VSTTILLERS

V.S.T Tillers Tractors Limited

Compact tractors and small farm machinery under VST Zetor and FieldTrac brands

Industrials›Capital Goods›Agricultural, Commercial & Construction Vehicles›Tractors

vsttractors.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹4264.30
Market cap
3,690 Cr
Stock P/E
33.9
P/B
3.37
Dividend yield
0.5%
ROE (FY26)
9.6%
ROCE (FY26)
13.1%
Operating margin (FY26)
11.3%
OCF / EBITDA (FY26)
79.3%
OCF / EBITDA (3Y)
64.0%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

VST Tillers Tractors (VST) makes power tillers, power weeders, reapers and tractors for farmers, with a focus on small farm machinery, and exports tractors in the 0 to 30 horsepower range to Europe and other markets.

Company snapshot

2ndBy market cap

Ranked among 2 companies in Tractors.

What we see

Positives
  • ✓Interest coverage of 73.5x — earnings comfortably cover interest obligations.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales170 Cr273 Cr191 Cr283 Cr219 Cr301 Cr282 Cr315 Cr314 Cr328 Cr313 Cr
Operating expenses (approx.)160 Cr234 Cr177 Cr246 Cr200 Cr261 Cr245 Cr274 Cr274 Cr282 Cr273 Cr
EBITDA10 Cr40 Cr13 Cr38 Cr20 Cr40 Cr38 Cr41 Cr41 Cr47 Cr40 Cr
OPM %5.6%14.6%7.0%13.3%8.9%13.4%13.3%13.0%12.9%14.3%12.9%
Other income18 Cr10 Cr21 Cr27 Cr-9 Cr-0.92 Cr26 Cr3 Cr7 Cr-31 Cr28 Cr
Interest0.59 Cr0.52 Cr0.51 Cr0.56 Cr0.48 Cr0.41 Cr0.38 Cr0.57 Cr0.51 Cr0.45 Cr0.44 Cr
Depreciation7 Cr7 Cr6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr5 Cr
Profit before tax20 Cr43 Cr28 Cr57 Cr4 Cr32 Cr56 Cr36 Cr41 Cr9 Cr62 Cr
Tax %16.7%18.5%18.5%21.7%64.4%23.9%21.4%30.7%24.9%41.6%22.1%
Net profit17 Cr35 Cr22 Cr45 Cr1 Cr24 Cr44 Cr25 Cr30 Cr5 Cr48 Cr
EPS (₹)₹19.53₹40.22₹26.00₹51.85₹1.48₹28.27₹51.16₹28.90₹35.21₹5.89₹55.97

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2024Mar 2025Mar 2026TTM
Sales968 Cr995 Cr1,240 CrSign in free for the trailing twelve months
Operating expenses (approx.)844 Cr883 Cr1,074 CrSign in free for the trailing twelve months
EBITDA124 Cr111 Cr166 CrSign in free for the trailing twelve months
OPM %12.8%11.2%13.4%Sign in free for the trailing twelve months
Other income61 Cr38 Cr4 CrSign in free for the trailing twelve months
Interest2 Cr2 Cr2 CrSign in free for the trailing twelve months
Depreciation27 Cr25 Cr26 CrSign in free for the trailing twelve months
Profit before tax155 Cr120 Cr142 CrSign in free for the trailing twelve months
Tax %22.0%22.8%26.0%Sign in free for the trailing twelve months
Net profit121 Cr93 Cr105 CrSign in free for the trailing twelve months
EPS (₹)₹140.13₹107.60₹121.16Sign in free for the trailing twelve months
Dividend payout %17.8%18.6%16.5%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2024Mar 2025Mar 2026
Equity capital9 Cr9 Cr9 Cr
Reserves915 Cr993 Cr1,085 Cr
Borrowings———
Other liabilities243 Cr263 Cr250 Cr
Total liabilities1,167 Cr1,265 Cr1,344 Cr
Fixed assets (net)222 Cr211 Cr204 Cr
CWIP5 Cr10 Cr18 Cr
Investments506 Cr545 Cr651 Cr
Loans & advances0.07 Cr0.09 Cr0.04 Cr
Inventories118 Cr101 Cr123 Cr
Trade receivables155 Cr206 Cr172 Cr
Cash & bank44 Cr71 Cr47 Cr
Other assets118 Cr121 Cr129 Cr
Total assets1,167 Cr1,265 Cr1,344 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2024Mar 2025Mar 2026
Cash from operating activity49 Cr77 Cr132 Cr
Cash from investing9 Cr-29 Cr-136 Cr
Cash from financing-25 Cr-20 Cr-20 Cr
Net cash flow33 Cr27 Cr-24 Cr
Free cash flow (OCF − Capex)41 Cr56 Cr105 Cr

Ratios

MetricMar 2024Mar 2025Mar 2026
ROCE %17.0%12.2%13.1%
ROE %13.1%9.3%9.6%
Debtor days597550
Inventory days746360
Days payable626249
Cash conversion cycle707661
OCF / EBITDA %39.1%68.9%79.3%
OCF / EBITDA % (3 years)——64.0%
Debt / equity———
Current ratio4.604.775.63
Net debt / EBITDA-0.35-0.64-0.28