DINESH

VST Industries

Industry: Tobacco
Latest CMP 215
Today's Change ▼ -0.84%
52-Week High / Low 269 | 191
Price Date: 14-Aug-2026
Recommendation Strong Sell
Target Price 212
Expected Upside -0.8%
Forecast Horizon 2 Years
Historical CAGR 17.3%
1,000 Invested 15-Aug-2006
Today's Value 24,407
Investment Period 20 Years

Stock Snapshot

Post Results Return
-9.1%
Mild Negative Re-rating
1-Year Target Price
194
2-Year Target Price
212
52-Week High / Low
269 / 191
20-Day Return
-6.9%
Market Cap (Cr.)
3,659
Current PE
14.6
P/BV Ratio
2.5
Dividend Yield
4.4%
Industry PE
18.0

Price Performance

Basis of our Recommendation

VST Industries is positioned for stable growth, supported by management's focus on operational excellence and brand premiumization amidst a challenging regulatory landscape. Recent earnings calls highlight a commitment to modernizing manufacturing and enhancing supply chain efficiency, which are critical for maintaining competitive margins. Vista's financial outlook anticipates consistent revenue growth aligned with historical performance, alongside improving margins due to effective cost management strategies. The company's strong brand equity and stable demand environment provide a solid foundation for profitability, despite headwinds from high taxation and illicit market competition. The macroeconomic backdrop in India, characterized by robust growth and favorable liquidity conditions, further supports VST's outlook. Over the next 12-24 months, key opportunities include leveraging emerging market growth and product innovation, while watchpoints include navigating regulatory challenges and potential margin compression. Overall, VST Industries is expected to maintain its competitive position, with a fair valuation reflecting its intrinsic value and a target price indicating modest upside potential

👍 Why We Like This Stock

  • Management's focus on modernizing manufacturing and enhancing supply chain efficiency supports margin improvement
  • Stable demand and strong brand equity provide a solid foundation for revenue growth
  • Favorable macroeconomic conditions in India enhance the company's growth prospects

Things To Watch Out For

  • High taxation and strict regulatory compliance present ongoing challenges
  • The threat of illicit market participants could impact market share and profitability
  • Potential margin compression may arise from increased operational costs

Key Parameters

Balance Sheet Strength
Stable Financial Structure
Market Share
Stable
Industry Outlook
Improving
Analyst View
Not Available
Dividend History
Consistent
FII Holdings
Stable

Financial Snapshot

Actuals Forecast
FY24 FY25 FY26 FY27 FY28
Revenue (Cr.) 1,420 1,398 1,465 1,252 1,302
Profit Before Tax (Cr.) 392 269 390 316 333
PBT Margin 27.6% 19.2% 2662.1% 25.2% 25.6%
Net Profit (Cr.) 300 208 267 216 228
Earnings Per Share 17.7 12.2 15.7 12.7 13.4

Analyst Recommendations

No analyst recommendations available.

Consensus Recommendation ► None
Consensus Target
Coverage 0 Analysts
Analysts' Viewpoint

Company Overview

Show Company Profile

VST Industries Limited engages in the manufacturing, trading, and marketing of cigarettes, tobacco, and tobacco products in India and internationally. It sells unmanufactured tobacco. The company was formerly known as Vazir Sultan Tobacco Company Limited and changed its name to VST Industries Limited in April 1983. VST Industries Limited was incorporated in 1930 and is based in Hyderabad, India.