V.S.T. Tillers Tractors, 531266, VSTTILLERS Share Price, Rating, Research, Analysis, Fundamental & Historical Data

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

4,475.66
36.08
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

4,458.86
0.39%
4.12

Chart

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

Revenue CAGR (%)

10 Years
5 Years
3 Years

4.40
5.41
-0.40

EBITDA CAGR (%)

10 Years
5 Years
3 Years

-0.15
3.85
-2.73

PAT CAGR (%)

10 Years
5 Years
3 Years

2.45
0.80
0.22

P:E (Median)

8 Years
5 Years
3 Years

34.23
34.23
34.23

P:BV (Average)

8 Years
5 Years
3 Years

3.27
3.27
3.27

EV:EBITDA (Average)

8 Years
5 Years
3 Years

19.45
19.45
19.45

Earnings Forecasts:

(Updated: 14-03-2026)

Description 2024 2025 2026 2027
Adj EPS 107.6 205.76 248.38 285.46
P/E Ratio 48.16 25.19 20.87 18.15
Revenue 989.83 1371.83 1558.93 1762.73
EBITDA 111.09 200.9 239.5 278.3
Net Income 92.97 177.8 214.6 246.6
ROA 7.65 17.27 18.04 18.04
P/B Ratio 4.47 3.94 3.40 2.93
ROE 9.66 9.86 16.67 13.6
FCFF 59.22 4.24 102.02 131.85
FCFF Yield 1.49 0.11 2.57 3.33
Net Debt -556.45 -493.6 -595.8 -728.4
BVPS 1159.11 1316.91 1525.3 1770.76

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var%
Net Sales 314.30 219.10 43.45% 315.15 283.43 11.19% 282.45 190.59 48.20% 301.43 273.44 10.24%
Expenses 273.60 199.55 37.11% 274.25 245.64 11.65% 244.95 177.21 38.23% 261.06 233.61 11.75%
EBITDA 40.70 19.55 108.18% 40.90 37.79 8.23% 37.50 13.38 180.27% 40.37 39.83 1.36%
EBIDTM 12.95% 8.92% 12.98% 13.33% 13.28% 7.02% 13.39% 14.57%
Other Income 7.02 -8.85 - 2.64 26.76 -90.13% 25.89 21.32 21.44% -0.92 10.39 -
Interest 0.51 0.48 6.25% 0.57 0.56 1.79% 0.38 0.51 -25.49% 0.41 0.52 -21.15%
Depreciation 6.38 6.38 0.00% 6.46 6.46 0.00% 6.41 6.25 2.56% 6.39 6.67 -4.20%
PBT 40.83 3.84 963.28% 36.51 57.53 -36.54% 56.60 27.94 102.58% 32.65 43.03 -24.12%
Tax 10.11 2.14 372.43% 11.08 12.60 -12.06% 12.04 5.09 136.54% 7.67 7.91 -3.03%
PAT 30.72 1.70 1,707.06% 25.43 44.93 -43.40% 44.56 22.85 95.01% 24.98 35.12 -28.87%
PATM 9.77% 0.78% 8.07% 15.85% 15.78% 11.99% 8.29% 12.84%
EPS 35.72 1.98 1,704.04% 29.57 52.24 -43.40% 51.81 26.57 94.99% 29.05 40.84 -28.87%

