Is VST Industries Ltd (VSTIND) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that VST Industries Ltd is a good quality company .

Is VST Industries Ltd (VSTIND) undervalued or overvalued?

The key valuation ratios of VST Industries Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone .

What is VST Industries Ltd (VSTIND) share price return in the past 10 years?

VST Industries Ltd share price has appreciated 5.1% annually (CAGR) over the past ten years.

Is VST Industries Ltd (VSTIND) a good buy now?

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

What is the share price of VST Industries Ltd (VSTIND)?

Company share prices are keep on changing according to the market conditions. The current trading price of VST Industries Ltd (VSTIND) on 05-May-2026 10:10:00 at 10:10 is 257.30.

What is the P/E ratio of VST Industries?

The latest standalone P/E ratio of VST Industries as of 05-May-2026 is 15.02.

What is the P/B ratio of VST Industries Ltd (VSTIND)?

The latest standalone P/B ratio of VST Industries Ltd (VSTIND) as of 05-May-2026 is 3.04.

What is the 52-week high and low of VST Industries Ltd (VSTIND)?

The 52-week high of VST Industries Ltd (VSTIND) is Rs. 318.95 and the 52-week low is Rs. 199.70.

VST Industries Ltd (VSTIND) Share Analysis – Brand Strength, Quality & Valuation Zone & DeciZen Rating

Name: VST Industries Ltd (VSTIND)
Brand: VST Industries

VST Industries Ltd (VSTIND) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

VST Industries Ltd (VSTIND)

BSE: 509966 NSE: VSTIND

Key Metrics

Market Cap

₹4,389 Cr.

P/E Ratio

15.02

Price to Book (P/B)

3.04

Price to Sales (P/S)

2.15

EV/EBITDA

8.87

Return on Capital Employed (ROCE)

28.71%

Current Price

₹257.3

Return on Equity (ROE)

22.60%

Return on Assets (ROA)

16.58%

Operating Profit Margin

19.9%

Net Profit Margin

20.78%

Gross Profit Margin

17.3%

Book Value per Share

₹85.1

Sales Growth (YoY)

-1.6%

Sales Growth (3 Years)

5.86%

Operating Profit Growth (1 Year)

-21.06%

Operating Profit Growth (3 Years)

-12.18%

Net Profit Growth (1 Year)

-3.71%

52-Week Low / High

₹200 / 319

Net Profit Growth (3 Years)

-3.21%

Dividend Yield

3.81%

Promoter Holding

32.16%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Stock return of VST Industries Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 5.1% based on the current price.

Q.1 Revenue growth of VST Industries Ltd?

VST Industries Ltd revenue growth is -1.6% for FY-2025, which is below its 5-year CAGR of 2.43%, indicating slower growth.

Q.1 Which industry/sub-sector does VST Industries Ltd belong to?

VST Industries Ltd belongs to the FMCG sector, operating specifically within the Cigarettes/Tobacco segment.

Q.1 Promoter shareholding and pledge status of VST Industries Ltd?

Promoters hold 32.16% of the VST Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of VST Industries Ltd vs industry peers?

VST Industries Ltd revenue CAGR is 2.43%, compared to the industry median CAGR of 2.43%, indicating slower growth and losing its market share.

DeciZen - make an informed investing decision on VST Industries

Based on:

Data

Overall Rating ⓘ
Login to view analysis.

1. Quality

2. Valuation

3. Price Trend

VST Industries stock performance

Key Ratios

Is VST Industries Ltd an attractive stock to invest in?

