Veekayem Fashion & Apparels Ltd
Incorporated in 1985, Veekayem Fashion and Apparels Ltd manufactures
grey fabric, yarn, and ready-made garments[1]
- Market Cap ₹ 157 Cr.
- Current Price ₹ 268
- High / Low ₹ 338 / 174
- Stock P/E 20.6
- Book Value ₹ 95.4
- Dividend Yield 0.00 %
- ROCE 14.0 %
- ROE 15.7 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 51.1% CAGR over last 5 years
Cons
- Stock is trading at 2.81 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 11.0% 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
Consumer Discretionary Textiles Textiles & Apparels Garments & Apparels
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 203 | 216 | 77 | 149 | 235 | 244 | 321 | |
| 193 | 205 | 67 | 139 | 222 | 228 | 298 | |
| Operating Profit | 11 | 10 | 10 | 10 | 13 | 16 | 23 |
| OPM % | 5% | 5% | 12% | 7% | 6% | 7% | 7% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 7 | 7 | 8 | 8 | 9 | 10 | 12 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | 3 | 2 | 1 | 2 | 3 | 5 | 10 |
| Tax % | 15% | 30% | 39% | -24% | 42% | 26% | 21% |
| 2 | 1 | 0 | 2 | 2 | 4 | 8 | |
| EPS in Rs | 5.31 | 2.54 | 0.72 | 4.40 | 3.08 | 6.86 | 13.00 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 29% |
| TTM: | 32% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 51% |
| 3 Years: | 60% |
| TTM: | 90% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 36% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 11% |
| Last Year: | 16% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 6 | 6 | 6 |
| Reserves | 23 | 24 | 25 | 27 | 31 | 35 | 50 |
| 65 | 72 | 81 | 82 | 89 | 96 | 112 | |
| 25 | 20 | 14 | 20 | 18 | 19 | 38 | |
| Total Liabilities | 118 | 121 | 123 | 133 | 144 | 155 | 206 |
| 24 | 22 | 21 | 21 | 23 | 24 | 30 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 94 | 98 | 102 | 111 | 121 | 131 | 175 | |
| Total Assets | 118 | 121 | 123 | 133 | 144 | 155 | 206 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 5 | 5 | -3 | 6 | 0 | 5 | -3 | |
| -3 | 0 | -0 | -1 | -3 | -3 | -9 | |
| -2 | -5 | 3 | -6 | 3 | -2 | 13 | |
| Net Cash Flow | 0 | 0 | -0 | -2 | -0 | -0 | 0 |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 77 | 65 | 158 | 90 | 75 | 92 | 106 |
| Inventory Days | 105 | 111 | 408 | 213 | 128 | 123 | 107 |
| Days Payable | 45 | 32 | 68 | 52 | 26 | 25 | 44 |
| Cash Conversion Cycle | 137 | 144 | 498 | 252 | 177 | 191 | 168 |
| Working Capital Days | 32 | 35 | 82 | 47 | 41 | 42 | 40 |
| ROCE % | 9% | 8% | 8% | 10% | 11% | 14% |
Documents
Announcements
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
18 July 2025 - Certificate under SEBI Reg 74(5) for securities dematerialization for quarter ended June 30, 2025.
-
Reply to Clarification- Financial results
14 July 2025 - Resubmitted corrected financial results for FY ended March 31, 2025 as per exchange query.
-
General Updates
9 July 2025 - Veekayem Fashion incorporates wholly owned subsidiary Veekayem Retail Pvt Ltd for garments and accessories business.
-
Clarification - Financial Results
25 June 2025 - Exchange has sought clarification from Veekayem Fashion And Apparels Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (LODR) Regulations, …
-
Structural Digital Database
30 May 2025 - Compliance certificate confirming insider trading database maintained with no non-compliance for FY ended March 2025.
Business Overview:[1]
VFAL engages in the processing, manufacturing, dyeing, printing, finishing, and weaving of various textiles. It also deals in synthetic textiles and fabrics, including yarn, cotton, silk, rayon, nylon, polyester, wool, linen, and man-made fibers. VFAL operates as a wholesaler, retailer, broker, and commission agent, handling both wearable and non-wearable textiles.