As of 6 Nov 2026, VTM trades at 49.4× trailing earnings, above the industry P/E of 17.0×, and the shares are 32% below their 52-week high. Sales and net profit grew 20% and 7.0% a year over 3 years; its ROCE of 4.9% is the lowest among the 7 largest Textile Manufacturing peers. Debt is 0.24× equity. It is a small-cap company with a market cap of ₹422 Cr, ranked 57th of 246 Textile Manufacturing companies by market cap; the shares rose 83% over the past year.
- ₹43.17
- ₹43.17
- ₹41.00
- ₹42.32
- 11.5K
Health check
- ReturnsAhead
+83.0% over a year, better than 6 of 7 peers.
- Price tagPricier
P/E 49.4 vs industry 17.0.
- GrowthStrong
Sales +20.2%, profit +7.0% a year over 3 years.
- ProfitabilityWeak
ROCE 4.9% vs peer median 10.7%.
- Balance sheetFair
Debt 0.24× equity, interest covered 10.1×, Piotroski 4 of 9.
- Red flags4 to check
Return on equity is low at 3.6%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹422 Cr
- Small cap
- P/E
- 49.4
- Industry 17.0
- Price to book
- 1.34
- Peers 3.81
- Dividend yield
- 0.00%
- ROE
- 3.6%
- Peers 10.1%
- ROCE
- 4.9%
- Peers 10.7%
- Debt to equity
- 0.24
- Debt ₹75 Cr
- EPS (TTM)
- ₹0.85
- Face value ₹1
- OPM (TTM)
- 5.7%
- Net margin 2.1%
- Sales growth
- +36.7%
- Latest quarter vs a year ago
- Profit growth
- −58.0%
- Latest quarter vs a year ago
- Price to sales
- 1.06
- EV/EBITDA 18.8
Strengths and risks
Strengths
- Quarterly sales up 36.7% on a year ago.
Risks to check
- Return on equity is low at 3.6%.
- Quarterly profit down 58.0% on a year ago.
- P/E of 49.4 against an industry P/E of 17.0.
- 32% below its 52-week high.
About VTM
VTM Limited manufactures and sells textile products in India. It offers fabrics, such as drills, twills, sateens, piques, jacquards, dobbies, plain weaves, structured fabrics, specialty woven fabrics; home textiles, including bed sheets, bed linen, duvet covers, comforters, blankets, pillow covers, cushions, hospitality linen, spa linen, table linen, bath linen, and window furnishings; sustainable and specialty fibres, comprising cotton, organic cotton,…
- Headquarters
- Virudhunagar
- Employees
- 666
- Sector
- Consumer Cyclical
- ISIN
- INE222F01029
- Website
- vtmill.com
Price range
- Avg volume (3M)
- 94.1K
- 1-year return
- plus 83.0%
- From 52-week high
- minus 32.2%
Peers · Textile Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KPRMILLK.P.R. Mill | 1,164.40 | minus 0.25% | 39,883 | 38.3 | 6.41 | 20.0% | 18.0% | 22.1% | 2.3% | 2.1% | 0.43% | plus 10.5% |
| WELSPUNLIVWelspun Living | 241.30 | minus 4.75% | 22,717 | 52.8 | 4.47 | 5.8% | 8.8% | 28.7% | 5.7% | 0.9% | 0.04% | plus 96.2% |
