VST Industries Limited - fmcg in Hyderabad, Telangana, India. FY 2026 financials & compliance.
CIN L29150TG1930PLC000576 Incorporated 10 November 1930 ROC Hyderabad HQ Hyderabad, Telangana, India
Active Listed - NSE: VSTIND · BSE: 509966 Public Limited Company FMCG
Data last updated
Market Cap
₹3,269 Cr
VSTIND · NSE
Share Price
₹189.41
-1.58% today
Revenue
₹1,465 Cr
FY 2025-26 · +4.8% YoY
EBITDA
₹450 Cr
Margin 30.7%
Net Profit
₹291 Cr
FY 2025-26 · +75.3% YoY
P/E (TTM)
27.2x
P/B 6.8x
ROE
21.1%
ROCE 27.7%
Authorised capital
₹170 Cr
Registered with MCA

About VST Industries Limited

Data last updated:

VST Industries Limited is a public limited company based in Hyderabad, Telangana, India. It operates in the tobacco products and alternatives segment of the FMCG sector. It was incorporated on 10 November 1930 and has been in existence for over 96 years.

The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN L29150TG1930PLC000576. Its GSTIN is 36AAACV6799C1Z0 (Telangana). The company holds 28 GST registrations, of which 20 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 509966 and NSE: VSTIND.

The company has an authorised share capital of ₹170 Cr and a paid-up capital of ₹169.86 Cr. It was formerly known as The Vazir Sultan Tobacco Co. Ltd. It is led by directors including Sampathkumaran Thirumalai and Rama Bijapurkar.

Its last annual general meeting (AGM) was held on 23 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Azambad Hyderabad, Telangana, India – 500020.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹1,464.54 Cr, a growth of 4.8% compared to the previous year. For the same year it recorded a net profit of ₹291.29 Cr (net margin 19.9%) and EBITDA of ₹449.89 Cr (EBITDA margin 30.7%). The net worth stands at ₹1,445.68 Cr (up 9.3% YoY). Total assets are valued at ₹1,470.86 Cr (up 9.3% YoY).

The company has about 776 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Vazir Sultan Tobacco Industries. As per MCA filings, the company has open charges of ₹248.7 Cr on record. Court records list 330 cases involving the company, including 212 filed by the company and 118 filed against it; 46 cases are pending. The company has 29 deals on record (28 market trades, 1 acquisition); the latest was in April 2026. Its 6 peer companies in the FMCG industry (Tobacco Products), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 4 larger and 2 smaller; the largest is Itc Limited with revenue of ₹84,142 Cr.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vsthyd.com.

Company details

CIN L29150TG1930PLC000576
Registration Number 000576
Incorporation Date 10 November 1930
ROC Hyderabad
Listing Status Listed - Listed on NSE (VSTIND); Listed on BSE (509966)
Company Status Active
Date of Last AGM 23 July 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

VST Industries has one previous CIN (Corporate Identification Number): L29150AP1930PLC000576. The current CIN is L29150TG1930PLC000576, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L29150TG1930PLC000576Current
L29150AP1930PLC000576Previous

Contact details

VST Industries Limited's registered office is in Hyderabad, Telangana. Its website is vsthyd.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
  • Social Media
  • Registered Address
    Azambad Hyderabad, Telangana, India – 500020
  • Industry
    FMCG, Tobacco Products & Alternatives

To see the full contact details of VST Industries Limited, buy the company report.

Comprehensive company report
VST Industries Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

VST Industries operates one associated brand: Vazir Sultan Tobacco Industries. Each brand links to its own profile.

BrandDescriptionWebsite
Manufacture & supplier of cigarettes and unmanufactured tobaccovsthyd.com

Business activity

The main business activity of VST Industries is manufacturing. In detail, this covers food, beverages and tobacco products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC1Food, beverages and tobacco products

To see the full business activity and turnover split of VST Industries Limited, buy the company report.

