VSTTILLERS · V.S.T Tillers Tractors Ltd · Constr. & Agric. Machinery
VSTTILLERS · V.S.T Tillers Tractors Ltd · Constr. & Agric. Machinery
As of 06 Nov close
52-week range
38.2% below 52-week high
52-week range: as of 06 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 53 days old
Revenue (latest Q)
₹313 Cr
Revenue YoY
PAT YoY
+9.5%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
3.2
P/S (TTM)
2.8
Sector P/E
28.6
Dividend yield
+0.6%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| VSTTILLERS (this stock) | 35.8 | 3.2 | +8.6% | +10.0% | 0 | +0.6% |
| Escorts Kubota | 23.4 | 2.6 | +11.3% | +11.2% | 0.01 | +1.1% |
| Action Construction Equipment | 27.8 | 5.8 | +12.7% | +22.9% | 0.33 | +0.2% |
| Esab India | 39.7 | 20.7 | +14.1% | +51.7% | 0.01 | +1.3% |
Promoter
falling 1q
FII
falling 1q
MF
15.28% (-0.01pp)
stable
Insider trades
| Date | Insider | Type | Qty | Value |
|---|---|---|---|---|
| 04 Aug 2026 | S Mahalakshmi | BUY | 2,30,424 | ₹0 |
| 04 Aug 2026 | S Mahalakshmi | BUY | 2,30,424 | ₹0 |
| 25 Jun 2026 | ARUN VELLORE SURENDRA | BUY | 0 | ₹0 |
| 25 Jun 2026 | SITA RAJGOPAL | BUY | 0 | ₹0 |
| 25 Jun 2026 | V.V.VIJAYENDRA | BUY | 10,49,875 | ₹0 |
| 25 Jun 2026 | V.V.PRAVINDRA | BUY | 0 | ₹0 |
| 25 Jun 2026 | V P Tiruvengadaswamy | BUY | 6,54,235 | ₹0 |
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
- unknowneconomictimes.indiatimes.com· 13 Sept 2026, 01:01 pmDividends and stock splits: Hindustan Copper, Cochin Shipyard among 200+ stocks with record dates this week. Check full list
- unknownthehindubusinessline.com· 02 Sept 2026, 09:28 pmVST Tillers Tractors partners Union Bank of India to facilitate finance to farmers
Concalls & investor presentations
AI-generatedKey takeaway: During the earnings call held on August 13, 2026, management discussed the macroeconomic environment, noting challenges such as uneven monsoon patterns and rising commodity costs. They reported an 11% increase in revenue for the quarter, reaching INR 313.4 crores, with a 4.5% growth in domestic tractor sales and an 18% increase in power tiller volumes. The management highlighted a significant growth of 56% in power weeders. They acknowledged the competitive landscape in the tractor market and emphasized plans for product launches and dealership expansions. Management expressed optimism about future growth, particularly in the international markets, while also addressing the impact of upcoming emission norms on their products. They set a goal of achieving INR 3,000 crores in revenue by 2030, supported by strategic capital deployment and product development initiatives.
The management highlighted both growth opportunities and challenges in the current market.
Sourced from an exchange-filed transcript, dated 19 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation from V.S.T. Tillers Tractors Limited, dated August 13, 2026, outlined several key areas of focus, including macroeconomic impacts, sales volume, and financial performance. Management reported challenges such as uneven monsoon conditions affecting rural demand, commodity cost inflation in materials like steel and rubber, and geopolitical disruptions impacting supply chains. In terms of sales volume for Q1 FY27, the company noted a 17.9% increase in power tiller sales and a 4.5% increase in domestic tractor sales, while exports saw an 11.9% decline. Financially, the presentation highlighted an 11% revenue growth year-over-year, with operating EBITDA margins reported at 12.85%. The document concluded with contact information for key company representatives.
The presentation provided a balanced overview of challenges and performance metrics.
Sourced from an exchange-filed presentation, dated 13 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation from V.S.T. Tillers Tractors Ltd. (VSTTILLERS) detailed the company's operational revenue of Rs 1240 Crores for FY'26, reflecting a compound annual growth rate (CAGR) of approximately 14.72% from FY20 to FY26. The presentation highlighted the company's diverse product range, including tractors and power tillers, and its extensive dealer and retailer network across India and international markets. Management reported a focus on maintaining profit margins despite challenges such as COVID-19 and inflation, with operational EBITDA and PAT figures showing resilience. Key strategic directions included evolving product offerings and enhancing technology participation. The document also noted the impact of fair value losses on PAT for FY'26. Overall, the presentation provided a comprehensive overview of VSTTILLERS' financial performance and strategic initiatives.
