Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹46.28, the stock trades at a trailing P/E ratio of 54.6x. Average trailing P/E is 17x in the Luxury industry in India. Total returns to shareholders of 105% over the past three years. Reported Earnings • Aug 13
First quarter 2027 earnings released: EPS: ₹0.19 (vs ₹0.46 in 1Q 2026) First quarter 2027 results: EPS: ₹0.19 (down from ₹0.46 in 1Q 2026). Revenue: ₹990.4m (up 38% from 1Q 2026). Net income: ₹19.3m (down 58% from 1Q 2026). Profit margin: 2.0% (down from 6.4% in 1Q 2026). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 04
VTM Limited to Report Q1, 2027 Results on Aug 12, 2026 VTM Limited announced that they will report Q1, 2027 results on Aug 12, 2026 Reported Earnings • Jul 15
Full year 2026 earnings released: EPS: ₹1.11 (vs ₹4.51 in FY 2025) Full year 2026 results: EPS: ₹1.11 (down from ₹4.51 in FY 2025). Revenue: ₹3.72b (up 8.0% from FY 2025). Net income: ₹112.0m (down 75% from FY 2025). Profit margin: 3.0% (down from 13% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 10
VTM Limited, Annual General Meeting, Jul 31, 2026 VTM Limited, Annual General Meeting, Jul 31, 2026, at 16:45 Indian Standard Time. Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹63.50, the stock trades at a trailing P/E ratio of 57x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 215% over the past three years. Reported Earnings • May 24
Full year 2026 earnings released: EPS: ₹1.11 (vs ₹4.51 in FY 2025) Full year 2026 results: EPS: ₹1.11 (down from ₹4.51 in FY 2025). Revenue: ₹3.75b (up 9.0% from FY 2025). Net income: ₹112.0m (down 75% from FY 2025). Profit margin: 3.0% (down from 13% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 14
VTM Limited to Report Fiscal Year 2026 Results on May 22, 2026 VTM Limited announced that they will report fiscal year 2026 results on May 22, 2026 Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹69.94, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 15x in the Luxury industry in India. Total returns to shareholders of 264% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹86.15, the stock trades at a trailing P/E ratio of 38.6x. Average trailing P/E is 17x in the Luxury industry in India. Total returns to shareholders of 364% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹78.56, the stock trades at a trailing P/E ratio of 35.2x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 321% over the past three years. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹0.34 (vs ₹1.81 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.34 (down from ₹1.81 in 3Q 2025). Revenue: ₹1.01b (down 2.4% from 3Q 2025). Net income: ₹33.8m (down 82% from 3Q 2025). Profit margin: 3.3% (down from 18% in 3Q 2025). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹65.80, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 255% over the past three years. Announcement • Jan 27
VTM Limited to Report Q3, 2026 Results on Feb 12, 2026 VTM Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹56.32, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 19x in the Luxury industry in India. Total returns to shareholders of 195% over the past three years. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹73.84, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 21x in the Luxury industry in India. Total returns to shareholders of 268% over the past three years. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹87.29, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 21x in the Luxury industry in India. Total returns to shareholders of 347% over the past three years. Reported Earnings • Nov 11
Second quarter 2026 earnings released: EPS: ₹0.23 (vs ₹0.97 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.23 (down from ₹0.97 in 2Q 2025). Revenue: ₹910.4m (up 24% from 2Q 2025). Net income: ₹23.2m (down 76% from 2Q 2025). Profit margin: 2.6% (down from 13% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 53% per year whereas the company’s share price has increased by 58% per year. Announcement • Nov 01
VTM Limited to Report Q2, 2026 Results on Nov 10, 2025 VTM Limited announced that they will report Q2, 2026 results on Nov 10, 2025 Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹59.85, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 24x in the Luxury industry in India. Total returns to shareholders of 191% over the past three years. New Risk • Sep 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (₹6.53b market cap, or US$74.1m). Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹72.60, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 24x in the Luxury industry in India. Total returns to shareholders of 243% over the past three years. New Risk • Aug 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.68b (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹8.68b market cap, or US$99.2m). Reported Earnings • Aug 05
