| ₹ 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 |
|---|
| 3,373 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 602 | 582 | 339 | 271 | 384 | ||
| 2,771 | — | — | — | — | ||
| 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 | — | — | — | — | 3,372.6 | |
| - Cash, Equiv & ST Investments | 384.5 | 271.4 | 338.8 | 582.2 | 601.6 | |
| Enterprise Value | — | — | — | — | 2,771.0 | |
| 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 30 October 2026 close · figures from the company's filings with NSE
VST Industries (NSE: VSTIND) had a market capitalisation of ₹3,151 crore at the 30 October 2026 close (₹185.50 a share), a PE ratio of 12.1 on the last four quarters' profit and a price-to-book ratio of 2.38. 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 12.1 at the 30 October 2026 close (₹185.50 a share): a market capitalisation of ₹3,151 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 10.8.
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 ₹3,151 crore at the 30 October 2026 close.
VST Industries' price-to-book (PB) ratio is 2.38 at the 30 October 2026 close: a market capitalisation of ₹3,151 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 ₹185.50.
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 30 October 2026 close was ₹185.50.
VST Industries' market capitalisation was ₹3,151 crore at the 30 October 2026 close: 16.99 crore shares at ₹185.50 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 6.47% at the 30 October 2026 close: dividends of ₹12 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹185.50. 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, and NSE prices (the latest used here: the 30 October 2026 close). 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.