| Annual Financials | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
Revenue  | 854 | 903 | 943 | 972 | 1,138 | 1,287 | 1,153 | 1,225 | 1,369 | 1,500 | 1,433 | 1,491 |
| Expenses | 594 | 646 | 675 | 654 | 746 | 825 | 700 | 767 | 910 | 1,067 | 1,119 | 1,057 |
| EBITDA | 261 | 258 | 268 | 319 | 392 | 462 | 452 | 458 | 459 | 433 | 314 | 435 |
| Operating Profit % | 29 % | 27 % | 27 % | 31 % | 32 % | 33 % | 37 % | 35 % | 30 % | 25 % | 20 % | 22 % |
| Depreciation | 32 | 31 | 37 | 39 | 41 | 42 | 35 | 30 | 30 | 38 | 45 | 48 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 229 | 227 | 231 | 280 | 351 | 420 | 417 | 428 | 429 | 395 | 370 | 387 |
| Tax | 77 | 74 | 79 | 98 | 124 | 116 | 107 | 108 | 102 | 93 | 79 | 84 |
| Net Profit | 152 | 153 | 152 | 182 | 227 | 304 | 311 | 320 | 327 | 302 | 290 | 305 |
| EPS in ₹ | 98.57 | 99.15 | 98.13 | 117.79 | 146.90 | 196.93 | 201.27 | 207.38 | 211.75 | 195.29 | 17.10 | 17.90 |
VST Industries
VST Industries
261.25
-0.05
(-0.02%)
Q1 Quarterly Results are out. Check out the updated financials2 days ago
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Key Fundamentals
Market Cap
4,437.60 Cr
EPS
17.10
PE Ratio
14.58
Dividend Yield
5.22 %
Industry
Consumer Goods 52 Week High
373.00
52 Week Low
242.05
PB Ratio
3.50
Debt to Equity
0.00
Sector
Cigarettes & Tobacco Actual
Company News
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VST Industries reported quarterly results showing net profit increased to 592 million rupees from 475.6 million rupees year-over-year. EBITDA rose to 786 million rupees compared to 676.1 million rupees in the same period last year, while EBITDA margin improved to 17.46% from 14.66%. However, revenue declined to 4.5 billion rupees from 4.61 billion rupees year-over-year.
VST Industries Limited received a favorable order from the adjudicating authority, which dropped a tax demand of Rs 2,49,57,830 related to alleged discrepancies in excess claim of Input Tax Credit in Chhattisgarh. The Joint Commissioner of State Tax Raipur Division-1 passed the order on September 16, 2025, fully withdrawing the demand that was originally raised through a Show Cause Notice issued under the CGST Act on January 31, 2024. The company stated that since the demand has been fully withdrawn, it has no financial impact on the company.
A Bengal Minister has suggested increasing the Goods and Services Tax (GST) on tobacco and pan masala products. This proposal could impact VST Industries, which operates in the tobacco sector.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
3,077.70 | #1 48,006.50 | 40.02 | #1 5,831.60 | 37.92 | #1 1,153 | 55.86 | 36.69 | |
261.25 | #2 4,437.60 | #2 14.58 | #2 1,432.60 | #4 -4.50 | #2 290 | #4 24.37 | 52.66 | |
180.30 | 262.20 | 16.91 | 45.56 | -8.32 | 12 | #1 280.00 | 44.39 | |
898.90 | 36.00 | 399.51 | 4.80 | -5.88 | -0 | 200.00 | 19.47 | |
36.30 | 24.30 | 25.21 | 53.80 | 28.40 | 1 | 0.10 | 53.97 | |
12.90 | 6.40 | #1 2.52 | 3.90 | #1 387.50 | 2 | 0.00 | 47.71 |
Growth Rate
Revenue Growth
-4.50 %
Net Income Growth
-3.71 %
Cash Flow Change
15.84 %
ROE
-8.85 %
ROCE
-11.36 %
EBITDA Margin (Avg.)
