V.S.T. Tillers Tractors Ltd - Stock Valuation and Financial Performance

BSE: 531266 | NSE: VSTTILLERS | Automobiles-Tractors | Small Cap

VST Tillers Tractors Share Price

4,934.80 -75.15 -1.50%
as on 20-Dec'24 16:59

DeciZen - make an informed investing decision on VST Tillers Tractors

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

V.S.T. Tillers Tractors stock performance -

mw4me loader
P/E Ratio (SA):
35.57
Market Cap:
4,263.4 Cr.
52-wk low:
2,960.8
52-wk high:
5,250

Is V.S.T. Tillers Tractors Ltd an attractive stock to invest in?

1. Is V.S.T. Tillers Tractors Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that V.S.T. Tillers Tractors Ltd is a good quality company.

2. Is V.S.T. Tillers Tractors Ltd undervalued or overvalued?

The key valuation ratios of V.S.T. Tillers Tractors Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is V.S.T. Tillers Tractors Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of V.S.T. Tillers Tractors Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of VST Tillers Tractors:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
V.S.T. Tillers Tractors Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 30.5%28.8%25.9%28.1%12.5%4.2%19.5%18.9%16%18.1%-
Value Creation
Index
1.21.10.91.0-0.1-0.70.40.40.10.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5526476757636155447648541,006968917
Sales YoY Gr.-17.2%4.4%13.1%-19.5%-11.6%40.6%11.7%17.9%-3.8%-
Adj EPS 80.285.283.6109.557.330.781.598.394.798.5138.7
YoY Gr.-6.2%-1.9%31.1%-47.7%-46.4%165.3%20.6%-3.6%4%-
BVPS (₹) 420.1485.6578.8690.3682.8667.8772.7867.6954.31,069.31,129.3
Adj Net
Profit
69.373.672.294.649.526.570.484.981.885.1120
Cash Flow from Ops. 2685.286.533.443.272.315512536.448.6-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.5%9.5%8.2%-3.8%
Adj EPS 2.3%11.5%6.6%4%
BVPS10.9%9.4%11.4%12.1%
Share Price 13.4% 35.9% 21.8% 29%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
20.518.815.717.38.44.611.31210.49.712.6
Op. Profit
Mgn %
18.217.51515.795.612.114.612.712.911
Net Profit
Mgn %
12.611.410.712.48.14.99.29.98.18.813.1
Debt to
Equity
00000000000
Working Cap
Days
145130132143193198127104104132143
Cash Conv.
Cycle
989587831089948312945115

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.60%

Sales growth has been subdued in last 3 years 8.20%

Net Profit has been subdued in last 3 years 6.55%

Sales growth is not so good in last 4 quarters at -14.13%

Latest Financials - V.S.T. Tillers Tractors Ltd.

Standalone Consolidated
TTM EPS (₹) 138.7 137.6
TTM Sales (₹ Cr.) 917 917
BVPS (₹.) 1,129.3 1,128.2
Reserves (₹ Cr.) 983 966
P/BV 4.37 4.37
PE 35.57 35.86
From the Market
52 Week Low / High (₹) 2960.80 / 5250.00
All Time Low / High (₹) 6.83 / 5250.00
Market Cap (₹ Cr.) 4,263
Equity (₹ Cr.) 8.6
Face Value (₹) 10
Industry PE 31.6

Management X-Ray of VST Tillers Tractors:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of VST Tillers Tractors

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales5526476757636155447648541,006968
Operating Expenses 451534574644570526672729879843
Manufacturing Costs12131317171513161818
Material Costs357421446494407372509578705658
Employee Cost 41455669666882717986
Other Costs 42555964807068657682
Operating Profit 100113101120451792125128125
Operating Profit Margin (%) 18.2%17.5%15.0%15.7%7.3%3.2%12.1%14.6%12.7%12.9%
Other Income 12122645452446342561
Interest 2332222223
Depreciation 9131211161617252727
Exceptional Items 0030000000
Profit Before Tax 1011101161527223119132124156
Tax 3136334025528333234
Profit After Tax 7074831124618919992122
PAT Margin (%) 12.6%11.5%12.2%14.7%7.5%3.3%11.9%11.6%9.2%12.6%
Adjusted EPS (₹)80.585.895.7129.653.320.8105.1115.0106.9140.7
Dividend Payout Ratio (%)19%17%0%39%28%72%19%17%23%14%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 364420500596590577668750824924
Share Capital 9999999999
Reserves 355411491588581568659741816915
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables173236623458838213199
Others Liabilities 92819512812494134134136145
Total Liabilities 4725336317867487298859661,0911,167

