Financials V.S.T. Tillers Tractors Limited NSE India S.E.

Equities

VSTTILLERS

INE764D01017

Heavy Machinery & Vehicles

Market Closed - NSE India S.E. 07:43:49 2024-04-26 am EDT 5-day change 1st Jan Change
3,530 INR +6.69% Intraday chart for V.S.T. Tillers Tractors Limited +4.58% -6.57%

Valuation

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,380 5,806 15,400 20,763 19,635 30,523 - -
Enterprise Value (EV) 1 11,380 5,548 15,080 20,450 19,354 26,385 25,579 24,642
P/E ratio 24.7 x 32.3 x 17 x 20.9 x 21.2 x 26.3 x 23.2 x 21.3 x
Yield 1.14% - - 0.83% 1.1% 0.87% 0.92% 1.07%
Capitalization / Revenue 1.85 x 1.07 x 2.02 x 2.43 x 1.95 x 3.13 x 2.66 x 2.38 x
EV / Revenue 1.85 x 1.02 x 1.97 x 2.4 x 1.92 x 2.7 x 2.23 x 1.92 x
EV / EBITDA 24.8 x 32 x 16.4 x 16.5 x 15.2 x 21.7 x 17.1 x 14.4 x
EV / FCF -541 x 15.1 x 11.9 x 21.4 x 159 x 32.2 x 21.1 x 17.4 x
FCF Yield -0.18% 6.62% 8.38% 4.67% 0.63% 3.11% 4.74% 5.74%
Price to Book 1.93 x - 2.31 x 2.77 x 2.38 x 3.36 x 3.04 x 2.74 x
Nbr of stocks (in thousands) 8,640 8,640 8,640 8,640 8,640 8,640 - -
Reference price 2 1,317 672.0 1,782 2,403 2,273 3,533 3,533 3,533
Announcement Date 5/10/19 6/18/20 6/21/21 5/9/22 5/12/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,148 5,437 7,642 8,539 10,064 9,761 11,493 12,809
EBITDA 1 459.1 173.4 917.6 1,242 1,272 1,214 1,498 1,707
EBIT 1 737.8 245.7 746.8 991.4 1,252 1,482 1,677 1,925
Operating Margin 12% 4.52% 9.77% 11.61% 12.44% 15.18% 14.59% 15.03%
Earnings before Tax (EBT) 1 715.3 231 1,192 1,322 1,240 1,465 1,660 1,907
Net income 1 460.6 180 907.7 993.1 923.7 1,104 1,247 1,432
Net margin 7.49% 3.31% 11.88% 11.63% 9.18% 11.31% 10.85% 11.18%
EPS 2 53.31 20.83 105.1 115.0 107.0 134.1 152.0 165.8
Free Cash Flow 1 -21.05 367.2 1,264 954.4 121.8 820 1,212 1,414
FCF margin -0.34% 6.75% 16.54% 11.18% 1.21% 8.4% 10.55% 11.04%
FCF Conversion (EBITDA) - 211.75% 137.8% 76.86% 9.58% 67.55% 80.93% 82.85%
FCF Conversion (Net income) - 203.98% 139.3% 96.1% 13.19% 74.25% 97.19% 98.74%
Dividend per Share 2 15.00 - - 20.00 25.00 30.77 32.60 37.73
Announcement Date 5/10/19 6/18/20 6/21/21 5/9/22 5/12/23 - - -
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 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 2,029 1,947 1,936 2,335 2,084 2,184 2,360 2,342 2,137 2,461 2,842 1,480 316
EBITDA 298.5 78.3 253.9 383.9 302.5 301.5 170.2 - - - 395 - -
EBIT - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - -
Earnings before Tax (EBT) 398.4 175 312 428.2 290 291.6 - - - - - - -
Net income 1 308.3 129.3 240.1 321.5 210.5 221 100.5 - - 329.9 302 140 -
Net margin 15.2% 6.64% 12.4% 13.77% 10.1% 10.12% 4.26% - - 13.4% 10.63% 9.46% -
EPS 35.68 14.97 27.79 37.21 24.36 25.58 - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 2/9/21 6/21/21 8/14/21 11/9/21 2/14/22 5/9/22 8/9/22 10/31/22 2/10/23 8/4/23 - - -
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - 258 319 313 281 4,138 4,944 5,881
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -21.1 367 1,264 954 122 820 1,212 1,414
ROE (net income / shareholders' equity) 7.77% 3.09% 14.6% 14% 11.7% 12.8% 13% 13.5%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 683.0 - 773.0 868.0 954.0 1,050 1,162 1,290
Cash Flow per Share - - - - - - - -
Capex 1 453 356 282 288 242 660 452 486
Capex / Sales 7.37% 6.55% 3.7% 3.38% 2.41% 6.76% 3.93% 3.79%
Announcement Date 5/10/19 6/18/20 6/21/21 5/9/22 5/12/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

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