Nifty

:

24206.90

Sensex

:

77569.39

244.10 (1.02%)
827.57 (1.08%)

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Nifty
Sensex

:
:

24206.90
77569.39

244.10 (1.02%)
827.57 (1.08%)

VST Industries Ltd.

Cigarettes/Tobacco

Rating :

54/99

BSE: 509966 | NSE: VSTIND

Watchlist

NSE BSE

248.60

10-Jul-2026

Open
High
Low
Previous Close

249.65
250.6
246.05
264.90

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

848356
210864797.45
303.3
200

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

4,222.75
14.45
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

4,188.11
4.83%
2.92

Chart

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

Revenue CAGR (%)

10 Years
5 Years
3 Years

4.73
4.45
1.02

EBITDA CAGR (%)

10 Years
5 Years
3 Years

6.15
1.79
4.96

PAT CAGR (%)

10 Years
5 Years
3 Years

6.79
-1.81
-1.04

P:E (Median)

8 Years
5 Years
3 Years

17.04
16.32
16.90

P:BV (Average)

8 Years
5 Years
3 Years

4.85
4.39
4.11

EV:EBITDA (Average)

8 Years
5 Years
3 Years

12.46
12.41
13.40

Earnings Forecasts:

(Updated: 09-07-2026)

Description 2026 2027 2028 2029
Adj EPS 19 10 - -
P/E Ratio 13.08 24.86 - -
Revenue - - - -
EBITDA - - - -
Net Income - - - -
ROA - - - -
P/B Ratio - - - -
ROE - - - -
FCFF - - - -
FCFF Yield - - - -
Net Debt - - - -
BVPS - - - -

Quarterly Results

Standalone Figures in Rs. Crores /

Consolidated

Description Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var%
Net Sales 689.40 453.98 51.86% 491.85 470.55 4.53% 450.37 461.04 -2.31% 414.12 423.86 -2.30%
Expenses 480.98 384.44 25.11% 405.93 402.18 0.93% 371.75 393.43 -5.51% 337.19 350.58 -3.82%
EBITDA 208.42 69.54 199.71% 85.92 68.37 25.67% 78.62 67.61 16.28% 76.93 73.28 4.98%
EBIDTM 30.23% 15.32% 17.47% 14.53% 17.46% 14.66% 18.58% 17.29%
Other Income 9.49 9.83 -3.46% 9.06 7.89 14.83% 11.95 8.01 49.19% 10.81 9.08 19.05%
Interest 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Depreciation 63.36 12.35 413.04% 13.89 11.12 24.91% 12.16 10.94 11.15% 11.75 10.08 16.57%
PBT 154.55 67.02 130.60% 81.09 165.63 -51.04% 78.41 64.68 21.23% 75.99 72.28 5.13%
Tax 37.86 14.02 170.04% 20.86 29.37 -28.98% 19.20 17.12 12.15% 19.86 18.70 6.20%
PAT 116.69 53.00 120.17% 60.23 136.26 -55.80% 59.21 47.56 24.50% 56.13 53.58 4.76%
PATM 16.93% 11.67% 12.25% 28.96% 13.15% 10.32% 13.55% 12.64%
EPS 6.87 3.12 120.19% 3.55 8.02 -55.74% 3.48 2.80 24.29% 3.30 3.15 4.76%

