VTM Ltd
Incorporated in 1951, VTM Ltd is in the
business of weaving and caters to
special fabric manufacturing in fine counts
and complex specifications[1]
- Market Cap ₹ 893 Cr.
- Current Price ₹ 88.8
- High / Low ₹ 104 / 26.5
- Stock P/E 20.5
- Book Value ₹ 30.5
- Dividend Yield 0.97 %
- ROCE 19.5 %
- ROE 15.3 %
- Face Value ₹ 1.00
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 2.81 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
Quarterly Results
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
169 | 168 | 154 | 150 | 165 | 160 | 161 | 143 | 194 | 209 | 208 | 345 | |
147 | 155 | 140 | 140 | 150 | 145 | 144 | 126 | 171 | 192 | 182 | 278 | |
Operating Profit | 22 | 13 | 14 | 11 | 14 | 15 | 16 | 16 | 23 | 17 | 26 | 67 |
OPM % | 13% | 8% | 9% | 7% | 9% | 9% | 10% | 11% | 12% | 8% | 12% | 19% |
3 | 3 | 5 | 9 | 5 | 7 | 9 | 5 | 5 | 6 | 7 | 5 | |
Interest | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
Depreciation | 9 | 5 | 5 | 7 | 7 | 7 | 8 | 8 | 9 | 10 | 9 | 9 |
Profit before tax | 16 | 11 | 14 | 12 | 12 | 14 | 16 | 12 | 18 | 12 | 23 | 61 |
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 | |
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 |
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: | 66% |
Compounded Profit Growth | |
---|---|
10 Years: | 20% |
5 Years: | 34% |
3 Years: | 54% |
TTM: | 209% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | 62% |
3 Years: | 69% |
1 Year: | 220% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Reserves | 109 | 115 | 121 | 175 | 182 | 193 | 199 | 215 | 230 | 241 | 259 | 302 |
2 | 7 | 4 | 10 | 11 | 8 | 10 | 10 | 7 | 4 | 4 | 41 | |
13 | 12 | 12 | 21 | 17 | 15 | 24 | 20 | 23 | 20 | 31 | 35 | |
Total Liabilities | 129 | 139 | 141 | 210 | 214 | 221 | 237 | 249 | 264 | 269 | 298 | 383 |
49 | 47 | 44 | 91 | 85 | 88 | 96 | 99 | 97 | 95 | 98 | 108 | |
CWIP | 2 | 2 | 3 | 0 | 7 | 0 | 0 | 3 | 0 | 0 | 1 | 2 |
Investments | 17 | 34 | 0 | 69 | 25 | 65 | 79 | 85 | 90 | 106 | 88 | 67 |
60 | 56 | 94 | 50 | 96 | 68 | 62 | 62 | 78 | 69 | 112 | 205 | |
Total Assets | 129 | 139 | 141 | 210 | 214 | 221 | 237 | 249 | 264 | 269 | 298 | 383 |
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 | 81 | 106 | 89 | 102 | 113 | 89 | 120 | 111 | 87 | 148 | 182 |
ROCE % | 14% | 8% | 9% | 8% | 5% | 6% | 7% | 5% | 6% | 4% | 7% | 19% |
Documents
Announcements
-
Minutes Of The Resolutions Passed By Way Of Postal Ballot Through Remote E-Voting Process
20 Jun - Shareholders approved bonus shares (3:2), increased authorized capital to ₹11 Cr, and altered Articles and Memorandum.
- Corporate Action - Record Date For Dividend Purpose - As Per The Previous Intimation- 20.06.2025 19 Jun
-
The Company Has Decided To Close Its Books For AGM And Dividend Purpose From 21St June 2025 To 02Nd July 2025. The Same Has Been Informed On 29Th May 2025.
17 Jun - Board recommends Rs.0.75 dividend/share for FY24-25; AGM on 02 Jul; book closure 21 Jun-02 Jul.
- Corporate Action-Board to consider Bonus Issue 13 Jun
-
Board Meeting Outcome for Revised Outcome
13 Jun - VTM Limited allotted 6.03 crore bonus shares in 3:2 ratio, increasing paid-up capital to 10.05 crore shares.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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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”.