Veejay Lakshmi Engineering Works Ltd
Incorporated in 1974, Veejay Lakshmi Engineering Works Ltd manufactures textile machinery and also yarn and knitted fabrics[1]
- Market Cap ₹ 27.9 Cr.
- Current Price ₹ 55.0
- High / Low ₹ 130 / 44.3
- Stock P/E
- Book Value ₹ 33.1
- Dividend Yield 0.00 %
- ROCE -1.69 %
- ROE -17.8 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.41%
- The company has delivered a poor sales growth of 2.98% over past five years.
- Company has a low return on equity of -29.5% over last 3 years.
- Earnings include an other income of Rs.3.20 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
116.21 | 147.16 | 78.79 | 88.26 | 81.36 | 79.53 | 68.77 | 51.32 | 74.95 | 63.97 | 87.09 | 79.65 | |
106.16 | 137.41 | 79.33 | 84.74 | 84.54 | 76.63 | 76.00 | 50.76 | 70.31 | 74.08 | 90.44 | 81.16 | |
Operating Profit | 10.05 | 9.75 | -0.54 | 3.52 | -3.18 | 2.90 | -7.23 | 0.56 | 4.64 | -10.11 | -3.35 | -1.51 |
OPM % | 8.65% | 6.63% | -0.69% | 3.99% | -3.91% | 3.65% | -10.51% | 1.09% | 6.19% | -15.80% | -3.85% | -1.90% |
-4.55 | 4.74 | 1.14 | 0.86 | 0.95 | 2.03 | 1.74 | 0.46 | 0.87 | 0.32 | 3.43 | 3.20 | |
Interest | 4.54 | 2.61 | 0.78 | 0.65 | 1.22 | 1.28 | 1.14 | 1.56 | 2.03 | 1.73 | 2.43 | 2.50 |
Depreciation | 9.85 | 7.61 | 4.67 | 4.69 | 4.08 | 3.17 | 2.57 | 2.44 | 2.64 | 2.53 | 2.44 | 2.49 |
Profit before tax | -8.89 | 4.27 | -4.85 | -0.96 | -7.53 | 0.48 | -9.20 | -2.98 | 0.84 | -14.05 | -4.79 | -3.30 |
Tax % | -62.54% | -6.32% | -18.56% | 62.50% | -30.41% | 141.67% | 45.65% | -1.01% | -19.05% | 0.00% | -4.80% | 0.30% |
-3.33 | 4.55 | -3.95 | -1.56 | -5.24 | -0.09 | -13.47 | -2.98 | 1.00 | -14.00 | -4.58 | -3.29 | |
EPS in Rs | -6.57 | 8.97 | -7.79 | -3.08 | -10.33 | -0.18 | -26.56 | -5.88 | 1.97 | -27.60 | -9.03 | -6.49 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 3% |
3 Years: | 2% |
TTM: | -9% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | % |
TTM: | 28% |
Stock Price CAGR | |
---|---|
10 Years: | 2% |
5 Years: | 17% |
3 Years: | 4% |
1 Year: | -8% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | -15% |
3 Years: | -30% |
Last Year: | -18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 5.07 | 5.07 | 5.07 | 5.07 | 5.07 | 5.07 | 5.07 | 5.07 | 5.07 | 5.07 | 5.07 | 5.07 |
Reserves | 54.65 | 59.20 | 54.22 | 58.54 | 53.28 | 53.22 | 39.25 | 36.84 | 38.28 | 18.91 | 15.02 | 11.71 |
49.32 | 29.60 | 13.67 | 11.82 | 29.28 | 15.26 | 13.09 | 21.61 | 17.54 | 33.28 | 28.59 | 29.49 | |
15.54 | 29.75 | 14.48 | 14.34 | 11.99 | 14.56 | 13.93 | 10.41 | 11.07 | 9.47 | 13.47 | 13.97 | |
Total Liabilities | 124.58 | 123.62 | 87.44 | 89.77 | 99.62 | 88.11 | 71.34 | 73.93 | 71.96 | 66.73 | 62.15 | 60.24 |
68.25 | 62.92 | 46.15 | 44.32 | 42.76 | 40.58 | 38.84 | 40.92 | 41.16 | 38.66 | 37.14 | 35.21 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.59 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.03 | 0.03 | 9.78 | 1.96 | 2.55 | 2.58 | 1.86 | 2.58 | 3.12 | 3.21 | 4.12 | 4.29 |
56.30 | 60.67 | 31.51 | 43.49 | 54.31 | 44.95 | 27.05 | 30.40 | 27.68 | 24.86 | 20.89 | 20.74 | |
Total Assets | 124.58 | 123.62 | 87.44 | 89.77 | 99.62 | 88.11 | 71.34 | 73.93 | 71.96 | 66.73 | 62.15 | 60.24 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6.63 | 7.35 | -3.27 | 8.23 | -5.49 | -0.05 | -6.13 | 8.43 | -9.44 | 7.27 | -2.20 | ||
-1.58 | -10.22 | 6.78 | -2.25 | 0.28 | -3.84 | -0.93 | -2.35 | 0.04 | 0.34 | 0.91 | ||
-6.33 | -3.01 | -3.37 | -0.86 | -0.90 | 3.71 | 7.18 | -5.83 | 9.03 | -7.62 | 1.30 | ||
Net Cash Flow | -1.28 | -5.88 | 0.13 | 5.12 | -6.12 | -0.19 | 0.12 | 0.25 | -0.37 | 0.00 | 0.00 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 15.99 | 6.10 | 13.11 | 15.76 | 11.53 | 26.07 | 22.08 | 29.23 | 3.94 | 2.68 | 18.90 | 7.19 |
Inventory Days | 203.35 | 189.78 | 133.60 | 218.08 | 240.05 | 226.65 | 126.91 | 216.88 | 157.35 | 121.12 | 66.01 | 89.34 |
Days Payable | 28.58 | 14.48 | 38.60 | 42.99 | 35.22 | 48.14 | 66.42 | 37.91 | 28.96 | 7.06 | 31.97 | 17.63 |
Cash Conversion Cycle | 190.76 | 181.40 | 108.10 | 190.85 | 216.36 | 204.59 | 82.57 | 208.20 | 132.34 | 116.74 | 52.94 | 78.91 |
Working Capital Days | 107.39 | 109.01 | 39.24 | 104.30 | 134.18 | 112.58 | 60.13 | 120.69 | 76.17 | 88.50 | 31.18 | 44.73 |
ROCE % | 0.33% | 2.02% | -1.04% | -8.35% | 1.55% | -13.06% | -2.35% | 3.97% | -20.85% | -4.46% | -1.69% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
1d - Annual secretarial compliance report confirms adherence to SEBI regulations for FY ending March 2025.
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Announcement under Regulation 30 (LODR)-Restructuring
3 Jun - Board studying merger of associate VSSL with parent company; preliminary consultations underway.
- RESULTS - FINANCIAL RESULTS FOR YEAR ENDED 31/03/2025 29 May
- RESULTS - FINANCIAL RESULTS FOR YEAR ENDED 31/03/2025 29 May
-
Announcement under Regulation 30 (LODR)-Strikes /Lockouts / Disturbances
10 May - Production cut one day weekly from May 10, 2025 due to low textile demand, fulfilling confirmed orders.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1]
Company does manufacturing of two for one twisters used in spinning mills. It also has a textile unit to manufacture cotton yarn and knitted fabrics. Company purchases raw materials locally and exports to Bangladesh, Nepal, China, Korea