# VTM share price (VTM Ltd, NSE: VTMLTD)

> VTM share price: ₹46.78 at the NSE close on 14 August 2026, the latest close in our records; down 44.7% in the year to that date. VTM (NSE: VTMLTD) is worth ₹470 crore, trades at a P/E of 42.6 and has closed between ₹46.78 and ₹98.30 over the past 52 weeks. > VTM Ltd's share price has risen faster than its earnings: −44.7% in a year, against −75.4% for earnings per share. VTMLTD · Textiles - General · data as of 14 August 2026. Page: https://www.sectoralpha.in/stocks/vtm-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹46.78 (−44.7% in a year)
- P/E: 42.6× (higher than 97% of the last 10 years)
- Revenue (Jun 2026): ₹98.4 Cr (+36.7% on a year ago)
- Profit (Jun 2026): ₹1.9 Cr (−58.0% on a year ago)
- Operating margin: 5.9% (−5.8 points on a year ago)
- ROCE: 5%, FY26
- ROIC: 2.7%, against a 12.0% cost of capital: −9.3 points

The main question: the share price moved −44.7% in a year while yearly earnings per share moved −75.4%. The difference came from the market paying a higher multiple. ## What is the VTM share price? VTM Ltd's share price was ₹46.78 at the close on 14 August 2026. It has been falling for 11 weeks. That is 32.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹47 and ₹98, and at that close it was at the low of that range. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 18 weeks running. Over the last 10 years the share price moved +328% while the NIFTY 500 moved +278%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 15 May 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at VTM this quarter? 8 points on a year earlier. 1. Profit down on a year earlier for 5 quarters in a row In the June 2026 quarter profit was ₹2 crore, -58% on a year earlier. 2. Operating margin down 5.8 points on a year earlier 5.9% in the June 2026 quarter, from 11.7%. ## What are VTM's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), VTM reported revenue of ₹98.4 crore, up 36.7% from ₹72.0 crore a year earlier, and a profit of ₹1.93 crore, down 58.0% from ₹4.60 crore. ### VTM results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹98.4 crore | ₹72.0 crore | +36.7% |
| Profit | ₹1.93 crore | ₹4.60 crore | −58.0% |
| Earnings per share | ₹0.19 | ₹0.46 | −58.7% |
| Operating margin | 5.9% | 11.7% | −5.8 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). The newest call in our records is from 8 June 2026, about January to March 2026; a call about these results is not in our records yet. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the VTM share price history? VTM closed at ₹46.78 on 14 August 2026, down 44.7% from ₹84.60 a year earlier (14 August 2025) and up 199.9% over five years. Its highest weekly close since March 2016 was ₹118.58 on 18 July 2025. ### VTM share price: then and now

| When | Close | Change to 14 Aug 2026 |
| --- | --- | --- |
| 1 week ago · 7 Aug 2026 | ₹60.74 | −23.0% |
| 1 month ago · 17 Jul 2026 | ₹71.10 | −34.2% |
| 6 months ago · 13 Feb 2026 | ₹98.30 | −52.4% |
| 1 year ago · 14 Aug 2025 | ₹84.60 | −44.7% |
| 3 years ago · 11 Aug 2023 | ₹22.34 | +109.4% |
| 5 years ago · 13 Aug 2021 | ₹15.60 | +199.9% |
| 10 years ago · 12 Aug 2016 | ₹11.48 | +307.5% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹10.94 | +327.6% |
| Highest weekly close since March 2016 · 18 Jul 2025 | ₹118.58 | −60.5% |
| Lowest weekly close since March 2016 · 8 May 2020 | ₹7.12 | +557.0% |
| 52-week high (weekly close) · 13 Feb 2026 | ₹98.30 | −52.4% |
| 52-week low (weekly close) · 14 Aug 2026 | ₹46.78 | 0.0% |

Weekly closing prices. Each change is the move from that price to the 14 Aug 2026 close. A day's intraday high or low can go beyond these weekly closes. (548 weekly closes from 11 March 2016 to 14 August 2026.)

## What is the latest news on VTM? 14 Aug 2026: VTM closed at ₹46.78, down 23.0% on the week and down 34.2% on the month. Results for April to June 2026: Revenue up 36.7% and profit down 58.0% on a year earlier. ### Earlier

- 8 Jun 2026: VTM held its results call for January to March 2026. Management guided: FY27 consolidated revenue growth 12.0-14.0% aiming for approximately ₹420 crore (from ₹372 crore base) - specific range, prepared remarks, consistent across Q&A. ## What dividend does VTM pay? The NSE corporate-actions record has no dividend for VTM since 1 April 2021, so this page cannot show amounts per share. Yes. VTM Ltd paid out 67% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 5 November 2026.)