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	63.7%	50.9%	49.9%	56.3%	57.9%	48.3%	42.5%	38.1%	32.5%	28.7%	-
Value Creation Index ⓘ	3.6	2.6	2.6	3.0	3.3	2.6	2.0	1.7	1.4	1.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	883	922	948	1,099	1,239	1,111	1,178	1,292	1,420	1,398	2,042
Sales YoY Gr.	-	4.4%	2.7%	16%	12.8%	-10.4%	6.1%	9.7%	9.9%	-1.6%	-
Adj EPS ⓘ	8.2	8.2	10.1	12.1	16.5	17.1	18.3	17.9	17.6	12.9	17.2
YoY Gr.	-	0%	23%	20.1%	35.8%	3.6%	6.9%	-1.9%	-1.9%	-26.5%	-
BVPS (₹) ⓘ	21.7	31.7	34.3	39.1	46.3	55.4	63.2	69.3	73.5	77.8	85.1
Adj Net Profit ⓘ	140	140	172	206	280	290	310	305	299	220	292
Cash Flow from Ops. ⓘ	132	146	420	290	331	286	277	181	167	193	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	5.2%	2.4%	5.9%	-1.6%
Adj EPS ⓘ	5.2%	-4.8%	-10.9%	-26.5%
BVPSⓘ	15.3%	10.9%	7.2%	5.8%
Share Price	5.1%	-2.2%	-4.7%	-10.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	39	30.7	30.6	33.1	38.6	33.6	30.8	27	24.6	17.1	21.1
Op. Profit Mgn % ⓘ	26.9	26.9	31	32.1	33.5	37	34.9	29.6	24.9	20	22
Net Profit Mgn % ⓘ	15.8	15.1	18.1	18.8	22.6	26.1	26.3	23.6	21	15.7	14.3
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	72	62	96	109	97	90	85	90	100	116	113
Cash Conv. Cycle ⓘ	26	25	51	54	30	10	23	36	51	65	66

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	17.2	3.7
TTM Sales (₹ Cr.)	2,042	471
BVPS (₹) ⓘ	85.1	0
Reserves (₹ Cr.) ⓘ	1,276	231
P/BV ⓘ	3.04	0.00
PE ⓘ	15.02	70.78

From the Market
52 Week Low / High (₹)	199.70 / 318.95
All Time Low / High (₹)	4.52 / 486.70
Market Cap (₹ Cr.)	4,389
Equity (₹ Cr.)	169.9
Face Value (₹)	10
Industry PE ⓘ	19.8

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of VST Industries - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	883	922	948	1,099	1,239	1,111	1,178	1,292	1,420	1,398
Operating Expenses ⓘ +	646	675	654	746	825	701	767	910	1,067	1,119
Manufacturing Costs	11	13	14	17	18	27	28	30	29	36
Material Costs	435	468	470	550	599	479	514	621	755	797
Employee Cost	80	90	89	92	102	115	116	120	130	138
Other Costs ⓘ	119	104	80	87	105	80	108	139	154	148
Operating Profit ⓘ	237	248	294	353	415	410	412	383	353	279
Operating Profit Margin (%)	26.9%	26.9%	31.0%	32.1%	33.5%	36.9%	34.9%	29.6%	24.9%	19.9%
Other Income ⓘ +	20	20	25	39	47	42	47	76	80	35
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	100
Interest ⓘ	0	0	0	0	0	0	0	0	0	0
Depreciation ⓘ	31	37	39	41	42	35	30	30	38	44
Profit Before Tax ⓘ	227	231	279	351	420	417	428	429	395	370
Tax ⓘ	73	79	98	124	116	107	108	102	93	79
Profit After Tax	153	152	182	227	304	311	320	327	302	290
PAT Margin (%)	17.3%	16.4%	19.2%	20.6%	24.5%	28.0%	27.2%	25.3%	21.2%	20.8%
Adjusted EPS (₹)	9.0	8.9	10.7	13.4	17.9	18.3	18.9	19.3	17.8	17.1
Dividend Payout Ratio (%)	70.60%	76.40%	65.80%	64.70%	52.30%	56.60%	67.50%	70.80%	76.80%	58.50%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	370	539	582	664	787	940	1,073	1,177	1,249	1,321
Share Capital ⓘ	15	15	15	15	15	15	15	15	15	170
Reserves ⓘ	355	524	567	649	772	925	1,058	1,162	1,234	1,151
Debt +	0	0	0	0	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	65	56	58	83	143	110	103	97	118	127
Others Liabilities ⓘ	371	180	399	427	441	410	392	362	338	350
Total Liabilities ⓘ	806	775	1,039	1,174	1,371	1,461	1,569	1,636	1,705	1,798
Fixed Assets
Net Fixed Assets ⓘ +	174	220	195	213	187	173	195	590	268	307
Gross Block	442	257	270	330	344	364	416	842	545	625
Accumulated Depreciation	268	37	75	116	157	192	221	252	277	318
CWIP ⓘ	41	1	34	0	13	33	10	0	47	1
Investments ⓘ	162	174	416	575	753	887	971	577	447	532
Inventories	377	329	253	282	298	297	296	349	455	485
Trade Receivables	12	12	27	14	15	15	33	43	46	64
Cash Equivalents	21	20	38	37	37	21	15	20	35	18
Others Assets ⓘ	19	19	76	52	67	34	49	56	406	392
Total Assets ⓘ	806	775	1,039	1,174	1,371	1,461	1,569	1,636	1,705	1,798

