V.S.T. Tillers Tractors Ltd.
•₹ 4,410.2-0.5%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Tractors: 54.9% • Others: 22.4% • Tillers: 21.9% • Other Operating Revenue: 0.5% • Job Works: 0.4%
PROS
- Company has delivered good profit growth of 39.3% CAGR over last 5 years
- Company is almost debt free
- Company has a consistent dividend-paying track record
- Company generates healthy free cash flow
CONS
- Receivables are growing faster than sales - a possible quality concern
- Recent results are weak - TTM profit is down 20.5% versus prior year
- A large part of profit comes from other income (31.4% of PBT)
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.52x)
- Operating margins have contracted to 10.6% from 17.8%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ESCORTS | 3088.40 | 24.99 | 34552.33 | 1.65 | 385.93 | -97.24 | 3207.55 | 28.30 | 16.08 | 11.05 |
| 2. | VSTTILLERS | 4431.70 | 35.20 | 3834.64 | 0.56 | 48.43 | 9.52 | 313.40 | 10.96 | 12.74 | 12.76 |
| 3. | INDOFARM | 138.05 | 26.62 | 663.35 | 0.00 | 56.57 | 941.04 | 1102.43 | 1045.25 | 7.76 | 13.12 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 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 |
| 43 | 50 | 20 | 43 | 28 | 58 | 4 | 33 | 57 | 37 | 41 | 9 | 62 | |
| Tax % | 22.54% | 26.60% | 16.63% | 18.38% | 18.22% | 21.90% | 55.73% | 23.49% | 21.27% | 30.35% | 24.76% | 40.63% | 22.02% |
| Net Profit | 33 | 36 | 17 | 35 | 23 | 45 | 2 | 25 | 45 | 25 | 31 | 5 | 49 |
| 38 | 42 | 20 | 41 | 26 | 52 | 2 | 29 | 52 | 29 | 36 | 6 | 6 | |
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 246
- 214
- Operating Profit
- —
- OPM %
- —
- Other Income
- 18
- Interest
- 1
- Depreciation
- 7
- 43
- Tax %
- 22.54%
- Net Profit
- 33
- 38
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 279
- 235
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 0
- Depreciation
- 7
- 50
- Tax %
- 26.60%
- Net Profit
- 36
- 42
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 170
- 160
- Operating Profit
- —
- OPM %
- —
- Other Income
- 18
- Interest
- 1
- Depreciation
- 7
- 20
- Tax %
- 16.63%
- Net Profit
- 17
- 20
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 273
- 234
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 1
- Depreciation
- 7
- 43
- Tax %
- 18.38%
- Net Profit
- 35
- 41
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 191
- 177
- Operating Profit
- —
- OPM %
- —
- Other Income
- 21
- Interest
- 1
- Depreciation
- 6
- 28
- Tax %
- 18.22%
- Net Profit
- 23
- 26
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 283
- 246
- Operating Profit
- —
- OPM %
- —
- Other Income
- 27
- Interest
- 1
- Depreciation
- 6
- 58
- Tax %
- 21.90%
- Net Profit
- 45
- 52
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 219
- 200
- Operating Profit
- —
- OPM %
- —
- Other Income
- -9
- Interest
- 0
- Depreciation
- 6
- 4
- Tax %
- 55.73%
- Net Profit
- 2
- 2
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 301
- 261
- Operating Profit
- —
- OPM %
- —
- Other Income
- -1
- Interest
- 0
- Depreciation
- 6
- 33
- Tax %
- 23.49%
- Net Profit
- 25
- 29
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 282
- 245
- Operating Profit
- —
- OPM %
- —
- Other Income
- 26
- Interest
- 0
- Depreciation
- 6
- 57
- Tax %
- 21.27%
- Net Profit
- 45
- 52
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 315
- 274
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 1
- Depreciation
- 6
- 37
- Tax %
- 30.35%
- Net Profit
- 25
- 29
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 314
- 274
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 1
