V.S.T Tillers Tractors Limited (VSTTILLERS) - Net Assets

Latest as of March 2026: Rs10.94 Billion INR ≈ $118.33 Million USD

Based on the latest financial reports, V.S.T Tillers Tractors Limited (VSTTILLERS) has net assets worth Rs10.94 Billion INR (≈ $118.33 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs13.44 Billion ≈ $145.37 Million USD) and total liabilities (Rs2.50 Billion ≈ $27.05 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check V.S.T Tillers Tractors Limited (VSTTILLERS) tangible net worth to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs10.94 Billion
% of Total Assets	81.39%
Annual Growth Rate	17.0%
5-Year Change	45.97%
10-Year Change	123.72%
Growth Volatility	10.14

V.S.T Tillers Tractors Limited - Net Assets Trend (2006–2026)

This chart illustrates how V.S.T Tillers Tractors Limited's net assets have evolved over time, based on quarterly financial data. See V.S.T Tillers Tractors Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for V.S.T Tillers Tractors Limited (2006–2026)

The table below shows the annual net assets of V.S.T Tillers Tractors Limited from 2006 to 2026. For live valuation and market cap data, see market value of V.S.T Tillers Tractors Limited.

Year	Net Assets	Change
2026-03-31	Rs10.94 Billion ≈ $118.33 Million	+9.21%
2025-03-31	Rs10.02 Billion ≈ $108.35 Million	+8.47%
2024-03-31	Rs9.24 Billion ≈ $99.89 Million	+12.03%
2023-03-31	Rs8.24 Billion ≈ $89.16 Million	+9.99%
2022-03-31	Rs7.50 Billion ≈ $81.06 Million	+12.28%
2021-03-31	Rs6.68 Billion ≈ $72.20 Million	+15.72%
2020-03-31	Rs5.77 Billion ≈ $62.39 Million	-2.20%
2019-03-31	Rs5.90 Billion ≈ $63.80 Million	-1.08%
2018-03-31	Rs5.96 Billion ≈ $64.50 Million	+21.94%
2017-03-31	Rs4.89 Billion ≈ $52.89 Million	+16.41%
2016-03-31	Rs4.20 Billion ≈ $45.43 Million	+15.56%
2015-03-31	Rs3.64 Billion ≈ $39.32 Million	+16.46%
2014-03-31	Rs3.12 Billion ≈ $33.76 Million	+27.73%
2013-03-31	Rs2.44 Billion ≈ $26.43 Million	+19.26%
2012-03-31	Rs2.05 Billion ≈ $22.16 Million	+24.93%
2011-03-31	Rs1.64 Billion ≈ $17.74 Million	+29.28%
2010-03-31	Rs1.27 Billion ≈ $13.72 Million	+37.74%
2009-03-31	Rs921.16 Million ≈ $9.96 Million	+34.94%
2008-03-31	Rs682.65 Million ≈ $7.38 Million	+19.26%
2007-03-31	Rs572.38 Million ≈ $6.19 Million	+20.79%
2006-03-31	Rs473.87 Million ≈ $5.12 Million	--

Equity Component Analysis

This analysis shows how different components contribute to V.S.T Tillers Tractors Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs86.53 Million	0.79%
Other Components	Rs10.85 Billion	99.21%
Total Equity	Rs10.94 Billion	100.00%

V.S.T Tillers Tractors Limited Competitors by Market Cap

The table below lists competitors of V.S.T Tillers Tractors Limited ranked by their market capitalization.

Company	Market Cap
Anji Foodstuff Co Ltd SHG:603696	$425.74 Million
Zaptec AS OL:ZAP	$425.80 Million
Wuxi Commercial Mansion Grand Orient Co Ltd SHG:600327	$425.96 Million
GWA Group Ltd AU:GWA	$425.96 Million
Farmland Partners Inc NYSE:FPI	$425.70 Million
Morguard North American Residential Real Estate Investment Trust TO:MRG-UN	$425.69 Million
Forth Corporation Public Company Limited BK:FORTH	$425.66 Million
Fittech Co Ltd TW:6706	$425.65 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in V.S.T Tillers Tractors Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 10,018,599,000 to 10,941,214,000, a change of 922,615,000 (9.2%).
Net income of 1,047,200,000 contributed positively to equity growth.
Dividend payments of 172,867,000 reduced retained earnings.
New share issuances of 94,000 increased equity.
Other comprehensive income decreased equity by 3,025,606,000.
Other factors increased equity by 3,073,794,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs1.05 Billion	+9.57%
Dividends Paid	Rs172.87 Million	-1.58%
Share Issuances	Rs94.00K	+0.0%
Other Comprehensive Income	Rs-3.03 Billion	-27.65%
Other Changes	Rs3.07 Billion	+28.09%
Total Change	Rs-	9.21%

