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VST Industries

₹3755 1.8 | 0%

Market Cap ₹5798 Cr.

Stock P/E 20.2

P/B 4.6

Current Price ₹3755

Book Value ₹ 811.1

Face Value 10

52W High ₹4328.5

Dividend Yield 3.99%

52W Low ₹ 3159.9

VST Industries Research see more...

Overview Inc. Year: 1930Industry: Cigarettes/Tobacco

VST Industries Ltd is an India-based enterprise, that's engaged in production and trading of cigarettes containing tobacco and unmanufactured tobacco merchandise. The Company operates thru Tobacco and related products segment. Its brands consist of Total, Editions, Charms, Special and Moments. The Company operates production plants with one positioned in Hyderabad, Telangana and other plant in Toopran, Telangana.

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VST Industries Share Price

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VST Industries Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 361 431 400 402 440 442 389 452 468 476
Other Income 10 10 17 11 33 16 16 29 9 30
Total Income 371 441 418 413 473 458 405 482 477 506
Total Expenditure 257 322 294 289 347 347 307 373 396 379
Operating Profit 115 119 124 124 126 111 98 108 81 126
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 7 8 9 7 7 7 8 9 10 11
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 107 111 115 117 119 103 90 99 71 115
Provision for Tax 28 28 28 30 27 24 21 23 17 27
Profit After Tax 80 83 87 87 92 79 69 76 54 88
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 80 83 87 87 92 79 69 76 54 88
Adjusted Earnings Per Share 51.7 53.6 56.5 56.4 59.7 51.2 44.5 49.2 34.8 57.1

VST Industries Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 669 789 836 883 922 948 1099 1239 1111 1178 1292 1785
Other Income 26 32 18 20 20 25 39 47 42 47 76 84
Total Income 695 822 854 903 942 972 1138 1287 1153 1225 1369 1870
Total Expenditure 488 571 594 646 675 654 746 825 701 767 910 1455
Operating Profit 207 251 261 258 268 319 392 462 452 458 459 413
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 22 27 32 31 37 39 41 42 35 30 30 38
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 184 224 229 227 231 279 351 420 417 428 429 375
Provision for Tax 58 74 77 73 79 98 124 116 107 108 102 88
Profit After Tax 126 150 152 153 152 182 227 304 311 320 327 287
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 126 150 152 153 152 182 227 304 311 320 327 287
Adjusted Earnings Per Share 81.8 97.2 98.6 99.2 98.1 117.8 146.9 196.9 201.3 207.4 211.8 185.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 10% 1% 6% 7%
Operating Profit CAGR 0% -0% 8% 8%
PAT CAGR 2% 2% 12% 10%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 14% 6% 2% 7%
ROE Average 29% 32% 35% 38%
ROCE Average 38% 43% 49% 55%

VST Industries Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 304 328 347 370 539 582 664 787 940 1074 1180
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities -8 -7 -8 -11 -12 -11 -13 -7 -3 1 4
Total Current Liabilities 439 424 473 447 248 468 522 590 523 493 452
Total Liabilities 735 745 812 806 775 1039 1174 1371 1461 1569 1636
Fixed Assets 175 209 198 174 220 195 213 187 173 195 590
Other Non-Current Assets 14 5 3 48 7 39 4 20 37 232 214
Total Current Assets 546 531 611 584 548 805 957 1164 1251 1142 832
Total Assets 735 745 812 806 775 1039 1174 1371 1461 1569 1636

VST Industries Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 33 43 42 36 14 12 29 26 26 9 4
Cash Flow from Operating Activities 118 130 118 132 146 420 290 331 286 277 181
Cash Flow from Investing Activities 9 -18 3 -24 -18 -264 -148 -155 -144 -96 47
Cash Flow from Financing Activities -117 -113 -126 -130 -130 -139 -144 -177 -159 -187 -224
Net Cash Inflow / Outflow 10 -1 -6 -22 -2 17 -2 -0 -17 -5 5
Closing Cash & Cash Equivalent 43 42 36 14 12 29 26 26 9 4 9

