BSE: 532893 | NSE: VTMLTD | Textile - Weaving | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that VTM Ltd is a below average quality company.
The key valuation ratios of VTM Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of VTM Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 9.4% | 11.1% | 9.1% | 7.5% | 7.5% | 8.3% | 6% | 8.1% | 5.4% | 9.5% | - |
| Value Creation Index ⓘ | -0.3 | -0.2 | -0.4 | -0.5 | -0.5 | -0.4 | -0.6 | -0.4 | -0.6 | -0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 168 | 154 | 148 | 165 | 160 | 161 | 143 | 194 | 209 | 208 | 247 |
| Sales YoY Gr. | - | -8.2% | -4.2% | 11.5% | -2.9% | 0.5% | -11.2% | 35.8% | 7.7% | -0.4% | - |
| Adj EPS ⓘ | 1.7 | 1.8 | 2.4 | 1.3 | 2.1 | 2.6 | 2.1 | 3.5 | 2.1 | 4.3 | 5.8 |
| YoY Gr. | - | 4.1% | 34.8% | -47.9% | 65.6% | 24.2% | -19.5% | 68.1% | -38.5% | 98.6% | - |
| BVPS (₹) ⓘ | 29.5 | 30.9 | 33.4 | 46.2 | 49.1 | 50.6 | 54.5 | 58.3 | 61 | 65.4 | 68.8 |
| Adj Net Profit ⓘ | 6.9 | 7.2 | 9.7 | 5 | 8.3 | 10.4 | 8.3 | 14 | 8.6 | 17.1 | 23 |
| Cash Flow from Ops. ⓘ | -4.1 | 35.9 | -26.4 | 1.4 | 9.7 | 25.1 | 11.3 | 7.1 | 21.5 | -12.4 | - |
| Debt/CF from Ops. ⓘ | -1.7 | 0.1 | -0.4 | 7.9 | 0.8 | 0.4 | 0.9 | 0.9 | 0.2 | -0.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 2.4% | 5.4% | 13.4% | -0.4% | ||||
| Adj EPS ⓘ | 10.7% | 15.5% | 27.1% | 98.6% | ||||
| BVPSⓘ | 9.3% | 5.9% | 6.3% | 7.3% | ||||
| Share Price | 13.3% | 27.5% | 28.4% | 39.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 5.9 | 5.9 | 7.4 | 3.1 | 4.3 | 5.2 | 3.9 | 6.2 | 3.6 | 6.7 | 8.6 |
| Op. Profit Mgn % ⓘ | 7.9 | 9.2 | 7.4 | 8.8 | 9.5 | 10.4 | 11.5 | 12 | 8.2 | 12.5 | 13.2 |
| Net Profit Mgn % ⓘ | 4.1 | 4.6 | 6.5 | 3.1 | 5.2 | 6.5 | 5.8 | 7.2 | 4.1 | 8.2 | 9.4 |
| Debt to Equity ⓘ | 0.1 | 0 | 0.1 | 0.1 | 0 | 0.1 | 0.1 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 99 | 118 | 125 | 117 | 138 | 142 | 153 | 127 | 124 | 154 | 112 |
| Cash Conv. Cycle ⓘ | 81 | 98 | 101 | 92 | 109 | 100 | 98 | 83 | 77 | 92 | 88 |
Return on Equity has increased versus last 3 years average to 8.60%
Sales growth is growing at healthy rate in last 3 years 13.40%
Net Profit is growing at healthy rate in last 3 years 27.10%
Sales growth is good in last 4 quarters at 26.61%
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5.8 | - |
| TTM Sales (₹ Cr.) | 247 | - |
| BVPS (₹.) ⓘ | 68.8 | - |
| Reserves (₹ Cr.) ⓘ | 273 | - |
| P/BV ⓘ | 1.25 | - |
| PE ⓘ | 14.92 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 55.71 / 93.79 |
| All Time Low / High (₹) | 2.80 / 93.79 |
| Market Cap (₹ Cr.) | 345 |
| Equity (₹ Cr.) | 4 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 19.1 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 168 | 154 | 148 | 165 | 160 | 161 | 143 | 194 | 209 | 208 |
| Operating Expenses ⓘ | 155 | 140 | 137 | 150 | 145 | 144 | 126 | 171 | 192 | 182 |
| Manufacturing Costs | 21 | 22 | 19 | 17 | 18 | 16 | 13 | 16 | 17 | 28 |
