Veekayem Fashion & Apparels Ltd
Incorporated in 1985, Veekayem Fashion and Apparels Ltd manufactures
grey fabric, yarn, and ready-made garments[1]
- Market Cap ₹ 67.0 Cr.
- Current Price ₹ 114
- High / Low ₹ 318 / 79.8
- Stock P/E 6.68
- Book Value ₹ 137
- Dividend Yield 0.00 %
- ROCE 14.1 %
- ROE 14.7 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.83 times its book value
- Company has delivered good profit growth of 100% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 13.9% over last 3 years.
- Debtor days have increased from 115 to 148 days.
* 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
Part of Nifty SME Emerge
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 203 | 216 | 77 | 149 | 235 | 244 | 321 | 365 | |
| 193 | 205 | 67 | 139 | 222 | 228 | 298 | 337 | |
| Operating Profit | 11 | 10 | 10 | 10 | 13 | 16 | 23 | 28 |
| OPM % | 5% | 4.7% | 12% | 7% | 6% | 7% | 7% | 8% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Interest | 7 | 7 | 8 | 8 | 9 | 10 | 12 | 13 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Profit before tax | 3 | 2 | 1 | 2 | 3 | 5 | 10 | 14 |
| Tax % | 15% | 30% | 39% | -24% | 42% | 26% | 21% | 29% |
| 2 | 1 | 0 | 2 | 2 | 4 | 8 | 10 | |
| EPS in Rs | 5.31 | 2.54 | 0.72 | 4.40 | 3.08 | 6.86 | 13.00 | 17.07 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 16% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 100% |
| 3 Years: | 77% |
| TTM: | 31% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| 1 Year: | -57% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 14% |
| Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 6 | 6 | 6 | 7 |
| Reserves | 23 | 24 | 25 | 27 | 31 | 35 | 50 | 74 |
| 65 | 72 | 81 | 82 | 89 | 96 | 112 | 132 | |
| 25 | 20 | 14 | 20 | 18 | 19 | 38 | 78 | |
| Total Liabilities | 118 | 121 | 123 | 133 | 144 | 155 | 206 | 291 |
| 24 | 22 | 21 | 21 | 23 | 24 | 30 | 48 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 94 | 98 | 102 | 111 | 121 | 131 | 175 | 243 | |
| Total Assets | 118 | 121 | 123 | 133 | 144 | 155 | 206 | 291 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 5 | 5 | -3 | 6 | 0 | 5 | -3 | -5 | |
| -3 | 0 | -0 | -1 | -3 | -3 | -9 | -18 | |
| -2 | -5 | 3 | -6 | 3 | -2 | 13 | 23 | |
| Net Cash Flow | 0 | 0 | -0 | -2 | -0 | -0 | 0 | -0 |
| Free Cash Flow | 2 | 5 | -4 | 5 | -3 | 2 | -13 | -24 |
| CFO/OP | 51% | 47% | -34% | 63% | 8% | 37% | -4% | -7% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 77 | 65 | 158 | 90 | 75 | 92 | 106 | 148 |
| Inventory Days | 105 | 111 | 408 | 213 | 128 | 123 | 107 | 102 |
| Days Payable | 45 | 32 | 68 | 52 | 26 | 25 | 44 | 83 |
| Cash Conversion Cycle | 137 | 144 | 498 | 252 | 177 | 191 | 168 | 167 |
| Working Capital Days | 32 | 35 | 82 | 47 | 41 | 42 | 40 | 41 |
| ROCE % | 9% | 8% | 8% | 10% | 11% | 14% | 14% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Cloth Sales as % of Total Revenue from Operations % |
|
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| Garment Sales as % of Total Revenue from Operations % |
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| Foreign Exchange Earnings (Exports) Rs lakhs |
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| Permanent Employees count |
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| Installed Fabric Capacity lakh meters per annum |
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| Installed Garment Capacity lakh pieces per annum |
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| Men's Wear as % of Total Turnover % |
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Extracted by Screener AI
Documents
Announcements
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted Regulation 74(5) depository certificate for quarter ended 30 June 2026.
-
Disclosure under SEBI Takeover Regulations
- Veekayem Fashion And Apparels Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and …
-
Statement of deviation(s) or variation(s) under Reg. 32
- No deviation in preferential issue proceeds; Rs. 2,041.26 lakhs fully utilized by March 31, 2026.
-
Structural Digital Database
- Compliance certificate for FY ended 31 March 2026 confirms SDD compliance and 8 required events captured.
-
Outcome of Board Meeting
- Board approved standalone and consolidated audited results for half year and year ended 31 March 2026; unmodified opinion.
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.