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	132	146	420	290	331	286	277	181	167	193
PBT ⓘ	227	231	279	351	420	417	428	429	395	370
Adjustment ⓘ	12	18	16	5	-4	-6	-14	-42	-38	-83
Changes in Working Capital ⓘ	-41	-25	226	63	21	-18	-31	-111	-99	-5
Tax Paid ⓘ	-65	-78	-101	-129	-105	-107	-106	-94	-91	-87
Cash Flow From Investing Activity ⓘ +	-24	-18	-264	-148	-155	-144	-96	47	79	10
Capex	-52	-45	-43	-26	-22	-46	-48	-404	-92	61
Net Investments	28	27	-221	-122	-133	-98	-56	431	156	-66
Others ⓘ	0	0	0	0	0	0	8	19	15	15
Cash Flow From Financing Activity ⓘ +	-130	-130	-139	-144	-177	-159	-187	-224	-231	-221
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	-11	-8	0	9
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	-130	-130	-139	-144	-177	-159	-176	-215	-231	-231
Others ⓘ	0	0	0	0	0	0	-0	0	0	0
Net Cash Flow ⓘ	-22	-2	17	-2	-0	-17	-5	5	16	-18

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	43.02	33.42	32.45	36.41	41.91	35.98	31.8	29.06	24.86	22.6
ROCE (%)	63.66	50.93	49.86	56.28	57.92	48.31	42.51	38.06	32.46	28.71
Asset Turnover Ratio	2.55	2.86	1.5	1.07	1.08	1.04	1.03	1.04	1.1	1.03
PAT to CFO Conversion(x)	0.86	0.96	2.31	1.28	1.09	0.92	0.87	0.55	0.55	0.67
Working Capital Days
Receivable Days	2.20	2	5.30	6.40	4	3.80	5.70	8.40	8.90	11.10
Inventory Days	65.70	57	78.20	82.40	77.20	73.70	69.30	70.40	79.90	94.80
Payable Days	59.60	47	44.30	46.80	68.90	96.30	75.80	58.80	52	56.20

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

VST Industries Ltd FAQs

The current trading price of VST Industries on 05-May-2026 10:10 is ₹257.3.

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 04-May-2026 the market cap of VST Industries stood at ₹4,389.2 Cr

The latest P/E ratio of VST Industries as of 04-May-2026 is 15.02.

The latest P/B ratio of VST Industries as of 04-May-2026 is 3.04.

The 52-week high of VST Industries is ₹318.9 and the 52-week low is ₹199.7.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of VST Industries is ₹2,042 ( Cr.) .

About VST Industries Ltd

VST Industries Ltd. is an India-based company, which is engaged in manufacture of cigarettes containing tobacco and unmanufactured tobacco.The Vazir Sultan Tobacco Company Limited was incorporated on November 10, 1930, under the Hyderabad Companies Act No. IV of 1320 Fasli and now governed under the Companies Act, 1956/2013. The name of the Company was subsequently changed to VST Industries Limited on 30th April, 1983. The Company has its Registered Office at Azamabad, Hyderabad. The Company’s shares are listed on BSE Limited and National Stock Exchange of India Limited.

Business area of the company

The Company has a manufacturing facility at Hyderabad and Toopran (Telangana) and its principal activities are manufacture & sale of cigarettes and unmanufactured tobacco.

Brands of the company

SHAH-I-DECCAN
GOLD RESERVE
GOLD PREMIUM
CHARMINAR
START UP
MOMENTS
CHARMS
THINK
VIJAY
SHAAN
XL

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

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

VST Industries Ltd (VSTIND) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

VST Industries Share Price