-24.12 %
Yearly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 826 | 827 | 798 | 1,064 | 1,205 | 1,397 | 1,486 | 1,591 | 1,654 | 1,720 | 1,816 |
| Fixed Assets | 198 | 174 | 220 | 195 | 213 | 187 | 173 | 195 | 590 | 268 | 307 |
| Current Assets | 611 | 584 | 548 | 805 | 957 | 1,164 | 1,251 | 1,142 | 832 | 1,188 | 1,288 |
| Capital Work in Progress | 0 | 41 | 1 | 34 | 0 | 13 | 33 | 10 | 0 | 47 | 1 |
| Investments | 169 | 160 | 174 | 416 | 575 | 753 | 887 | 971 | 577 | 447 | 532 |
| Other Assets | 459 | 452 | 403 | 419 | 416 | 444 | 393 | 415 | 486 | 958 | 976 |
| Total Liabilities | 826 | 827 | 798 | 1,064 | 1,205 | 1,397 | 1,486 | 1,591 | 1,654 | 1,720 | 1,816 |
| Current Liabilities | 473 | 447 | 248 | 468 | 522 | 590 | 523 | 493 | 452 | 446 | 470 |
| Non Current Liabilities | 6 | 9 | 11 | 14 | 19 | 20 | 22 | 23 | 22 | 22 | 23 |
| Total Equity | 347 | 370 | 539 | 582 | 664 | 787 | 940 | 1,074 | 1,180 | 1,252 | 1,323 |
| Reserve & Surplus | 331 | 355 | 524 | 567 | 649 | 772 | 925 | 1,059 | 1,164 | 1,237 | 1,153 |
| Share Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 170 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -6 | -22 | -2 | 17 | -2 | -0 | -17 | -5 | 5 | 16 | -18 |
| Investing Activities | 3 | -24 | -18 | -264 | -148 | -155 | -144 | -96 | 47 | 79 | 10 |
| Operating Activities | 118 | 132 | 146 | 420 | 290 | 332 | 286 | 277 | 182 | 167 | 194 |
| Financing Activities | -127 | -130 | -130 | -139 | -144 | -177 | -159 | -187 | -224 | -231 | -221 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 32.16 % | 32.16 % | 32.16 % | 32.16 % | 32.16 % | 32.16 % | 32.16 % | 32.16 % | 32.16 % | 32.16 % | 32.16 % | 32.16 % | 32.16 % | 32.16 % | 32.16 % | 32.16 % | 32.16 % | 32.16 % | 32.16 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 1.37 % | 1.83 % | 1.82 % | 1.98 % | 1.86 % | 1.60 % | 1.38 % |
| DIIs | 17.53 % | 17.27 % | 16.19 % | 16.28 % | 16.59 % | 16.63 % | 16.63 % | 16.61 % | 16.87 % | 17.24 % | 17.54 % | 17.51 % | 15.69 % | 12.64 % | 9.07 % | 8.96 % | 7.22 % | 6.24 % | 6.24 % |
| Government | 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 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 14.72 % | 15.28 % | 15.81 % | 16.03 % | 15.84 % | 15.73 % | 15.78 % | 14.87 % | 14.68 % | 14.54 % | 14.30 % | 14.31 % | 15.93 % | 17.66 % | 24.70 % | 24.79 % | 26.48 % | 26.29 % | 26.78 % |
| Others | 35.59 % | 35.28 % | 35.85 % | 35.53 % | 35.41 % | 35.48 % | 35.43 % | 36.35 % | 36.29 % | 36.06 % | 36.00 % | 36.01 % | 34.85 % | 35.71 % | 32.25 % | 32.11 % | 32.27 % | 33.71 % | 33.44 % |
| No of Share Holders | 0 | 24,176 | 26,780 | 30,859 | 33,361 | 33,441 | 33,289 | 32,988 | 32,002 | 31,258 | 30,431 | 31,073 | 32,868 | 34,355 | 84,156 | 1,22,857 | 1,50,548 | 1,58,755 | 1,54,521 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 70 | 75 | 77.5 | 95 | 103 | 114 | 140 | 150 | 150 | 13.64 |
| Dividend Yield (%) | 26.84 | 28.1 | 24.67 | 37.7 | 33.43 | 40.91 | 48.96 | 46.22 | 56.98 | 5.22 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 20 Jul 2021 |  Dividend | ₹ 114.00 /share | 16 Jul 2021 | 301.70 | 320.60 |
| 15 Jul 2022 | Dividend | ₹ 140.00 /share | 13 Jul 2022 | 290.73 | 280.55 |
| 05 Aug 2023 | Dividend | ₹ 150.00 /share | 04 Aug 2023 | 303.76 | 325.12 |
| 15 Jun 2024 | Dividend | ₹ 150.00 /share | 14 Jun 2024 | 366.36 | 392.15 |
| 29 Aug 2024 |  Annual General Meeting | NA | 29 Aug 2024 | 366.36 | 432.66 |
| 06 Sept 2024 |  Bonus | 10:1 | 06 Sept 2024 | 393.95 | 405.14 |
| 24 Oct 2024 |  Quarterly Result Announcement | NA | 24 Oct 2024 | 380.20 | 347.30 |
| 07 Feb 2025 | Quarterly Result Announcement | NA | 07 Feb 2025 | 315.60 | 325.90 |
| 25 Apr 2025 | Quarterly Result Announcement | NA | 25 Apr 2025 | 289.15 | 330.50 |
| 03 Jul 2025 | Dividend | ₹ 10.00 /share | 03 Jul 2025 | 330.50 | 315.70 |
| 22 Jul 2025 | Quarterly Result Announcement | NA | 22 Jul 2025 | 280.90 | 292.95 |
| 23 Jul 2025 | Annual General Meeting | NA | 23 Jul 2025 | 330.50 | 284.40 |
| 29 Oct 2025 | Quarterly Result Announcement | NA | 29 Oct 2025 | 254.90 | 256.25 |
Announcements
Announcement under Regulation 30 (LODR)-Press Release / Media Release
3 days ago
3 days agoUnaudited Financial Results3 days ago
3 days agoBoard Meeting Intimation for Consideration And Approval Of Unaudited Financial ResultsOct 17, 2025
Oct 17, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 09, 2025
Oct 09, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 26, 2025
Sep 26, 2025Closure of Trading WindowSep 26, 2025
Sep 26, 2025Disclosure Under Regulation 30 Of SEBI (LODR)-Update On LitigationSep 17, 2025
Sep 17, 2025Intimation To The Shareholders Of Physical Shares To Furnish KYC DetailsAug 26, 2025
Aug 26, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportJul 23, 2025
Jul 23, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMJul 23, 2025
Jul 23, 2025Change In Composition Of Committees Of The BoardJul 22, 2025
Jul 22, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 22, 2025
Jul 22, 2025Unaudited Financial ResultsJul 22, 2025
Jul 22, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 19, 2025
Jul 19, 2025Clarification On Increase In VolumeJul 14, 2025
Jul 14, 2025Clarification sought from VST Industries LtdJul 14, 2025
Jul 14, 2025Board Meeting Intimation for Consideration And Approval Of Unaudited Financial ResultsJul 11, 2025
Jul 11, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 09, 2025
Jul 09, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 01, 2025
Jul 01, 2025Business Responsibility and Sustainability Reporting (BRSR)Jun 30, 2025
Jun 30, 2025Notice Of 94Th Annual General Meeting Of The Members Of VST Industries Limited To Be Held On 23Rd July 2025Jun 30, 2025
Jun 30, 2025Reg. 34 (1) Annual Report.Jun 30, 2025
Jun 30, 2025Closure of Trading WindowJun 23, 2025
Jun 23, 2025Announcement under Regulation 30 (LODR)-Credit RatingMay 15, 2025
May 15, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 12, 2025
May 12, 2025Disclosure Under Regulation 30(5) Of SEBI (LODR) 2015Apr 30, 2025
Apr 30, 2025Record Date And AGMApr 28, 2025