- Depreciation
- 6
- 41
- Tax %
- 24.76%
- Net Profit
- 31
- 36
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 328
- 282
- Operating Profit
- —
- OPM %
- —
- Other Income
- -31
- Interest
- 0
- Depreciation
- 6
- 9
- Tax %
- 40.63%
- Net Profit
- 5
- 6
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 313
- 279
- Operating Profit
- —
- OPM %
- —
- Other Income
- 28
- Interest
- 0
- Depreciation
- 5
- 62
- Tax %
- 22.02%
- Net Profit
- 49
- 6
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 9
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 647 | 675 | 763 | 615 | 544 | 764 | 854 | 1,006 | 968 | 995 | 1,271 | |
| 534 | 574 | 644 | 570 | 526 | 672 | 729 | 879 | 843 | 883 | 1,108 | |
| Operating Profit | 125 | 128 | 165 | 90 | 41 | 138 | 159 | 153 | 185 | 150 | — |
| OPM % | 19 | 19 | 22 | 15 | 8 | 18 | 19 | 15 | 19 | 15 | — |
| Other Income | 12 | 26 | 45 | 45 | 24 | 46 | 34 | 25 | 61 | 38 | 7 |
| Interest | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 2 |
| Depreciation | 13 | 12 | 11 | 16 | 16 | 17 | 25 | 27 | 27 | 25 | 25 |
| 110 | 116 | 152 | 72 | 23 | 119 | 132 | 124 | 156 | 122 | 149 | |
| Tax % | 33 | 29 | 26 | 36 | 22 | 24 | 25 | 25 | 22 | 23 | 26 |
| Net Profit | 74 | 83 | 112 | 46 | 18 | 91 | 99 | 92 | 122 | 94 | 110 |
| EPS | 86 | 96 | 130 | 53 | 21 | 105 | 115 | 107 | 141 | 109 | — |
| Dividend Payout % | 17 | 0 | 39 | 28 | 72 | 19 | 17 | 23 | 14 | 18 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 86 | 96 | 130 | 53 | 21 | 105 | 115 | 107 | 141 | 109 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 86 | 96 | 130 | 53 | 21 | 105 | 115 | 107 | 141 | 109 | — |
Mar 2016
- 647
- 534
- Operating Profit
- 125
- OPM %
- 19
- Other Income
- 12
- Interest
- 3
- Depreciation
- 13
- 110
- Tax %
- 33
- Net Profit
- 74
- EPS
- 86
- Dividend Payout %
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 86
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 86
Mar 2017
- 675
- 574
- Operating Profit
- 128
- OPM %
- 19
- Other Income
- 26
- Interest
- 3
- Depreciation
- 12
- 116
- Tax %
- 29
- Net Profit
- 83
- EPS
- 96
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 96
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 96
Mar 2018
- 763
- 644
- Operating Profit
- 165
- OPM %
- 22
- Other Income
- 45
- Interest
- 2
- Depreciation
- 11
- 152
- Tax %
- 26
- Net Profit
- 112
- EPS
- 130
- Dividend Payout %
- 39
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 130
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 130
Mar 2019
- 615
- 570
- Operating Profit
- 90
- OPM %
- 15
- Other Income
- 45
- Interest
- 2
- Depreciation
- 16
- 72
- Tax %
- 36
- Net Profit
- 46
- EPS
- 53
- Dividend Payout %
- 28
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 53
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 53
Mar 2020
- 544
- 526
- Operating Profit
- 41
- OPM %
- 8
- Other Income
- 24
- Interest
- 2
- Depreciation
- 16
- 23
- Tax %
- 22
- Net Profit
- 18
- EPS
- 21
- Dividend Payout %
- 72
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 21
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 21
Mar 2021
- 764
- 672
- Operating Profit
- 138
- OPM %
- 18
- Other Income
- 46
- Interest
- 2
- Depreciation
- 17
- 119
- Tax %
- 24
- Net Profit
- 91
- EPS
- 105
- Dividend Payout %
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 105
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 105
Mar 2022
- 854
- 729
- Operating Profit
- 159
- OPM %
- 19
- Other Income
- 34
- Interest
- 2
- Depreciation
- 25
- 132
- Tax %
- 25
- Net Profit
