VST Tillers Tractors Ltd (Auto - Tractors) — fundamental analysis, earnings data, and key metrics. PE: 34.2. ROE: 9.4%. This stock is not currently in the Nifty 500 momentum outperformers list.
Based on Q3 FY26 earnings • Updated Feb 22, 2026
What: Record power tiller sales growth driving revenue and margin expansion
Impact: +₹300 Cr revenue
“Power tiller sales grew 85.2% YoY to 12,545 units in Q3, with strong demand for FENTM series”
What: Retail counters scaling from 1,000 to 6,000 to capture untapped rural markets
Impact: +₹300 Cr revenue
“Expanding retail counters to 6,000 will significantly improve market penetration”
What: Establishing European base to capture 5-7% market share in small tractor segment
Impact: +₹150 Cr revenue
“European base in Netherlands will help capture 5-7% market share within 2 years”
Earnings deceleration risks from management commentary
Trigger: If export sales decline continues
Impact: -150 bps margin impact
Management view: Export sales declined 16.2% but expected to reverse with European expansion
Monitor: Export tractor volumes
Trigger: If RM prices rise >10%
Impact: -150 bps margin impact
Management view: Long-term supplier contracts mitigate but significant increases could impact margins
Monitor: Steel prices
Key quotes from recent conference calls
“We are planning capex of ₹60 crores for FY27, focusing on technology development and manufacturing capacity expansion — Antony Cherukara”
“Our OPM has improved to 11.2% in Q3 due to better product mix and operating leverage from higher volumes — Nitin Agrawal”
“There are 15 crore farming households in India, but only 5 crore receive mechanization support, leaving 10 crore households without adequate solutions — Antony Cherukara”
“We expect to maintain growth momentum with our expanded distribution network and new product launches — V.T. Ravindra”
Forward-looking targets from management for FY26-FY27
Revenue Growth Target
30%
Implied PAT Growth
25%
OPM Guidance
11%
Capex Plan
₹60 Cr
Key Milestones
• 6,000 retail counters by FY27
• Netherlands base in Q1 FY27
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
VST Tillers Tractors Ltd's latest quarterly results (Dec 2025) show
VST Tillers Tractors Ltd's current PE ratio is 34.2x.
VST Tillers Tractors Ltd's price-to-book ratio is 4.0x.
VST Tillers Tractors Ltd's fundamental strength based on key financial ratios
VST Tillers Tractors Ltd has a debt-to-equity ratio of N/A.
VST Tillers Tractors Ltd's return ratios over recent years
VST Tillers Tractors Ltd's operating cash flow is positive (FY2025).
VST Tillers Tractors Ltd's current dividend yield is 0.41%.
VST Tillers Tractors Ltd's shareholding pattern (Dec 2025)
VST Tillers Tractors Ltd's promoter holding has remained stable recently.
VST Tillers Tractors Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
VST Tillers Tractors Ltd has 3 key growth catalysts identified from recent earnings analysis
VST Tillers Tractors Ltd has 2 key risks worth monitoring
In Q3 FY26, VST Tillers Tractors Ltd's management highlighted
VST Tillers Tractors Ltd's management has provided the following forward guidance for FY26-FY27
Based on quantitative research signals, here is why VST Tillers Tractors Ltd may be worth studying
VST Tillers Tractors Ltd investment thesis summary:
VST Tillers Tractors Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