Apr 28, 2025AGM And Record DateApr 25, 2025
Apr 25, 2025Announcement under Regulation 30 (LODR)-Change in ManagementApr 25, 2025
Apr 25, 2025Corporate Action Book Closure From 04.07.2025 To 23.07.2025Apr 25, 2025
Apr 25, 2025Corporate Action-Board approves DividendApr 25, 2025
Apr 25, 2025Audited Financial Results For The Quarter And Year Ended 31St March 2025Apr 25, 2025
Apr 25, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On 25Th April 2025Apr 25, 2025
Apr 25, 2025Board Meeting Intimation for Consideration And Approval Of Audited Financial ResultsApr 16, 2025
Apr 16, 2025Disclosure Under Regulation 30 Of SEBI (LODR) RegulationsApr 12, 2025
Apr 12, 2025Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure AApr 11, 2025
Apr 11, 2025Disclosure With Reference To SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 Dated November 26 2018Apr 11, 2025
Apr 11, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 11, 2025
Apr 11, 2025Closure of Trading WindowMar 28, 2025
Mar 28, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Mar 12, 2025
Mar 12, 2025Integrated Filing (Financial)Feb 07, 2025
Feb 07, 2025Board Meeting Outcome for Outcome Of The Board MeetingFeb 07, 2025
Feb 07, 2025Unaudited Financial ResultsFeb 07, 2025
Feb 07, 2025Board Meeting Intimation for Consideration And Approval Of Unaudited Financial ResultsJan 28, 2025
Jan 28, 2025Disclosure Under Regulation 30 Of SEBI (LODR)Jan 28, 2025
Jan 28, 2025Announcement Regulation Para A Of Part A Of Schedule III Of SEBI(LODR)Jan 25, 2025
Jan 25, 2025Disclosure Under Regulation 30 Of SEBI (LODR)Jan 23, 2025
Jan 23, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 10, 2025
Jan 10, 2025Closure of Trading WindowDec 30, 2024
Dec 30, 2024Shareholder Meeting / Postal Ballot-Scrutinizers ReportDec 16, 2024
Dec 16, 2024Mutual Fund Holdings
| Funding House | Current Holding % | 1M Change | 1M Change % | 3M Change % | Last 6M Trend |
|---|---|---|---|---|---|
 Axis Small Cap Fund Direct-Growth | 0.19% | -9448 | -0.01% | -0.02% | |
 Motilal Oswal Nifty Microcap 250 Index Fund Direct - Growth | 0.21% | -3055 | -0.02% | -0.02% | |
 Groww Nifty Total Market Index Fund Direct - Growth | 0.01% | -6 | 0.00% | 0.00% | |
 Bandhan Nifty Total Market Index Fund Direct-Growth | 0.01% | -3 | 0.00% | 0.00% | |
 Angel One Nifty Total Market Index Fund Direct - Growth | 0.01% | 2 | 0.00% | 0.00% | |
 ICICI Prudential FMCG Direct-Growth | 0.00% | 0 | 0.00% | 0.00% | |
 HDFC Mid Cap Fund Direct-Growth | 0.00% | 0 | 0.00% | 0.00% | |
 Mirae Asset Nifty Total Market Index Fund Direct-Growth | 0.01% | 0 | 0.00% | 0.00% | |
| HDFC Children's Fund Direct Plan | 0.14% | 0 | -0.01% | -0.02% | |
 Nippon India Consumption Fund Direct-Growth | 0.00% | 0 | 0.00% | 0.00% | |
 Parag Parikh Dynamic Asset Allocation Fund Direct - Growth | 0.04% | 0 | 0.00% | -0.01% | |
| Parag Parikh ELSS Tax Saver Fund Direct - Growth | 0.12% | 0 | 0.00% | -0.01% | |
 SBI Small Cap Fund Direct-Growth | 0.36% | 0 | -0.02% | -0.03% |
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