VST Industries Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 81.76 97.24 98.57 99.15 98.13 117.79 146.9 196.93 201.27 207.38 211.75
CEPS(Rs) 96.33 114.44 119.23 119.24 122.03 143.15 173.68 223.97 223.98 226.87 231.31
DPS(Rs) 62.5 70 70 70 75 77.5 95 103 114 140 150
Book NAV/Share(Rs) 194.54 210.22 222.78 238.17 349.03 376.96 430.02 509.71 609.02 695.06 762.39
Core EBITDA Margin(%) 11.09 13.37 14.08 11.51 10.96 21.64 29.82 30.26 27.85 26.38 22.88
EBIT Margin(%) 11.32 13.73 13.28 10.98 10.21 20.57 29.62 30.67 28.33 27.44 25.64
Pre Tax Margin(%) 11.32 13.73 13.28 10.98 10.21 20.57 29.62 30.67 28.33 27.44 25.64
PAT Margin (%) 7.76 9.2 8.83 7.42 6.7 13.39 19.16 22.19 21.1 20.52 19.55
Cash Profit Margin (%) 9.15 10.83 10.69 8.93 8.33 16.27 22.65 25.24 23.48 22.45 21.36
ROA(%) 17.6 20.29 19.55 18.92 19.17 20.05 20.5 23.9 21.96 21.14 20.41
ROE(%) 43.03 48.05 45.53 43.02 33.42 32.45 36.41 41.91 35.98 31.8 29.06
ROCE(%) 62.73 71.67 68.42 63.66 50.93 49.86 56.28 57.92 48.31 42.51 38.06
Receivable days 4.08 3.52 2.09 2.15 1.97 5.29 6.42 3.95 3.79 5.67 8.35
Inventory Days 55.18 58.29 67.12 65.74 57.01 78.2 82.41 77.18 73.71 69.32 70.38
Payable days 57.8 49.79 58.52 59.59 46.97 44.27 46.81 68.86 96.26 75.76 58.84
PER(x) 18.4 16.95 16.3 16.34 29.35 24.78 23.66 14.13 16.85 14.77 14.85
Price/Book(x) 7.73 7.84 7.21 6.8 8.25 7.74 8.08 5.46 5.57 4.41 4.12
Dividend Yield(%) 4.15 4.25 4.36 4.32 2.6 2.66 2.73 3.7 3.36 4.57 4.77
EV/Net Sales(x) 3.4 3.17 2.92 2.81 4.8 4.72 4.85 3.44 4.69 4 3.74
EV/Core EBITDA(x) 11.02 9.97 9.36 9.63 16.53 14.03 13.6 9.22 11.53 10.29 10.53
Net Sales Growth(%) -2.3 18.02 5.95 5.62 4.44 2.73 15.98 12.77 -10.36 6.05 9.7
EBIT Growth(%) -12.63 21.69 2.13 -0.95 1.91 21.03 25.49 19.84 -0.7 2.61 0.16
PAT Growth(%) -11.41 18.93 1.37 0.59 -1.04 20.04 24.71 34.05 2.2 3.04 2.11
EPS Growth(%) -11.41 18.93 1.37 0.59 -1.04 20.04 24.71 34.05 2.2 3.04 2.11
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 1.24 1.25 1.29 1.31 2.21 1.72 1.83 1.97 2.39 2.31 1.84
Quick Ratio(x) 0.67 0.62 0.52 0.46 0.88 1.18 1.29 1.47 1.82 1.72 1.07
Interest Cover(x) 0 0 0 0 0 0 0 0 0 0 0
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

VST Industries Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 32.16 32.16 32.16 32.16 32.16 32.16 32.16 32.16 32.16 32.16
FII 1.81 1.75 1.84 1.67 1.84 1.64 1.54 1.4 1.39 1.37
DII 16.28 16.59 16.63 16.66 16.64 16.87 17.24 17.54 17.52 15.69
Public 49.75 49.5 49.38 49.51 49.36 49.33 49.06 48.9 48.94 50.78
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 32%
  • Debtor days have improved from 75.76 to 58.84days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 32.16%.
  • Stock is trading at 4.6 times its book value.

* 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.

VST Industries News

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