VST INDUSTRIES LTD (VSTIND) financials

VST INDUSTRIES LTD (VSTIND) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

VST Industries is engaged inter-alia in manufacture and trading of Cigarettes, Tobacco and Tobacco products.(Source : 202003 Annual Report Page No: 93)

Market Cap: ₹3,387Cr.
Current Price: ₹199
Stock P/E: 12.2
ROE: 21.0%
ROCE: 28.1%
Book Value: ₹85.1
Dividend Yield: 5.99%
52W High / Low: ₹287/198

In Jun 2026, VST INDUSTRIES LTD (VSTIND) reported sales ₹256 Cr and net profit ₹42 Cr.

Annual TTM: sales ₹1,423 Cr, net profit ₹279 Cr.

Shareholding: Promoters 32.16% (Sep 2026), FIIs 1.25% (Sep 2026), DIIs 5.90% (Sep 2026), Public 60.50% (Sep 2026), Others 0.19% (Sep 2026).

VSTIND quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	360	367	349	298	336	373	457	256
Expenses	292	299	280	221	258	288	249	207
Operating Profit	68	68	70	77	79	86	208	50
OPM %	19%	19%	20%	26%	23%	23%	46%	19%
Other Income	8	108	10	11	12	9	9	20
Interest	0	0	0	0	0	0	0	0
Depreciation	11	11	12	12	12	14	63	11
Profit before tax	65	166	67	76	78	81	155	58
Tax %	26%	18%	21%	26%	24%	26%	24%	27%
Net Profit	48	136	53	56	59	60	117	42
EPS in Rs	2.80	8.02	3.12	3.30	3.49	3.55	6.87	2.50
Raw PDF	—	—	—	—	—	—	—	—

VSTIND profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,239	1,111	1,178	1,292	1,420	1,398	1,465	1,423
Expenses	825	700	767	910	1,067	1,119	1,015	1,000
Operating Profit	415	411	412	383	353	279	450	423
OPM %	33%	37%	35%	30%	25%	20%	31%	30%
Other Income	47	42	47	76	80	135	41	50
Interest	0	0	0	0	0	0	0	0
Depreciation	42	35	30	30	38	44	101	101
Profit before tax	420	417	428	429	395	370	390	372
Tax %	28%	26%	25%	24%	24%	21%	25%	—
Net Profit	304	311	320	327	302	290	292	279
EPS in Rs	17.90	18.29	18.85	19.25	17.75	17.10	17.21	16.41
Dividend Payout %	52%	57%	68%	71%	77%	58%	70%	—

VSTIND balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	15	15	15	15	15	15	170	170
Reserves	649	772	925	1,059	1,164	1,237	1,153	1,276
Borrowings	0	0	0	0	0	0	0	0
Other Liabilities	541	610	545	516	474	468	493	570
Total Liabilities	1,205	1,397	1,486	1,591	1,654	1,720	1,816	2,016
Fixed Assets	213	187	173	195	590	268	307	244
CWIP	0	13	33	10	0	47	1	0
Investments	575	753	887	971	577	447	532	559
Other Assets	416	444	393	415	486	958	976	1,213
Total Assets	1,205	1,397	1,486	1,591	1,654	1,720	1,816	2,016

VSTIND cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	290	331	286	277	181	167	193	218
Cash from Investing Activity	-148	-155	-144	-96	47	79	10	-31
Cash from Financing Activity	-144	-177	-159	-187	-224	-231	-221	-170
Net Cash Flow	-2	-0	-17	-5	5	16	-18	17
Free Cash Flow	264	310	240	229	-222	75	255	176
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	119%	105%	96%	93%	72%	73%	101%	76%

VSTIND shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	32.16%	32.16%	32.16%	32.16%	32.16%	32.16%	32.16%	32.16%
FIIs	1.98%	1.87%	1.60%	1.38%	1.22%	1.34%	1.79%	1.25%
DIIs	8.96%	7.22%	6.24%	6.23%	6.31%	6.63%	6.03%	5.90%
Public	56.71%	58.57%	59.81%	60.03%	60.11%	59.69%	59.83%	60.50%
Others	0.19%	0.19%	0.19%	0.19%	0.19%	0.19%	0.19%	0.19%
No. of Shareholders	1,22,857	1,50,548	1,58,755	1,54,521	1,51,077	1,46,815	1,48,518	1,49,350

VSTIND key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	5	5	5	10	12	12	17	12
Inventory Days	187	182	226	210	205	220	222	359
Days Payable	55	87	84	74	57	57	58	66
Cash Conversion Cycle	137	99	148	147	161	175	180	305
Working Capital Days	-58	-63	-58	-42	-4	118	122	146
ROCE %	56%	58%	48%	42%	38%	32%	21%	28%

VSTINDUpdated 22 Oct 2026, 13:04

Vst Industries Ltd

VSTINDUpdated 22 Oct 2026, 13:04

Market Cap

₹3,387Cr.

Current Price

₹199

High / Low

₹287/198

Stock P/E

12.2

Book Value₹85.1

Dividend Yield5.99%

ROCE28.1%

ROE21.0%

Face Value₹10.0

About

VST Industries is engaged inter-alia in manufacture and trading of Cigarettes, Tobacco and Tobacco products.(Source : 202003 Annual Report Page No: 93)

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	333	228	12	8	109	23	84	4.93
Sep 2023	350	271	29	9	99	23	76	4.47
Dec 2023	363	290	9	10	71	24	54	3.16
Mar 2024	375	278	30	11	115	23	88	5.19
Jun 2024	321	248	9	10	72	26	54	3.15
Sep 2024	360	292	8	11	65	26	48	2.8
Dec 2024	367	299	108	11	166	18	136	8.02
Mar 2025	349	280	10	12	67	21	53	3.12
Jun 2025	298	221	11	12	76	26	56	3.3
Sep 2025	336	258	12	12	78	24	59	3.49
Dec 2025	373	288	9	14	81	26	60	3.55
Mar 2026	457	249	9	63	155	24	117	6.87
Jun 2026	256	207	20	11	58	27	42	2.5

Profit & loss

Annual statement₹ Cr.

