VST Tillers Tractors Ltd

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

VST Tillers Tractors Ltd

₹ 5,288 -0.05%
29 Aug - close price
vsttillers.com BSE: 531266 NSE: VSTTILLERS
About

VST Tillers Tractors Ltd. was established in the year 1967 by the VST Group of companies, a well-known century-old business house in South India. The founder of the group was Sri V.S. Thiruvengadaswamy Mudaliar.
VST Tillers Tractors Ltd. was promoted by VST Motors as a joint venture since 1966 with Mitsubishi Heavy Industries Ltd, Japan. The company is now the largest manufacturer of Power Tillers in India.

All of the collaborations have expired [1] and today VST family holds 51% of the equity in the listed company that has recorded consistent growth. [2]

Key Points

Brands
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. [1]

Website BSE NSE
  • Market Cap ₹ 4,574 Cr.
  • Current Price ₹ 5,288
  • High / Low ₹ 5,520 / 2,875
  • Stock P/E 39.9
  • Book Value ₹ 1,159
  • Dividend Yield 0.38 %
  • ROCE 12.4 %
  • ROE 9.39 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 18.8%

Cons

  • Stock is trading at 4.56 times its book value
  • Debtor days have increased from 62.7 to 75.5 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 SmallCap BSE Allcap BSE Industrials

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
214 323 246 279 170 273 191 283 219 301 282
190 268 214 235 160 234 178 246 200 262 245
Operating Profit 23 55 32 43 9 39 13 37 19 40 37
OPM % 11% 17% 13% 15% 6% 14% 7% 13% 9% 13% 13%
9 5 18 14 18 10 21 27 -9 -1 26
Interest 0 0 1 0 1 1 1 1 0 0 0
Depreciation 7 7 7 7 7 7 6 6 6 6 6
Profit before tax 25 53 43 50 20 43 28 57 4 32 56
Tax % 22% 24% 23% 27% 17% 19% 18% 22% 64% 24% 21%
19 40 33 36 17 35 22 45 1 24 44
EPS in Rs 22.49 46.47 38.19 42.19 19.53 40.22 26.01 51.85 1.48 28.25 51.16
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Mar 2025 TTM
1,006 968 995 1,086
878 844 885 953
Operating Profit 128 124 110 134
OPM % 13% 13% 11% 12%
25 60 38 43
Interest 2 3 2 2
Depreciation 27 27 25 26
Profit before tax 124 155 120 149
Tax % 25% 22% 23%
92 121 93 115
EPS in Rs 106.90 140.14 107.56 132.74
Dividend Payout % 23% 14% 19%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 19%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 4%
Stock Price CAGR
10 Years: 14%
5 Years: 26%
3 Years: 28%
1 Year: 25%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Mar 2025
Equity Capital 9 9 9
Reserves 816 915 993
2 1 2
264 242 261
Total Liabilities 1,091 1,167 1,265
261 250 240
CWIP 14 5 10
Investments 430 484 523
385 428 492
Total Assets 1,091 1,167 1,265

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Mar 2025
36 49 77
-32 9 -29
-19 -24 -20
Net Cash Flow -14 33 28

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Mar 2025
Debtor Days 54 58 75
Inventory Days 56 65 54
Days Payable 68 55 53
Cash Conversion Cycle 42 69 76
Working Capital Days 50 72 76
ROCE % 18% 12%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
55.58% 55.58% 55.58% 55.58% 55.58% 55.58% 55.64% 55.64% 55.64% 55.64% 55.64% 55.61%
3.98% 1.26% 1.26% 1.76% 2.07% 2.02% 1.88% 2.79% 2.90% 2.67% 2.47% 1.40%
16.39% 19.73% 19.79% 18.97% 17.24% 16.61% 16.87% 17.97% 19.10% 20.47% 20.72% 21.72%
24.03% 23.42% 23.37% 23.69% 25.12% 25.79% 25.62% 23.60% 22.37% 21.22% 21.18% 21.26%
0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
No. of Shareholders 21,70721,60423,73023,92325,45626,12126,85525,19024,06623,32124,10420,243

* 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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