Skip to content
thestock.space

On 6 Nov 2026, VST Industries was priced at ₹194.08, or 12.7× trailing earnings, against an industry P/E of 11.6×, and the shares are 32% below their 52-week high. It earns ROCE of 24% and ROE of 20%, and sales grew 4.2% a year over 3 years while net profit fell 3.7%. Its dividend yield is 6.2%. It is a small-cap company with a market cap of ₹3,291 Cr, ranked 3rd of 7 Tobacco companies by market cap; the shares fell 26% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹193.74
Day high
₹194.38
Day low
₹191.30
Prev. close
₹192.38
Volume
1.2 L

Health check

1 good · 4 fair · 1 to check
  • ReturnsAhead

    −25.9% over a year, better than 5 of 6 peers.

  • Price tagIn line

    P/E 12.7 vs industry 11.6.

  • GrowthSteady

    Sales +4.2%, profit −3.7% a year over 3 years.

  • ProfitabilityAverage

    ROCE 23.7% vs peer median 30.0%.

  • Balance sheetFair

    Piotroski 5 of 9.

  • Red flags3 to check

    Quarterly profit down 30.9% on a year ago.

Compared with 6 industry peers. Computed from reported figures. Educational, not a recommendation.

Tobacco

6 listed peers. Screen the industry

Small cap

₹3,291 Cr, #3 of 7 in its industry by size.

Defensive

Beta 0.39 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹1,328 Cr · profit ₹260 Cr
Market cap
₹3,291 Cr
Small cap
P/E
12.7
Industry 11.6
Price to book
2.49
Peers 3.48
Dividend yield
6.18%
ROE
20.1%
Peers 26.6%
ROCE
23.7%
Peers 30.0%
Debt to equity
n/a
Debt ₹0.00 Cr
EPS (TTM)
₹15.33
Face value ₹10
OPM (TTM)
29.2%
Net margin 19.6%
Sales growth
−28.2%
Latest quarter vs a year ago
Profit growth
−30.9%
Latest quarter vs a year ago
Price to sales
2.48
EV/EBITDA 6.9

Strengths and risks

Strengths

  • Return on equity of 20.1%.
  • Return on capital employed of 23.7%.
  • Dividend yield of 6.18%.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Quarterly profit down 30.9% on a year ago.
  • Quarterly sales down 28.2% on a year ago.
  • 32% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About VST Industries

VST Industries Limited engages in the manufacturing, trading, and marketing of cigarettes, tobacco, and tobacco products in India and internationally. It sells unmanufactured tobacco. The company was formerly known as Vazir Sultan Tobacco Company Limited and changed its name to VST Industries Limited in April 1983. VST Industries Limited was incorporated in 1930 and is based in Hyderabad, India.

Headquarters
Hyderabad
Employees
712
Sector
Consumer Defensive
ISIN
INE710A01016
Website
vsthyd.com

Price range

52 weeks

₹184.11₹286.78

Today

₹191.30₹194.38
Avg volume (3M)
1.2 L
1-year return
minus 25.9%
From 52-week high
minus 32.3%

Peers · Tobacco

Compare with peersScreen the whole industry
Company
ITCITC283.15plus 1.54%3,54,84118.84.9836.5%26.8%32.1%3.6%2.5%5.65%minus 31.8%
GODFRYPHLPGodfrey Phillips India1,790.00minus 0.22%27,91922.34.4930.0%26.6%21.7%21.6%30.3%2.79%minus 40.6%
VSTINDVST Industries194.08plus 0.88%3,29112.72.4923.7%20.1%29.2%4.2%−3.7%6.18%minus 25.9%
ELITECONElitecon International6.10minus 4.54%9755.32.4634.2%63.6%7.6%343.9%–0.00%minus 64.4%
NTCINDNTC Industries119.66minus 1.89%1748.20.8311.0%9.3%23.6%31.6%45.7%0.00%minus 15.8%
GOLDENTOBCGolden Tobacco21.00minus 3.18%3710.6−0.18––−14.4%––0.00%minus 36.2%
SINNARSinnar Bidi Udyog594.80minus 3.76%24–5.59−1.8%−3.1%0.2%−8.4%–0.00%minus 27.6%
Median of 6 peers–−2.54%57410.63.4830.0%26.6%14.6%21.6%30.3%0.00%−34.0%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
296373457256241
219287248206198
76.985.920849.743.2
26.0%23.0%45.7%19.4%18.0%
10.89.19.519.820.9
11.813.963.411.210.8
7681.115558.353.3
26.1%25.7%24.5%27.2%23.0%
56.160.211742.441
3.303.556.872.502.41

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+4.2%
Profit CAGR 3Y
−3.7%
EPS CAGR 3Y
−3.7%
ROE
20.1%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,2901,4171,3951,461
–+9.9%minus 1.6%+4.7%
8901,0301,1161,011
400387279450
31.0%27.3%20.0%30.8%
19.815.715.216.5
30.238.144.5101
39.130.312024.8
429395370390
23.8%23.6%21.4%25.1%
327302290292
–minus 7.8%minus 3.7%+0.6%
19.2517.7517.1017.21

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
15.415.4170170
1,1641,2371,1531,276
474468493570
1,6541,7201,8162,016
601316309246
11.247.72.42.3
2022001990.1
384271339582
4558859661,185
1,6541,7201,8162,016

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
181167193218
46.779.39.8−31.4
−224−231−221−170
4.615.6−18.117.4
−404−94.3−41−42.4
−22272.7152176
−215−231−231−170

Shareholding pattern

Source: NSE filings
32.2%
promoters
  • Promoters32.16%
  • Public67.65%
  • Employee trusts0.19%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202632.16%67.65%0.00
30 Jun 202632.16%67.65%0.00
31 Mar 202632.16%67.65%0.00
31 Dec 202532.16%67.65%0.00
30 Sep 202532.16%67.65%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you