VST Tillers Tractors Ltd

AI

VST Tillers Tractors Ltd

₹ 4,165 -1.04%
02 Sep - close price
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.

  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
214 235 160 234 178 246 200 262 245 275 274 282 273
Operating Profit 32 43 9 39 13 37 19 40 37 40 40 47 40
OPM % 13% 15% 6% 14% 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 57 4 32 56 36 41 9 62
Tax % 23% 27% 17% 19% 18% 22% 64% 24% 21% 31% 25% 42% 22%
33 36 17 35 22 45 1 24 44 25 30 5 48
EPS in Rs 38.19 42.19 19.53 40.22 26.01 51.85 1.48 28.25 51.16 28.90 35.21 5.88 55.97
Raw PDF

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
Dealer network
Nos ・Standalone data
Power weeder sales volume
Nos ・Standalone data
Tractor domestic sales volume
Nos ・Standalone data
Tractor export sales volume
Nos ・Standalone data

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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