Veekayem Fashion & Apparels Ltd
Incorporated in 1985, Veekayem Fashion and Apparels Limited is engaged in the business of weaving and garment manufacturing.[1]
- Market Cap ₹ 161 Cr.
- Current Price ₹ 274
- High / Low ₹ 275 / 42.2
- Stock P/E 55.5
- 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 4.15 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
Half Yearly Results
Figures in Rs. Crores
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: | 438% |
| 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% |
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.