1. India Stocks

  2. •

    Consumer Defensive

  3. •

    Tobacco
VST Industries Limited

VST Industries Limited

VSTIND.BO
VST Industries LimitedIN flagBombay Stock Exchange
268.65
INR
+0.30
- -
45.56BMarket Cap
VST Industries Limited
VSTIND.BO
(Bombay Stock Exchange)

Recent

price

268.65

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
34.05
40.04
39.07
46.2
48.86
51.74
54.06
55.72
64.62
72.89
65.34
69.27
75.95
83.43
82.12
- -
80.68
Revenue per Share
5.59
8.39
7.43
8.84
8.96
9.01
8.92
10.71
13.35
17.9
18.3
18.85
19.25
17.75
17.1
- -
17.25
Basic EPS, GAAP
2.41
6.85
4.72
4.59
5.52
4.69
5.94
22.06
15.56
18.22
14.12
13.44
-13.09
4.28
8.98
- -
- -
Free Cash Flow per Basic Share
3.18
4.75
6.87
6.65
7.45
7.66
7.66
8.21
8.49
10.41
9.36
10.36
12.68
13.59
13.59
- -
- -
Dividend per Share
6.25
6.92
6.96
7.46
7.83
8.32
17.99
19.96
23.5
29.22
36.09
42.81
0.91
50.08
61.06
- -
- -
Book Value per Share
15.56
17.08
17.9
19.32
20.4
30.54
31.73
34.27
39.09
46.33
55.36
63.25
69.44
73.73
77.88
- -
- -
Tangible Book Value per Share
170
170
170
170
170
170
170
170
170
170
170
170
170
170
170
- -
170
Basic Weighted Avg Shares
5,784
6,801
6,637
7,847
8,300
8,789
9,183
9,464
10,976
12,381
11,098
11,766
12,901
14,172
13,946
14,607
13,698
Sales/Revenue/Turnover
19.9
28.27
24.56
26.92
25.41
23.48
22.99
26.93
28.4
30.12
34.31
32.43
28.68
24.6
16.8
23.87
17.25
Operating Margin (%)
244
248
225
266
319
310
369
392
413
418
351
301
302
381
445
1,012
462
Depreciation Expense
950
1,425
1,262
1,502
1,522
1,531
1,515
1,819
2,268
3,041
3,108
3,202
3,270
3,016
2,904
2,923
2,930
Net Income, GAAP
29.76
32.35
31.41
32.96
33.46
32.42
34.37
34.91
35.31
27.64
25.52
25.22
23.76
23.59
21.43
25.07
21.53
Effective Tax Rate (%)
16.43
20.95
19.02
19.14
18.34
17.42
16.5
19.22
20.67
24.56
28
27.22
25.35
21.28
20.82
20.01
21.39
Profit Margin (%)
674
875
1,065
1,071
1,377
2,862
3,001
3,370
4,343
5,737
7,275
6,487
3,795
7,422
8,183
11,788
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
2,644
2,902
3,041
3,282
3,467
5,188
5,390
5,821
6,640
7,871
9,404
10,743
11,797
12,524
13,227
14,457
- -
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
156.29
127.45
107.14
122.6
117.18
111.6
67.81
56.44
61.47
67.92
56.03
47.79
88.07
69.63
30.77
48.44
293.11
Return on Capital (%)
156.29
127.45
107.14
122.6
117.18
111.6
67.81
56.44
61.47
67.92
56.03
47.79
88.07
69.63
30.77
48.44
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
170
- -
Market Capitalization
57,180
44,537
52,220

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
12,882
- -
Cash, Cash Equivalents & STI
- -
3,388
- -
Accounts Receivable, Net
- -
641
- -
Inventories
- -
4,846
- -
Total Current Liabilities
- -
4,699
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.91%
9.02%
9.3%
Free Cash Flow
5.32%
-41.96%
15.36%
Net Income, GAAP
7.43%
-1.14%
0.64%
Sales/Revenue/Turnover
5.46%
5.73%
4.75%
Total Cash Common Dividend
- -
- -
-26.53%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,331
3,481
3,618
3,741
14,172
2025
3,206
3,590
3,663
3,486
13,946
2026
2,959
3,730
4,565
- -
14,607

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.93
4.47
3.16
- -
17.75
2025
3.15
2.8
8.02
3.13
17.1
2026
3.3
3.55
6.87
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
13.59
2025
- -
- -
- -
- -
13.59
2026
- -
- -
- -
- -
- -
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Business
VST Industries Limited manufactures and sells cigarettes and unmanufactured tobacco in India. The company produces a portfolio of cigarette brands including Total, Charms, Charminar, Editions, Special, Moments, Total Royal Twist, Total Active Mint, Shah-I-Deccan, Vazir, Qila and Ambassador; it also sells unmanufactured tobacco and tobacco by-products such as dust, stems and reconstituted sheets. VST Industries operates manufacturing facilities in Hyderabad and Toopran, Telangana, with regional offices across India including Mumbai, Delhi, Kolkata, Chennai, Lucknow and Guwahati, and exports to markets such as the United Arab Emirates, Europe, Africa and Southeast Asia. Incorporated in 1930 as Vazir Sultan Tobacco Company Limited and renamed VST Industries Limited in 1983, the company is headquartered at Azamabad, Hyderabad, Telangana, with shares listed on BSE Limited and National Stock Exchange of India Limited; British American Tobacco holds a 32.16% stake. Recent developments include the launch of innovative cigarette variants such as Total Royal Twist in 2021 and Total Active Mint in 2022 to drive incremental volumes and market share in the mid-price segment; expansion of operational coverage to over 80% of India with enhanced outlet penetration exceeding 11 lakh points; investments in high-speed makers and packers for productivity gains; CSR spending of Rs 8.44 crore in FY 2024-25; and compliance with COTPA graphic health warnings amid ongoing industry litigations.