Nifty

:

25725.40

Sensex

:

83450.96

42.65 (0.17%)
173.81 (0.21%)

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Nifty
Sensex

:
:

25725.40
83450.96

42.65 (0.17%)
173.81 (0.21%)

VST Industries Ltd.

Cigarettes/Tobacco

Rating :

49/99

BSE: 509966 | NSE: VSTIND

Watchlist

NSE BSE

239.65

17-Feb-2026

Open
High
Low
Previous Close

237
242.7
236.36
237.86

Volume
Traded Value (lacs)
52 Week High
52 Week Low

155738
37363436.28
334.65
214.27

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

4,067.32
17.79
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

4,049.44
4.18%
3.06

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

4.70
4.70
2.65

EBITDA CAGR (%)

10 Years
5 Years
3 Years

1.62
-7.43
-6.14

PAT CAGR (%)

10 Years
5 Years
3 Years

6.61
-1.35
-3.88

P:E (Median)

8 Years
5 Years
3 Years

17.27
16.48
16.83

P:BV (Average)

8 Years
5 Years
3 Years

4.97
4.62
4.29

EV:EBITDA (Average)

8 Years
5 Years
3 Years

12.72
12.55
13.55

Earnings Forecasts:

(Updated: 14-02-2026)

Description 2024 2025 2026 2027
Adj EPS 17.1
P/E Ratio 14.01
Revenue 1397.76
EBITDA 265.88
Net Income 290.39
ROA 16.42
P/B Ratio 3.08
ROE 22.55
FCFF 167.08
FCFF Yield 4.5
Net Debt -343.66
BVPS 77.87

Quarterly Results

Standalone Figures in Rs. Crores /

Consolidated

Description Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var%
Net Sales 491.85 470.55 4.53% 450.37 461.04 -2.31% 414.12 423.86 -2.30% 453.98 475.98 -4.62%
Expenses 405.93 402.18 0.93% 371.75 393.43 -5.51% 337.19 350.58 -3.82% 384.44 379.39 1.33%
EBITDA 85.92 68.37 25.67% 78.62 67.61 16.28% 76.93 73.28 4.98% 69.54 96.59 -28.00%
EBIDTM 17.47% 14.53% 17.46% 14.66% 18.58% 17.29% 15.32% 20.29%
Other Income 9.06 7.89 14.83% 11.95 8.01 49.19% 10.81 9.08 19.05% 9.83 29.53 -66.71%
Interest 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Depreciation 13.89 11.12 24.91% 12.16 10.94 11.15% 11.75 10.08 16.57% 12.35 10.91 13.20%
PBT 81.09 165.63 -51.04% 78.41 64.68 21.23% 75.99 72.28 5.13% 67.02 115.21 -41.83%
Tax 20.86 29.37 -28.98% 19.20 17.12 12.15% 19.86 18.70 6.20% 14.02 27.01 -48.09%
PAT 60.23 136.26 -55.80% 59.21 47.56 24.50% 56.13 53.58 4.76% 53.00 88.20 -39.91%
PATM 12.25% 28.96% 13.15% 10.32% 13.55% 12.64% 11.67% 18.53%
EPS 3.55 8.02 -55.74% 3.48 2.80 24.29% 3.30 3.15 4.76% 3.12 5.19 -39.88%

Description Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var%
Net Sales 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Expenses 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBITDA 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBIDTM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Other Income 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Interest 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Depreciation 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PBT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Tax 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PAT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PATM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0

