Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 18 February, 2025
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 509966 | NSE: VSTIND

VST Industries Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: February 17, 2025, 10:06 pm

Market Cap 4,925 Cr.
Current Price 290
High / Low 487/287
Stock P/E20.2
Book Value 66.7
Dividend Yield4.70 %
ROCE32.2 %
ROE24.6 %
Face Value 10.0
PEG Ratio-7.55

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for VST Industries Ltd

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 4,925 Cr. 290 487/28720.2 66.74.70 %32.2 %24.6 % 10.0
Godfrey Phillips India Ltd 36,593 Cr. 7,038 8,480/2,60634.9 9060.80 %22.2 %19.0 % 2.00
Industry Average20,759.00 Cr3,664.0027.55486.352.75%27.20%21.80%6.00

All Competitor Stocks of VST Industries Ltd

Quarterly Result

MetricJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales 275272329303301344346302333350363375321
Expenses 183167220196188251251220228271290278248
Operating Profit 9210410910611393958210579729773
OPM % 33%38%33%35%38%27%27%27%32%23%20%26%23%
Other Income 91010171133161612299309
Interest 0000000000000
Depreciation 6789777889101110
Profit before tax 9510711111511711910390109997111572
Tax % 26%26%25%24%26%22%24%23%23%23%24%23%26%
Net Profit 70808387879279698476548854
EPS in Rs 45.6251.7353.5756.4656.4359.6851.1544.4954.2049.1834.7957.1234.70

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 3:15 pm

MetricMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales 6697898368839229481,0991,2391,1111,1781,2921,4201,409
Expenses 4885715946466756547468257007679101,0671,087
Operating Profit 180218243237248294353415411412383353321
OPM % 27%28%29%27%27%31%32%33%37%35%30%25%23%
Other Income 26321820202539474247768077
Interest 0000000000000
Depreciation 22273231373941423530303840
Profit before tax 184224229227231279351420417428429395358
Tax % 31%33%33%32%34%35%35%28%26%25%24%24%
Net Profit 126150152153152182227304311320327302271
EPS in Rs 7.438.848.969.018.9210.7113.3517.9018.2918.8519.2517.7515.97
Dividend Payout % 76%72%71%71%76%66%65%52%57%68%71%77%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)19.05%1.33%0.66%-0.65%19.74%24.73%33.92%2.30%2.89%2.19%-7.65%
Change in YoY Net Profit Growth (%)0.00%-17.71%-0.68%-1.31%20.39%4.99%9.20%-31.62%0.59%-0.71%-9.83%

VST Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:5%
3 Years:9%
TTM:6%
Compounded Profit Growth
10 Years:7%
5 Years:6%
3 Years:-1%
TTM:-14%
Stock Price CAGR
10 Years:6%
5 Years:-6%
3 Years:2%
1 Year:-14%
Return on Equity
10 Years:33%
5 Years:32%
3 Years:28%
Last Year:25%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 6:34 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital 151515151515151515151515170
Reserves 2893133313555245676497729251,0591,1641,237963
Borrowings 0000000000000
Other Liabilities 439427479457259482541610545516474468545
Total Liabilities 7447558268277981,0641,2051,3971,4861,5911,6541,7201,678
Fixed Assets 175209198174220195213187173195590268304
CWIP 0004113401333100478
Investments 199181171162174416575753887971577447280
Other Assets 3703654574504034194164443934154869581,086
Total Assets 7447558268277981,0641,2051,3971,4861,5911,6541,7201,678

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +118130118132146420290331286277181167
Cash from Investing Activity +9-183-24-18-264-148-155-144-964779
Cash from Financing Activity +-117-113-126-130-130-139-144-177-159-187-224-231
Net Cash Flow10-1-6-22-217-2-0-17-5516

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow180.00218.00243.00237.00248.00294.00353.00415.00411.00412.00383.00353.00

