Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 279 | 170 | 273 | 191 | 283 | 219 | 301 | 282 | 315 | 314 | 328 | 313 |
| Expenses | 235 | 160 | 234 | 177 | 246 | 200 | 261 | 245 | 274 | 274 | 282 | 273 |
| Operating Profit | 43 | 10 | 40 | 13 | 38 | 20 | 40 | 38 | 41 | 41 | 47 | 40 |
| OPM % | 15% | 6% | 15% | 7% | 13% | 9% | 13% | 13% | 13% | 13% | 14% | 13% |
| Other Income | 14 | 18 | 10 | 21 | 27 | -9 | -1 | 26 | 3 | 7 | -31 | 28 |
| Interest | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| Depreciation | 7 | 7 | 7 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 5 |
| Profit before tax | 50 | 20 | 43 | 28 | 58 | 4 | 33 | 57 | 37 | 41 | 9 | 62 |
| Tax % | 27% | 17% | 18% | 18% | 22% | 56% | 23% | 21% | 30% | 25% | 41% | 22% |
| Net Profit | 36 | 17 | 35 | 23 | 45 | 2 | 25 | 45 | 25 | 31 | 5 | 49 |
| EPS in Rs | 42.19 | 19.62 | 40.65 | 26.45 | 52.01 | 1.97 | 28.90 | 51.55 | 29.42 | 35.54 | 6.11 | 56.32 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 647 | 675 | 763 | 615 | 544 | 764 | 854 | 1,006 | 968 | 995 | 1,240 | 1,271 |
| Expenses | 534 | 574 | 644 | 560 | 514 | 670 | 729 | 878 | 843 | 883 | 1,074 | 1,103 |
| Operating Profit | 113 | 101 | 120 | 55 | 30 | 95 | 125 | 128 | 125 | 111 | 167 | 169 |
| OPM % | 17% | 15% | 16% | 9% | 6% | 12% | 15% | 13% | 13% | 11% | 13% | 13% |
| Other Income | 12 | 29 | 45 | 35 | 11 | 46 | 34 | 25 | 60 | 38 | 4 | 7 |
| Interest | 3 | 3 | 2 | 2 | 2 | 4 | 2 | 2 | 3 | 2 | 2 | 2 |
| Depreciation | 13 | 12 | 11 | 16 | 16 | 17 | 25 | 27 | 27 | 25 | 26 | 25 |
| Profit before tax | 110 | 116 | 152 | 72 | 23 | 119 | 132 | 124 | 156 | 122 | 143 | 149 |
| Tax % | 33% | 29% | 26% | 36% | 22% | 24% | 25% | 25% | 22% | 23% | 26% | |
| Net Profit | 74 | 83 | 112 | 46 | 18 | 91 | 99 | 92 | 122 | 94 | 106 | 110 |
| EPS in Rs | 85.80 | 95.73 | 129.61 | 53.31 | 20.85 | 105.08 | 114.95 | 106.90 | 140.64 | 109.29 | 122.50 | 127.39 |
| Dividend Payout % | 17% | 16% | 39% | 28% | 72% | 19% | 17% | 23% | 14% | 18% | 20% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 7% | 10% | 7% | 17% | ||
| Compounded Profit Growth | 4% | 3% | 5% | -5% | ||
| Stock Price CAGR | 9% | 10% | 7% | -13% | ||
| Return on Equity | 12% | 12% | 11% | 10% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 355 | 411 | 491 | 588 | 581 | 568 | 659 | 741 | 816 | 915 | 995 | 1,089 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 2 | 2 |
| Other Liabilities | 109 | 113 | 131 | 189 | 158 | 152 | 218 | 217 | 264 | 242 | 261 | 248 |
| Total Liabilities | 472 | 533 | 631 | 786 | 748 | 729 | 885 | 966 | 1,091 | 1,167 | 1,267 | 1,347 |
| Fixed Assets | 135 | 127 | 147 | 158 | 206 | 206 | 248 | 266 | 261 | 250 | 240 | 232 |
| CWIP | 2 | 3 | 10 | 57 | 35 | 48 | 25 | 12 | 14 | 5 | 10 | 18 |
| Investments | 95 | 136 | 188 | 204 | 165 | 156 | 312 | 414 | 430 | 484 | 525 | 634 |
| Other Assets | 240 | 267 | 286 | 367 | 343 | 318 | 300 | 275 | 385 | 428 | 492 | 464 |
| Total Assets | 472 | 533 | 631 | 786 | 748 | 729 | 885 | 966 | 1,091 | 1,167 | 1,267 | 1,347 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 26 | 85 | 86 | 33 | 43 | 72 | 155 | 125 | 36 | 49 | 77 | 132 |
| Cash from Investing Activity | -13 | -43 | -75 | -36 | 11 | -33 | -148 | -110 | -32 | 9 | -29 | -136 |
| Cash from Financing Activity | -17 | -34 | -3 | -17 | -54 | -33 | -2 | -19 | -19 | -24 | -20 | -20 |
| Net Cash Flow | -4 | 9 | 9 | -19 | 0 | 7 | 6 | -4 | -14 | 33 | 28 | -24 |
| Free Cash Flow | -4 | 77 | 54 | -34 | -2 | 38 | 127 | 96 | 12 | 41 | 56 | 105 |
| CFO/OP | 57% | 110% | 122% | 57% | 141% | 274% | 191% | 128% | 52% | 63% | 88% | 99% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 62 | 70 | 71 | 89 | 57 | 65 | 39 | 29 | 54 | 58 | 75 | 51 |
| Inventory Days | 102 | 70 | 58 | 58 | 111 | 100 | 77 | 64 | 56 | 65 | 54 | 53 |
| Days Payable | 17 | 28 | 30 | 46 | 31 | 57 | 60 | 52 | 68 | 55 | 53 | 43 |
| Cash Conversion Cycle | 148 | 112 | 100 | 101 | 137 | 108 | 56 | 41 | 42 | 69 | 76 | 60 |
| Working Capital Days | 95 | 89 | 86 | 94 | 124 | 113 | 41 | 27 | 50 | 72 | 76 | 64 |
| ROCE % | 30% | 29% | 24% | 26% | 14% | 6% | 20% | 19% | 16% | 18% | 12% | 14% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 55.58% | 55.58% | 55.64% | 55.64% | 55.64% | 55.64% | 55.64% | 55.61% | 55.61% | 55.61% | 55.61% | 55.55% |
| FIIs | 2.07% | 2.02% | 1.88% | 2.79% | 2.90% | 2.67% | 2.47% | 1.40% | 1.76% | 1.61% | 1.84% | 1.21% |
| DIIs | 17.24% | 16.61% | 16.87% | 17.97% | 19.10% | 20.47% | 20.72% | 21.72% | 21.41% | 20.59% | 19.61% | 19.97% |
| Public | 25.12% | 25.79% | 25.62% | 23.60% | 22.37% | 21.22% | 21.18% | 21.26% | 21.23% | 22.19% | 22.95% | 23.28% |
| No. of Shareholders | 25,456 | 26,121 | 26,855 | 25,190 | 24,066 | 23,321 | 24,104 | 20,243 | 21,237 | 22,694 | 24,076 | 24,293 |
Fundamentals
Market Cap₹ 3,830 Cr.
Current Price₹ 4,427
Stock P/E34.8
Book Value₹ 1,268
ROCE13.8 %
ROE10.1 %
Dividend Yield0.56 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)-5%
Standalone figures.
Valuation
Market capRs 3,755 Cr
Enterprise valueRs 3,707 Cr
P/E (TTM)34.08x
Price to book3.42x
Price to sales2.95x
EV / EBITDA21.16x
EV / EBIT24.60x
EV / sales2.92x
Price to cash flow28.53x
Earnings yield2.93%
Dividend yield0.58%
P/E, 3-year average32.59x
P/B, 3-year average3.39x
P/E, 5-year average27.99x
P/B, 5-year average3.06x
Profitability
Operating margin (excl. other income)13.43%
Operating margin (incl. other income)13.76%
EBITDA margin13.78%
Pre-tax margin11.70%
Net profit margin8.67%
Net margin, latest quarter15.55%
ROE10.09%
ROCE13.79%
ROA8.11%
ROE, 3-year average11.26%
ROCE, 3-year average14.90%
ROA, 3-year average8.88%
ROE, 5-year average11.91%
ROCE, 5-year average15.91%
ROA, 5-year average9.27%
ROIC (approx.)10.66%
Tax rate25.80%
Other income / net worth0.37%
Growth
Sales growth (latest year)24.72%
Profit growth (latest year)12.22%
Sales CAGR, 3 years7.21%
Sales CAGR, 5 years10.17%
Profit CAGR, 3 years4.70%
Profit CAGR, 5 years3.15%
Sales growth QoQ-4.58%
Profit growth QoQ821.17%
Sales growth YoY (latest quarter)10.96%
Profit growth YoY (latest quarter)9.36%
Per share
EPS (TTM)Rs 127.32
EPS (latest year)Rs 122.50
EPS (latest quarter)Rs 56.32
EPS, 3-year averageRs 124.14
EPS, 5-year averageRs 118.86
Book value per shareRs 1,268.19
Sales per shareRs 1,469.25
Cash flow per shareRs 152.10
Free cash flow per shareRs 121.35
Dividend per share (latest year)Rs 24.99
Dividend per share, 3-year averageRs 21.66
Dividend per share, 5-year averageRs 22.00
Dividends
Dividend payout20.40%
Dividend payout, 3-year average17.64%
Dividend payout, 5-year average18.74%
Efficiency
Asset turnover0.92x
Fixed asset turnover5.35x
Inventory turnover7.08x
Inventory days52 days
Debtor days51 days
Debtors turnover7.22x
Creditor days43 days
Cash conversion cycle60 days
Working capital days64 days
Leverage
Total debtRs 2 Cr
Cash and bankRs 50 Cr
Net debtRs -48 Cr
Debt to equity0.00x
Net debt / EBITDA-0.27x
Interest coverage76.50x
Current ratio (filing 2026-03-31)5.63x
Quick ratio (filing 2026-03-31)4.98x
Trade payables (filing 2026-03-31)Rs 101 Cr
Owners' fund to total sources81.44%
Debt to assets0.14%
Cash flow
Cash from Operating Activity (latest year)Rs 132 Cr
Cash from Investing Activity (latest year)Rs -136 Cr
Cash from Financing Activity (latest year)Rs -20 Cr
Net Cash Flow (latest year)Rs -24 Cr
Free cash flow (latest year)Rs 105 Cr
FCFE (approx.: FCF + change in debt)Rs 105 Cr
Cash from ops / profit, 5 years0.82x
Sales to cash flow9.42x
Statement figures
Net sales (TTM)Rs 1,271 Cr
Net sales (latest year)Rs 1,240 Cr
Sales (latest quarter)Rs 313 Cr
Operating profit excl. other income (latest year)Rs 167 Cr
Operating profit (latest quarter)Rs 40 Cr
Other income (TTM)Rs 7 Cr
EBITDA (TTM)Rs 175 Cr
PBDT (TTM)Rs 173 Cr
Profit before tax (TTM)Rs 149 Cr
Tax (latest year)Rs 37 Cr
Net profit (TTM)Rs 110 Cr
Net profit (latest year)Rs 106 Cr
Net profit (latest quarter)Rs 49 Cr
Depreciation (TTM)Rs 25 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 873 Cr
Total expenditure (latest year)Rs 1,074 Cr
Total income (latest year)Rs 1,244 Cr
Share capitalRs 9 Cr
ReservesRs 1,089 Cr
Shareholders' fundsRs 1,097 Cr
Total assetsRs 1,347 Cr
Net blockRs 232 Cr
Capital work in progressRs 18 Cr
InvestmentsRs 634 Cr
ReceivablesRs 172 Cr
InventoryRs 123 Cr
Other liabilitiesRs 248 Cr
Shares outstanding (crore)0.87
Ownership
Promoter holding55.55% (-0.06 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 34.1 is at the 69th percentile of its own 9.4-year range
(median 27.5, low 9.8, high 92.4).
P/B 3.42 is at the 52th percentile (median 3.35).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | VSTTILLERS | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -3.9% | -2.8% | -1.1 pts |
| 1 month | +3.1% | -6.8% | +9.9 pts |
| 3 months | -4.5% | -7.6% | +3.1 pts |
| 6 months | -9.7% | +0.4% | -10.1 pts |
| 1 year | -14.3% | -9.9% | -4.4 pts |
| 2 years | -6.1% | -13.6% | +7.4 pts |
| 3 years | +18.7% | +14.2% | +4.6 pts |
| 5 years | +46.5% | +27.9% | +18.6 pts |
11 mutual fund schemes hold about ₹630 Cr.
Over three months 0 bought more and 1 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Nippon India Small Cap Fund | 0.27% | 219 | -4% |
| Kotak Small Cap Fund | 1.00% | 196 | -4% |
| Kotak Infra & Eco Reform Fund | 2.25% | 56 | -1% |
| Kotak Infra & Eco Reform Fund | 2.25% | 55 | -1% |
| Kotak Consumption Fund | 1.39% | 24 | +0% |
| Kotak Aggressive Hybrid Fund | 0.25% | 23 | -3% |
| Kotak Rural Opportunities Fund | 2.77% | 21 | +4% |
| Kotak Multi Asset Allocation Fund | 0.10% | 16 | -5% |
| Kotak Transportation & Logistics Fund | 2.18% | 12 | -4% |
| Kotak Conservative Hybrid Fund(M | 0.31% | 9 | +3% |
| Motilal Oswal BSE 1000 Index Fund | 0.01% | 0 | +5% |
Red flags
F-score 7 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹313 Cr +11.0% vs Jun 2025.
Net profit ₹49 Cr +8.9%.
Against our estimate for Jun 2026: sales -12.0%, profit +54.7% beat. Our estimate for Sep 2026: sales Rs 346 Cr, profit Rs 31 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Escorts Kubota Ltd | 30,276 | 21.3 | 13.9 % |
| Gurunanak Agriculture India Ltd | 42 | 6.92 | 27.3 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-09-16 | Dividend - Rs 25 Per Share | |
| 2025-09-03 | Dividend - Rs 20 Per Share | |
| 2024-09-12 | Annual General Meeting/Dividend - Rs 20 Per Share | |
| 2023-08-25 | Annual General Meeting/Dividend - Rs 25 Per Share | |
| 2022-08-11 | Annual General Meeting/Dividend - Rs 20 Per Share | |
| 2021-08-18 | Annual General Meeting/Dividend - Rs 20 Per Share | |
| 2020-09-16 | Annual General Meeting | |
| 2020-03-23 | Interim Dividend - Rs 15 Per Share | |
| 2019-08-01 | Annual General Meeting/Dividend - Rs 15 Per Share | |
| 2018-08-02 | Annual General Meeting/Final Dividend- Rs 15 Per Share/ Special Dividend- 35 Per Share | |
| 2017-08-03 | Annual General Meeting/Dividend- Rs 15 Per Share | |
| 2016-08-19 | Annual General Meeting | |
| 2016-03-21 | Interim Dividend - Rs 15/- Per Share (Purpose Revised) | |
| 2015-08-03 | Annual General Meeting/Dividend - Rs 15/- Per Share | |
| 2014-08-07 | Annual General Meeting / Final Dividend - Rs 15/- Per Share | |
| 2013-08-07 | Annual General Meeting / Final Dividend - Rs 9/- Per Share | |
| 2012-08-07 | Annual General Meeting/ Dividend Rs 9 Per Share | |
| 2011-08-03 | Annual General Meeting And Dividend Rs.9/- Per Share |
| Date | Type | What it says |
|---|---|---|
| 2026-10-01 | Monthly update | Monthly Business Updates for the month of September 2026 |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of VST Tillers Tractors Ltd?
VST Tillers Tractors Ltd (VSTTILLERS) has a market capitalisation of Rs 3,830 Cr. at the 2026-10-01 close.
What is the P/E ratio of VST Tillers Tractors Ltd?
VST Tillers Tractors Ltd trades at a P/E of 34.8 on trailing twelve-month profit, at the 2026-10-01 close.
What were VST Tillers Tractors Ltd's latest quarterly results?
In the Jun 2026 quarter, VST Tillers Tractors Ltd sales was Rs 313 Cr (+11.0% vs Jun 2025) and net profit was Rs 49 Cr.
What is the 52-week high and low of VST Tillers Tractors Ltd?
The 52-week high is Rs 6,374.00 and the 52-week low is Rs 3,950.00.