- 99
- EPS
- 115
- Dividend Payout %
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 115
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 115
Mar 2023
- 1,006
- 879
- Operating Profit
- 153
- OPM %
- 15
- Other Income
- 25
- Interest
- 2
- Depreciation
- 27
- 124
- Tax %
- 25
- Net Profit
- 92
- EPS
- 107
- Dividend Payout %
- 23
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 107
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 107
Mar 2024
- 968
- 843
- Operating Profit
- 185
- OPM %
- 19
- Other Income
- 61
- Interest
- 3
- Depreciation
- 27
- 156
- Tax %
- 22
- Net Profit
- 122
- EPS
- 141
- Dividend Payout %
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 141
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 141
Mar 2025
- 995
- 883
- Operating Profit
- 150
- OPM %
- 15
- Other Income
- 38
- Interest
- 2
- Depreciation
- 25
- 122
- Tax %
- 23
- Net Profit
- 94
- EPS
- 109
- Dividend Payout %
- 18
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 109
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 109
TTM
- 1,271
- 1,108
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 2
- Depreciation
- 25
- 149
- Tax %
- 26
- Net Profit
- 110
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 6%
- 5 Years:
- 13%
- 3 Years:
- 5%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 3%
- 5 Years:
- 39%
- 3 Years:
- -2%
STOCK PRICE CAGR
- 10 Years:
- 9%
- 5 Years:
- 11%
- 3 Years:
- 13%
- 1 Year:
- -17%
RETURN ON EQUITY
- 10 Years:
- 13%
- 5 Years:
- 13%
- 3 Years:
- 12%
- Last Year:
- 10%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| 411 | 491 | 588 | 581 | 568 | 659 | 741 | 816 | 915 | 992 | |
| Trade Payables | 32 | 36 | 62 | 34 | 58 | 83 | 82 | 131 | 99 | 99 |
| 81 | 95 | 128 | 124 | 94 | 134 | 134 | 136 | 145 | 168 | |
| Total Liabilities | 533 | 631 | 786 | 748 | 729 | 885 | 966 | 1,091 | 1,167 | 1,267 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 127 | 127 | 136 | 183 | 184 | 226 | 244 | 240 | 228 | 219 | |
| Capital Work in Progress | 3 | 10 | 57 | 35 | 48 | 25 | 12 | 14 | 5 | 10 |
| 136 | 188 | 204 | 165 | 156 | 312 | 414 | 430 | 484 | 525 | |
| 80 | 71 | 78 | 124 | 102 | 107 | 101 | 108 | 118 | 101 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 155 | 206 | |
| Cash & Bank | 28 | 37 | 17 | 19 | 26 | 32 | 31 | 28 | 47 | 75 |
| 159 | 199 | 294 | 223 | 212 | 182 | 165 | 271 | 130 | 132 | |
| Total Assets | 533 | 631 | 786 | 748 | 729 | 885 | 966 | 1,091 | 1,167 | 1,267 |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 306 | 341 | 356 | 349 | 315 | 376 | 424 | 554 | 674 | 766 |
| Contingent Liabilities | 19 | 5 | 5 | 15 | 16 | 17 | 15 | 81 | 126 | 147 |
| Book Value per Share | 485.57 | 578.76 | 690.28 | 682.79 | 667.76 | 772.70 | 867.57 | 954.28 | 1069.29 | 1157.83 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 306 | 341 | 356 | 349 | 315 | 376 | 424 | 554 | 674 | 766 |
| Contingent Liabilities | 19 | 5 | 5 | 15 | 16 | 17 | 15 | 81 | 126 | 147 |
| Book Value per Share | 485.57 | 578.76 | 690.28 | 682.79 | 667.76 | 772.70 | 867.57 | 954.28 | 1069.29 | 1157.83 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2016
- Equity Capital
- 9
- 411
- Trade Payables
- 32
- 81
- Total Liabilities
- 533
- 127
- Capital Work in Progress
- 3
- 136
- 80
- 0
- Cash & Bank
- 28
- 159
- Total Assets
- 533
- Total Debt
- 0
- Net Working Capital
- 306
- Contingent Liabilities
- 19
- Book Value per Share
- 485.57
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 306
- Contingent Liabilities
- 19
- Book Value per Share
- 485.57
