VST Tillers Tractors Limited (VSTTILLERS) AI Stock Analysis

• Market Cap: ₹45.29B
• Dividend Yield: 0.35%
• Average Volume (3M): 820.00
• Price to Earnings (P/E): 44.5
• Beta (1Y): 1.42
• Revenue Growth: 21.88%
• EPS Growth: -20.20%
• Country: IN
• Employees: 755
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Agricultural - Machinery
• EPS (TTM): 35.60
• Shares Outstanding: 8,643,358
• 10 Day Avg. Volume: 890
• 30 Day Avg. Volume: 820
• PEG Ratio: -1.49
• Price to Book (P/B): 3.20
• Price to Sales (P/S): 3.23
• P/FCF Ratio: 57.16
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 166.27
• Revenue Forecast (FY): ₹12.64B

• Rating: 58 Neutral
• Price Target: ₹6,089.00 ▼(-0.15% Downside)
• Action: Downgraded Date: 11/21/25
• Date: Action: Downgraded 11/21/25

The overall stock score of 58 reflects a strong financial foundation with robust revenue growth and a solid balance sheet. However, technical indicators suggest bearish momentum, and the stock appears overvalued based on its P/E ratio. The lack of earnings call data and corporate events limits additional insights.

Positive Factors

Low leverage / strong equity

Extremely low debt and a high equity ratio provide durable financial flexibility for capex, dealer support, or downturns. Minimal leverage reduces refinancing risk, supports steady investment in manufacturing and service networks, and preserves balance-sheet resilience over cycles.

Robust cash generation

Strong FCF growth and high operating cash conversion indicate the business reliably turns earnings into cash. This supports sustained reinvestment in products, parts service, and distribution, and provides a buffer to fund growth or weather seasonal agricultural demand variability.

Consistent revenue growth & solid gross margin

Stable top-line growth and a healthy gross margin reflect durable demand for compact tractors/tillers and effective cost controls. Margin headroom plus recurring parts/spares sales underpin long-term unit economics and support sustained operating profitability and reinvestment capacity.

Negative Factors

Declining net profit margin

A material decline in net margin signals rising costs, price pressure, or operating headwinds that can persist. Lower net margins reduce retained earnings and cash available for growth or returns, challenging durability of free cash flow and requiring management focus to restore profitability.

Moderate return on equity

ROE under 10% suggests modest efficiency at converting equity into profits. Even with low leverage, this level may limit long-term shareholder returns and indicates the company needs stronger margin expansion or higher capital turnover to boost sustainable returns on invested capital.

Incomplete earnings-to-cash conversion

Only 60% of net income converting to free cash flow implies capex or working capital absorption. This restrains available cash for dividends, aggressive expansion, or inventory buildup during seasonality, and may limit the company's ability to scale without increasing financing or reducing investment.

VST Tillers Tractors Limited Business Overview & Revenue Model

Company Description

V.S.T. Tillers Tractors Limited engages in the manufacture and trading of agriculture machinery primarily in India. It provides power tillers, tractors, rice transplanters, power reapers, rotary tillers, brush cutters, hedge trimmers, power weeders, attachments, and engines, as well as spares and lubes. The company also offers diesel engine components, such as case covers, transmission and crankcases, camshafts, crankshafts, and connecting rods; and light engineering components comprising fuel pump clamps, balancer weights, hydraulic actuators, brake shoes and yokes, suspension links, and caliper levers. It markets its products through a network of dealers and vendors. The company also exports primarily to Western Europe, South Africa, Ecuador, Haiti, Vietnam, and internationally. V.S.T. Tillers Tractors Limited was incorporated in 1967 and is based in Bengaluru, India.

How the Company Makes Money

VST Tillers Tractors Limited generates revenue through the sale of its core products, which include power tillers, tractors, and related agricultural machinery. The company benefits from a robust distribution network that ensures its products reach various markets across India and potentially abroad. Key revenue streams include direct sales of agricultural equipment and spare parts, as well as after-sales services that enhance customer satisfaction and loyalty. Additionally, VSTTILLERS may engage in strategic partnerships with agricultural cooperatives and financial institutions to facilitate financing options for customers, thereby expanding its market reach. The company's focus on innovation and quality also helps to establish a strong brand presence, contributing to repeat business and customer referrals.

VST Tillers Tractors Limited Financial Statement Overview

Summary

VST Tillers Tractors Limited exhibits strong financial health with consistent revenue growth and a robust balance sheet characterized by low leverage and high equity. While profitability metrics show slight pressure, the company maintains efficient operations and solid cash generation. The overall financial position is stable, with potential for continued growth in the agricultural machinery sector.

Income Statement

VST Tillers Tractors Limited shows a strong performance with a consistent revenue growth trend, especially notable with a 3.26% increase in the latest year. The gross profit margin remains robust at approximately 31.28%. However, the net profit margin has slightly decreased from 12.57% to 9.35% in the latest year, indicating some pressure on net earnings. EBIT and EBITDA margins are strong, reflecting operational efficiency.

Balance Sheet

The company's balance sheet is solid with a low debt-to-equity ratio of 0.002, indicating minimal leverage and a strong equity position. The return on equity stands at 9.28%, showing effective use of shareholders' funds. The equity ratio of 79.23% highlights financial stability and a low reliance on debt financing.

