VST Tillers Tractors Ltd
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]
- Market Cap ₹ 3,513 Cr.
- Current Price ₹ 4,066
- High / Low ₹ 4,474 / 2,961
- Stock P/E 31.8
- Book Value ₹ 1,069
- Dividend Yield 0.61 %
- ROCE 18.0 %
- ROE 13.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Earnings include an other income of Rs.63.8 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|
1,006 | 968 | 912 | |
879 | 844 | 807 | |
Operating Profit | 127 | 124 | 105 |
OPM % | 13% | 13% | 12% |
25 | 61 | 64 | |
Interest | 1 | 2 | 2 |
Depreciation | 27 | 27 | 27 |
Profit before tax | 124 | 155 | 140 |
Tax % | 25% | 22% | |
92 | 121 | 111 | |
EPS in Rs | 106.92 | 140.12 | 127.95 |
Dividend Payout % | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -4% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 31% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 32% |
3 Years: | 17% |
1 Year: | 17% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2023 | Mar 2024 | |
---|---|---|
Equity Capital | 9 | 9 |
Reserves | 816 | 915 |
2 | 1 | |
264 | 242 | |
Total Liabilities | 1,091 | 1,167 |
261 | 250 | |
CWIP | 14 | 5 |
Investments | 430 | 484 |
385 | 428 | |
Total Assets | 1,091 | 1,167 |
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 | 191 | 237 |
ROCE % | 18% |
Documents
Announcements
Annual reports
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Financial Year 2011
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Financial Year 2011
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Concalls
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Aug 2024Transcript PPT
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Feb 2018TranscriptPPT
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Aug 2017TranscriptPPT
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]