VST IndustriesNSE:VSTIND +0.15%83 Pretax Margin % is 33.85% as of Mar. 2026, which is 10% above its 10-year median of 30.74. 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. Among 48 Tobacco Products companies, VST Industries ranks better than 75% on this metric.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
VST Industries Pretax Margin % Related Terms
VST Industries Pretax Margin % Historical Data
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The historical data trend for VST Industries's Pretax 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: Pretax Margin % Comparison
For the Tobacco subindustry, VST Industries's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, VST Industries's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where VST Industries's Pretax 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 Pretax Margin % of 33.85% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on VST Industries and its competitors. This is 10% above median its historical median of 30.74. Over the past decade, VST Industries' Pretax Margin % has ranged from 25.14 to 37.60. According to the industry distribution chart, VST Industries ranks #12 out of 48 companies in the Tobacco Products industry, placing it in the top 25%.
Is VST Industries' Pretax Margin % too high?
VST Industries' current Pretax Margin % of 33.85% is 10% above median its 10-year median of 30.74. Over the past 10 years, this metric has ranged from a low of 25.14 to a high of 37.60. The Tobacco Products industry median Pretax Margin % is 9.62. VST Industries' value of 33.85% is 252.1% above this industry median. Based on the distribution chart, VST Industries ranks #12 out of 48 companies in the Tobacco Products industry, which is in the top quartile — a strong position relative to peers. 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' Pretax Margin % compare to PM and MO?
According to the Tobacco Products industry distribution chart, VST Industries ranks #12 out of 48 companies for Pretax Margin %. This places VST Industries in the top 25% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 9.62. VST Industries' value of 33.85% is 252.1% above this benchmark. Historically, VST Industries' own Pretax Margin % has ranged from 25.14 to 37.60 over the past decade. While the company's 10-year median is 30.74 vs. the industry median of 9.62, 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 Pretax Margin % for a Tobacco Products company?
The median Pretax Margin % among Tobacco Products companies is 9.62, based on 48 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. VST Industries's current Pretax Margin % of 33.85% is 252.1% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on VST Industries and its competitors. For the Tobacco Products industry, the median Pretax Margin % is 9.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VST Industries's current Pretax Margin % is 33.85%, which is 10% above median its own 10-year median of 30.74. 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 Pretax Margin % is 33.85%, which is 10% above median its 10-year median of 30.74 and 252.1% above the Tobacco Products industry median of 9.62. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For VST Industries (NSE:VSTIND), the current Pretax Margin % is 33.85% 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 ₹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:
Pretax Margin %: 33.85% (10% above median its 10-year median of 30.74)
GF Value™: ₹347.33 vs. price of ₹261.10 (24.8% below fair value)
Industry Position: 252.1% above the Tobacco Products median (#12 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.
83GF Score
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