VST Industries Ltd
VST Industries Ltd (VSTIND) last reported results for the quarter ended Jun 2026, with sales of ₹256 crore and net profit of ₹42 crore. The stock last traded at ₹202, a market capitalisation of ₹3,426 crore, on a P/E of 12.3. Over the past 52 weeks the stock has ranged between ₹200 and ₹287. Figures are as of 9 Oct 2026 and are not real time.
VST Industries Ltd share price and key metrics
- Current price
- ₹202
- Market cap
- ₹3,426 cr
- Stock P/E
- 12.3
- Book value
- ₹85.1
- ROE
- 21.0%
- ROCE
- 28.1%
- Dividend yield
- 5.95%
- 52w high / low
- 287/200
Metrics as of 9 Oct 2026. Not real time.
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VST Industries Ltd growth and returns
- 10 Years
- 5%
- 5 Years
- 6%
- 3 Years
- 4%
- TTM
- 4%
- 10 Years
- 8%
- 5 Years
- -1%
- 3 Years
- -4%
- TTM
- 32%
- 10 Years
- 0%
- 5 Years
- -8%
- 3 Years
- -13%
- 1 Year
- -22%
- 10 Years
- 28%
- 5 Years
- 23%
- 3 Years
- 19%
- Last Year
- 21%
VST Industries Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹256 cr, down 14.1% from ₹298 cr a year earlier. Net profit was ₹42 cr, down 25.0% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 360 | 367 | 349 | 298 | 336 | 373 | 457 | 256 |
| Expenses | 292 | 299 | 280 | 221 | 258 | 288 | 249 | 207 |
| Operating profit | 68 | 68 | 70 | 77 | 79 | 86 | 208 | 50 |
| OPM % | 19% | 19% | 20% | 26% | 23% | 23% | 46% | 19% |
| Other income | 8 | 108 | 10 | 11 | 12 | 9 | 9 | 20 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 11 | 11 | 12 | 12 | 12 | 14 | 63 | 11 |
| Profit before tax | 65 | 166 | 67 | 76 | 78 | 81 | 155 | 58 |
| Tax % | 26% | 18% | 21% | 26% | 24% | 26% | 24% | 27% |
| Net profit | 48 | 136 | 53 | 56 | 59 | 60 | 117 | 42 |
| EPS (₹) | 2.80 | 8.02 | 3.12 | 3.30 | 3.49 | 3.55 | 6.87 | 2.50 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
VST Industries Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 922 | 948 | 1,099 | 1,239 | 1,111 | 1,178 | 1,292 | 1,420 | 1,398 | 1,465 | 1,423 |
| Operating profit | 248 | 294 | 353 | 415 | 411 | 412 | 383 | 353 | 279 | 450 | 423 |
| OPM % | 27% | 31% | 32% | 33% | 37% | 35% | 30% | 25% | 20% | 31% | 30% |
| Net profit | 152 | 182 | 227 | 304 | 311 | 320 | 327 | 302 | 290 | 292 | 279 |
| EPS (₹) | 8.92 | 10.71 | 13.35 | 17.90 | 18.29 | 18.85 | 19.25 | 17.75 | 17.10 | 17.21 | 16.41 |
TTM is the trailing twelve months to the most recent quarter.
VST Industries Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 170 | 170 |
| Reserves | 524 | 567 | 649 | 772 | 925 | 1,059 | 1,164 | 1,237 | 1,153 | 1,276 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other liabilities | 259 | 482 | 541 | 610 | 545 | 516 | 474 | 468 | 493 | 570 |
| Total liabilities | 798 | 1,064 | 1,205 | 1,397 | 1,486 | 1,591 | 1,654 | 1,720 | 1,816 | 2,016 |
| Fixed assets | 220 | 195 | 213 | 187 | 173 | 195 | 590 | 268 | 307 | 244 |
| CWIP | 1 | 34 | 0 | 13 | 33 | 10 | 0 | 47 | 1 | 0 |
| Investments | 174 | 416 | 575 | 753 | 887 | 971 | 577 | 447 | 532 | 559 |
| Other assets | 403 | 419 | 416 | 444 | 393 | 415 | 486 | 958 | 976 | 1,213 |
| Total assets | 798 | 1,064 | 1,205 | 1,397 | 1,486 | 1,591 | 1,654 | 1,720 | 1,816 | 2,016 |
As reported by the company. Total assets equal total liabilities by construction.
VST Industries Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 146 | 420 | 290 | 331 | 286 | 277 | 181 | 167 | 193 | 218 |
| Cash from investing | -18 | -264 | -148 | -155 | -144 | -96 | 47 | 79 | 10 | -31 |
| Cash from financing | -130 | -139 | -144 | -177 | -159 | -187 | -224 | -231 | -221 | -170 |
| Net cash flow | -2 | 17 | -2 | -0 | -17 | -5 | 5 | 16 | -18 | 17 |
| Free cash flow | 101 | 377 | 264 | 310 | 240 | 229 | -222 | 75 | 255 | 176 |
| CFO / operating profit | 90% | 177% | 119% | 105% | 96% | 93% | 72% | 73% | 101% | 76% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
VST Industries Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 51% | 50% | 56% | 58% | 48% | 42% | 38% | 32% | 21% | 28% |
| Debtor days | 5 | 11 | 5 | 5 | 5 | 10 | 12 | 12 | 17 | 12 |
| Inventory days | 257 | 196 | 187 | 182 | 226 | 210 | 205 | 220 | 222 | 359 |
| Days payable | 44 | 45 | 55 | 87 | 84 | 74 | 57 | 57 | 58 | 66 |
| Cash conversion cycle | 218 | 162 | 137 | 99 | 148 | 147 | 161 | 175 | 180 | 305 |
| Working capital days | 43 | -44 | -58 | -63 | -58 | -42 | -4 | 118 | 122 | 146 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
VST Industries Ltd shareholding pattern
Promoters held 32.16% at Sep 2026, broadly unchanged since Sep 2025. FIIs 1.25% and DIIs 5.90%.
| % held | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 32.16% | 32.16% | 32.16% | 32.16% | 32.16% | 32.16% | 32.16% | 32.16% |
| FIIs | 1.98% | 1.87% | 1.60% | 1.38% | 1.22% | 1.34% | 1.79% | 1.25% |
| DIIs | 8.96% | 7.22% | 6.24% | 6.23% | 6.31% | 6.63% | 6.03% | 5.90% |
| Public | 56.71% | 58.57% | 59.81% | 60.03% | 60.11% | 59.69% | 59.83% | 60.50% |
| No. of shareholders | 1,22,857 | 1,50,548 | 1,58,755 | 1,54,521 | 1,51,077 | 1,46,815 | 1,48,518 | 1,49,350 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
VST Industries Ltd corporate filings
- Certificate of compliance under Regulation 74(5) of SEBI (DP) Regulations, 2018Company Updatelow impact
- Closure of Trading WindowInsider Trading / SASTlow impact
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