Year	Sales	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	836	594	18	32	229	33	152	8.96
Mar 2016	883	646	20	31	227	32	153	9.01
Mar 2017	922	675	20	37	231	34	152	8.92
Mar 2018	948	654	25	39	279	35	182	10.71
Mar 2019	1099	746	39	41	351	35	227	13.35
Mar 2020	1239	825	47	42	420	28	304	17.9
Mar 2021	1111	700	42	35	417	26	311	18.29
Mar 2022	1178	767	47	30	428	25	320	18.85
Mar 2023	1292	910	76	30	429	24	327	19.25
Mar 2024	1420	1067	80	38	395	24	302	17.75
Mar 2025	1398	1119	135	44	370	21	290	17.1
Mar 2026	1465	1015	41	101	390	25	292	17.21
TTM	1423	1000	50	101	372	—	279	16.41

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	32.16%
FIIs	1.25%
DIIs	5.9%
Public	60.5%
Others	0.19%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public	Others
Dec 2023	32.16%	1.39%	17.52%	48.57%	0.37%
Mar 2024	32.16%	1.37%	15.69%	50.42%	0.37%
Jun 2024	32.16%	1.83%	12.64%	53%	0.37%
Sep 2024	32.16%	1.82%	9.07%	56.77%	0.19%
Dec 2024	32.16%	1.98%	8.96%	56.71%	0.19%
Mar 2025	32.16%	1.87%	7.22%	58.57%	0.19%
Jun 2025	32.16%	1.6%	6.24%	59.81%	0.19%
Sep 2025	32.16%	1.38%	6.23%	60.03%	0.19%
Dec 2025	32.16%	1.22%	6.31%	60.11%	0.19%
Mar 2026	32.16%	1.34%	6.63%	59.69%	0.19%
Jun 2026	32.16%	1.79%	6.03%	59.83%	0.19%
Sep 2026	32.16%	1.25%	5.9%	60.5%	0.19%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	15	331	479	826	198	0	171	457	826
Mar 2016	15	355	457	827	174	41	162	450	827
Mar 2017	15	524	259	798	220	1	174	403	798
Mar 2018	15	567	482	1064	195	34	416	419	1064
Mar 2019	15	649	541	1205	213	0	575	416	1205
Mar 2020	15	772	610	1397	187	13	753	444	1397
Mar 2021	15	925	545	1486	173	33	887	393	1486
Mar 2022	15	1059	516	1591	195	10	971	415	1591
Mar 2023	15	1164	474	1654	590	0	577	486	1654
Mar 2024	15	1237	468	1720	268	47	447	958	1720
Mar 2025	170	1153	493	1816	307	1	532	976	1816
Mar 2026	170	1276	570	2016	244	0	559	1213	2016

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	118	3	-126	-6
Mar 2016	132	-24	-130	-22
Mar 2017	146	-18	-130	-2
Mar 2018	420	-264	-139	17
Mar 2019	290	-148	-144	-2
Mar 2020	331	-155	-177	0
Mar 2021	286	-144	-159	-17
Mar 2022	277	-96	-187	-5
Mar 2023	181	47	-224	5
Mar 2024	167	79	-231	16
Mar 2025	193	10	-221	-18
Mar 2026	218	-31	-170	17

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	5	5	5	11	5	5	5	10	12	12	17	12
Inventory Days	336	316	257	196	187	182	226	210	205	220	222	359
Days Payable	71	54	44	45	55	87	84	74	57	57	58	66
Cash Conversion Cycle	270	267	218	162	137	99	148	147	161	175	180	305
Working Capital Days	-32	-18	43	-44	-58	-63	-58	-42	-4	118	122	146
ROCE %	65%	58%	51%	50%	56%	58%	48%	42%	38%	32%	21%	28%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of VST INDUSTRIES LTD (VSTIND)?

The reported market capitalisation for VST INDUSTRIES LTD (VSTIND) is ₹3,387Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of VSTIND?

The current price shown for VST INDUSTRIES LTD (VSTIND) on Fincrux is ₹199 with a 52-week high/low of ₹287/198.

What is the P/E ratio of VST INDUSTRIES LTD (VSTIND)?

The stock P/E for VST INDUSTRIES LTD (VSTIND) is 12.2 on Fincrux, with ROE at 21.0% and ROCE at 28.1%.

What were VSTIND latest quarterly results?

For Jun 2026, VST INDUSTRIES LTD (VSTIND) reported sales ₹256 Cr and net profit ₹42 Cr (figures in ₹ crore unless noted).

What are VSTIND annual sales and net profit?

For TTM, VST INDUSTRIES LTD (VSTIND) shows sales of ₹1,423 Cr and net profit of ₹279 Cr on the Fincrux profit & loss statement.

Who owns VST INDUSTRIES LTD (VSTIND)?

Latest shareholding for VST INDUSTRIES LTD (VSTIND) on Fincrux: Promoters 32.16% (Sep 2026), FIIs 1.25% (Sep 2026), DIIs 5.90% (Sep 2026), Public 60.50% (Sep 2026), Others 0.19% (Sep 2026).

Where can I find VST INDUSTRIES LTD (VSTIND) financials?

VST INDUSTRIES LTD (VSTIND) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show VSTIND balance sheet and cash flow?

Yes. The VST INDUSTRIES LTD (VSTIND) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 22 October 2026 at 13:04