First quarter 2026 earnings released: EPS: ₹0.46 (vs ₹0.52 in 1Q 2025) First quarter 2026 results: EPS: ₹0.46 (down from ₹0.52 in 1Q 2025). Revenue: ₹728.5m (up 23% from 1Q 2025). Net income: ₹46.0m (down 12% from 1Q 2025). Profit margin: 6.3% (down from 8.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 24
VTM Limited to Report Q1, 2026 Results on Aug 04, 2025 VTM Limited announced that they will report Q1, 2026 results at 12:15 PM, Indian Standard Time on Aug 04, 2025 Announcement • Jul 03
Vtm Limited Approves Final Dividend for Year Ended 31st March 2025 VTM Limited at its AGM held on July 2, 2025 approved the Final Dividend at INR 0.75 per share of the Company declared for the year ended 31st March 2025 was unanimously approved by the Shareholders. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹102, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 26x in the Luxury industry in India. Total returns to shareholders of 459% over the past three years. Upcoming Dividend • Jun 13
Upcoming dividend of ₹0.75 per share Eligible shareholders must have bought the stock before 20 June 2025. Payment date: 01 August 2025. Payout ratio is a comfortable 8.9% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.6%). Announcement • Jun 11
VTM Limited, Annual General Meeting, Jul 02, 2025 VTM Limited, Annual General Meeting, Jul 02, 2025, at 11:00 Indian Standard Time. Location: sulakarai, virudhunagar - 626 003, virudhunagar India Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹11.28 (vs ₹4.55 in FY 2024) Full year 2025 results: EPS: ₹11.28 (up from ₹4.55 in FY 2024). Revenue: ₹3.49b (up 68% from FY 2024). Net income: ₹453.7m (up 148% from FY 2024). Profit margin: 13% (up from 8.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 29
VTM Limited Recommends A Dividend for the Financial Year 2024-25 VTM Limited recommended a dividend of INR 0.75 per equity share of INR 1 per each, for the financial year 2024-25, subject to members' approval at the ensuing AGM. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹258, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 24x in the Luxury industry in India. Total returns to shareholders of 423% over the past three years. Announcement • May 10
VTM Limited to Report Q4, 2025 Results on May 29, 2025 VTM Limited announced that they will report Q4, 2025 results on May 29, 2025 Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹194, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 23x in the Luxury industry in India. Total returns to shareholders of 363% over the past three years. Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: ₹4.52 (vs ₹1.15 in 3Q 2024) Third quarter 2025 results: EPS: ₹4.52 (up from ₹1.15 in 3Q 2024). Revenue: ₹1.04b (up 104% from 3Q 2024). Net income: ₹182.0m (up 295% from 3Q 2024). Profit margin: 18% (up from 9.0% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹203, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 27x in the Luxury industry in India. Total returns to shareholders of 293% over the past three years. Announcement • Jan 30
VTM Limited to Report Q3, 2025 Results on Feb 10, 2025 VTM Limited announced that they will report Q3, 2025 results on Feb 10, 2025 Upcoming Dividend • Jan 03
Upcoming dividend of ₹0.25 per share Eligible shareholders must have bought the stock before 10 January 2025. Payment date: 16 January 2025. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.1%). In line with average of industry peers (0.5%). Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹165, the stock trades at a trailing P/E ratio of 28.7x. Average trailing P/E is 29x in the Luxury industry in India. Total returns to shareholders of 336% over the past three years. Announcement • Dec 18
