Financials VST Industries Limited NSE India S.E.

Equities

VSTIND

INE710A01016

Tobacco

Market Closed - NSE India S.E. 07:43:50 2024-05-03 am EDT 5-day change 1st Jan Change
3,982 INR -2.13% Intraday chart for VST Industries Limited -3.36% +16.88%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 53,678 42,958 52,361 47,312 48,550 61,452 - -
Enterprise Value (EV) 1 53,678 42,958 52,361 47,312 48,550 61,452 61,452 61,452
P/E ratio 23.7 x 14.1 x 16.8 x 14.8 x 14.8 x - 16.9 x 14.9 x
Yield 2.73% 3.7% 3.36% 4.57% 4.77% 3% 4.54% 5.15%
Capitalization / Revenue 4,884,183 x 3,466,162 x 4,713,067 x 4,015,762 x 3,756,474 x - 3,985,362 x 3,648,751 x
EV / Revenue 4,884,183 x 3,466,162 x 4,713,067 x 4,015,762 x 3,756,474 x - 3,985,362 x 3,648,751 x
EV / EBITDA 15,200,968 x 10,392,616 x 12,752,681 x 11,493,659 x 12,686,553 x - 14,234,860 x 12,364,566 x
EV / FCF 20.3 x - - 20.7 x -21.8 x 19.7 x 23.4 x 21.1 x
FCF Yield 4.92% - - 4.83% -4.58% 5.08% 4.28% 4.75%
Price to Book 8.08 x 5.46 x 5.57 x 4.4 x 4.11 x - 4.44 x 4.05 x
Nbr of stocks (in thousands) 15,442 15,442 15,442 15,442 15,442 15,442 - -
Reference price 2 3,476 2,782 3,391 3,064 3,144 3,980 3,980 3,980
Announcement Date 5/3/19 5/21/20 4/27/21 4/26/22 4/25/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 10,990 12,394 11,110 11,782 12,924 - 15,419 16,842
EBITDA 3,531 4,134 4,106 4,116 3,827 - 4,317 4,970
EBIT - 3,716 - 3,815 3,525 - 3,906 4,515
Operating Margin - 29.98% - 32.38% 27.27% - 25.33% 26.81%
Earnings before Tax (EBT) 3,507 4,202 4,173 4,282 4,289 - 4,751 5,386
Net income 2,268 3,041 3,108 3,202 3,270 - 3,635 4,120
Net margin 20.64% 24.54% 27.97% 27.18% 25.3% - 23.57% 24.46%
EPS 146.9 196.9 201.3 207.4 211.8 - 235.4 266.8
Free Cash Flow 1 2,643 - - 2,283 -2,224 3,123 2,629 2,919
FCF margin 24.05% - - 19.38% -17.21% - 17.05% 17.33%
FCF Conversion (EBITDA) 74.84% - - 55.46% - - 60.9% 58.73%
FCF Conversion (Net income) 116.5% - - 71.3% - - 72.32% 70.85%
Dividend per Share 2 95.00 103.0 114.0 140.0 150.0 119.3 180.8 204.9
Announcement Date 5/3/19 5/21/20 4/27/21 4/26/22 4/25/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 2,866 2,781 2,754 2,716 3,286 3,026 3,010 3,440 3,458 3,017 3,333 3,610 3,551 3,117
EBITDA 1 996.1 982.7 919.5 1,043 1,091 1,063 1,129 929.7 947.1 820.8 1,054 1,083 870 826
EBIT - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - -
Net income 1 737.1 728.3 704.4 798.8 827.2 871.9 871.4 921.6 789.8 687 837 - 778 -
Net margin 25.72% 26.19% 25.58% 29.41% 25.17% 28.81% 28.95% 26.79% 22.84% 22.77% 25.11% - 21.91% -
EPS - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 1/20/21 4/27/21 7/27/21 10/21/21 1/20/22 4/26/22 7/29/22 11/8/22 1/25/23 4/25/23 7/14/23 - - -
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 2,643 - - 2,283 -2,224 3,123 2,629 2,919
ROE (net income / shareholders' equity) 34.2% 41.9% 36% 31.8% 29% 23% 27.6% 28.4%
ROA (Net income/ Total Assets) - - - - - - - -
Assets - - - - - - - -
Book Value Per Share 430.0 510.0 609.0 696.0 764.0 - 896.0 982.0
Cash Flow per Share - - - - - - - -
Capex 1 259 219 464 489 4,039 542 1,127 1,206
Capex / Sales 2.36% 1.77% 4.17% 4.15% 31.25% - 7.31% 7.16%
Announcement Date 5/3/19 5/21/20 4/27/21 4/26/22 4/25/23 - - -
1INR in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Quarterly revenue - Rate of surprise

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