Financials of VST Industries Limited

FY 2025-26 filings available

VST Industries Limited reported revenue of ₹1,464.54 Cr (up 4.8% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹1,465 Cr
+4.8% YoY
EBITDA
₹450 Cr
+61.4% YoY
Profit After Tax
₹291 Cr
+75.3% YoY
Net Worth
₹1,446 Cr
+9.3% YoY
Total Assets
₹1,471 Cr
+9.3% YoY
Total Debt
Nil

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,4651,3981,4201,2921,1781,1111,239
Revenue growth+4.8%-1.6%+9.9%+9.7%+6.1%-10.4%-
EBITDA450279353383412411415
EBITDA margin+30.7%+20.0%+24.9%+29.6%+34.9%+37.0%+33.5%
Profit before tax390370395429428417420
Net profit291166300327320311304
Net profit margin+19.9%+11.9%+21.1%+25.3%+27.1%+28.0%+24.5%
EPS (₹)17.2117.10195.29211.75207.38201.27196.93
Balance sheet
Total assets1,4711,3461,2741,2011,097963807
Net worth1,4461,3231,2521,1801,074940787
Total debt0.000.000.000.000.000.000.00
Cash & bank34.6417.5535.1619.7415.4120.8337.45
Net working capital6204864953.90(119)(157)(178)
Cash flow
Cash from operations218193167181277286331
Cash from investing(31.37)9.7979.3246.72(95.75)(144)(155)
Cash from financing(170)(221)(231)(224)(187)(159)(177)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue256457373336298349367360
Revenue growth (YoY)-13.9%+30.9%+1.7%-6.6%-7.3%---
Other income19.789.499.0611.9510.819.831088.01
Total expenses207249288258221280299292
EBITDA49.6720885.9278.6276.9369.5468.3767.61
EBITDA margin+19.4%+45.7%+23.0%+23.4%+26.0%+19.9%+18.7%+18.8%
Depreciation11.1763.3613.8912.1611.7512.3511.1210.94
Interest0.000.000.000.000.000.000.000.00
Profit before tax58.2815581.0978.4175.9967.0216664.68
Tax15.8637.8620.8619.2019.8614.0229.3717.12

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 29 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue256457373336298349367360
Revenue growth (YoY)-13.9%+30.9%+1.7%-6.6%-7.3%---
Other income19.789.499.0611.9510.819.831088.01
Total expenses207249288258221280299292
EBITDA49.6720885.9278.6276.9369.5468.3767.61
EBITDA margin+19.4%+45.7%+23.0%+23.4%+26.0%+19.9%+18.7%+18.8%
Depreciation11.1763.3613.8912.1611.7512.3511.1210.94
Interest0.000.000.000.000.000.000.000.00
Profit before tax58.2815581.0978.4175.9967.0216664.68
Tax15.8637.8620.8619.2019.8614.0229.3717.12
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,4651,3981,4201,2921,1781,1111,239
Revenue growth+4.8%-1.6%+9.9%+9.7%+6.1%-10.4%-
Other income41.3013579.6076.4046.6741.7947.36
Total expenses1,0151,1191,067910767700825
Employee cost139138130120116115102
EBITDA450279353383412411415
EBITDA margin+30.7%+20.0%+24.9%+29.6%+34.9%+37.0%+33.5%
Depreciation10144.4938.1130.2030.1035.0741.76
Interest0.000.000.000.000.000.000.00
Profit before tax390370395429428417420
Tax97.7879.2193.13102108107116
Net profit291166300327320311304
Net profit margin+19.9%+11.9%+21.1%+25.3%+27.1%+28.0%+24.5%
EPS (₹)17.2117.10195.29211.75207.38201.27196.93
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital17017015.4415.4415.4415.4415.44
Reserves & surplus1,2851,1621,2371,1641,059925772
Shareholders' funds (net worth)1,4461,3231,2521,1801,074940787
Secured loans0.000.000.000.000.000.000.00
Unsecured loans0.000.000.000.000.000.000.00
Total debt0.000.000.000.000.000.000.00
Total liabilities1,4711,3461,2741,2011,097963807
Assets
Gross block650625545842416364344
Net block244307268590195173187
Capital work in progress0.171.3246.960.2510.4433.2512.65
Investments559532447577971887753
Inventories675485455349296297298
Sundry debtors47.0264.0646.4043.1833.3015.2115.37
Cash & bank balances34.6417.5535.1619.7415.4120.8337.45
Loans & advances40939040544.0830.0833.0862.00
Total current assets1,165956941456374366413
Total current liabilities545470446452493523590
Net working capital6204864953.90(119)(157)(178)
Total assets1,4711,3461,2741,2011,097963807
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash6.3424.398.824.199.3726.2226.39
Net cash from operating activities218193167181277286331
Net cash from investing activities(31.37)9.7979.3246.72(95.75)(144)(155)
Net cash from financing activities(170)(221)(231)(224)(187)(159)(177)
Net change in cash17.36(18.05)15.574.63(5.18)(16.85)(0.17)
Closing cash34.6417.5535.1619.7415.4120.8337.45
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+4.8%-1.6%+9.9%+9.7%+6.1%-10.4%-
EBITDA growth+61.4%-21.1%-7.7%-7.0%+0.3%-1.0%-
PBT growth+5.5%-6.4%-8.0%+0.2%+2.6%-0.7%+19.8%
Net income growth+75.3%-44.5%-8.4%+2.3%+2.9%+2.3%-
Revenue CAGR (3Y)+4.3%+5.9%+8.5%+1.4%+2.4%+5.5%+10.4%
EBITDA CAGR (3Y)+5.5%-12.2%-4.9%-2.6%+5.2%+11.8%+18.7%
Profitability & leverage
Net income margin+20.0%+20.8%+21.2%+25.3%+27.2%+28.0%+24.5%
Return on capital employed+27.7%+20.5%+31.9%+37.3%+41.6%+47.2%+56.4%
Return on net worth+21.1%+12.9%+24.8%+29.0%+31.8%+36.0%+41.9%
Debt / equity0.000.000.000.000.000.000.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover0.000.000.000.000.000.000.00
Efficiency & per share
Fixed asset turnover3.213.092.652.664.004.164.07
Inventory turnover3.533.854.575.195.274.954.73
Debtors turnover36.8332.7641.0243.7464.3496.3392.32
EPS (₹)17.2117.10195.29211.75207.38201.27196.93
Dividend per share (₹)12.0010.00150.00150.00140.00114.00103.00
Book value per share (₹)85.6578.41811.05763.96695.70609.02509.71

To see the full year-wise statements and ratios of VST Industries Limited, buy the company report.

Board of directors of VST Industries Limited

VST Industries has 8 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sampathkumaran ThirumalaiDirector20 Oct 200521 Years 0 MonthsCurrent
Rama BijapurkarDirector12 Mar 20197 Years 7 MonthsCurrent
Sudip BandyopadhyayDirector03 May 20197 Years 5 MonthsCurrent
Sethi Kumar NareshNominee Director14 Dec 20187 Years 10 MonthsCurrent
Alok AgarwalDirector25 Apr 20251 Years 6 MonthsCurrent
Nellaiappan ThiruambalamDirector25 Apr 20251 Years 6 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Peer comparison

VST Industries Limited is compared with the 6 companies closest to it by revenue in the FMCG industry (Tobacco Products), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Itc Limited₹84,142 Cr (FY 2025)10.0%Kolkata, West Bengal, India
Godfrey Phillips India Limited₹7,197.08 Cr (FY 2025)36.0%Mumbai, Maharashtra, India
Dharampal Satyapal Limited₹5,913.95 Cr (FY 2025)-1.0%New Delhi, Delhi, India
Dharam Pal Prem Chand Ltd₹2,785.05 Cr (FY 2025)29.0%Delhi, India
Desai Brothers Ltd₹1,799.19 Cr (FY 2025)1.0%Pune, Maharashtra, India
Pataka Industries Private Limited₹1,689.05 Cr (FY 2025)9.0%Kolkata, West Bengal, India
VST Industries Limitedthis company₹1,464.54 Cr (FY 2026)₹291.29 Cr19.9%4.8%776Hyderabad, Telangana, India

To see the full peer comparison of VST Industries Limited, buy the company report.