| VTLVardhman Textiles | 508.80 | minus 4.89% | 14,729 | 14.3 | 1.38 | 8.6% | 7.3% | 13.7% | −0.8% | −2.1% | 0.98% | plus 22.2% |
| ARVINDArvind | 494.75 | minus 0.58% | 12,969 | 28.4 | 3.10 | 15.4% | 11.1% | 10.9% | 3.4% | 0.8% | 0.91% | plus 57.3% |
| TRIDENTTrident | 23.88 | plus 0.08% | 12,168 | 25.4 | 2.53 | 10.7% | 10.1% | 14.9% | 1.8% | −5.1% | 2.09% | minus 16.6% |
| ICILIndo Count Industries | 489.85 | minus 2.25% | 9,702 | 39.8 | 3.81 | 9.5% | 5.5% | 9.7% | 11.6% | −22.9% | 0.31% | plus 78.7% |
| GARFIBRESGarware Technical Fibres | 715.65 | minus 2.13% | 6,988 | 29.8 | 4.97 | 19.3% | 15.3% | 19.2% | 5.6% | 4.9% | 1.26% | minus 3.9% |
| VTMLTDVTM | 41.99 | minus 0.78% | 422 | 49.4 | 1.34 | 4.9% | 3.6% | 6.3% | 20.2% | 7.0% | 0.00% | plus 83.0% |
| Median of 7 peers | – | −2.13% | 12,969 | 29.8 | 3.81 | 10.7% | 10.1% | 14.9% | 3.4% | 0.8% | 0.91% | 22.2% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 72 | 89.9 | 100 | 110 | 98.4 | |
| 63.6 | 84.9 | 92.9 | 105 | 92.6 | |
| 8.4 | 5 | 7 | 4.8 | 5.8 | |
| 11.7% | 5.6% | 7.0% | 4.3% | 5.9% | |
| 0.9 | 1.2 | 1.1 | 2.8 | 0.6 | |
| 0.4 | 0.4 | 0.4 | 0.6 | 0.8 | |
| 2.8 | 2.9 | 2.8 | 2.9 | 3.1 | |
| – | – | −0.3 | −2.8 | – | |
| 6.1 | 2.9 | 4.6 | 1.3 | 2.6 | |
| 24.6% | 20.2% | 26.9% | 32.4% | 25.5% | |
| 4.6 | 2.3 | 3.4 | 0.9 | 1.9 | |
| – | – | – | 0.09 | 0.19 |
Profit & loss
- Sales CAGR 3Y
- +20.2%
- Profit CAGR 3Y
- +7.0%
- ROE
- 3.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 206 | 204 | 336 | 357 | |
| – | minus 0.8% | +64.5% | +6.3% | |
| 189 | 179 | 271 | 333 | |
| 16.8 | 25 | 64.7 | 24 | |
| 8.2% | 12.2% | 19.3% | 6.7% | |
| 2 | 2.5 | 3.9 | 6 | |
| 0.4 | 0.6 | 1.1 | 1.6 | |
| 9.8 | 8.9 | 9.4 | 11.3 | |
| 3.8 | 5.5 | 2.5 | −2 | |
| 12.3 | 23.5 | 60.5 | 15 | |
| 25.8% | 22.0% | 25.0% | 25.2% | |
| 9.1 | 18.3 | 45.4 | 11.2 | |
| – | +100.2% | +148.1% | minus 75.3% | |
| – | – | – | 1.11 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4 | 4 | 4 | 10.1 | |
| 241 | 259 | 302 | 305 | |
| 4.1 | 3.9 | 41 | 74.9 | |
| 20.1 | 31.5 | 35.2 | 58.2 | |
| 269 | 298 | 383 | 448 | |
| 94.9 | 98.5 | 114 | 137 | |
| 0.1 | 0.6 | 5.4 | 14.7 | |
| 36.3 | 40.8 | 45.1 | 50.8 | |
| 72 | 48 | 24.5 | 24.2 | |
| 66.2 | 110 | 194 | 221 | |
| 269 | 298 | 383 | 448 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 21.5 | −12.4 | −37.6 | 1.3 | |
| −12.9 | 15.8 | 8 | −23.1 | |
| −6.9 | −5 | 31.3 | 22.2 | |
| 1.7 | −1.6 | 1.8 | 0.4 | |
| −7.9 | −12.5 | −21.8 | −26.1 | |
| 13.6 | −25 | −59.3 | −24.8 | |
| −3.6 | −3.8 | −4 | −7.5 |
Shareholding pattern
- Promoters75.00%
- Public25.00%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 75.00% | 25.00% | – |
Major shareholders
Filings & events
News
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