## What did VTM management say on the latest results call? On the call for January to March 2026, held on 8 June 2026, VTM's management guided: FY27 consolidated revenue growth 12.0-14.0% aiming for approximately ₹420 crore (from ₹372 crore base) - specific range, prepared remarks, consistent across Q&A. > “The 18.0% discount happened when our goods were being tariffed between 50.0% and 60.0%. To share that burden, we extended the 18.0% discount. Tariffs have come down to 10.0%, but our discount remains at 18.0%, and we are trying to negotiate that down”
> Management, on the call for January to March 2026

### What management guided

- FY27 operating margin 10.0-11.0% versus FY26 7.5% - specific range, extracted under direct questioning; dependent on tariff discount reduction and new loom operating leverage. - FY27 home textile volume growth 15.0-20.0% with Quinn's from 6 million orders in hand; product mix 50.0% commodity, 50.0% value-add - specific ranges, Q&A extracted. - Peak cash revenue capacity ₹420 crore at current 80.0% utilization model - specific, represents ceiling under existing operations without major capital spending or optimization. - Non-US made-up exports aiming for 40-50 crore over 2-3 years from baseline 16-17 crore (10.0% to 15.0%+ of made-up revenue) - range, multi-year, directional, extracted in Q&A. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/4774/Conference Call/CC-Jun26.pdf). (From the call for January to March 2026, 8 June 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.)

