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Last Updated: April 2, 2026, 3:53 am
Author: Getaka|Social: XLinkedIn

VST Tillers Tractors Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹3,194.37Overvalued by 35.30%vs CMP ₹4,937.00

P/E (34.0) × ROE (9.5%) × BV (₹1,226.00) × DY (0.41%)

₹1,938.01Overvalued by 60.75%vs CMP ₹4,937.00
MoS: -154.7% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹3,348.1322%Over (-32.2%)
Graham NumberEarnings₹2,002.7816%Over (-59.4%)
Earnings PowerEarnings₹944.6913%Over (-80.9%)
DCFCash Flow₹1,955.7913%Over (-60.4%)
Net Asset ValueAssets₹1,225.007%Over (-75.2%)
EV/EBITDAEnterprise₹1,569.399%Over (-68.2%)
Earnings YieldEarnings₹1,454.107%Over (-70.5%)
ROCE CapitalReturns₹1,463.577%Over (-70.4%)
Revenue MultipleRevenue₹1,149.895%Over (-76.7%)
Consensus (9 models)₹1,938.01100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 4.8%

*Investments are subject to market risks

Investment Snapshot

63
VST Tillers Tractors Ltd scores 63/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health72/100 · Strong
ROCE 12.5% GoodROE 9.5% AverageD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 55.6% Stable
Earnings Quality50/100 · Moderate
OPM stable around 12% Steady
Quarterly Momentum88/100 · Strong
Revenue (4Q): +25% YoY AcceleratingProfit (4Q): +20% YoY PositiveOPM: 13.0% (up 4.0% YoY) Margin expansion
Industry Rank45/100 · Moderate
P/E 34.0 vs industry 29.2 In-lineROCE 12.5% vs industry 13.1% Average3Y sales CAGR: 5% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:53 am

Market Cap 4,272 Cr.
Current Price 4,937
Intrinsic Value₹1,938.01
High / Low 6,374/2,875
Stock P/E34.0
Book Value 1,226
Dividend Yield0.41 %
ROCE12.5 %
ROE9.54 %
Face Value 10.0
PEG Ratio7.06

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

View Share Price Target for VST Tillers Tractors Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
VST Tillers Tractors Ltd 4,272 Cr. 4,937 6,374/2,87534.0 1,2260.41 %12.5 %9.54 % 10.0
HMT Ltd 2,134 Cr. 60.0 75.5/41.0 55.30.00 %%% 10.0
Escorts Kubota Ltd 31,630 Cr. 2,827 4,180/2,73024.3 1,0620.99 %13.6 %12.8 % 10.0
Industry Average12,678.67 Cr2,608.0029.15781.100.47%13.05%11.17%10.00

All Competitor Stocks of VST Tillers Tractors Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 214323246279170273191283219301282315314
Expenses 190268214235160234177246200261245274274
Operating Profit 23553243104013382040384141
OPM % 11%17%13%15%6%15%7%13%9%13%13%13%13%
Other Income 95181418102127-9-12637
Interest 0010111100011
Depreciation 7777776666666
Profit before tax 2553435020432858433573741
Tax % 22%24%23%27%17%18%18%22%56%23%21%30%25%
Net Profit 1940333617352345225452531
EPS in Rs 22.4946.4738.1942.1919.6240.6526.4552.011.9728.9051.5529.4235.54

Last Updated: March 3, 2026, 1:58 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 8:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 6245526476757636155447648541,0069689951,213
Expenses 5054515345746445605146707298788438831,054
Operating Profit 119100113101120553095125128125111159
OPM % 19%18%17%15%16%9%6%12%15%13%13%11%13%
Other Income 9121229453511463425603835
Interest 2233222422322
Depreciation 491312111616172527272526
Profit before tax 1221011101161527223119132124156122167
Tax % 32%31%33%29%26%36%22%24%25%25%22%23%
Net Profit 83707483112461891999212294126
EPS in Rs 96.0080.4785.8095.73129.6153.3120.85105.08114.95106.90140.64109.29145.41
Dividend Payout % 16%19%17%16%39%28%72%19%17%23%14%18%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-15.66%5.71%12.16%34.94%-58.93%-60.87%405.56%8.79%-7.07%32.61%-22.95%
Change in YoY Net Profit Growth (%)0.00%21.38%6.45%22.78%-93.87%-1.94%466.43%-396.76%-15.86%39.68%-55.56%