Annual Results

Standalone Figures in Rs. Crores

Right to Left

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Net Sales 1,810.32 1,397.76 1,420.47 1,292.44 1,178.16 1,110.98 1,239.35 1,099.01 947.57 922.38 883.15 Net Sales Growth -1.15% -1.60% 9.91% 9.70% 6.05% -10.36% 12.77% 15.98% 2.73% 4.44% Cost Of Goods Sold 736.84 796.76 754.84 620.96 513.50 478.90 598.55 550.17 470.29 468.36 435.32 Gross Profit 1,073.48 601.00 665.63 671.47 664.66 632.08 640.80 548.84 477.27 454.03 447.83 GP Margin 59.30% 43.00% 46.86% 51.95% 56.42% 56.89% 51.70% 49.94% 50.37% 49.22% 50.71% Total Expenditure 1,499.31 1,118.95 1,067.27 909.75 766.53 700.73 824.70 745.89 653.58 674.64 645.75 Power & Fuel Cost - 8.25 6.97 6.58 7.51 7.61 9.01 8.90 7.29 7.14 5.28 % Of Sales - 0.59% 0.49% 0.51% 0.64% 0.68% 0.73% 0.81% 0.77% 0.77% 0.60% Employee Cost - 138.32 129.96 120.33 116.35 114.83 102.42 92.26 89.20 89.70 80.35 % Of Sales - 9.90% 9.15% 9.31% 9.88% 10.34% 8.26% 8.39% 9.41% 9.72% 9.10% Manufacturing Exp. - 27.89 21.58 22.97 20.84 19.17 9.27 8.00 6.89 5.68 5.70 % Of Sales - 2.00% 1.52% 1.78% 1.77% 1.73% 0.75% 0.73% 0.73% 0.62% 0.65% General & Admin Exp. - 40.74 45.02 42.81 31.88 18.35 19.54 15.35 13.42 30.77 27.69 % Of Sales - 2.91% 3.17% 3.31% 2.71% 1.65% 1.58% 1.40% 1.42% 3.34% 3.14% Selling & Distn. Exp. - 75.25 66.62 54.11 44.33 21.61 33.52 25.00 27.71 35.78 61.06 % Of Sales - 5.38% 4.69% 4.19% 3.76% 1.95% 2.70% 2.27% 2.92% 3.88% 6.91% Miscellaneous Exp. - 31.74 42.27 41.98 32.12 40.25 52.39 46.21 38.77 37.23 61.06 % Of Sales - 2.27% 2.98% 3.25% 2.73% 3.62% 4.23% 4.20% 4.09% 4.04% 3.44% EBITDA 311.01 278.81 353.20 382.69 411.63 410.25 414.65 353.12 293.99 247.74 237.40 EBITDA Margin 17.18% 19.95% 24.87% 29.61% 34.94% 36.93% 33.46% 32.13% 31.03% 26.86% 26.88% Other Income 41.65 34.80 79.60 76.40 46.67 42.12 47.36 38.90 24.62 20.08 20.20 Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Depreciation 50.15 44.49 38.11 30.20 30.10 35.07 41.76 41.35 39.16 36.92 31.02 PBT 302.51 269.12 394.69 428.89 428.21 417.30 420.25 350.67 279.45 230.90 226.58 Tax 73.94 79.21 93.13 101.91 107.98 106.51 116.16 123.83 97.56 79.37 73.47 Tax Rate 24.44% 21.43% 23.60% 23.76% 25.22% 25.52% 27.64% 35.31% 34.91% 34.37% 32.43% PAT 228.57 290.39 301.57 326.98 320.23 310.79 304.09 226.84 181.89 151.53 153.11 PAT before Minority Interest 228.57 290.39 301.57 326.98 320.23 310.79 304.09 226.84 181.89 151.53 153.11 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 12.63% 20.78% 21.23% 25.30% 27.18% 27.97% 24.54% 20.64% 19.20% 16.43% 17.34% PAT Growth -29.80% -3.71% -7.77% 2.11% 3.04% 2.20% 34.05% 24.71% 20.04% -1.03% EPS 13.45 17.09 17.75 19.25 18.85 18.29 17.90 13.35 10.71 8.92 9.01

