VST Tillers Tractors Ltd
NSE: VSTTILLERS · Agricultural, Commercial & Construction Vehicles · sector
₹3,863.00NSE close 2026-10-26
Key numbers
Market cap₹3,338 cr
Price₹3,863.00
52w high / low₹6,374 / ₹3,863
P/E30.7xSector median 25.6x
P/B3.0xSector median 2.7x
Book value₹1,266.3
Dividend yield0.52%Sector median 0.95%
ROE10.4%Sector median 11.3%
ROCE13.8%Sector median 14.3%
OPM13.2%Sector median 12.7%
Debt / equity0.00xSector median 0.00x
EV/EBITDA15.9xSector median 15.3x
Interest cover76.4x
Current ratio5.63x
Sales growth 3y+7.2%Sector median +9.1%
Profit growth 3y+4.3%Sector median +29.9%
PEG7.25x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 4 companies in Agricultural, Commercial & Construction Vehicles (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹664 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 76.4x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 3 of the last 5 years (FY25, FY24, FY23).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 6% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹3,863.00 on 2026-10-26: -39.4% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹6,262.50 · low ₹3,186.20
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 283 | 219 | 301 | 282 | 315 | 314 | 328 | 313 |
| EBITDA | 37 | 19 | 40 | 38 | 41 | 41 | 47 | 40 |
| OPM % | 13.2% | 8.8% | 13.2% | 13.3% | 13.0% | 12.9% | 14.2% | 12.9% |
| Other income | 27 | -9 | -1 | 26 | 3 | 7 | -31 | 28 |
| Net profit | 45 | 1 | 24 | 44 | 25 | 30 | 5 | 48 |
| EPS (₹) | 51.85 | 1.48 | 28.27 | 51.16 | 28.90 | 35.21 | 5.89 | 55.97 |
| Revenue YoY | +11.2% | +43.5% | +9.0% | +11.0% | ||||
| Profit YoY | -44.2% | +2,277.3% | -79.2% | +9.5% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 854 | 1,006 | 968 | 995 | 1,240 | 1,271 |
| EBITDA | 124 | 127 | 124 | 110 | 165 | 169 |
| Net profit | 99 | 92 | 121 | 93 | 105 | 109 |
| EPS (₹) | 114.95 | 107.00 | 140.13 | 107.60 | 121.16 | 125.97 |
| Revenue growth | +17.9% | -3.8% | +2.7% | +24.7% | +17.0% | |
| Profit growth | -7.0% | +31.1% | -23.2% | +12.6% | -5.0% | |
| Dividend / share (₹) | 20.00 | 20.00 | 25.00 | 20.00 | 20.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +7.2% | +10.2% | +17.0% |
| Net profit | +4.3% | +2.9% | -5.0% |
| EPS | +4.2% | +2.9% | – |
| Share price | – | -5.5% (2y) | -25.2% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 824 | 924 | 1,002 | 1,094 |
| Borrowings | – | 0 | 0 | 0 | 0 |
| Cash & equivalents | – | 371 | 485 | 558 | 664 |
| Total assets | – | 1,091 | 1,167 | 1,265 | 1,344 |
| Fixed assets | – | 234 | 222 | 211 | 204 |
| Capital work in progress | – | 14 | 5 | 10 | 18 |
| Investments | – | 87 | 46 | 40 | 16 |
| Receivables | – | 149 | 155 | 206 | 172 |
| Inventory | – | 108 | 118 | 101 | 123 |
| Payables | – | 131 | 99 | 99 | 101 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 153 | 36 | 49 | 77 | 132 |
| Cash from investing | -110 | -32 | 9 | -29 | -136 |
| Cash from financing | -18 | -19 | -24 | -20 | -20 |
| Capex | 29 | 24 | 7 | 20 | 26 |
| Free cash flow | 124 | 12 | 41 | 56 | 105 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 11.2% | 13.1% | 9.3% | 9.6% |
| ROCE % | – | 15.2% | 17.1% | 12.2% | 13.1% |
| Debtor days | – | 54 | 59 | 75 | 51 |
| Inventory days | – | 56 | 65 | 54 | 53 |
| Payable days | – | 68 | 55 | 53 | 43 |
| Cash conversion cycle (days) | – | 42 | 69 | 76 | 61 |
| Working capital days | – | 183 | 254 | 281 | 259 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 55.55% |