| Material Costs | 119 | 103 | 102 | 115 | 109 | 109 | 97 | 133 | 153 | 127 |
| Employee Cost | 9 | 10 | 10 | 12 | 11 | 12 | 10 | 12 | 13 | 15 |
| Other Costs ⓘ | 5 | 5 | 5 | 6 | 7 | 7 | 6 | 10 | 8 | 11 |
| Operating Profit ⓘ | 13 | 14 | 11 | 14 | 15 | 16 | 16 | 23 | 17 | 26 |
| Operating Profit Margin (%) | 7.9% | 9.1% | 7.4% | 8.8% | 9.5% | 10.2% | 11.5% | 11.9% | 8.2% | 12.5% |
| Other Income ⓘ | 3 | 5 | 16 | 5 | 7 | 9 | 5 | 5 | 6 | 7 |
| Interest ⓘ | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation ⓘ | 5 | 5 | 7 | 7 | 7 | 8 | 8 | 9 | 10 | 9 |
| Exceptional Items ⓘ | 0 | 0 | -7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 11 | 14 | 12 | 12 | 14 | 16 | 12 | 18 | 12 | 23 |
| Tax ⓘ | 3 | 5 | 2 | 4 | 4 | 4 | 3 | 3 | 3 | 5 |
| Profit After Tax | 8 | 9 | 10 | 8 | 10 | 12 | 10 | 15 | 9 | 18 |
| PAT Margin (%) | 4.7% | 6.0% | 6.8% | 4.7% | 6.4% | 7.5% | 6.9% | 7.7% | 4.4% | 8.8% |
| Adjusted EPS (₹) | 2.0 | 2.3 | 2.5 | 1.9 | 2.5 | 3.0 | 2.4 | 3.7 | 2.3 | 4.6 |
| Dividend Payout Ratio (%) | 32% | 27% | 30% | 39% | 35% | 30% | 25% | 24% | 31% | 22% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 119 | 125 | 135 | 186 | 198 | 203 | 219 | 234 | 245 | 263 |
| Share Capital ⓘ | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves ⓘ | 115 | 121 | 131 | 182 | 193 | 199 | 215 | 230 | 241 | 259 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 7 | 3 | 7 | 8 | 5 | 6 | 6 | 4 | 2 | 3 |
| Long Term Debt | 5 | 3 | 7 | 8 | 5 | 6 | 6 | 4 | 2 | 1 |
| Short Term Debt | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Trade Payables | 2 | 2 | 4 | 3 | 2 | 9 | 2 | 9 | 6 | 16 |
| Others Liabilities ⓘ | 10 | 12 | 14 | 17 | 16 | 19 | 22 | 17 | 16 | 16 |
| Total Liabilities ⓘ | 139 | 141 | 160 | 214 | 221 | 237 | 249 | 264 | 269 | 298 |
Fixed Assets | ||||||||||
| Gross Block | 164 | 166 | 174 | 83 | 91 | 107 | 118 | 125 | 132 | 144 |
| Accumulated Depreciation | 117 | 122 | 117 | -3 | 4 | 11 | 18 | 28 | 37 | 46 |
| Net Fixed Assetsⓘ | 47 | 44 | 57 | 85 | 88 | 96 | 99 | 97 | 95 | 98 |
| CWIP ⓘ | 2 | 3 | 3 | 7 | 0 | 0 | 3 | 0 | 0 | 1 |
| Investmentsⓘ | 34 | 0 | 49 | 25 | 65 | 79 | 85 | 90 | 106 | 88 |
| Inventories | 23 | 23 | 21 | 23 | 28 | 30 | 24 | 42 | 32 | 58 |
| Trade Receivables | 17 | 23 | 20 | 26 | 24 | 17 | 17 | 16 | 14 | 25 |
| Cash Equivalents | 9 | 41 | 2 | 39 | 4 | 2 | 3 | 2 | 3 | 2 |
| Others Assetsⓘ | 6 | 6 | 7 | 8 | 12 | 14 | 18 | 18 | 20 | 27 |
| Total Assets ⓘ | 139 | 141 | 160 | 214 | 221 | 237 | 249 | 264 | 269 | 298 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -4 | 36 | -26 | 1 | 10 | 25 | 11 | 7 | 22 | -12 |
| PBT ⓘ | 11 | 14 | 12 | 12 | 14 | 16 | 12 | 18 | 12 | 23 |
| Adjustment ⓘ | 4 | 4 | 0 | 3 | 2 | 0 | 4 | 6 | 6 | 3 |
| Changes in Working Capital ⓘ | -15 | 25 | -36 | -9 | -3 | 13 | -2 | -12 | 7 | -33 |
| Tax Paid ⓘ | -4 | -7 | -2 | -4 | -3 | -5 | -3 | -5 | -3 | -6 |
| Cash Flow From Investing Activity ⓘ | -2 | -2 | -12 | 5 | -3 | -20 | -9 | -1 | -13 | 16 |
