Veejay Lakshmi Engineering Works Ltd

Veejay Lak. Eng. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Veejay Lakshmi Engineering Works Ltd

₹ 74.5 4.93%
24 Dec - close price
veejaylakshmi.com BSE: 522267
About

Incorporated in 1974, Veejay Lakshmi Engineering Works Ltd manufactures textile machinery and also yarn and knitted fabrics[1]

Key Points

Business Overview:[1]
Company does manufacturing of two for one twisters used in spinning mills. It also has a textile unit to manufacture cotton yarn and knitted fabrics. Company purchases raw materials locally and exports to Bangladesh, Nepal, China, Korea

Website BSE
  • Market Cap ₹ 37.8 Cr.
  • Current Price ₹ 74.5
  • High / Low ₹ 130 / 42.6
  • Stock P/E
  • Book Value ₹ 33.3
  • Dividend Yield 0.00 %
  • ROCE -4.59 %
  • ROE -22.3 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 65.3 days to 31.2 days

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -19.2% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.3.56 Cr.

* 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 - Cotton/Blended

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
18.22 23.37 20.72 17.85 21.18 13.85 11.09 18.80 24.89 21.29 22.11 15.99 22.89
16.25 21.27 20.42 20.00 26.28 15.87 11.98 20.52 25.42 21.83 22.75 16.88 22.44
Operating Profit 1.97 2.10 0.30 -2.15 -5.10 -2.02 -0.89 -1.72 -0.53 -0.54 -0.64 -0.89 0.45
OPM % 10.81% 8.99% 1.45% -12.04% -24.08% -14.58% -8.03% -9.15% -2.13% -2.54% -2.89% -5.57% 1.97%
0.10 0.09 0.09 0.06 0.11 0.05 0.09 0.31 0.38 0.40 2.35 0.33 0.48
Interest 0.46 0.38 0.48 0.51 0.53 0.55 0.08 0.65 0.56 0.54 0.62 0.61 0.71
Depreciation 0.67 0.64 0.71 0.61 0.64 0.64 0.64 0.61 0.62 0.62 0.59 0.61 0.61
Profit before tax 0.94 1.17 -0.80 -3.21 -6.16 -3.16 -1.52 -2.67 -1.33 -1.30 0.50 -1.78 -0.39
Tax % -8.51% -1.71% -8.75% 0.93% -2.60% 0.63% 7.24% -4.49% -6.02% 2.31% -14.00% -5.06% -15.38%
1.02 1.19 -0.73 -3.24 -5.99 -3.18 -1.63 -2.55 -1.24 -1.33 0.57 -1.68 -0.33
EPS in Rs 2.01 2.35 -1.44 -6.39 -11.81 -6.27 -3.21 -5.03 -2.44 -2.62 1.12 -3.31 -0.65
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
65.71 70.99 110.06 78.79 88.26 81.36 79.53 68.77 51.32 74.95 63.97 87.09 82.28
59.41 65.43 113.09 79.33 84.73 84.54 76.63 76.00 50.76 70.31 74.08 90.44 83.90
Operating Profit 6.30 5.56 -3.03 -0.54 3.53 -3.18 2.90 -7.23 0.56 4.64 -10.11 -3.35 -1.62
OPM % 9.59% 7.83% -2.75% -0.69% 4.00% -3.91% 3.65% -10.51% 1.09% 6.19% -15.80% -3.85% -1.97%
-4.66 0.19 15.23 1.14 0.70 0.74 2.03 1.74 0.46 0.87 0.32 3.43 3.56
Interest 0.83 0.73 2.47 0.78 0.65 1.22 1.28 1.14 1.56 2.03 1.73 2.43 2.48
Depreciation 4.99 4.53 9.92 4.67 4.69 4.08 3.17 2.57 2.44 2.64 2.53 2.44 2.43
Profit before tax -4.18 0.49 -0.19 -4.85 -1.11 -7.74 0.48 -9.20 -2.98 0.84 -14.05 -4.79 -2.97
Tax % -31.10% -61.22% -1,068.42% -18.56% 54.05% -29.59% 141.67% 45.65% -1.01% -19.05% 0.00% -4.80%
-2.88 0.79 1.83 -3.95 -1.72 -5.45 -0.20 -13.40 -2.95 0.99 -14.04 -4.56 -2.77
EPS in Rs -5.68 1.56 3.61 -7.79 -3.39 -10.75 -0.39 -26.42 -5.82 1.95 -27.68 -8.99 -5.46
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 2%
5 Years: 2%
3 Years: 19%
TTM: 20%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -23%
TTM: 68%
Stock Price CAGR
10 Years: 6%
5 Years: 23%
3 Years: 15%
1 Year: 65%
Return on Equity
10 Years: -12%
5 Years: -19%
3 Years: -19%
Last Year: -22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 5.07 5.07 5.07 5.07 5.07 5.07 5.07 5.07 5.07 5.07 5.07 5.07 5.07
Reserves 65.84 66.63 57.13 53.18 57.33 51.85 51.68 37.82 35.41 36.78 17.39 13.43 11.80
6.58 7.28 28.33 13.67 11.82 29.28 15.26 13.09 21.61 17.54 33.28 28.59 34.85
13.62 8.90 15.21 14.49 14.34 12.00 14.55 13.93 10.41 11.07 9.46 13.47 15.51
Total Liabilities 91.11 87.88 105.74 86.41 88.56 98.20 86.56 69.91 72.50 70.46 65.20 60.56 67.23
27.89 25.26 47.43 46.15 44.32 42.76 40.58 38.84 40.92 41.16 38.66 37.14 35.93
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.59 0.03 0.00 0.00 0.00 0.00
Investments 24.02 28.02 0.03 8.75 0.74 1.13 1.03 0.42 1.15 1.62 1.68 2.54 3.04
39.20 34.60 58.28 31.51 43.50 54.31 44.95 27.06 30.40 27.68 24.86 20.88 28.26
Total Assets 91.11 87.88 105.74 86.41 88.56 98.20 86.56 69.91 72.50 70.46 65.20 60.56 67.23