Description Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var%
Net Sales 314.30 219.10 43.45% 315.15 283.43 11.19% 282.45 190.59 48.20% 301.43 273.44 10.24%
Expenses 273.60 199.55 37.11% 274.25 245.64 11.65% 244.95 177.21 38.23% 261.06 233.61 11.75%
EBITDA 40.70 19.55 108.18% 40.90 37.79 8.23% 37.50 13.38 180.27% 40.37 39.83 1.36%
EBIDTM 12.95% 8.92% 12.98% 13.33% 13.28% 7.02% 13.39% 14.57%
Other Income 7.02 -8.85 - 2.64 26.76 -90.13% 25.89 21.32 21.44% -0.92 10.39 -
Interest 0.51 0.48 6.25% 0.57 0.56 1.79% 0.38 0.51 -25.49% 0.41 0.52 -21.15%
Depreciation 6.38 6.38 0.00% 6.46 6.46 0.00% 6.41 6.25 2.56% 6.39 6.67 -4.20%
PBT 40.83 3.84 963.28% 36.51 57.53 -36.54% 56.60 27.94 102.58% 32.65 43.03 -24.12%
Tax 10.11 2.32 335.78% 11.08 12.42 -10.79% 12.04 5.09 136.54% 7.67 7.91 -3.03%
PAT 30.72 1.52 1,921.05% 25.43 45.11 -43.63% 44.56 22.85 95.01% 24.98 35.12 -28.87%
PATM 9.77% 0.69% 8.07% 15.92% 15.78% 11.99% 8.29% 12.84%
EPS 35.22 1.48 2,279.73% 28.91 51.85 -44.24% 51.18 26.01 96.77% 28.26 40.22 -29.74%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Net Sales 1,213.33 994.55 968.05 1,006.43 853.86 764.24 543.68 614.80 763.49 675.35 646.67 Net Sales Growth 25.53% 2.74% -3.81% 17.87% 11.73% 40.57% -11.57% -19.48% 13.05% 4.44% Cost Of Goods Sold 834.90 683.49 657.50 704.69 578.14 509.41 372.33 407.48 493.75 445.90 421.14 Gross Profit 378.43 311.05 310.55 301.74 275.73 254.84 171.35 207.32 269.73 229.45 225.52 GP Margin 31.19% 31.28% 32.08% 29.98% 32.29% 33.35% 31.52% 33.72% 35.33% 33.97% 34.87% Total Expenditure 1,053.86 883.21 843.42 878.54 729.13 672.08 526.18 569.90 643.76 574.00 533.59 Power & Fuel Cost - 4.28 4.32 4.18 3.94 3.11 2.71 4.40 4.35 3.90 3.75 % Of Sales - 0.43% 0.45% 0.42% 0.46% 0.41% 0.50% 0.72% 0.57% 0.58% 0.58% Employee Cost - 100.77 86.28 79.09 70.64 81.95 68.30 66.11 68.89 55.98 45.41 % Of Sales - 10.13% 8.91% 7.86% 8.27% 10.72% 12.56% 10.75% 9.02% 8.29% 7.02% Manufacturing Exp. - 13.55 13.71 14.26 11.58 9.73 12.57 12.12 12.59 9.32 8.77 % Of Sales - 1.36% 1.42% 1.42% 1.36% 1.27% 2.31% 1.97% 1.65% 1.38% 1.36% General & Admin Exp. - 40.20 36.83 28.78 26.43 22.89 19.95 20.18 22.51 21.11 10.31 % Of Sales - 4.04% 3.80% 2.86% 3.10% 3.00% 3.67% 3.28% 2.95% 3.13% 1.59% Selling & Distn. Exp. - 34.90 34.92 37.41 29.85 27.01 25.81 38.56 36.28 32.86 43.14 % Of Sales - 3.51% 3.61% 3.72% 3.50% 3.53% 4.75% 6.27% 4.75% 4.87% 6.67% Miscellaneous Exp. - 6.00 9.85 10.14 8.54 17.97 24.52 21.05 5.38 4.94 43.14 % Of Sales - 0.60% 1.02% 1.01% 1.00% 2.35% 4.51% 3.42% 0.70% 0.73% 0.16% EBITDA 159.47 111.34 124.63 127.89 124.73 92.16 17.50 44.90 119.73 101.35 113.08 EBITDA Margin 13.14% 11.20% 12.87% 12.71% 14.61% 12.06% 3.22% 7.30% 15.68% 15.01% 17.49% Other Income 34.63 38.31 60.58 24.95 34.09 46.08 23.58 44.91 45.21 26.16 12.27 Interest 1.87 2.22 2.59 1.96 1.60 1.94 1.63 2.49 1.85 3.11 2.78 Depreciation 25.64 25.48 27.01 26.94 25.04 17.08 16.35 15.79 10.86 11.81 12.54 PBT 166.59 121.95 155.61 123.94 132.18 119.22 23.10 71.53 152.23 112.58 110.03 Tax 40.90 27.49 34.10 31.58 32.87 28.45 5.10 25.47 40.25 33.18 35.90 Tax Rate 24.55% 22.54% 21.91% 25.48% 24.87% 23.86% 22.08% 35.61% 26.44% 28.63% 32.63% PAT 125.69 94.46 121.51 92.36 99.31 90.78 18.01 46.06 111.98 82.71 74.13 PAT before Minority Interest 125.69 94.46 121.51 92.36 99.31 90.78 18.01 46.06 111.98 82.71 74.13 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 10.36% 9.50% 12.55% 9.18% 11.63% 11.88% 3.31% 7.49% 14.67% 12.25% 11.46% PAT Growth 20.16% -22.26% 31.56% -7.00% 9.40% 404.05% -60.90% -58.87% 35.39% 11.57% EPS 146.15 109.84 141.29 107.40 115.48 105.56 20.94 53.56 130.21 96.17 86.20

