V.S.T Tillers Tractors Limited — Investor Meet, 25-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Management is cautious on FY27 outlook due to El Niño concerns and inflationary pressures, providing no formal guidance, though April-May performance was satisfactory.

The company focuses on scaling its small farm machinery business, especially electric tillers/weeders, and launching new compact and higher HP tractors. Global expansion includes a US launch by CY27 and new European operations in the Netherlands. Investments are strong, with ~₹600 crore, ₹50-60 crore annual R&D, and ₹100 crore for a global tech centre. They hold 70-75% market share in power tillers. New emission norms increased costs for >50 HP tractors, shifting demand. Management maintains a cautious but forward-looking stance amidst uncertainties.