Veekayem Fashion & Apparels Ltd

Veekayem Fashion & Apparels Ltd

₹ 202 0.25%
23 Feb - close price
About

Incorporated in 1985, Veekayem Fashion and Apparels Limited is engaged in the business of weaving and garment manufacturing.[1]

Key Points

Business Activity[1] It is engaged in the business of weaving and garment manufacturing, manufacturing and creating unique design for various brands in India and abroad.

  • Market Cap 119 Cr.
  • Current Price 202
  • High / Low 210 / 36.0
  • Stock P/E 40.9
  • Book Value 66.0
  • Dividend Yield 0.00 %
  • ROCE 10.2 %
  • ROE 5.31 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 108 to 75.5 days.

Cons

  • Stock is trading at 3.06 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 4.28% 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 - Products

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Half Yearly Results

Figures in Rs. Crores

Sep 2022 Mar 2023 Sep 2023
99 136 94
93 129 87
Operating Profit 6 7 7
OPM % 6% 5% 8%
0 0 0
Interest 4 5 4
Depreciation 1 1 1
Profit before tax 1 2 2
Tax % 65% 26% 32%
0 1 2
EPS in Rs 0.78 2.30 2.64
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
203 216 77 149 235 230
193 205 67 139 222 216
Operating Profit 11 10 10 10 13 14
OPM % 5% 5% 12% 7% 6% 6%
0 0 0 0 0 0
Interest 7 7 8 8 9 9
Depreciation 1 1 1 1 1 1
Profit before tax 3 2 1 2 3 4
Tax % 15% 30% 39% -24% 42%
2 1 0 2 2 3
EPS in Rs 5.31 2.54 0.72 4.40 3.08 4.94
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 3%
TTM: 58%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 23%
TTM: -3%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 396%
Return on Equity
10 Years: %
5 Years: %
3 Years: 4%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4 4 4 4 6 6
Reserves 23 24 25 27 31 33
65 72 81 82 89 88
25 20 14 20 18 24
Total Liabilities 118 121 123 133 144 150
24 22 21 21 23 22
CWIP 0 0 0 0 0 0
Investments 0 0 0 0 0 0
94 98 102 111 121 128
Total Assets 118 121 123 133 144 150

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
5 5 -3 6 0
-3 0 -0 -1 -3
-2 -5 3 -6 3
Net Cash Flow 0 0 -0 -2 -0

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 77 65 158 90 75
Inventory Days 105 111 408 213 128
Days Payable 45 32 68 52 26
Cash Conversion Cycle 137 144 498 252 177
Working Capital Days 123 130 419 222 158
ROCE % 9% 8% 8% 10%

Shareholding Pattern

Numbers in percentages

Sep 2022Mar 2023Sep 2023
73.04% 73.04% 73.04%
26.96% 26.96% 26.96%
No. of Shareholders 281226190

Documents

Announcements

All

No data available.