VTML—56

VTM Ltd

Textiles & Leather GoodsVerified

Score breakdown

Profitability+23Sentiment+30Risk penalty-3Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion96AI synthesis40Observations3

VTM Ltd operates with a strong equity base, as evidenced by a debt-to-equity ratio of 0.13, indicating a conservative capital structure. The company maintains a current ratio of 3.5, suggesting robust short-term liquidity. However, the operating cash flow is negative at -375.57 million INR, which contrasts with a positive free cash flow of 289.97 million INR, indicating that capital expenditures are absorbing a portion of the operating cash flow [doc:HA-latest]. In terms of profitability, VTM Ltd's return on equity (ROE) is 14.81%, and its return on assets (ROA) is 11.86%. These figures are strong and suggest that the company is effectively utilizing its equity and assets to generate returns. The gross profit of 1.1 billion INR and operating income of 552.28 million INR further support the company's profitability [doc:HA-latest]. VTM Ltd's revenue is primarily concentrated in the textile manufacturing segment, with no disclosed geographic diversification. The company's operations are centered in Virudhunagar, Tamil Nadu, and it serves both domestic and international markets. The lack of geographic diversification may expose the company to regional economic fluctuations [doc:HA-latest]. The company's growth trajectory is supported by its production capacity, which includes 258 looms and over 80 Sulzer machines, enabling the production of 1.8 million meters of fabric monthly. The outlook for the current fiscal year indicates a positive direction, with the company maintaining a strong position in the textiles and leather goods industry [doc:HA-latest]. The risk assessment for VTM Ltd indicates a medium liquidity risk and a low dilution risk. The company's net cash is negative after subtracting total debt, which could affect its liquidity position. However, the low dilution risk suggests that the company is not expected to issue additional shares in the near term, preserving the value for existing shareholders [doc:HA-latest]. Recent events and filings have not indicated any significant changes in the company's operations or financial strategy. The company continues to focus on its core manufacturing capabilities and has not disclosed any major new initiatives or strategic shifts in the latest available data [doc:HA-latest].

Profile

CompanyVTM Ltd

TickerVTML.BO

SectorConsumer Cyclicals

BusinessCyclical Consumer Products

Industry groupCyclical Consumer Products

IndustryTextiles & Leather Goods

AI analysis

Business. VTM Limited is an India-based manufacturer of textile products, specializing in the production of woven fabrics for both export and domestic markets [doc:HA-latest].

Classification. VTM Limited is classified under the Textiles & Leather Goods industry within the Consumer Cyclicals economic sector, with a classification confidence of 0.92 [doc:verified market data].

Key takeaways

VTM Ltd maintains a conservative capital structure with a low debt-to-equity ratio of 0.13.
The company's strong ROE of 14.81% and ROA of 11.86% indicate effective use of equity and assets.
VTM Ltd's production capacity supports its position in the textiles and leather goods industry.
The company's liquidity is robust, as indicated by a current ratio of 3.5.
VTM Ltd has a low dilution risk, preserving value for existing shareholders.
--
## RATIONALES
```json

Financial snapshot

PeriodHA-latest

CurrencyINR

Revenue$3.42B

Gross profit$1.10B

Operating income$552.3M

Net income$453.7M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow-$375.6M

CapEx-$217.8M

Free cash flow$290.0M

Total assets$3.83B

Total liabilities$762.0M

Total equity$3.06B

Cash & equivalents—

Long-term debt$409.6M

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY0$3.42B$552.3M$453.7M$290.0M

FY-1$2.07B$160.1M$182.9M$108.3M

FY-2$2.09B$73.6M$91.4M$74.1M

FY-3$1.94B$139.5M$148.9M$172.1M

FY-4$1.43B$86.8M$97.9M$34.6M

PeriodGross %Op %Net %FCF %

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodAssetsEquityCashDebt

FY0$3.83B$3.06B——

FY-1$2.98B$2.63B——

FY-2$2.69B$2.45B——

FY-3$2.64B$2.34B——

FY-4$2.49B$2.19B——

PeriodOCFCapExFCFSBC

FY0-$375.6M-$217.8M$290.0M—

FY-1-$124.4M-$125.4M$108.3M—

FY-2$215.2M-$79.1M$74.1M—

FY-3$71.1M-$44.7M$172.1M—

FY-4$113.3M-$139.8M$34.6M—

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

FQ0$999.5M$39.3M$33.8M—

FQ-1$898.8M$21.4M$23.2M—

FQ-2$719.9M$56.3M$46.0M—

FQ-3$1.09B$159.6M$121.7M—

FQ-4$1.04B$244.9M$182.0M—

FQ-5$731.7M$110.3M$97.7M—

FQ-6$591.4M$60.0M$52.3M—

FQ-7$637.7M$25.2M$35.2M—

PeriodGross %Op %Net %FCF %

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodAssetsEquityCashDebt

FQ0————

FQ-1$3.94B$3.08B——

FQ-2————

FQ-3$3.83B$3.06B——

FQ-4————

FQ-5$3.42B$2.77B——

FQ-6————

FQ-7$2.98B$2.63B——

PeriodOCFCapExFCFSBC

FQ0————

FQ-1$183.7M-$86.4M——

FQ-2————

FQ-3-$375.6M-$217.8M——

FQ-4————

FQ-5-$100.8M-$85.0M——

FQ-6————

FQ-7-$124.4M-$125.4M——

Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$3.06B

Net cash-$409.6M

Current ratio3.5

Debt/Equity0.1

ROA11.9%

ROE14.8%

Cash conversion-83.0%

CapEx/Revenue-6.4%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Textiles & Leather Goods · cohort 271 companies

MetricVTMLActivity

Op margin16.1%4.3% medp25 -0.2% · p75 8.6%top quartile

Net margin13.3%2.3% medp25 -0.6% · p75 6.5%top quartile

Gross margin32.2%17.4% medp25 10.3% · p75 28.8%top quartile

CapEx / revenue-6.4%-2.9% medp25 -6.0% · p75 -1.1%bottom quartile

Debt / equity13.0%46.3% medp25 9.2% · p75 99.3%below median

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-04 06:18 UTC#5e723402

Source: analysis-pipeline (hybrid)Generated: 2026-05-04 06:19 UTCJob: 0c14ab3e