VST IndustriesNSE:VSTIND +0.15%84 ROA % is 23.15% as of Mar. 2026, which is 17% above its 10-year median of 19.77. GuruFocus rates NSE:VSTIND with a GF Score™ of 84/100 and a GF Value™ of ₹346.98 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 49 Tobacco Products companies, VST Industries ranks better than 71.43% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. VST Industries's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹4,668 Mil.
VST Industries's average Total Assets over the quarter that ended in Mar. 2026 was ₹20,158 Mil. Therefore, VST Industries's annualized ROA % for the quarter that ended in Mar. 2026 was 23.15%.
The historical rank and industry rank for VST Industries's ROA % or its related term are showing as below:
NSE:VSTIND'
s ROA % Range Over the Past 10 Years
Min: 15.25 Med: 19.77 Max: 23.37
Current: 15.34
During the past 13 years, VST Industries's highest ROA % was 23.37%. The lowest was 15.25%. And the median was 19.77%.
NSE:VSTIND's ROA % is ranked better than 71.43% of 49
companies
in the Tobacco Products industry
Industry Median: 6.68
vs NSE:VSTIND: 15.34
VST Industries (NSE:VSTIND) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
VST Industries ROA % Related Terms
VST Industries ROA % Historical Data
* Premium members only.
The historical data trend for VST Industries's ROA % 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.
For the Tobacco subindustry, VST Industries's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, VST Industries's ROA % distribution charts can be found below:
* The bar in red indicates where VST Industries's ROA % 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
VST Industries (NSE:VSTIND) has a ROA % of 23.15% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on VST Industries and its competitors. This is 17% above median its historical median of 19.77. Over the past decade, VST Industries' ROA % has ranged from 15.25 to 23.37. According to the industry distribution chart, VST Industries ranks #14 out of 49 companies in the Tobacco Products industry, placing it in the top 28.6%.
Is VST Industries' ROA % too high?
VST Industries' current ROA % of 23.15% is 17% above median its 10-year median of 19.77. Over the past 10 years, this metric has ranged from a low of 15.25 to a high of 23.37. The Tobacco Products industry median ROA % is 6.68. VST Industries' value of 23.15% is 246.6% above this industry median. Based on the distribution chart, VST Industries ranks #14 out of 49 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' ROA % compare to PM and MO?
According to the Tobacco Products industry distribution chart, VST Industries ranks #14 out of 49 companies for ROA %. This puts VST Industries in the upper half of its industry. The industry median ROA % is 6.68. VST Industries' value of 23.15% is 246.6% above this benchmark. Historically, VST Industries' own ROA % has ranged from 15.25 to 23.37 over the past decade. While the company's 10-year median is 19.77 vs. the industry median of 6.68, 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 ROA % for a Tobacco Products company?
The median ROA % among Tobacco Products companies is 6.68, based on 49 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. VST Industries's current ROA % of 23.15% is 246.6% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on VST Industries and its competitors. For the Tobacco Products industry, the median ROA % is 6.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VST Industries's current ROA % is 23.15%, which is 17% above median its own 10-year median of 19.77. 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 ₹346.98, compared to a current price of ₹261.10 — trading 24.8% below its estimated fair value. The current ROA % is 23.15%, which is 17% above median its 10-year median of 19.77 and 246.6% above the Tobacco Products industry median of 6.68. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For VST Industries (NSE:VSTIND), the current ROA % is 23.15% 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 ₹346.98.
GuruFocus considers VST Industries to be Modestly Undervalued.
Key valuation signals for NSE:VSTIND:
ROA %: 23.15% (17% above median its 10-year median of 19.77)
GF Value™: ₹346.98 vs. price of ₹261.10 (24.8% below fair value)
Industry Position: 246.6% above the Tobacco Products median (#14 of 49)
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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