| Capex | -3 | -4 | -20 | -7 | -1 | -14 | -13 | -3 | -7 | -12 |
| Net Investments | 0 | 0 | 0 | 12 | -4 | -8 | 4 | 2 | -7 | 27 |
| Others ⓘ | 1 | 2 | 8 | 1 | 2 | 2 | 0 | 1 | 1 | 1 |
| Cash Flow From Financing Activityⓘ | -1 | -2 | -1 | -4 | -7 | -7 | -1 | -7 | -7 | -5 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 1 | -3 | 1 | 0 | -4 | -2 | -2 |
| Interest Paid ⓘ | 0 | 0 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | -3 | -4 | -9 | 0 | -2 | -4 | -4 |
| Others ⓘ | -1 | -2 | 0 | -1 | 0 | 1 | 0 | 0 | 0 | 2 |
| Net Cash Flow ⓘ | -7 | 32 | -39 | 3 | -1 | -2 | 1 | -1 | 2 | -2 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 6.88 | 7.67 | 7.75 | 4.86 | 5.33 | 6.04 | 4.63 | 6.57 | 3.81 | 7.2 |
| ROCE (%) | 9.37 | 11.06 | 9.13 | 7.5 | 7.53 | 8.34 | 5.97 | 8.14 | 5.37 | 9.46 |
| Asset Turnover Ratio | 1.26 | 1.1 | 0.98 | 0.88 | 0.74 | 0.7 | 0.59 | 0.75 | 0.78 | 0.73 |
| PAT to CFO Conversion(x) | -0.5 | 4 | -2.6 | 0.13 | 1 | 2.08 | 1.1 | 0.47 | 2.44 | -0.67 | Working Capital Days |
| Receivable Days | 36 | 48 | 54 | 51 | 57 | 46 | 43 | 31 | 26 | 34 |
| Inventory Days | 51 | 56 | 55 | 49 | 59 | 66 | 70 | 63 | 65 | 79 |
| Payable Days | 8 | 8 | 12 | 12 | 9 | 18 | 20 | 15 | 17 | 32 |
The legacy of VTM Ltd. goes back to the year 1946, an age when the textile industry in India was predominantly dormant. The company is a part of the Thiagarajar group, one that is renowned for its ingrained presence in the textile industry. The group also has a distinct identity in different fields.
One of the founding principles of the company back then was to set standards in weaving. This vision was achieved by ensuring that the best of weaving technology was always available to it.
Today, the company is a well-established group with unique capabilities that allow it to cater to exotic constructions in weaving. It has also expanded its capabilities to include special weaves and combinations.
The company brings six decades of expertise to the fabric manufacturing business. Their expertise has been honed by their investments in the three pillars that form the edifice of their business: people, infrastructure and technology. This consistent investment has in turn allowed them to reap the benefits of being in tune with the evolving demands of the textile industry.
Their manufacturing unit is located at Virudhunagar, South India, a well- connected destination through rail and road. Virudhunagar is also centrally located to the cream of yarn manufacturers and thus gives them the benefit of a relentless supply of raw material for their process.
Product range of the company includes:
The company principally addresses the manufacturing needs of grey fabric. In addition to this, it also has the expertise and know-how to address different construction specifications in fabric manufacturing.
Achievements/ recognition:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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