Arthneeti

VTM Q4 FY26 Share Price & Earnings Call Analysis

₹42.70+1.67% today
Market cap
₹429 Cr
P/E
38.94
ROE
4.09%
PEG
1.53
Price to sales
1.07
Debt to equity
0.24
52W high / low
₹99.8 / ₹31.6
Sales growth (5Y)
21.13%
EBITDA margin
6.31%
Net profit margin
3.42%
Promoter holding
74.99%
Sales (last year)
₹398 Cr

Guidance scorecard · Q4 FY26 call

What VTM's management guided

Revenue10–20%MarginsUp 2%+CapexNone plannedFundraisingWhat management saidOrder bookRising

RevenueQ4 FY26 call

10–20%
  • The company anticipates a marginal revenue growth of 10-15% in the current financial year, with a targeted top-line increase of 12-14%.
  • There is a good order backlog of 6.5 million units as of May 31, supporting the expected sales trend.
  • Home Textile division volume is expected to grow by 15-20% based on current orders (~6 million units).
  • Full capacity utilization is projected around ₹420 crore revenue, with potential to reach ₹500-600 crore if the right product mix and outsourcing efficiencies are realized.
  • Growth beyond mid-term is uncertain due to volatile conditions; clearer picture expected over next two quarters.
  • Efforts are underway to diversify markets beyond the US (e.g., UK, Europe, Middle East, Japan, Australia) to reduce dependency and drive volume growth.

2 more points from VTM's call on revenue

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Full Q4 FY26 analysis

MarginsQ4 FY26 call

Up 2%+

See what VTM said on margins — free account, 30 seconds.

Full Q4 FY26 analysis

CapexQ4 FY26 call

None planned
  • No further capex planned for the current financial year; capex is over for this year.
  • Recent capex investments made in the last financial year began full-scale operation in the current financial year.
  • The company is focusing on improving efficiency, lean management, and revamping some production lines with the help of industrial engineering consultants.
  • There may be outsourcing of certain commodity items to optimize costs and add to top-line growth, implying strategic operational adjustments rather than capital-heavy investments.

2 more points from VTM's call on capex

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Full Q4 FY26 analysis

FundraisingQ4 FY26 call

See what VTM said on fundraising — free account, 30 seconds.

Full Q4 FY26 analysis

Order bookQ4 FY26 call

Rising
  • As of May 31, the company has a good order backlog of approximately 6.5 million units.
  • This order book reflects positive sales trends expected to continue, with an anticipated turnover growth of 10-15%.
  • Specifically, for the Quince business, the current orders in hand stand at roughly 6 million units.
  • The company is optimistic about growth trends with volume growth of 15-20% expected based on existing orders.

2 more points from VTM's call on the order book

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Full Q4 FY26 analysis

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

This quarter's potential multibaggers
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does VTM rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Financials of VTM

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of VTM

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +53.2146.1147.2451.0363.7759.1473.17103.52108.6971.9989.8899.95110.17
Expenses +48.6339.4638.8844.1859.6350.8759.8176.7090.2463.5684.8892.93102.90
Operating Profit4.586.658.366.854.148.2713.3626.8218.458.435.007.027.27
OPM %8.61%14.42%17.70%13.42%6.49%13.98%18.26%25.91%16.97%11.71%5.56%7.02%6.60%
Other Income +1.752.661.661.481.511.342.080.510.900.871.160.86-2.50
Interest0.160.280.130.250.290.180.280.350.990.400.400.420.58
Depreciation2.482.572.642.081.612.272.322.332.502.792.852.842.87
Profit before tax3.696.467.256.003.757.1612.8424.6515.866.112.914.621.32
Tax %23.85%20.59%30.62%23.17%5.87%26.82%23.91%26.17%23.27%24.55%20.27%27.06%32.58%
Net Profit +2.825.125.044.613.525.239.7718.2012.174.602.323.380.90
EPS in Rs0.280.510.500.460.350.520.971.811.210.460.230.340.09

Financials of VTM

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +168154150165160161143194209208345372
Expenses +155140140150145144126171192182278344
Operating Profit131411141516162317266728
OPM %8%9%7%9%9%10%11%12%8%12%19%7%
Other Income +359579556750
Interest001111111122
Depreciation55777889109911
Profit before tax111412121416121812236115
Tax %28%33%34%35%27%26%21%18%26%22%25%25%
Net Profit +8988101210159184511
EPS in Rs0.790.930.820.771.021.200.971.480.911.824.511.11
Dividend Payout %32%32%37%39%35%30%25%24%31%22%9%0%

Financials of VTM

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4444444444410
Reserves115121175182193199215230241259302305
Borrowings +741011810107444175
Other Liabilities +121221171524202320313558
Total Liabilities139141210214221237249264269298383448
Fixed Assets +47449185889699979598108125
CWIP230700300121
Investments340692565798590106886772
Other Assets +569450966862627869112205251
Total Assets139141210214221237249264269298383448

Financials of VTM

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-333171102511722-12-381
Cash from Investing Activity +-5-2-615-3-20-9-1-13168-23
Cash from Financing Activity +114-4-7-7-1-7-7-53122
Net Cash Flow-732-393-1-21-12-220
Free Cash Flow-6293-6912-2415-25-59-24
CFO/OP2%281%177%38%85%182%87%53%144%-25%-39%38%

Financials of VTM

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days385650575538443124447850
Inventory Days72827474941029111676168185237
Days Payable77151162962513472757
Cash Conversion Cycle10313010812014311012812287165236230
Working Capital Days77106891021138911010784143139139
ROCE %8%9%8%5%6%7%5%6%4%7%19%5%

Guidance history

How VTM's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q4 FY26 call →10–20%Up 2%+None planned—Rising
Q3 FY26 call →20–40%Down 0–2%PlannedNone planned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

Continue your research

What VTM's management said in earlier quarters