VST Tillers Tractors Ltd.

NSE: VSTTILLERS | BSE: 531266 | ISIN: INE764D01017 |Industry: Commercial Vehicles
|Expensive Performer
1547.20 -33.05 (-2.09%)
NSE Oct 22, 2020 15:31 PM
Volume: 21,123
 

VST Tillers Tractors Ltd.    
31 Mar 2020
1547.20
-2.09%
ICICI Securities Limited
The VST Tillers & Tractors stock witnessed a sharp re-rating tracking the weak P&L; performance and consequent deterioration of return ratios in the recent past. Return ratios for VST have corrected from consistent 20%+ RoCE levels seen till FY18 to 11.5% in FY19. With limited margin improvement guidance, we foresee return ratios remaining below 10%, which is below our comfortable range. VST is a net cash positive company (cash & investments on books at ~ | 150 crore) but its incremental spend on new product development catering to the >15 hp crowded tractor space...
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VST Tillers Tractors.. has an average target of 1890.00 from 2 brokers.
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