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VST Industries (VSTIND) | Financial Analysis & Statements

VST Industries Ltd. | Small-cap | Consumer Defensive

₹277.25

-1.00%

VST Industries vs ITC VST Industries vs Godfrey Phillips VST Industries vs NTC Industries VST Industries vs Golden Tobacco VST Industries vs Sinnar Bidi Udyog VST Industries vs NIFTY 50 | Market

TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Jun 2025

Income Metrics

Revenue 3.0B

Gross Profit 1.5B 50.95%

Operating Income 651.8M 22.03%

Net Income 561.3M 18.97%

EPS (Diluted) ₹3.30

Balance Sheet Metrics

Total Assets 18.2B

Total Liabilities 4.9B

Shareholders Equity 13.2B

Debt to Equity 0.37

Cash Flow Metrics

Revenue & Profitability Trend

Interactive Financial Charts Not Available

This page uses interactive financial charts and dynamic data visualization tools that require JavaScript. For detailed financial analysis:

Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

VST Industries Income Statement From 2021 to 2025

Metric	2025	2024	2023	2022	2021
Revenue i	13.9B	14.2B	12.9B	11.8B	11.1B
Cost of Goods Sold i	8.2B	7.7B	6.4B	5.1B	4.9B
Gross Profit i	5.8B	6.4B	6.5B	6.6B	6.2B
Gross Margin % i	41.4%	45.5%	50.3%	56.4%	56.0%
Operating Expenses
Research & Development i	-	-	-	75.9M	31.1M
Selling, General & Administrative i	906.6M	850.6M	722.9M	346.6M	255.9M
Other Operating Expenses i	638.1M	370.6M	498.1M	1.4B	541.5M
Total Operating Expenses i	1.5B	1.2B	1.2B	1.8B	828.6M
Operating Income i	2.3B	3.5B	3.7B	3.8B	3.8B
Operating Margin % i	16.8%	24.6%	28.7%	32.4%	34.3%
Non-Operating Items
Interest Income i	129.9M	129.7M	173.5M	97.5M	435.0K
Interest Expense i	-	-	-	-	-
Other Non-Operating Income	-	-	-	-	-
Pre-tax Income i	3.7B	3.9B	4.3B	4.3B	4.2B
Income Tax i	792.1M	931.3M	1.0B	1.1B	1.1B
Effective Tax Rate % i	21.4%	23.6%	23.8%	25.2%	25.5%
Net Income i	2.9B	3.0B	3.3B	3.2B	3.1B
Net Margin % i	20.8%	21.3%	25.3%	27.2%	28.0%
Key Metrics
EBITDA i	1.6B	3.6B	3.6B	4.1B	3.8B
EPS (Basic) i	₹17.10	₹17.75	₹19.25	₹18.85	₹18.30
EPS (Diluted) i	₹17.10	₹17.75	₹19.25	₹18.85	₹18.30
Basic Shares Outstanding i	169861120	169861120	169861120	169858713	169861120
Diluted Shares Outstanding i	169861120	169861120	169861120	169858713	169861120

