V.s.t Tillers Tractors Limited (VSTTILLERS)

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V.s.t Tillers Tractors Limited (VSTTILLERS) · mywealthgrid

About

V.s.t Tillers Tractors manufactures tractors for agricultural and construction use in India's Industrials sector. Market cap of ₹3,880 Cr positions it as mid-sized player. Recent quarterly revenue: ₹280–330 Cr.

Face value: ₹10

Market cap

₹3,732 Cr

P/E

34.3×

P/B

3.4×

Dividend yield

0.6%

ROE

10%

ROCE

13.1%

Debt / equity

OPM

13.4%

EPS (TTM)

₹125.9

Book value

₹1,264.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

PE of 37.05 relative to ROE of 9.99% indicates expensive valuation—verify earnings growth that justifies this multiple.
Net profit collapsed from ₹44.56 Cr (Jun 2025) to ₹5.29 Cr (Mar 2026) despite stable revenue (~₹310 Cr)—verify cause (operational, seasonal, or working-capital timing).
FII holdings fell to 1.21% from 1.84% (Mar 2026)—verify reasons for declining foreign investor interest.
Tractor sales cycle tied to monsoon, agricultural credit, commodity prices—verify current macro exposure.

Generated analysis · source review pending

Growth drivers

Quarterly revenue grew from ₹282.45 Cr (Jun 2025) to ₹328.46 Cr (Mar 2026)—verify if momentum continues or reflects cyclical rebound.
Operating margin steady at 12.95–14.25% suggests cost discipline; further revenue growth from ~₹1,250 Cr annual rate could drive profit leverage—verify capacity utilisation and capex plans.
Zero debt (D/E 0) plus regular dividends evidence cash generation and financial flexibility—verify management's capital allocation priorities.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹4,339.8-2%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 75.8×

Cons

−Modest revenue growth of 7.2% a year over the last 3 years

Research score

Structured signal from quality, growth, valuation and momentum.

46/100

Business quality: 55
Growth: 34
Valuation: 48

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Tata Motors LimitedTMCVTMCV	₹1,53,008 Cr	₹1,57,825 Cr	₹87,197 Cr	₹8,812 Cr	9.1%	₹4,191 Cr	3.6%	31.3%	24%	-54
Ashok Leyland LimitedASHOKLEYASHOKLEY	₹88,390 Cr	₹1,52,326 Cr	₹57,723 Cr	₹10,982 Cr	19.1%	₹3,476 Cr	6.6%	16.6%	26.2%	-30
Escorts Kubota LimitedESCORTSESCORTS	₹29,847 Cr	₹29,883 Cr	₹12,248 Cr	₹1,529 Cr	13%	₹1,383 Cr	20.8%	15.4%	21.1%	5
Beml LimitedBEMLBEML	₹16,346 Cr	₹16,653 Cr	₹4,536 Cr	₹350 Cr	6.9%	₹82 Cr	3.3%	6%	4.9%	401
Action Construction Equipment LimitedACEACE	₹14,438 Cr	₹14,439 Cr	₹3,414 Cr	₹529 Cr	15.4%	₹437 Cr	12.7%	31.6%	22.9%	-20
Sml Mahindra LimitedSMLMAHSMLMAH	₹9,064 Cr	₹9,344 Cr	₹2,950 Cr	₹273 Cr	9.8%	₹156 Cr	5.6%	41.4%	35.4%	78
Ajax Engineering LimitedAJAXENGGAJAXENGG	₹6,708 Cr	₹6,708 Cr	₹2,111 Cr	₹264 Cr	12.6%	₹228 Cr	10.7%	23.6%	17.7%	12
V.s.t Tillers Tractors LimitedVSTTILLERSVSTTILLERS	₹3,732 Cr	₹3,732 Cr	₹1,271 Cr	₹169 Cr	13.4%	₹109 Cr	8.4%	13.1%	10%	60
Til LimitedTILTIL	₹2,060 Cr	₹2,427 Cr	₹377 Cr	₹18 Cr	1.4%	₹-30 Cr	-9.5%	4.4%	-31.8%	372
Keto Motors LtdKETOMOTORSKETOMOTORS	₹1,753 Cr	₹1,791 Cr	₹2 Cr	₹1 Cr	23.9%	₹-0 Cr	-8.5%	-0.3%	-0.5%	5,652
Atul Auto LimitedATULAUTOATULAUTO	₹1,181 Cr	₹1,326 Cr	₹890 Cr	₹91 Cr	10.2%	₹47 Cr	5.2%	12.6%	9.1%	38
Indo Farm Equipment LimitedINDOFARMINDOFARM	₹634 Cr	₹782 Cr	₹454 Cr	₹59 Cr	13.2%	₹25 Cr	5.6%	8.6%	4.5%	307

