Veekayem Fashion & Apparels Ltd
Incorporated in 1985, Veekayem Fashion and Apparels Ltd manufactures
grey fabric, yarn, and ready-made garments[1]
- Market Cap ₹ 153 Cr.
- Current Price ₹ 260
- High / Low ₹ 338 / 174
- Stock P/E 20.0
- 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 2.72 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: | 9% |
| 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 | 123 | 130 | 419 | 222 | 158 | 169 | 158 |
| ROCE % | 9% | 8% | 8% | 10% | 11% | 14% |
Documents
Announcements
-
Structural Digital Database
30 May 2025 - Compliance certificate confirming insider trading database maintained with no non-compliance for FY ended March 2025.
-
Outcome of Board Meeting
29 May 2025 - Approved standalone audited financial results for FY ended March 31, 2025, with unmodified audit opinion.
-
General Updates
26 May 2025 - Appointment of P.G. Kanvinde & Associates as internal auditor for FY 2025-26.
-
Board Meeting Intimation
23 May 2025 - Veekayem Fashion and Apparels Limited has informed about Board Meeting to be held on 29-May-2025 to inter-alia consider and approve the Audited Financial results of …
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
19 April 2025 - Submission of SEBI Reg 74(5) certificate for Q4 FY25
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.