Auditor

VST Industries Limited is audited by BSR &ASSOCIATES LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
BSR &ASSOCIATES LLPFY 2023116231W/ W-100024

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 32.20%, foreign institutional investors hold 1.80%, domestic institutional investors hold 6.00% and retail and other public shareholders hold 60.00%.

Promoters: 32.20%DII (Domestic Institutional): 6.00%FII (Foreign Institutional): 1.80%Retail & Others: 60.00%
Sep 2026
QUARTER
32.20% Promoters
6.00% DII (Domestic Institutional)
1.80% FII (Foreign Institutional)
60.00% Retail & Others
Promoter holding - history
Now 32.20% · Sep 2026High 32.20% · Dec 2025Low 32.20% · Dec 2025
31%31.8%32.5%33.3%34%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 32.20%Mar 2026: 32.20%Jun 2026: 32.20%Sep 2026: 32.20%32.20%32.20%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters32.20%32.20%32.20%32.20%
Public67.80%67.80%67.80%67.80%

Charges & borrowings

Open charges
₹248.7 Cr
Satisfied charges
None
Breakdown by lending institutions
State Bank of Hyderabad₹137.80 Cr
The Industrial Credit & Investment Corp. of India Ltd.₹36.00 Cr
State Bank of India₹27.90 Cr
Icici Limited₹15.00 Cr
State Bank of Hyderabad Industrial Branch₹12.50 Cr
Others₹19.50 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
22 Jun 200190140529Icici Limited₹15 CrOpen
15 Feb 199890258384State Bank of Hyderabad₹40 CrOpen
02 Jan 199890258376The Industrial Credit & Investment Corp. of India Ltd.₹18 CrOpen
16 Feb 199690258166State Bank of Hyderabad₹40 CrOpen
16 Feb 199590258056State Bank of Hyderabad₹40 CrOpen

To see the full charge records of VST Industries Limited, buy the company report.

Total charge records: 16 View all charges

Deals & funding

VST Industries Limited has 29 deals on record (28 market trades, 1 acquisition); the latest was in April 2026.

Total deals
29
Market trades
28
Acquisition
1

Deals on record (5 of 29)

WhenDealAmountParties
Apr 2026Market trade₹24.55 CrBuyer: NK Securities Research Private Limited
Seller: NK Securities Research Private Limited
Sep 2024Market trade₹10.35 CrBuyer: Graviton Research Capital LLP , Hrti Private Limited
Seller: Hrti Private Limited , Graviton Research Capital LLP
Sep 2024Market trade₹32.68 CrBuyer: Graviton Research Capital LLP , Hrti Private Limited , Qe Securities LLP
Seller: Graviton Research Capital LLP , Hrti Private Limited , Qe Securities LLP , an individual
Sep 2024Market trade₹50.32 CrBuyer: Yuga Stocks & Commodities Private Limited , Hrti Private Limited , Maithan Alloys Ltd.
Seller: Sbi Mutual Fund, Yuga Stocks & Commodities Private Limited , Derive Trading and Resorts Private Limited
Jul 2024Market trade₹143.65 CrSeller: Derive Trading and Resorts Private Limited , Limited Damani Estate And Finance Private

To see the full deal history of VST Industries Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

VST Industries Limited was last rated by Crisil on 21 Apr 2020.

Rating agencyRated onRating
Crisil21 Apr 2020

To see the full credit ratings and regulatory alerts of VST Industries Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for VST Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

VST Industries Limited has a workforce of 776 employees on its EPFO records as of Apr 07, 2024, across 2 active EPFO establishments.