VTM Limited Declares Interim Dividend for the Half Year Ended September 30, 2024, Payable on or Before February 10, 2025 VTM Limited at the Board of Directors meeting held on December 18, 2024, declared an Interim dividend of INR 0.25 per equity share (Face Value of INR 1) for the half year ended September 30, 2024, to those shareholders, whose names appear on the Register of members on January 20, 2025, being the Record date fixed for this purpose. The company also inform that the said interim dividend will be paid to the above said shareholders on or before February 10, 2025. New Risk • Nov 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (₹4.27b market cap, or US$50.6m). Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹106, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 29x in the Luxury industry in India. Total returns to shareholders of 177% over the past three years. Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹2.43 (vs ₹1.25 in 2Q 2024) Second quarter 2025 results: EPS: ₹2.43 (up from ₹1.25 in 2Q 2024). Revenue: ₹752.5m (up 54% from 2Q 2024). Net income: ₹97.7m (up 94% from 2Q 2024). Profit margin: 13% (up from 10% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹84.87, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 31x in the Luxury industry in India. Total returns to shareholders of 117% over the past three years. Announcement • Oct 22
VTM Limited to Report Q2, 2025 Results on Nov 11, 2024 VTM Limited announced that they will report Q2, 2025 results on Nov 11, 2024 Reported Earnings • Aug 08
First quarter 2025 earnings released: EPS: ₹1.30 (vs ₹1.27 in 1Q 2024) First quarter 2025 results: EPS: ₹1.30 (up from ₹1.27 in 1Q 2024). Revenue: ₹604.8m (up 24% from 1Q 2024). Net income: ₹52.3m (up 2.2% from 1Q 2024). Profit margin: 8.7% (down from 11% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 29
VTM Limited to Report Q1, 2025 Results on Aug 07, 2024 VTM Limited announced that they will report Q1, 2025 results on Aug 07, 2024 Announcement • Jul 25
VTM Limited Approves Dividend Declaration for the Financial Year 2023-24 VTM Limited at its AGM held on July 24, 2024, approved dividend declaration of INR 0.75 per equity share, for the financial year 2023-24. Reported Earnings • Jul 05
Full year 2024 earnings released: EPS: ₹4.55 (vs ₹2.27 in FY 2023) Full year 2024 results: EPS: ₹4.55 (up from ₹2.27 in FY 2023). Revenue: ₹2.08b (flat on FY 2023). Net income: ₹182.9m (up 100% from FY 2023). Profit margin: 8.8% (up from 4.4% in FY 2023). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 04
Upcoming dividend of ₹0.75 per share Eligible shareholders must have bought the stock before 11 July 2024. Payment date: 10 August 2024. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 1.1%. Within top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.5%). Announcement • May 25
VTM Limited, Annual General Meeting, Jul 24, 2024 VTM Limited, Annual General Meeting, Jul 24, 2024. Announcement • May 08
VTM Limited to Report Fiscal Year 2024 Results on May 23, 2024 VTM Limited announced that they will report fiscal year 2024 results on May 23, 2024 Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: ₹1.15 (vs ₹0.28 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.15 (up from ₹0.28 in 3Q 2023). Revenue: ₹510.3m (up 3.5% from 3Q 2023). Net income: ₹46.1m (up 308% from 3Q 2023). Profit margin: 9.0% (up from 2.3% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 26
VTM Limited to Report Q3, 2024 Results on Feb 07, 2024 VTM Limited announced that they will report Q3, 2024 results on Feb 07, 2024 New Risk • Dec 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.4% net profit margin). Market cap is less than US$100m (₹2.52b market cap, or US$30.3m). Buying Opportunity • Dec 20
Now 22% undervalued Over the last 90 days, the stock is up 4.7%. The fair value is estimated to be ₹78.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 8.8%. Announcement • Nov 29
VTM Limited Appoints V. Kasinathan as Director VTM Limited at the EGM held on November 27, 2023 approved appointment of Mr. V. Kasinathan as Director of the Company. Upcoming Dividend • Nov 24
Upcoming dividend of ₹0.25 per share at 1.1% yield Eligible shareholders must have bought the stock before 01 December 2023. Payment date: 09 December 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.4%). Buying Opportunity • Jul 13
Now 20% undervalued Over the last 90 days, the stock is up 9.1%. The fair value is estimated to be ₹66.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 8.8%. Announcement • Jul 04
Vtm Limited Approves Dividend VTM Limited approved dividend of INR 0.70 per Equity share at its AGM held on July 3, 2023. Buying Opportunity • Jun 22
Now 20% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be ₹67.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 8.8%. New Risk • Jun 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 44% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.4% net profit margin). Market cap is less than US$100m (₹2.12b market cap, or US$25.9m). Upcoming Dividend • Jun 15
