VST Key Ratios
NSE: VSTIND | BSE: 509966
₹189.00
As on 03-Nov-2026 09:29IST
Market cap
₹3,181 Cr
Revenue (TTM)
₹2,887 Cr
P/E Ratio
12.2
P/B Ratio
2.4
Div. Yield
6.4 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -2.05 | 87.41 | 61.37 | 18.75 | 14.11 |
| EBIT | -15.79 | -51.22 | 17.04 | -4.25 | -4.56 |
| Net Profit | -3.25 | -30.69 | 17.33 | -5.38 | -2.59 |
| EPS | -3.26 | -30.69 | -14.52 | -5.38 | -2.59 |
| Book Value | -- | -- | 9.31 | 7.04 | 8.95 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 20.92 | 24.48 | 9.98 | 23.81 | 16.76 |
| Net Margin
| 19.93 | 21.96 | 8.84 | 19.41 | 20.27 |
| Return on equity
| 22.87 | 25.89 | 18.79 | 21.14 | 22.60 |
| Return on Capital
| 29.78 | 33.98 | -- | 28.18 | 28.71 |
| Return on Assets
| 16.71 | 18.34 | 13.19 | 15.51 | 16.58 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.00 | 0.00 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
VST
|
--
|
28.18
|
28.71
|
32.46
|
38.06
|
|
Peer Median
|
--
|
19.66
|
17.20
|
19.56
|
--
|
ROE
18.79
Lower than Peers by 2.74
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
VST
|
18.79
|
21.14
|
22.60
|
24.86
|
29.06
|
|
Peer Median
|
21.53
|
15.23
|
14.01
|
16.06
|
--
|
ROA
13.19
Lower than Peers by 0.51
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
VST
|
13.19
|
15.51
|
16.58
|
18.05
|
20.41
|
|
Peer Median
|
13.70
|
10.76
|
10.54
|
10.38
|
--
|
EBIT Margin
9.98
Lower than Peers by 4.67
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
VST
|
9.98
|
23.81
|
16.76
|
22.18
|
27.27
|
|
Peer Median
|
14.64
|
15.01
|
17.48
|
15.61
|
--
|
Net Margin
8.84
Lower than Peers by 5.03
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
VST
|
8.84
|
19.41
|
20.27
|
20.10
|
23.89
|
|
Peer Median
|
13.86
|
18.02
|
17.85
|
17.57
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
VST
|
--
|
19.23
|
18.51
|
18.49
|
21.36
|
|
Peer Median
|
--
|
--
|
--
|
0.00
|
--
|
Revenue Growth
61.37
Higher than Peers by 51.51
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
VST
|
61.37
|
4.78
|
-1.60
|
9.91
|
9.70
|
|
Peer Median
|
9.86
|
42.34
|
21.19
|
5.14
|
--
|
EBIT Growth
17.04
Higher than Peers by 6.05
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
VST
|
17.04
|
48.83
|
-25.64
|
-10.61
|
-7.61
|
|
Peer Median
|
10.99
|
16.61
|
19.07
|
35.76
|
--
|
Net Profit Growth
17.33
Higher than Peers by 14.11
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
VST
|
17.33
|
0.64
|
-3.70
|
-7.77
|
2.11
|
|
Peer Median
|
3.21
|
2.35
|
9.13
|
-0.55
|
--
|
EPS Growth
-14.52
--
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
VST
|
-14.52
|
0.64
|
-3.70
|
-7.77
|
2.11
|
|
Peer Median
|
--
|
5.54
|
3.92
|
14.39
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
VST
|
--
|
9.31
|
5.75
|
6.10
|
9.69
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
VST
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
0.01
|
0.00
|
0.00
|
--
|
Current Ratio
2.52
Lower than Peers by 0.51
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
VST
|
2.52
|
2.52
|
2.00
|
1.88
|
1.84
|
|
Peer Median
|
3.03
|
2.78
|
1.77
|
2.36
|
--
|
Quick Ratio
1.46
Lower than Peers by 0.40
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
VST
|
1.46
|
1.28
|
0.97
|
0.86
|
1.07
|
|
Peer Median
|
1.86
|
1.49
|
1.84
|
1.06
|
--
|
Operating Efficiency
Debtors to sales
1.37
Lower than Peers by 5.76
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
VST
|
1.37
|
3.21
|
4.58
|
3.27
|
3.34
|
|
Peer Median
|
7.13
|
6.33
|
4.74
|
3.49
|
--
|
Asset Turnover
1.46
Higher than Peers by 0.58
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
VST
|
1.46
|
1.09
|
1.03
|
1.10
|
1.04
|
|
Peer Median
|
0.88
|
0.83
|
0.73
|
0.70
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
VST
|
--
|
9.91
|
11.14
|
8.90
|
8.35
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
VST
|
--
|
103.44
|
94.77
|
79.88
|
70.38
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
VST
|
--
|
66.80
|
56.21
|
52.01
|
58.84
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
VST
|
--
|
46.56
|
49.69
|
36.77
|
19.88
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
12.22
Lower than Peers by 5.37
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
VST
|
12.22
|
11.62
|
15.34
|
1.66
|
14.85
|
|
Peer Median
|
17.58
|
14.90
|
20.83
|
25.12
|
--
|
Price / Book Value
2.40
Lower than Peers by 1.77
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
VST
|
2.40
|
2.35
|
3.37
|
4.42
|
4.12
|
|
Peer Median
|
4.17
|
4.37
|
7.31
|
5.58
|
--
|
Dividend Yield
6.41
Higher than Peers by 3.47
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
VST
|
6.41
|
6.00
|
3.81
|
4.20
|
4.77
|
|
Peer Median
|
2.94
|
1.47
|
0.55
|
0.68
|
--
|
EV/EBITDA
7.08
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
VST
|
7.08
|
6.85
|
14.15
|
12.66
|
10.53
|
|
Peer Median
|
--
|
9.80
|
17.77
|
18.82
|
--
|
Market Cap
3,181
No difference
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
VST
|
3,181
|
3,397
|
4,456
|
5,515
|
4,855
|
|
Peer Median
|
3,181
|
1,679
|
2,616
|
3,160
|
--
|