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VST Industries Ltd.

BSE: 509966 Sector: Consumer
NSE: VSTIND ISIN Code: INE710A01016
BSE 00:00 | 03 Aug 3238.25 -8.20
(-0.25%)
OPEN

3297.15

HIGH

3297.15

LOW

3207.35

NSE 00:00 | 03 Aug 3236.35 -11.30
(-0.35%)
OPEN

3265.00

HIGH

3300.00

LOW

3200.00

OPEN 3297.15
PREVIOUS CLOSE 3246.45
VOLUME 410
52-Week high 4856.45
52-Week low 2550.00
P/E 16.45
Mkt Cap.(Rs cr) 5,000
Buy Price 3200.00
Buy Qty 14.00
Sell Price 3500.00
Sell Qty 10.00
OPEN 3297.15
CLOSE 3246.45
VOLUME 410
52-Week high 4856.45
52-Week low 2550.00
P/E 16.45
Mkt Cap.(Rs cr) 5,000
Buy Price 3200.00
Buy Qty 14.00
Sell Price 3500.00
Sell Qty 10.00

VST Industries Ltd. (VSTIND) - Company History

VST (the erstwhile Vazir Sultan Tobacco Company) was incorporated in November 10th 1930 at Hyderabad AP. The Company has a factory in Secunderabad AP. Its plant location is at Azamabad in Hyderabad. The Company is engaged in manufacture and trading of cigarettes containing tobacco and tobacco products. In 1990 the company entered the United Arab Emirates market launching Kingston Mini Kings. To develop the export business it introduced fire-cured light-soil Burley and other non-traditional varieties of tobacco followed by another brand Kingston Dual Filter in 1991. In the same year it was accorded the status of an export house. It also acquired an import license for two sophisticated high-speed precision Log Max cigarette manufacturing machines from France. The company also exports agricultural products.VST's subsidiaries are Hallmark Tobacco Company Pvt Ltd VST Distribution Storage & Leasing Company Pvt Ltd (VDSL) and Tobacco Diversification Investments Pvt Ltd (TDIL). During the year 2004-05 Tobacco Diversification Investments Pvt Ltd amalgamated with VST Distribution Storage & Leasing Company which came into effect on 1st April 2004. The company has allotted 3030000 1% Unsecured Optionally Convertible Debentures of Rs 10 each in lieu of VST's holding in the TDIL in the ratio of 1:1.VST introduced Gold Premium Filter in Jul.'93. In 1992-93 it entered into a technical collaboration agreement with High Value Horticulture UK. It has signed an agreement with Science and Technology Ventures Israel. In 1994 the company incorporated VST Natural Products (formerly VST Agro Tech) to establish manufacturing facilities to process high value horticultural crops for export. In 1994-95 the company had launched two brands - Vijay Deluxe and Charminar Standard. VST is the largest exporter of cigarettes to the Middle East from India.SEBI cleared the open offer of Brightstar Investment to acquire 20% equity stake in the company. The Open Offer made by Bright Star Investments Ltd at Rs.112 per share was revised to Rs.151 per share and the counter offer made by Russell Credit Ltd at Rs.115 per share was also revised to Rs.125 per share respectively. Both these offers were closed in during June 2001.Processing lines of the company have been modernized during the year 2003-04 by inducting Hauni KT2 Stem Cutter to improve filling values and reduce tobacco wastage and New Design spillage free Cut Stem and Cut Lamina Auto feeds to reduce tobacco wastage in the year 2004-05.It also installed a new humidification system with auto controls on Relative Humidity to improve stored cut tobacco moisture consistency and freshness.In the year 2003-04 the secondary manufacturing department has also modernized by incorporated new Auto Feed Systems on individual making machines to ensure consistency of the product in. The secondary department have been modernized by inducting two Molmac MK9 MTF (one for filter and one for micros) New weight control systems (TEWS and MRK3) IPMs (individual parcellers) and installed new quality test modules to improve and maintain consistent product quality in the converted year 2004-05.During FY 2013-14 the Company successfully converted the cigarette making and packing machines by deploying in-house expertise subject to rapid growth in the value filter 64mm segments. In continuance with its tradition 143 workmen were trained during the year to improve their technical skills. Moreover world-class high-speed makers and packers were inducted in the shop floor as part of the Company's upgradation plan.