.79 | 0.84 | 0.79 | 0.76 | 0.77 |
| Current Ratio (X) | 2.74 | 2.66 | 1.84 | 2.31 | 2.39 |
| Quick Ratio (X) | 1.71 | 1.64 | 1.07 | 1.72 | 1.82 |
| Inventory Turnover Ratio (X) | 1.67 | 1.95 | 1.90 | 1.74 | 1.60 |
| Dividend Payout Ratio (NP) (%) | 79.46 | 76.52 | 65.87 | 54.95 | 51.17 |
| Dividend Payout Ratio (CP) (%) | 68.90 | 67.93 | 60.30 | 50.23 | 45.98 |
| Earning Retention Ratio (%) | 20.54 | 23.48 | 34.13 | 45.05 | 48.83 |
| Cash Earning Retention Ratio (%) | 31.10 | 32.07 | 39.70 | 49.77 | 54.02 |
| Enterprise Value (Cr.) | 4437.91 | 5479.92 | 4835.27 | 4715.83 | 5215.28 |
| EV / Net Operating Revenue (X) | 3.17 | 3.86 | 3.74 | 4.00 | 4.69 |
| EV / EBITDA (X) | 14.15 | 12.66 | 10.53 | 10.29 | 11.53 |
| MarketCap / Net Operating Revenue (X) | 3.19 | 3.88 | 3.76 | 4.02 | 4.71 |
| Retention Ratios (%) | 20.53 | 23.47 | 34.12 | 45.04 | 48.82 |
| Price / BV (X) | 3.37 | 4.40 | 4.12 | 4.40 | 5.57 |
| Price / Net Operating Revenue (X) | 3.19 | 3.88 | 3.76 | 4.02 | 4.71 |
| EarningsYield | 0.06 | 0.05 | 0.06 | 0.06 | 0.05 |
After reviewing the key financial ratios for VST Industries Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 17.10. This value is within the healthy range. It has decreased from 195.29 (Mar 24) to 17.10, marking a decrease of 178.19.
- For Diluted EPS (Rs.), as of Mar 25, the value is 17.10. This value is within the healthy range. It has decreased from 195.29 (Mar 24) to 17.10, marking a decrease of 178.19.
- For Cash EPS (Rs.), as of Mar 25, the value is 19.72. This value is within the healthy range. It has decreased from 219.97 (Mar 24) to 19.72, marking a decrease of 200.25.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 77.87. It has decreased from 811.05 (Mar 24) to 77.87, marking a decrease of 733.18.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 77.87. It has decreased from 811.05 (Mar 24) to 77.87, marking a decrease of 733.18.
- For Dividend / Share (Rs.), as of Mar 25, the value is 10.00. This value exceeds the healthy maximum of 3. It has decreased from 150.00 (Mar 24) to 10.00, marking a decrease of 140.00.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 82.29. It has decreased from 919.88 (Mar 24) to 82.29, marking a decrease of 837.59.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 18.46. This value is within the healthy range. It has decreased from 280.28 (Mar 24) to 18.46, marking a decrease of 261.82.
- For PBIT / Share (Rs.), as of Mar 25, the value is 15.84. This value is within the healthy range. It has decreased from 255.60 (Mar 24) to 15.84, marking a decrease of 239.76.
- For PBT / Share (Rs.), as of Mar 25, the value is 21.76. This value is within the healthy range. It has decreased from 255.60 (Mar 24) to 21.76, marking a decrease of 233.84.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 17.10. This value is within the healthy range. It has decreased from 195.29 (Mar 24) to 17.10, marking a decrease of 178.19.
- For PBDIT Margin (%), as of Mar 25, the value is 22.43. This value is within the healthy range. It has decreased from 30.46 (Mar 24) to 22.43, marking a decrease of 8.03.
- For PBIT Margin (%), as of Mar 25, the value is 19.25. This value is within the healthy range. It has decreased from 27.78 (Mar 24) to 19.25, marking a decrease of 8.53.
- For PBT Margin (%), as of Mar 25, the value is 26.44. This value is within the healthy range. It has decreased from 27.78 (Mar 24) to 26.44, marking a decrease of 1.34.
- For Net Profit Margin (%), as of Mar 25, the value is 20.77. This value exceeds the healthy maximum of 10. It has decreased from 21.22 (Mar 24) to 20.77, marking a decrease of 0.45.
- For Return on Networth / Equity (%), as of Mar 25, the value is 21.95. This value is within the healthy range. It has decreased from 24.07 (Mar 24) to 21.95, marking a decrease of 2.12.
- For Return on Capital Employeed (%), as of Mar 25, the value is 19.99. This value is within the healthy range. It has decreased from 30.97 (Mar 24) to 19.99, marking a decrease of 10.98.
- For Return On Assets (%), as of Mar 25, the value is 15.99. This value is within the healthy range. It has decreased from 17.53 (Mar 24) to 15.99, marking a decrease of 1.54.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 0.79. It has decreased from 0.84 (Mar 24) to 0.79, marking a decrease of 0.05.
- For Current Ratio (X), as of Mar 25, the value is 2.74. This value is within the healthy range. It has increased from 2.66 (Mar 24) to 2.74, marking an increase of 0.08.
- For Quick Ratio (X), as of Mar 25, the value is 1.71. This value is within the healthy range. It has increased from 1.64 (Mar 24) to 1.71, marking an increase of 0.07.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 1.67. This value is below the healthy minimum of 4. It has decreased from 1.95 (Mar 24) to 1.67, marking a decrease of 0.28.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 79.46. This value exceeds the healthy maximum of 50. It has increased from 76.52 (Mar 24) to 79.46, marking an increase of 2.94.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 68.90. This value exceeds the healthy maximum of 50. It has increased from 67.93 (Mar 24) to 68.90, marking an increase of 0.97.
- For Earning Retention Ratio (%), as of Mar 25, the value is 20.54. This value is below the healthy minimum of 40. It has decreased from 23.48 (Mar 24) to 20.54, marking a decrease of 2.94.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 31.10. This value is below the healthy minimum of 40. It has decreased from 32.07 (Mar 24) to 31.10, marking a decrease of 0.97.
- For Enterprise Value (Cr.), as of Mar 25, the value is 4,437.91. It has decreased from 5,479.92 (Mar 24) to 4,437.91, marking a decrease of 1,042.01.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 3.17. This value exceeds the healthy maximum of 3. It has decreased from 3.86 (Mar 24) to 3.17, marking a decrease of 0.69.
- For EV / EBITDA (X), as of Mar 25, the value is 14.15. This value is within the healthy range. It has increased from 12.66 (Mar 24) to 14.15, marking an increase of 1.49.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 3.19. This value exceeds the healthy maximum of 3. It has decreased from 3.88 (Mar 24) to 3.19, marking a decrease of 0.69.
- For Retention Ratios (%), as of Mar 25, the value is 20.53. This value is below the healthy minimum of 30. It has decreased from 23.47 (Mar 24) to 20.53, marking a decrease of 2.94.
- For Price / BV (X), as of Mar 25, the value is 3.37. This value exceeds the healthy maximum of 3. It has decreased from 4.40 (Mar 24) to 3.37, marking a decrease of 1.03.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 3.19. This value exceeds the healthy maximum of 3. It has decreased from 3.88 (Mar 24) to 3.19, marking a decrease of 0.69.
- For EarningsYield, as of Mar 25, the value is 0.06. This value is below the healthy minimum of 5. It has increased from 0.05 (Mar 24) to 0.06, marking an increase of 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
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Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in VST Industries Ltd:
- Net Profit Margin: 20.77%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 19.99% (Industry Average ROCE: 23.55%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 21.95% (Industry Average ROE: 18.2%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 0
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 1.71
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 20.7 (Industry average Stock P/E: 30.65)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 20.77%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Cigarettes & Tobacco Products | 1-7-1063/1065, Azamabad, Hyderabad Telangana 500020 | corporate@vstind.com; http://www.vsthyd.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Naresh Kumar Sethi | Chairman & Non-Exe.Director |
| Mr. Sanjay Wali | Whole Time Director |
| Mr. S Thirumalai | Non Executive Director |
| Mr. Alok Agarwal | Non Executive Director |
| Ms. Rama Bijapurkar | Ind. Non-Executive Director |
| Mr. Sudip Bandyopadhyay | Ind. Non-Executive Director |
| Mr. Rajeev Bakshi | Ind. Non-Executive Director |
| Mr. Nellaiappan Thiruambalam | Ind. Non-Executive Director |
FAQ
What is the intrinsic value of VST Industries Ltd?
VST Industries Ltd's intrinsic value (as of 27 October 2025) is 221.13 which is 13.96% lower the current market price of 257.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 4,355 Cr. market cap, FY2025-2026 high/low of 373/235, reserves of ₹1,153 Cr, and liabilities of 1,816 Cr.
What is the Market Cap of VST Industries Ltd?
The Market Cap of VST Industries Ltd is 4,355 Cr..
What is the current Stock Price of VST Industries Ltd as on 27 October 2025?
The current stock price of VST Industries Ltd as on 27 October 2025 is 257.
What is the High / Low of VST Industries Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of VST Industries Ltd stocks is 373/235.
What is the Stock P/E of VST Industries Ltd?
The Stock P/E of VST Industries Ltd is 20.7.
What is the Book Value of VST Industries Ltd?
The Book Value of VST Industries Ltd is 77.9.
What is the Dividend Yield of VST Industries Ltd?
The Dividend Yield of VST Industries Ltd is 3.89 %.
What is the ROCE of VST Industries Ltd?
The ROCE of VST Industries Ltd is 20.8 %.
What is the ROE of VST Industries Ltd?
The ROE of VST Industries Ltd is 16.5 %.
What is the Face Value of VST Industries Ltd?
The Face Value of VST Industries Ltd is 10.0.