3:2 Bonus Shares Soon: Record Date Falling This Week; What Chart Pattern Hints For This Textile Stock?

Grey weaving requirements for both the domestic and international markets are manufactured by VTM Ltd. Textile products are manufactured and sold in India by VTM, a division of the Thiagarajar Group. At a market value of Rs 873.14 Cr, VTM Ltd's shares closed 1.99% down on Friday, June 6, at Rs 217.05 a share. The stock marked a 52-week-high of Rs 259.95 on (21/05/2025) and a 52-week-low of Rs 66.35 on (30/10/2024). With a range of Rs 193.60 (259.95 to 66.35), the stock has seen substantial price movement, indicating strong volatility over the previous 12 months.

VTM Bonus Shares

"With reference to our previous intimation dated 16th April 2025 and on receipt of approval of shareholders via postal Ballot on 23rd May, 2025, for issue and proposed allotment of 60341400 Equity shares of Rs 1/- each as bonus shares in the ratio of 3 (three) new equity shares for every 2 (two) existing equity share held in the Company. Ie (3:2) Further, the Company has fixed Wednesday, 11th June 2025, as the "Record Date" to determine the eligibility of shareholders for issuance of the said Bonus Shares. The deemed date of allotment shall be Thursday, 12th June 2025," said VTM Ltd in a stock exchange filing on 6th June.

VTM Upcoming Dividend

"We hereby inform you that the Board of Directors of our company at its meeting held on 29.05.2025 have recommended a dividend of Rs. 0.75 (Seventy-Five Paise only) per equity share of Re.l/- each, for the financial year 2024-25, subject to members' approval at the ensuing AGM. The Annual General Meeting is fixed on 02nd July 2025. Share Transfer books shall remain closed from 21.06.2025 to 02.07.2025. We also inform that the dividend will be paid to the shareholders on or before 01.08.2025," VTM said in a regulatory filing.

VTM Financials

In FY25, which ended on March 31, 2025, VTM Ltd. had a solid overall performance. VTM's revenue increased significantly from Rs 207.9 Cr in FY24 to Rs 344.5 Cr in FY25. In FY25, net profit more than doubled to Rs 45.4 cr, while EPS increased from Rs 4.55 to Rs 11.28. However, in addition to a sharp decline in operating cash flow of Rs -375 cr, the firm also dramatically raised its leverage as debt grew to ~Rs 409 cr.

VTM Share Price Target

"VTM Ltd stock price is bearish on the Daily charts with strong resistance at 226. A Daily close below support of 213 could lead to a target of 185 in the near term," commented A R Ramachandran, independent research analyst.

Disclaimer

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