V.S.T Tillers Tractors Limited (VSTTILLERS) - Net Assets
Based on the latest financial reports, V.S.T Tillers Tractors Limited (VSTTILLERS) has net assets worth Rs10.57 Billion INR (≈ $114.26 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs13.42 Billion ≈ $145.13 Million USD) and total liabilities (Rs2.85 Billion ≈ $30.87 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 VSTTILLERS asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs10.57 Billion |
| % of Total Assets | 78.73% |
| Annual Growth Rate | 17.42% |
| 5-Year Change | 50.08% |
| 10-Year Change | 138.47% |
| Growth Volatility | 10.22 |
V.S.T Tillers Tractors Limited - Net Assets Trend (2006–2025)
This chart illustrates how V.S.T Tillers Tractors Limited's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of V.S.T Tillers Tractors Limited for the complete picture of this company's asset base.
Annual Net Assets for V.S.T Tillers Tractors Limited (2006–2025)
The table below shows the annual net assets of V.S.T Tillers Tractors Limited from 2006 to 2025. For live valuation and market cap data, see market value of V.S.T Tillers Tractors Limited.
| Year | Net Assets | Change |
|---|---|---|
| 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 grown by 690655900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs6.91 Billion | 68.94% |
| Common Stock | Rs86.43 Million | 0.86% |
| Other Comprehensive Income | Rs3.03 Billion | 30.20% |
| Total Equity | Rs10.02 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 |
|---|---|
|
Hangzhou Kaierda Welding Robot Co Ltd
SHG:688255
|
$487.74 Million |
|
Taiwan Shin Kong Security Co Ltd
TW:9925
|
$487.81 Million |
|
Beijing Hanyi Innovation Technology Co. Ltd. A
SHE:301270
|
$487.87 Million |
|
Juniper Hotels Ltd
NSE:JUNIPER
|
$488.19 Million |
|
Camping World Holdings Inc
NYSE:CWH
|
$487.48 Million |
|
Tivan Ltd
AU:TVN
|
$487.45 Million |
|
Doright Co.Ltd.
SHE:300950
|
$487.39 Million |
|
Armada Hflr Pr
NYSE:AHH
|
$487.33 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 2024 to 2025, total equity changed from 9,236,204,000 to 10,018,599,000, a change of 782,395,000 (8.5%).
- Net income of 929,700,000 contributed positively to equity growth.
- Dividend payments of 172,791,000 reduced retained earnings.
- Share repurchases of 38,000 reduced equity.
- New share issuances of 38,000 increased equity.
- Other comprehensive income increased equity by 3,025,481,000.
- Other factors decreased equity by 2,999,995,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs929.70 Million | +9.28% |
| Dividends Paid | Rs172.79 Million | -1.72% |
| Share Repurchases | Rs38.00K | -0.0% |
| Share Issuances | Rs38.00K | +0.0% |
| Other Comprehensive Income | Rs3.03 Billion | +30.2% |
| Other Changes | Rs-3.00 Billion | -29.94% |
| Total Change | Rs- | 8.47% |
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: 4.50x
- 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 95.09x to 4.50x 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 | Rs5215.30 | x |
| 2007-03-31 | Rs66.25 | Rs5215.30 | x |
| 2008-03-31 | Rs79.01 | Rs5215.30 | x |
| 2009-03-31 | Rs106.62 | Rs5215.30 | x |
| 2010-03-31 | Rs146.86 | Rs5215.30 | x |
| 2011-03-31 | Rs189.86 | Rs5215.30 | x |
| 2012-03-31 | Rs237.18 | Rs5215.30 | x |
| 2013-03-31 | Rs282.86 | Rs5215.30 | x |
| 2014-03-31 | Rs361.31 | Rs5215.30 | x |
| 2015-03-31 | Rs420.78 | Rs5215.30 | x |
| 2016-03-31 | Rs486.27 | Rs5215.30 | x |
| 2017-03-31 | Rs566.06 | Rs5215.30 | x |
| 2018-03-31 | Rs690.28 | Rs5215.30 | x |
| 2019-03-31 | Rs682.79 | Rs5215.30 | x |
| 2020-03-31 | Rs667.76 | Rs5215.30 | x |
| 2021-03-31 | Rs772.69 | Rs5215.30 | x |
| 2022-03-31 | Rs867.52 | Rs5215.30 | x |
| 2023-03-31 | Rs954.23 | Rs5215.30 | x |
| 2024-03-31 | Rs1068.88 | Rs5215.30 | x |
| 2025-03-31 | Rs1157.68 | Rs5215.30 | 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): 9.28%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.35%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 1.26x
- Recent ROE (9.28%) is below the historical average (18.20%), 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 |
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: $7,340,328,047
- Average return on equity (ROE) among peers: 1.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| V.S.T Tillers Tractors Limited (VSTTILLERS) | Rs10.57 Billion | 15.65% | 0.27x | $487.50 Million |
| Debock Industries Limited (DIL) | $234.11 Million | 3.70% | 1.78x | $1.80 Million |
| Eimco Elecon (India) Limited (EIMCOELECO) | $2.22 Billion | 7.68% | 0.15x | $98.16 Million |
| Escorts Kubota Limited (ESCORTS) | $31.23 Billion | 15.12% | 0.61x | $3.86 Billion |
| HMT Limited (HMT) | $12.26 Billion | -40.17% | 2.31x | $789.12 Million |
| Mahindra EPC Irrigation Limited (MAHEPC) | $1.40 Billion | 3.53% | 0.40x | $35.63 Million |
| Olectra Greentech Limited (OLECTRA) | $761.67 Million | 2.79% | 1.07x | $1.11 Billion |
| TIL Limited (TIL) | $3.28 Billion | 18.35% | 1.85x | $142.01 Million |
About V.S.T Tillers Tractors Limited
V.S.T. Tillers Tractors Limited manufactures and trades agricultural machinery in India and internationally. The company offers power tillers, power weeders, power reapers, brush cutters, and tractors; spare parts, lubricants, diesel engines, and electric pumps; crankshafts, camshafts, and connecting rods; cylinder blocks and heads; locomotive parts; rotary tillers; crankcase and transmission cas… Read more