Description TTM Mar 25 Mar 24 Mar 23
Net Sales 1,213.33 994.55 968.05 1,006.43 Net Sales Growth 25.53% 2.74% -3.81% Cost Of Goods Sold 834.90 683.49 657.50 704.69 Gross Profit 378.43 311.05 310.55 301.74 GP Margin 31.19% 31.28% 32.08% 29.98% Total Expenditure 1,053.86 883.21 843.42 878.54 Power & Fuel Cost - 4.28 4.32 4.18 % Of Sales - 0.43% 0.45% 0.42% Employee Cost - 100.77 86.28 79.09 % Of Sales - 10.13% 8.91% 7.86% Manufacturing Exp. - 13.55 13.71 14.26 % Of Sales - 1.36% 1.42% 1.42% General & Admin Exp. - 40.20 36.83 28.78 % Of Sales - 4.04% 3.80% 2.86% Selling & Distn. Exp. - 34.90 34.92 37.41 % Of Sales - 3.51% 3.61% 3.72% Miscellaneous Exp. - 6.00 9.85 10.14 % Of Sales - 0.60% 1.02% 1.01% EBITDA 159.47 111.34 124.63 127.89 EBITDA Margin 13.14% 11.20% 12.87% 12.71% Other Income 34.63 38.31 60.58 24.95 Interest 1.87 2.22 2.59 1.96 Depreciation 25.64 25.48 27.01 26.94 PBT 166.59 121.95 155.61 123.94 Tax 40.90 27.49 34.10 31.58 Tax Rate 24.55% 22.54% 21.91% 25.48% PAT 125.69 92.97 121.07 92.36 PAT before Minority Interest 125.69 92.97 121.07 92.36 Minority Interest 0.00 0.00 0.00 0.00 PAT Margin 10.36% 9.35% 12.51% 9.18% PAT Growth 20.16% -23.21% 31.08% EPS 146.15 108.10 140.78 107.40

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Shareholder's Funds 1,003.80 924.07 824.45 749.54 667.57 576.91 589.90 596.37 500.02 420.11 Share Capital 8.64 8.64 8.64 8.64 8.64 8.64 8.64 8.64 8.64 8.64 Total Reserves 992.12 915.17 815.81 740.90 658.93 568.27 581.26 587.73 491.38 411.47 Non-Current Liabilities 60.11 55.85 50.12 42.82 42.88 41.80 53.08 45.93 47.80 43.23 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 8.96 6.84 4.46 0.00 0.00 0.00 0.00 0.00 2.70 2.13 Current Liabilities 203.20 187.43 216.22 173.70 174.33 109.93 105.28 143.48 83.26 70.07 Trade Payables 98.80 98.91 130.71 82.17 83.14 57.77 34.28 61.66 36.34 32.26 Other Current Liabilities 100.96 85.94 82.95 86.31 86.47 50.48 69.45 80.11 45.30 36.65 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 3.44 2.58 2.55 5.22 4.72 1.68 1.54 1.71 1.62 1.15 Total Liabilities 1,267.11 1,167.35 1,090.79 966.06 884.78 728.64 748.26 785.78 631.08 533.41 Net Block 218.88 228.35 239.54 243.85 226.01 183.92 183.07 135.50 126.60 126.99 Gross Block 430.37 415.15 399.82 380.61 346.10 287.63 273.00 214.00 199.53 189.08 Accumulated Depreciation 211.50 186.80 160.28 136.76 120.09 103.71 89.93 78.50 72.94 62.09 Non Current Assets 298.12 305.59 320.08 367.88 334.33 303.34 293.69 286.35 206.52 157.82 Capital Work in Progress 10.06 5.24 14.11 12.00 25.38 47.68 34.79 56.83 10.30 2.83 Non Current Investment 41.50 46.49 40.58 83.71 54.77 35.35 43.93 62.94 43.12 16.47 Long Term Loans & Adv. 6.25 3.93 3.99 6.21 6.09 14.07 9.30 8.46 6.27 11.53 Other Non Current Assets 0.15 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.02 0.00 Current Assets 968.99 861.75 770.71 598.17 550.45 425.30 454.56 499.43 424.56 375.59 Current Investments 483.70 437.96 389.27 329.87 257.48 121.11 121.31 141.18 144.98 119.82 Inventories 100.72 117.80 107.91 100.63 106.93 102.27 123.66 78.39 70.70 80.37 Sundry Debtors 205.64 155.16 149.24 67.57 81.81 96.16 96.40 186.11 132.28 123.77 Cash & Bank 74.71 46.73 28.14 31.29 31.93 25.83 18.83 17.30 36.57 27.68 Other Current Assets 104.21 3.17 3.52 2.16 72.30 79.93 94.35 76.44 40.04 23.95 Short Term Loans & Adv. 99.49 100.93 92.63 66.65 18.66 74.85 30.22 25.26 32.30 12.84 Net Current Assets 765.79 674.32 554.49 424.47 376.12 315.36 349.28 355.94 341.30 305.52 Total Assets 1,267.11 1,167.34 1,090.79 966.05 884.78 728.64 748.25 785.78 631.08 533.41

