VST Industries (NSE:VSTIND) EBIT: ₹3,487 Mil (TTM As of Mar. 2026)


NSE:VSTIND VST Industries Ltd NSE:VSTIND
84 GF Score
Price ₹260.70
GF Value ₹346.81
Valuation Modestly Undervalued
! 4 Warning Signs
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What is VST Industries EBIT?

VST Industries NSE:VSTIND -0.61% 84 EBIT is ₹3,487 Mil as of Mar. 2026. GuruFocus rates NSE:VSTIND with a GF Score™ of 84/100 and a GF Value™ of ₹346.81 (Modestly Undervalued). The stock has 4 warning signs investors should review.

VST Industries's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹1,451 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹3,487 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. VST Industries's annualized ROC % for the quarter that ended in Mar. 2026 was 34.16%. VST Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 69.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. VST Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.10%.


VST Industries  (NSE:VSTIND) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

VST Industries's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=5802.4 * ( 1 - 24.5% )/( (0 + 12824.4)/ 1 )
=4380.812/12824.4
=34.16 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

VST Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5802.4/( ( (0 + max(0, 0)) + (2443.3 + max(5856, 0)) )/ 1 )
=5802.4/( ( 0 + 8299.3 )/ 1 )
=5802.4/8299.3
=69.91 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(470.2 + 6749.7 + 4085.8) - (1402.2 + 0 + 4047.5)
=5856

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

VST Industries's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=3487.3/38302.241
=9.10 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


VST Industries EBIT Related Terms


VST Industries EBIT Historical Data

* Premium members only.

The historical data trend for VST Industries's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

VST Industries EBIT Chart

VST Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,815.40 3,699.95 3,486.65 2,343.10 3,487.40

VST Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 571.90 651.80 664.60 720.30 1,450.60

NSE:VSTIND vs PM, MO, TPB: EBIT Comparison

For the Tobacco subindustry, VST Industries's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


VST Industries EV-to-EBIT vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, VST Industries's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where VST Industries's EV-to-EBIT falls into.


NSE:VSTIND
84GF Score
VST Industries Ltd NSE:VSTIND
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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VST Industries EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹3,487 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹3,487 Mil mean?
VST Industries (NSE:VSTIND) has a EBIT of ₹3,487 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on VST Industries.
Is VST Industries' EBIT too high?
VST Industries' current EBIT is ₹3,487 Mil. Overall, VST Industries has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does VST Industries' EBIT compare to PM and MO?
VST Industries' EBIT of ₹3,487 Mil can be compared against companies in the Tobacco Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Tobacco Products company?
A good EBIT depends on the Tobacco Products industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on VST Industries. VST Industries's current EBIT is ₹3,487 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VST Industries stock overvalued right now?
Based on GuruFocus' analysis, VST Industries (NSE:VSTIND) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹346.81, compared to a current price of ₹260.70 — trading 24.8% below its estimated fair value. The current EBIT is ₹3,487 Mil. VST Industries' overall GF Score™ is 84/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For VST Industries (NSE:VSTIND), the current EBIT is ₹3,487 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is VST Industries (NSE:VSTIND) Overvalued in 2026?

Based on GuruFocus' analysis, VST Industries stock appears to be undervalued. The current stock price of ₹260.70 is trading 24.8% below its estimated GF Value™ of ₹346.81. GuruFocus considers VST Industries to be Modestly Undervalued.

Key valuation signals for NSE:VSTIND:

  • EBIT: ₹3,487 Mil
  • GF Value™: ₹346.81 vs. price of ₹260.70 (24.8% below fair value)
  • GF Score™: 84/100 with 4 warning signs

No single metric tells the full story. See the NSE:VSTIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


VST Industries Business Description

Other Exchanges 509966:India
Address 1-7-1063/1065, P.O. Box No. 1804, Azamabad, Hyderabad, TG, IND, 500 020
VST Industries Ltd manufactures and distributes cigarettes and unmanufactured tobacco under the brand names Charms, Charminar, Gold, Moments, and Zaffran. The company operates its business out of India. In terms of revenue from operations, a majority comes from the sale of cigarettes and the remainder generally comes from the sale of unmanufactured tobacco. It has a single operating segment which is. Tobacco and related products. Geographical segments consist of sales within India and sales outside of India with a majority derived from India.
84GF Score

Get the complete analysis for NSE:VSTIND

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹260.70
Price
₹346.81
GF Value