VST Tillers Tractors Ltd

VST Till. Tract. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

VST Tillers Tractors Ltd

₹ 5,035 -0.45%
04 Dec 2:12 p.m.
vsttillers.com BSE: 531266 NSE: VSTTILLERS
About

VST Tillers Tractors Ltd. was established in the year 1967 by the VST Group of companies, a well-known century-old business house in South India. The founder of the group was Sri V.S. Thiruvengadaswamy Mudaliar.
VST Tillers Tractors Ltd. was promoted by VST Motors as a joint venture since 1966 with Mitsubishi Heavy Industries Ltd, Japan. The company is now the largest manufacturer of Power Tillers in India.

All of the collaborations have expired [1] and today VST family holds 51% of the equity in the listed company that has recorded consistent growth. [2]

Key Points

Brands
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. [1]

Website BSE NSE
  • Market Cap ₹ 4,350 Cr.
  • Current Price ₹ 5,035
  • High / Low ₹ 5,200 / 2,961
  • Stock P/E 36.6
  • Book Value ₹ 1,128
  • Dividend Yield 0.40 %
  • ROCE 17.6 %
  • ROE 13.5 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

  • Earnings include an other income of Rs.76.6 Cr.

* 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

Sector: Automobile Industry: Automobiles - Tractors

Part of BSE SmallCap BSE Allcap BSE Industrials

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
214 323 246 279 170 273 191 283
190 268 214 235 160 234 178 246
Operating Profit 23 55 32 43 9 39 13 37
OPM % 11% 17% 13% 15% 6% 14% 7% 13%
9 5 18 14 18 10 21 27
Interest 0 0 1 0 1 1 1 1
Depreciation 7 7 7 7 7 7 6 6
Profit before tax 25 53 43 50 20 43 28 57
Tax % 22% 24% 23% 27% 17% 19% 18% 22%
19 40 33 36 17 35 22 45
EPS in Rs 22.49 46.47 38.19 42.19 19.53 40.22 26.01 51.85
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 TTM
1,006 968 917
878 844 818
Operating Profit 128 124 99
OPM % 13% 13% 11%
25 60 77
Interest 2 3 2
Depreciation 27 27 26
Profit before tax 124 155 148
Tax % 25% 22%
92 121 119
EPS in Rs 106.90 140.14 137.61
Dividend Payout % 23% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -14%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -8%
Stock Price CAGR
10 Years: 14%
5 Years: 36%
3 Years: 21%
1 Year: 26%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Sep 2024
Equity Capital 9 9 9
Reserves 816 915 966
2 1 9
264 242 225
Total Liabilities 1,091 1,167 1,208
261 250 243
CWIP 14 5 7
Investments 430 484 495
385 428 463
Total Assets 1,091 1,167 1,208

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024
36 49
-32 9
-19 -24
Net Cash Flow -14 33

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024
Debtor Days 54 58
Inventory Days 56 65
Days Payable 68 55
Cash Conversion Cycle 42 69
Working Capital Days 50 72
ROCE % 18%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
54.82% 54.82% 54.82% 55.58% 55.58% 55.58% 55.58% 55.58% 55.58% 55.64% 55.64% 55.64%
5.67% 5.54% 5.43% 3.98% 1.26% 1.26% 1.76% 2.07% 2.02% 1.88% 2.79% 2.90%
15.20% 15.85% 16.40% 16.39% 19.73% 19.79% 18.97% 17.24% 16.61% 16.87% 17.97% 19.10%
24.30% 23.79% 23.35% 24.03% 23.42% 23.37% 23.69% 25.12% 25.79% 25.62% 23.60% 22.37%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00%
No. of Shareholders 22,20520,68220,87721,70721,60423,73023,92325,45626,12126,85525,19024,066

* 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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