The Vazir Sultan Tobacco Company Limited was incorporated on 10th November, 1930, under the Hyderabad Companies Act No. IV of 1320 Fasli and now governed under the Companies Act, 1956/2013.
The name of the Company was subsequently changed to VST Industries Limited on 30th April, 1983. The Company has its Registered Office at Azamabad, Hyderabad.
The Company has a manufacturing facility at Hyderabad and Toopran (Telangana) and its principal activities are manufacture & sale of cigarettes and unmanufactured tobacco.It is the third largest cigarette manufacturing company in India.
VST Industry’s product range includes cigarettes, unmanufactured tobacco, cut tobacco and other articles of paper and paper board.The major brands of the company include Charminar, Charminar Special Filter, Charms Mini Kings and Charms Virginia Filter, XL Filter and Shaan. The company`s products are targeted at the lower end of the market and have dominance in the small-sized (less than 60 mm) micro segment.
VST Industries Ltd is a Mid Cap company with a market capital of Rs 4866.06 Crore. As on 31-03-2020, the company has a total of 15,441,920 shares outstanding.
For the quarter ended 31-03-2020, the VST Industries has reported a standalone sale of Rs 291.34 Crore (which is down by 15.09 % from last quarter sales of Rs 343.12 Crore).
Net profit of VST Industries rose 33.15% to Rs 70.61 crore in the quarter ended March 2020 as against Rs 53.03 crore during the previous quarter ended March 2019.
For the full year, net profit rose 34.05% to Rs 304.09 crore in the year ended March 2020 as against Rs 226.84 crore during the previous year ended March 2019. Sales rose 12.80% to Rs 1238.05 crore in the year ended March 2020 as against Rs 1097.61 crore during the previous year ended March 2019.
Mr. Devraj Lahiri is the Managing Director and Mr. Naresh Kumar Sethiis the Chairman of the company.
If you find any mistake please contact the firstname.lastname@example.org. This article is general in nature. It does not constitute a recommendation to buy and sell any stock, and does not take account of your objectives, or your financial situation. Largecapindia has no position in the stocks mentioned.
Largecapindia aim to bring you long term focused research analysis driven by fundamental thanks you.
For More Info : https://www.largecapindia.com