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 9
- 491
- Trade Payables
- 36
- 95
- Total Liabilities
- 631
- 127
- Capital Work in Progress
- 10
- 188
- 71
- 0
- Cash & Bank
- 37
- 199
- Total Assets
- 631
- Total Debt
- 0
- Net Working Capital
- 341
- Contingent Liabilities
- 5
- Book Value per Share
- 578.76
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 341
- Contingent Liabilities
- 5
- Book Value per Share
- 578.76
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 9
- 588
- Trade Payables
- 62
- 128
- Total Liabilities
- 786
- 136
- Capital Work in Progress
- 57
- 204
- 78
- 0
- Cash & Bank
- 17
- 294
- Total Assets
- 786
- Total Debt
- 0
- Net Working Capital
- 356
- Contingent Liabilities
- 5
- Book Value per Share
- 690.28
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 356
- Contingent Liabilities
- 5
- Book Value per Share
- 690.28
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 9
- 581
- Trade Payables
- 34
- 124
- Total Liabilities
- 748
- 183
- Capital Work in Progress
- 35
- 165
- 124
- 0
- Cash & Bank
- 19
- 223
- Total Assets
- 748
- Total Debt
- 0
- Net Working Capital
- 349
- Contingent Liabilities
- 15
- Book Value per Share
- 682.79
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 349
- Contingent Liabilities
- 15
- Book Value per Share
- 682.79
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 9
- 568
- Trade Payables
- 58
- 94
- Total Liabilities
- 729
- 184
- Capital Work in Progress
- 48
- 156
- 102
- 0
- Cash & Bank
- 26
- 212
- Total Assets
- 729
- Total Debt
- 0
- Net Working Capital
- 315
- Contingent Liabilities
- 16
- Book Value per Share
- 667.76
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 315
- Contingent Liabilities
- 16
- Book Value per Share
- 667.76
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 9
- 659
- Trade Payables
- 83
- 134
- Total Liabilities
- 885
- 226
- Capital Work in Progress
- 25
- 312
- 107
- 0
- Cash & Bank
- 32
- 182
- Total Assets
- 885
- Total Debt
- 0
- Net Working Capital
- 376
- Contingent Liabilities
- 17
- Book Value per Share
- 772.70
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 376
- Contingent Liabilities
- 17
- Book Value per Share
- 772.70
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 9
- 741
- Trade Payables
- 82
- 134
- Total Liabilities
- 966
- 244
- Capital Work in Progress
- 12
- 414
- 101
- 0
- Cash & Bank
- 31
- 165
- Total Assets
- 966
- Total Debt
- 0
- Net Working Capital
- 424
- Contingent Liabilities
- 15
- Book Value per Share
- 867.57
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 424
- Contingent Liabilities
- 15
- Book Value per Share
- 867.57
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 9
- 816
- Trade Payables
- 131
- 136
- Total Liabilities
- 1,091
- 240
- Capital Work in Progress
- 14
- 430
- 108
- 0
- Cash & Bank
- 28
- 271
- Total Assets
- 1,091
- Total Debt
- 0
- Net Working Capital
- 554
- Contingent Liabilities
- 81
- Book Value per Share
- 954.28
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 554
- Contingent Liabilities
- 81
- Book Value per Share
- 954.28
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 9
- 915
- Trade Payables
- 99
- 145
- Total Liabilities
- 1,167
- 228
- Capital Work in Progress
- 5
- 484
- 118
- 155
- Cash & Bank
- 47
- 130
- Total Assets
- 1,167
- Total Debt
- 0
- Net Working Capital
- 674
- Contingent Liabilities
- 126
- Book Value per Share
- 1069.29
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 674
- Contingent Liabilities
- 126
- Book Value per Share
- 1069.29
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 9
