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VST Tillers Tractors Ltd Stock Analysis

Small Cap
Evaluated by 1425 users | BSE: 531266 | NSE: VSTTILLERS |
Automobiles-Tractors
The VST Group diversified into manufacturing and promoted VST Tillers Tractors, in association and joint venture with the Mitsubishi Group, Japan in 1965. The factory was set up on the outskirts of Bangalore and began with the production of single cylinder diesel engines and power tillers...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
VST Tillers Tractors Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 30.93%26.16%21.22%30.17%20.97%19.27%16.16%17.5%8.64%4.74%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 427531482624552647675763615544
Y-o-Y Gr. Rt.-24.2%-9.2%29.6%-11.6%17.2%4.4%13.1%-19.5%-11.6%
Adjusted EPS (Rs.) 53.2257.45695.6780.285.1583.55109.5257.330.7
Y-o-Y Gr. Rt.-7.9%-2.4%70.8%-16.2%6.2%-1.9%31.1%-47.7%-46.4%
Book Value per Share (Rs.) 189.09236.42282.11360.56420.09485.57578.76690.28682.79667.76
Adjusted Net Profit 4649.648.482.769.373.672.294.649.526.5
Net Op. Cash Flow (Rs. Cr.) 52.2-9.649.91312685.286.533.443.272.3
Debt to Cash Flow from Ops 0-1.6700000000
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
VST Tillers Tractors Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 2.7%-0.3%-7%-11.6%
Adjusted EPS -5.9%-17.5%-28.4%-46.4%
Book Value per Share 15.19.74.9-2.2
Share Price 18.2% 6.8% -9.2% 43%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 31.6126.8821.5429.720.5118.7815.6917.268.354.55
Operating Profit Margin (%) 16.4513.7615.0119.0818.1917.4915.0115.78.985.59
Net Profit Margin (%) 10.769.3410.0513.2412.5611.3810.6912.398.054.88
Debt to Equity 00.0800000000
Working Capital Days 109119159124145130132143193198
Cash Conversion Cycle 5675114799895878310899
Entity Percentage Holding
Promoters 54.77%
Institutions 19.32%
Non-Institutions 25.91%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of VST Tillers Tractors Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that VST Tillers Tractors Ltd is a average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of VST Tillers Tractors Ltd's performance infers:

VST Tillers Tractors Ltd earnings have declined by -17.5%, whereas share price has appreciated 6.8% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of VST Tillers Tractors Ltd share prices over the last 10 years. Here is what we found out:

VST Tillers Tractors Ltd share price has appreciated 15.8% annually over the past ten years.

The VST Group diversified into manufacturing and promoted VST Tillers Tractors, in association and joint venture with the Mitsubishi Group, Japan in 1965. The factory was set up on the outskirts of Bangalore and began with the production of single cylinder diesel engines and power tillers (2-wheeled tractors).

Way back in 1920 the VST Group made a humble start by dealing in petroleum products. Using this strong base, the Group quickly diversified into automotive marketing and after-sales

The VST Group diversified into manufacturing and promoted VST Tillers Tractors, in association and joint venture with the Mitsubishi Group, Japan in 1965. The factory was set up on the outskirts of Bangalore and began with the production of single cylinder diesel engines and power tillers (2-wheeled tractors).

Way back in 1920 the VST Group made a humble start by dealing in petroleum products. Using this strong base, the Group quickly diversified into automotive marketing and after-sales service. From this activity grew the network of the organization throughout the southern states of Karnataka and Tamil Nadu.

In 1984, VST Tillers Tractors entered into an additional technical and financial collaboration again with the Mitsubishis, Japan, for manufacture of compact four wheel drive tractor with rotary.

The tradition and culture of the VST Group continues in this company in spite of it having adopted new management techniques to face global challenges.

Consequent to its long and close association with the Mitsubishi Group of Companies, VST Tillers Tractors Ltd., has effectively absorbed the latest technology and work culture. This has resulted in the company's achievement in perfecting every product it manufactures, meeting even the most exacting requirements of the customer.

Over the years, VST Tillers Tractors Ltd., has established an extensive and efficient countrywide sales and after-sales service network backed by easy availability of spare parts. Periodic training programmes for dealers and customers are taken up to keep them constantly updated on improvements in its products.

Keeping in line with India's liberalised economic policies and guided by the conviction that quality products are marketable world wide, VST Tillers Tractors Ltd., has successfully launched global marketing of its products. It is marketing diesel wngines, power tillers and tractors to regions of Asia, Middle East, Africa, Europe and United States of America.

Products range of the company includes:

  • Tillers
  • Tractors
  • Diesel Engines

Different divisions of the company:

  • Bangalore Division -- Manufacturers of Mitsubishi Shakti Power Tillers, Tractors and Diesel Engines
  • Hosur Division -- Manufacturers of Mitsubishi Shakti Power Tillers  and Diesel Engines
  • Precision Components Division, Mysore -- Manufacturer of Diesel Engine components and Precision Custom made auto components
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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