Upcoming dividend of ₹0.70 per share at 1.3% yield Eligible shareholders must have bought the stock before 22 June 2023. Payment date: 29 July 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.5%). Announcement • Jun 14
VTM Limited Announces Executive Changes VTM Limited announced that Ms. K. Preyatharshine, has been appointed as Company Secretary of the Company with effect from June 14, 2023. Reason for change is due to Retirement of existing Company Secretary Mr. S. Paramasivam. Brief Profile of B.Com from Lady Doak College,Madurai, The details of CS are as under: Ms. K. PREYATHARSHINE, 32 year old a Company Secretary qualified and having a post qualification experience of 5 years, in the above capacity. Buying Opportunity • May 19
Now 20% undervalued Over the last 90 days, the stock is up 6.1%. The fair value is estimated to be ₹64.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 8.8%. Reported Earnings • May 07
Full year 2023 earnings released: EPS: ₹2.27 (vs ₹3.70 in FY 2022) Full year 2023 results: EPS: ₹2.27 (down from ₹3.70 in FY 2022). Revenue: ₹2.15b (up 11% from FY 2022). Net income: ₹91.4m (down 39% from FY 2022). Profit margin: 4.3% (down from 7.7% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 06
VTM Limited, Annual General Meeting, Jul 03, 2023 VTM Limited, Annual General Meeting, Jul 03, 2023. Announcement • May 05
VTM Limited Proposes Dividend for the Financial Year 2022-23, Payable on or Before July 29, 2023 Board of Directors of VTM Limited at its meeting held on May 3, 2023 have declared a dividend of INR 0.70 per equity share of INR 1/- each, for the financial year 2022-23, subject to members approval at the ensuing AGM. The Annual General Meeting is fixed on 3rd July 2023. Share Transfer books shall remain closed from June 23, 2023 to July 03, 2023. Also informed that the dividend will be paid to the shareholders on or before July 29, 2023. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹0.28 (vs ₹0.75 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.28 (down from ₹0.75 in 3Q 2022). Revenue: ₹493.3m (down 18% from 3Q 2022). Net income: ₹11.3m (down 62% from 3Q 2022). Profit margin: 2.3% (down from 5.0% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 03
VTM Limited to Report Q3, 2023 Results on Feb 11, 2023 VTM Limited announced that they will report Q3, 2023 results on Feb 11, 2023 Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Independent Director M. Anbukani was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Independent Director M. Anbukani was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Second quarter 2023 earnings released: EPS: ₹0.38 (vs ₹1.00 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.38 (down from ₹1.00 in 2Q 2022). Revenue: ₹530.7m (up 2.7% from 2Q 2022). Net income: ₹15.4m (down 62% from 2Q 2022). Profit margin: 2.9% (down from 7.8% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 29
VTM Limited Approves the Appointment of M. Anbukani as an Additional Director VTM Limited announced that the Board of Directors, at their meeting, have approved the appointment of Mr. M. Anbukani (DIN: 00888339) as an Additional Director in the category of Independent of the Company for a term of five years with effect from October 28, 2022 subject to the approval of shareholders. Mr. M. Anbukani will be a Non-Executive Independent Director and he is not related to the Promoter or Promoter Group and fulfills the criteria of Independence as required under the provisions of the Companies Act, 2013 and the rules framed thereunder and the Listing Regulations. Brief Profile: BBA-Marketing from Thiagarajar College,Madurai, & MBA-Marketing from PSG-Tech, Coimbatore. The details of New independent director are as under: Mr. M. Anbukani a 58 year old MBA Qualified(Marketing) heading a garment company as MD, and serving the other two Ready made garment companies in the capacity of CEO.(all private limited companies.),and Has an Overall work experience in Textile/Garment Companies in the above respective capacities of around 30 years in the functional areas. Board Change • Sep 21
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director C.R. Venkatesh was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 20
VTM Limited Announces Demise of Amariappan, Independent Director VTM Limited announced that Mr. AMARIAPPAN (Independent Director) has passed away on September 19, 2022 (small hours), at Madurai, due to Old age(85). Reported Earnings • Aug 02
