V.S.T. Tillers Tractors Ltd.

•

vsttractors.comBSE: 531266NSE: VSTTILLERS

Market Cap₹ 3,543 Cr.

Current Price

High / Low₹ 6,374 / 4,062

Stock P/E32.5

Book Value₹ 1,316

Price to Book3.81

Dividend Yield0.61 %

ROCE13.7 %

ROE10.0 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Tillers: 59.1% • Others: 20.3% • Tractors: 19.8%

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

View full sector analysis →

PROS

Company is almost debt free
Company generates healthy free cash flow

CONS

Recent results are weak - TTM profit is down 20.7% versus prior year
Expensive relative to growth - PEG of 7.6

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsAutomobile & AncillariesAutomobiles-Tractors

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	ESCORTS	2958.30	23.93	33096.80	1.72	385.93	-97.24	3207.55	28.30	16.08	11.05
2.	VSTTILLERS	4094.95	32.53	3543.26	0.61	48.43	9.52	313.40	10.96	13.73	12.76
3.	INDOFARM	140.10	27.02	673.20	0.00	56.57	941.04	1102.43	1045.25	7.44	13.12

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	246	279	170	273	191	283	219	301	282	315	314	328	313
	214	235	160	234	177	246	200	261	245	274	274	282	279
Operating Profit	32	43	10	40	13	38	20	40	38	41	41	47	34
OPM %	12.88%	15.48%	5.61%	14.57%	7.02%	13.33%	8.92%	13.39%	13.28%	12.98%	12.95%	14.25%	10.98%
	18	14	18	10	21	27	-9	-1	26	3	7	-31	28
Interest	1	0	1	1	1	1	0	0	0	1	1	0	0
Depreciation	7	7	7	7	6	6	6	6	6	6	6	6	5
Profit before Tax	43	50	20	43	28	58	4	33	57	37	41	9	62
Tax %	22.54%	26.60%	16.63%	18.38%	18.22%	21.59%	60.42%	23.49%	21.27%	30.35%	24.76%	40.63%	22.13%
Net Profit	0	0	0	0	22	45	1	24	44	25	30	5	48
	38.19	42.19	19.53	40.22	26.00	51.85	1.48	28.27	51.16	28.90	35.21	5.89	55.97

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,006	968	995	1,240	1,271
	879	843	883	1,081	1,108
Operating Profit	128	125	111	160	163
OPM %	12.71%	12.87%	11.20%	12.86%	12.81%
	25	61	38	11	7
Interest	2	3	2	2	2
Depreciation	27	27	25	26	25
Profit before Tax	124	155	120	142	148
Tax %	25.48%	21.97%	22.82%	26.03%	25.98%
Net Profit	92	121	93	105	110
EPS	106.90	140.13	107.56	121.02	—
Dividend Payout %	23.39%	14.27%	18.59%	20.66%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 7%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 4%

STOCK PRICE CAGR

10 Years:: 8%
5 Years:: 8%
3 Years:: 5%
1 Year:: -24%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 11%
Last Year:: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	9	9	9	9
	816	915	991	1,082
	43	42	43	41
Trade Payables	131	99	99	101
	92	103	124	112
Total Liabilities	1,091	1,167	1,265	1,344
	240	228	219	211
Capital Work in Progress	14	5	10	18
	430	484	523	630
	108	118	101	123
	0	155	206	172
Cash & Bank	28	47	75	50
	271	130	132	141
Total Assets	1,091	1,167	1,265	1,344

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	67	49	77	132
Cash from Investing	-32	9	-29	-136
Cash from Financing	-19	-25	-20	-20
	-14	33	27	-24

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	55.63	55.63	55.63	55.63	55.61	55.61	55.61	55.61	55.55
	2.79	2.90	2.67	2.47	1.40	1.76	1.61	1.84	1.21
	17.97	19.10	20.47	20.72	21.72	21.41	20.59	19.61	19.97
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	23.60	22.36	21.22	21.17	21.26	21.22	22.18	22.94	23.28

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Copy of Newspaper Publication

2026-09-10 - V.S.T Tillers Tractors Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-03

Copy of Newspaper Publication

2026-09-03 - V.S.T Tillers Tractors Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-02

Copy of Newspaper Publication

2026-09-02 - V.S.T Tillers Tractors Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-01

Updates

2026-09-01 - V.S.T Tillers Tractors Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Reporting'.

