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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
VST Industries Limited is an India-based cigarette manufacturer. The Company is engaged inter-alia in the manufacturing and trading of cigarettes, tobacco and tobacco products. The Company has manufacturing facilities in Hyderabad and Toopran (Telangana). Its brands include…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A high-quality, stagnant business, fairly priced.
VST Industries is scored on the general / industrial framework. It keeps a healthy 19.4% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.75×) — worth a closer look. It throws off free cash worth 5.7% of its market value — a strong free-cash yield.
Over the last 3 years revenue compounded at 3%/yr and profit at -4%/yr. Book value has grown 7%/yr. Return on equity is an elite 25.6%. In the latest quarter profit fell 64% versus the prior quarter.
At 11× earnings, the stock sits at the 56th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price implies ~5%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 14.82 | 18.53 | better |
| P/B | 3.27 | 2.32 | worse |
| EV/EBITDA | 7.72 | 10.88 | better |
| ROE | 25.59 | 13.35 | better |
| ROCE | 35.3 | 17.55 | better |
| ROA | 24.78 | 11.75 | better |
| Quick Ratio | 1.92 | 1.49 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Godfrey Phillips | 22.2 | 4.6 | 20.6% |
| Elitecon International L | 5.3 | 2.8 | 46.4% |
| Indian WOOD Products CO L | 36.8 | 0.6 | 1.3% |
3% CAGR — growing but slowly. Growth is accelerating — latest year outpaced the prior year's rate.
Revenue is outpacing profit (3% vs -4%) — costs are rising faster than the top line.
Operating margin has compressed from 31% to 26% — costs or competition are eating into profitability. Margins have declined for 2 consecutive years — watch for a structural cost problem.
ROE at 20% — the business earns well above its cost of equity. Capital efficiency declining — ROE down 8pp.
Profit grew faster than EPS (-4% vs -57%) — share dilution is eroding per-share value. -57% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 41% QoQ — could be seasonality or a genuine slowdown. Wide quarterly swings (41% spread) — likely seasonality, lumpy orders, or project-based revenue.
Profit fell 64% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 32.2% — dispersed ownership; institutional flows drive the stock.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.