NSE: VSTTILLERS · BSE: 531266 · ISIN INE764D01017
V.S.T Tillers Tractors Limited stock analysis
V.S.T Tillers Tractors Limited ranks #2171 in the TickerSutra evidence-ranked universe with a score of 48/100 and 95% data confidence. The latest captured fundamentals show ROCE of 13.8%, quarterly sales growth of 11.0% and quarterly profit growth of 9.4%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0×
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- No calculated threshold risk in the current snapshot.
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹854cr | ₹125cr | ₹99cr | 15.0% |
| 2023 | ₹1,006cr | ₹128cr | ₹92cr | 13.0% |
| 2024 | ₹968cr | ₹125cr | ₹122cr | 13.0% |
| 2025 | ₹995cr | ₹111cr | ₹94cr | 11.0% |
| 2026 | ₹1,240cr | ₹167cr | ₹106cr | 13.0% |
| TTM | ₹1,271cr | ₹169cr | ₹110cr | 13.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
V.S.T Tillers Tractors Limited has informed the Exchange about Environmental, Social and Governance (ESG) rating.
RoutineVST Tillers Tractors Ltd-$ - 531266 - Intimation Of Environmental, Social And Governance (ESG) Rating.BSE · 28 Sept 2026Intimation of ESG Rating
RoutineVST Tillers Tractors Ltd-$ - 531266 - Proceedings Of The 58Th Annual General Meeting Of The CompanyBSE · 23 Sept 2026Proceedings of 58th Annual General Meeting
RoutineShareholders meetingNSE · 23 Sept 2026V.S.T Tillers Tractors Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 23, 2026
RoutineVST Tillers Tractors Ltd-$ - 531266 - Shareholder Meeting / Postal Ballot-Outcome of AGMBSE · 23 Sept 2026Proceedings of 58th Annual General Meeting
MANAGEMENT COMMENTARY
Signals from filed documents
The Company’s overall financial performance during the year reflects sustained growth in revenues, coupled with a significant improvement in operating profitability. The increase in Operating EBITDA indicates improved operating leverage and efficiency, while the healthy growth in PAT demonstrates the Company’s continued ability to translate business growth into enhanced shareholder value. The Company remains focused
The growing emphasis on enhancing farm productivity and reducing dependence on manual labour is likely to further strengthen mechanisation adoption, particularly among small and marginal farmers. In the near term, industry demand may remain influenced by monsoon performance, crop price realisation and rural liquidity conditions, resulting in periodic fluctuations in demand patterns. However, the medium-term outlook r
Competitive Intensity Risk Competition from domestic and international players has increased. This creates pricing pressures, reduces market share, and squeezes profit margins. The Company embraces a culture of frugality, keeps innovating, and runs lean operations.
In addition, the initiative is focussed on delivering electric vehicle solutions tailored to the needs of small and marginal farmers across global markets. Innovation continues to be a key pillar of VST’s long-term growth, enabling the development of differentiated products and future-ready technologies. As part of this vision, we are establishing a state-of-the-art Global Technology Centre at Hosur with a phased inv
models, reinforcing our commitment to innovative, sustainable, and locally developed agricultural solutions. While export market conditions remained challenging, particularly in Europe, we maintained our market presence and progressed our plans to establish operations in the Netherlands to improve delivery timelines, inventory rotation and customer service. We also continued preparations for our planned entry into th
The Company continued to develop Stage V-compliant products, cabin tractors and premium variants while strengthening distribution partnerships across Europe, Africa and Asia. It is also evaluating an operational base in Europe to improve fulfilment resilience and remains prepared for a phased entry into the United States as the regulatory and tariff environment evolves. Maximise Higher-Horsepower Capacity Utilisation
The changes in the remuneration of Key Managerial Personnel (“KMPs”) were made in accordance with prevailing market conditions, industry benchmarks and the Company’s remuneration policy. The remuneration of the Managing Director was approved by the shareholders of the Company. During FY 2025-26, the Company provided an average salary increase of approximately 9.1% to its employees, taking into consideration prevailin
CIRCULAR ECONOMY AND RESOURCE EFFICIENCY We continued to strengthen our waste management practices with a focus on improving material recovery and reducing disposal. As part of this effort, we applied for Extended Producer Responsibility (EPR) certification for plastic waste management and are currently awaiting approval. Environmental 41 58th Annual Report 2025-26 Corporate Overview Financial StatementsStatutory Rep
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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