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Shareholder's Funds 1,322.69 1,252.41 1,179.70 1,074.30 940.44 787.09 664.03 582.09 538.97 370.43 Share Capital 169.86 15.44 15.44 15.44 15.44 15.44 15.44 15.44 15.44 15.44 Total Reserves 1,151.10 1,233.67 1,161.83 1,057.86 925.00 771.64 648.59 566.65 523.53 354.99 Non-Current Liabilities 5.31 6.60 3.69 1.36 -3.17 -6.55 -12.52 -10.66 -12.09 -11.49 Secured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 23.45 21.64 21.53 22.96 22.08 19.85 18.50 14.15 10.91 9.28 Current Liabilities 469.86 446.03 452.43 493.37 523.27 590.10 522.39 467.89 247.77 447.36 Trade Payables 127.12 118.30 96.81 103.41 109.75 142.83 83.01 58.09 55.99 64.56 Other Current Liabilities 327.37 307.75 335.21 373.92 395.48 427.51 424.28 409.80 191.78 252.63 Short Term Borrowings 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Short Term Provisions 15.38 19.98 20.41 16.05 18.04 19.76 15.10 0.00 0.00 130.18 Total Liabilities 1,797.86 1,705.04 1,635.82 1,569.03 1,460.54 1,370.64 1,173.90 1,039.32 774.65 806.30 Net Block 306.89 268.28 590.24 194.97 172.76 187.10 213.41 195.07 220.01 174.01 Gross Block 624.88 545.26 841.75 416.32 364.44 344.41 329.66 270.09 256.78 441.99 Accumulated Depreciation 317.99 276.98 251.50 221.35 191.67 157.31 116.25 75.02 36.77 267.98 Non Current Assets 509.69 516.84 803.85 427.00 209.81 206.88 217.24 234.47 226.76 222.10 Capital Work in Progress 1.32 46.96 0.25 10.44 33.25 12.65 0.30 34.22 0.82 40.68 Non Current Investment 199.46 200.11 201.72 203.05 2.70 1.79 2.26 2.03 1.77 2.26 Long Term Loans & Adv. 2.02 1.49 11.64 18.53 1.09 5.32 1.25 3.13 4.15 5.15 Other Non Current Assets 0.00 0.00 0.00 0.00 0.02 0.02 0.02 0.02 0.02 0.01 Current Assets 939.44 839.47 831.97 1,142.03 1,250.73 1,163.75 956.67 804.85 547.88 584.21 Current Investments 332.45 247.02 375.64 767.61 884.43 751.20 573.06 414.10 171.82 159.96 Inventories 484.58 454.99 349.33 295.63 297.18 297.74 281.85 252.87 329.31 377.04 Sundry Debtors 64.06 46.40 43.18 33.30 15.21 15.37 14.32 27.33 12.04 12.38 Cash & Bank 17.55 35.16 19.74 15.41 20.83 37.45 36.86 37.59 19.94 21.23 Other Current Assets 40.81 7.64 7.30 7.18 33.08 62.00 50.58 72.97 14.77 13.60 Short Term Loans & Adv. 33.48 48.28 36.79 22.90 27.63 57.82 46.94 70.51 12.52 10.78 Net Current Assets 469.58 393.44 379.54 648.66 727.46 573.66 434.28 336.96 300.12 136.85 Total Assets 1,449.13 1,356.31 1,635.82 1,569.03 1,460.54 1,370.63 1,173.91 1,039.32 774.64 806.31

Description Mar 06 Mar 05
Shareholder's Funds 194.00 171.81 Share Capital 15.44 15.44 Total Reserves 178.56 156.37 Non-Current Liabilities -4.14 -2.01 Secured Loans 0.00 0.00 Unsecured Loans 0.00 0.00 Long Term Provisions 0.00 0.00 Current Liabilities 146.65 135.36 Trade Payables 109.88 99.05 Other Current Liabilities 14.76 14.26 Short Term Borrowings 0.00 0.00 Short Term Provisions 22.01 22.05 Total Liabilities 336.51 305.16 Net Block 89.69 74.72 Gross Block 178.44 154.57 Accumulated Depreciation 88.75 79.85 Non Current Assets 251.85 194.46 Capital Work in Progress 0.96 0.75 Non Current Investment 161.21 118.98 Long Term Loans & Adv. 0.00 0.00 Other Non Current Assets 0.00 0.00 Current Assets 84.66 110.70 Current Investments 0.00 0.00 Inventories 49.47 54.18 Sundry Debtors 4.03 6.68 Cash & Bank 14.95 30.72 Other Current Assets 16.22 0.55 Short Term Loans & Adv. 16.04 18.57 Net Current Assets -61.99 -24.66 Total Assets 336.51 305.16

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Cash From Operating Activity 193.47 167.02 181.46 277.22 286.17 331.45 290.16 420.12 145.69 132.12 PBT 369.61 394.69 428.89 428.21 417.30 420.25 350.67 279.45 230.90 226.58 Adjustment -83.36 -37.53 -42.46 -14.21 -5.60 -3.97 5.09 15.62 17.74 11.77 Changes in Working Capital -5.44 -99.26 -111.06 -30.70 -18.08 20.58 63.06 226.07 -24.58 -41.15 Cash after chg. in Working capital 280.81 257.90 275.37 383.30 393.62 436.86 418.83 521.15 224.06 197.20 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -87.34 -90.89 -93.91 -106.08 -107.45 -105.41 -128.66 -101.02 -78.37 -65.08 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity 9.79 79.32 46.72 -95.75 -143.98 -154.76 -148.02 -264.13 -17.76 -23.95 Net Fixed Assets -33.98 249.78 -415.24 -29.07 -40.63 -27.10 -25.65 -46.71 225.07 -45.90 Net Investments -84.78 130.23 393.30 -83.53 -134.14 -177.67 -159.19 -242.54 -11.37 9.04 Others 128.55 -300.69 68.66 16.85 30.79 50.01 36.82 25.12 -231.46 12.91 Cash from Financing Activity -221.31 -230.77 -223.54 -186.65 -159.05 -176.85 -144.27 -139.39 -130.10 -130.10 Net Cash Inflow / Outflow -18.05 15.57 4.63 -5.18 -16.85 -0.17 -2.14 16.60 -2.17 -21.92 Opening Cash & Equivalents 24.39 8.82 4.19 9.37 26.22 26.39 28.52 11.92 14.10 36.02 Closing Cash & Equivalent 6.34 24.39 8.82 4.19 9.37 26.22 26.39 28.52 11.92 14.10

