VST Industries share price today

VST Industries Ltd's share price was ₹189.81 at the close on 4 November 2026. It has been falling for 14 weeks. That is 17.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹186 and ₹268, and at that close it sat 5% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today VST Industries Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 20 weeks running.

Over the last 11 years the share price moved +23% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 25 June 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

One change stood out: lowest operating margin in 16 quarters.

1. Lowest operating margin in 16 quarters

   Operating margin was 18% in the September 2026 quarter, against 23% a year earlier.

VST Industries paid ₹12 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 6.32% at the ₹189.81 close on 4 November 2026. The last was a dividend of ₹12 a share, ex-date 10 July 2026.

VST Industries dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. VST Industries Ltd paid out 70% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

For July to September 2026 (the quarter ended 30 September 2026), VST Industries reported revenue of ₹241 crore, down 28.3% from ₹336 crore a year earlier, and a profit of ₹41.0 crore, down 30.5% from ₹59.0 crore.

VST Industries results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

VST Industries closed at ₹189.81 on 4 November 2026, down 25.6% from ₹255.20 a year earlier (7 November 2025) and down 37.0% over five years. Its highest weekly close since March 2016 was ₹481.25 on 6 September 2024.

VST Industries share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: VST Industries closed at ₹189.81, up 2.3% on the week and down 5.6% on the month. Results for July to September 2026: Revenue down 28.3% and profit down 30.5% on a year earlier.

Earlier

• 10 Jul 2026: ex-date for a dividend of ₹12 a share.
• 6 Sep 2024: Bonus issue: 10 new shares for every 1 held (ex-date).

VST Industries is on 2 of our India lists: 52 week high & low and Dividend stocks.

VST Industries Ltd earned ₹41.0 Cr of net profit in the Sep 2026 quarter, −30.5% on the same quarter a year earlier. Full-year FY26 profit was ₹292 Cr. Over 10 years profit has grown 6.7% a year on average. That is 17.0% of the quarter's revenue. The same quarter a year earlier earned ₹59.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹292 Cr (+0.7% on the year before).

Why profit moved: revenue changed −28.3% on a year earlier and the margin moved −5.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +2.4% and revenue −2.5%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

VST Industries Ltd reported ₹241 Cr of revenue in the Sep 2026 quarter, −28.3% on the same quarter a year earlier. Over 10 years it has grown 5.2% a year on average. The last full year, FY26, came in at ₹1,465 Cr. The last four reported quarters add to ₹1,327 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹1,465 Cr, +4.8% on the year before.

Recent pace: the last four quarters grew −2.5% on average, against 5.2% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −1.7%, against −3.3% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −14.5%, against +3.2% a year (rolling over).

VST Industries Ltd's operating margin was 18.0% in the Sep 2026 quarter, 5.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 20.0% and 37.0%. The latest quarter is below every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −5.5 percentage points on the year while gross margin changed +1.2 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 65% of VST Industries Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹218 Cr of operating cash against ₹292 Cr of profit. After ₹37.0 Cr of spending on assets, ₹181 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 65% of profit came in as cash: the cash cycle got 157 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: it has been selling more assets than it buys. The next section shows those figures.

VST Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 305 days in FY26, up from 148 days in FY21. Over the last 3 years it sold more assets than it bought, by ₹163 Cr. Customers take 12 days to pay, and stock sits for 359 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,465 Cr, each day of that cycle ties up about ₹4.0 Cr, so roughly ₹1,224 Cr is tied up in the business at any time.

FY26: customers took 12 days to pay and stock sat for 359 days, about 11.8 months of sales sitting as stock, for a full cycle of 305 days, longer than FY21's 148.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 359 days. Customers pay about 12 days after that. Suppliers are paid at 66 days. Together that makes the 305-day cycle.

Over the last 3 years, money from selling assets was ₹163 Cr more than it spent on new ones. Work still in progress is ₹0.0 Cr (FY26).

In short: assets are being sold, not built, so this cash is not going into new capacity.

VST Industries Ltd's P/E is 12.3×, about the lowest it has ever been. Its usual P/E (the middle reading) is 19.2×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.