2026-09-01

Shareholders meeting

2026-09-01 - V.S.T Tillers Tractors Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 23, 2026

2026-09-01

Record Date

2026-09-01 - V.S.T Tillers Tractors Limited has informed the Exchange that Record date for the purpose of Dividend is 16-Sep-2026.

2026-09-01

Monthly Business Updates

2026-09-01 - V.S.T Tillers Tractors Limited has informed the Exchange regarding Monthly Business Updates for the month of August 2026

2026-08-19

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-19 - V.S.T Tillers Tractors Limited has informed the Exchange about Transcript

2026-08-14

General Updates

2026-08-14 - V.S.T Tillers Tractors Limited has informed the Exchange about General Updates-News paper publication

News

Recent coverage and analyst commentary for VSTTILLERS

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V.S.T. Tillers Tractors Ltd.

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Name

ESCORTS

2958.30

23.93

33096.80

1.72

385.93

-97.24

3207.55

28.30

16.08

11.05

VSTTILLERS

4094.95

32.53

3543.26

0.61

48.43

9.52

313.40

10.96

13.73

12.76

INDOFARM

140.10

27.02

673.20

0.00

56.57

941.04

1102.43

1045.25

7.44

13.12

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

246

279

170

273

191

283

219

301

282

315

314

328

313

214

235

160

234

177

246

200

261

245

274

282

279

Operating Profit

OPM %

12.88%

15.48%

5.61%

14.57%

7.02%

13.33%

8.92%

13.39%

13.28%

12.98%

12.95%

14.25%

10.98%

-9

-1

-31

Interest

Depreciation

Profit before Tax

Tax %

22.54%

26.60%

16.63%

18.38%

18.22%

21.59%

60.42%

23.49%

21.27%

30.35%

24.76%

40.63%

22.13%

Net Profit

38.19

42.19

19.53

40.22

26.00

51.85

1.48

28.27

51.16

28.90

35.21

5.89

55.97

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

1,006

968

995

1,240

1,271

879

843

883

1,081

1,108

Operating Profit

128

125

111

160

163

OPM %

12.71%

12.87%

11.20%

12.86%

12.81%

Interest

Depreciation

Profit before Tax

124

155

120

142

148

Tax %

25.48%

21.97%

22.82%

26.03%

25.98%

Net Profit

121

105

110

EPS

106.90

140.13

107.56

121.02

—

Dividend Payout %

23.39%

14.27%

18.59%

20.66%

—

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

816

915

991

1,082

Trade Payables

131

101

103

124

112

Total Liabilities

1,091

1,167

1,265

1,344

240

228

219

211

Capital Work in Progress

430

484

523

630

108

118

101

123

155

206

172

Cash & Bank

271

130

132

141

Total Assets

1,091

1,167

1,265

1,344

Mar 2023

Mar 2024

Mar 2025

Mar 2026

132

Cash from Investing

-32

-29

-136

Cash from Financing

-19

-25

-20

-14

-24

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

55.63

55.61

55.55

2.79

2.90

2.67

2.47

1.40

1.76

1.61

1.84

1.21

17.97

19.10

20.47

20.72

21.72

21.41

20.59

19.61

19.97

Government

0.00

23.60

22.36

21.22

21.17

21.26

21.22

22.18

22.94

23.28

V.S.T. Tillers Tractors Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

V.S.T. Tillers Tractors Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI