1. MARKETS
  2. SECTOR : FOOD, BEVERAGES & TOBACCO
  3. INDUSTRY : CIGARETTES-TOBACCO PRODUCTS
  4. VST INDUSTRIES LTD.
VST Industries Ltd.
NSE: VSTIND | BSE: 509966
Volume GrowthTax/Excise Impact
Ask AI about VST Industries
200.59-0.91(-0.45%)
42,993
NSE+BSE Volume

NSE 13 Oct, 2026 12:09 PM (IST)

Portfolio

Alert

My Notes

VST Industries quarterly and annual financials: results, revenue, profit, P&L, balance sheet, cash flow, financial ratios, revenue mix, peer comparison, and financial documents

View Charts

VST Industries quarterly results: revenue, profit, and P&L – 13 quarter history

  • NEGATIVE

    Quarterly Revenue VST Industries Jun-2026 Quarterly Revenue is Rs 276 Cr which is growth of -10.5% YoY.

  • NEGATIVE

    Quarterly Net Profit VST Industries Jun-2026 Quarterly Net Profit is Rs 42 Cr which is growth of -24.4% YoY.

VST Industries Ltd., Quarterly, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphJun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23
⌄
276.2466.6382.5348.1308.7359.1375368330.4404.6371.3378.8345.4
Operating Exp.
206.8248.6287.5257.5221279.7298.8292.4248.1278.5290.2270.6227.9
Operating Profit
49.7208.485.978.676.969.568.467.673.396.672.478.9105.4
Operating Profit Margin %
19.37%45.60%23.01%23.39%25.82%19.91%18.62%18.78%22.81%25.75%19.95%22.58%31.61%
Depr.
11.263.413.912.211.812.411.110.910.110.910.19.18.1
Interest
Profit Before Tax
58.3154.681.178.47667165.664.772.3115.27199.1109.3
Tax
15.937.920.919.219.91429.417.118.72717.323.225.6
Net Profit
42.4116.760.259.256.153136.347.653.688.253.77683.7
EPS Adj. latest
2.56.93.63.53.33.182.83.25.23.24.54.9
Net profit TTM
278.6292.3228.6304.6293290.4325.6243.1271.5301.6282.1307.3323.5
Basic EPS TTM
16.417.213.517.917.317.119.214.3175.8195.3182.7199.1209.6
Results PDF
Result Notes
 
*All financials are in INR Cr and price data in INR

VST Industries competitor comparison and performance snapshot within industry

VST Industries revenue mix: sales, profit, and capital employed breakups by segment

VST Industries annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history

  • POSITIVE

    Annual Revenue VST Industries Mar-2026 Annual Revenue is Rs 1,506 Cr which is growth of 5.1% YoY.

  • POSITIVE

    Annual Net Profit VST Industries Mar-2026 Annual Net Profit is Rs 292 Cr which is growth of 0.6% YoY.

VST Industries Ltd., Annual, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsTTMMar '26Mar '25Mar '24Mar '23Mar '22Mar '21Mar '20Mar '19Mar '18Mar '17Mar '16
3.2%
5.5%
1,473.41,505.81,432.61,500.11,368.81,224.81,152.81,286.71,137.9971.4942.5903.4
Operating Exp. Ann.
3.7%
7.7%
1,000.51,014.61,1191,067.3909.8766.5700.4824.7745.9652.8674.6645.8
Operating Profit Ann.
5.5%
1.8%
422.6449.9278.8353.2382.7411.6410.6414.7353.1294.8247.7237.4
OPM Ann. %
2.2%
-3.5%
 29.88%19.46%23.55%27.96%33.61%35.62%32.23%31.03%30.35%26.29%26.28%
⌄
5.9%
8.7%
 1,115.81,163.41,105.4940796.6735.5866.5787.2691.9711.6676.8
EBITDA Ann.
2.3%
1.7%
 491.2313.6432.8459.1458.3452.4462392318.6267.8257.6
EBITDA Ann. margin %
-0.9%
-3.6%
 32.62%21.89%28.85%33.54%37.42%39.24%35.91%34.45%32.80%28.42%28.52%
Interest Ann.
-
-
 
Depr.
49.6%
23.6%
100.6101.244.538.130.230.135.141.841.439.236.931
PBT Ann.
-3.1%
-1.3%
372.3390369.6394.7428.9428.2417.3420.3350.7279.5230.9226.6
Tax Ann.
-1.4%
-1.7%
93.897.879.293.1101.9108106.5116.2123.897.679.473.5
-3.7%
-1.2%
 292.3290.4301.6327320.2310.8304.1226.8181.9151.5153.1
Net Profit Ann.
-3.7%
-1.2%
278.6292.3290.4301.6327320.2310.8304.1226.8181.9151.5153.1
NPM Ann. %
-7.6%
-6.5%
 19.95%20.77%21.22%25.29%27.18%27.97%24.53%20.64%19.19%16.42%17.33%
EPS Adj. latest Ann.
-3.8%
-1.2%
 17.217.117.819.318.918.317.913.410.78.99
Result Notes
   
Annual Reports
 
*All financials are in INR Cr and price data in INR
Total Rev. Ann.
1Y CHG
5.1%
2Y CAGR
0.2%
3Y CAGR
3.2%
5Y CAGR
5.5%
7Y CAGR
4.1%
10Y CAGR
5.2%
Total Revenue Annual growth is stable compared to historical averages.
Net Profit Ann.
1Y CHG
0.7%
2Y CAGR
-1.6%
3Y CAGR
-3.7%
5Y CAGR
-1.2%
7Y CAGR
3.7%
10Y CAGR
6.7%
Net Profit Annual growth is stable compared to historical averages.
Operating Exp. Ann.
1Y CHG
-9.3%
2Y CAGR
-2.5%
3Y CAGR
3.7%
5Y CAGR
7.7%
7Y CAGR
4.5%
10Y CAGR
4.6%
Operating Expenses Annual Cr is falling faster than historical averages.

VST Industries balance sheet as of Mar 2026: assets, liabilities, reserves, and borrowings – 11 year history

  • POSITIVE

    Total Shareholders Fund VST Industries Mar-2026 Total Shareholders Fund is Rs 1,446 Cr which is growth of 9.3% YoY.

  • POSITIVE

    Total Assets VST Industries Mar-2026 Total Assets is Rs 2,016 Cr which is growth of 11.0% YoY.

VST Industries Ltd., Balance Sheet, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsMar '26Mar '25Mar '24Mar '23Mar '22Mar '21Mar '20Mar '19Mar '18Mar '17Mar '16
⌄
7%
9%
1,445.71,322.71,252.41,179.71,074.3940.4787.1664582.1539370.4
Minority Interest Liability Ann.
-
-
-----------
⌄
5.4%
2.7%
25.223.521.621.52322.119.918.514.210.99.3
6.4%
0.8%
545469.9446452.4493.4523.3590.1524.3467.9247.8447.4
Total Capital Plus Liabilities Ann.
6.8%
6.3%
2,015.81,8161,720.11,653.71,590.61,485.81,3971,206.91,064.1797.7827.1
⌄
-25.5%
3.5%
244.3308.2315.2590.5205.4206199.8213.7229.3220.8214.7
⌄
-29.2%
4.4%
292.1527.8531.9821.7448.6235.1233.3248.3259.3249.8242.9
27.5%
6.6%
1,723.71,288.21,188.28321,1421,250.71,163.8958.6804.9547.9584.2
Total Assets Ann.
6.8%
6.3%
2,015.81,8161,720.11,653.71,590.61,485.81,3971,206.91,064.1797.7827.1
Contingent Liabilities plus Commitments Ann.
-31%
23.9%
35.430.131.7107.815412.139.88.126.96237.2
Bonus Equity Share Capital Ann.
130.6%
65.1%
168.1168.113.713.713.713.713.713.713.713.713.7
Non Current Investments Unquoted Book Value Ann.
0%
0%
0.10.10.10.10.10.10.10.10.10.12.3
Current Investments Unquoted Book Value Ann.
-
-
160
*All financials are in INR Cr and price data in INR
Total Assets Ann.
1Y CHG
11%
2Y CAGR
8.3%
3Y CAGR
6.8%
5Y CAGR
6.3%
7Y CAGR
7.6%
10Y CAGR
9.3%
Total Assets Annual growth is higher than historical averages.
Total Current Liabilities Ann.
1Y CHG
16%
2Y CAGR
10.5%
3Y CAGR
6.4%
5Y CAGR
0.8%
7Y CAGR
0.6%
10Y CAGR
2%
Total Current Liabilities Annual Cr growth is higher than historical averages.
Total ShareHolders Funds Ann.
1Y CHG
9.3%
2Y CAGR
7.4%
3Y CAGR
7%
5Y CAGR
9%
7Y CAGR
11.8%
10Y CAGR
14.6%
Total ShareHolders Funds Annual growth is stable compared to historical averages.

