VST Tillers Tractors Ltd
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]
- Market Cap ₹ 3,583 Cr.
- Current Price ₹ 4,165
- High / Low ₹ 6,374 / 4,128
- Stock P/E 32.9
- Book Value ₹ 1,264
- Dividend Yield 0.48 %
- ROCE 13.7 %
- ROE 9.99 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 17.8%
Cons
- Stock is trading at 3.29 times its book value
- Company has a low return on equity of 10.8% 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| 1,006 | 968 | 995 | 1,240 | 1,271 | |
| 878 | 844 | 885 | 1,076 | 1,104 | |
| Operating Profit | 128 | 124 | 110 | 165 | 167 |
| OPM % | 13% | 13% | 11% | 13% | 13% |
| 25 | 60 | 38 | 4 | 7 | |
| Interest | 2 | 3 | 2 | 2 | 2 |
| Depreciation | 27 | 27 | 25 | 26 | 25 |
| Profit before tax | 124 | 155 | 120 | 142 | 148 |
| Tax % | 25% | 22% | 23% | 26% | |
| 92 | 121 | 93 | 105 | 109 | |
| EPS in Rs | 106.90 | 140.14 | 107.56 | 121.02 | 125.96 |
| Dividend Payout % | 23% | 14% | 19% | 21% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 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: | % |
| 5 Years: | % |
| 3 Years: | 11% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 |
| Reserves | 816 | 915 | 993 | 1,085 |
| 2 | 1 | 2 | 2 | |
| 264 | 242 | 261 | 248 | |
| Total Liabilities | 1,091 | 1,167 | 1,265 | 1,344 |
| 261 | 250 | 240 | 232 | |
| CWIP | 14 | 5 | 10 | 18 |
| Investments | 430 | 484 | 523 | 630 |
| 385 | 428 | 492 | 464 | |
| Total Assets | 1,091 | 1,167 | 1,265 | 1,344 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 36 | 49 | 77 | 132 | |
| -32 | 9 | -29 | -136 | |
| -19 | -24 | -20 | -20 | |
| Net Cash Flow | -14 | 33 | 28 | -24 |
| Free Cash Flow | 12 | 41 | 56 | 105 |
| CFO/OP | 52% | 63% | 89% | 100% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 54 | 58 | 75 | 51 |
| Inventory Days | 56 | 65 | 54 | 53 |
| Days Payable | 68 | 55 | 53 | 43 |
| Cash Conversion Cycle | 42 | 69 | 76 | 60 |
| Working Capital Days | 50 | 72 | 76 | 245 |
| ROCE % | 18% | 12% | 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 ・Standalone data |
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| Power tiller market share in India % ・Standalone data |
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| Dealer network Nos ・Standalone data |
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| Power weeder sales volume Nos ・Standalone data |
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| Tractor domestic sales volume Nos ・Standalone data |
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| Tractor export sales volume Nos ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication
- Reg. 34 (1) Annual Report.
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Business Responsibility and Sustainability Reporting (BRSR)
- Submitted BRSR for FY 2025-26 as part of the annual report.
- Notice Of Annual General Meeting For The Financial Year 25-26
- Record Date For Dividend/AGM
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
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Annual Report 2022
from bse
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Annual Report 2021
from bse
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Annual Report 2020
from bse
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Annual Report 2019
from bse
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Annual Report 2018
from bse
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Annual Report 2017
from bse
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Annual Report 2016
from bse
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Annual Report 2015
from bse
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Annual Report 2014
from bse
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Annual Report 2013
from nse
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Annual Report 2013
from bse
Concalls
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Aug 2026Transcript PPT REC
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Aug 2026TranscriptAI SummaryPPT
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May 2026Transcript PPT
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May 2026Transcript PPT REC
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Feb 2026TranscriptAI SummaryPPT
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Nov 2025Transcript PPT REC
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May 2025TranscriptAI SummaryPPT
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Nov 2018TranscriptPPT
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Feb 2018TranscriptPPT
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Aug 2017TranscriptPPT
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.