V.S.T. Tillers Tractors Ltd - Stock Valuation and Financial Performance

BSE: 531266 | NSE: VSTTILLERS | Automobiles-Tractors | Small Cap

VST Tillers Tractors Share Price

4,096.70 -28.35 -0.69%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on VST Tillers Tractors

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

V.S.T. Tillers Tractors stock performance -

mw4me loader
P/E Ratio (SA):
29.10
Market Cap:
3,536.1 Cr.
52-wk low:
2,900
52-wk high:
4,395

Is V.S.T. Tillers Tractors Ltd an attractive stock to invest in?

1. Is V.S.T. Tillers Tractors Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that V.S.T. Tillers Tractors Ltd is a average quality company.

2. Is V.S.T. Tillers Tractors Ltd undervalued or overvalued?

The key valuation ratios of V.S.T. Tillers Tractors Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is V.S.T. Tillers Tractors Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of V.S.T. Tillers Tractors Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of VST Tillers Tractors:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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.
V.S.T. 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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 30.2%21%19.3%16.2%17.5%8.6%4.7%11.5%12.1%10.6%-
Value Creation
Index
1.20.50.40.20.3-0.4-0.7-0.2-0.1-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6245526476757636155447648541,006968
Sales YoY Gr.--11.6%17.2%4.4%13.1%-19.5%-11.6%40.6%11.7%17.9%-
Adj EPS 95.780.285.283.6109.557.330.781.598.394.5140.6
YoY Gr.--16.2%6.2%-1.9%31.1%-47.7%-46.4%165.3%20.6%-3.8%-
BVPS (₹) 360.6420.1485.6578.8690.3682.8667.8772.7867.6954.31,069.6
Adj Net
Profit
82.769.373.672.294.649.526.570.484.981.7122
Cash Flow from Ops. 1312685.286.533.443.272.315512536.4-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.5%5.7%22.8%17.9%
Adj EPS -0.1%-2.9%45.5%-3.8%
BVPS11.4%6.7%12.6%10%
Share Price 8.5% 27.2% 26.8% 40.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
29.720.518.815.717.38.44.611.31210.413.9
Op. Profit
Mgn %
19.118.217.51515.795.612.114.612.712.8
Net Profit
Mgn %
13.212.611.410.712.48.14.99.29.98.112.6
Debt to
Equity
00000000000
Working Cap
Days
124145130132143193198127104104130
Cash Conv.
Cycle
799895878310899483129100

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.90%

Sales growth is growing at healthy rate in last 3 years 22.79%

Net Profit is growing at healthy rate in last 3 years 45.47%

Sales growth is not so good in last 4 quarters at -3.11%

Latest Financials - V.S.T. Tillers Tractors Ltd.

Standalone Consolidated
TTM EPS (₹) 140.6 -
TTM Sales (₹ Cr.) 968 -
BVPS (₹.) 1,069.6 -
Reserves (₹ Cr.) 915 -
P/BV 3.83 -
PE 29.10 -
From the Market
52 Week Low / High (₹) 2899.95 / 4395.00
All Time Low / High (₹) 6.83 / 4395.00
Market Cap (₹ Cr.) 3,536
Equity (₹ Cr.) 8.6
Face Value (₹) 10
Industry PE 40.4

Management X-Ray of VST Tillers Tractors:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of VST Tillers Tractors

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales6245526476757636155447648541,006
Operating Expenses 505451534574644570526672729879
Manufacturing Costs14121313171715131618
Material Costs411357421446494407372509578705
Employee Cost 36414556696668827179
Other Costs 44425559648070686576
Operating Profit 119100113101120451792125128
Operating Profit Margin (%) 19.1%18.2%17.5%15.0%15.7%7.3%3.2%12.1%14.6%12.7%
Other Income 9121226454524463425
Interest 2233222222
Depreciation 491312111616172527
Exceptional Items 0003000000
Profit Before Tax 1221011101161527223119132124
Tax 3931363340255283332
Profit After Tax 837074831124618919992
PAT Margin (%) 13.3%12.6%11.5%12.2%14.7%7.5%3.3%11.9%11.6%9.2%
Adjusted EPS (₹)96.080.585.895.7129.653.320.8105.1115.0106.9
Dividend Payout Ratio (%)16%19%17%0%39%28%72%19%17%23%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 312364420500596590577668750824
Share Capital 9999999999
Reserves 304355411491588581568659741816
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables681732366234588382131
Others Liabilities 9092819512812494134134136
Total Liabilities 4704725336317867487298859661,091

Fixed Assets

Gross Block164185189200214273288346381400
Accumulated Depreciation405062737890104120137160
Net Fixed Assets124135127127136183184226244240
CWIP 02310573548251214
Investments 10695136188204165156312414430
Inventories87100807178124102107101108
Trade Receivables1029412413218696968268149
Cash Equivalents 23182837171926323128
Others Assets2828356710812611610097122
Total Assets 4704725336317867487298859661,091

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 13126858733437215512536
PBT 1221011101161527223119132124
Adjustment -124-10-30-717-16-112
Changes in Working Capital 51-451018-5513427729-69
Tax Paid -41-32-39-38-35-34-10-25-35-30
Cash Flow From Investing Activity -131-13-43-75-3611-33-148-110-32
Capex -37-23-8-32-67-45-34-28-29-24
Net Investments -10211-41-39432-4-127-85-13
Others 8-17-327245746
Cash Flow From Financing Activity -11-17-34-3-17-54-33-2-19-19
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -2-2-3-3-1-2-1-2-1-1
Dividend Paid -8-13-260-13-43-260-17-17
Others -1-2-50-3-9-50-1-1
Net Cash Flow -10-499-19076-4-14
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)29.8720.6118.9517.9920.437.773.0914.5914.0211.74
ROCE (%)44.5930.4828.8325.8828.1112.484.2419.4718.8816
Asset Turnover Ratio1.551.171.291.161.080.830.7710.971.02
PAT to CFO Conversion(x)1.580.371.151.050.290.9341.71.260.39
Working Capital Days
Receivable Days58656169768162403138
Inventory Days49625141365872484236
Payable Days34372128364345505255

V.S.T. Tillers Tractors Ltd Stock News

V.S.T. Tillers Tractors Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of VST Tillers Tractors on 12-Jul-2024 16:01 is ₹4,096.7.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Jul-2024 16:01 the market cap of VST Tillers Tractors stood at ₹3,536.1.
The latest P/E ratio of VST Tillers Tractors as of 12-Jul-2024 16:01 is 29.10.
The latest P/B ratio of VST Tillers Tractors as of 12-Jul-2024 16:01 is 3.83.
The 52-week high of VST Tillers Tractors is ₹4,395 and the 52-week low is ₹2,900.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of VST Tillers Tractors is ₹968.0 ( Cr.) .

About V.S.T. Tillers Tractors Ltd

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
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