SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

V.S.T. Tillers Tractors Ltd (VSTTILLERS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531266 NSE: VSTTILLERS Automobiles-Tractors | Small Cap | VST Tillers Tractors Share Price

₹4,598.60 -76.00 (-1.63%)

As on 04-Jun'26 16:59

V.S.T. Tillers Tractors Ltd (VSTTILLERS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531266 NSE: VSTTILLERS Automobiles-Tractors | Small Cap | VST Tillers Tractors Share Price

₹4,598.60 -76.00 (-1.63%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,979 Cr.
Current Price
₹4,598.6
52-Week Low / High
₹3,501 / 6,371
TTM EPS
₹122.5
TTM Sales
₹1,240 Cr.
Book Value per Share
₹1,268.2
P/E Ratio
37.54
Higher than its 5-year historical median
Industry PE
23.5
Price to Book (P/B)
3.63
Higher than its 5-year historical median
Price to Sales (P/S)
3.21
Higher than its 5-year historical median
EV/EBITDA
23.08
Higher than its 5-year historical median
Dividend Yield
0.52%
Profitability Efficiency
Return on Equity (ROE)
9.82%
Outperforms industry median
Return on Capital Employed (ROCE)
12.88%
In line with industry median
Return on Assets (ROA)
7.76%
Operating Profit Margin
11.2%
Net Profit Margin
9.5%
Gross Profit Margin
14%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
2.74%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-10.66%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-22.26%
Asset Quality
Promoter Holding
55.61%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,089 Cr.
Equity
₹8.7 Cr.
Face Value
₹10
All Time Low / High
₹6.83 / 6371.15

V.S.T. Tillers Tractors stock performance

Key Ratios
mw4me loader

Check Before You Invest

Quality

Locked
Login to view analysis.

Valuation

Locked
Login to view analysis.

Price Trend

Locked
Login to view analysis.
Q.1 Is V.S.T. Tillers Tractors Ltd a good quality company?
V.S.T. Tillers Tractors Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does V.S.T. Tillers Tractors Ltd performance compare with that of its Peers?
Q.1 Revenue growth of V.S.T. Tillers Tractors Ltd vs industry peers?
V.S.T. Tillers Tractors Ltd revenue CAGR is 12.84%, compared to the industry median CAGR of 11.23%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of V.S.T. Tillers Tractors Ltd?
Promoters hold 55.61% of the V.S.T. Tillers Tractors Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of V.S.T. Tillers Tractors Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 9.8% based on the current price.

10 Year X-Ray : Login to view analysis.

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 majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 28.8%25.9%28.1%12.5%4.2%19.5%18.9%16%18.1%12.9%-
Value Creation
Index
1.10.91.0-0.1-0.70.40.40.10.3-0.1-

Growth Parameters

Sales 6476757636155447648541,0069689951,240
Sales YoY Gr.-4.4%13.1%-19.5%-11.6%40.6%11.7%17.9%-3.8%2.7%-
Adj EPS 85.283.6109.557.330.781.598.394.798.5105.5122.5
YoY Gr.--1.9%31.1%-47.7%-46.4%165.3%20.6%-3.6%4%7.1%-
BVPS (₹) 485.6578.8690.3682.8667.8772.7867.6954.31,069.31,157.81,268.2
Adj Net
Profit
73.672.294.649.526.570.484.981.885.191.2106
Cash Flow from Ops. 85.286.533.443.272.315512536.448.676.6-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 4.9%12.8%5.2%2.7%
Adj EPS 2.4%28%2.4%7.1%
BVPS10.1%11.6%10.1%8.3%
Share Price 9.5% 16.6% 19.2% 21%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
18.815.717.38.44.611.31210.49.79.510.1
Op. Profit
Mgn %
17.51515.795.612.114.612.712.911.213.4
Net Profit
Mgn %
11.410.712.48.14.99.29.98.18.89.28.5
Debt to
Equity
00000000000
Working Cap
Days
130132143193198127104104132139148
Cash Conv.
Cycle
958783108994831294558119