Book Value vs Market Value Analysis

This analysis compares V.S.T Tillers Tractors Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 3.61x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 82.95x to 3.61x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-03-31	Rs54.85	Rs4549.30	x
2007-03-31	Rs66.25	Rs4549.30	x
2008-03-31	Rs79.01	Rs4549.30	x
2009-03-31	Rs106.62	Rs4549.30	x
2010-03-31	Rs146.86	Rs4549.30	x
2011-03-31	Rs189.86	Rs4549.30	x
2012-03-31	Rs237.18	Rs4549.30	x
2013-03-31	Rs282.86	Rs4549.30	x
2014-03-31	Rs361.31	Rs4549.30	x
2015-03-31	Rs420.78	Rs4549.30	x
2016-03-31	Rs486.27	Rs4549.30	x
2017-03-31	Rs566.06	Rs4549.30	x
2018-03-31	Rs690.28	Rs4549.30	x
2019-03-31	Rs682.79	Rs4549.30	x
2020-03-31	Rs667.76	Rs4549.30	x
2021-03-31	Rs772.69	Rs4549.30	x
2022-03-31	Rs867.52	Rs4549.30	x
2023-03-31	Rs954.23	Rs4549.30	x
2024-03-31	Rs1068.88	Rs4549.30	x
2025-03-31	Rs1157.68	Rs4549.30	x
2026-03-31	Rs1260.94	Rs4549.30	x

Capital Efficiency Dashboard

This dashboard shows how efficiently V.S.T Tillers Tractors Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 9.57%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 8.44%
• Asset Turnover: 0.92x
• Equity Multiplier: 1.23x
Recent ROE (9.57%) is below the historical average (17.79%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	15.65%	5.70%	1.60x	1.72x	Rs26.78 Million
2007	21.93%	7.74%	1.60x	1.77x	Rs68.29 Million
2008	21.10%	7.64%	1.56x	1.77x	Rs75.76 Million
2009	31.39%	10.55%	1.73x	1.72x	Rs197.00 Million
2010	33.36%	12.29%	1.78x	1.53x	Rs296.38 Million
2011	28.16%	10.86%	1.72x	1.51x	Rs297.87 Million
2012	24.37%	9.41%	1.65x	1.57x	Rs294.36 Million
2013	19.88%	10.08%	1.43x	1.37x	Rs241.35 Million
2014	26.57%	13.29%	1.33x	1.51x	Rs517.23 Million
2015	19.12%	12.60%	1.17x	1.30x	Rs331.63 Million
2016	17.65%	11.46%	1.21x	1.27x	Rs321.22 Million
2017	14.67%	10.32%	1.12x	1.26x	Rs228.50 Million
2018	18.78%	14.70%	0.97x	1.32x	Rs523.43 Million
2019	7.81%	7.53%	0.82x	1.27x	Rs-129.27 Million
2020	3.12%	3.32%	0.74x	1.26x	Rs-396.85 Million
2021	13.60%	11.93%	0.86x	1.33x	Rs240.19 Million
2022	13.25%	11.69%	0.88x	1.29x	Rs243.56 Million
2023	11.20%	9.18%	0.92x	1.32x	Rs99.25 Million
2024	13.11%	12.51%	0.83x	1.26x	Rs287.05 Million
2025	9.28%	9.35%	0.79x	1.26x	Rs-72.16 Million
2026	9.57%	8.44%	0.92x	1.23x	Rs-46.92 Million

Industry Comparison

This section compares V.S.T Tillers Tractors Limited's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.

Industry Context

Industry: Farm & Heavy Construction Machinery
Average net assets among peers: $-3,484,660,522
Average return on equity (ROE) among peers: 7.79%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
V.S.T Tillers Tractors Limited (VSTTILLERS)	Rs10.94 Billion	15.65%	0.23x	$425.71 Million
Debock Industries Limited (DIL)	$3.96 Million	4.97%	0.03x	$1.65 Million
Eimco Elecon (India) Limited (EIMCOELECO)	$1.70 Billion	8.90%	0.15x	$101.30 Million
Escorts Kubota Limited (ESCORTS)	$9.74 Billion	-3.86%	2.08x	$3.34 Billion
HMT Limited (HMT)	$-49.41 Billion	0.00%	0.00x	$802.92 Million
Mahindra EPC Irrigation Limited (MAHEPC)	$1.24 Billion	7.40%	0.36x	$35.25 Million
Olectra Greentech Limited (OLECTRA)	$10.53 Billion	13.19%	1.06x	$1.28 Billion
TIL Limited (TIL)	$1.80 Billion	23.93%	2.10x	$164.10 Million

About V.S.T Tillers Tractors Limited

NSE:VSTTILLERS India Farm & Heavy Construction Machinery

Market Cap

$425.71 Million

Rs39.36 Billion INR

Market Cap Rank

#13233 Global

#647 in India

Share Price

Rs4549.30

Change (1 day)

+0.13%

52-Week Range

Rs3664.30 - Rs6262.50

All Time High

Rs6262.50