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 ₹ 288 Cr.
- Current Price ₹ 71.6
- High / Low ₹ 79.0 / 45.0
- Stock P/E 16.4
- Book Value ₹ 63.3
- Dividend Yield 0.98 %
- ROCE 3.83 %
- ROE 2.66 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Stock is trading at 1.13 times its book value
- Company has been maintaining a healthy dividend payout of 26.6%
- Debtor days have improved from 32.9 to 24.3 days.
Cons
- The company has delivered a poor sales growth of 4.86% over past five years.
- Company has a low return on equity of 3.92% over last 3 years.
* 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
Sector: Textiles Industry: Textiles - Processing
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
117 | 143 | 169 | 168 | 154 | 150 | 165 | 160 | 161 | 143 | 194 | 209 | 197 | |
103 | 121 | 147 | 155 | 140 | 140 | 150 | 145 | 144 | 126 | 171 | 192 | 171 | |
Operating Profit | 13 | 22 | 22 | 13 | 14 | 11 | 14 | 15 | 16 | 16 | 23 | 17 | 26 |
OPM % | 12% | 15% | 13% | 8% | 9% | 7% | 9% | 9% | 10% | 11% | 12% | 8% | 13% |
3 | 3 | 3 | 3 | 5 | 9 | 5 | 7 | 9 | 5 | 5 | 6 | 8 | |
Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Depreciation | 8 | 9 | 9 | 5 | 5 | 7 | 7 | 7 | 8 | 8 | 9 | 10 | 10 |
Profit before tax | 8 | 16 | 16 | 11 | 14 | 12 | 12 | 14 | 16 | 12 | 18 | 12 | 23 |
Tax % | 17% | 23% | 28% | 28% | 33% | 34% | 35% | 27% | 26% | 21% | 18% | 26% | |
6 | 12 | 11 | 8 | 9 | 8 | 8 | 10 | 12 | 10 | 15 | 9 | 18 | |
EPS in Rs | 1.56 | 3.06 | 2.81 | 1.98 | 2.32 | 2.04 | 1.94 | 2.54 | 3.01 | 2.43 | 3.70 | 2.27 | 4.37 |
Dividend Payout % | 26% | 23% | 25% | 32% | 32% | 37% | 39% | 35% | 30% | 25% | 24% | 31% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 5% |
3 Years: | 9% |
TTM: | -6% |
Compounded Profit Growth | |
---|---|
10 Years: | -6% |
5 Years: | 4% |
3 Years: | -14% |
TTM: | 52% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 22% |
3 Years: | 46% |
1 Year: | 53% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 4% |
3 Years: | 4% |
Last Year: | 3% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Reserves | 92 | 101 | 109 | 115 | 121 | 175 | 182 | 193 | 199 | 215 | 230 | 241 | 251 |
1 | 2 | 2 | 7 | 4 | 10 | 11 | 8 | 10 | 10 | 7 | 4 | 7 | |
13 | 10 | 13 | 12 | 12 | 21 | 17 | 15 | 24 | 20 | 23 | 20 | 33 | |
Total Liabilities | 110 | 118 | 129 | 139 | 141 | 210 | 214 | 221 | 237 | 249 | 264 | 269 | 295 |
53 | 56 | 49 | 47 | 44 | 91 | 85 | 88 | 96 | 99 | 97 | 95 | 93 | |
CWIP | 0 | 2 | 2 | 2 | 3 | 0 | 7 | 0 | 0 | 3 | 0 | 0 | 0 |
Investments | 3 | 0 | 17 | 34 | 0 | 69 | 25 | 65 | 79 | 85 | 90 | 106 | 103 |
54 | 59 | 60 | 56 | 94 | 50 | 96 | 68 | 62 | 62 | 78 | 69 | 99 | |
Total Assets | 110 | 118 | 129 | 139 | 141 | 210 | 214 | 221 | 237 | 249 | 264 | 269 | 295 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
31 | 12 | -0 | -3 | 33 | 17 | 1 | 10 | 25 | 11 | 7 | 22 | |
-7 | -11 | -0 | -5 | -2 | -61 | 5 | -3 | -20 | -9 | -1 | -13 | |
-7 | -4 | 1 | 1 | 1 | 4 | -4 | -7 | -7 | -1 | -7 | -7 | |
Net Cash Flow | 17 | -3 | 0 | -7 | 32 | -39 | 3 | -1 | -2 | 1 | -1 | 2 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 45 | 53 | 34 | 38 | 56 | 50 | 57 | 55 | 38 | 44 | 31 | 24 |
Inventory Days | 71 | 67 | 75 | 72 | 82 | 74 | 74 | 94 | 102 | 91 | 116 | 76 |
Days Payable | 11 | 8 | 10 | 7 | 7 | 15 | 11 | 6 | 29 | 6 | 25 | 13 |
Cash Conversion Cycle | 105 | 112 | 100 | 103 | 130 | 108 | 120 | 143 | 110 | 128 | 122 | 87 |
Working Capital Days | 83 | 96 | 75 | 81 | 106 | 89 | 102 | 113 | 89 | 120 | 111 | 87 |
ROCE % | 8% | 16% | 14% | 8% | 9% | 8% | 5% | 6% | 7% | 5% | 6% | 4% |
Documents
Announcements
- Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011 1d
- Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011 29 Feb
- Board Meeting Outcome for Outcome Of Board Meeting - Unaudited Financial Results For The Quarter Ended 31St December 2023 7 Feb
- Board Meeting Intimation for Considering And Take On Record The Unaudited Financial Results Of The Company For The Quarter Ended 31St December 2023. 25 Jan
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
18 Jan - Compliance Certificate under regulation 74(5) of SEBI( LODR) for the Quarter ended December 2023.
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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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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Financial Year 2010
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Business Overview:[1][2]
VTM is a part of Thiagarajar group. It specializes in manufacturing of grey weaving requirements and Greige & Processed Fabrics, for export and domestic markets. Company deals in Speciality fabrics like Structured, Dobby, Plain, Twill, Satin and Jacquard designs produced from 38” to 144” width.