With a market capitalization of ₹ 5048 crores, VST Industries is a small-cap company engaged in the manufacturing and trading of cigarettes containing tobacco and unmanufactured tobacco products.
Ace investor Radhakishan Damani holds a whopping 32.89% stake in the company, as per its latest shareholding pattern. He holds 4,741,720 shares that are worth ₹ 1,559.1 crores. At 01:34 PM on Thursday, the company’s shares were trading at ₹ 3,281.65 apiece.
The board of directors of VST Industries in their meeting held on April 25, 2023, recommended a final dividend of ₹ 150 per share of ₹ 10 each. The dividend will be dispatched within 30 days from the date of approval of the shareholder at the ensuing Annual General Meeting.
In July 2022, the company paid a dividend of ₹ 140.00 apiece or 1400% of its face value of ₹ 10. Moreover, it paid a dividend of ₹ 114.00 or 1140% of its face value in July 2021.
VST Industries has a high return on equity of 29.01% and a high dividend yield of 4.27%. The company has paid 22 dividends since 2001.
The company recently reported a total income of ₹ 405.16 crores for the quarter ended March 31, 2023, as compared to ₹ 417.70 crores in the corresponding quarter last year, indicating a decline of 3.00%. It posted a net profit of ₹ 68.70 crores in the latest quarter, down by 21.21% year on year (YoY) from ₹ 87.19 crores reported in the corresponding quarter last year.
Retail investors hold a 49.33% stake in the company, followed by its promoters with 32.16%, mutual funds with 15.22%, other domestic institutions with 1.65% and foreign institutions with 1.64%.
Written by Simran Bafna
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