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Prices as of 9 Oct 2026 close · Not investment advice

V.S.T Tillers Tractors Limited

NSE: VSTTILLERSTractors

Share price

₹4,235.10

+0.56% close of 9 Oct 2026

Market cap ₹3,812 CrP/E 35.0

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

61

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹3,812 Cr

P/E ratio

35.0

P/B ratio

3.4

ROCE

13.7%

ROE

10.0%

Dividend yield

0.6%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹6,262.5052-week low ₹3,996.50

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 17.0% over the past year, and 9.5% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales held steady, near 13.2% over the last four years.

Whether it grew faster than its sector

It grew 9.5% a year against a sector median of 10.6% — 1.1 percentage points slower.

Room to re-rate, or risk of de-rating

At 35.0× earnings against a market that pays 24.1× across 2199 companies we can price. Its own industry sits at 43.8×, across 5 companies. It is against its own five-year median of 36.2×, the 40th percentile of its own range.

Whether growth justifies the valuation

Priced at 7.0 times its growth rate, on earnings growth of 5%.

Profit growthPrice per ₹1 profitPer 1% growth
V.S.T Tillers Tractors Limited — this one5%/yr35.0×₹7.0
Hindustan Aeronautics16%/yr33.4×₹2.1
Bharat Electronics27%/yr43.8×₹1.6
Bharat Heavy Electricals36%/yr62.0×₹1.7
Tata Motors Limited—20.3×—
ABB India—92.4×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies across the whole Capital Goods sector, it ranks 212 of 411 on returns, 214 of 390 on growth, 192 of 410 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 13.7% on capital, ahead of 48% of companies across its whole sector. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the 4 years of cash statements on file it made ₹294 crore of cash from the business, spent ₹79 crore on plant and equipment, and returned ₹83 crore to lenders and shareholders.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

9 of 9 checks clear · 100%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 13 Aug 2026 · Consolidated · Unaudited

Revenue

₹313 Cr

Revenue vs last year

+11.0%

Revenue vs last quarter

-4.6%

Net profit

₹48 Cr

Profit vs last year

+9.5%

Profit vs last quarter

+851.5%

Net margin

15.5%

EPS

₹55.97

Earnings call transcript · 13 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹3,812 Cr
Prev close
₹4,235.10
52w High
₹6,374
52w Low
₹3,950
Enterprise value
₹3,149 Cr
Beta
1.1
Price CAGR 1y
-21.0%
Price CAGR 3y
5.0%
Price CAGR 5y
7.0%
Price CAGR 10y
9.0%

Ratios

Return on assets
7.8%
PEG ratio
6.7
P/E ratio
35.0
P/B ratio
3.4
EV / EBITDA
18.9
Industry P/E
30.7
ROCE
13.7%
ROCE 5y average
14.7%
ROE
10.0%
Debt / Equity
0.0
Interest coverage
72.0
Dividend yield
0.6%
ROE 3y average
11.0%
ROE last year
10.0%

Annual P&L

Annual revenue
₹1,240 Cr
Annual profit
₹105 Cr
Operating margin
13.0%
Net profit margin
8.5%
EBITDA margin
13.3%
Sales growth 3y
7.2%
Sales growth 5y
—
Profit growth 3y
5.0%
Profit growth 5y
—
EPS
₹121
Sales growth TTM
17.0%
Profit growth TTM
-5.0%
Dividend payout
21.0%

Quarter P&L

Sales latest quarter
₹313 Cr
Profit latest quarter
₹48 Cr
YoY quarterly sales growth
11.0%
YoY quarterly profit growth
9.1%
OPM latest quarter
12.8%

Balance Sheet

Book Value
₹1,216
Face Value
₹10.0
Total debt
₹2 Cr
Total cash
₹50 Cr
Borrowings
₹2 Cr
Reserves / Equity
120.6

Cash Flow

Operating cash flow
₹132 Cr
Free cash flow
₹105 Cr
FCF yield
2.7%
Net cash flow
-₹24 Cr

Shareholding

Promoter holding
55.5%
FII holding
1.2%
DII holding
20.0%
Public holding
23.3%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Escorts Kubota2,774.9021.831,0451.18385.923.63,207.628.313.9
VST Till. Tract.4,209.1033.53,6420.5948.49.5313.411.013.7
Gurunanak Agri.32.506.4390.004.036.526.034.627.3
Median3,492.0027.617,3440.89217.216.61,760.519.613.8

Competes with: Escorts Kubota Limited, Indo Farm Equipment Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales246279170273191283219301282315314328313
Expenses214235160234178246200262245275274282273
Material Cost148176199196174182
Change in Inventories42-15-7.57-9.2725-1.35
Purchases of Stock-in-Trade203026312435
Employee Cost252628302930
Other Expenses282829273028
Operating Profit3243939133719403740404740
OPM %13155.57146.82138.81131313131413
Other Income181418102127-9-12637-3128
Exceptional items (within Other Income)-0.56000-0.200
Interest1011110001100
Depreciation7777666666665
Profit before tax435020432857432563641962
Tax %23271719182264242131254222
Net Profit333617352245124442530548
EPS in Rs3842204026521.48285129355.8856
Diluted EPS in Rs285129355.8656

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,0069689951,2401,271
Expenses8788448851,0751,104
Material Cost581745
Change in Inventories18-6.76
Purchases of Stock-in-Trade85111
Employee Cost101113
Other Expenses99113
Operating Profit128124110165167
OPM %1313111313
Other Income25603847
Exceptional items (within Other Income)-1.49-1.28
Interest231.961.912
Depreciation2727252625
Profit before tax124155120142148
Tax %25222326
Net Profit9212193105109
EPS in Rs107140108121126
Diluted EPS in Rs107121
Dividend Payout %23141921