Description Mar 25 Mar 24 Mar 23
Shareholder's Funds 1,001.86 923.62 824.45 Share Capital 8.64 8.64 8.64 Total Reserves 990.18 914.73 815.81 Non-Current Liabilities 60.11 55.85 50.12 Secured Loans 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 Long Term Provisions 8.96 6.84 4.46 Current Liabilities 203.20 187.43 216.22 Trade Payables 98.80 98.91 130.71 Other Current Liabilities 100.96 85.94 82.95 Short Term Borrowings 0.00 0.00 0.00 Short Term Provisions 3.44 2.58 2.55 Total Liabilities 1,265.17 1,166.90 1,090.79 Net Block 218.88 228.35 239.54 Gross Block 430.37 415.15 399.82 Accumulated Depreciation 211.50 186.80 160.28 Non Current Assets 296.18 305.15 320.08 Capital Work in Progress 10.06 5.24 14.11 Non Current Investment 39.56 46.04 40.58 Long Term Loans & Adv. 6.25 3.93 3.99 Other Non Current Assets 0.15 0.02 0.02 Current Assets 968.99 861.75 770.71 Current Investments 483.70 437.96 389.27 Inventories 100.72 117.80 107.91 Sundry Debtors 205.64 155.16 149.24 Cash & Bank 74.71 46.73 28.14 Other Current Assets 104.21 3.17 3.52 Short Term Loans & Adv. 99.49 100.93 92.63 Net Current Assets 765.79 674.32 554.49 Total Assets 1,265.17 1,166.90 1,090.79

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

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 76.55 48.61 36.43 124.83 155.17 72.34 43.18 33.37 86.50 85.18 PBT 121.95 155.61 123.94 132.18 119.22 23.10 71.53 152.23 115.88 110.03 Adjustment -3.07 -23.43 11.79 -0.63 -15.93 17.48 -6.60 -29.59 -9.54 3.91 Changes in Working Capital -21.36 -54.00 -69.19 28.57 77.15 41.63 12.71 -54.77 17.78 10.43 Cash after chg. in Working capital 97.52 78.18 66.53 160.12 180.45 82.22 77.64 67.87 124.13 124.37 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -20.97 -29.57 -30.11 -35.29 -25.28 -9.87 -34.46 -34.50 -37.62 -39.19 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 -28.74 8.64 -31.57 -109.63 -147.99 -33.01 11.03 -36.00 -74.51 -42.77 Net Fixed Assets -20.04 -6.46 -21.32 -21.13 -36.17 -27.52 -36.96 -61.00 -17.92 -5.23 Net Investments -40.75 -54.60 -16.27 -101.33 -155.79 8.78 38.88 -16.02 -51.81 -41.14 Others 32.05 69.70 6.02 12.83 43.97 -14.27 9.11 41.02 -4.78 3.60 Cash from Financing Activity -20.30 -24.50 -19.13 -18.83 -1.52 -32.70 -53.98 -16.70 -2.98 -33.76 Net Cash Inflow / Outflow 27.50 32.75 -14.27 -3.62 5.66 6.63 0.23 -19.33 9.02 8.65 Opening Cash & Equivalents 43.67 10.92 25.19 28.82 23.15 16.52 16.29 35.62 26.61 17.96 Closing Cash & Equivalent 71.17 43.67 10.92 25.19 28.82 23.15 16.52 16.29 35.62 26.61