VST Industries ROE, ROCE, book value, and debt-to-equity ratio as of Mar 2026 – 11 year history

  • POSITIVE

    Book Value Per Share VST Industries Mar-2026 Book Value Per Share is 85 Rs which is growth of 9.3% YoY.

  • POSITIVE

    ROE VST Industries Mar-2026 ROE is 20% which is growth of 1.7% YoY.

VST Industries Ltd., Ratios, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsMar '26Mar '25Mar '24Mar '23Mar '22Mar '21Mar '20Mar '19Mar '18Mar '17Mar '16
BVSH Ann.
-51.9%
-32.5%
85.177.9811.1764695.7609509.7430377349238.2
RoA Ann. %
-9.8%
-7.1%
14.49%15.99%17.53%19.77%20.13%20.91%21.76%18.79%17.09%18.99%18.51%
ROE Ann. %
-10%
-9.4%
20.21%21.95%24.07%27.71%29.80%33.04%38.63%34.16%31.24%28.11%41.63%
ROCE Ann. %
-9.4%
-9.4%
26.51%19.99%30.97%35.70%39.02%43.35%52.07%51.37%46.86%41.99%59.67%
⌄
           
⌄
           
⌄
           
Total Debt to Total Equity Ann.
           
*All financials are in INR Cr and price data in INR
ROE Ann. %
1Y CHG
-7.9%
2Y CAGR
-8.4%
3Y CAGR
-10%
5Y CAGR
-9.4%
7Y CAGR
-7.2%
10Y CAGR
-7%
ROE Annual % is falling faster than historical averages.
RoA Ann. %
1Y CHG
-9.4%
2Y CAGR
-9.1%
3Y CAGR
-9.8%
5Y CAGR
-7.1%
7Y CAGR
-3.6%
10Y CAGR
-2.4%
RoA Annual % is falling faster than historical averages.
Current Ratio Ann.
1Y CHG
18.5%
2Y CAGR
8.9%
3Y CAGR
21.1%
5Y CAGR
5.9%
7Y CAGR
8.6%
10Y CAGR
9.4%
Current Ratio Annual growth is stable compared to historical averages.

VST Industries cash flow: net, operating, investing, and financing flows as of Mar 2026 – 11 year history

  • POSITIVE

    Cash From Operating Activity VST Industries Mar-2026 Cash From Operating Activity is Rs 218 Cr which is growth of 12.8% YoY.

  • POSITIVE

    Net Cash Flow VST Industries Mar-2026 Net Cash Flow is Rs 17 Cr which is growth of 196.1% YoY.

VST Industries Ltd., Cash Flow, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsMar '26Mar '25Mar '24Mar '23Mar '22Mar '21Mar '20Mar '19Mar '18Mar '17Mar '16
6.3%
-5.3%
218.3193.5167181.5277.2286.2331.5290.2420.1145.7132.1
Cash from Investing Act. Ann.
-
-
-31.49.879.346.7-95.8-144-154.8-148-264.1-17.8-24
Cash from Financing Act. Ann.
-
-
-169.5-221.3-230.8-223.54.2-159.1-176.9-144.3-139.4-130.1-130.1
55.8%
-
17.4-18.115.64.6185.7-16.9-0.2-2.116.6-2.2-21.9
*All financials are in INR Cr and price data in INR
Cash from Operating Act. Ann.
1Y CHG
12.8%
2Y CAGR
14.3%
3Y CAGR
6.3%
5Y CAGR
-5.3%
7Y CAGR
-4%
10Y CAGR
5.2%
Cash from Operating Activity Annual growth is higher than historical averages.

VST Industries investor presentations, annual reports, credit ratings, and earnings calls with AI summary, video, and audio access