Veekayem Fashion & Apparels Ltd
Incorporated in 1985, Veekayem Fashion and Apparels Ltd manufactures
grey fabric, yarn, and ready-made garments[1]
- Market Cap ₹ 181 Cr.
- Current Price ₹ 308
- High / Low ₹ 338 / 187
- Stock P/E 23.7
- 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 3.23 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: | 93% |
| 1 Year: | 63% |
| 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
-
Copy of Newspaper Publication
8 September 2025 - Notice of 40th AGM on 30 Sept 2025; e-voting 26–29 Sept; cut-off 23 Sept.
-
Updates
6 September 2025 - Book closure 24–30 Sep 2025; cut-off 23 Sep; AGM on 30 Sep 2025.
-
Record Date
6 September 2025 - Record date set as 23 September 2025 for 40th AGM, FY 2024-25 e-voting entitlement.
-
Updates
6 September 2025 - 40th Annual Report/AGM notice: FY2024-25 revenue Rs32,164.21 lakh, PAT Rs764.35 lakh; AGM on Sept 30, 2025.
-
Shareholders meeting
6 September 2025 - 40th AGM on 30 Sep 2025; e-voting 26–29 Sep; appoint H. Maheshwari & Associates as secretarial auditor five-year term.
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.