VST Industries Ltd.

Financial

	VST Industries	Golden Tobacco	Godfrey Phillips
Operational Metrics
Unclassified
Advertisement Spend as a % of Total Sales	1.45 %	n/a	2.1 %
Financials
5 yr Average ROE	24.84 %	0.08 %	15.87 %
5yr average Equity Multiplier	1.94	-1.0	1.43
5yr Average Asset Turnover Ratio	0.86	0.25	0.76
5yr Avg Net Profit Margin	15.2 %	-8.42 %	14.88 %
Price to Book	5.02	0.0	5.19
P/E	20.84	10.7	24.89
5yr Avg Cash Conversion Cycle	-171.21 Days	24.95 Days	24.38 Days
Inventory Days	34.56 Days	150.66 Days	82.07 Days
Days Receivable	3.15 Days	14.14 Days	12.95 Days
Days Payable	323.1 Days	523.93 Days	73.08 Days
5yr Average Interest Coverage Ratio	1289.54	1.42	96.07
5yr Avg ROCE	42.75 %	-5.34 %	19.18 %
5yr Avg Operating Profit Margin	28.55 %	11.55 %	24.96 %
5 yr average Debt to Equity	0.0	-0.05	0.02
5yr CAGR Net Profit	6.91 %	n/a	21.54 %
5yr Average Return on Assets	12.87 %	1.18 %	11.09 %
Shareholdings
Promoter Holding	32.16 %	30.04 %	72.58 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	0.0	-0.2 %
Change in Mutual Fund Holding (3 Yrs)	-1.75 %	0.0	-0.26 %

Business

	VST Industries	Golden Tobacco	Godfrey Phillips
Product Wise Break-Up	Product Wise Break-Up Cigarettes 80.33 Unmanufactured Tobacco 19.67 Realty 0 Tobacco Products 0 Chewing Products 0 Cut Tobacco 0	Product Wise Break-Up Chewing Products 0 Cigarettes 0 Cut Tobacco 0 Tobacco 28.78 Real Estate 70.34 Unmanufactured Tobacco 0 Others 0.88	Product Wise Break-Up Chewing Products 0.48 Cigarettes 69.78 Cut Tobacco 0.59 Tobacco Products 0 Realty 0 Unmanufactured Tobacco 19.33 Others 9.82
Location Wise Break-Up	Location Wise Break-Up India 89.97 Rest of the World 10.03	-	Location Wise Break-Up India 62.0 Rest of the World 30.0 Others 8.0