VST IndustriesNSE:VSTIND -0.61%84 Net Margin % is 25.56% as of Mar. 2026, which is 21% above its 10-year median of 21.05. 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. Among 48 Tobacco Products companies, VST Industries ranks better than 70.83% on this metric.
Net margin is calculated as Net Income divided by its Revenue. VST Industries's Net Income for the
three
months ended in Mar. 2026 was ₹1,167 Mil. VST Industries's Revenue for the
three
months ended in Mar. 2026 was ₹4,565 Mil. Therefore, VST Industries's net margin for the quarter that ended in Mar. 2026 was 25.56%.
The historical rank and industry rank for VST Industries's Net Margin % or its related term are showing as below:
NSE:VSTIND'
s Net Margin % Range Over the Past 10 Years
Min: 16.5 Med: 21.05 Max: 28
Current: 20.01
NSE:VSTIND's Net Margin % is ranked better than 70.83% of 48
companies
in the Tobacco Products industry
Industry Median: 7.245
vs NSE:VSTIND: 20.01
VST Industries (NSE:VSTIND) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
VST Industries Net Margin % Related Terms
VST Industries Net Margin % Historical Data
* Premium members only.
The historical data trend for VST Industries's Net Margin % 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.
NSE:VSTIND vs PM, MO, TPB: Net Margin % Comparison
For the Tobacco subindustry, VST Industries's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, VST Industries's Net Margin % distribution charts can be found below:
* The bar in red indicates where VST Industries's Net Margin % falls into.
* 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 (NSE:VSTIND) has a Net Margin % of 25.56% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on VST Industries and its competitors. This is 21% above median its historical median of 21.05. Over the past decade, VST Industries' Net Margin % has ranged from 16.50 to 28.00. According to the industry distribution chart, VST Industries ranks #14 out of 48 companies in the Tobacco Products industry, placing it in the top 29.2%.
Is VST Industries' Net Margin % too high?
VST Industries' current Net Margin % of 25.56% is 21% above median its 10-year median of 21.05. Over the past 10 years, this metric has ranged from a low of 16.50 to a high of 28.00. The Tobacco Products industry median Net Margin % is 7.25. VST Industries' value of 25.56% is 252.8% above this industry median. Based on the distribution chart, VST Industries ranks #14 out of 48 companies in the Tobacco Products industry, which is above the industry midpoint. 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' Net Margin % compare to PM and MO?
According to the Tobacco Products industry distribution chart, VST Industries ranks #14 out of 48 companies for Net Margin %. This puts VST Industries in the upper half of its industry. The industry median Net Margin % is 7.25. VST Industries' value of 25.56% is 252.8% above this benchmark. Historically, VST Industries' own Net Margin % has ranged from 16.50 to 28.00 over the past decade. While the company's 10-year median is 21.05 vs. the industry median of 7.25, VST Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Tobacco Products company?
The median Net Margin % among Tobacco Products companies is 7.25, based on 48 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. VST Industries's current Net Margin % of 25.56% is 252.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on VST Industries and its competitors. For the Tobacco Products industry, the median Net Margin % is 7.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VST Industries's current Net Margin % is 25.56%, which is 21% above median its own 10-year median of 21.05. 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 Net Margin % is 25.56%, which is 21% above median its 10-year median of 21.05 and 252.8% above the Tobacco Products industry median of 7.25. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For VST Industries (NSE:VSTIND), the current Net Margin % is 25.56% 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:
Net Margin %: 25.56% (21% above median its 10-year median of 21.05)
GF Value™: ₹346.81 vs. price of ₹260.70 (24.8% below fair value)
Industry Position: 252.8% above the Tobacco Products median (#14 of 48)
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 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
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