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales6476757636155447648541,006968995
Operating Expenses + 534574644570526672729879843883
Manufacturing Costs13131717151316181818
Material Costs421446494407372509578705658683
Employee Cost 455669666882717986101
Other Costs 55596480706865768281
Operating Profit 113101120451792125128125111
Operating Profit Margin (%) 17.5%15.0%15.7%7.3%3.2%12.1%14.6%12.7%12.9%11.2%
Other Income + 12264545244634256138
Exceptional Items 0300000000
Interest 3322222232
Depreciation 13121116161725272725
Profit Before Tax 1101161527223119132124156122
Tax 3633402552833323427
Profit After Tax 7483112461891999212294
PAT Margin (%) 11.5%12.3%14.7%7.5%3.3%11.9%11.6%9.2%12.6%9.5%
Adjusted EPS (₹)85.895.7129.653.320.8105.1115.0106.9140.7109.3
Dividend Payout Ratio (%)17.50%0%38.60%28.10%72%19%17.40%23.40%14.20%18.30%

Valuation of VST Tillers Tractors - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 4205005965905776687508249241,001
Share Capital 9999999999
Reserves 411491588581568659741816915992
Debt +0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables323662345883821319999
Others Liabilities 819512812494134134136145168
Total Liabilities 5336317867487298859661,0911,1671,267

Fixed Assets

Net Fixed Assets +127127136183184226244240228219
Gross Block189200214273288346381400415430
Accumulated Depreciation62737890104120137160187211
CWIP 310573548251214510
Investments 136188204165156312414430484525
Inventories807178124102107101108118101
Trade Receivables12413218696968268149155206
Cash Equivalents 28371719263231284775
Others Assets 356710812611610097122130132
Total Assets 5336317867487298859661,0911,1671,267

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 8587334372155125364977
PBT 1101161527223119132124156122
Adjustment 4-10-30-717-16-112-23-3
Changes in Working Capital 1018-5513427729-69-54-21
Tax Paid -39-38-35-34-10-25-35-30-30-21
Cash Flow From Investing Activity + -43-75-3611-33-148-110-329-29
Capex -8-32-67-45-34-28-29-24-7-20
Net Investments -41-39432-4-127-85-1310-13
Others 7-32724574665
Cash Flow From Financing Activity + -34-3-17-54-33-2-19-19-25-20
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -3-3-1-2-1-2-1-1-2-2
Dividend Paid -260-13-43-26-0-17-17-22-17
Others -50-3-9-50-1-1-1-1
Net Cash Flow 99-19076-4-143327

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)18.9517.9920.437.773.0914.5914.0211.7413.99.82
ROCE (%)28.8325.8828.1112.484.2419.4718.881618.112.88
Asset Turnover Ratio1.291.161.080.830.7710.971.020.90.86
PAT to CFO Conversion(x)1.151.050.290.9341.71.260.390.40.82
Working Capital Days
Receivable Days61.306976.1080.9061.7040.5030.5037.7054.6062.70
Inventory Days50.9040.7035.6057.8072.4047.6042.4036.3040.5038
Payable Days20.6028.1036.204345.1050.5052.2055.1063.7052.80

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

V.S.T. Tillers Tractors Ltd FAQs

The current trading price of VST Tillers Tractors on 04-Jun-2026 16:59 is ₹4,598.6.

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 03-Jun-2026 the market cap of VST Tillers Tractors stood at ₹3,979.1 Cr

The latest P/E ratio of VST Tillers Tractors as of 03-Jun-2026 is 37.54.

The latest P/B ratio of VST Tillers Tractors as of 03-Jun-2026 is 3.63.

The 52-week high of VST Tillers Tractors is ₹6,371.2 and the 52-week low is ₹3,500.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of VST Tillers Tractors is ₹1,240 ( Cr.) .

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

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.

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

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
To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×