Cash Flow

Cash flow metrics indicate a positive operational trend with a free cash flow growth rate of 36.24% over the past year. The operating cash flow to net income ratio is 0.82, suggesting strong cash generation from earnings. The free cash flow to net income ratio of 0.60 indicates efficient cash utilization, though there is room for improvement.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	11.18B	9.95B	9.68B	10.06B	8.50B	7.61B
Gross Profit	3.49B	3.11B	1.83B	3.02B	2.65B	2.47B
EBITDA	1.57B	1.25B	1.85B	1.53B	1.59B	1.38B
Net Income	949.00M	929.70M	1.21B	923.70M	993.10M	907.76M
Balance Sheet
Total Assets	13.42B	12.65B	11.67B	10.91B	9.66B	8.85B
Cash, Cash Equivalents and Short-Term Investments	6.16B	5.58B	4.82B	4.11B	3.55B	2.86B
Total Debt	18.27M	19.64M	13.54M	18.88M	10.46M	4.51M
Total Liabilities	2.85B	2.63B	2.43B	2.66B	2.17B	2.18B
Stockholders Equity	10.57B	10.02B	9.24B	8.24B	7.50B	6.68B
Cash Flow
Free Cash Flow	484.89M	561.39M	412.09M	121.84M	954.51M	1.26B
Operating Cash Flow	624.88M	765.46M	486.14M	364.27M	1.24B	1.55B
Investing Cash Flow	-1.03B	-287.44M	86.39M	-315.73M	-1.10B	-1.48B
Financing Cash Flow	-187.09M	-203.03M	-245.00M	-191.28M	-182.76M	-15.20M

VST Tillers Tractors Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 6097.90
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VSTTILLERS, the sentiment is Neutral. The current price of 6097.9 is above the 20-day moving average (MA) of 5453.44, above the 50-day MA of 5628.94, and above the 200-day MA of 5215.42, indicating a neutral trend. The MACD of -164.77 indicates Positive momentum. The RSI at 42.49 is Neutral, neither overbought nor oversold. The STOCH value of 67.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:VSTTILLERS.

VST Tillers Tractors Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LAOPALA	64 Neutral	₹20.43B	23.35	―	3.64%	-8.09%	-12.59%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
HONDAPOWER	61 Neutral	₹20.48B	35.75	―	1.38%	-1.54%	10.30%
VSTTILLERS	58 Neutral	₹45.29B	44.47	―	0.35%	21.88%	-20.20%
MBAPL	58 Neutral	₹39.70B	29.10	―	0.12%	65.92%	224.35%
JISLDVREQS	53 Neutral	₹22.12B	-12.27	―	―	5.79%	9.84%

VST Tillers Tractors Limited Corporate Events

V.S.T Tillers Tractors Posts Strong February 2026 Sales Growth

V.S.T Tillers Tractors Limited reported its sales quantities for February 2026, showing a significant increase in both monthly and year-to-date volumes versus the prior year. Power tiller sales rose to 3,963 units in February with year-to-date sales of 46,147, while tractor sales reached 472 units for the month and 5,156 year-to-date, bringing total equipment sales to 4,435 units in February and 51,303 units so far this year.

These figures represent strong growth compared with February 2025, when total power tiller and tractor sales were 3,260 units for the month and 34,692 on a year-to-date basis, indicating expanding demand for the company’s products. The company noted that the reported numbers are unaudited, so final audited figures may differ, but the update nevertheless signals positive operational momentum for stakeholders tracking its performance.

V.S.T Tillers Tractors Informs Exchanges of Investor Presentation at Omkara Meet

V.S.T Tillers Tractors Limited has notified the stock exchanges that it has prepared an investor presentation, which will be delivered at the Omkara Capital Investors Meet in Mumbai. The company has shared this presentation with the exchanges in compliance with disclosure regulations, signaling active engagement with the investment community and ongoing efforts to keep stakeholders informed about its business and performance outlook.

V.S.T Tillers Tractors to Present Financial Results to Investors and Analysts

V.S.T Tillers Tractors Limited has informed the stock exchanges that it has prepared an investor presentation covering its financial results, in line with disclosure requirements under SEBI’s Listing Regulations. The presentation will be delivered during an analyst call scheduled for February 9, 2026, signaling ongoing engagement with investors and analysts and providing the market with structured insight into the company’s recent financial performance.

By formally notifying the National Stock Exchange of India and BSE Ltd., the company underscores its adherence to regulatory norms and commitment to transparency in financial reporting. The investor presentation is expected to help stakeholders better understand V.S.T Tillers Tractors’ current financial position and outlook, which can influence investor perceptions, valuation assessments, and overall confidence in the company’s governance practices.

VST Tillers Tractors Board Clears Q3 FY26 Unaudited Results After Limited Review

V.S.T Tillers Tractors Limited, a manufacturer of agricultural machinery including tillers and tractors, serves the farming and agri-business sectors in India and abroad.
The company’s Board of Directors approved the unaudited financial results for the quarter and nine months ended December 31, 2025, at a meeting held on February 7, 2026, and these results have undergone a limited review by the company’s independent chartered accountants in line with SEBI’s listing and disclosure regulations, providing interim financial transparency for investors and other market participants.

V.S.T Tillers Tractors Posts Strong Growth in January 2026 Sales Volumes

V.S.T Tillers Tractors Limited reported strong sales volumes for January 2026, with power tiller sales rising to 4,810 units from 3,105 a year earlier and tractor sales increasing to 447 units from 311 units in the same month of the previous year. On a year-to-date basis, total power tiller and tractor sales climbed to 46,868 units for the period ended January 2026, up from 31,432 units in the corresponding period of the prior year, indicating robust demand momentum and an expansion in the company’s market presence in the agricultural equipment space, although the company noted that these figures are unaudited and may be subject to revision.