The presentation provided a balanced overview of financial performance and strategic directions without strong emphasis on growth or challenges.
Sourced from an exchange-filed presentation, dated 28 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Management reported that the tractor demand environment remains uncertain due to inflationary pressures and concerns about an El Niño-affected monsoon, which may lead to below-average rainfall. They noted that April's performance was better than the previous year, and May also appeared satisfactory, with June being critical as the monsoon begins. Management highlighted a focus on growing the small farm machinery business and plans for multiple product launches in the compact tractor segment. They mentioned challenges in Europe due to inflation and the ongoing war, but they maintained business levels and are establishing operations in the Netherlands to improve delivery timelines. The global tech center is progressing, with a focus on small farm machinery and several new product launches planned. Management emphasized the potential for growth in the power tiller and weeder segments, while also addressing the impact of inflation on demand and pricing strategies.
Management highlighted both growth opportunities and significant challenges in the current environment.
Sourced from an exchange-filed transcript, dated 25 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: During the earnings call held on May 15, 2026, management reported a strong revenue growth of 25% for the fiscal year, reaching INR 1,240 crores, driven primarily by a 35% increase in power tiller sales. The company also noted an 18% growth in domestic tractor sales. For Q4, revenue grew by 9% to INR 328 crores. Operational EBITDA improved to 14.2%, up from 13.4% year-over-year. Management highlighted new product launches, including the FENTM series of tractors and electric weeders, and participation in various exhibitions. The CEO mentioned ongoing challenges such as inflation and uncertain monsoon conditions but expressed confidence in maintaining growth strategies, particularly in the small and marginal farmer segment. The management refrained from providing specific growth guidance for FY27 due to market uncertainties but indicated a desire to achieve a growth rate similar to FY26.
Management highlighted strong growth while acknowledging challenges and uncertainties in the market.
Sourced from an exchange-filed transcript, dated 21 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation from V.S.T. Tillers Tractors Limited reported a record turnover of Rs 1,240 crore for FY26, up from Rs 994 crore in FY25, marking a 25% year-over-year revenue growth. The company achieved its highest power tiller sales at 50,332 units, reflecting a 35% increase from the previous year. Additionally, power weeder sales grew by 52%, with 11,346 units sold compared to 7,458 units in FY25. The presentation highlighted an 18% growth in domestic tractor volume, with 4,596 tractors sold. For Q4 FY26, the turnover reached Rs 328 crore, a 9% increase from Rs 301 crore in Q4 FY25. The company also introduced new products and participated in various exhibitions, showcasing its commitment to innovation and market presence.
The presentation emphasized strong financial performance and growth in sales volumes.
Sourced from an exchange-filed presentation, dated 15 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation from V.S.T. Tillers Tractors Limited (VSTTILLERS) detailed the company's financial performance and strategic directions. As of FY'25, the overall revenue was reported at Rs 994 Crores, with 9MFY'26 revenue at Rs 912 Crores. The presentation highlighted the company's diverse product range, including tractors and power tillers, and its extensive dealer network. Management reported a focus on growth projects, including the expansion of power weeder manufacturing and international market entry with small farm machines. The operational EBITDA margin was guided to be between 11% to 13%, despite ongoing investments for growth. Key priorities included leadership in the compact tractor segment and maximizing capacity utilization. The document also noted the impact of macroeconomic factors on performance and outlined various strategic initiatives aimed at enhancing operational efficiency and market presence.
The presentation provided a balanced overview of financial performance and strategic initiatives without strong emphasis on positive or negative aspects.
Sourced from an exchange-filed presentation, dated 21 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: During the earnings call held on February 9, 2026, management of V.S.T. Tillers Tractors Limited reported a record turnover of INR 912 crores for the first nine months of FY '26, a 32% increase from the previous year. Power tiller sales grew by 55%, while power weeder sales increased by 63%. The domestic tractor business also saw an 18% growth. For Q3, revenue reached INR 314 crores, up 44% year-over-year. Management highlighted improved cash generation of INR 108 crores and a PAT of INR 30.7 crores, compared to INR 1.7 crores in the previous year. They discussed plans for new product launches, including the FENTM series and revamped ZETOR tractors, and noted ongoing efforts to establish a presence in the marine engine market. Management expressed confidence in the growth potential of small farm machinery, driven by government support and increasing mechanization needs among small farmers.
