The share of this automobile company gained 8.7 percent after the company Unveiled 3 New Tractors at Agritechnica 2023.
V.S.T. Tillers Tractors Ltd. is a small-cap company with a market capitalization of Rs 3,541.77 crore, On Thursday, the shares closed at Rs 4,099.50 a share, an increase of 8.7 percent from the previous close price.
According to the exchange filing, V.S.T.Tillers Tractors Ltd. showcased 3 brand new Indigenously developed electric tractors at the Agritechnica 2023 at Hanover in Germany. The 3 products, 929 EV, 932 DI with Stage V engine, and 929 with HST Transmission, VST has been already supplying EV solutions for agricultural machines and drive trains for electric tractors to leading farm equipment manufacturers in the US.
The largest trade show for agricultural machinery worldwide is called Agritechnica. At the Hanover venue, every agricultural machinery company with a global presence is represented. providing the international crop and arable farming community with the most extensive and varied trade show program
Examining the business’s financials, the company’s revenue increased 18 percent from Rs. 234.15 crores in Q2FY23 to Rs 278.51 crores in Q2FY24. During the same period, Net Profit increased by 60 percent from Rs 22.74 crores to Rs 36.45 crores.
V.S.T.Tillers Tractors Ltd. reported return ratios in the recent financial year with a return on equity (ROE) of 11.74 percent and a return on capital employed (ROCE) of 16 percent.
V.S.T.Tillers Tractors Ltd.’s recent shareholding pattern, The Promoters of the company own 25.12 percent while Retail shareholders own a 55.57 percent stake in the company and Foreign Institutional Investors own 2.07 percent stake.
V.S.T.Tillers Tractors Ltd offers power tillers that are lightweight and compact farm machinery and are particularly beneficial to small and marginal farmers.
Written By:- Abhishek Singh
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