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.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days13455511555101212
Inventory Days288255336316257196187182226210205220
Days Payable624871544445558784745757
Cash Conversion Cycle23921127026721816213799148147161175
Working Capital Days-74-54-32-1843-44-58-63-58-42-4118
ROCE %58%69%65%58%51%50%56%58%48%42%38%32%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters32.16%32.16%32.16%32.16%32.16%32.16%32.16%32.16%32.16%32.16%32.16%32.16%
FIIs1.81%1.75%1.84%1.69%1.86%1.64%1.55%1.40%1.39%1.37%1.83%1.82%
DIIs16.28%16.59%16.62%16.64%16.62%16.87%17.24%17.54%17.52%15.69%12.64%9.07%
Public49.55%49.29%49.01%49.14%49.00%48.96%48.69%48.53%48.57%50.42%53.00%56.77%
Others0.20%0.20%0.37%0.37%0.37%0.37%0.37%0.37%0.37%0.37%0.37%0.19%
No. of Shareholders33,36133,44133,28932,98832,58832,00231,25830,43131,07332,86834,3551,05,832

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Mid-Cap Opportunities Fund - Regular Plan850,0000.52289.5751,4882025-02-171550.87%
Axis Small Cap Fund172,4920.3363.8451,4882025-02-17235.01%
Parag Parikh ELSS Tax Saver Fund106,8691.4339.5551,4882025-02-17107.56%
HDFC Childrens Gift Fund - Regular Plan51,4880.2117.5451,4882025-02-170%
Nippon India Consumption Fund31,5001.7311.6651,4882025-02-17-38.82%
Nippon India Consumption Fund31,5001.7311.6651,4882025-02-17-38.82%
Samco ELSS Tax Saver Fund1,5000.630.5151,4882025-02-17-97.09%
ICICI Prudential S&P BSE 500 ETF690.010.0251,4882025-02-17-99.87%
HDFC S&P BSE 500 ETF30.02051,4882025-02-17-99.99%
HDFC S&P BSE 500 Index Fund130.01051,4882025-02-17-99.97%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 195.29211.75207.38201.27196.93
Diluted EPS (Rs.) 195.29211.75207.38201.27196.93
Cash EPS (Rs.) 219.97231.31226.87223.98223.97
Book Value[Excl.RevalReserv]/Share (Rs.) 811.05763.96695.70609.02509.71
Book Value[Incl.RevalReserv]/Share (Rs.) 811.05763.96695.70609.02509.71
Dividend / Share (Rs.) 150.00150.00140.00114.00103.00
Revenue From Operations / Share (Rs.) 919.88836.97762.97719.46802.59
PBDIT / Share (Rs.) 280.28297.30296.80292.95299.19
PBIT / Share (Rs.) 255.60277.74277.30270.24272.15
PBT / Share (Rs.) 255.60277.74277.30270.24272.15
Net Profit / Share (Rs.) 195.29211.75207.38201.27196.93
PBDIT Margin (%) 30.4635.5238.9040.7137.27
PBIT Margin (%) 27.7833.1836.3437.5633.90
PBT Margin (%) 27.7833.1836.3437.5633.90
Net Profit Margin (%) 21.2225.2927.1827.9724.53
Return on Networth / Equity (%) 24.0727.7129.8033.0438.63
Return on Capital Employeed (%) 30.9735.7039.0243.3552.07
Return On Assets (%) 17.5319.7720.1320.9121.76
Asset Turnover Ratio (%) 0.840.790.760.770.95
Current Ratio (X) 2.661.842.312.391.97
Quick Ratio (X) 1.641.071.721.821.47
Inventory Turnover Ratio (X) 1.951.901.741.602.07
Dividend Payout Ratio (NP) (%) 76.5265.8754.9551.1748.24
Dividend Payout Ratio (CP) (%) 67.9360.3050.2345.9842.41
Earning Retention Ratio (%) 23.4834.1345.0548.8351.76
Cash Earning Retention Ratio (%) 32.0739.7049.7754.0257.59
Enterprise Value (Cr.) 5479.924835.274715.835215.284258.33
EV / Net Operating Revenue (X) 3.863.744.004.693.44
EV / EBITDA (X) 12.6610.5310.2911.539.22
MarketCap / Net Operating Revenue (X) 3.883.764.024.713.47
Retention Ratios (%) 23.4734.1245.0448.8251.75
Price / BV (X) 4.404.124.405.575.46
Price / Net Operating Revenue (X) 3.883.764.024.713.47
EarningsYield 0.050.060.060.050.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of VST Industries Ltd as of February 18, 2025 is: ₹277.62