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5.34 3.59 8.67 7.35 -3.27 8.23 -5.49 -0.05 -6.13 8.43 -9.44 7.27
-0.71 -1.70 -8.92 -10.22 6.78 -2.25 0.28 -3.84 -0.93 -2.35 0.04 0.34
-4.15 -2.56 7.12 -3.01 -3.37 -0.86 -0.90 3.71 7.18 -5.83 9.03 -7.62
Net Cash Flow 0.48 -0.67 6.87 -5.88 0.13 5.12 -6.12 -0.19 0.12 0.25 -0.37 0.00

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 3.11 3.86 42.95 13.11 15.76 11.53 26.07 22.08 29.23 3.94 2.68 18.90
Inventory Days 287.11 294.31 131.41 133.60 218.08 240.05 226.65 126.91 216.88 157.35 121.12 66.01
Days Payable 29.01 12.34 44.52 38.60 42.99 35.22 48.14 66.42 37.91 28.96 7.06 31.97
Cash Conversion Cycle 261.22 285.82 129.84 108.10 190.85 216.36 204.59 82.57 208.20 132.34 116.74 52.94
Working Capital Days 120.09 132.76 100.19 39.24 104.30 134.27 112.58 60.13 120.69 76.17 88.50 31.18
ROCE % 1.73% 1.34% -14.85% -6.08% -1.26% -8.75% 1.58% -13.36% -2.41% 4.07% -21.40% -4.59%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
65.24% 65.24% 65.24% 65.23% 65.23% 65.23% 65.23% 65.23% 65.23% 65.23% 65.23% 65.23%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
34.75% 34.75% 34.75% 34.76% 34.76% 34.76% 34.76% 34.76% 34.75% 34.76% 34.76% 34.75%
No. of Shareholders 4,2494,2694,2734,2744,2444,2934,2784,2984,2974,2664,2234,291

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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