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,006	968	995	1,240
COGS	705	658	683	849
Gross profit	302	311	311	392
	175	187	200	226
	127	124	111	166
OPM %	12.6%	12.8%	11.2%	13.4%
Depreciation	27	27	25	26
Interest	1	2	2	2
	25	61	37	3
Profit before tax	124	155	120	142
Tax	32	34	28	37
Tax %	25.5%	22%	22.8%	26%
	92	121	93	105
PAT margin %	9.2%	12.5%	9.4%	8.4%
EPS (₹)	106.9	140.1	107.6	121.2
EPS adjusted (₹)	106.9	140.1	107.6	121.1
	23.4%	14.3%	18.6%	20.6%
Annual report	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	9	9	9	9	9
Reserves	—	816	915	993	1,085
	—	0	0	0	0
	—	266	243	263	250
Total equity & liabilities	—	1,091	1,167	1,265	1,344
	244	240	228	214	211
CWIP	—	14	5	10	18
Investments	—	452	506	545	651
	—	385	428	497	464
Total assets	—	1,091	1,167	1,265	1,344

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	36	49	77	132
	-32	9	-29	-136
	-19	-25	-20	-20
Net cash flow	-14	33	28	-24
Free cash flow	12	41	56	105
CFO / Operating profit %	28.6%	39.1%	68.9%	79.3%

Compounded sales growth

7 years: —
5 years: —
3 years: 7%
1 year: 25%

Compounded profit growth

7 years: —
5 years: —
3 years: 4%
1 year: 13%

Return on equity

7 years: —
5 years: —
3 years: 11%
Last year: 10%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	30%	32.1%	31.3%	31.6%
EBITDA margin %	12.6%	12.8%	11.2%	13.4%
EBIT margin %	10%	10%	8.6%	11.3%
PAT margin %	9.2%	12.5%	9.4%	8.4%
Working capital
Receivable days	54	59	75	51
Inventory days	56	65	54	53
Payable days	68	55	53	43
NWC days	42	69	76	60
Leverage
Current ratio	3.56	4.6	4.77	5.63
Debt to EBITDA	0	0	0	0
Debt to equity	0	0	0	0
Interest coverage	98.6	73.4	63.2	75.8
Asset turnover	0.92	0.83	0.79	0.92
Return ratios
Return on assets %	8.5%	10.4%	7.3%	7.8%
Return on capital employed %	14.3%	17%	12.1%	13.1%
Return on equity %	11.2%	13.1%	9.3%	9.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	55.57%	55.57%	55.63%	55.63%	55.63%	55.63%	55.63%	55.61%	55.61%	55.61%	55.61%	55.55%
	2.07%	2.02%	1.89%	2.8%	2.89%	2.67%	2.48%	1.41%	1.76%	1.61%	1.84%	1.21%
	17.24%	16.61%	16.87%	17.97%	19.11%	20.47%	20.72%	21.72%	21.41%	20.6%	19.61%	19.96%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	25.12%	25.8%	25.61%	23.6%	22.37%	21.23%	21.17%	21.26%	21.22%	22.18%	22.94%	23.28%
No. of shareholders	—	—	—	—	—	—	—	—	21,237	22,694	24,076	24,293

Promoter holding down 0.02 percentage points since Sep 2023.

