VS
VST Industries Ltd (VSTIND)
₹230.05
Mkt cap
₹4,435 Cr
P/E ratio
15.20
P/B
2.70
Div yield
4.60%
ROE
21.10%
ROCE
28.20%
EPS (TTM)
₹15.13
Book value
₹85
52W range
200–293
Sector
Fast Moving Consumer Goods
VST Industries is engaged inter-alia in manufacture and trading of Cigarettes, Tobacco and Tobacco products.(Source : 202003 Annual Report Page No: 93)
Health check
Constructive
ValuationFair
ProfitabilityStrong
GrowthModerate
TechnicalsNeutral
52-week range
−21.43% from high₹230
₹200+14.98% from low₹293
Current
₹230.05
Prev close
₹230.00
Day
+0.02%
Price performance
1D
+0.02%
1W
−0.56%
1M
−11.89%
3M
−10.21%
6M
−0.56%
1Y
−21.54%
YTD
−8.36%
Financials
FRevenue, profit & margin
P/E ratio
15.2×
VSTIND is 5% above the sector median of 14.4×
VSTIND15.2×
Sector median14.4×
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 302 | 333 | 350 | 363 | 375 | 321 | 360 | 367 | 349 | 298 | 336 | 373 | 457 | |
| Expenses | 220 | 228 | 271 | 290 | 278 | 248 | 292 | 299 | 280 | 221 | 258 | 288 | 249 | |
| Operating Profit | 82 | 105 | 79 | 72 | 97 | 73 | 68 | 68 | 70 | 77 | 79 | 86 | 208 | |
| OPM % | 27% | 32% | 23% | 20% | 26% | 23% | 19% | 19% | 20% | 26% | 23% | 23% | 46% | |
| Other Income | 16 | 12 | 29 | 9 | 30 | 9 | 8 | 108 | 10 | 11 | 12 | 9 | 9 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Depreciation | 8 | 8 | 9 | 10 | 11 | 10 | 11 | 11 | 12 | 12 | 12 | 14 | 63 | |
| Profit before tax | 90 | 109 | 99 | 71 | 115 | 72 | 65 | 166 | 67 | 76 | 78 | 81 | 155 | |
| Tax % | 23% | 23% | 23% | 24% | 23% | 26% | 26% | 18% | 21% | 26% | 24% | 26% | 24% | |
| Net Profit | 69 | 84 | 76 | 54 | 88 | 54 | 48 | 136 | 53 | 56 | 59 | 60 | 117 | |
| EPS in Rs | 4.04 | 4.93 | 4.47 | 3.16 | 5.19 | 3.15 | 2.80 | 8.02 | 3.12 | 3.30 | 3.49 | 3.55 | 6.87 | |
| Raw PDF |
Earnings
EResults dates & reactionsNext results
28 Jul '26
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
No reaction history yet.
No quarterly filings ingested yet.
Corporate actions
CLast 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Shareholding
Sas of Mar 202632.16%Promoter
Promoters32.16%
FIIs1.34%0.12
DIIs6.63%0.32
Public59.69%0.42
Ownership trend
Peers
P7 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| Godfrey Phillips | ₹2,247.30 | 22.98 | 35,054 | 1.41% | 521 | +77.36% | 1,787 | +13.59% | 32.84% |
| VST Industries | ₹261.10 | 15.18 | 4,435 | 4.60% | 117 | +120.17% | 457 | +30.87% | 28.18% |
| Elitecon Inter. | ₹27.46 | 13.70 | 4,389 | 0.18% | 104 | +676.39% | 1,741 | +1,750.04% | — |
| NTC Industries | ₹152.15 | 11.29 | 221 | 0.00% | 6 | +3.07% | 32 | +33.69% | 11.14% |
| Sinnar Bidi Udy. | ₹765.00 | — | 31 | 0.00% | 0 | −825.00% | 1 | +22.45% | −3.24% |
| Shanthala FMCG | ₹25.95 | 13.69 | 17 | 0.00% | 1 | +71.43% | 26 | −0.12% | 5.98% |
| Raghunath Intl. | ₹11.00 | 5.24 | 6 | 0.00% | 0 | −50.00% | 0 | — | 7.84% |
| Median: 4 Co. | ₹206.62 | 14.44 | 4,412 | 0.79% | 110 | +98.77% | 1,099 | +32.28% | 28.18% |
Filings
DAnnual reports15
Financial Year 2025bseFinancial Year 2024bseFinancial Year 2023bseFinancial Year 2022bseFinancial Year 2021bseFinancial Year 2020bseFinancial Year 2019bseFinancial Year 2018bseFinancial Year 2017bseFinancial Year 2016bseFinancial Year 2015bseFinancial Year 2014bseFinancial Year 2013bseFinancial Year 2012bseFinancial Year 2012nse
Credit ratings6
Announcements5
Closure of Trading Window 25 JunAnnouncement under Regulation 30 (LODR)-Newspaper Publication 23 Jun - Publication of Notice regarding transfer of unclaimed dividend and equity shares to the Investor Education and Protection FundAnnouncement under Regulation 30 (LODR)-Newspaper Publication 21 May - Publication of Notice reg. Special Window for Transfer and Dematerialisation of Physical sharesAnnouncement under Regulation 30 (LODR)-Credit Rating 15 May - CRISIL reaffirmed VST Industries' ratings on 15 May 2026: A1+ working capital, AA+/Stable FD and NCDs.Compliances-Reg.24(A)-Annual Secretarial Compliance 13 May - Submitted annual secretarial compliance report for year ended 31 March 2026; no non-compliances reported.

