Share Price and Basic Stock Data

Last Updated: December 3, 2024, 9:06 pm

Market Cap	4,370 Cr.
Current Price	5,047
High / Low	5,200/2,961
Stock P/E	36.5
Book Value	1,129
Dividend Yield	0.40 %
ROCE	17.6 %
ROE	13.5 %
Face Value	10.0
PEG Ratio	8.75

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for VST Tillers Tractors Ltd

Competitors of VST Tillers Tractors Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
VST Tillers Tractors Ltd	4,370 Cr.	5,047	5,200/2,961	36.5	1,129	0.40 %	17.6 %	13.5 %	10.0
HMT Ltd	2,347 Cr.	65.7	105/41.0		50.8	0.00 %	%	%	10.0
Escorts Kubota Ltd	39,364 Cr.	3,517	4,422/2,647	33.9	879	0.51 %	16.1 %	12.0 %	10.0
Industry Average	15,360.33 Cr	2,876.57		35.20	686.27	0.30%	16.85%	12.75%	10.00

All Competitor Stocks of VST Tillers Tractors Ltd

Quarterly Result

Month	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Sales	195	194	233	208	218	236	234	214	323	246	279	170	273
Expenses	187	168	195	178	188	219	202	190	268	214	235	160	234
Operating Profit	8	25	38	30	30	17	32	23	55	32	43	10	40
OPM %	4%	13%	16%	15%	14%	7%	14%	11%	17%	13%	15%	6%	15%
Other Income	14	12	11	5	6	2	8	9	5	18	14	18	10
Interest	0	0	0	0	0	0	0	0	0	1	0	1	1
Depreciation	4	6	6	6	7	6	7	7	7	7	7	7	7
Profit before tax	18	31	43	29	29	13	34	25	53	43	50	20	43
Tax %	26%	23%	25%	27%	24%	21%	33%	22%	24%	23%	27%	17%	18%
Net Profit	13	24	32	21	22	10	23	19	40	33	36	17	35
EPS in Rs	14.97	27.79	37.21	24.36	25.58	11.63	26.32	22.49	46.47	38.19	42.19	19.62	40.65

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 3:18 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	482	624	552	647	675	763	615	544	764	854	1,006	968	912
Expenses	409	505	451	534	574	644	560	514	670	729	878	843	807
Operating Profit	72	119	100	113	101	120	55	30	95	125	128	125	106
OPM %	15%	19%	18%	17%	15%	16%	9%	6%	12%	15%	13%	13%	12%
Other Income	2	9	12	12	29	45	35	11	46	34	25	60	64
Interest	1	2	2	3	3	2	2	2	4	2	2	3	2
Depreciation	3	4	9	13	12	11	16	16	17	25	27	27	27
Profit before tax	70	122	101	110	116	152	72	23	119	132	124	156	141
Tax %	30%	32%	31%	33%	29%	26%	36%	22%	24%	25%	25%	22%
Net Profit	49	83	70	74	83	112	46	18	91	99	92	122	111
EPS in Rs	56.22	96.00	80.47	85.80	95.73	129.61	53.31	20.85	105.08	114.95	106.90	140.64	128.91
Dividend Payout %	16%	16%	19%	17%	16%	39%	28%	72%	19%	17%	23%	14%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	69.39%	-15.66%	5.71%	12.16%	34.94%	-58.93%	-60.87%	405.56%	8.79%	-7.07%	32.61%
Change in YoY Net Profit Growth (%)	0.00%	-85.05%	21.38%	6.45%	22.78%	-93.87%	-1.94%	466.43%	-396.76%	-15.86%	39.68%

VST Tillers Tractors 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:	4%
5 Years:	10%
3 Years:	8%
TTM:	-14%

Compounded Profit Growth
10 Years:	4%
5 Years:	18%
3 Years:	9%
TTM:	-7%

Stock Price CAGR
10 Years:	14%
5 Years:	36%
3 Years:	21%
1 Year:	25%

Return on Equity
10 Years:	14%
5 Years:	12%
3 Years:	13%
Last Year:	14%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 6:37 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	9	9	9	9	9	9	9	9	9	9	9	9	9
Reserves	236	304	355	411	491	588	581	568	659	741	816	915	967
Borrowings	0	0	0	0	0	0	0	0	0	0	2	1	9
Other Liabilities	91	158	109	113	131	189	158	152	218	217	264	242	225
Total Liabilities	336	470	472	533	631	786	748	729	885	966	1,091	1,167	1,209
Fixed Assets	77	124	135	127	147	158	206	206	248	266	261	250	243
CWIP	14	0	2	3	10	57	35	48	25	12	14	5	7
Investments	4	106	95	136	188	204	165	156	312	414	430	484	496
Other Assets	240	239	240	267	286	367	343	318	300	275	385	428	462
Total Assets	336	470	472	533	631	786	748	729	885	966	1,091	1,167	1,209