Employee count
776
Active EPFO establishments
2
Employee growth
-0.89%

GST

VST Industries has 28 GST registrations: 20 active and 8 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
28
Active
20
Cancelled / inactive
8
GSTINStateStatusRegistered on
36AAACV6799C1Z0TelanganaActive01 Jul 2017
36AAACV6799C2ZZTelanganaActive26 Jul 2017
03AAACV6799C1Z9PunjabActive01 Jul 2017
07AAACV6799C1Z1DelhiActive01 Jul 2017

To see the full GST registrations and return filing status of VST Industries Limited, buy the company report.

Recent activity

VST Industries Limited has 48 board changes on record since 1989: 29 appointments and 19 cessations. The latest: Piyush Srivastava was appointed as Director on 02 Mar 2026.

Filing
Vst Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Hyderabad.
Appointed
Piyush Srivastava was appointed as Director.
AGM
Vst Industries Limited last Annual general meeting of members was held on 23 Jul 2025 as per latest MCA records.
Ceased
Adityadeb Gooptu ceased to be Director.
Appointed
Alok Agarwal was appointed as Director.
Appointed
Nellaiappan Thiruambalam was appointed as Director.
Appointed
Sanjay Wali was appointed as Whole-Time Director.
Ceased
Rajiv Gulati ceased to be Director.
Appointed
Rajeev Bakshi was appointed as Director.
Ceased
Devraj Lahiri ceased to be Managing Director.
Appointed
Adityadeb Gooptu was appointed as Director.
Ceased
Mubeen Hadi Alias Mubeen Rafat ceased to be Director.

64 earlier events are in the company report.

News

VSTIND: Q2 REVENUE 8.44B RUPEES VS 4.5B (YOY)
28 Oct 2026 · Exchange Update
VSTIND: Q2 SL NET PROFIT 410M RUPEES VS 592M (YOY)
28 Oct 2026 · Exchange Update
VSTIND: Q2 EBITDA 432M RUPEES VS 786M (YOY); Q2 EBITDA MARGIN 5.12% VS 17.46% (YOY)
28 Oct 2026 · Exchange Update

Frequently asked questions

VST Industries is an active public limited company based in Hyderabad, Telangana, India. The company works in tobacco products and alternatives, within the FMCG industry. It was incorporated on 10 November 1930 (96+ years old) and is registered under CIN L29150TG1930PLC000576. Listed on BSE: 509966 and NSE: VSTIND.

VST Industries reported revenue of ₹1,464.54 Cr for FY 2025-26 (up 4.8% YoY) based on standalone financials.

VST Industries has 8 current directors:

The latest financial statements of VST Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 23 July 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of VST Industries is 36AAACV6799C1Z0, registered in Telangana. The company has 28 GST registrations in all, of which 20 are active and 8 are cancelled or inactive. Other active GSTINs include 36AAACV6799C2ZZ (Telangana), 03AAACV6799C1Z9 (Punjab), 07AAACV6799C1Z1 (Delhi).

The CIN (Corporate Identification Number) of VST Industries is L29150TG1930PLC000576. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. VST Industries is a listed company as per MCA records. Its shares are listed on both BSE (code: 509966) and NSE (symbol: VSTIND).

VST Industries has 330 court cases on record: 212 filed by the company and 118 filed against it. 46 are pending. Most are in the high courts.

VST Industries was incorporated on 10 November 1930, making it 96+ years old. It is registered with the Registrar of Companies, Hyderabad.

VST Industries has 29 deals on record (28 market trades, 1 acquisition); the latest was in April 2026.

The peers of VST Industries by revenue are Itc Limited, Godfrey Phillips India Limited, Dharampal Satyapal Limited, Dharam Pal Prem Chand Ltd, Desai Brothers Ltd and 1 more, all in the FMCG industry (Tobacco Products), with the same principal business activity (food, beverages and tobacco products).