## What to watch in VTM's next results? When VTM reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Tariff discount negotiation outcome with Quinn's: stuck at 18.0% despite current 10.0% tariff; management said negotiations are currently ongoing with no timeline; tracker metric is next quarter realized pricing level on made-up sales - any movement toward 10.0-12.0% discount range would signal progress. - What to check (from the call)
- Tariff discount negotiation outcome with Quinn's: stuck at 18.0% despite current 10.0% tariff; management said negotiations are currently ongoing with no timeline; tracker metric is next quarter realized pricing level on made-up sales - any movement toward 10.0-12.0% discount range would signal progress. - New loom production ramp contribution to FY27 revenue: capital spending now live Q1/Q2; management guided 12.0-14.0% growth to ₹420 crore; watch Q1 actuals to confirm whether new capacity is translating to volume growth or if demand and pricing constraints limit realization. - Inventory reduction progress: management committed to return from 152 crores to 82-86 crore range (prior levels) over next 2 quarters via lean/JIT improvements; falsifiable on next quarter balance sheet as indicator of working capital improvement and cash flow management. - Non-US made-up customer onboarding first orders: management said UK/Europe/SE Asia/Japan/Australia onboarding approximately 1 year, expecting revenue in 2-3 quarters; watch for first meaningful non-US orders appearing in Q1/Q2, confirming geographic diversification initiative is progressing past sales discussions to actual orders. ## Which stock lists is VTM on? VTM is not on any of our India lists this week. ## Is VTM profitable? VTM Ltd earned ₹1.9 Cr of net profit in the Jun 2026 quarter, −58.0% on the same quarter a year earlier. Full-year FY26 profit was ₹11.0 Cr. Over 10 years profit has grown 2.0% a year on average. That is 2.0% of the quarter's revenue. The same quarter a year earlier earned ₹4.6 Cr. For the full year, FY26 profit was ₹11.0 Cr (−75.6% on the year before). Why profit moved: revenue changed +36.7% on a year earlier and the margin moved −5.8 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed −77.1% and revenue +14.4%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does VTM make, and is it growing? VTM Ltd reported ₹98.4 Cr of revenue in the Jun 2026 quarter, +36.7% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown 9.2% a year on average. The last full year, FY26, came in at ₹372 Cr. The last four reported quarters add to ₹398 Cr. FY26 revenue was ₹372 Cr, +7.8% on the year before. Recent pace: the last four quarters grew +14.4% on average, against 9.2% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +11.5%, against +34.2% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −80.9%, against −31.9% a year (rolling over). ## How much of every ₹100 of sales does VTM keep? VTM Ltd's operating margin was 5.9% in the Jun 2026 quarter, 5.8 percentage points lower than the same quarter a year ago. Across 13 years it has been between 7.0% and 19.0%. The latest quarter is below every full year in that period. Why the margin moved: operating margin changed −5.8 percentage points on the year while gross margin changed −10.5 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is VTM's profit turning into cash? Over the last 3 years VTM Ltd's operations used more cash than they brought in, so cash conversion was −66%, a gap worth watching. In FY26 it brought in ₹1.0 Cr of operating cash against ₹11.0 Cr of profit. After ₹26.0 Cr of spending on assets, free cash was −₹25.0 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why −66% of profit came in as cash: the cash cycle got 102 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: less of the profit turns into cash than it should, and the cash cycle is 102 days longer. The next section looks at where the cash is stuck. ## Where does VTM's cash go? VTM Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 230 days in FY26, up from 128 days in FY21. It spent ₹59.0 Cr on assets over the last 3 years. Customers take 50 days to pay, and stock sits for 237 days on average. At FY26 sales of ₹372 Cr, each day of that cycle ties up about ₹1.0 Cr, so roughly ₹234 Cr is tied up in the business at any time. FY26: customers took 50 days to pay and stock sat for 237 days, about 7.8 months of sales sitting as stock, for a full cycle of 230 days, longer than FY21's 128. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 237 days. Customers pay about 50 days after that. Suppliers are paid at 57 days. Together that makes the 230-day cycle. Spending on assets: ₹59.0 Cr over the last 3 years, against ₹29.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹2.0 Cr (FY26): assets paid for that are not earning yet. In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit. ## What is VTM's P/E ratio, and how does it compare with its own history? VTM Ltd's P/E is 42.6×, near the high end of its own history: higher than 97% of past readings. Its usual P/E (the middle reading) is 13.2×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹0.85. Why the multiple is where it is: over the past year earnings per share moved −75.4% while the price moved −44.7%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +24.6% a year; about −1.4% a year came from earnings growth and about +26.0 percentage points from the multiple (the market paying more); over 10 years the price moved +15.1% a year; about +1.5% a year came from earnings growth and about +13.6 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the VTM business getting better or worse? VTM Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −80.9% in the latest quarter, against +148.1% at its best in 12 quarters, with ROCE falling at 4.1%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does VTM earn on its capital? VTM Ltd earned a ROCE of 5% in FY26. That is up from a low of 4% in FY23. Its return on capital used (ROIC) is 9.3 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 3.0% net margin and 0.83× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 3.0% net margin × 0.83× asset turnover × 1.42× leverage (assets divided by equity) ≈ 3.5% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 2.7% − 12.0% = −9.3 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does VTM have too much debt? VTM Ltd has total debt of ₹75.0 Cr against shareholder equity of ₹315 Cr as of Jun 2026, so its debt is 0.24× its equity, which is very little. Year by year, that ratio went from 0.03 in FY22 to 0.24 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the VTM shareholding pattern? Domestic institutions raised their stake in VTM Ltd by 1.7 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 1.7% of the company. Promoters moved +0.0 points over the same period, to 75.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Why the owners changed: domestic institutions drove it (+1.7 points). They raised their stake step by step. ## How far is VTM from balance-sheet trouble? For VTM Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does VTM rank in its industry? 28.7 out of 100, rank 4 of 4 in Textiles - General, with 77% of the evidence available. VTM Ltd scores 28.7 out of 100 against the 4 companies it is compared with in Textiles - General, ranking 4. There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. The three scored parts add up to the total exactly: 8.8 + 5.3 + 14.6 = 28.7 (no relative-strength reading this week; its 20 points are shared across the other three). This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is VTM compared with? VTM ranks 4 of 4 Textiles - General companies on the 4-Factor Sector Score, with 28.7 out of 100. 1. [GHCL Textiles Ltd](https://www.sectoralpha.in/stocks/ghcl-textiles-ltd) GHCLTEXTIL · leader · Most evidence points up · 97% evidence 79.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 34.1/35 · Revenue 27.9% · Profit 65.5% · Operating margin change 6 points · 100% evidence Capital efficiency 8.1/25 · ROCE 5.8% · Operating margin 17% · 100% evidence Valuation 17.1/20 · P/E 11.8× · PEG 0.98 · 85% evidence Relative strength 20.0/20 · Lead over its industry 17.5% · Lead over NIFTY 500 30.3% · 1 year 53.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 34.1 + 8.1 + 17.1 + 20 = 79.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Voith Paper Fabrics India Ltd](https://www.sectoralpha.in/stocks/voith-paper-fabrics-india-ltd) VOITHPAPR · quiet · Evidence leans up · 82% evidence 50.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.3/35 · Revenue 5% · Profit 0% · Operating margin change 1 points · 100% evidence Capital efficiency 16.9/25 · ROCE 14.9% · Operating margin 31% · 100% evidence Valuation 16.1/20 · P/E 12.9× · PEG 1.18 · 85% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -11.6% · 1 year -31.5% · 25% evidence · 0 of 5 weeks ahead Exact sum: 10.3 + 16.9 + 16.1 + 7.5 = 50.8 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 3. [Jindal Worldwide Ltd](https://www.sectoralpha.in/stocks/jindal-worldwide-ltd) JINDWORLD · losing its lead · Evidence leans down · 97% evidence 40.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.7/35 · Revenue -1.8% · Profit 13.5% · Operating margin change -2 points · 100% evidence Capital efficiency 7.5/25 · ROCE 8.6% · Operating margin 5% · 100% evidence Valuation 4.2/20 · P/E 42.1× · PEG 8.08 · 85% evidence Relative strength 19.6/20 · Lead over its industry 5.4% · Lead over NIFTY 500 17.2% · 1 year -2% · 100% evidence · 10 of 12 weeks ahead Exact sum: 8.7 + 7.5 + 4.2 + 19.6 = 40 · What this means: Relative strength against the index is 17.2%, and revenue and profit growth are weak. 4. VTM Ltd this page VTMLTD · Most evidence points down · 77% evidence 28.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.8/43.75 · Revenue 11.5% · Profit -80% · Operating margin change -5.8 points · 100% evidence Capital efficiency 5.3/31.25 · ROCE 5.1% · Operating margin 5.9% · 100% evidence Valuation 14.6/25 · P/E 42.6× · PEG 0.31 · 85% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 8.8 + 5.3 + 14.6 = 28.7 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Textiles - General](https://www.sectoralpha.in/sectors/textiles-general), all 4 compared on one page. ## Which companies are close to VTM in size? VTM is the 4th largest of 4 Textiles - General companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Jindal Worldwide, GHCL Textiles and Voith Paper Fabrics India. It is the smallest. ### Textiles - General companies close in size