First quarter 2023 earnings released: EPS: ₹0.91 (vs ₹0.66 in 1Q 2022) First quarter 2023 results: EPS: ₹0.91 (up from ₹0.66 in 1Q 2022). Revenue: ₹557.2m (up 102% from 1Q 2022). Net income: ₹36.6m (up 38% from 1Q 2022). Profit margin: 6.6% (down from 9.6% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 21
VTM Limited to Report Q1, 2023 Results on Aug 01, 2022 VTM Limited announced that they will report Q1, 2023 results on Aug 01, 2022 Upcoming Dividend • Jun 09
Upcoming dividend of ₹0.90 per share Eligible shareholders must have bought the stock before 16 June 2022. Payment date: 29 July 2022. Payout ratio is a comfortable 24% and the cash payout ratio is 91%. Trailing yield: 1.8%. Within top quartile of Indian dividend payers (1.8%). Higher than average of industry peers (0.6%). Announcement • Jun 07
VTM Limited, Annual General Meeting, Jun 30, 2022 VTM Limited, Annual General Meeting, Jun 30, 2022, at 12:00 Indian Standard Time. Location: Sulakarai Virudhunagar Virudhunagar Tamil Nadu India Agenda: To adopt Financial Statements; to declare a dividend on equity shares; to consider board changes; to consider Ratification of Cost auditor remuneration; and to consider other matters. Announcement • Apr 28
VTM Limited Appoints C. R. Venkatesh as a New Additional Independent Director VTM Limited appointed Mr. C. R. Venkatesh as a new additional Independent director with effect from April 25, 2022. Announcement • Apr 27
VTM Limited Announces CFO Changes VTM Limited announced that Mr. K. Deenadayalan,present CFO has resigned from the Post of CFO, due to Personal reasons, and not due to any other material reasons. The resignation is with effect from 26th of April 2022. Mr. AN. Paramasivam, has been appointed as the Chief Financial officer(CFO) of Company, with effect from 26th April 2022. Reported Earnings • Apr 27
Full year 2022 earnings released: EPS: ₹3.70 (vs ₹2.43 in FY 2021) Full year 2022 results: EPS: ₹3.70 (up from ₹2.43 in FY 2021). Revenue: ₹1.99b (up 40% from FY 2021). Net income: ₹148.9m (up 52% from FY 2021). Profit margin: 7.5% (up from 6.9% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Ganesh Ananthakrishnan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 26
VTM Limited Proposes Dividend for the Financial Year 2021-2022, Payable on or Before July 29, 2022 VTM Limited at its board meeting held on April 25, 2022, declared a dividend of INR 0.90 per equity share of INR 1 each, for the financial year 2021-2022, subject to members approval at the upcoming AGM. The Annual General Meeting is fixed on June 30, 2022. Share Transfer books shall remain closed from June 20, 2022 to June 30, 2022. The dividend will be paid to the shareholders on or before July 29, 2022. Board Change • Apr 21
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Ganesh Ananthakrishnan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 14
VTM Limited Announces Resignation of M. Murugesan as Independent Director VTM Limited announced that Mr. M. Murugesan Independent Director has tendered his resignation from Board of Directors with effect from 11 April 2022. Announcement • Apr 10
VTM Limited to Report Q4, 2022 Results on Apr 25, 2022 VTM Limited announced that they will report Q4, 2022 results on Apr 25, 2022 Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹42.35, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 73% over the past three years. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 18% share price gain to ₹39.95, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 58% over the past three years. Reported Earnings • Aug 03
First quarter 2022 earnings released: EPS ₹0.66 (vs ₹0.13 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹298.7m (up 87% from 1Q 2021). Net income: ₹26.6m (up 403% from 1Q 2021). Profit margin: 8.9% (up from 3.3% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 17% share price gain to ₹43.40, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 21x in the Luxury industry in India. Total returns to shareholders of 69% over the past three years. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 31% share price gain to ₹36.35, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 19x in the Luxury industry in India. Total returns to shareholders of 48% over the past three years. Reported Earnings • Jun 06
Full year 2021 earnings released: EPS ₹2.43 (vs ₹3.01 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹1.43b (down 11% from FY 2020). Net income: ₹97.9m (down 19% from FY 2020). Profit margin: 6.9% (down from 7.5% in FY 2020). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year.