532893

VTM financials

Market cap
₹487 Cr
Sector
Textiles
Calls analysed
1
Latest concall · Q4 FY26 · call held 11 Jun 2026

VTM Q4 FY26

Revenue ₹401.76 cr +8%EBITDA Margin 7.43% PAT ₹11 cr −75%PBT ₹4.1 cr

What went well

  • Business remained intact and marginally grown from previous quarters, despite challenges.
  • Company holds a good order backlog of 6.5 million as on May 31st, indicating continued sales trend.
  • Management is targeting an improved EBITDA margin of 10-11% for the current financial year (FY27), up from 7.43% in FY26.

What to watch

  • Profit after tax (PAT) for FY26 shrunk by 75% year-on-year to 11 crores.
  • Revenue growth for FY26 was modest at 8%.
Read the full call →

What VTM does

VTM Limited manufactures woven textile fabrics at its Sulakarai (Virudhunagar, Tamil Nadu) factory, with Home Textiles as its core product line — leno-selvedge and dobby-design fabrics made on imported rapier looms. It also runs a garment unit and produces GOTS-certified organic cotton fabric. The company operates as a single reporting business segment, selling both domestically and to international customers, with the bulk of turnover coming from exports.

Segments

  • Home Textiles / Woven Fabrics
Manufacturing facility
1 factory (Sulakarai, Virudhunagar, Tamil Nadu) — ISO, 5S and GOTS certified
New weaving looms added (FY25)
4 x 190cm ITEMA rapier looms with Leno attachment, imported from Italy
Rooftop solar capacity
908 kW (DC), up from 500 kW
Ground-mounted solar plant
1.76 MW at Ottapidaram Village
Fabric inspection/packing machines added (FY25)
2 wide-width double-side inspection machines + 1 narrow-width roll packing machine
Boiler fuel upgrade
Green-fuel boiler (briquettes/waste firewood) with compressor heat-recovery system
Founded 1946Headquarters Sulakarai, Virudhunagar, Tamil Nadu, India Company website

Guidance record · Q4 FY26

what the last two calls moved 7 tracked 0 delivered 0 missed 7 open
  • EBITDA Margin open said Q4 FY26 Promised: Achieve 10-11% for FY27 Q4 FY26: Targeting to achieve 10-11 percentage, up from the current year's 7.43%.

All 7 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 36.7%, net profit down 58.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue73 104 109 72 90 +23%100 −3%110 +1%98 +37%
EBITDA13 27 18 8 5 −63%7 −74%7 −61%6 −31%
Net profit10 18 12 5 2 −76%3 −81%1 −93%2 −58%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −25.0% 1Y

₹60₹80₹100Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q4 FY26 — 11 Jun 2026

1Y: ₹65.81 on 10 Sept 2025 → ₹49.38. High ₹99.82 (9 Feb 2026), low ₹46.02 (21 Aug 2026).

How the price took the results

close before → close after

Q4 FY26
−0.6%
11 Jun

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 21.2% a year over 3 years, FY23 to FY26. Operating margin narrowed to 7.5%.

Year endingFY23FY24FY25FY26
Revenue₹209 Cr₹208 Cr₹345 Cr₹372 Cr
Operating profit₹17 Cr₹26 Cr₹67 Cr₹28 Cr
Operating margin8.2%12.5%19.4%7.5%
Interest₹1 Cr₹1 Cr₹2 Cr₹2 Cr
Depreciation₹10 Cr₹9 Cr₹9 Cr₹11 Cr
Net profit₹9 Cr₹18 Cr₹45 Cr₹11 Cr
Net margin4.4%8.8%13.2%3.0%
Cash from operations₹22 Cr₹-12 Cr₹-38 Cr₹1 Cr
Free cash flow₹15 Cr₹-25 Cr₹-59 Cr₹-24 Cr
ROCE4.0%7.0%19.0%5.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹4 Cr₹4 Cr₹4 Cr₹4 Cr₹10 Cr₹10 Cr
Reserves₹215 Cr₹230 Cr₹241 Cr₹259 Cr₹298 Cr₹305 Cr
Borrowings₹10 Cr₹7 Cr₹4 Cr₹4 Cr₹36 Cr₹75 Cr
Other liabilities₹20 Cr₹23 Cr₹20 Cr₹31 Cr₹50 Cr₹58 Cr
Total liabilities₹249 Cr₹264 Cr₹269 Cr₹298 Cr₹394 Cr₹448 Cr
Fixed assets₹99 Cr₹97 Cr₹95 Cr₹98 Cr₹105 Cr₹123 Cr
Capital work in progress₹3 Cr₹0 Cr₹0 Cr₹1 Cr₹8 Cr₹2 Cr
Investments₹85 Cr₹90 Cr₹106 Cr₹88 Cr₹70 Cr₹72 Cr
Other assets₹62 Cr₹78 Cr₹69 Cr₹112 Cr₹211 Cr₹251 Cr
Total assets₹249 Cr₹264 Cr₹269 Cr₹298 Cr₹394 Cr₹448 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Sep 2026

Since Sep 2025, DIIs added +0.40 pp while the public trimmed −0.38 pp. The shareholder count grew 3% to 7,262.

Promoters
75.0%
DIIs
1.7%
Public
23.3%

Since Sep 2025

  • DIIs +0.40 pp
  • Public −0.38 pp
  • Promoters 0.00 pp

How it drifted, 12 quarters

Over this window DIIs went from 0.0% to 1.7% — +1.7 pp.

Dec '23Mar '25Sep '26

Ownership split by quarter, oldest first. Dec '23: Promoters 75.0%, Public 25.0%.Mar '24: Promoters 75.0%, Public 25.0%.Jun '24: Promoters 75.0%, Public 25.0%.Sep '24: Promoters 75.0%, Public 25.0%.Dec '24: Promoters 75.0%, Public 25.0%.Mar '25: Promoters 75.0%, DIIs 0.5%, Public 24.6%.Jun '25: Promoters 75.0%, DIIs 1.3%, Public 23.7%.Sep '25: Promoters 75.0%, DIIs 1.3%, Public 23.7%.Dec '25: Promoters 75.0%, DIIs 1.3%, Public 23.7%.Mar '26: Promoters 75.0%, DIIs 1.8%, Public 23.3%.Jun '26: Promoters 75.0%, DIIs 1.7%, Public 23.3%.Sep '26: Promoters 75.0%, DIIs 1.7%, Public 23.3%.

Who was buying across the market this quarter →

Who is on the register

Named in the Sep 2026 filing

Every holder of VTM above SEBI's 1% disclosure line, and what changed since Jun 2026.

HolderStakeChange
T.Kannan,Partner,Guruvayoorappan Investments 18.69%unchanged
T.Kannan,Partner,Avittam Investments 18.64%unchanged
T.Kannan,Partner, Karumuttu Investments 15.39%unchanged
Thiagarajar Mills Private Limited 6.66%unchanged
T.Kannan,Partner,Thirumagal Inestments 4.54%unchanged
Sree Thiagaraja Finance Private Limited 3.74%unchanged
Sree Devikarumari Finance Private Limited 3.32%unchanged
Radha Kannan 2.17%unchanged
Iepf 2.15%unchanged
K.Thiagarajan 1.84%unchanged
Vtm Limited Unclaimed Securities 1.84%unchanged
Shirali Nikhil Merchant 1.19%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse VTM

Guides on how to read this kind of business and the numbers that matter.