VST Tillers Tractors 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:6%
5 Years:13%
3 Years:5%
TTM:19%
Compounded Profit Growth
10 Years:3%
5 Years:30%
3 Years:-2%
TTM:4%
Stock Price CAGR
10 Years:14%
5 Years:24%
3 Years:28%
1 Year:23%
Return on Equity
10 Years:13%
5 Years:12%
3 Years:11%
Last Year:10%

Last Updated: September 5, 2025, 1:50 pm

Balance Sheet

Last Updated: February 1, 2026, 4:06 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 9999999999999
Reserves 3043554114915885815686597418169159951,051
Borrowings 0000000002122
Other Liabilities 158109113131189158152218217264242261284
Total Liabilities 4704725336317867487298859661,0911,1671,2671,345
Fixed Assets 124135127147158206206248266261250240234
CWIP 0231057354825121451018
Investments 10695136188204165156312414430484525638
Other Assets 239240267286367343318300275385428492455
Total Assets 4704725336317867487298859661,0911,1671,2671,345

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 131268586334372155125364977
Cash from Investing Activity + -131-13-43-75-3611-33-148-110-329-29
Cash from Financing Activity + -11-17-34-3-17-54-33-2-19-19-24-20
Net Cash Flow -10-499-19076-4-143328
Free Cash Flow 94-47754-34-23812796124156
CFO/OP 144%57%110%122%57%141%274%191%128%52%63%88%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow119.00100.00113.00101.00120.0055.0030.0095.00125.00126.00124.00109.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 606270718957653929545875
Inventory Days 771027058581111007764566554
Days Payable 601728304631576052685553
Cash Conversion Cycle 771481121001011371085641426976
Working Capital Days 52958986941241134127507276
ROCE %45%30%29%24%26%14%6%20%19%16%18%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 55.58%55.58%55.58%55.58%55.64%55.64%55.64%55.64%55.64%55.61%55.61%55.61%
FIIs 1.26%1.76%2.07%2.02%1.88%2.79%2.90%2.67%2.47%1.40%1.76%1.61%
DIIs 19.79%18.97%17.24%16.61%16.87%17.97%19.10%20.47%20.72%21.72%21.41%20.59%
Public 23.37%23.69%25.12%25.79%25.62%23.60%22.37%21.22%21.18%21.26%21.23%22.19%
Others 0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
No. of Shareholders 23,73023,92325,45626,12126,85525,19024,06623,32124,10420,24321,23722,694

