Veejay Lakshmi Engineering Works Ltd

Veejay Lakshmi Engineering Works Ltd

₹ 47.6 -0.59%
23 Feb - 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 24.1 Cr.
  • Current Price 47.6
  • High / Low 68.0 / 29.0
  • Stock P/E
  • Book Value 40.9
  • Dividend Yield 0.00 %
  • ROCE -20.8 %
  • ROE -41.6 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.16 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -4.70% over past five years.
  • Company has a low return on equity of -13.7% over last 3 years.

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
14.30 22.96 12.63 18.22 23.37 20.72 17.85 21.18 13.85 11.09 18.80 24.89 21.29
13.21 22.13 12.47 16.25 21.27 20.42 20.00 26.28 15.87 11.98 20.52 25.42 21.83
Operating Profit 1.09 0.83 0.16 1.97 2.10 0.30 -2.15 -5.10 -2.02 -0.89 -1.72 -0.53 -0.54
OPM % 7.62% 3.61% 1.27% 10.81% 8.99% 1.45% -12.04% -24.08% -14.58% -8.03% -9.15% -2.13% -2.54%
0.10 0.33 0.60 0.10 0.09 0.09 0.06 0.11 0.05 0.09 0.31 0.38 0.40
Interest 0.29 0.50 0.62 0.46 0.38 0.48 0.51 0.53 0.55 0.08 0.65 0.56 0.54
Depreciation 0.60 0.64 0.62 0.67 0.64 0.71 0.61 0.64 0.64 0.64 0.61 0.62 0.62
Profit before tax 0.30 0.02 -0.48 0.94 1.17 -0.80 -3.21 -6.16 -3.16 -1.52 -2.67 -1.33 -1.30
Tax % -16.67% 350.00% -2.08% -8.51% -1.71% 8.75% -0.93% 2.60% -0.63% -7.24% 4.49% 6.02% -2.31%
0.36 -0.02 -0.53 1.10 1.17 -0.74 -3.27 -6.02 -3.21 -1.51 -2.57 -1.22 -1.39
EPS in Rs 0.71 -0.04 -1.04 2.17 2.31 -1.46 -6.45 -11.87 -6.33 -2.98 -5.07 -2.41 -2.74
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
153.23 108.20 116.21 147.16 78.79 88.26 81.36 79.53 68.77 51.32 74.95 63.97 76.07
131.15 102.95 106.16 137.41 79.33 84.74 84.54 76.63 76.00 50.76 70.31 74.08 79.75
Operating Profit 22.08 5.25 10.05 9.75 -0.54 3.52 -3.18 2.90 -7.23 0.56 4.64 -10.11 -3.68
OPM % 14.41% 4.85% 8.65% 6.63% -0.69% 3.99% -3.91% 3.65% -10.51% 1.09% 6.19% -15.80% -4.84%
0.37 0.64 -4.55 4.74 1.14 0.86 0.95 2.03 1.74 0.46 0.87 0.32 1.18
Interest 5.75 4.97 4.54 2.61 0.78 0.65 1.22 1.28 1.14 1.56 2.03 1.73 1.83
Depreciation 8.00 8.33 9.85 7.61 4.67 4.69 4.08 3.17 2.57 2.44 2.64 2.53 2.49
Profit before tax 8.70 -7.41 -8.89 4.27 -4.85 -0.96 -7.53 0.48 -9.20 -2.98 0.84 -14.05 -6.82
Tax % 35.86% -1.35% 62.54% -6.32% 18.56% -62.50% 30.41% 141.67% -45.65% 1.01% -19.05% 0.00%
5.58 -7.51 -3.33 4.55 -3.95 -1.56 -5.24 -0.09 -13.47 -2.98 1.00 -14.00 -6.69
EPS in Rs 11.00 -14.81 -6.57 8.97 -7.79 -3.08 -10.33 -0.18 -26.56 -5.88 1.97 -27.60 -13.20
Dividend Payout % 13.63% 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: -6%
5 Years: -5%
3 Years: -2%
TTM: 3%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -1%
TTM: 49%
Stock Price CAGR
10 Years: 4%
5 Years: 3%
3 Years: 22%
1 Year: 43%
Return on Equity
10 Years: %
5 Years: -13%
3 Years: -14%
Last Year: -42%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
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 5.07
Reserves 65.50 57.98 54.65 59.20 54.22 58.54 53.28 53.22 39.25 36.84 38.28 18.91 15.68
57.09 51.84 49.32 29.60 13.67 11.82 29.28 15.26 13.09 21.61 17.54 33.28 27.87
26.52 18.94 15.54 29.75 14.48 14.34 11.99 14.56 13.93 10.41 11.07 9.48 11.02
Total Liabilities 154.18 133.83 124.58 123.62 87.44 89.77 99.62 88.11 71.34 73.93 71.96 66.74 59.64
80.13 76.34 68.25 62.92 46.15 44.32 42.76 40.58 38.84 40.92 41.16 38.66 37.90
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.59 0.03 0.00 0.00 0.00
Investments 0.20 0.03 0.03 0.03 9.78 1.96 2.55 2.58 1.86 2.58 3.12 3.21 3.97
73.85 57.46 56.30 60.67 31.51 43.49 54.31 44.95 27.05 30.40 27.68 24.87 17.77
Total Assets 154.18 133.83 124.58 123.62 87.44 89.77 99.62 88.11 71.34 73.93 71.96 66.74 59.64

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
3.03 8.90 6.63 7.35 -3.27 8.23 -5.49 -0.05 -6.13 8.43 -9.44
-6.76 -3.72 -1.58 -10.22 6.78 -2.25 0.28 -3.84 -0.93 -2.35 0.04
3.25 -6.33 -6.33 -3.01 -3.37 -0.86 -0.90 3.71 7.18 -5.83 9.03
Net Cash Flow -0.48 -1.15 -1.28 -5.88 0.13 5.12 -6.12 -0.19 0.12 0.25 -0.37

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 34.09 23.98 15.99 6.10 13.11 15.76 11.53 26.07 22.08 29.23 3.94 2.68
Inventory Days 195.99 209.72 203.35 189.78 133.60 218.08 240.05 226.65 126.91 216.88 157.35 125.70
Days Payable 43.31 24.18 28.58 14.48 38.60 42.99 35.22 48.14 66.42 37.91 28.96 7.32
Cash Conversion Cycle 186.77 209.53 190.76 181.40 108.10 190.85 216.36 204.59 82.57 208.20 132.34 121.05
Working Capital Days 102.64 115.98 107.39 109.01 39.24 104.30 134.18 112.58 60.13 120.69 76.17 81.82
ROCE % 11.53% -2.38% 0.33% 2.02% -1.04% -8.35% 1.55% -13.06% -2.35% 3.97% -20.85%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
65.24% 65.24% 65.24% 65.24% 65.24% 65.24% 65.23% 65.23% 65.23% 65.23% 65.23% 65.23%
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% 34.75% 34.75% 34.75% 34.75% 34.75% 34.76% 34.76% 34.76% 34.76% 34.76% 34.74%
No. of Shareholders 4,3744,3504,2714,2494,2694,2734,2744,2444,2934,2784,2984,297

* 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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