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 ₹ 25.6 Cr.
- Current Price ₹ 50.5
- High / Low ₹ 68.0 / 32.0
- Stock P/E
- Book Value ₹ 40.9
- Dividend Yield 0.00 %
- ROCE -20.8 %
- ROE -41.6 %
- Face Value ₹ 10.0
Pros
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.
Peer comparison
Sector: Textiles Industry: Textiles - Cotton/Blended
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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: | 5% |
5 Years: | 3% |
3 Years: | 24% |
1 Year: | 40% |
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% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 24 Feb
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 24 Feb
- FINANCIAL RESULTS UNAUDITED FOR THE QUARTER / PERIOD ENDED DECEMBER 31, 2023 OF THE COMPANY VEEJAY LAKSHMI ENGINEERING WORKS LIMITED. 8 Feb
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 8 Feb
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 22 Jan
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
-
Financial Year 2009
from bse
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