1. [Jindal Worldwide Ltd](https://www.sectoralpha.in/stocks/jindal-worldwide-ltd) ₹3,567 crore
2. [GHCL Textiles Ltd](https://www.sectoralpha.in/stocks/ghcl-textiles-ltd) ₹1,130 crore
3. [Voith Paper Fabrics India Ltd](https://www.sectoralpha.in/stocks/voith-paper-fabrics-india-ltd) ₹577 crore
4. VTM Ltd ₹470 crore

[All 4 Textiles - General companies, largest first](https://www.sectoralpha.in/sectors/textiles-general#all-companies)

### Companies close in size in other industries

1. [TPL Plastech Ltd](https://www.sectoralpha.in/stocks/tpl-plastech-ltd) ₹472 crore · Plastics - Plastic Containers
2. [JD Cables Ltd](https://www.sectoralpha.in/stocks/jd-cables-ltd) ₹470 crore · Cables - Power
3. VTM Ltd ₹470 crore
4. [Mangal Credit & Fincorp Ltd](https://www.sectoralpha.in/stocks/mangal-credit-fincorp-ltd) ₹469 crore · NBFC - Others
5. [Sigma Solve Ltd](https://www.sectoralpha.in/stocks/sigma-solve-ltd) ₹469 crore

## What else do people ask about VTM? ### What were VTM's latest quarterly results? VTM Ltd reported revenue of ₹98.4 Cr and net profit of ₹1.9 Cr for the Jun 2026 quarter. Revenue rose 36.7% and profit fell 58.0% compared with a year earlier. Earnings per share were ₹0.19. The operating margin was 5.9%, 5.8 percentage points lower than a year earlier (as of 14 August 2026). ### What is VTM's market cap? VTM Ltd's market capitalisation is ₹470 Cr at a share price of ₹46.78. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 14 August 2026). ### How is VTM performing? VTM Ltd's share price has been falling for 11 weeks. In its latest quarter, revenue rose 36.7% and profit fell 58.0% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 18 weeks running (as of 14 August 2026). ### Will VTM's share price go up? This page does not forecast VTM Ltd's share price. What it shows instead: the share price is ₹46.78, and it has been falling for 11 weeks. Its P/E of 42.6× is higher than 97% of its own last 10 years (as of 14 August 2026). ### Who owns VTM? Promoters own 75.0% of VTM Ltd, foreign institutions , domestic institutions 1.7% and the public 23.3% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 1.7 percentage points over 8 quarters (as of 14 August 2026). ### Where is VTM in its business cycle? VTM Ltd's FY26 operating margin was 7.0%, against a 13-year range of 7.0% to 19.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 5.9%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 14 August 2026). ### What could break the VTM story? The main question: the share price moved −44.7% in a year while yearly earnings per share moved −75.4%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 14 August 2026). ### Is VTM a stock worth studying right now? What the numbers show: VTM Ltd's share price has risen faster than its earnings: −44.7% in a year, against −75.4% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 14 August 2026). ### Is there a VTM share price forecast for 2026? What management itself guided: FY27 consolidated revenue growth 12.0-14.0% aiming for approximately ₹420 crore (from ₹372 crore base) - specific range, prepared remarks, consistent across Q&A. This is research, not advice. We’re not SEBI-registered.