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
—
5 years
—
3 years
7%
TTM
17%

Compounded profit growth

10 years
—
5 years
—
3 years
5%
TTM
-5%

Stock price CAGR

10 years
9%
5 years
7%
3 years
5%
1 year
-21%

Return on equity

10 years
—
5 years
—
3 years
11%
Last year
10%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2023Mar 2024Mar 2025Mar 2026
Equity Capital98.648.648.65
Reserves8169159931,085
Borrowings2122
Other Liabilities264242261248
Total Liabilities1,0911,1671,2651,344
Fixed Assets261250240232
CWIP1451018
Investments430484523630
Other Assets385428492464
Total Assets1,0911,1671,2651,344

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity364977132
Cash from Investing Activity-329-29-136
Cash from Financing Activity-19-24-20-20
Net Cash Flow-143328-24
Free Cash Flow124157106

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2023Mar 2024Mar 2025Mar 2026
Debtor Days54587551
Inventory Days56655453
Days Payable68555343
Cash Conversion Cycle42697660
Working Capital Days50727664
ROCE %181214

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters565656565656565656565656
FIIs2.072.021.882.792.902.672.471.401.761.611.841.21
DIIs171717181920212221212020
Public252626242221212121222323
No. of Shareholders25,45626,12126,85525,19024,06623,32124,10420,24321,23722,69424,07624,293

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -23.5% (₹5,539.00 → ₹4,235.10)Brick size ₹165.44 (fixed)Bricks 33
₹4,000₹5,000₹6,000₹4,235Nov '25Jan '26Mar '26May '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹4,235.10 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-663inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

1,50,34,667inr

2026-03-31

News

News and filings about V.S.T Tillers Tractors Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • castings & components (engines, transmissions, precision parts)
  • steel

Depends on the price of

  • aluminium
  • steel

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Capital Goods
Industry
Tractors
Classification
Capital Goods › Tractors
ISIN
INE764D01017

Plants

  • Hosur Manufacturing Plant
  • Malur Manufacturing Plant
  • Mysuru Manufacturing Plant

News impact

Big market events that reach V.S.T Tillers Tractors Limited, and how the effect spreads.

Who it hits first

  • Escorts Kubota, a tractor maker, sold 16.7% fewer tractors this September than a year ago and its shares fell 6%.
  • V.S.T Tillers Tractors, a maker of small tractors and tillers, grew total sales 33% and its shares rose 5%.
  • Escorts blamed a high year-ago base, a shifted festival calendar, patchy monsoon and lower Kharif crop sowing for the miss.
  • Fellow tractor maker Mahindra & Mahindra has no fundamentals row in the pack so it gets no signal here despite the clear sector read-through.

Who may gain

  • V.S.T Tillers Tractors (small tractors and tillers): September sales up 33%, shares up 5%.
  • Village dealers stocking VST machines: roughly a third more units moving this September.
  • Farmers buying small machines ahead of festivals: stronger supply and choice from VST's volume jump.

Along the supply chain

Downstream

No listed downstream buyers in the pack — both firms sell through dealers to farmers — so Escorts dealers absorb a weak September while VST dealers move a third more machines, with festive buying deciding October.

Upstream

Makers feeding Escorts Kubota — including Tube Investments of India, Sona BLW Precision Forgings, Craftsman Automation, Shriram Pistons & Rings and Minda Corporation, all listed as its suppliers — face softer near-term orders after the 16.7% volume drop; VST Tillers' four listed suppliers see firmer orders on its 33% jump.

Where demand moves

Business

Farm demand for tractors split: buyers skipped Escorts Kubota's lineup in September (volumes down 16.7% on weak monsoon and sowing) but bought far more VST small tractors and tillers (up 33%), so real product demand moved toward smaller machines.

Capital

Investor money rotated the same way — selling Escorts shares down 6% and buying VST up 5% — while Escorts' parts suppliers face thinner near-term orders and VST's small supplier chain sees firmer ones.

How it spreads across sectors

Automobile and Auto Components

Mixed: Escorts-linked parts makers face softer near-term orders while VST's chain firms; car, bike and bus makers are unaffected.

Capital Goods

Split verdict: Escorts Kubota weak on the 16.7% miss, VST Tillers strong on +33%; both sit in this sector per the data.

FMCG

Watch rural demand: the patchy monsoon and weak Kharif sowing behind Escorts' miss can also dent village spending on daily goods.

A pattern seen before

Cascade chain

  • Patchy monsoon + lower Kharif sowing → softer September tractor demand (Escorts -16.7%)
  • Festival-calendar shift + high year-ago base → magnify the miss; shares -6%
  • Small-machine demand holds → VST Tillers +33% volumes, +5% shares
  • Festive buying + rural liquidity → October volumes decide the wider auto read-through

Pattern name

Monsoon Cascade

Patterns

  • Monsoon Cascade

Sectors queried

  • FMCG

When it plays out

Immediate

Escorts shares stay soft and VST firm for a few days as the 16.7% miss and 33% beat sink in; Escorts parts suppliers trim dispatches.

Medium term

Rabi sowing, rural cash and liquidity decide tractor demand into early 2027; brokerages' auto-volume view hinges on this recovery.

Short term

Festive buying and October sales show whether Escorts rebounds or monsoon-driven weakness lingers; VST confirms whether +33% was real demand or dealer stocking.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

16 Sep 2026unspecified₹25
3 Sep 2025unspecified₹20
12 Sep 2024unspecified₹20
25 Aug 2023unspecified₹25
11 Aug 2022unspecified₹20
18 Aug 2021unspecified₹20
23 Mar 2020interim₹15
1 Aug 2019unspecified₹15

Splits, bonuses & buybacks

  • daily-prices repair: 8 rows from NSE's archive (replace 1, delete 0, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.