VST Industries Limited (VSTIND) AI Stock Analysis

VST Industries Limited

(NSE:VSTIND)

Select Model

Rating:69Neutral

Price Target:INR 203.00▲(8.72% Upside)

Action:downgraded

Date:08/06/26

VST Industries' overall score of 69 is driven primarily by its strong financial fundamentals, including a debt-free balance sheet and consistent profitability. However, the stock's weak technical momentum and current downtrend weigh on the score. Valuation is reasonable but not enough to offset near-term price pressure. Investors should monitor for signs of a technical reversal.

Positive Factors

Debt-free balance sheetZero debt materially reduces financial risk and interest burden, preserving flexibility to fund operations, dividends, or strategic investment internally. Rising equity and assets further support resilience, giving the company capacity to manage industry volatility without relying heavily on external financing.

Negative Factors

Uneven revenue trajectoryRevenue growth has not been consistently linear, with declines in multiple reported years. This uneven trajectory makes future earnings progression less predictable and suggests that the established business may face periods of weaker demand or execution, limiting confidence in steady compounding.

VST Industries Limited (VSTIND) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 32.32B
Dividend Yield: 6.41%
Average Volume (3M): 15.92K
Price to Earnings (P/E): 12.3
Beta (1Y): 1.01
Revenue Growth: 3.55%
EPS Growth: -4.92%
Country: India
Employees: 712
Sector: General
Sector Strength: 55
Industry: Tobacco

VST Industries Limited Business Overview & Revenue Model

Company Description

VST Industries Limited engages in the manufacturing, trading, and marketing of cigarettes, tobacco, and tobacco products in India and internationally. It sells unmanufactured tobacco. The company was formerly known as Vazir Sultan Tobacco Company Lim...

VST Industries Limited Financial Statement Overview

Summary

VST Industries demonstrates strong financial health with a debt-free balance sheet, consistent profitability, and healthy cash flows. The average of Income Statement (72), Balance Sheet (92), and Cash Flow (78) scores yields 81, reflecting robust fundamentals despite some margin pressure.

Income Statement

72Positive

Balance Sheet

92Very Positive

Cash Flow

78Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	14.23B	14.65B	13.98B	14.20B	12.90B	11.77B
Gross Profit	5.18B	5.39B	6.01B	4.73B	6.69B	6.63B
EBITDA	4.44B	4.50B	2.79B	3.87B	4.59B	4.12B
Net Income	2.79B	2.92B	2.90B	3.02B	3.27B	3.20B
Balance Sheet
Total Assets	0	20.16B	18.16B	17.20B	16.54B	15.91B
Cash, Cash Equivalents and Short-Term Investments	5.82B	5.93B	3.50B	2.71B	3.84B	7.72B
Total Debt	0	0	0	0	0	0
Total Liabilities	-14.46B	5.70B	4.93B	4.68B	4.74B	5.16B
Stockholders Equity	14.46B	14.46B	13.23B	12.52B	11.80B	10.74B
Cash Flow
Free Cash Flow	519.00M	1.88B	1.52B	726.78M	-2.22B	2.28B
Operating Cash Flow	694.70M	2.30B	1.93B	1.67B	1.81B	2.77B
Investing Cash Flow	990.00M	-435.10M	97.90M	793.21M	467.10M	-957.50M
Financing Cash Flow	-1.70B	-1.70B	-2.21B	-2.31B	-2.24B	-1.87B

VST Industries Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price186.72

Price Trends

50DMA203.42Negative

100DMA219.56Negative

200DMA224.28Negative

Market Momentum

MACD-4.49Positive

RSI20.38Positive

STOCH8.09Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VSTIND, the sentiment is Negative. The current price of 186.72 is below the 20-day moving average (MA) of 197.84, below the 50-day MA of 203.42, and below the 200-day MA of 224.28, indicating a bearish trend. The MACD of -4.49 indicates Positive momentum. The RSI at 20.38 is Positive, neither overbought nor oversold. The STOCH value of 8.09 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:VSTIND.

VST Industries Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:VSTIND against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:VSTIND	69Neutral	INR 31.53B	12.26	―	6.41%	3.55%	-4.92%
IN:ITC	67Neutral	INR 3.33T	16.82	―	5.45%	-1.65%	-46.15%
IN:GODFRYPHLP	66Neutral	INR 263.30B	19.38	―	2.93%	1.25%	14.03%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

IN:VSTIND and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:VSTIND	VST Industries Limited	187.25	-60.49	-24.42%
IN:GODFRYPHLP	Godfrey Phillips India Ltd.	1702.20	-1258.81	-42.51%
IN:GOLDENTOBC	Golden Tobacco Limited	21.22	-12.53	-37.13%
IN:ITC	ITC Limited	266.00	-123.61	-31.73%

VST Industries Limited Corporate Events

VST Industries Closes Trading Window Ahead of September Quarter Results

Sep 25, 2026

VST Industries Limited, a Hyderabad-based tobacco manufacturer listed on BSE and NSE, operates under SEBI’s corporate governance and insider trading framework for Indian listed companies.The company has announced closure of its trading window f...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 06, 2026

VST Industries Limited AI Stock Analysis