VTM Ltd

VTM Ltd

₹ 69.1 -0.03%
14 Jun - close price
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 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.

  • Market Cap 278 Cr.
  • Current Price 69.1
  • High / Low 79.0 / 50.2
  • Stock P/E 15.2
  • Book Value 65.4
  • Dividend Yield 1.09 %
  • ROCE 9.45 %
  • ROE 7.20 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Stock is trading at 1.06 times its book value

Cons

  • The company has delivered a poor sales growth of 5.41% over past five years.
  • Company has a low return on equity of 5.09% over last 3 years.
  • Debtor days have increased from 32.9 to 43.8 days.
  • Working capital days have increased from 143 days to 231 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

Sector: Textiles Industry: Textiles - Processing

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
42.63 27.57 51.66 60.19 54.33 54.72 51.46 49.33 53.21 46.11 47.06 51.03 63.77
38.19 23.69 45.26 53.93 47.73 48.38 47.89 46.65 48.63 39.46 38.70 44.18 59.63
Operating Profit 4.44 3.88 6.40 6.26 6.60 6.34 3.57 2.68 4.58 6.65 8.36 6.85 4.14
OPM % 10.42% 14.07% 12.39% 10.40% 12.15% 11.59% 6.94% 5.43% 8.61% 14.42% 17.76% 13.42% 6.49%
0.48 2.30 1.70 0.52 0.65 0.99 1.61 1.43 1.75 2.66 1.66 1.48 1.51
Interest 0.09 0.23 0.27 0.27 0.28 0.22 0.22 0.23 0.16 0.28 0.13 0.25 0.29
Depreciation 2.05 2.26 2.31 2.29 2.33 2.33 2.50 2.50 2.48 2.57 2.64 2.08 1.61
Profit before tax 2.78 3.69 5.52 4.22 4.64 4.78 2.46 1.38 3.69 6.46 7.25 6.00 3.75
Tax % 2.52% 27.91% 26.99% 28.91% -12.28% 23.43% 37.80% 18.12% 23.85% 20.59% 30.62% 23.17% 5.87%
2.71 2.66 4.02 3.00 5.21 3.66 1.54 1.13 2.82 5.12 5.04 4.61 3.52
EPS in Rs 0.67 0.66 1.00 0.75 1.30 0.91 0.38 0.28 0.70 1.27 1.25 1.15 0.88
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
143 169 168 154 150 165 160 161 143 194 209 208
121 147 155 140 140 150 145 144 126 171 192 182
Operating Profit 22 22 13 14 11 14 15 16 16 23 17 26
OPM % 15% 13% 8% 9% 7% 9% 9% 10% 11% 12% 8% 12%
3 3 3 5 9 5 7 9 5 5 6 7
Interest 0 0 0 0 1 1 1 1 1 1 1 1
Depreciation 9 9 5 5 7 7 7 8 8 9 10 9
Profit before tax 16 16 11 14 12 12 14 16 12 18 12 23
Tax % 23% 28% 28% 33% 34% 35% 27% 26% 21% 18% 26% 22%
12 11 8 9 8 8 10 12 10 15 9 18
EPS in Rs 3.06 2.81 1.98 2.32 2.04 1.94 2.54 3.01 2.43 3.70 2.27 4.55
Dividend Payout % 23% 25% 32% 32% 37% 39% 35% 30% 25% 24% 31% -0%
Compounded Sales Growth
10 Years: 2%
5 Years: 5%
3 Years: 13%
TTM: 0%
Compounded Profit Growth
10 Years: 5%
5 Years: 17%
3 Years: 31%
TTM: 186%
Stock Price CAGR
10 Years: 15%
5 Years: 21%
3 Years: 34%
1 Year: 31%
Return on Equity
10 Years: 5%
5 Years: 5%
3 Years: 5%
Last Year: 7%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 4 4 4 4 4 4 4 4 4 4 4 4
Reserves 101 109 115 121 175 182 193 199 215 230 241 259
2 2 7 4 10 11 8 10 10 7 4 4
10 13 12 12 21 17 15 24 20 23 20 32
Total Liabilities 118 129 139 141 210 214 221 237 249 264 269 298
56 49 47 44 91 85 88 96 99 97 95 98
CWIP 2 2 2 3 -0 7 0 0 3 -0 0 1
Investments 0 17 34 0 69 25 65 79 85 90 106 88
59 60 56 94 50 96 68 62 62 78 69 112
Total Assets 118 129 139 141 210 214 221 237 249 264 269 298

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
12 -0 -3 33 17 1 10 25 11 7 22 -12
-11 -0 -5 -2 -61 5 -3 -20 -9 -1 -13 16
-4 1 1 1 4 -4 -7 -7 -1 -7 -7 -5
Net Cash Flow -3 0 -7 32 -39 3 -1 -2 1 -1 2 -2

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 53 34 38 56 50 57 55 38 44 31 24 44
Inventory Days 67 75 72 82 74 74 94 102 91 116 76 168
Days Payable 8 10 7 7 15 11 6 29 6 25 13 47
Cash Conversion Cycle 112 100 103 130 108 120 143 110 128 122 87 165
Working Capital Days 96 75 81 106 89 102 113 89 120 111 87 231
ROCE % 16% 14% 8% 9% 8% 5% 6% 7% 5% 6% 4%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
75.00% 75.00% 75.00% 75.00% 75.00% 74.99% 74.99% 74.99% 75.00% 75.00% 75.00% 74.99%
25.00% 25.00% 25.00% 25.00% 25.00% 25.01% 25.00% 25.00% 24.99% 25.00% 25.00% 25.01%
No. of Shareholders 4,3184,1384,0594,3465,4515,1144,7564,5784,4174,6754,3044,472

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