- 992
- Trade Payables
- 99
- 168
- Total Liabilities
- 1,267
- 219
- Capital Work in Progress
- 10
- 525
- 101
- 206
- Cash & Bank
- 75
- 132
- Total Assets
- 1,267
- Total Debt
- 0
- Net Working Capital
- 766
- Contingent Liabilities
- 147
- Book Value per Share
- 1157.83
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 766
- Contingent Liabilities
- 147
- Book Value per Share
- 1157.83
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 85 | 87 | 33 | 43 | 72 | 155 | 125 | 36 | 49 | 77 | |
| Cash from Investing | -43 | -75 | -36 | 11 | -33 | -148 | -110 | -32 | 9 | -29 |
| Cash from Financing | -34 | -3 | -17 | -54 | -33 | -2 | -19 | -19 | -25 | -20 |
| 9 | 9 | -19 | 0 | 7 | 6 | -4 | -14 | 33 | 27 | |
| Free Cash Flow | 80 | 69 | -28 | 6 | 45 | 119 | 104 | 15 | 42 | 57 |
| OCF / Net Profit | 1.15 | 1.05 | 0.30 | 0.94 | 4.02 | 1.71 | 1.26 | 0.39 | 0.40 | 0.81 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 172 | 211 | 246 | 289 | 325 | 336 |
| OCF / Net Profit | 1.15 | 1.05 | 0.30 | 0.94 | 4.02 | 1.71 | 1.26 | 0.39 | 0.40 | 0.81 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 172 | 211 | 246 | 289 | 325 | 336 |
Mar 2016
- 85
- Cash from Investing
- -43
- Cash from Financing
- -34
- 9
- Free Cash Flow
- 80
- OCF / Net Profit
- 1.15
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.15
- Cumulative 5-Year FCF
- 0
Mar 2017
- 87
- Cash from Investing
- -75
- Cash from Financing
- -3
- 9
- Free Cash Flow
- 69
- OCF / Net Profit
- 1.05
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.05
- Cumulative 5-Year FCF
- 0
Mar 2018
- 33
- Cash from Investing
- -36
- Cash from Financing
- -17
- -19
- Free Cash Flow
- -28
- OCF / Net Profit
- 0.30
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.30
- Cumulative 5-Year FCF
- 0
Mar 2019
- 43
- Cash from Investing
- 11
- Cash from Financing
- -54
- 0
- Free Cash Flow
- 6
- OCF / Net Profit
- 0.94
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.94
- Cumulative 5-Year FCF
- 0
Mar 2020
- 72
- Cash from Investing
- -33
- Cash from Financing
- -33
- 7
- Free Cash Flow
- 45
- OCF / Net Profit
- 4.02
- Cumulative 5-Year FCF
- 172
- OCF / Net Profit
- 4.02
- Cumulative 5-Year FCF
- 172
Mar 2021
- 155
- Cash from Investing
- -148
- Cash from Financing
- -2
- 6
- Free Cash Flow
- 119
- OCF / Net Profit
- 1.71
- Cumulative 5-Year FCF
- 211
- OCF / Net Profit
- 1.71
- Cumulative 5-Year FCF
- 211
Mar 2022
- 125
- Cash from Investing
- -110
- Cash from Financing
- -19
- -4
- Free Cash Flow
- 104
- OCF / Net Profit
- 1.26
- Cumulative 5-Year FCF
- 246
- OCF / Net Profit
- 1.26
- Cumulative 5-Year FCF
- 246
Mar 2023
- 36
- Cash from Investing
- -32
- Cash from Financing
- -19
- -14
- Free Cash Flow
- 15
- OCF / Net Profit
- 0.39
- Cumulative 5-Year FCF
- 289
- OCF / Net Profit
- 0.39
- Cumulative 5-Year FCF
- 289
Mar 2024
- 49
- Cash from Investing
- 9
- Cash from Financing
- -25
- 33
- Free Cash Flow
- 42
- OCF / Net Profit
- 0.40
- Cumulative 5-Year FCF
- 325
- OCF / Net Profit
- 0.40
- Cumulative 5-Year FCF
- 325
Mar 2025
- 77
- Cash from Investing
- -29
- Cash from Financing
- -20
- 27
- Free Cash Flow
- 57
- OCF / Net Profit
- 0.81
- Cumulative 5-Year FCF
- 336
- OCF / Net Profit
- 0.81
- Cumulative 5-Year FCF
- 336
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 85.81 | 95.73 | 129.61 | 53.32 | 20.84 | 105.07 | 114.95 | 106.90 | 140.65 | 109.28 |
| Book Value (₹) | 485.57 | 578.76 | 690.28 | 682.79 | 667.76 | 772.70 | 867.57 | 954.28 | 1069.29 | 1157.83 |
| Dividend per Share (₹) | 15.00 | 0.00 | 50.00 | 15.00 | 15.00 | 20.00 | 20.00 | 25.00 | 20.00 | 20.00 |