Description Mar 08 Mar 06 Mar 05
Cash From Operating Activity 68.28 67.80 68.38 PBT 86.25 114.56 93.87 Adjustment -0.39 -9.13 -0.96 Changes in Working Capital 15.67 18.95 26.82 Cash after chg. in Working capital 101.53 124.38 119.73 Interest Paid 0.00 3.08 0.81 Tax Paid -32.23 -28.47 -52.15 Other Direct Exp. Paid 0.00 0.00 0.00 Extra & Other Items -1.03 -31.20 0.00 Cash From Investing Activity -61.29 -61.52 -43.02 Net Fixed Assets -55.77 -24.08 Net Investments -59.00 -42.23 Others 53.48 4.79 Cash from Financing Activity -36.82 -22.05 -16.46 Net Cash Inflow / Outflow -29.83 -15.78 8.91 Opening Cash & Equivalents 34.47 30.72 21.81 Closing Cash & Equivalent 4.64 14.95 30.72

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Book Value (Rs.) 77.77 73.54 69.31 695.06 609.02 509.71 430.02 376.96 349.03 238.17 ROA 16.58% 18.05% 20.41% 21.14% 21.96% 23.90% 20.50% 20.05% 19.17% 18.92% ROE 22.60% 24.86% 29.06% 31.80% 35.98% 41.91% 36.41% 32.45% 33.42% 43.02% ROCE 28.71% 32.46% 38.06% 42.51% 48.31% 57.92% 56.28% 49.86% 50.93% 63.66% Fixed Asset Turnover 3.09 2.65 2.66 4.00 4.16 4.07 3.95 5.16 6.47 4.70 Receivable days 11.14 8.90 8.35 5.67 3.79 3.95 6.42 5.29 1.97 2.15 Inventory Days 94.77 79.88 70.38 69.32 73.71 77.18 82.41 78.20 57.01 65.74 Payable days 56.21 52.01 58.84 75.76 96.26 51.51 34.96 32.53 34.37 41.59 Cash Conversion Cycle 49.69 36.77 19.88 -0.76 -18.75 29.63 53.88 50.96 24.61 26.30 Total Debt/Equity 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Interest Cover 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Description Mar 10 Mar 09 Mar 08 Mar 07 Mar 06 Mar 05 Mar 04 Mar 03 Mar 02
Book Value (Rs.) 159.50 154.33 149.33 134.86 122.46 107.96 86.81 74.76 56.79 ROA 11.92% 13.12% 13.87% 15.32% 14.00% 19.53% 11.65% 17.21% 18.46% ROE 25.59% 26.41% 26.65% 27.98% 24.95% 36.40% 23.34% 36.75% 40.63% ROCE 35.30% 36.95% 39.37% 43.09% 48.07% 61.60% 50.77% 59.50% 62.94% Fixed Asset Turnover 4.30 4.16 3.62 3.89 4.52 4.99 5.30 6.55 7.28 Receivable days 3.15 1.67 2.26 2.34 2.60 2.78 3.24 3.11 2.28 Inventory Days 50.81 38.21 31.63 27.03 25.11 28.29 32.08 30.81 30.17 Payable days 155.13 198.60 215.66 195.79 183.21 150.39 140.07 137.61 117.76 Cash Conversion Cycle -101.17 -158.72 -181.76 -166.42 -155.50 -119.32 -104.75 -103.70 -85.32 Total Debt/Equity 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.10 0.21 Interest Cover 3132.83 673.09 672.24 926.58 1042.96 154.89 51.12 26.78 7.27

Top Investors:

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Annual Reports:

News Update:

VST Industries - Quarterly Results
30th Jan 2026, 00:00 AM

Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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