| FIIs | 1.10% |
| DIIs | 20.13% |
| of which Mutual funds | 15.28% |
| Public (non-institutions) | 23.22% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 55.63% | 55.63% | 55.61% | 55.61% | 55.61% | 55.61% | 55.55% | 55.55% |
| Promoter group | % |
|---|---|
| V V Vijayendra | 19.37% |
| V P Tiruvengadaswamy | 10.39% |
| V S T Motors Private Limited | 4.49% |
| S Mahalakshmi | 3.07% |
| Mitsubishi Heavy Industries Engine and Turbocharger Ltd | 2.93% |
| V V Pravindra | 2.59% |
| Arun Vellore Surendra | 2.49% |
| Padmanaban Motors LLP | 1.58% |
| K S and Sons LLP | 0.99% |
| V V Sujay | 0.84% |
| V T Velu Investments Private Limited | 0.78% |
| Gove Finance Limited | 0.76% |
| Mahendra Bharathi | 0.71% |
| V M Anand | 0.68% |
| V M Vishnu | 0.68% |
| Public holders above 1% | % |
|---|---|
| Kotak Aggressive Hybrid Fund | 9.48% |
| Nippon Life India Trustee Ltd-a/c Nippon India Small CAP Fund | 5.80% |
| Ikigai Emerging Equity Fund | 3.77% |
25,608 shareholders. Pledged: 0.00% of promoter shares.
Peers in Agricultural, Commercial & Construction Vehicles
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| ESCORTS | ₹28,819 cr | 20.5x | 2.3x | 12.2% | 14.8% | 12.1% | +11.0% | 1.37% |
| VSTTILLERS | ₹3,338 cr | 30.7x | 3.0x | 10.4% | 13.8% | 13.2% | +7.2% | 0.52% |
| JKIPL | ₹426 cr | 43.9x | 2.2x | 4.4% | 6.1% | 2.9% | – | – |
| SEEMAX | ₹25 cr | 14.4x | 5.6x | 39.1% | 91.6% | 25.6% | – | – |
All 4 companies in Agricultural, Commercial & Construction Vehicles →
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-16 | Dividend | Dividend - Rs 25 Per Share |
| 2025-09-03 | Dividend | Dividend - Rs 20 Per Share |
| 2024-09-12 | Dividend | Annual General Meeting/Dividend - Rs 20 Per Share |
| 2023-08-25 | Dividend | Annual General Meeting/Dividend - Rs 25 Per Share |
| 2022-08-11 | Dividend | Annual General Meeting/Dividend - Rs 20 Per Share |
| 2021-08-18 | Dividend | Annual General Meeting/Dividend - Rs 20 Per Share |
| 2020-09-16 | Other | Annual General Meeting |
| 2020-03-23 | Dividend | Interim Dividend - Rs 15 Per Share |
| 2019-08-01 | Dividend | Annual General Meeting/Dividend - Rs 15 Per Share |
| 2018-08-02 | Dividend | Annual General Meeting/Final Dividend- Rs 15 Per Share/ Special Dividend- 35 Per Share |
| 2017-08-03 | Dividend | Annual General Meeting/Dividend- Rs 15 Per Share |
| 2016-08-19 | Other | Annual General Meeting |
| 2016-03-21 | Dividend | Interim Dividend - Rs 15/- Per Share (Purpose Revised) |
| 2015-08-03 | Dividend | Annual General Meeting/Dividend - Rs 15/- Per Share |
| 2014-08-07 | Dividend | Annual General Meeting / Final Dividend - Rs 15/- Per Share |
| 2013-08-07 | Dividend | Annual General Meeting / Final Dividend - Rs 9/- Per Share |
| 2012-08-07 | Dividend | Annual General Meeting/ Dividend Rs 9 Per Share |
| 2011-08-03 | Dividend | Annual General Meeting And Dividend Rs.9/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing and Trading: VST Tillers Tractors Limited is engaged in the manufacturing and trading of tractors, power tiller and other agricultural machineries and their spare parts
| Sector | Industrials |
| Industry | Agricultural, Commercial & Construction Vehicles |
| Sub-industry | Tractors |
| Symbol | VSTTILLERS |
| BSE code | 531266 |
| ISIN | INE764D01017 |
| Face value | ₹10.0 |
| Incorporated | 1967-12-18 |
| Website | https://www.vsttractors.com |
| Plants (India / abroad) | 3 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.