Veejay Lakshmi Engineering Works Ltd

Veejay Lakshmi Engineering Works Ltd

₹ 55.0 3.77%
27 Jun - close price
About

Incorporated in 1974, Veejay Lakshmi Engineering Works Ltd manufactures textile machinery and also yarn and knitted fabrics[1]

Key Points

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

  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
20.72 17.85 21.18 13.85 11.09 18.80 24.89 21.29 22.11 15.99 22.89 22.88 17.90
20.42 20.00 26.28 15.87 11.98 20.52 25.42 21.83 22.75 16.88 22.44 23.13 18.73
Operating Profit 0.30 -2.15 -5.10 -2.02 -0.89 -1.72 -0.53 -0.54 -0.64 -0.89 0.45 -0.25 -0.83
OPM % 1.45% -12.04% -24.08% -14.58% -8.03% -9.15% -2.13% -2.54% -2.89% -5.57% 1.97% -1.09% -4.64%
0.09 0.06 0.11 0.05 0.09 0.31 0.38 0.40 2.35 0.33 0.48 1.39 1.01
Interest 0.48 0.51 0.53 0.55 0.08 0.65 0.56 0.54 0.62 0.61 0.71 0.29 0.89
Depreciation 0.71 0.61 0.64 0.64 0.64 0.61 0.62 0.62 0.59 0.61 0.61 0.61 0.68
Profit before tax -0.80 -3.21 -6.16 -3.16 -1.52 -2.67 -1.33 -1.30 0.50 -1.78 -0.39 0.24 -1.39
Tax % -8.75% 0.93% -2.60% 0.63% 7.24% -4.49% -6.02% 2.31% -14.00% -5.06% -15.38% 20.83% 7.19%
-0.74 -3.27 -6.02 -3.21 -1.51 -2.57 -1.22 -1.39 0.60 -1.72 -0.29 0.14 -1.42
EPS in Rs -1.46 -6.45 -11.87 -6.33 -2.98 -5.07 -2.41 -2.74 1.18 -3.39 -0.57 0.28 -2.80
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
65.24% 65.23% 65.23% 65.23% 65.23% 65.23% 65.23% 65.23% 65.23% 65.23% 65.23% 63.83%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
34.75% 34.76% 34.76% 34.76% 34.76% 34.76% 34.75% 34.76% 34.76% 34.75% 34.76% 36.16%
No. of Shareholders 4,2734,2744,2444,2934,2784,2984,2974,2664,2234,2914,2564,253

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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