V.S.T. TILLERS TRACTORS LIMITED Financials V.S.T. Tillers Tractors Limited
Equities
VSTTILLERS
INE764D01017
Heavy Machinery & Vehicles
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,463 INR | -0.88% |
|
+5.30% | -8.34% |
| 02/05 | V.S.T. Tillers Tractors Posts Sharp Decline in April Total Sales | MT |
| 26/04 | V.S.T. Tillers Tractors Forms New Step-Down Subsidiary in US; Shares Jump 5% | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 11,380 | 5,806 | 15,400 | 20,763 | 19,635 | 30,181 | - | - |
| Enterprise Value (EV) 1 | 11,380 | 5,548 | 15,080 | 20,450 | 19,354 | 26,043 | 25,237 | 24,300 |
| P/E ratio | 24.7 x | 32.3 x | 17 x | 20.9 x | 21.2 x | 26 x | 23 x | 21.1 x |
| Yield | 1.14% | - | - | 0.83% | 1.1% | 0.88% | 0.93% | 1.08% |
| Capitalization / Revenue | 1.85 x | 1.07 x | 2.02 x | 2.43 x | 1.95 x | 3.09 x | 2.63 x | 2.36 x |
| EV / Revenue | 1.85 x | 1.02 x | 1.97 x | 2.4 x | 1.92 x | 2.67 x | 2.2 x | 1.9 x |
| EV / EBITDA | 24.8 x | 32 x | 16.4 x | 16.5 x | 15.2 x | 21.5 x | 16.9 x | 14.2 x |
| EV / FCF | -541 x | 15.1 x | 11.9 x | 21.4 x | 159 x | 31.8 x | 20.8 x | 17.2 x |
| FCF Yield | -0.18% | 6.62% | 8.38% | 4.67% | 0.63% | 3.15% | 4.8% | 5.82% |
| Price to Book | 1.93 x | - | 2.31 x | 2.77 x | 2.38 x | 3.33 x | 3.01 x | 2.71 x |
| Nbr of stocks (in thousands) | 8,640 | 8,640 | 8,640 | 8,640 | 8,640 | 8,640 | - | - |
| Reference price 2 | 1,317 | 672.0 | 1,782 | 2,403 | 2,273 | 3,493 | 3,493 | 3,493 |
| Announcement Date | 10/05/19 | 18/06/20 | 21/06/21 | 09/05/22 | 12/05/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,148 | 5,437 | 7,642 | 8,539 | 10,064 | 9,761 | 11,493 | 12,809 |
| EBITDA 1 | 459.1 | 173.4 | 917.6 | 1,242 | 1,272 | 1,214 | 1,498 | 1,707 |
| EBIT 1 | 737.8 | 245.7 | 746.8 | 991.4 | 1,252 | 1,482 | 1,677 | 1,925 |
| Operating Margin | 12% | 4.52% | 9.77% | 11.61% | 12.44% | 15.18% | 14.59% | 15.03% |
| Earnings before Tax (EBT) 1 | 715.3 | 231 | 1,192 | 1,322 | 1,240 | 1,465 | 1,660 | 1,907 |
| Net income 1 | 460.6 | 180 | 907.7 | 993.1 | 923.7 | 1,104 | 1,247 | 1,432 |
| Net margin | 7.49% | 3.31% | 11.88% | 11.63% | 9.18% | 11.31% | 10.85% | 11.18% |
| EPS 2 | 53.31 | 20.83 | 105.1 | 115.0 | 107.0 | 134.1 | 152.0 | 165.8 |
| Free Cash Flow 1 | -21.05 | 367.2 | 1,264 | 954.4 | 121.8 | 820 | 1,212 | 1,414 |
| FCF margin | -0.34% | 6.75% | 16.54% | 11.18% | 1.21% | 8.4% | 10.55% | 11.04% |
| FCF Conversion (EBITDA) | - | 211.75% | 137.8% | 76.86% | 9.58% | 67.55% | 80.93% | 82.85% |
| FCF Conversion (Net income) | - | 203.98% | 139.3% | 96.1% | 13.19% | 74.25% | 97.19% | 98.74% |
| Dividend per Share 2 | 15.00 | - | - | 20.00 | 25.00 | 30.77 | 32.60 | 37.73 |
| Announcement Date | 10/05/19 | 18/06/20 | 21/06/21 | 09/05/22 | 12/05/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,029 | 1,947 | 1,936 | 2,335 | 2,084 | 2,184 | 2,360 | 2,342 | 2,137 | 2,461 | 2,842 | 1,480 | 316 |
| EBITDA | 298.5 | 78.3 | 253.9 | 383.9 | 302.5 | 301.5 | 170.2 | - | - | - | 395 | - | - |
| EBIT | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | 398.4 | 175 | 312 | 428.2 | 290 | 291.6 | - | - | - | - | - | - | - |
| Net income 1 | 308.3 | 129.3 | 240.1 | 321.5 | 210.5 | 221 | 100.5 | - | - | 329.9 | 302 | 140 | - |
| Net margin | 15.2% | 6.64% | 12.4% | 13.77% | 10.1% | 10.12% | 4.26% | - | - | 13.4% | 10.63% | 9.46% | - |
| EPS | 35.68 | 14.97 | 27.79 | 37.21 | 24.36 | 25.58 | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 09/02/21 | 21/06/21 | 14/08/21 | 09/11/21 | 14/02/22 | 09/05/22 | 09/08/22 | 31/10/22 | 10/02/23 | 04/08/23 | - | - | - |
1INR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 258 | 319 | 313 | 281 | 4,138 | 4,944 | 5,881 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -21.1 | 367 | 1,264 | 954 | 122 | 820 | 1,212 | 1,414 |
| ROE (net income / shareholders' equity) | 7.77% | 3.09% | 14.6% | 14% | 11.7% | 12.8% | 13% | 13.5% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 683.0 | - | 773.0 | 868.0 | 954.0 | 1,050 | 1,162 | 1,290 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 453 | 356 | 282 | 288 | 242 | 660 | 452 | 486 |
| Capex / Sales | 7.37% | 6.55% | 3.7% | 3.38% | 2.41% | 6.76% | 3.93% | 3.79% |
| Announcement Date | 10/05/19 | 18/06/20 | 21/06/21 | 09/05/22 | 12/05/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -8.34% | 362M | |
| -0.98% | 110B | |
| +16.43% | 4.6B | |
| +1.22% | 4.01B | |
| +30.34% | 2.87B | |
| +67.34% | 2.24B | |
| -7.18% | 1.32B | |
| -1.33% | 691M | |
| +98.57% | 591M | |
| +39.64% | 558M |
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- Financials V.S.T. Tillers Tractors Limited
