VST Tillers Tractors Ltd

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VST Till. Tract. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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VST Tillers Tractors Ltd

₹ 4,165 -1.04%
02 Sep - close price
vsttractors.com BSE: 531266 NSE: VSTTILLERS
About

V.S.T. Tillers Tractors Ltd manufactures
and trades agricultural machinery, including
power tillers, compact and higher-HP tractors, power weeders, reapers, brush cutters and
diesel engines. It also distributes spares,
lubricants and electric pumps and manufactures precision components for agriculture, automotive, locomotive and other industrial applications.
The company has over 70% domestic power
-tiller market share. [1] [2]

Key Points

Brands:[1]
VST SHAKTI is India's No 1 brand in Power
Tiller (walking Tractor) in India introduced
over five decades ago. Tractors are also
being marketed under the FIELDTRAC
brand in various markets of the European
Union meeting the latest EU standards.
The Co. initially introduced as "VST
Mitsubishi", has now expanded its
presence under the brand "VST
SHAKTI" with a range of compact
and agricultural Tractors.

Website BSE NSE
  • Market Cap ₹ 3,583 Cr.
  • Current Price ₹ 4,165
  • High / Low ₹ 6,374 / 4,128
  • Stock P/E 32.5
  • Book Value ₹ 1,268
  • Dividend Yield 0.48 %
  • ROCE 13.8 %
  • ROE 10.1 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 17.6%

Cons

  • Stock is trading at 3.28 times its book value
  • The company has delivered a poor sales growth of 10.2% over past five years.
  • Company has a low return on equity of 11.0% over last 3 years.
  • Working capital days have increased from 131 days to 245 days

* 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

Industrials Capital Goods Agricultural, Commercial & Construction Vehicles Tractors

Part of BSE Industrials BSE 1000

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
246 279 170 273 191 283 219 301 282 315 314 328 313
214 235 160 234 177 246 200 261 245 274 274 282 273
Operating Profit 32 43 10 40 13 38 20 40 38 41 41 47 40
OPM % 13% 15% 6% 15% 7% 13% 9% 13% 13% 13% 13% 14% 13%
18 14 18 10 21 27 -9 -1 26 3 7 -31 28
Interest 1 0 1 1 1 1 0 0 0 1 1 0 0
Depreciation 7 7 7 7 6 6 6 6 6 6 6 6 5
Profit before tax 43 50 20 43 28 58 4 33 57 37 41 9 62
Tax % 23% 27% 17% 18% 18% 22% 56% 23% 21% 30% 25% 41% 22%
33 36 17 35 23 45 2 25 45 25 31 5 49
EPS in Rs 38.19 42.19 19.62 40.65 26.45 52.01 1.97 28.90 51.55 29.42 35.54 6.11 56.32
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
552 647 675 763 615 544 764 854 1,006 968 995 1,240 1,271
451 534 574 644 560 514 670 729 878 843 883 1,074 1,103
Operating Profit 100 113 101 120 55 30 95 125 128 125 111 166 169
OPM % 18% 17% 15% 16% 9% 6% 12% 15% 13% 13% 11% 13% 13%
12 12 29 45 35 11 46 34 25 60 38 4 7
Interest 2 3 3 2 2 2 4 2 2 3 2 2 2
Depreciation 9 13 12 11 16 16 17 25 27 27 25 26 25
Profit before tax 101 110 116 152 72 23 119 132 124 156 122 143 149
Tax % 31% 33% 29% 26% 36% 22% 24% 25% 25% 22% 23% 26%
70 74 83 112 46 18 91 99 92 122 94 106 110
EPS in Rs 80.47 85.80 95.73 129.61 53.31 20.85 105.08 114.95 106.90 140.64 109.29 122.50 127.39
Dividend Payout % 19% 17% 16% 39% 28% 72% 19% 17% 23% 14% 18% 20%
Compounded Sales Growth
10 Years: 7%
5 Years: 10%
3 Years: 7%
TTM: 17%
Compounded Profit Growth
10 Years: 4%
5 Years: 3%
3 Years: 5%
TTM: -5%
Stock Price CAGR
10 Years: 8%
5 Years: 9%
3 Years: 5%
1 Year: -20%
Return on Equity
10 Years: 12%
5 Years: 12%
3 Years: 11%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 9 9 9 9 9 9 9 9 9 9 9 9
Reserves 355 411 491 588 581 568 659 741 816 915 995 1,089
0 0 0 0 0 0 0 0 2 1 2 2
109 113 131 189 158 152 218 217 264 242 261 248
Total Liabilities 472 533 631 786 748 729 885 966 1,091 1,167 1,267 1,347
135 127 147 158 206 206 248 266 261 250 240 232
CWIP 2 3 10 57 35 48 25 12 14 5 10 18
Investments 95 136 188 204 165 156 312 414 430 484 525 634
240 267 286 367 343 318 300 275 385 428 492 464
Total Assets 472 533 631 786 748 729 885 966 1,091 1,167 1,267 1,347

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
26 85 86 33 43 72 155 125 36 49 77 132
-13 -43 -75 -36 11 -33 -148 -110 -32 9 -29 -136
-17 -34 -3 -17 -54 -33 -2 -19 -19 -24 -20 -20
Net Cash Flow -4 9 9 -19 0 7 6 -4 -14 33 28 -24
Free Cash Flow -4 77 54 -34 -2 38 127 96 12 41 56 105
CFO/OP 57% 110% 122% 57% 141% 274% 191% 128% 52% 63% 88% 100%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 62 70 71 89 57 65 39 29 54 58 75 51
Inventory Days 102 70 58 58 111 100 77 64 56 65 54 53
Days Payable 17 28 30 46 31 57 60 52 68 55 53 43
Cash Conversion Cycle 148 112 100 101 137 108 56 41 42 69 76 60
Working Capital Days 95 89 86 94 124 113 41 27 50 72 76 245
ROCE % 30% 29% 24% 26% 14% 6% 20% 19% 16% 18% 13% 14%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Power tiller sales volume
Nos

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Power tiller market share in India
%
Dealer network
Nos
Power weeder sales volume
Nos
Tractor domestic sales volume
Nos
Tractor export sales volume
Nos

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
55.58% 55.58% 55.64% 55.64% 55.64% 55.64% 55.64% 55.61% 55.61% 55.61% 55.61% 55.55%
2.07% 2.02% 1.88% 2.79% 2.90% 2.67% 2.47% 1.40% 1.76% 1.61% 1.84% 1.21%
17.24% 16.61% 16.87% 17.97% 19.10% 20.47% 20.72% 21.72% 21.41% 20.59% 19.61% 19.97%
25.12% 25.79% 25.62% 23.60% 22.37% 21.22% 21.18% 21.26% 21.23% 22.19% 22.95% 23.28%
No. of Shareholders 25,45626,12126,85525,19024,06623,32124,10420,24321,23722,69424,07624,293

* 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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