VST Tillers Tractors Ltd

V.S.T. Tillers Tractors was promoted by the VST Group, a wellknown business house in South India, in technical collaboration and joint venture with Mitsubishi Heavy Industries and Mitsubishi Corporation, Japan for the manufacture of Power Tillers and Diesel Engines.

  • Market Cap: 1,466 Cr.
  • Current Price: 1,696
  • 52 weeks High / Low 1951.00 / 588.40
  • Book Value: 667.76
  • Stock P/E: 62.24
  • Dividend Yield: 0.88 %
  • ROCE: 6.29 %
  • ROE: 4.18 %
  • Sales Growth (3Yrs): -6.97 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Company is virtually debt free.
Company has been maintaining a healthy dividend payout of 46.23%
Cons:
The company has delivered a poor growth of -0.29% over past five years.
Company has a low return on equity of 10.42% for last 3 years.
Earnings include an other income of Rs.28.18 Cr.

Peer comparison Sector: Automobile // Industry: Automobiles - Tractors

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Quarterly Results Figures in Rs. Crores

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
175 166 242 146 145 146 179 140 161 123 120 146
151 137 200 127 142 133 167 125 157 118 126 130
Operating Profit 24 29 42 18 3 13 11 14 4 5 -6 16
OPM % 14% 17% 17% 13% 2% 9% 6% 10% 2% 4% -5% 11%
Other Income 6 15 9 7 16 7 14 5 10 4 5 9
Interest 0 1 0 1 1 0 0 1 1 1 -1 0
Depreciation 3 3 3 3 3 3 6 4 4 4 5 4
Profit before tax 27 41 48 22 15 16 18 15 10 4 -6 21
Tax % 31% 23% 30% 34% 38% 38% 33% 22% 34% 20% 40% 18%
Net Profit 19 31 34 14 9 10 12 12 6 3 -3 17
EPS in Rs 21.64 36.32 39.01 16.64 10.64 11.70 14.33 13.37 7.39 4.02 -3.91 19.76
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
274 345 427 531 482 624 552 647 675 763 615 544 550
231 282 357 458 409 505 451 534 574 644 561 514 531
Operating Profit 43 63 70 73 72 119 100 113 101 120 54 29 19
OPM % 16% 18% 16% 14% 15% 19% 18% 17% 15% 16% 9% 5% 3%
Other Income 5 3 4 5 2 9 12 12 29 45 36 12 28
Interest 1 1 1 1 1 2 2 3 3 2 2 2 1
Depreciation 3 3 2 3 3 4 9 13 12 11 16 16 17
Profit before tax 44 62 71 73 70 122 101 110 116 152 72 23 29
Tax % 34% 32% 35% 32% 30% 32% 31% 33% 29% 26% 36% 22%
Net Profit 29 42 46 50 49 83 70 74 83 112 46 18 24
EPS in Rs 47.74 52.00 56.33 56.22 93.45 77.41 82.75 95.73 129.61 53.32 20.84 27.26
Dividend Payout % 15% 15% 17% 16% 16% 16% 19% 17% 16% 39% 28% 72%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:4.67%
5 Years:-0.29%
3 Years:-6.97%
TTM:-9.64%
Compounded Profit Growth
10 Years:-5.39%
5 Years:-18.91%
3 Years:-31.82%
TTM:-45.52%
Stock Price CAGR
10 Years:11.92%
5 Years:4.97%
3 Years:-5.50%
1 Year:49.27%
Return on Equity
10 Years:16.75%
5 Years:12.84%
3 Years:10.42%
Last Year:4.18%

Balance Sheet Figures in Rs. Crores

Corp Actions
Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
6 9 9 9 9 9 9 9 9 9 9 9
Reserves 86 118 155 196 236 304 355 411 491 588 581 568
Borrowings 7 11 0 16 0 0 0 0 0 0 0 0
59 56 84 101 91 158 109 113 131 189 158 152
Total Liabilities 159 194 248 322 336 470 472 533 631 786 748 729
38 51 53 57 77 124 135 127 147 158 206 206
CWIP 0 2 2 6 14 0 2 3 10 57 35 48
Investments 5 4 37 24 4 106 95 136 188 204 165 156
115 137 155 234 240 239 240 267 286 367 343 318
Total Assets 159 194 248 322 336 470 472 533 631 786 748 729

Cash Flows Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
18 15 52 -10 50 131 26 85 86 33 43 72
-11 -17 -36 3 -11 -131 -13 -43 -75 -36 11 -33
-5 -2 -11 6 -26 -11 -17 -34 -3 -17 -54 -33
Net Cash Flow 2 -4 6 -1 13 -10 -4 9 9 -19 0 7

Ratios Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 51% 53% 48% 39% 31% 45% 30% 29% 24% 26% 14% 6%
Debtor Days 48 71 53 85 74 60 62 70 71 89 57 65
Inventory Turnover 4.39 4.76 5.83 6.32 4.46 4.89 3.86 4.71 5.95 6.68 4.08 3.32

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
53.99 53.99 53.99 53.99 53.99 53.99 54.31 54.31 54.69 54.69 54.77 54.77
5.77 5.10 4.39 4.72 5.40 5.58 5.75 5.74 6.34 6.12 4.31 4.61
11.10 13.45 15.08 15.51 15.13 14.46 14.17 14.14 13.27 13.18 15.60 15.47
29.14 27.47 26.55 25.79 25.49 25.97 25.77 25.81 25.70 26.02 25.32 25.15