| Cash EPS (₹) | 100.33 | 109.41 | 142.18 | 71.59 | 39.77 | 124.84 | 143.93 | 138.09 | 171.91 | 138.76 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 19.34% | 18.82% | 21.59% | 14.08% | 7.22% | 17.22% | 17.77% | 14.56% | 12.26% | 10.60% |
| Net Margin % | 11.44% | 12.20% | 14.66% | 7.22% | 3.16% | 11.31% | 11.11% | 8.80% | 11.95% | 9.00% |
| ROE % | 18.95% | 17.99% | 20.43% | 7.77% | 3.09% | 14.59% | 14.02% | 11.74% | 13.90% | 9.82% |
| ROCE % | 28.83% | 25.88% | 28.11% | 12.48% | 4.24% | 19.47% | 18.88% | 16.00% | 18.10% | 12.88% |
| 14.74% | 14.20% | 15.81% | 6.01% | 2.44% | 11.25% | 10.73% | 8.98% | 10.76% | 7.76% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 61 | 69 | 76 | 81 | 62 | 40 | 31 | 38 | 55 | 63 |
| Inventory Days | 51 | 41 | 36 | 58 | 72 | 48 | 42 | 36 | 41 | 38 |
| Payable Days | 21 | 28 | 36 | 43 | 45 | 50 | 52 | 55 | 64 | 53 |
| 92 | 82 | 75 | 96 | 89 | 38 | 21 | 19 | 31 | 48 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 40.60x | 38.23x | 83.26x | 29.71x | 15.19x | 62.38x | 83.46x | 64.36x | 61.02x | 55.81x |
| 5.36x | 5.10x | 3.48x | 4.32x | 3.87x | 3.16x | 3.44x | 3.56x | 4.60x | 4.77x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 17.24% | 4.43% | 13.05% | -19.47% | -11.57% | 40.57% | 11.73% | 17.87% | -3.81% | 2.74% |
| Operating Profit Growth % | 11.74% | 1.72% | 29.36% | -45.55% | -54.26% | 236.51% | 14.89% | -3.77% | 21.18% | -19.20% |
| Net Profit Growth % | 6.64% | 11.57% | 35.39% | -58.86% | -60.91% | 404.15% | 9.40% | -7.00% | 31.57% | -22.27% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 31.57% | -22.30% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 23.10x | 35.49x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.04x | 3.35x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.62% | 0.52% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 14.90x | 21.90x |
Mar 2016
- EPS (₹)
- 85.81
- Book Value (₹)
- 485.57
- Dividend per Share (₹)
- 15.00
- Cash EPS (₹)
- 100.33
- Operating Margin %
- 19.34%
- Net Margin %
- 11.44%
- ROE %
- 18.95%
- ROCE %
- 28.83%
- 14.74%
- Debtor Days
- 61
- Inventory Days
- 51
- Payable Days
- 21
- 92
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 40.60x
- 5.36x
- Revenue Growth %
- 17.24%
- Operating Profit Growth %
- 11.74%
- Net Profit Growth %
- 6.64%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 95.73
- Book Value (₹)
- 578.76
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 109.41
- Operating Margin %
- 18.82%
- Net Margin %
- 12.20%
- ROE %
- 17.99%
- ROCE %
- 25.88%
- 14.20%
- Debtor Days
- 69
- Inventory Days
- 41
- Payable Days
- 28
- 82
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 38.23x
- 5.10x
- Revenue Growth %
- 4.43%
- Operating Profit Growth %
- 1.72%
- Net Profit Growth %
- 11.57%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 129.61
- Book Value (₹)
- 690.28
- Dividend per Share (₹)
- 50.00
- Cash EPS (₹)
- 142.18
- Operating Margin %
- 21.59%
- Net Margin %
- 14.66%
- ROE %
- 20.43%
- ROCE %
- 28.11%
- 15.81%
- Debtor Days
- 76
- Inventory Days
- 36
- Payable Days
- 36
- 75
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 83.26x
- 3.48x
- Revenue Growth %
- 13.05%
- Operating Profit Growth %
- 29.36%
- Net Profit Growth %
- 35.39%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 53.32
- Book Value (₹)
- 682.79
- Dividend per Share (₹)
- 15.00
- Cash EPS (₹)
- 71.59
- Operating Margin %
- 14.08%
- Net Margin %
- 7.22%
- ROE %
- 7.77%
- ROCE %
- 12.48%
- 6.01%
- Debtor Days
- 81
- Inventory Days
- 58
- Payable Days
