AI Summary
✦ ClarthaVST Industries is an Indian tobacco manufacturer, marketer, and trader serving domestic and international markets. Cigarettes drive core revenue, while unmanufactured tobacco and other tobacco products provide additional sales. Revenue grew 4.7% year-on-year, but profit increased only 0.6%, indicating limited earnings conversion despite improving margins. No major recent development provides a clear catalyst for faster growth or further margin expansion. Improving margins support earnings quality, although the modest profit increase trails revenue growth. ROE and debt-to-equity data are unavailable, limiting assessment of capital efficiency and leverage effects. At 13.4 times earnings, the stock appears discounted relative to its sector context and offers valuation support. However, neutral sentiment and the absence of a near-term catalyst leave regulatory exposure, cigarette volume growth, and profit conversion as open questions.
Price Forecast
Probabilistic Range
Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.
Revenue Forecast
₹ CrEPS Forecast
₹ / shareMulti-factor synthesis of 5 key dimensions
Analyst coverage unavailable
Fundamentals
Fundamentals institutional score is 99 using growth durability 98.8.
Valuation
Valuation institutional score is 96 using relative multiple z-scores where peer dispersion is available.
Analyst Consensus
No usable analyst target or recommendation data was available.
Technical Structure
Technicals institutional score is 66 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.
Market Sentiment
This data source has not been supplied for the decision payload.
Signal Summary
Market intelligence remains Supportive. fundamentals and valuation provide support.
Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.
Key Data Points
Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.
Valuation Metrics
Trading 18.7% below historical median. Valuation is stable — currently in the strongly undervalued zone (z-score: -1.36). Confidence: 84%.
Live forward EPS implies next-12-month EPS of ₹20.00. Applying the stock's normalized valuation corridor produces a fair range of ₹301.40 to ₹364.80, with base value near ₹328.40 (+50.0% vs current price).
Live forward estimate anchored to the company's historical valuation corridor.
Forward EPS
₹20.00
Forward P/E
10.9x
Base Fair Value
₹328.40
Fair Range
₹301.40 - ₹364.80
Upside To Base
+50.0%
Estimate Source
Live forward EPS
Growth Estimate
-24.2%
5Y Average
16.21
Current
13.35
Overvalued
18.24
Undervalued
15.07
5Y Average
8.74
Current
7.20
Overvalued
9.39
Undervalued
7.92
5Y Average
3.17
Current
2.61
Overvalued
3.64
Undervalued
2.69
Peers & Comparison
Sector: Consumer Staples · Theme: FMCG - Tobacco
| Company | Rev. Growth | Margin | P/E | vs Avg | 52W Perf. |
|---|---|---|---|---|---|
TRIVENI ENGG. & INDS. LTD TRIVENISugar | -1.1% | 4.3% | 18.1x Premium | +16% vs avg | -28.6% |
KRBL LIMITED KRBLPackaged Foods & Meats | +5.8% | 10.6% | 13.1x Undervalued | -16% vs avg | -16.0% |
VST INDUSTRIES LTD trades in line with peers (13.4x vs avg 15.6x), reflecting a fair valuation within the Fmcg - Tobacco cohort. Peers include TRIVENI ENGG. & INDS. LTD, KRBL LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.
Financials
Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.
Latest revenue
₹457 CrMar 2026Latest net profit
₹117 CrMar 2026Latest EPS
₹6.87Mar 2026Net margin
31.7%Mar 2026Performance
Bars show revenue and net profit. The line shows net margin.
- Revenue
- Net income
- Net margin %
Earnings
Revenue is shown in crores. EPS is rupees per share.
- Revenue
- EPS
Revenue to profit conversion
Bridge from operating numbers to profit for the latest reported period.
Latest reported period: Mar 2026
Results
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 302 | 333 | 350 | 363 | 375 | 321 | 360 | 367 | 349 | 298 | 336 | 373 | 457 |
| Expenses | 220 | 228 | 271 | 290 | 278 | 248 | 292 | 299 | 280 | 221 | 258 | 288 | 249 |
| Operating Profit | 73.69 | 97.27 | 69.84 | 62.3 | 85.68 | 63.2 | 56.67 | 57.25 | 57.19 | 65.18 | 66.46 | 72.03 | 145 |
| OPM % | 24.42% | 29.18% | 19.98% | 17.18% | 22.84% | 19.67% | 15.74% | 15.59% | 16.38% | 21.88% | 19.77% | 19.29% | 31.74% |
| Other Income | 16.06 | 12.07 | 29.28 | 8.72 | 29.53 | 9.08 | 8.01 | 7.89 | 9.83 | 10.81 | 11.95 | 9.06 | 9.49 |
| Depreciation | 8.39 | 8.08 | 9.07 | 10.05 | 10.91 | 10.08 | 10.94 | 11.12 | 12.35 | 11.75 | 12.16 | 13.89 | 63.36 |
| Profit before tax | 89.75 | 109 | 99.12 | 71.02 | 115 | 72.28 | 64.68 | 65.14 | 67.02 | 75.99 | 78.41 | 81.09 | 155 |
| Tax % | 23.45% | 23.45% | 23.38% | 24.36% | 23.44% | 25.87% | 26.47% | 45.09% | 20.92% | 26.14% | 24.49% | 25.72% | 24.5% |
| Net Profit | 68.7 | 83.7 | 75.95 | 53.72 | 88.2 | 53.58 | 47.56 | 35.77 | 53 | 56.13 | 59.21 | 60.23 | 117 |
| EPS in Rs | 44.49 | 54.20 | 4.47 | 34.80 | 5.19 | 3.15 | 2.80 | 8.02 | 3.13 | 3.30 | 3.49 | 3.55 | 6.87 |
All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.