Showing posts with label edition. Show all posts
Showing posts with label edition. Show all posts

Monday, 16 December 2019

VST Industries Valuation: Smokin' Hot

The Vazir Sultan Tobacco Company or 'VST Industries' for short, is an age-old player in the Cigarette and Tobacco products market in India. The on-going lull in the economy has impacted the Sales volume of this industry as well. But with a hard-to-quite habit like smoking, the runway enjoyed by this industry is virtually limitless. But this does come with severe restrictions in terms of reinvestment, advertisement and punishing taxation by the Government of India.