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VST Industries vs ITCVST Industries vs Godfrey PhillipsGVST Industries vs NTC IndustriesVST Industries vs Golden TobaccoVST Industries vs Sinnar Bidi UdyogSVST Industries vs NIFTY 50 | MarketN

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

Latest Quarterly: Mar 2026

Income Metrics

Revenue 4.6B
Gross Profit 3.0B 66.29%
Operating Income 1.5B 31.77%
Net Income 1.2B 25.56%
EPS (Diluted) ₹6.87

Balance Sheet Metrics

Total Assets 20.2B
Total Liabilities 5.7B
Shareholders Equity 14.5B
Debt to Equity 0.39

Cash Flow Metrics

Revenue & Profitability Trend

Quarter Income Flow i

Annual Income Flow i

VST Industries Income Statement From 2022 to 2026

Metric 2026 2025 2024 2023 2022
Revenue i 14.6B 13.9B 14.2B 12.9B 11.8B
Cost of Goods Sold i 6.9B 8.0B 7.7B 6.4B 5.1B
Gross Profit i 7.8B 6.0B 6.4B 6.5B 6.6B
Gross Margin % i 53.1% 42.9% 45.5% 50.3% 56.4%
Operating Expenses
Research & Development i - - - - 75.9M
Selling, General & Administrative i - 906.6M 850.6M 722.9M 346.6M
Other Operating Expenses i 1.9B 1.8B 370.6M 498.1M 1.4B
Total Operating Expenses i 1.9B 2.7B 1.2B 1.2B 1.8B
Operating Income i 3.5B 2.3B 3.5B 3.7B 3.8B
Operating Margin % i 23.9% 16.8% 24.6% 28.7% 32.4%
Non-Operating Items
Interest Income i - 129.9M 129.7M 173.5M 97.5M
Interest Expense i - - - - -
Other Non-Operating Income - - - - -
Pre-tax Income i 3.9B 3.7B 3.9B 4.3B 4.3B
Income Tax i 977.8M 792.1M 931.3M 1.0B 1.1B
Effective Tax Rate % i 25.1% 21.4% 23.6% 23.8% 25.2%
Net Income i 2.9B 2.9B 3.0B 3.3B 3.2B
Net Margin % i 20.0% 20.8% 21.3% 25.3% 27.2%
Key Metrics
EBITDA i 4.5B 1.8B 3.6B 3.6B 4.1B
EPS (Basic) i ₹17.21 ₹17.10 ₹17.75 ₹19.25 ₹18.85
EPS (Diluted) i ₹17.21 ₹17.10 ₹17.75 ₹19.25 ₹18.85
Basic Shares Outstanding i 169819872 169824561 169861120 169861120 169858713
Diluted Shares Outstanding i 169819872 169824561 169861120 169861120 169858713

Income Statement Trend

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VST Industries Balance Sheet From 2022 to 2026

Metric 2026 2025 2024 2023 2022
Assets
Current Assets
Cash & Equivalents i 236.9M 63.4M 243.9M 88.2M 41.9M
Short-term Investments i 5.7B 3.3B 2.5B 3.8B 7.7B
Accounts Receivable i 470.2M 640.6M 464.0M 431.8M 333.0M
Inventory i 6.7B 4.8B 4.5B 3.5B 3.0B
Other Current Assets 598.5M 381.3M 530.9M 412.9M 268.8M
Total Current Assets i 17.2B 12.9B 11.9B 8.3B 11.4B
Non-Current Assets
Property, Plant & Equipment i 2.4B 152.0M 147.8M 135.3M 131.3M
Goodwill i 200.0K 512.0K 807.0K 1.1M 180.0K
Intangible Assets i - 512.0K 807.0K 1.1M 180.0K
Long-term Investments - - - - -
Other Non-Current Assets 34.2M 19.9M 14.5M 116.0M 184.5M
Total Non-Current Assets i 2.9B 5.3B 5.3B 8.2B 4.5B
Total Assets i 20.2B 18.2B 17.2B 16.5B 15.9B
Liabilities
Current Liabilities
Accounts Payable i 1.2B 1.3B 1.2B 968.1M 1.0B
Short-term Debt i - - - - -
Current Portion of Long-term Debt - - - - -
Other Current Liabilities 3.5B 2.5B 2.5B 2.6B 3.2B
Total Current Liabilities i 5.4B 4.7B 4.5B 4.5B 4.9B
Non-Current Liabilities
Long-term Debt i - - - - -
Deferred Tax Liabilities i - - - - -
Other Non-Current Liabilities - - - - -
Total Non-Current Liabilities i 251.9M 234.5M 216.4M 215.3M 229.6M
Total Liabilities i 5.7B 4.9B 4.7B 4.7B 5.2B
Equity
Common Stock i 1.7B 1.7B 154.4M 154.4M 154.4M
Retained Earnings i - 8.7B 8.4B - 7.1B
Treasury Stock i - 92.4M 188.1M - 106.6M
Other Equity - - - - -
Total Shareholders Equity i 14.5B 13.2B 12.5B 11.8B 10.7B
Key Metrics
Total Debt i 0 0 0 0 0
Working Capital i 11.8B 8.2B 7.4B 3.8B 6.5B