3 deals · 11 Oct 2022 – 25 Aug 2023

Date	Client	Type	Venue	Side	Quantity	Price	Value
25 Aug 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	46,513	₹3,629.27	₹16.88 Cr
25 Aug 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	46,513	₹3,626.48	₹16.87 Cr
11 Oct 2022	FIRST SENTIER INVESTORS ICVC-SI ASIA PACIFIC SUSTAINABILITY FUND	Bulk	NSE	Sell	1,62,707	₹2,120.02	₹34.49 Cr

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. ARUN VELLORE SURENDRANon-Executive - Non Independent Director-Chairperson related to Promoter
Mrs. SIVA KAMESWARI VISSANon-Executive - Independent Director
Mr. VELLORE VELU PRAVINDRANon-Executive - Non Independent Director
Mr. VELLORE TIRUVENGADASWAMY RAVINDRAExecutive Director
Mr. NANDAKUMAR JAIRAMNon-Executive - Independent Director
Mr. RAJEN KRISHNANAND PADUKONENon-Executive - Independent Director
Mr. KULA AJITH KUMAR RAINon-Executive - Independent Director
Mrs. Shuba KumarNon - Executive Independent Director
Mr. Antony CherukaraChief Executive Officer
Mr. Nitin AgrawalChief Financial Officer
Chinmaya KhatuaCompany Secretary & Compliance Officer

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 3 fund houses

Held by these funds

15.37%

of the company's equity

All mutual funds

15.28%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

10 schemes · 3 fund houses

		Shares
SMALL CAP FUND	Nippon India Mutual Fund	5.02 L	218.61	0.26%	5.833%	-0
Portfolio of Kotak Small Cap Fund	Kotak Mahindra Mutual Fund	4.5 L	196.25	1%	5.236%	-0
Portfolio of Kotak Infrastructure & Economic Reform FundNEW	Kotak Mahindra Mutual Fund	1.29 L	56.22	2.26%	1.5%	—
Portfolio of Kotak Consumption Fund	Kotak Mahindra Mutual Fund	55,006	23.97	1.39%	0.64%	-0
Portfolio of Kotak Aggressive Hybrid Fund	Kotak Mahindra Mutual Fund	54,014	23.54	0.25%	0.628%	-0
Portfolio of Kotak Rural Opportunities Fund	Kotak Mahindra Mutual Fund	48,200	21.01	2.77%	0.56%	-0
Portfolio of Kotak Multi Asset Allocation Fund	Kotak Mahindra Mutual Fund	36,403	15.86	0.1%	0.423%	-0
Portfolio of Kotak Transportation & Logistics Fund	Kotak Mahindra Mutual Fund	27,000	11.77	2.18%	0.314%	-0

1–8 of 10

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

23 announcementsExport CSV

1 Oct 2026, 10:51 amCompany Update

Announcement under Regulation 30 (LODR)-Monthly Business Updates

Monthly Business Updates PDF

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Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	30%	32.1%	31.3%	31.6%
EBITDA margin %	12.6%	12.8%	11.2%	13.4%
EBIT margin %	10%	10%	8.6%	11.3%
PAT margin %	9.2%	12.5%	9.4%	8.4%
Working capital
Receivable days	54	59	75	51
Inventory days	56	65	54	53
Payable days	68	55	53	43
NWC days	42	69	76	60
Leverage
Current ratio	3.56	4.6	4.77	5.63
Debt to EBITDA	0	0	0	0
Debt to equity	0	0	0	0
Interest coverage	98.6	73.4	63.2	75.8
Asset turnover	0.92	0.83	0.79	0.92
Return ratios
Return on assets %	8.5%	10.4%	7.3%	7.8%
Return on capital employed %	14.3%	17%	12.1%	13.1%
Return on equity %	11.2%	13.1%	9.3%	9.6%

Date	Category	Subject	Filing
1 Oct 2026, 10:51 am	Company Update Monthly Business Updates	Announcement under Regulation 30 (LODR)-Monthly Business Updates	PDF
28 Sept 2026, 6:00 pm	Company Update General	Intimation Of Environmental, Social And Governance (ESG) Rating.	PDF
10 Sept 2026, 2:29 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
3 Sept 2026, 3:56 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
2 Sept 2026, 3:59 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
1 Sept 2026, 10:08 pm	Corp. Action Record Date	Record Date For Dividend/AGM	PDF
1 Sept 2026, 10:02 pm	AGM/EGM AGM	Notice Of Annual General Meeting For The Financial Year 25-26	PDF
1 Sept 2026, 10:00 pm	Others Business Responsibility and Sustainability Reporting (BRSR)	Business Responsibility and Sustainability Reporting (BRSR)	PDF

V.s.t Tillers Tractors Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

21

1

1

Compounded sales growth

Compounded profit growth

Return on equity

V.s.t Tillers Tractors Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Dividends21

Board meetings1

Bonus issues1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

21

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