VST Industries (NSE:VSTIND) Enterprise Value: ₹38,277 Mil (As of Jun. 28, 2026) ***


NSE:VSTIND VST Industries Ltd NSE:VSTIND
83 GF Score
Price ₹261.10
GF Value ₹347.33
Valuation Modestly Undervalued
! 4 Warning Signs
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What is VST Industries Enterprise Value?

VST Industries NSE:VSTIND +0.15% 83 Enterprise Value is ₹38,277 Mil as of Jun. 28, 2026. GuruFocus rates NSE:VSTIND with a GF Score™ of 83/100 and a GF Value™ of ₹347.33 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, VST Industries's Enterprise Value is ₹38,277 Mil. VST Industries's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₹3,487 Mil. Therefore, VST Industries's EV-to-EBIT ratio for today is 10.98.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, VST Industries's Enterprise Value is ₹38,277 Mil. VST Industries's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was ₹4,499 Mil. Therefore, VST Industries's EV-to-EBITDA ratio for today is 8.51.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, VST Industries's Enterprise Value is ₹38,277 Mil. VST Industries's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was ₹14,607 Mil. Therefore, VST Industries's EV-to-Revenue ratio for today is 2.62.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, VST Industries's Enterprise Value is ₹38,277 Mil. VST Industries's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was ₹0 Mil. Therefore, VST Industries's EV-to-OCF ratio for today is .

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, VST Industries's Enterprise Value is ₹38,277 Mil. VST Industries's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ₹0 Mil. Therefore, VST Industries's EV-to-FCF ratio for today is .

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


VST Industries  (NSE:VSTIND) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

VST Industries's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=38276.809/3487.3
=10.98

VST Industries's current Enterprise Value is ₹38,277 Mil.
VST Industries's 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.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

VST Industries's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=38276.809/4498.9
=8.51

VST Industries's current Enterprise Value is ₹38,277 Mil.
VST Industries's EBITDA 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 ₹4,499 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

VST Industries's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=38276.809/14607.4
=2.62

VST Industries's current Enterprise Value is ₹38,277 Mil.
VST Industries's Revenue 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 ₹14,607 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

VST Industries's EV-to-OCF for today is:


VST Industries's current Enterprise Value is ₹38,277 Mil.
VST Industries's Cash Flow from Operations 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 ₹0 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

VST Industries's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=38276.809/0
=

VST Industries's current Enterprise Value is ₹38,277 Mil.
VST Industries's Free Cash Flow 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 ₹0 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.


VST Industries Enterprise Value Related Terms


VST Industries Enterprise Value Historical Data

* Premium members only.

The historical data trend for VST Industries's Enterprise Value 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 Enterprise Value Chart

VST Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39,518.15 44,548.85 52,209.39 41,244.61 27,988.97

VST Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Enterprise Value 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 41,244.61 52,134.78 41,220.05 43,666.06 27,988.97

NSE:VSTIND vs PM, MO, TPB: Enterprise Value Comparison

For the Tobacco subindustry, VST Industries's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, VST Industries's Enterprise Value distribution charts can be found below:

* The bar in red indicates where VST Industries's Enterprise Value falls into.


NSE:VSTIND
83GF Score
VST Industries Ltd NSE:VSTIND
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
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VST Industries Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

VST Industries's Enterprise Value for the fiscal year that ended in Mar. 2026 is calculated as

VST Industries's Enterprise Value for the quarter that ended in Mar. 2026 is calculated as

* 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 Enterprise Value →
What does a Enterprise Value of ₹38,277 Mil mean?
VST Industries (NSE:VSTIND) has a Enterprise Value of ₹38,277 Mil as of Jun. 28, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on VST Industries and its competitors.
Is VST Industries' Enterprise Value too high?
VST Industries' current Enterprise Value is ₹38,277 Mil. Overall, VST Industries has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does VST Industries' Enterprise Value compare to PM and MO?
VST Industries' Enterprise Value of ₹38,277 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 Enterprise Value for a Tobacco Products company?
A good Enterprise Value depends on the Tobacco Products industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on VST Industries and its competitors. VST Industries's current Enterprise Value is ₹38,277 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 ₹347.33, compared to a current price of ₹261.10 — trading 24.8% below its estimated fair value. The current Enterprise Value is ₹38,277 Mil. VST Industries' overall GF Score™ is 83/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For VST Industries (NSE:VSTIND), the current Enterprise Value is ₹38,277 Mil as of Jun. 28, 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 ₹261.10 is trading 24.8% below its estimated GF Value™ of ₹347.33. GuruFocus considers VST Industries to be Modestly Undervalued.

Key valuation signals for NSE:VSTIND:

  • Enterprise Value: ₹38,277 Mil
  • GF Value™: ₹347.33 vs. price of ₹261.10 (24.8% below fair value)
  • GF Score™: 83/100 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.
83GF Score

Get the complete analysis for NSE:VSTIND

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

₹261.10
Price
₹347.33
GF Value