1. Vietnam Stocks

  2. •

    Process industries

  3. •

    Agricultural commodities/Milling
VietNam National Seed Group Joint Stock Co

VietNam National Seed Group Joint Stock Co

HHOSE:NSC
59,000.00
VND
-2,000.00
(-3.28%)
1.28TMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
59,603.59
55,128.66
81,642.41
87,060.85
86,067.96
91,347.04
86,400.79
93,006.94
109,738.78
107,488.87
115,819.79
139,332.22
130,828.95
- -
Basic EPS, GAAP
9,517.62
9,410.58
8,123.84
11,462.1
11,994.47
13,587.73
11,488.23
10,822.73
12,480.71
12,554.96
12,718.86
12,401.43
12,479.36
- -
Free Cash Flow per Basic Share
- -
- -
- -
19,060.03
10,707.53
16,848.45
-977.32
4,053.05
6,090.93
9,828.43
11,082.57
-4,552.34
-5,576.98
10,673.56
Dividend per Share
3,001.4
1,182.33
3,999.88
2,789.28
2,652.09
1,800.71
1,702.25
3,139.64
4,540.2
6,108.3
5,124.55
4,174.63
4,081.66
6,146.48
Book Value per Share
29,875.6
48,705.18
52,648.29
58,287.57
60,491.11
55,228.75
59,910.06
63,920.49
69,514.84
71,964.69
77,178.35
81,188.85
88,175.55
88,591.84
Tangible Book Value per Share
27,625.43
47,153.8
23,509.17
31,089.59
35,108.38
34,790.15
41,225.75
45,807.07
52,944.1
56,911.94
63,017.86
68,287.92
75,849.13
75,917.01
Basic Weighted Avg Shares
10
13
15
15
18
18
18
18
18
18
18
18
18
17
Sales/Revenue/Turnover
597,814
719,136
1,248,623
1,330,783
1,512,603
1,605,380
1,518,452
1,634,552
1,928,606
1,889,065
2,035,477
2,448,696
2,299,256
- -
Operating Margin (%)
15.4
16.35
15.15
18.85
18.85
19.87
18.15
15.45
15.41
15.84
14.88
12.95
13.3
- -
Depreciation Expense
- -
- -
- -
58,308
58,112
59,578
60,711
73,977
74,100
74,135
74,047
80,708
67,484
59,746
Net Income, GAAP
95,460
122,758
141,630
175,206
210,797
238,798
201,900
190,204
219,342
220,647
223,528
217,949
219,319
- -
Effective Tax Rate (%)
3
1.72
11.94
10.1
8.21
8.71
13.2
8.95
9.38
14.69
13.73
17.08
17.72
- -
Profit Margin (%)
15.97
17.07
11.34
13.17
13.94
14.87
13.3
11.64
11.37
11.68
10.98
8.9
9.54
- -
Working Capital
234,843
268,691
362,704
444,453
410,598
478,961
313,825
332,127
448,552
532,654
623,102
688,961
866,144
893,366
LT Debt
- -
- -
57,888
7,763
7,165
77,764
61,678
33,204
- -
- -
- -
- -
- -
- -
Total Equity
327,204
750,671
1,002,651
1,085,676
1,059,271
1,052,594
1,128,580
1,201,443
1,304,633
1,351,258
1,446,135
1,520,645
1,648,624
1,656,263
Return on Invested Capital (%)
31.39
21.22
14.44
15.29
18.99
20.76
16.09
14.09
15.42
14.4
13.04
12.76
11.35
- -
Return on Capital (%)
31.65
22.14
13.02
13.58
16.06
19.57
15.92
14.21
15.61
14.6
14
12.95
12.02
- -
Return on Common Equity (%)
32.32
22.99
16.03
20.66
23.22
25.2
19.96
17.48
18.71
17.75
17.06
15.66
14.74
- -

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
591,408
697,396
867,434
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
18
18
18
Market Capitalization
1,356,753
1,295,242
1,282,940