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	50	131	26	85	86	33	43	72	155	125	36	49
Cash from Investing Activity +	-11	-131	-13	-43	-75	-36	11	-33	-148	-110	-32	9
Cash from Financing Activity +	-26	-11	-17	-34	-3	-17	-54	-33	-2	-19	-19	-24
Net Cash Flow	13	-10	-4	9	9	-19	0	7	6	-4	-14	33

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	72.00	119.00	100.00	113.00	101.00	120.00	55.00	30.00	95.00	125.00	126.00	124.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	74	60	62	70	71	89	57	65	39	29	54	58
Inventory Days	92	77	102	70	58	58	111	100	77	64	56	65
Days Payable	25	60	17	28	30	46	31	57	60	52	68	55
Cash Conversion Cycle	140	77	148	112	100	101	137	108	56	41	42	69
Working Capital Days	102	52	95	89	86	94	124	113	41	27	50	72
ROCE %	31%	45%	30%	29%	24%	26%	14%	6%	20%	19%	16%	18%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	54.77%	54.82%	54.82%	54.82%	55.58%	55.58%	55.58%	55.58%	55.58%	55.58%	55.64%	55.64%
FIIs	5.15%	5.67%	5.54%	5.43%	3.98%	1.26%	1.26%	1.76%	2.07%	2.02%	1.88%	2.79%
DIIs	14.97%	15.20%	15.85%	16.40%	16.39%	19.73%	19.79%	18.97%	17.24%	16.61%	16.87%	17.97%
Public	25.11%	24.30%	23.79%	23.35%	24.03%	23.42%	23.37%	23.69%	25.12%	25.79%	25.62%	23.60%
Others	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%
No. of Shareholders	21,106	22,205	20,682	20,877	21,707	21,604	23,730	23,923	25,456	26,121	26,855	25,190

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Nippon India Small Cap Fund	543,691	0.39	181.12	543,691	2024-11-30	0%
Nippon India Multi Cap Fund	176,392	0.23	58.76	543,691	2024-11-30	-67.56%
Bank of India Mid & Small Cap Equity & Debt Fund	7,000	0.37	2.33	543,691	2024-11-30	-98.71%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23
FaceValue	10.00	10.00
Basic EPS (Rs.)	140.13	106.90
Diluted EPS (Rs.)	140.10	106.90
Cash EPS (Rs.)	171.91	138.09
Book Value[Excl.RevalReserv]/Share (Rs.)	1069.07	954.28
Book Value[Incl.RevalReserv]/Share (Rs.)	1069.07	954.28
Revenue From Operations / Share (Rs.)	1120.49	1164.91
PBDIT / Share (Rs.)	213.86	176.11
PBIT / Share (Rs.)	182.60	144.93
PBT / Share (Rs.)	180.12	143.46
Net Profit / Share (Rs.)	140.65	106.90
NP After MI And SOA / Share (Rs.)	140.13	106.90
PBDIT Margin (%)	19.08	15.11
PBIT Margin (%)	16.29	12.44
PBT Margin (%)	16.07	12.31
Net Profit Margin (%)	12.55	9.17
NP After MI And SOA Margin (%)	12.50	9.17
Return on Networth / Equity (%)	13.10	11.20
Return on Capital Employeed (%)	16.10	14.31
Return On Assets (%)	10.37	8.46
Asset Turnover Ratio (%)	0.85	0.00
Current Ratio (X)	4.60	3.56
Quick Ratio (X)	3.97	3.07
Inventory Turnover Ratio (X)	5.13	0.00
Dividend Payout Ratio (NP) (%)	17.84	18.70
Dividend Payout Ratio (CP) (%)	14.58	14.48
Earning Retention Ratio (%)	82.16	81.30
Cash Earning Retention Ratio (%)	85.42	85.52
Interest Coverage Ratio (X)	85.97	119.62
Interest Coverage Ratio (Post Tax) (X)	57.54	73.61
Enterprise Value (Cr.)	2760.15	1935.36
EV / Net Operating Revenue (X)	2.85	1.92
EV / EBITDA (X)	14.94	12.72
MarketCap / Net Operating Revenue (X)	2.90	1.95
Retention Ratios (%)	82.15	81.29
Price / BV (X)	3.04	2.38
Price / Net Operating Revenue (X)	2.90	1.95
EarningsYield	0.04	0.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of VST Tillers Tractors Ltd as of December 3, 2024 is: 5,585.40