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of February 18, 2025, VST Industries Ltd is Overvalued by 4.27% compared to the current share price ₹290.00

Intrinsic Value of VST Industries Ltd as of February 18, 2025 is: 270.19

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of February 18, 2025, VST Industries Ltd is Overvalued by 6.83% compared to the current share price ₹290.00

Last 5 Year EPS CAGR: -2.68%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 52.08%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -23.83, which is a positive sign.
  3. The company has higher reserves (703.69 cr) compared to borrowings (0.00 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (388.77 cr) and profit (320.92 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 186.17, which may not be favorable.

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:
    1. Net Profit Margin: 21.22%
      • 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.
    2. ROCE: 30.97% (Industry Average ROCE: 27.2%)
      • 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.
    3. ROE%: 24.07% (Industry Average ROE: 21.8%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. 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.
    5. Quick Ratio: 1.64
      • 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.
    6. Stock P/E: 20.2 (Industry average Stock P/E: 27.55)
      • 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.
    7. 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.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

VST Industries Ltd. is a Public Limited Listed company incorporated on 10/11/1930 and has its registered office in the State of Telangana, India. Company's Corporate Identification Number(CIN) is L29150TG1930PLC000576 and registration number is 000576. Currently Company is involved in the business activities of Manufacture of cigarettes, cigarette tobacco. Company's Total Operating Revenue is Rs. 1420.47 Cr. and Equity Capital is Rs. 15.44 Cr. for the Year ended 31/03/2024.
INDUSTRYADDRESSCONTACT
Cigarettes & Tobacco Products1-7-1063/1065, Azamabad, Hyderabad Telangana 500020corporate@vstind.com;
http://www.vsthyd.com
Management
NamePosition Held
Mr. Naresh Kumar SethiChairman
Mr. Aditya Deb GooptuManaging Director & CEO
Mr. S ThirumalaiNon Executive Director
Ms. Rama BijapurkarInd. Non-Executive Director
Mr. Sudip BandyopadhyayInd. Non-Executive Director
Mr. Rajiv GulatiInd. Non-Executive Director

FAQ

What is VST Industries Ltd's true worth and is it a good investment?

Let's break down VST Industries Ltd's valuation simply:

We calculate intrinsic value using the PE Ratio Method - comparing the company's current price-to-earnings ratio with its historical average and industry peers. Think of it like checking if a stock is "on sale" compared to its typical pricing.

As of 17 February 2025:

  • Calculated Fair Value: ₹277.62
  • Current Market Price: ₹290.00
  • Variance: 4.27% lower

This suggests VST Industries Ltd is currently overvalued by 4.27%. For context:

  • Market Cap: 4,925 Cr.
  • 52-Week Range: 487/287
  • Reserves (Sep 2024): ₹963 Cr
  • Liabilities: 1,678 Cr

Remember: The PE method gives a snapshot based on earnings multiples. While useful for quick comparisons, investors should also consider growth prospects, industry trends, and economic conditions. This calculation assumes historical PE ratios remain relevant - always verify with current market dynamics.

What is the Market Cap of VST Industries Ltd?

The Market Cap of VST Industries Ltd is 4,925 Cr..

What is the current Stock Price of VST Industries Ltd as on 17 February 2025?

The current stock price of VST Industries Ltd as on 17 February 2025 is ₹290.

What is the High / Low of VST Industries Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of VST Industries Ltd stocks is 487/287.

What is the Stock P/E of VST Industries Ltd?

The Stock P/E of VST Industries Ltd is 20.2.

What is the Book Value of VST Industries Ltd?

The Book Value of VST Industries Ltd is 66.7.

What is the Dividend Yield of VST Industries Ltd?

The Dividend Yield of VST Industries Ltd is 4.70 %.

What is the ROCE of VST Industries Ltd?

The ROCE of VST Industries Ltd is 32.2 %.

What is the ROE of VST Industries Ltd?

The ROE of VST Industries Ltd is 24.6 %.

What is the Face Value of VST Industries Ltd?

The Face Value of VST Industries Ltd is 10.0.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in VST Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE