Rs 25/Share Dividend: Small Cap Stock To Turn Ex-Dividend Soon For 250% Payout

VST Tillers Tractors is a small cap company dealing in the industrial sector. As a joint venture with Mitsubishi Heavy Industries Ltd., Japan, VST Tillers Tractors Ltd. was promoted by VST Motors. Today, the firm is India's top producer of power tillers. Over a ten-year period, the firm broadened its geographic reach to more than 20 nations and became the most popular brand of compact tractors. VST Tillers Tractors is a subsidiary of VST Group that was founded by Late Sri. V. S. Thiruvengadaswamy Mudaliar in 1911. The company has declared a final dividend of Rs 25 per share and the stock is going to trade ex-dividend tomorrow 25th August.

The company has recommended a final Dividend of Rs. 25 /- per equity share of Rs. 10/- each.

During Q1 FY 24, VST recorded a revenue of Rs. 246 crores which is the highest ever revenue for VST Tillers Tractors. For the first quarter of FY24, the company's earnings before interest, taxes, depreciation, and amortization (EBITDA) were Rs 49.84 crore, or 18.86% of revenue. EBITDA margin in the first quarter of last year was 8.10%. Profit After Tax (PAT) for the firm for the current quarter is Rs. 32.99 crores, or 3.28 times the PAT for Q1 of the previous year.

VST Tillers Tractors Share Price Target

VSTTILLERS is a small-cap company with a Cr. 2643 market cap value. It has delivered a 29% return YoY however its PE is 28, which is almost 45% discounted PE to its Sectors. 3160 was previous strong resistance for it. On The other hand, on technical aspects, Indicators like RSI and MACD are giving signals of bullish and trend continuation However a pullback is expected now but we should consider it as a dip buying. Fresh long positions can be initiated in the 3120 to 3020 range for target 3210 to 3800, said V.L.A. Ambala (SEBI Registered Research Analyst), Stock Market Today (SMT).

VST Tillers Tractors made a 52-week-high of Rs 3,215.00 on (24/08/2023) and a 52-week-low of Rs 2,046.55 on (12/10/2022).

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