Fixed Assets

Gross Block185189200214273288346381400415
Accumulated Depreciation5062737890104120137160187
Net Fixed Assets135127127136183184226244240228
CWIP 23105735482512145
Investments 95136188204165156312414430484
Inventories100807178124102107101108118
Trade Receivables9412413218696968268149155
Cash Equivalents 18283717192632312847
Others Assets28356710812611610097122130
Total Assets 4725336317867487298859661,0911,167

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 2685873343721551253649
PBT 1011101161527223119132124156
Adjustment 24-10-30-717-16-112-24
Changes in Working Capital -451018-5513427729-69-54
Tax Paid -32-39-38-35-34-10-25-35-30-30
Cash Flow From Investing Activity -13-43-75-3611-33-148-110-329
Capex -23-8-32-67-45-34-28-29-24-7
Net Investments 11-41-39432-4-127-85-1310
Others -17-3272457466
Cash Flow From Financing Activity -17-34-3-17-54-33-2-19-19-25
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -2-3-3-1-2-1-2-1-1-2
Dividend Paid -13-260-13-43-260-17-17-22
Others -2-50-3-9-50-1-1-1
Net Cash Flow -499-19076-4-1433
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)20.6118.9517.9920.437.773.0914.5914.0211.7413.9
ROCE (%)30.4828.8325.8828.1112.484.2419.4718.881618.1
Asset Turnover Ratio1.171.291.161.080.830.7710.971.020.9
PAT to CFO Conversion(x)0.371.151.050.290.9341.71.260.390.4
Working Capital Days
Receivable Days65616976816240313855
Inventory Days62514136587248423641
Payable Days37212836434550525564

V.S.T. Tillers Tractors Ltd Stock News

V.S.T. Tillers Tractors Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of VST Tillers Tractors on 20-Dec-2024 16:59 is ₹4,934.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of VST Tillers Tractors stood at ₹4,263.4.
The latest P/E ratio of VST Tillers Tractors as of 20-Dec-2024 16:59 is 35.57.
The latest P/B ratio of VST Tillers Tractors as of 20-Dec-2024 16:59 is 4.37.
The 52-week high of VST Tillers Tractors is ₹5,250 and the 52-week low is ₹2,960.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of VST Tillers Tractors is ₹917.4 ( Cr.) .

About V.S.T. Tillers Tractors Ltd

The VST Group diversified into manufacturing and promoted VST Tillers Tractors, in association and joint venture with the Mitsubishi Group, Japan in 1965. The factory was set up on the outskirts of Bangalore and began with the production of single cylinder diesel engines and power tillers (2-wheeled tractors).

Way back in 1920 the VST Group made a humble start by dealing in petroleum products. Using this strong base, the Group quickly diversified into automotive marketing and after-sales service. From this activity grew the network of the organization throughout the southern states of Karnataka and Tamil Nadu.

In 1984, VST Tillers Tractors entered into an additional technical and financial collaboration again with the Mitsubishis, Japan, for manufacture of compact four wheel drive tractor with rotary.

The tradition and culture of the VST Group continues in this company in spite of it having adopted new management techniques to face global challenges.

Consequent to its long and close association with the Mitsubishi Group of Companies, VST Tillers Tractors Ltd., has effectively absorbed the latest technology and work culture. This has resulted in the company's achievement in perfecting every product it manufactures, meeting even the most exacting requirements of the customer.

Over the years, VST Tillers Tractors Ltd., has established an extensive and efficient countrywide sales and after-sales service network backed by easy availability of spare parts. Periodic training programmes for dealers and customers are taken up to keep them constantly updated on improvements in its products.

Keeping in line with India's liberalised economic policies and guided by the conviction that quality products are marketable world wide, VST Tillers Tractors Ltd., has successfully launched global marketing of its products. It is marketing diesel wngines, power tillers and tractors to regions of Asia, Middle East, Africa, Europe and United States of America.

Products range of the company includes:

  • Tillers
  • Tractors
  • Diesel Engines

Different divisions of the company:

  • Bangalore Division -- Manufacturers of Mitsubishi Shakti Power Tillers, Tractors and Diesel Engines
  • Hosur Division -- Manufacturers of Mitsubishi Shakti Power Tillers  and Diesel Engines
  • Precision Components Division, Mysore -- Manufacturer of Diesel Engine components and Precision Custom made auto components
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