Rs 150/Share Dividend Announced: Mid Cap Tobacco Firm Posts 28.38% Growth In Profit

Mid cap stock operating in tobacco sector, VST Industries Ltd today recommended final dividend of Rs 150/- per equity share of Rs 10/- each. Last trading price of VST Industries share on BSE is Rs 4118.85 per share with intraday gain of 2.21%. The company has a market capitalisation of Rs 6,360.30 crore. VST Industries has a PE of 22.55 and EPS (TTM) of 34.80. Today the company, operating in tobacco sector, declared a jump of 28.38% in its net profit to Rs 88.20 crore for the quarter ended March 2024. More details below:

VST Industries Declares Dividend: As per the regulatory filing of VST Industries dated April 26, 2024, "recommended a final dividend of Rs.150/- per equity share of Rs. 10/- each. The dividend if approved will be paid within 30 days of the approval of the shareholders at the ensuing 93rd Annual General Meeting."

VST Industries Dividend History: VST Industries announced 23 dividends since May 28, 2001. In the past 12 months, VST Industries announced an equity dividend amounting to Rs 150.00 per share. At the current share price of Rs 4118.85 per share, VST Industries offers dividend yield of 3.64%.

VST Industries Financials: The company for the quarter ended March 31, 2024 declared its net profit at Rs 88.20 crore, up 28.38% as compared to Rs 68.70 crore declared in the corresponding quarter of last year. The company's sales surged 24.35% to Rs 374.13 crore for the quarter ended March 31, 2024 as compared to Rs 300.86 crore reported in the preceding quarter ended March 2023. For the whole year, the company's net profit fell 7.77% to Rs 301.57 crore for year ended March 2024 as against Rs 326.98 crore reported last year ended March 2023. Sales rallied 9.85% to Rs 1417.20 crore for the year ended March 2024 as against Rs 1290.11 crore reported during the previous year ended March 2023.

VST Industries Share Performance: Last trading price of VST Industries share on BSE is Rs 4118.85 per share. The 52-week high price of VST Industries share on BSE is Rs 4328.45 per share (as on 3/01/2024) and 52-week low price is Rs 3159.90 per share (as on 26/10/2023), respectively. The company has a market cap of Rs 6,360.30 crore. VST Industries shares gave return of 11% in last 2-weeks, surged 16% in last 1-month, 29% in last 6-months, and gave return of 26% in last 1-year. In last 2-years, VST Industries shares rallied 28% and offered highest return of 116% in last 10-years.

VST Industries Technical: Score is 64.2, stock is technically moderately strong. Stocks with score between 60 and 70 are considered as technically moderately strong. RSI is 79.4, RSI below 30 is considered oversold and above 70 overbought. MFI is 91.7, MFI above 80 is considered strongly overbought. This implies that stock may show pullback. Number of FII/FPI investors decreased from 99 to 88 in Dec 2023 quarter. Mutual Funds have decreased holdings from 15.95% to 15.93% in Dec 2023 quarter. The New India Assurance Co. Ltd has 1.51% in VST with 232,803 shares.

Bulk Deal: Ace investor Radakishan Damani bought 2.33 lakh shares (1.51% stake) at an average price of Rs 3,689.96. The investor held 32.89% stake in the company as of December 2023. Damani bought shares worth Rs 86.25 crore. This sale upgraded his stake to 35.84%. Earlier this year in January, Damani acquired 1.44% stake in the company, that took the shareholding to more than 30% and made him largest shareholder in VST as the promoters held 32.16% stake.

On the other hand, HDFC Mutual fund sold 3.3 lakh shares in the company at Rs 3,690.23 per share. HDFC Mutual Fund sold 2.15% stake in VST. The stake was 5.84% till December 2023 as per shareholding data.

About VST Industries: The Vazir Sultan Tobacco Company Limited was incorporated on 10th November, 1930, under the Hyderabad Companies Act No. IV of 1320 Fasli and now governed under the Companies Act, 1956/2013. The name of the Company was subsequently changed to VST Industries Limited on 30th April, 1983. The Company has a manufacturing facility at Hyderabad and Toopran (Telangana) and its principal activities are manufacture & sale of cigarettes and unmanufactured tobacco, according to its official website.

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