Shareholding Pattern Chart

No. of Shareholders

VST Tillers Tractors Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund 501,622 0.43 289.74531,7552025-12-15 03:04:08-5.67%
Kotak Small Cap Fund 450,309 1.54 260.1N/AN/AN/A
Kotak Infrastructure & Economic Reform Fund 130,659 3.23 75.47N/AN/AN/A
Kotak Aggressive Hybrid Fund 54,014 0.36 31.2N/AN/AN/A
Nippon India Multi Cap Fund 19,451 0.02 11.23100,0042026-03-23 02:19:10-80.55%
Kotak Debt Hybrid Fund 20,284 0.34 10.15N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23
FaceValue 10.0010.0010.00
Basic EPS (Rs.) 107.60140.13106.90
Diluted EPS (Rs.) 107.43140.10106.90
Cash EPS (Rs.) 138.76171.91138.09
Book Value[Excl.RevalReserv]/Share (Rs.) 1159.101069.07954.28
Book Value[Incl.RevalReserv]/Share (Rs.) 1159.101069.07954.28
Revenue From Operations / Share (Rs.) 1150.651120.491164.91
PBDIT / Share (Rs.) 172.84213.86176.11
PBIT / Share (Rs.) 143.36182.60144.93
PBT / Share (Rs.) 141.09180.12143.46
Net Profit / Share (Rs.) 109.28140.65106.90
NP After MI And SOA / Share (Rs.) 107.56140.13106.90
PBDIT Margin (%) 15.0219.0815.11
PBIT Margin (%) 12.4516.2912.44
PBT Margin (%) 12.2616.0712.31
Net Profit Margin (%) 9.4912.559.17
NP After MI And SOA Margin (%) 9.3412.509.17
Return on Networth / Equity (%) 9.2713.1011.20
Return on Capital Employeed (%) 11.6616.1014.31
Return On Assets (%) 7.3410.378.46
Asset Turnover Ratio (%) 0.810.850.00
Current Ratio (X) 4.774.603.56
Quick Ratio (X) 4.273.973.07
Inventory Turnover Ratio (X) 9.105.130.00
Dividend Payout Ratio (NP) (%) 18.5817.8418.70
Dividend Payout Ratio (CP) (%) 14.5814.5814.48
Earning Retention Ratio (%) 81.4282.1681.30
Cash Earning Retention Ratio (%) 85.4285.4285.52
Interest Coverage Ratio (X) 76.1685.97119.62
Interest Coverage Ratio (Post Tax) (X) 49.1557.5473.61
Enterprise Value (Cr.) 3277.762760.151935.36
EV / Net Operating Revenue (X) 3.302.851.92
EV / EBITDA (X) 21.9414.9412.72
MarketCap / Net Operating Revenue (X) 3.372.901.95
Retention Ratios (%) 81.4182.1581.29
Price / BV (X) 3.353.042.38
Price / Net Operating Revenue (X) 3.372.901.95
EarningsYield 0.020.040.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 ploughs, manure spreaders, seeders, harrows and similar agricultural machinery for soil preparation, planting or fertilizing, harvesting or threshing machinery. Company's Total Operating Revenue is Rs. 994.55 Cr. and Equity Capital is Rs. 8.64 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Auto - TractorsPlot No.1, Dyavasandra Industrial Layout, Bengaluru Karnataka 560048Contact not found
Management
NamePosition Held
Mr. Arun V SurendraChairman
Mr. V T RavindraManaging Director
Mr. V V PravindraNon Executive Director
Dr. Nandakumar JairamIndependent Director
Mr. Rajen Krishnanand PadukoneIndependent Director
Mrs. Siva Kameswari VissaIndependent Director
Mr. Kula Ajith Kumar RaiIndependent Director

FAQ

What is the intrinsic value of VST Tillers Tractors Ltd and is it undervalued?

As of 17 April 2026, VST Tillers Tractors Ltd's intrinsic value is ₹1938.01, which is 60.75% lower than the current market price of ₹4,937.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (9.54 %), book value (₹1,226), dividend yield (0.41 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of VST Tillers Tractors Ltd?

VST Tillers Tractors Ltd is trading at ₹4,937.00 as of 17 April 2026, with a FY2026-2027 high of ₹6,374 and low of ₹2,875. The stock is currently in the middle of its 52-week range. Market cap stands at ₹4,272 Cr..

How does VST Tillers Tractors Ltd's P/E ratio compare to its industry?

VST Tillers Tractors Ltd has a P/E ratio of 34.0, which is above the industry average of 29.15. The premium over industry average may reflect growth expectations or speculative interest.

Is VST Tillers Tractors Ltd financially healthy?

Key indicators for VST Tillers Tractors Ltd: ROCE of 12.5 % is moderate. Dividend yield is 0.41 %.

Is VST Tillers Tractors Ltd profitable and how is the profit trend?

VST Tillers Tractors Ltd reported a net profit of ₹94 Cr in Mar 2025 on revenue of ₹995 Cr. Compared to ₹99 Cr in Mar 2022, the net profit shows a declining trend.

Does VST Tillers Tractors Ltd pay dividends?

VST Tillers Tractors Ltd has a dividend yield of 0.41 % at the current price of ₹4,937.00. The company pays dividends, though the yield is modest.

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 Tillers Tractors 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
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