Description Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 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 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Net Sales - 1,464.54 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 Net Sales Growth - 4.78% -1.60% 9.91% 9.70% 6.05% -10.36% 12.77% 15.98% 2.73% Cost Of Goods Sold - 685.52 796.76 754.84 620.96 513.50 478.90 598.55 550.17 470.29 468.36 Gross Profit - 779.03 601.00 665.63 671.47 664.66 632.08 640.80 548.84 477.27 454.03 GP Margin - 53.19% 43.00% 46.86% 51.95% 56.42% 56.89% 51.70% 49.94% 50.37% 49.22% Total Expenditure - 1,014.64 1,118.95 1,067.27 909.75 766.53 700.73 824.70 745.89 653.58 674.64 Power & Fuel Cost - 6.73 8.25 6.97 6.58 7.51 7.61 9.01 8.90 7.29 7.14 % Of Sales - 0.46% 0.59% 0.49% 0.51% 0.64% 0.68% 0.73% 0.81% 0.77% 0.77% Employee Cost - 139.27 138.32 129.96 120.33 116.35 114.83 102.42 92.26 89.20 89.70 % Of Sales - 9.51% 9.90% 9.15% 9.31% 9.88% 10.34% 8.26% 8.39% 9.41% 9.72% Manufacturing Exp. - 27.40 27.89 21.58 22.97 20.84 19.17 9.27 8.00 6.89 5.68 % Of Sales - 1.87% 2.00% 1.52% 1.78% 1.77% 1.73% 0.75% 0.73% 0.73% 0.62% General & Admin Exp. - 41.15 40.74 45.02 42.81 31.88 18.35 19.54 15.35 13.42 30.77 % Of Sales - 2.81% 2.91% 3.17% 3.31% 2.71% 1.65% 1.58% 1.40% 1.42% 3.34% Selling & Distn. Exp. - 83.13 75.25 66.62 54.11 44.33 21.61 33.52 25.00 27.71 35.78 % Of Sales - 5.68% 5.38% 4.69% 4.19% 3.76% 1.95% 2.70% 2.27% 2.92% 3.88% Miscellaneous Exp. - 31.45 31.74 42.27 41.98 32.12 40.25 52.39 46.21 38.77 35.78 % Of Sales - 2.15% 2.27% 2.98% 3.25% 2.73% 3.62% 4.23% 4.20% 4.09% 4.04% EBITDA - 449.90 278.81 353.20 382.69 411.63 410.25 414.65 353.12 293.99 247.74 EBITDA Margin - 30.72% 19.95% 24.87% 29.61% 34.94% 36.93% 33.46% 32.13% 31.03% 26.86% Other Income - 41.30 34.80 79.60 76.40 46.67 42.12 47.36 38.90 24.62 20.08 Interest - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Depreciation - 101.16 44.49 38.11 30.20 30.10 35.07 41.76 41.35 39.16 36.92 PBT - 390.04 269.12 394.69 428.89 428.21 417.30 420.25 350.67 279.45 230.90 Tax - 97.78 79.21 93.13 101.91 107.98 106.51 116.16 123.83 97.56 79.37 Tax Rate - 25.07% 21.43% 23.60% 23.76% 25.22% 25.52% 27.64% 35.31% 34.91% 34.37% PAT - 292.25 290.39 301.57 326.98 320.23 310.79 304.09 226.84 181.89 151.53 PAT before Minority Interest - 292.25 290.39 301.57 326.98 320.23 310.79 304.09 226.84 181.89 151.53 Minority Interest - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin - 19.96% 20.78% 21.23% 25.30% 27.18% 27.97% 24.54% 20.64% 19.20% 16.43% PAT Growth - 0.64% -3.71% -7.77% 2.11% 3.04% 2.20% 34.05% 24.71% 20.04% EPS - 17.20 17.09 17.75 19.25 18.85 18.29 17.90 13.35 10.71 8.92

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Shareholder's Funds 1,445.67 1,322.69 1,252.41 1,179.70 1,074.30 940.44 787.09 664.03 582.09 538.97 Share Capital 169.86 169.86 15.44 15.44 15.44 15.44 15.44 15.44 15.44 15.44 Total Reserves 1,274.07 1,151.10 1,233.67 1,161.83 1,057.86 925.00 771.64 648.59 566.65 523.53 Non-Current Liabilities -18.96 5.31 6.60 3.69 1.36 -3.17 -6.55 -12.52 -10.66 -12.09 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 25.19 23.45 21.64 21.53 22.96 22.08 19.85 18.50 14.15 10.91 Current Liabilities 544.97 469.86 446.03 452.43 493.37 523.27 590.10 522.39 467.89 247.77 Trade Payables 123.79 127.12 118.30 96.81 103.41 109.75 142.83 83.01 58.09 55.99 Other Current Liabilities 404.75 327.37 307.75 335.21 373.92 395.48 427.51 424.28 409.80 191.78 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 16.43 15.38 19.98 20.41 16.05 18.04 19.76 15.10 0.00 0.00 Total Liabilities 1,971.68 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 Net Block 244.17 306.89 268.28 590.24 194.97 172.76 187.10 213.41 195.07 220.01 Gross Block 650.00 624.88 545.26 841.75 416.32 364.44 344.41 329.66 270.09 256.78 Accumulated Depreciation 405.82 317.99 276.98 251.50 221.35 191.67 157.31 116.25 75.02 36.77 Non Current Assets 247.94 509.69 516.84 803.85 427.00 209.81 206.88 217.24 234.47 226.76 Capital Work in Progress 0.17 1.32 46.96 0.25 10.44 33.25 12.65 0.30 34.22 0.82 Non Current Investment 0.14 199.46 200.11 201.72 203.05 2.70 1.79 2.26 2.03 1.77 Long Term Loans & Adv. 3.46 2.02 1.49 11.64 18.53 1.09 5.32 1.25 3.13 4.15 Other Non Current Assets 0.00 0.00 0.00 0.00 0.00 0.02 0.02 0.02 0.02 0.02 Current Assets 1,375.01 939.44 839.47 831.97 1,142.03 1,250.73 1,163.75 956.67 804.85 547.88 Current Investments 558.53 332.45 247.02 375.64 767.61 884.43 751.20 573.06 414.10 171.82 Inventories 674.97 484.58 454.99 349.33 295.63 297.18 297.74 281.85 252.87 329.31 Sundry Debtors 47.02 64.06 46.40 43.18 33.30 15.21 15.37 14.32 27.33 12.04 Cash & Bank 34.64 17.55 35.16 19.74 15.41 20.83 37.45 36.86 37.59 19.94 Other Current Assets 59.85 7.33 7.64 7.30 30.08 33.08 62.00 50.58 72.97 14.77 Short Term Loans & Adv. 56.61 33.48 48.28 36.79 22.90 27.63 57.82 46.94 70.51 12.52 Net Current Assets 830.04 469.58 393.44 379.54 648.66 727.46 573.66 434.28 336.96 300.12 Total Assets 1,622.95 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

