Flash Finance

VST Industries LimitedVSTINDCorporate

Cigarettes Latest results: Mar 2026 6 quarters of data
Consolidated Standalone
₹199.02
MCap ₹3,374 Cr · P/E 11.5
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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹689 Cr
Sales · Mar 2026
+51.9% YoY
₹208 Cr
Operating Profit · Mar 2026
+199.7% YoY
30.2%
OPM % · Mar 2026
+97.4% YoY
₹117 Cr
Net Profit · Mar 2026
+120.2% YoY
₹6.87
EPS · Mar 2026
+119.5% YoY

📝 VST Industries Limited — results explained

Quarter ended March 2026 (Q4 FY26)

VST Industries Limited reported revenue of ₹689 crore for the quarter ended March 2026 (Q4 FY26), up 51.9% from ₹454 crore in the same quarter last year, and up 40.2% sequentially over the December 2025 quarter.

Net profit rose 120.2% year-on-year to ₹117 crore, from ₹53 crore. Earnings per share (EPS) came in at ₹6.87.

Operating profit stood at ₹208 crore — an operating margin (OPM) of 30.2%, compared with 15.3% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, VST Industries Limited posted revenue of ₹2,046 crore, with a net profit of ₹292 crore.

On a trailing-twelve-month (TTM) basis, revenue stands at ₹2,046 crore with a net profit of ₹292 crore.

Valuation snapshot

At the current price of ₹199.02, VSTIND has a market capitalisation of ₹3,374 crore and a trailing P/E of about 11.5.

Shareholding pattern

As of Sep 2026, promoters held 32.16%, foreign institutional investors (FIIs) 1.25%, domestic institutional investors (DIIs) 5.91%, public shareholders 60.49% of VST Industries Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹3,374 Cr
Current Price ?
₹199.0
P/E ?
11.55
Industry P/E ?
N/A
P/B ?
2.33
P/S ?
1.65
P/FCF ?
19.17
Enterprise Value ?
₹3,374 Cr
EV/EBITDA ?
7.50
PEG ?
2.89
Earnings Yield ?
10.3%
Dividend Yield ?
6.03%
Profitability & Returns
Sales (TTM) ?
₹2,046 Cr
OPM ?
22.0%
Profit after tax (TTM) ?
₹292 Cr
EPS (TTM) ?
₹17.24
ROCE ?
28.0%
ROE ?
20.2%
ROA ?
14.5%
Growth
Sales — latest qtr ?
₹689 Cr
PAT — latest qtr ?
₹117 Cr
YoY qtr sales growth ?
51.9%
YoY qtr profit growth ?
120.2%
Sales growth (3y) ?
12%
Sales growth (5y) ?
N/A
Profit growth (3y) ?
4%
Profit growth (5y) ?
N/A
Financial Health
Debt ?
₹0 Cr
Debt to Equity ?
0.00
Interest Coverage ?
5,813.2
Current Ratio ?
N/A
Ownership
Promoter holding ?
32.16%
Change in promoter holding ?
0.00%
Pledged percentage ?
N/A
Market
Return 3 months ?
-13.5%
Return 6 months ?
-22.3%

🗓️ Quarterly results (6 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best
Metric Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026 YoY % QoQ %
Sales 461454414450492689 +51.9% +40.2%
Operating Profit 6870777986208 +199.7% +142.6%
Other Income 810111299 -3.5% +4.7%
Interest ——0——— — —
Depreciation 111212121463 +413.0% +356.2%
Profit Before Tax 6567767881155 +130.6% +90.6%
Net Profit 4853565960117 +120.2% +93.7%
EPS 2.803.133.303.493.556.87 +119.5% +93.5%
OPM % 14.7% 15.3% 18.6% 17.5% 17.5% 30.2% +97.4% +72.6%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric Prev FY FY26 TTM YoY %
Sales — ₹2,046 Cr ₹2,046 Cr —
Operating Profit — ₹450 Cr ₹450 Cr —
OPM % — 21.99% 21.99% —
NPM % — 14.29% 14.29% —
Other Income — ₹41 Cr ₹41 Cr —
Depreciation — ₹101 Cr ₹101 Cr —
Interest — ₹0 Cr ₹0 Cr —
EBIT — ₹349 Cr ₹349 Cr —
PBT — ₹390 Cr ₹390 Cr —
Tax — ₹98 Cr ₹98 Cr —
Net Profit — ₹292 Cr ₹292 Cr —
EPS — ₹17.21 ₹17.21 —
Material Cost — ₹684 Cr ₹684 Cr —
Employee Cost — ₹139 Cr ₹139 Cr —
Extraordinary Items — — — —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 1515170170 +0.0%
Reserves 1,1641,2371,1531,276 +10.7%
Borrowings 0000 —
Other Liabilities 474468493570 +15.6%
Total Liabilities 1,6541,7201,8162,016 +11.0%
Fixed Assets 590268307244 -20.5%
CWIP 04710 -100.0%
Investments 577447532559 +5.1%
Other Assets 4869589761,213 +24.3%
Total Assets 1,6541,7201,8162,016 +11.0%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 181167193218 +13.0%
Cash from Investing Activity 477910-31 -410.0%
Cash from Financing Activity -224-231-221-170 +23.1%
Net Cash Flow 516-1817 +194.4%
Free Cash Flow -22275255176 -31.0%
CFO/OP 72%73%101%76% -24.8%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 12121712 -29.4%
Inventory Days 205220222359 +61.7%
Days Payable 57575866 +13.8%
Cash Conversion Cycle 161175180305 +69.4%
Working Capital Days -4118122285 +133.6%
ROCE % 38%32%21%28% +33.3%

👥 Shareholding (latest 5 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Sep 2026 % Chg
Promoters 32.16%32.16%32.16%32.16%32.16% +0.0%
FIIs 1.60%1.38%1.22%1.34%1.25% -6.7%
DIIs 6.24%6.23%6.31%6.63%5.91% -10.9%
Public 59.81%60.03%60.11%59.69%60.49% +1.3%
Others 0.19%0.19%0.19%0.19%— —
No. of Shareholders 1,58,7551,54,5211,51,0771,46,8151,49,350 +1.7%

⚖️ Peer comparison

Peer comparison unavailableNo other companies in our database share this industry/sector yet.
❓ Frequently asked questions
What was VST Industries Limited's revenue in Q4 FY26?
VST Industries Limited reported revenue of ₹689 crore for the quarter ended March 2026 (Q4 FY26), up 51.9% from ₹454 crore in the same quarter last year, and up 40.2% sequentially over the December 2025 quarter.
What was VST Industries Limited's net profit in Q4 FY26?
Net profit rose 120.2% year-on-year to ₹117 crore, from ₹53 crore. Earnings per share (EPS) came in at ₹6.87.
What is VSTIND's market capitalisation and P/E ratio?
At the current price of ₹199.02, VSTIND has a market capitalisation of ₹3,374 crore and a trailing P/E of about 11.5.
Who owns VST Industries Limited? (shareholding pattern)
As of Sep 2026, promoters held 32.16%, foreign institutional investors (FIIs) 1.25%, domestic institutional investors (DIIs) 5.91%, public shareholders 60.49% of VST Industries Limited.
TTM ends 2026-03-31. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI