| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 844 | 450 | +87.4% |
| EBITDA | 43.2 | 78.6 | −45.0% |
| EBITDA margin | 5.1% | 17.5% | −12.3 pts |
| Profit before tax | 53.3 | 78.4 | −32.0% |
| Net profit | 41.0 | 59.2 | −30.7% |
| EPS | ₹2.41 | ₹3.49 | −30.9% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 3,217 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 602 | 582 | 339 | 271 | 384 | ||
| 2,616 | — | — | — | — | ||
| 2,887 | 2,046 | 1,809 | 1,838 | 1,673 | ||
| — | +13.1% | −1.5% | +9.9% | — | ||
| 387 | 450 | 279 | 353 | 383 | ||
| 13.4% | 22.0% | 15.4% | 19.2% | 22.9% | ||
| 288 | 349 | 234 | 315 | 352 | ||
| 260 | 292 | 290 | 302 | 327 | ||
| 9.0% | 14.3% | 16.1% | 16.4% | 19.6% | ||
| ₹15.33 | ₹17.21 | ₹17.10 | ₹17.75 | ₹19.25 | ||
| — | +0.6% | −3.7% | −7.8% | — | ||
| — | 218 | 193 | 167 | 181 | ||
| — | −42.4 | −41.0 | −94.3 | −404 | ||
| 176 | 176 | 152 | 72.7 | −222 | ||
From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 3,217.3 | |
| - Cash, Equiv & ST Investments | 384.5 | 271.4 | 338.8 | 582.2 | 601.6 | |
| Enterprise Value | — | — | — | — | 2,615.8 | |
| Revenue | 1,672.5 | 1,837.5 | 1,809.4 | 2,045.7 | 2,887.0 | |
| Growth %, YoY | — | +9.9 | -1.5 | +13.1 | — | |
| EBITDA | 382.7 | 353.2 | 278.8 | 449.9 | 387.3 | |
| Margin % | 22.88 | 19.22 | 15.41 | 21.99 | 13.41 | |
| EBIT | 352.5 | 315.1 | 234.3 | 348.7 | 288.0 | |
| Net Income | 327.0 | 301.6 | 290.4 | 292.3 | 260.4 | |
| Margin % | 19.55 | 16.41 | 16.05 | 14.29 | 9.02 | |
| EPS, Adj (current shares) | 19.25 | 17.75 | 17.10 | 17.21 | 15.33 | |
| Growth %, YoY | — | -7.8 | -3.7 | +0.6 | — | |
| Cash from Operations | 181.5 | 167.0 | 193.5 | 218.3 | — | |
| Capital Expenditures | -403.9 | -94.3 | -41.0 | -42.4 | — | |
| Free Cash Flow | -222.4 | 72.7 | 152.4 | 175.9 | 175.9 | |
Prices at the previous close · figures from the company's filings with NSE
VST Industries (NSE: VSTIND) had a market capitalisation of ₹3,217 crore at the previous close (₹189.41 a share), a PE ratio of 12.4 on the last four quarters' profit and a price-to-book ratio of 2.43. In FY26 its consolidated net profit was ₹292 crore on revenue of ₹2,046 crore; in Q2 FY27 (July–September 2026) it was ₹41 crore, down 30.7% year on year. It had no borrowings on 30 September 2026. Promoters held 32.16% of the shares on 30 September 2026.
VST Industries' PE ratio is 12.4 at the previous close (₹189.41 a share): a market capitalisation of ₹3,217 crore divided by consolidated net profit of ₹260 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹292 crore) it is 11.0.
VST Industries' debt-to-equity ratio was 0.00 on 30 September 2026: no borrowings against total equity of ₹1,326 crore. A year earlier, on 30 September 2025, it was 0.00.
VST Industries' net worth — shareholders' equity in its consolidated balance sheet — was ₹1,326 crore on 30 September 2026, up 4.6% from ₹1,268 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹3,217 crore at the previous close.
VST Industries' price-to-book (PB) ratio is 2.43 at the previous close: a market capitalisation of ₹3,217 crore divided by shareholders' equity (book value) of ₹1,326 crore on 30 September 2026. That is a book value of ₹78.07 per share against a share price of ₹189.41.
In FY26, VST Industries' return on equity (ROE) was 21.1% and its return on capital employed (ROCE) was 24.8%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 22.6% and ROCE 17.9%.
VST Industries' book value per share was ₹78.07 on 30 September 2026: shareholders' equity of ₹1,326 crore divided by the 16.99 crore shares in issue, up 4.6% from ₹74.67 a year earlier. The share price at the previous close was ₹189.41.
VST Industries' market capitalisation was ₹3,217 crore at the previous close: 16.99 crore shares at ₹189.41 each.
Yes. VST Industries had no borrowings on 30 September 2026 (consolidated balance sheet), and it held ₹615 crore of cash, bank balances and current investments.
VST Industries' basic earnings per share (EPS) were ₹17.21 in FY26, against ₹17.10 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹15.33.
VST Industries' dividend yield is 6.34% at the previous close: dividends of ₹12 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹189.41. They were ₹12 on 10 July 2026.
In 2026, VST Industries has declared one dividend: ₹12 with record date 10 July 2026.
Promoters held 32.16% of VST Industries on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, VST Industries' shares were held by promoters 32.16%, foreign portfolio investors (FII/FPI) 1.25%, domestic institutions (DII) 5.91% (including mutual funds at 4.31%) and retail and other non-institutional investors 60.49%. Over the year, FII holding was down 0.13 percentage points from 1.38% and DII holding was down 0.33 percentage points from 6.24%.
VST Industries' latest results are for Q2 FY27 (July–September 2026), filed on 28 October 2026: consolidated net profit ₹41 crore, down 30.7% from ₹59.2 crore in Q2 FY26; revenue from operations ₹844 crore, up 87.4% year on year.
In FY26 (April 2025–March 2026), VST Industries' consolidated net profit was ₹292 crore, up 0.6% from ₹290 crore in FY25, on revenue from operations of ₹2,046 crore (up 13.1%). Over three years, from FY23, net profit was down 10.6%.
In FY26, VST Industries generated ₹218 crore of cash from operations and spent ₹42.4 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹176 crore. In FY25 it was ₹152 crore.
VST Industries has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
From VST Industries' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.