Balance Sheet Composition

VST Industries Cash Flow Statement From 2022 to 2026

Metric 2026 2025 2024 2023 2022
Operating Activities
Net Income i 3.9B 3.7B 3.9B 4.3B 4.3B
Depreciation & Amortization i - - - - -
Stock-Based Compensation i -800.0K 49.8M 18.1M 14.3M 9.9M
Working Capital Changes i -883.3M -290.4M -1.1B -900.7M -298.3M
Operating Cash Flow i 2.9B 3.3B 2.4B 3.1B 3.8B
Investing Activities
Capital Expenditures i -418.1M 614.6M -916.6M -4.0B -481.9M
Acquisitions i - - - - -
Investment Purchases i -33.5B -29.0B -27.5B -29.7B -28.4B
Investment Sales i 33.5B 28.4B 29.0B 34.0B 27.8B
Investing Cash Flow i -435.1M -48.6M 647.7M 272.9M -1.0B
Financing Activities
Share Repurchases i - - - -81.6M -106.6M
Dividends Paid i -1.7B -2.3B -2.3B -2.2B -1.8B
Debt Issuance i - - - - -
Debt Repayment i - - - - -
Financing Cash Flow i -1.7B -2.2B -2.3B -2.3B -1.9B
Free Cash Flow i 1.8B 1.5B 726.8M -2.2B 2.3B
Net Change in Cash i 787.8M 1.1B 750.3M 1.0B 936.4M

Cash Flow Trend

VST Industries Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 14.88
Forward P/E 12.81
Price to Book 3.43
Price to Sales 2.97
PEG Ratio -1.04

Profitability Ratios

Profit Margin 19.96%
Operating Margin 31.74%
Return on Equity 21.11%
Return on Assets 11.38%

Financial Health

Current Ratio 3.16
Debt to Equity 0.00
Beta 0.13

Per Share Data

EPS (TTM) ₹17.22
Book Value per Share ₹74.76
Revenue per Share ₹86.24

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
VSTIND 43.4B 14.88 3.43 21.11% 19.96% 0.00
ITC 3.8T 18.79 5.39 49.36% 43.89% 0.51
Godfrey Phillips 328.7B 25.29 5.64 20.41% 20.79% 3.01
NTC Industries 2.4B 12.19 1.56 5.41% 16.36% 34.22
Golden Tobacco 472.1M 13.78 -0.23 -3.74% 21.16% -0.01
Sinnar Bidi Udyog 274.4M 138.87 5.84 -2.83% 4.15% 0.00
Nippun Rana

Nippun Rana

Chasing the market trend!

Hi, I’m Nippun, a tech enthusiast from Haryana, India. I have been coding since 2010 and using my coding skills in the share market since 2020. I have been coding scripts in Pinescript that work on Tradingview app/web. I love learning about new technology and applying it to solve real-world problems. Coding and share-market are my passions, and I enjoy finding and fixing bugs in code. I aim to share my skill set and experience that can positively impact society. Feel free to connect with me, an...

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