VST Industries Limited (IN:VSTIND)
:VSTIND
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VST Industries Limited
(VSTIND)
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Rating:69Neutral
Price Target:
₹243.00
▼(-3.32% Downside)
Action:N/ADate:01/04/26
The score is driven primarily by strong financial quality—especially the zero-debt balance sheet and solid profitability—partly offset by weaker technicals with the stock trading below major moving averages. Reasonable valuation and a ~4% dividend yield provide support despite mixed recent operating momentum and uneven cash-flow conversion.
Positive Factors
Balance Sheet Strength
Zero financial leverage and steadily growing equity give the company durable financial flexibility. Low debt reduces insolvency risk, supports capital allocation for brands and distribution, and allows management to sustain dividends or invest through cycles without refinancing pressure.
Negative Factors
Recent Revenue Decline
Top-line contraction signals weakening demand or pricing pressure that can erode scale benefits. Prolonged revenue declines would reduce operational leverage, tighten margins, and limit reinvestment capacity, pressuring long-term growth unless offset by market share gains or product re-mix.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Zero financial leverage and steadily growing equity give the company durable financial flexibility. Low debt reduces insolvency risk, supports capital allocation for brands and distribution, and allows management to sustain dividends or invest through cycles without refinancing pressure.
Read all positive factors
VST Industries Limited (VSTIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹37.75B
Dividend Yield3.93%
Average Volume (3M)14.81K
Price to Earnings (P/E)18.2
Beta (1Y)0.98
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees772
SectorConsumer Defensive
Sector Strength42
IndustryTobacco
Share Statistics
EPS (TTM)3.55
Shares Outstanding169,861,110
10 Day Avg. Volume10,935
30 Day Avg. Volume14,815
Financial Highlights & Ratios
PEG Ratio-4.35
Price to Book (P/B)3.50
Price to Sales (P/S)3.31
P/FCF Ratio30.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)22.4
Revenue Forecast (FY)₹17.41B
VST Industries Limited Business Overview & Revenue Model
Company Description
VST Industries Limited engages in the manufacture, distribution, and trading of cigarettes in India and internationally. It also trades in unmanufactured tobacco. The company was formerly known as Vazir Sultan Tobacco Company Limited and changed i...
How the Company Makes Money
VST Industries makes money primarily by manufacturing and selling cigarettes and related tobacco products. Its main revenue stream is the sale of finished cigarette products to distributors/wholesalers and retail trade channels, where earnings are...
VST Industries Limited Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
90
Very Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.48B | 13.98B | 14.20B | 12.90B | 11.77B | 11.10B |
| Gross Profit | 5.55B | 6.01B | 4.73B | 6.69B | 6.63B | 6.21B |
| EBITDA | 3.04B | 2.79B | 3.87B | 4.59B | 4.12B | 4.52B |
| Net Income | 3.05B | 2.90B | 3.02B | 3.27B | 3.20B | 3.11B |
Balance Sheet | ||||||
| Total Assets | 18.86B | 18.16B | 17.20B | 16.54B | 15.91B | 14.86B |
| Cash, Cash Equivalents and Short-Term Investments | 2.57B | 3.50B | 2.71B | 3.84B | 7.72B | 8.94B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 6.17B | 4.93B | 4.68B | 4.74B | 5.16B | 5.45B |
| Stockholders Equity | 12.68B | 13.23B | 12.52B | 11.80B | 10.74B | 9.40B |
Cash Flow | ||||||
| Free Cash Flow | 519.00M | 1.52B | 726.78M | -2.22B | 2.28B | 2.40B |
| Operating Cash Flow | 694.70M | 1.93B | 1.67B | 1.81B | 2.77B | 2.86B |
| Investing Cash Flow | 990.00M | 97.90M | 793.21M | 467.10M | -957.50M | -1.44B |
| Financing Cash Flow | -1.70B | -2.21B | -2.31B | -2.24B | -1.87B | -1.59B |
VST Industries Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹3.81T | 25.57 | ― | 3.52% | 4.55% | 70.17% | |
69 Neutral | ₹37.75B | 18.16 | ― | 3.93% | ― | ― | |
65 Neutral | ₹327.76B | 31.38 | ― | 1.29% | 24.53% | 39.08% | |
65 Neutral | ₹384.70B | 132.49 | ― | 0.62% | 8.08% | -22.42% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | ₹205.47B | 89.83 | ― | 0.61% | 10.61% | 7.97% | |
57 Neutral | ₹13.72B | 50.36 | ― | 1.67% | -2.15% | -42.78% |
* Consumer Defensive Sector Average
IN:VSTIND
VST Industries Limited
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-13.87%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.