VTM Ltd - Stock Valuation and Financial Performance

BSE: 532893 | NSE: VTMLTD | Textile - Weaving | Small Cap

VTM Share Price

70 2.11 3.11%
as on 18-Mar'24 16:59

DeciZen - make an informed investing decision on VTM

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

VTM stock performance -

mw4me loader
P/E Ratio (SA):
16.03
Market Cap:
281.8 Cr.
52-wk low:
44.1
52-wk high:
79

Is VTM Ltd an attractive stock to invest in?

1. Is VTM Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that VTM Ltd is a below average quality company.

2. Is VTM Ltd undervalued or overvalued?

The key valuation ratios of VTM Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is VTM Ltd a good buy now?

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.

10 Year X-Ray of VTM:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
VTM Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.3%5.8%5.7%7.3%3.3%4.5%5.3%4%6.3%3.8%-
Value Creation
Index
-0.3-0.6-0.6-0.5-0.8-0.7-0.6-0.7-0.6-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 169168154148165160161143194209198
Sales YoY Gr.--0.8%-8.2%-4.2%11.5%-2.9%0.5%-11.2%35.8%7.7%-
Adj EPS 2.81.71.82.41.32.12.62.13.52.14.4
YoY Gr.--38.9%4.1%34.8%-47.9%65.6%24.2%-19.5%68.1%-38.5%-
BVPS (₹) 28.129.530.933.446.249.150.654.558.36164.4
Adj Net
Profit
11.36.97.29.758.310.48.3148.618
Cash Flow from Ops. -0.1-4.135.9-26.41.49.725.111.37.121.5-
Debt/CF from Ops. -18-1.70.1-0.47.90.80.40.90.90.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.4%4.9%9.1%7.7%
Adj EPS -2.9%11.4%-5.9%-38.5%
BVPS9%5.7%6.4%4.6%
Share Price 15.2% 21.8% 43.8% 45.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
10.35.95.97.43.14.35.23.96.23.67
Op. Profit
Mgn %
13.37.99.27.48.89.510.411.5128.213.4
Net Profit
Mgn %
6.74.14.66.53.15.26.55.87.24.18.9
Debt to
Equity
00.100.10.100.10.100-
Working Cap
Days
9499118125117138142153127124127
Cash Conv.
Cycle
77819810192109100988377109

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 7.00%

Sales growth has been subdued in last 3 years 9.14%

Net Profit has been subdued in last 3 years -5.92%

Sales growth is not so good in last 4 quarters at -5.64%

Latest Financials - VTM Ltd.

Standalone Consolidated
TTM EPS (₹) 4.4 -
TTM Sales (₹ Cr.) 198 -
BVPS (₹.) 64.4 -
Reserves (₹ Cr.) 255 -
P/BV 1.09 -
PE 16.03 -
From the Market
52 Week Low / High (₹) 44.10 / 79.00
All Time Low / High (₹) 2.80 / 79.00
Market Cap (₹ Cr.) 282
Equity (₹ Cr.) 4
Face Value (₹) 1
Industry PE 18.8

Management X-Ray of VTM:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales169168154148165160161143194209
Operating Expenses 147155140137150145144126171192
Manufacturing Costs20212219171816131617
Material Costs11411910310211510910997133153
Employee Cost 891010121112101213
Other Costs 55556776108
Operating Profit 22131411141516162317
Operating Profit Margin (%) 13.3%7.9%9.1%7.4%8.8%9.5%10.2%11.5%11.9%8.2%
Other Income 33516579556
Interest 0001111111
Depreciation 95577788910
Exceptional Items 000-7000000
Profit Before Tax 16111412121416121812
Tax 4352444333
Profit After Tax 1189108101210159
PAT Margin (%) 6.7%4.7%6.0%6.8%4.7%6.4%7.5%6.9%7.7%4.4%
Adjusted EPS (₹)2.82.02.32.51.92.53.02.43.72.3
Dividend Payout Ratio (%)25%32%27%30%39%35%30%25%24%31%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 113119125135186198203219234245
Share Capital 4444444444
Reserves 109115121131182193199215230241
Minority Interest0000000000
Debt2737856642
Long Term Debt2537856642
Short Term Debt0200000000
Trade Payables3224329296
Others Liabilities 10101214171619221716
Total Liabilities 129139141160214221237249264269

Fixed Assets

Gross Block1601641661748391107118125132
Accumulated Depreciation111117122117-3411182837
Net Fixed Assets49474457858896999795
CWIP 2233700300
Investments 17340492565798590106
Inventories23232321232830244232
Trade Receivables16172320262417171614
Cash Equivalents 1694123942323
Others Assets466781214181820
Total Assets 129139141160214221237249264269

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0-436-261102511722
PBT 16111412121416121812
Adjustment 7440320466
Changes in Working Capital -18-1525-36-9-313-2-127
Tax Paid -5-4-7-2-4-3-5-3-5-3
Cash Flow From Investing Activity 0-2-2-125-3-20-9-1-13
Capex -2-3-4-20-7-1-14-13-3-7
Net Investments 000012-4-842-7
Others 2128122011
Cash Flow From Financing Activity 1-1-2-1-4-7-7-1-7-7
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00001-310-4-2
Interest Paid 000-1-1-1-1-1-1-1
Dividend Paid 0000-3-4-90-2-4
Others 1-1-20-101000
Net Cash Flow 0-732-393-1-21-12
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)10.386.887.677.754.865.336.044.636.573.81
ROCE (%)14.499.3711.069.137.57.538.345.978.145.37
Asset Turnover Ratio1.371.261.10.980.880.740.70.590.750.78
PAT to CFO Conversion(x)0-0.54-2.60.1312.081.10.472.44
Working Capital Days
Receivable Days40364854515746433126
Inventory Days44515655495966706365
Payable Days9881212918201517

VTM Ltd Stock News

VTM Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of VTM on 18-Mar-2024 16:59 is ₹70.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Mar-2024 16:59 the market cap of VTM stood at ₹281.8.
The latest P/E ratio of VTM as of 18-Mar-2024 16:59 is 16.03.
The latest P/B ratio of VTM as of 18-Mar-2024 16:59 is 1.09.
The 52-week high of VTM is ₹79.00 and the 52-week low is ₹44.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of VTM is ₹197.6 ( Cr.) .

About VTM Ltd

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.

  • Sq.Inch. Drills
  • Twills
  • Sateens
  • Piques
  • Yarn Dyed
  • Jacquards
  • Range of Complex Dobbies
  • Sq.Inch. Drills
  • Twills
  • Sateens
  • Piques
  • Yarn Dyed
  • Jacquards
  • Range of Complex Dobbies

Achievements/ recognition:

  • ISO 9002:2000
  • One Gold Award
  • Three Bronze Awards
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