VTM Ltd

VTM Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

VTM Ltd

₹ 89.7 -3.62%
21 Nov - close price
vtmill.com BSE: 532893
About

Incorporated in 1951, VTM Ltd is in the
business of weaving and caters to
special fabric manufacturing in fine counts
and complex specifications[1]

Key Points

Business Overview:[1][2]
VTM, part of the Thiagarajar Group, specializes in manufacturing grey weaving requirements and Greige & Processed Fabrics for export and domestic markets. The company offers specialty fabrics like Structured, Dobby, Plain, Twill, Satin, and Jacquard designs, with widths ranging from 38” to 144”.

Website BSE
  • Market Cap ₹ 902 Cr.
  • Current Price ₹ 89.7
  • High / Low ₹ 123 / 34.0
  • Stock P/E 24.2
  • Book Value ₹ 30.7
  • Dividend Yield 0.95 %
  • ROCE 19.5 %
  • ROE 15.3 %
  • Face Value ₹ 1.00
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 34.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 20.5%

Cons

  • Stock is trading at 2.93 times its book value
  • Company has a low return on equity of 8.22% over last 3 years.
  • Debtor days have increased from 48.7 to 78.2 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Textiles Textiles & Apparels Other Textile Products

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Figures in Rs. Crores

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
51.46 49.33 53.21 46.11 47.24 51.03 63.77 59.14 73.17 103.52 108.69 71.99 89.88
47.89 46.65 48.63 39.46 38.88 44.18 59.63 50.87 59.81 76.70 90.24 63.56 84.88
Operating Profit 3.57 2.68 4.58 6.65 8.36 6.85 4.14 8.27 13.36 26.82 18.45 8.43 5.00
OPM % 6.94% 5.43% 8.61% 14.42% 17.70% 13.42% 6.49% 13.98% 18.26% 25.91% 16.97% 11.71% 5.56%
1.61 1.43 1.75 2.66 1.66 1.48 1.51 1.34 2.08 0.51 0.90 0.87 1.16
Interest 0.22 0.23 0.16 0.28 0.13 0.25 0.29 0.18 0.28 0.35 0.99 0.40 0.40
Depreciation 2.50 2.50 2.48 2.57 2.64 2.08 1.61 2.27 2.32 2.33 2.50 2.79 2.85
Profit before tax 2.46 1.38 3.69 6.46 7.25 6.00 3.75 7.16 12.84 24.65 15.86 6.11 2.91
Tax % 37.80% 18.12% 23.85% 20.59% 30.62% 23.17% 5.87% 26.82% 23.91% 26.17% 23.27% 24.55% 20.27%
1.54 1.13 2.82 5.12 5.04 4.61 3.52 5.23 9.77 18.20 12.17 4.60 2.32
EPS in Rs 0.15 0.11 0.28 0.51 0.50 0.46 0.35 0.52 0.97 1.81 1.21 0.46 0.23
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
169 168 154 150 165 160 161 143 194 209 208 345 374
147 155 140 140 150 145 144 126 171 192 182 278 315
Operating Profit 22 13 14 11 14 15 16 16 23 17 26 67 59
OPM % 13% 8% 9% 7% 9% 9% 10% 11% 12% 8% 12% 19% 16%
3 3 5 9 5 7 9 5 5 6 7 5 3
Interest 0 0 0 1 1 1 1 1 1 1 1 2 2
Depreciation 9 5 5 7 7 7 8 8 9 10 9 9 10
Profit before tax 16 11 14 12 12 14 16 12 18 12 23 61 50
Tax % 28% 28% 33% 34% 35% 27% 26% 21% 18% 26% 22% 25%
11 8 9 8 8 10 12 10 15 9 18 45 37
EPS in Rs 1.12 0.79 0.93 0.82 0.77 1.02 1.20 0.97 1.48 0.91 1.82 4.51 3.71
Dividend Payout % 25% 32% 32% 37% 39% 35% 30% 25% 24% 31% 22% 9%
Compounded Sales Growth
10 Years: 7%
5 Years: 17%
3 Years: 21%
TTM: 51%
Compounded Profit Growth
10 Years: 20%
5 Years: 34%
3 Years: 54%
TTM: 61%
Stock Price CAGR
10 Years: 25%
5 Years: 62%
3 Years: 63%
1 Year: 159%
Return on Equity
10 Years: 6%
5 Years: 7%
3 Years: 8%
Last Year: 15%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 4 4 4 4 4 4 4 4 4 4 4 4 10
Reserves 109 115 121 175 182 193 199 215 230 241 259 302 298
2 7 4 10 11 8 10 10 7 4 4 41 36
13 12 12 21 17 15 24 20 23 20 31 35 50
Total Liabilities 129 139 141 210 214 221 237 249 264 269 298 383 394
49 47 44 91 85 88 96 99 97 95 98 108 105
CWIP 2 2 3 0 7 0 0 3 0 0 1 2 8
Investments 17 34 0 69 25 65 79 85 90 106 88 67 70
60 56 94 50 96 68 62 62 78 69 112 205 211
Total Assets 129 139 141 210 214 221 237 249 264 269 298 383 394

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-0 -3 33 17 1 10 25 11 7 22 -12 -38
-0 -5 -2 -61 5 -3 -20 -9 -1 -13 16 8
1 1 1 4 -4 -7 -7 -1 -7 -7 -5 31
Net Cash Flow 0 -7 32 -39 3 -1 -2 1 -1 2 -2 2

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 34 38 56 50 57 55 38 44 31 24 44 78
Inventory Days 75 72 82 74 74 94 102 91 116 76 168 185
Days Payable 10 7 7 15 11 6 29 6 25 13 47 27
Cash Conversion Cycle 100 103 130 108 120 143 110 128 122 87 165 236
Working Capital Days 75 77 106 89 102 113 89 110 107 84 143 139
ROCE % 14% 8% 9% 8% 5% 6% 7% 5% 6% 4% 7% 19%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
74.99% 74.99% 75.00% 75.00% 75.00% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.45% 1.31% 1.31%
25.00% 25.00% 24.99% 25.00% 25.00% 25.01% 25.01% 25.00% 25.01% 24.55% 23.71% 23.69%
No. of Shareholders 4,7564,5784,4174,6754,3044,4724,4424,5345,3625,5666,4157,043

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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