Income Statement Trend

VST Industries Balance Sheet From 2021 to 2025

Metric	2025	2024	2023	2022	2021
Assets
Current Assets
Cash & Equivalents i	63.4M	243.9M	88.2M	41.9M	93.7M
Short-term Investments i	3.3B	2.5B	3.8B	7.7B	8.8B
Accounts Receivable i	640.6M	464.0M	431.8M	333.0M	152.1M
Inventory i	4.8B	4.5B	3.5B	3.0B	3.0B
Other Current Assets	381.3M	530.9M	412.9M	268.8M	322.7M
Total Current Assets i	12.9B	11.9B	8.3B	11.4B	12.5B
Non-Current Assets
Property, Plant & Equipment i	152.0M	147.8M	135.3M	131.3M	129.8M
Goodwill i	512.0K	807.0K	1.1M	180.0K	362.0K
Intangible Assets i	512.0K	807.0K	1.1M	180.0K	362.0K
Long-term Investments	-	-	-	-	-
Other Non-Current Assets	19.9M	14.5M	116.0M	184.5M	10.0M
Total Non-Current Assets i	5.3B	5.3B	8.2B	4.5B	2.4B
Total Assets i	18.2B	17.2B	16.5B	15.9B	14.9B
Liabilities
Current Liabilities
Accounts Payable i	1.3B	1.2B	968.1M	1.0B	1.1B
Short-term Debt i	-	-	-	-	-
Current Portion of Long-term Debt	-	-	-	-	-
Other Current Liabilities	2.5B	2.5B	2.6B	3.2B	3.3B
Total Current Liabilities i	4.7B	4.5B	4.5B	4.9B	5.2B
Non-Current Liabilities
Long-term Debt i	-	-	-	-	-
Deferred Tax Liabilities i	-	-	-	-	-
Other Non-Current Liabilities	-	-	-	-	-
Total Non-Current Liabilities i	234.5M	216.4M	215.3M	229.6M	220.8M
Total Liabilities i	4.9B	4.7B	4.7B	5.2B	5.5B
Equity
Common Stock i	1.7B	154.4M	154.4M	154.4M	154.4M
Retained Earnings i	8.7B	8.4B	-	7.1B	6.0B
Treasury Stock i	92.4M	188.1M	-	106.6M	0
Other Equity	-	-	-	-	-
Total Shareholders Equity i	13.2B	12.5B	11.8B	10.7B	9.4B
Key Metrics
Total Debt i	0	0	0	0	0
Working Capital i	8.2B	7.4B	3.8B	6.5B	7.3B

Balance Sheet Composition

VST Industries Cash Flow Statement From 2021 to 2025

Metric	2025	2024	2023	2022	2021
Operating Activities
Net Income i	3.7B	3.9B	4.3B	4.3B	4.2B
Depreciation & Amortization i	-	-	-	-	-
Stock-Based Compensation i	49.8M	18.1M	14.3M	9.9M	0
Working Capital Changes i	-290.4M	-1.1B	-900.7M	-298.3M	-356.8M
Operating Cash Flow i	3.3B	2.4B	3.1B	3.8B	3.8B
Investing Activities
Capital Expenditures i	614.6M	-916.6M	-4.0B	-481.9M	-463.6M
Acquisitions i	-	-	-	-	-
Investment Purchases i	-29.0B	-27.5B	-29.7B	-28.4B	-25.0B
Investment Sales i	28.4B	29.0B	34.0B	27.8B	24.0B
Investing Cash Flow i	-48.7M	647.7M	272.9M	-1.0B	-1.4B
Financing Activities
Share Repurchases i	-	-	-81.6M	-106.6M	0
Dividends Paid i	-2.3B	-2.3B	-2.2B	-1.8B	-1.6B
Debt Issuance i	-	-	-	-	-
Debt Repayment i	-	-	-	-	-
Financing Cash Flow i	-2.2B	-2.3B	-2.3B	-1.9B	-1.6B
Free Cash Flow i	1.5B	726.8M	-2.2B	2.3B	2.4B
Net Change in Cash i	1.1B	750.3M	1.0B	936.4M	731.5M

Cash Flow Trend

VST Industries Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 16.23

Forward P/E 14.00

Price to Book 3.60

Price to Sales 3.49

PEG Ratio 14.00

Profitability Ratios

Profit Margin 21.32%

Operating Margin 21.88%

Return on Equity 21.95%

Return on Assets 15.99%

Financial Health

Current Ratio 2.74

Debt to Equity 0.00

Beta 0.13

Per Share Data

EPS (TTM) ₹17.25

Book Value per Share ₹77.87

Revenue per Share ₹80.91

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
vstind	48.0B	16.23	3.60	21.95%	21.32%	0.00
ITC	5.2T	25.97	7.41	49.36%	44.15%	0.41
Godfrey Phillips	517.6B	38.93	9.84	20.41%	19.97%	3.41
NTC Industries	2.5B	19.42	1.30	7.27%	18.12%	36.68
Golden Tobacco	625.3M	13.98	-0.30	-3.74%	21.16%	-0.01
Sinnar Bidi Udyog	398.9M	-	9.07	-2.79%	-2.63%	0.00

Financial data is updated regularly. All figures are in the company's reporting currency.