VST Industries Ltd

₹ 3,340 0.64%

01 Dec 12:20 p.m.

About

VST Industries is engaged inter-alia in manufacture and trading of Cigarettes, Tobacco and Tobacco products.(Source : 202003 Annual Report Page No: 93)

Key Points

Leading Cigarette Manufacturer
The Vazir Sultan Tobacco Company Limited, incorporated in 1930, holds the position of the third-largest player in the domestic market with a market share of ~10%. ^[1] ^[2]

Website BSE NSE

Market Cap ₹ 5,157 Cr.
Current Price ₹ 3,340
High / Low ₹ 3,862 / 2,910
Stock P/E 83.9
Book Value ₹ 162
Dividend Yield 4.49 %
ROCE 34.4 %
ROE 24.9 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Stock is providing a good dividend yield of 4.52%.
Company has been maintaining a healthy dividend payout of 67.4%

Cons

Stock is trading at 20.5 times its book value
Promoter holding is low: 32.2%
Earnings include an other income of Rs.34.2 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Tobacco Products Industry: Cigarettes

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone




Operating Profit
OPM %

Interest
Depreciation
Profit before tax
Tax %

EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010
	349	333	339	380	471
	251	253	263	338	402
Operating Profit	98	80	76	42	69
OPM %	28%	24%	22%	11%	15%
	-3	17	24	60	34
Interest	0	0	0	0	0
Depreciation	10	12	14	16	18
Profit before tax	85	86	86	86	86
Tax %	48%	35%	32%	28%	27%
	44	56	58	62	62
EPS in Rs	28.75	36.00	37.87	40.10	40.16
Dividend Payout %	43%	56%	53%	75%	75%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	12%
TTM:	24%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	4%
TTM:	40%

Stock Price CAGR
10 Years:	7%
5 Years:	1%
3 Years:	-3%
1 Year:	-5%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	22%
Last Year:	25%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010
Equity Capital	15	15	15	15	15
Reserves	179	198	219	227	235
	0	0	0	0	0
	147	191	224	259	310
Total Liabilities	341	404	459	502	560
	90	96	120	127	134
CWIP	1	2	3	5	7
Investments	161	184	223	194	191
	89	121	113	175	228
Total Assets	341	404	459	502	560

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010
	68	71	68	22	52
	-62	-29	-61	24	-5
	-22	-23	-37	-37	-55
Net Cash Flow	-16	20	-30	9	-7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010
Debtor Days	4	6	5	5	11
Inventory Days	145	186	203	271	250
Days Payable	323	420	408	326	225
Cash Conversion Cycle	-173	-227	-200	-51	36
Working Capital Days	-80	-126	-135	-102	-78
ROCE %		42%	35%	26%	34%

Shareholding Pattern

Numbers in percentages

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
	32.16%	32.16%	32.16%	32.16%	32.16%	32.16%	32.16%	32.16%	32.16%	32.16%	32.16%	32.16%
	3.25%	2.80%	2.41%	2.14%	1.81%	1.75%	1.84%	1.69%	1.86%	1.64%	1.55%	1.40%
	17.27%	17.54%	17.27%	16.19%	16.28%	16.59%	16.62%	16.64%	16.62%	16.87%	17.24%	17.54%
	47.32%	47.50%	48.16%	49.31%	49.55%	49.29%	49.01%	49.14%	49.00%	48.96%	48.69%	48.53%
	0.00%	0.00%	0.00%	0.20%	0.20%	0.20%	0.37%	0.37%	0.37%	0.37%	0.37%	0.37%
No. of Shareholders	22,986	24,186	26,780	30,859	33,361	33,441	33,289	32,988	32,588	32,002	31,258	30,431

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
	32.16%	32.16%	32.16%	32.16%	32.16%	32.16%	32.16%	32.16%
	9.74%	9.50%	8.87%	5.47%	2.80%	1.75%	1.64%	1.40%
	14.36%	14.99%	17.88%	15.53%	17.54%	16.59%	16.87%	17.54%
	43.74%	43.35%	41.09%	46.84%	47.50%	49.29%	48.96%	48.53%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.20%	0.37%	0.37%
No. of Shareholders	13,569	13,748	14,638	16,000	24,186	33,441	32,002	30,431

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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VST Industries Ltd

VST Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

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Annual reports

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