Companies›Industrials›Capital Goods›Agricultural Commercial & Construction Vehicles
NSE:VSTTILLERS

VST TILLERS TRACTORS LTD

Capital Goods › Agricultural Commercial & Construction Vehicles
₹3,882.40
at close · 28 Oct 2026
▲ 42.40 (+1.10%)
ThemesElectric Vehicles· growingArtificial Intelligence· mention

Latest filings

Next results: Thu, 5 Nov · Financial Results
  1. Analyst call for second-quarter FY27 results on November 5 · Board & Shareholder Meetings
  2. Board to approve Q2 and H1 FY2027 results · Results
  3. Compliance certificate for share dematerialization quarter ended Sept 2026 · Compliance
All filings ↓
Ask Nexa about VST TILLERS TRACTORS LTD

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures compact tractors, power tillers and power weeders for Indian small and marginal farmers, and exports to over 40 countries including Europe under the FieldTrac brand. The product range spans 2-50 HP and is sold through 1,000-plus dealers domestically, with power tillers the dominant category where the company holds a 70-75% market share. Power weeder volumes scaled from roughly 2,000 to 11,500 units over three years as the segment replaces imports. Higher-horsepower tractors are being scaled up via the VST Zetor joint venture in FY27, a US market launch is targeted by end CY2027, and electric tillers and weeders commercialise from Q2 FY27. Around 16-20 new product launches are planned over 18 months, alongside a ₹100 crore global technology centre targeted to be operational by 2027. Raw materials form the largest input cost at 60% of revenue, with employees and other operating costs each near 9%.

Operating scale
Power tiller market share (India)
70-75%
Dealer network
1,000+ dealers
Export presence
40+ countries
Power weeder volume growth
from ~2,000 to ~11,500 units in 3 years
Planned product launches
~16-20 launches over 18 months
Global technology centre investment
₹100 croreOperational by 2027
Who pays it
Indian small and marginal farmers, plus overseas buyers in 40+ countries including Europe (sold under FieldTrac brand).
Biggest cost
Raw materials at 60% of revenue.
Kind of business
Compact tractors and small farm machinery — seasonal demand tied to the monsoon and rural cash flows.
Where it sits
Holds 70-75% of India's power tiller market; power weeder share in single digits with import substitution upside.
Market Cap
₹3,359 Cr
P / E (TTM)
30.8×
EV / EBITDA
18.9×
Div Yield
0.51%
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
12.4%▲
ROCE (FY26)
ROE 9.6% · margin 13.6%
Leverage
0.00·
Debt / Equity · low
Net cash ₹47 Cr
Revenue FY24→FY26
1.3×▲
Margin −4.1 pts
₹968 Cr → ₹1,240 Cr
Cash conversion
0.81×·
Operating cash ÷ profit · 3 yrs
₹257 Cr on ₹319 Cr
Moves on a normal day
1.03%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 11 Agricultural Commercial & Construction Vehicles peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#8/11
P/B#4/11
ROCE#6/11
ROE#7/11
Debt / Equity#1/11
EBITDA margin#2/12
Revenue growth#10/11
Profit growth#5/10

Scorecard

Measured from the filed financials, judged against its Agricultural Commercial & Construction Vehicles peers · as of FY26 — not investment advice

Strengths
No borrowings on the balance sheet
lower than 90% of its 11 Agricultural Commercial & Construction Vehicles peers
Concerns
Nothing flagged in the filed numbers.

Charts

How has the market priced it — with filings on the timeline?

VSTTILLERS · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

Loading peers…

Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

Loading financials…

Ownership

Who owns it — and is the promoter stake clean?

Loading shareholding…

Sign up to see the full company file

Governance, sustainability, compliance, earnings calls, presentations, events, reactions and the full filings feed — free with an account.

Common questions

Answered from VST TILLERS TRACTORS LTD's filed financials and exchange disclosures

What does VST TILLERS TRACTORS LTD do?

VST TILLERS TRACTORS LTD is a Agricultural Commercial & Construction Vehicles company listed on NSE and BSE, trading under the symbol VSTTILLERS.

Is VST TILLERS TRACTORS LTD profitable?

Yes. Over the trailing twelve months VST TILLERS TRACTORS LTD reported a net profit of ₹109 Cr on revenue of ₹1,271 Cr.

Does VST TILLERS TRACTORS LTD pay a dividend?

Yes. The dividend yield is 0.51% at the current price. It paid out 17% of its profit as dividend in FY26.

Is VST TILLERS TRACTORS LTD debt-free?

Yes. It reported no borrowings on its 31 Mar 2026 balance sheet, and ₹47 Cr of cash.

Is VST TILLERS TRACTORS LTD expensive compared with its peers?

On trailing P/E, VST TILLERS TRACTORS LTD ranks 8 of 11 in Agricultural Commercial & Construction Vehicles — cheaper than 30% of them, against an industry median of 27.8×. This is a position, not a valuation judgement.

How much does the VST TILLERS TRACTORS LTD share price move in a day?

On a typical session VST TILLERS TRACTORS LTD moves 1.03% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are VST TILLERS TRACTORS LTD's next results?

Financial Results on Thu, 5 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track VST TILLERS TRACTORS LTD's announcements?

Every NSE and BSE filing by VST TILLERS TRACTORS LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.