VST Industries Ltd

VST Industries Ltd

₹ 3,363 -0.61%
05 Jun 3:40 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[1]
Founded in the year 1930, VST Industries got its name through its founder Vazir Sultan and now they are the third-largest player in the Indian Cigarette Market with over 90 years of operations. The market share of VST Industries stands at 9% [2] in the legal cigarette market and 5% in the overall cigarette market in terms of value.

  • Market Cap 5,192 Cr.
  • Current Price 3,363
  • High / Low 3,880 / 2,857
  • Stock P/E 84.5
  • Book Value 162
  • Dividend Yield 4.48 %
  • ROCE 34.4 %
  • ROE 24.9 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 4.47%.
  • Company has been maintaining a healthy dividend payout of 67.4%

Cons

  • Stock is trading at 20.8 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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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
Net Profit
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%
Net Profit 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: 8%
5 Years: 3%
3 Years: 1%
1 Year: 6%
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
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

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 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
4.64 3.57 3.25 2.80 2.41 2.14 1.81 1.75 1.84 1.69 1.86 1.64
15.61 17.05 17.27 17.54 17.27 16.19 16.28 16.59 16.62 16.64 16.62 16.87
47.59 47.22 47.32 47.50 48.16 49.31 49.55 49.29 49.01 49.14 49.00 48.96
0.00 0.00 0.00 0.00 0.00 0.20 0.20 0.20 0.37 0.37 0.37 0.37

* 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.

Click on the line-items to see the names of individual entities.

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