External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

External broker reports(aggregated public sources)

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<p>We remain positive on VST given its market leadership in power tiller segment domestically as well as penchant to grow in the higher hp tractor space and other farm machinery segment. Going forward, we build in sales, PAT CAGR of 14.4%, 8.5%, respectively. We retain BUY rating on the stock valuing it at Rs 2475, 20x P/E FY23 EPS (earlier TP Rs 2275). Capital efficient...</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

We remain positive on VST given its market leadership in power tiller segment domestically as well as penchant to grow in the higher hp tractor space and other farm machinery segment. Going forward, we build in sales, PAT CAGR of 14.4%, 8.5%, respectively. We retain BUY rating on the stock valuing it at Rs 2475, 20x P/E FY23 EPS (earlier TP Rs 2275). Capital efficient...Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

VST Tillers Tractors: Stable Performance, on Well Charted Growth Path

India

VST Tillers tractors Limited deals in petroleum products and automotive marketing and after sales service.  The Company also manufactures and promotes products for Mitsubishi Group, Japan.

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VST Tillers Tractors (VSTT IN)

VST Tillers Tractors: Stable Performance, on Well Charted Growth Path

We remain positive on VST given its market leadership in power tiller segment domestically as well as penchant to grow in the higher hp tractor...

ICICI Securities Limited

VST Tillers Tractors: Stable Performance, on Well Charted Growth Path

We remain positive on VST given its market leadership in power tiller segment domestically as well as penchant to grow in the higher hp tractor...

ICICI Securities Limited

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