Description Mar 25 Mar 24 Mar 23
Cash From Operating Activity 76.55 48.61 36.43 PBT 120.46 155.16 123.94 Adjustment -1.58 -22.98 11.79 Changes in Working Capital -21.36 -54.00 -69.19 Cash after chg. in Working capital 97.52 78.18 66.53 Interest Paid 0.00 0.00 0.00 Tax Paid -20.97 -29.57 -30.11 Other Direct Exp. Paid 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 Cash From Investing Activity -28.74 8.64 -31.57 Net Fixed Assets -20.04 -6.46 Net Investments -40.75 -54.60 Others 32.05 69.70 Cash from Financing Activity -20.30 -24.50 -19.13 Net Cash Inflow / Outflow 27.50 32.75 -14.27 Opening Cash & Equivalents 43.67 10.92 25.19 Closing Cash & Equivalent 71.17 43.67 10.92

Financial Ratios

Standalone /

Consolidated

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Book Value (Rs.) 1157.83 1069.29 954.28 867.57 772.70 667.76 682.79 690.28 578.76 485.57 ROA 7.76% 10.76% 8.98% 10.73% 11.25% 2.44% 6.01% 15.81% 14.20% 14.74% ROE 9.82% 13.90% 11.74% 14.02% 14.59% 3.09% 7.77% 20.43% 17.99% 18.95% ROCE 12.88% 18.10% 16.00% 18.88% 19.47% 4.24% 12.48% 28.11% 25.88% 28.83% Fixed Asset Turnover 2.48 2.50 2.69 2.46 2.53 2.03 2.62 3.69 3.49 3.47 Receivable days 62.71 54.63 37.69 30.50 40.46 61.74 80.85 76.06 68.96 61.30 Inventory Days 37.98 40.51 36.25 42.39 47.57 72.44 57.82 35.62 40.69 50.85 Payable days 52.79 63.73 55.13 52.18 50.48 35.63 30.20 29.14 22.78 16.78 Cash Conversion Cycle 47.90 31.40 18.80 20.71 37.54 98.55 108.47 82.54 86.86 95.37 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 55.81 61.02 64.36 83.46 62.38 15.19 29.71 83.26 38.23 40.60

Description Mar 25 Mar 24 Mar 23
Book Value (Rs.) 1155.59 1068.77 954.28 ROA 7.64% 10.72% 8.47% ROE 9.67% 13.85% 11.20% ROCE 12.74% 18.05% 15.27% Fixed Asset Turnover 2.48 2.50 2.63 Receivable days 62.71 54.63 51.88 Inventory Days 37.98 40.51 37.51 Payable days 52.79 63.73 67.70 Cash Conversion Cycle 47.90 31.40 21.69 Total Debt/Equity 0.00 0.00 0.00 Interest Cover 55.14 60.85 64.36

Top Investors:

kotak small cap fund-various schemes

nippon life india trustee ltd-a/c - various schemes

ikigai emerging equity fund

investor education and protection fund (iepf)

llp

Annual Reports:

News Update:

VST Tillers Tractors registers 36% growth in February sales
2nd Mar 2026, 12:00 PM

The company has sold 3963 power tillers in February 2026 as against 2952 units in February 2025
Read More
VST Tillers Tractors registers 54% growth in January sales
1st Feb 2026, 11:53 AM

The company has sold 447 tractors during January 2026, as compared to 311 units in January 2025, an increase of 43.72% Y-o-Y
Read More
VST Tillers Tractors registers 30% growth in December sales
1st Jan 2026, 11:11 AM

The company has sold total 4,376 power tillers & tractors during December 2025
Read More

V.S.T. Tillers Tractors Ltd.

Automobiles-Tractors

BSE: 531266 | NSE: VSTTILLERS

Stock Summary

Chart

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

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Standalone Figures in Rs. Crores /

Results Balance Sheet

Standalone Figures in Rs. Crores /

Cash Flow

Standalone Figures in Rs. Crores /

Financial Ratios

Standalone /

Top Investors:

Annual Reports:

News Update:

V.S.T. Tillers Tractors Ltd.

Automobiles-Tractors

BSE: 531266 | NSE: VSTTILLERS

Stock Summary

Shareholding Pattern

Chart

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

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Standalone Figures in Rs. Crores /

Results Balance Sheet

Standalone Figures in Rs. Crores /

Cash Flow

Standalone Figures in Rs. Crores /

Financial Ratios

Standalone /

Top Investors:

Annual Reports:

News Update: