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VST Industries

VSTIND NSE
₹189.81 +2.54 (+1.36%)
P/E
11.57
View as Markdown
MCP
Close 4 Nov 2026 ₹189.81 −67.69 −26.3% 1Y
Start ₹257.50

Key Fundamentals

MicrocapCigarettes & Tobacco ProductsFMCG

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
28.10%
Debt to Equity
0.00
EPS (TTM)
₹16.41
Book Value
₹78.07
Market Cap
—
P/E (TTM)
11.57
P/B
2.43
ROE
21.00%
Dividend Yield
6.41%
EBITDA
₹491 Cr
52W High
₹286.78
52W Low
₹184.11
Day Range
₹185.89 – ₹189.99
Volume
1,15,660

Peer Comparison

Fast Moving Consumer Goods › Consumer Goods › Cigarettes & Tobacco › Cigarettes & Tobacco Products

VST Industries peer comparison
Godfrey Phillips
₹1,774.7020.23₹28,109 Cr4.462.88%23.40%30.20%₹6,110 Cr₹1,367 Cr
VST Industries (this company)
₹189.8111.57₹3,215 Cr2.436.41%21.00%28.10%₹1,423 Cr₹278 Cr
Sinnar Bidi Udyog
₹588.65—₹24 Cr5.530.00%−4.39%−4.62%₹5 Cr₹0 Cr
Shanthala FMCG Products
₹11.15—₹8 Cr0.440.00%4.36%5.98%——
Raghunath International
₹9.804.50₹5 Cr0.280.00%6.29%7.84%₹1 Cr₹1 Cr
Median 5 companies₹189.8111.57₹24 Cr2.430.00%6.29%7.84%₹714 Cr₹140 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 2 companies are not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

52 Average

Data confidence 98/100

Category scores

Quality
78
Strong
Returns, margins, earnings quality 22% weight
Valuation
72
Strong
Cheap vs sector & own history 24% weight
Growth
39
Weak
Sales & profit trajectory 9% weight
Financial Health
71
Strong
Solvency, leverage, coverage 9% weight
Momentum
14
Poor
Trend strength, vol-adjusted 12% weight
Ownership
18
Poor
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 68.4%

Weaknesses

2
  • The company has delivered a poor sales growth of 5.68% over past five years.
  • Promoter holding is low: 32.2%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1252
OscillatorsNeutral252
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
30.69
Neutral
MACD (12,26,9)
−4.62
Bearish
SMA (50)
202.47
Bearish
SMA (200)
230.30
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+5.19%
5Y+5.69%
3Y+4.28%
1Y+4.79%
TTM+3.49%

Net profit

Net profit growth by window
10Y+6.68%
5Y−1.25%
3Y−3.70%
1Y+0.69%
TTM−5.12%

Operating cash flow

Operating cash flow growth by window
10Y+5.14%
5Y−5.29%
3Y+6.40%
1Y+12.95%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+3.88 pp
5Y−6.27 pp
3Y+1.08 pp
1Y+10.76 pp
TTM+9.15 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹922 Cr
Mar 2018₹948 Cr
Mar 2019₹1,099 Cr
Mar 2020₹1,239 Cr
Mar 2021₹1,111 Cr
Mar 2022₹1,178 Cr
Mar 2023₹1,292 Cr
Mar 2024₹1,420 Cr
Mar 2025₹1,398 Cr
Mar 2026₹1,465 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹152 Cr
Mar 2018₹182 Cr
Mar 2019₹227 Cr
Mar 2020₹304 Cr
Mar 2021₹311 Cr
Mar 2022₹320 Cr
Mar 2023₹327 Cr
Mar 2024₹302 Cr
Mar 2025₹290 Cr
Mar 2026₹292 Cr

Quarterly Results

₹ Cr
VSTIND quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
333
350
363
375
321
360
367
349
298
336
373
457
256
Expenses
228
271
290
278
248
292
299
280
221
258
288
249
207
Operating Profit
105
79
72
97
73
68
68
70
77
79
86
208
50
OPM %
32%
23%
20%
26%
23%
19%
19%
20%
26%
23%
23%
46%
19%
Other Income
12
29
9
30
9
8
108
10
11
12
9
9
20
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
8
9
10
11
10
11
11
12
12
12
14
63
11
PBT
109
99
71
115
72
65
166
67
76
78
81
155
58
Tax %
23%
23%
24%
23%
26%
26%
18%
21%
26%
24%
26%
24%
27%
Net Profit
84
76
54
88
54
48
136
53
56
59
60
117
42
EPS (₹)
4.93
4.47
3.16
5.19
3.15
2.8
8.02
3.12
3.3
3.49
3.55
6.87
2.5

Profit & Loss

₹ Cr
VSTIND profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
836
883
922
948
1,099
1,239
1,111
1,178
1,292
1,420
1,398
1,465
1,423
Expenses
594
646
675
654
746
825
700
767
910
1,067
1,119
1,015
1,000
Operating Profit
243
237
248
294
353
415
411
412
383
353
279
450
423
OPM %
29%
27%
27%
31%
32%
33%
37%
35%
30%
25%
20%
31%
30%
Other Income
18
20
20
25
39
47
42
47
76
80
135
41
50
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
32
31
37
39
41
42
35
30
30
38
44
101
101
PBT
229
227
231
279
351
420
417
428
429
395
370
390
372
Tax %
33%
32%
34%
35%
35%
28%
26%
25%
24%
24%
21%
25%
—
Net Profit
152
153
152
182
227
304
311
320
327
302
290
292
279
EPS (₹)
8.96
9.01
8.92
10.71
13.35
17.9
18.29
18.85
19.25
17.75
17.1
17.21
16.41
Div. Payout %
71%
71%
76%
66%
65%
52%
57%
68%
71%
77%
58%
70%
—

Balance Sheet

₹ Cr
VSTIND balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
15
15
15
15
15
15
15
15
15
15
170
170
Reserves
331
355
524
567
649
772
925
1,059
1,164
1,237
1,153
1,276
Borrowings
0
0
0
0
0
0
0
0
0
0
0
0
Other Liabilities
479
457
259
482
541
610
545
516
474
468
493
570
Total Liabilities
826
827
798
1,064
1,205
1,397
1,486
1,591
1,654
1,720
1,816
2,016
Fixed Assets
198
174
220
195
213
187
173
195
590
268
307
244
CWIP
0
41
1
34
0
13
33
10
0
47
1
0
Investments
171
162
174
416
575
753
887
971
577
447
532
559
Other Assets
457
450
403
419
416
444
393
415
486
958
976
1,213
Total Assets
826
827
798
1,064
1,205
1,397
1,486
1,591
1,654
1,720
1,816
2,016

Cash Flow

₹ Cr
VSTIND cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
118
132
146
420
290
331
286
277
181
167
193
218
Investing
3
−24
−18
−264
−148
−155
−144
−96
47
79
10
−31
Financing
−126
−130
−130
−139
−144
−177
−159
−187
−224
−231
−221
−170
Net Cash Flow
−6
−22
−2
17
−2
0
−17
−5
5
16
−18
17
Free Cash Flow
94
80
101
377
264
310
240
229
−222
75
255
176
CFO/OP
81
83
90
177
119
105
96
93
72
73
101
76

Ratios

VSTIND financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
5
5
5
11
5
5
5
10
12
12
17
12
Inventory Days
336
316
257
196
187
182
226
210
205
220
222
359
Days Payable
71
54
44
45
55
87
84
74
57
57
58
66
Cash Conversion Cycle
270
267
218
162
137
99
148
147
161
175
180
305
Working Capital Days
−32
−18
43
−44
−58
−63
−58
−42
−4
118
122
146
ROCE %
65%
58%
51%
50%
56%
58%
48%
42%
38%
32%
21%
28%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view VST Industries insights

61 extracted metrics across FY06–FY27.

Shareholding Pattern

As of Sep 2026

  • Others 33.41%
  • Promoters 32.16%
  • Public 27.27%
  • DIIs 5.91%
  • FIIs 1.25%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about VST Industries

What does VST Industries Ltd do?
VST Industries is engaged inter-alia in manufacture and trading of Cigarettes, Tobacco and Tobacco products.
Where is VST Industries Ltd (VSTIND) listed?
VST Industries Ltd trades as VSTIND on the NSE and under code 509966 on the BSE.
Which sector does VST Industries Ltd belong to?
VST Industries Ltd is classified under the Consumer Goods sector, in the Cigarettes & Tobacco industry.
What is the PE ratio of VST Industries Ltd?
VST Industries Ltd trades at a PE ratio of 11.57 as of 4 Nov 2026, on earnings per share of ₹16.41, against a book value of ₹78.07 per share.
What is the 52-week high and low of VST Industries Ltd?
Over the last 52 weeks VST Industries Ltd has traded between ₹184.11 and ₹286.78 as of 4 Nov 2026.
Does VST Industries Ltd pay dividends?
VST Industries Ltd has a dividend yield of 6.41%.
What is the Return on Equity (ROE) of VST Industries Ltd?
VST Industries Ltd reported a return on equity of 21.00%. Its debt-to-equity ratio is 0.00.

Company Information

VST Industries is engaged inter-alia in manufacture and trading of Cigarettes, Tobacco and Tobacco products.

Website vsthyd.com
CEO Mr. Naresh Kumar Sethi
Employees 696
Listed 5 Sep 2003
Face Value ₹10

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