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,793,520
1,834,655
2,035,402
Cash, Cash Equivalents & STI
530,627
661,305
674,730
Accounts Receivable, Net
302,481
172,182
224,474
Inventories
796,466
900,391
1,069,564
Total Current Liabilities
927,376
957,671
1,142,036
Payables & Accruals
- -
- -
- -
ST Debt
591,408
697,396
867,434
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.17%
6.55%
8.42%
Free Cash Flow
- -
1.17%
22.51%
Net Income, GAAP
5.14%
3.07%
0.63%
Sales/Revenue/Turnover
6.65%
7.58%
-6.1%
Total Cash Common Dividend
9.58%
8.45%
-2.23%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
350,502
631,867
497,260
969,067
2,448,696
2025
368,183
668,033
- -
770,716
2,299,256
2026
362,909
502,604
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,018.8
3,396
2,051
4,903
12,401.43
2025
2,106.01
3,410
- -
5,926
12,479.36
2026
2,342.16
2,565
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,035.93
57.79
2,011.18
53.47
4,174.63
2025
2,000
-1,945.58
4,046.04
7.13
4,081.66
2026
2,008.46
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Truong Quang Nguyen
Full Time Employees
643
Sector
Process industries
Industry
Agricultural commodities/Milling
Address
Ha Noi Vietnam
IPO Date
Dec 1, 2006
Website
vinaseed.com.vn
Similar Companies
Patanjali Foods Limited (NSE:PATANJALI)
Tilray Brands, Inc. (NASDAQ:TLRY)
Archer-Daniels-Midland Company (NYSE:ADM)
Corteva, Inc. (NYSE:CTVA)
Canopy Growth Corporation (NASDAQ:CGC)
Balrampur Chini Mills Ltd (NSE:BALRAMCHIN)
Business
VietNam National Seed Group Joint Stock Company is an agricultural technology and seed manufacturing enterprise based in Vietnam, primarily engaged in the research, breeding, selection, production, processing, and distribution of agricultural crop seeds and branded food products. Founded in 1968 and headquartered in Hanoi, Vietnam, the company operates as a core subsidiary of The PAN Group Joint Stock Company. The company organizes its commercial operations across two primary business segments: Plant Seeds and High-Quality Agricultural Food Products. Its systematic product and service offerings comprise: crop seeds, including hybrid and pureline rice seed varieties such as Dai Thom 8, RVT, VNR20, Thien Uu 8, Huong Chau 6, DB18, and Phuc Thai 168, hybrid corn and sweet maize seeds including HN88 and Sugar 75, and a broad range of vegetable, melon, and specialty crop seeds; high-value agricultural food products, featuring packaged premium rice lines marketed under proprietary brand names such as Ban Mai, VJ Pearl, Kim Cuong, and RVT, along with processed sweet corn, fresh produce, and dried agricultural goods; and agribusiness support services, consisting of seed technology transfer, agronomic consulting, industrial seed conditioning and processing, cold-chain storage solutions, and closed-loop contract farming services. VietNam National Seed Group Joint Stock Company maintains nationwide infrastructure with research stations, manufacturing facilities, and distribution networks spanning the Northern, Central, Highlands, and Southern agricultural zones of Vietnam, supported by major subsidiaries including Southern Seed Joint Stock Company and Quang Nam Seed Joint Stock Company, while exporting seed varieties and packaged agricultural products to regional markets in Southeast Asia as well as export destinations across Europe and North America. In recent developments, the company has expanded its research and development pipeline targeting climate-resilient and salinity-tolerant rice cultivars to address climate change challenges in the Mekong Delta, upgraded its high-tech industrial seed and agricultural processing complexes, scaled up closed-loop sustainable value chains in collaboration with domestic agricultural cooperatives, deepened export penetration for GlobalGAP-certified rice in European markets, and integrated digital product traceability systems across its nationwide supply chain network.