VST Industries Limited (VSTIND) Fair Value & Analysis
Consumer Defensive · IN · Market cap ₹44.4B
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 4 days ago
Share price −7.9% over the past month.
A solid business, screening 17% undervalued on our models.
What matters now
- A fairly wide model range (₹154.53 to ₹382.08) leaves room in how you read the outcome.
- Our model range runs from ₹154.53 (bear) to ₹382.08 (bull), base ₹251.84. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 68/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹78.09 – ₹466.01 · fair‑value band ₹154.53 – ₹382.08 · the ₹214.50 price screens below the ₹251.84 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
VST Industries Limited (VSTIND) currently trades at ₹214.50, while our model-based Fair Value estimate is ₹251.84, implying the stock looks roughly 17.4% undervalued today. The Quality Score stands at 68/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, VST Industries Limited generated revenue of ₹14.6B at a net margin of 20.0%. Revenue grew 30.9% year over year. It earns a return on equity of 21.1%. The balance sheet holds a net cash position of ₹346M. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹154.53 (bear case) to ₹382.08 (bull case); at ₹214.50, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 29% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 6% fair-value upside, at 17%, VSTIND screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: Growth Earnings (₹319.24) versus Asset-Based (₹57.13). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 64 · Market factors (momentum, volatility) 40
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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 Limited and changed its name to VST Industries Limited in April 1983.
Full 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 Limited and changed its name to VST Industries Limited in April 1983. VST Industries Limited was incorporated in 1930 and is based in Hyderabad, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
VST Industries Limited reported revenue of ₹14.6B in FY2026 versus ₹11.8B in FY2022, a compound +5.6%/yr. Reported net income was ₹2.9B in FY2026, compounding −2.3%/yr from FY2022.
of which total revenue +5.5 pp · buybacks/dilution +0.0 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
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Peer Group
Tobacco · 36 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Tobacco median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Tobacco stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Philip Morris International Inc PM | $186.19 | $103.71 | -44% |
| British American Tobacco p.l.c. BTI | $55.84 | $61.07 | +9% |
| Altria Group MO | $64.38 | $81.81 | +27% |
| KT&G Corporation 033780 | 177,400 KRW | 110,656 KRW | -38% |
| PT Hanjaya Mandala Sampoerna Tbk, HMSP | 730.00 IDR | 1,041 IDR | +43% |
| Smoore International Holdings 6969 | HK$8.76 | HK$4.19 | -52% |
| Godfrey Phillips India Limited GODFRYPHLP | ₹2,160 | ₹1,194 | -45% |
| PT Gudang Garam Tbk, GGRM | 19,575 IDR | 16,988 IDR | -13% |
| TABAK TABAK | 18,700 CZK | 23,215 CZK | +24% |
| China Tobacco International (HK) Company 6055 | HK$22.82 | HK$24.09 | +6% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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