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 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Cash From Operating Activity 218.27 193.47 167.02 181.46 277.22 286.17 331.45 290.16 420.12 145.69 PBT 390.04 369.61 394.69 428.89 428.21 417.30 420.25 350.67 279.45 230.90 Adjustment 65.07 -83.36 -37.53 -42.46 -14.21 -5.60 -3.97 5.09 15.62 17.74 Changes in Working Capital -113.82 -5.44 -99.26 -111.06 -30.70 -18.08 20.58 63.06 226.07 -24.58 Cash after chg. in Working capital 341.28 280.81 257.90 275.37 383.30 393.62 436.86 418.83 521.15 224.06 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -123.01 -87.34 -90.89 -93.91 -106.08 -107.45 -105.41 -128.66 -101.02 -78.37 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 -31.37 9.79 79.32 46.72 -95.75 -143.98 -154.76 -148.02 -264.13 -17.76 Net Fixed Assets -23.97 -33.98 249.78 -415.24 -29.07 -40.63 -27.10 -25.65 -46.71 225.07 Net Investments -26.76 -84.78 130.23 393.30 -83.53 -134.14 -177.67 -159.19 -242.54 -11.37 Others 19.36 128.55 -300.69 68.66 16.85 30.79 50.01 36.82 25.12 -231.46 Cash from Financing Activity -169.54 -221.31 -230.77 -223.54 -186.65 -159.05 -176.85 -144.27 -139.39 -130.10 Net Cash Inflow / Outflow 17.36 -18.05 15.57 4.63 -5.18 -16.85 -0.17 -2.14 16.60 -2.17 Opening Cash & Equivalents 6.34 24.39 8.82 4.19 9.37 26.22 26.39 28.52 11.92 14.10 Closing Cash & Equivalent 23.69 6.34 24.39 8.82 4.19 9.37 26.22 26.39 28.52 11.92

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 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Book Value (Rs.) 85.01 77.77 73.54 69.31 695.06 609.02 509.71 430.02 376.96 349.03 ROA 15.51% 16.58% 18.05% 20.41% 21.14% 21.96% 23.90% 20.50% 20.05% 19.17% ROE 21.14% 22.60% 24.86% 29.06% 31.80% 35.98% 41.91% 36.41% 32.45% 33.42% ROCE 28.18% 28.71% 32.46% 38.06% 42.51% 48.31% 57.92% 56.28% 49.86% 50.93% Fixed Asset Turnover 3.21 3.09 2.65 2.66 4.00 4.16 4.07 3.95 5.16 6.47 Receivable days 9.91 11.14 8.90 8.35 5.67 3.79 3.95 6.42 5.29 1.97 Inventory Days 103.44 94.77 79.88 70.38 69.32 73.71 77.18 82.41 78.20 57.01 Payable days 66.80 56.21 52.01 58.84 75.76 96.26 51.51 34.96 32.53 34.37 Cash Conversion Cycle 46.56 49.69 36.77 19.88 -0.76 -18.75 29.63 53.88 50.96 24.61 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

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Annual Reports:

News Update:

VST Industries - Quarterly Results
17th Apr 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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