Management emphasized strong growth and positive performance metrics.
Sourced from an exchange-filed transcript, dated 13 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation from V.S.T. Tillers Tractors Limited reported significant financial achievements for the nine months ending FY26, with a turnover of Rs 912 crore, up from Rs 693 crore in the same period last year, marking a 32% year-on-year revenue growth. The presentation highlighted record sales volumes, including a 55% increase in power tiller sales and a 63% rise in power weeder sales. The company also noted improved cash generation, with Rs 108 crore generated from operations compared to a negative Rs 35 crore in the previous year. Additionally, the presentation mentioned awards received by the CEO and products, including recognition at the CII Design Excellence Awards. The document concluded with contact information for company representatives.
Management emphasized strong financial performance and growth in sales volumes.
Sourced from an exchange-filed presentation, dated 09 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedThe annual report of V.S.T. Tillers Tractors Limited for FY2025-26 highlights the company's strategic focus on innovation, global expansion, and operational excellence. The report notes the passing of Mr. V. K. Surendra, former Chairman, and his legacy of leadership and commitment to the company's growth. The company is evolving its power tiller business into a broader small farm machinery (SFM) portfolio to address the needs of small and marginal farmers. It emphasizes continued investment in R&D, expansion of manufacturing capabilities, and strengthening its leadership in the compact tractor segment. The report also outlines the company's commitment to corporate governance, sustainability, and stakeholder engagement.
- Evolution of power tiller business into a broader small farm machinery (SFM) portfolio to address the needs of small and marginal farmers.
- Continued investment in R&D and expansion of manufacturing capabilities to enhance innovation and product development.
- Strengthening leadership in the compact tractor segment with a focus on application-specific and differentiated new tractor models.
- Strategic market expansion and operational excellence to sustain profitable growth.
- Commitment to corporate governance, sustainability, and stakeholder engagement.
Key takeaway: Management expects the company to evolve its power tiller business into a broader small farm machinery portfolio to address the needs of small and marginal farmers, emphasizing innovation, R&D investment, and strategic market expansion.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
No item of a kind that needs attention was stored for this company.
Internal Control Weakness
1 occurrenceEarlier (1-3 years ago)
The company has identified a material weakness in its internal controls.
Contingent Liability
3 occurrencesRecent (last 12 months)
The company has contingent liabilities including cases filed by customers in consumer courts not acknowledged as debts, appeals in income tax and customs matters, bank guarantees to government agencies, indirect tax matters, and other claims not acknowledged as debts. Additionally, the company received a GST Assessment Order and Demand for 109.92 crores.
Earlier (1-3 years ago)
The company has a contingent liability of 109.92 crores (including 24.78 crores interest and 42.57 crores penalty) related to GST assessment for FY 2017-18 to FY 2019-20 due to mismatches in tax filings and submissions.
As of March 31, 2024, the company has a contingent liability of ₹109.92 Crores (including ₹24.78 Crores interest and ₹42.57 Crores penalty) related to GST Assessment Order for FY 2017-18, FY 2018-19, and FY 2019-20 due to mismatches in sales, input tax credit, e-way bills, and non-submission of expense details.
Statutory dues in dispute
3 occurrencesRecent (last 12 months)
The company has disputes pending with income tax authorities for various periods from 2010-11 to 2019-20, involving disallowance of expenditures and other tax-related issues, with amounts involved in lakhs.
Earlier (1-3 years ago)
The company has disputes with tax authorities regarding disallowance of expenses and customs duty concessions, with amounts involved in lakhs, pending before various tribunals and appeals commissions for periods from 2010-11 to 2019-20.
The company has disputes pending with the Income Tax Act, 1961 regarding disallowance of expenditure, with an amount involved of ` in lakhs.
Management & Board Governance
1 occurrenceEarlier (1-3 years ago)
Mr. V K Surendra resigned as Chairman with effect from February 01, 2024. Mr. Arun V Surendra was appointed as Chairman with effect from February 01, 2024.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
3.18% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).