VTM Ltd share Price Today

Promoted by K T Chettiar, VTM Ltd (Formerly known Virudhunagar Textile Mills Ltd), was established in 1947 with the founding principles of setting standards in weaving by ensuring that the best of weaving technology was always available. Today, the Company is well-established with unique capabilities that allows to cater to exotic constructions in weaving. The Company has expanded the capabilities to include special weaves and combinations. 255 state-of-the-art looms have been installed in the manufacturing unit. 80 Sulzer machines, 06 Rapier leno looms, 163 Air jets and 06 Jacquard machines work in tandem to produce 1.7 million meters of fabric every month. It is equipped with adequate equipment to cater to special fabric manufacturing in fine counts and complex specifications. The Company`s plant is located in Virudhunagar. Even though it is not designated as an export-oriented mill, 90-93% of the production is exported. VTML has only one subsidiary Colour Yarn Ltd. The company has installed 289 looms to manufacture a range of grey fabrics from 90 cm width to 330 cm width. Some of the varieties produced by VTML are cambric, voile, poplin, pin point oxford, satin, chambray, drill, oxford weave, grey sheeting, etc. The mill is equipped with state of the art machineries like 60 air-jet weaving machines, besides 174 Lakshmi Ruti C looms of various widths. During 1994-95, VTML issued bonus shares in the ratio 5:1. In 2000-01 28 Shuttle Looms have been replaced looms at a cost of Rs.855 crores and this was financed through internal accruals. To make it more competitive in both International and Domestic markets,the Company has proposed to modernise its plant & machinery under TUFS at an estimated cost of Rs.10 crores. The modernisation scheme if implemented will yield a high value in its product mixture. In 2021-22, the Company established a Garment unit with 57 stitching machines with ETON line for promoting exports in the international Home Textiles market. In 2023, it installed Solar Power Plant of 300KW capacity costing Rs. 2.1 Crores. It capitalised on the growing dominance of India and Indian cotton in the world markets and its emergence as a premier fabric and garment manufacturing destination.

VTM share price as on 18 Jul 2024 is Rs. 69. Over the past 6 months, the VTM share price has increased by 2.71% and in the last one year, it has increased by 27%. The 52-week low for VTM share price was Rs. 50.25 and 52-week high was Rs. 79.