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 December 3, 2024, VST Tillers Tractors Ltd is Undervalued by 10.67% compared to the current share price 5,047.00

Intrinsic Value of VST Tillers Tractors Ltd as of December 3, 2024 is: 5,818.45

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 December 3, 2024, VST Tillers Tractors Ltd is Undervalued by 15.29% compared to the current share price 5,047.00

Last 5 Year EPS CAGR: 4.17%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 23.17%, which is a positive sign. The company has higher reserves (587.08 cr) compared to borrowings (0.92 cr), indicating strong financial stability. The company has shown consistent growth in sales (646.23 cr) and profit (110.62 cr) over the years.	The stock has a high average Working Capital Days of 78.75, which may not be favorable. The stock has a high average Cash Conversion Cycle of 94.25, 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 Tillers Tractors Ltd:
1. Net Profit Margin: 12.55%
  - 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: 16.1% (Industry Average ROCE: 11.23%)
  - 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%: 13.1% (Industry Average ROE: 8.5%)
  - 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): 57.54
  - 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: 3.97
  - 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: 36.5 (Industry average Stock P/E: 23.47)
  - 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 Tillers Tractors Ltd. is a Public Limited Listed company incorporated on 18/12/1967 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L34101KA1967PLC001706 and registration number is 001706. Currently Company is involved in the business activities of Manufacture of general purpose machinery. Company’s Total Operating Revenue is Rs. 853.86 Cr. and Equity Capital is Rs. 8.64 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Auto - Tractors	Plot No.1, Dyavasandra Industrial Layout, Bengaluru Karnataka 560048	vstgen@vsttillers.com http://www.vsttillers.com

Management
Name	Position Held
Mr. Arun V Surendra	Chairman
Mr. V T Ravindra	Managing Director
Mr. V V Pravindra	Non Executive Director
Dr. Nandakumar Jairam	Independent Director
Mr. Rajen Krishnanand Padukone	Independent Director
Mr. M K Bannerjee	Independent Director
Mr. K M Pai	Independent Director
Ms. Siva Kameswari Vissa	Independent Director
Mr. Kula Ajith Kumar Rai	Independent Director

FAQ

What is the latest intrinsic value of VST Tillers Tractors Ltd?

The latest intrinsic value of VST Tillers Tractors Ltd as on 03 December 2024 is ₹5585.40, which is 10.67% higher than the current market price of ₹5,047.00. The stock has a market capitalization of 4,370 Cr. and recorded a high/low of ₹5,200/2,961 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹967 Cr and total liabilities of ₹1,209 Cr.

What is the Market Cap of VST Tillers Tractors Ltd?

The Market Cap of VST Tillers Tractors Ltd is 4,370 Cr..

What is the current Stock Price of VST Tillers Tractors Ltd as on 03 December 2024?

The current stock price of VST Tillers Tractors Ltd as on 03 December 2024 is 5,047.

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

In FY 2024-2025, the High / Low of VST Tillers Tractors Ltd stocks is 5,200/2,961.

What is the Stock P/E of VST Tillers Tractors Ltd?

The Stock P/E of VST Tillers Tractors Ltd is 36.5.

What is the Book Value of VST Tillers Tractors Ltd?

The Book Value of VST Tillers Tractors Ltd is 1,129.

What is the Dividend Yield of VST Tillers Tractors Ltd?

The Dividend Yield of VST Tillers Tractors Ltd is 0.40 %.

What is the ROCE of VST Tillers Tractors Ltd?

The ROCE of VST Tillers Tractors Ltd is 17.6 %.

What is the ROE of VST Tillers Tractors Ltd?

The ROE of VST Tillers Tractors Ltd is 13.5 %.

What is the Face Value of VST Tillers Tractors Ltd?

The Face Value of VST Tillers Tractors Ltd is 10.0.