- 43
- 96
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 29.71x
- 4.32x
- Revenue Growth %
- -19.47%
- Operating Profit Growth %
- -45.55%
- Net Profit Growth %
- -58.86%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 20.84
- Book Value (₹)
- 667.76
- Dividend per Share (₹)
- 15.00
- Cash EPS (₹)
- 39.77
- Operating Margin %
- 7.22%
- Net Margin %
- 3.16%
- ROE %
- 3.09%
- ROCE %
- 4.24%
- 2.44%
- Debtor Days
- 62
- Inventory Days
- 72
- Payable Days
- 45
- 89
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 15.19x
- 3.87x
- Revenue Growth %
- -11.57%
- Operating Profit Growth %
- -54.26%
- Net Profit Growth %
- -60.91%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 105.07
- Book Value (₹)
- 772.70
- Dividend per Share (₹)
- 20.00
- Cash EPS (₹)
- 124.84
- Operating Margin %
- 17.22%
- Net Margin %
- 11.31%
- ROE %
- 14.59%
- ROCE %
- 19.47%
- 11.25%
- Debtor Days
- 40
- Inventory Days
- 48
- Payable Days
- 50
- 38
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 62.38x
- 3.16x
- Revenue Growth %
- 40.57%
- Operating Profit Growth %
- 236.51%
- Net Profit Growth %
- 404.15%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 114.95
- Book Value (₹)
- 867.57
- Dividend per Share (₹)
- 20.00
- Cash EPS (₹)
- 143.93
- Operating Margin %
- 17.77%
- Net Margin %
- 11.11%
- ROE %
- 14.02%
- ROCE %
- 18.88%
- 10.73%
- Debtor Days
- 31
- Inventory Days
- 42
- Payable Days
- 52
- 21
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 83.46x
- 3.44x
- Revenue Growth %
- 11.73%
- Operating Profit Growth %
- 14.89%
- Net Profit Growth %
- 9.40%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 106.90
- Book Value (₹)
- 954.28
- Dividend per Share (₹)
- 25.00
- Cash EPS (₹)
- 138.09
- Operating Margin %
- 14.56%
- Net Margin %
- 8.80%
- ROE %
- 11.74%
- ROCE %
- 16.00%
- 8.98%
- Debtor Days
- 38
- Inventory Days
- 36
- Payable Days
- 55
- 19
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 64.36x
- 3.56x
- Revenue Growth %
- 17.87%
- Operating Profit Growth %
- -3.77%
- Net Profit Growth %
- -7.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 140.65
- Book Value (₹)
- 1069.29
- Dividend per Share (₹)
- 20.00
- Cash EPS (₹)
- 171.91
- Operating Margin %
- 12.26%
- Net Margin %
- 11.95%
- ROE %
- 13.90%
- ROCE %
- 18.10%
- 10.76%
- Debtor Days
- 55
- Inventory Days
- 41
- Payable Days
- 64
- 31
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 61.02x
- 4.60x
- Revenue Growth %
- -3.81%
- Operating Profit Growth %
- 21.18%
- Net Profit Growth %
- 31.57%
- 31.57%
- P/E (x)
- 23.10x
- P/B (x)
- 3.04x
- Dividend Yield %
- 0.62%
- 14.90x
Mar 2025
- EPS (₹)
- 109.28
- Book Value (₹)
- 1157.83
- Dividend per Share (₹)
- 20.00
- Cash EPS (₹)
- 138.76
- Operating Margin %
- 10.60%
- Net Margin %
- 9.00%
- ROE %
- 9.82%
- ROCE %
- 12.88%
- 7.76%
- Debtor Days
- 63
- Inventory Days
- 38
- Payable Days
- 53
- 48
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 55.81x
- 4.77x
- Revenue Growth %
- 2.74%
- Operating Profit Growth %
- -19.20%
- Net Profit Growth %
- -22.27%
- -22.30%
- P/E (x)
- 35.49x
- P/B (x)
- 3.35x
- Dividend Yield %
- 0.52%
- 21.90x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-19 - V.S.T Tillers Tractors Limited has informed the Exchange about Transcript
- General Updates
2026-08-14 - V.S.T Tillers Tractors Limited has informed the Exchange about General Updates-News paper publication
Annual Reports
Credit Ratings
- Credit Rating
2026-07-30 - V.S.T Tillers Tractors Limited has informed the Exchange about Credit Rating
Concalls
Aug 2026
May 2026
Feb 2026