Veejay Lakshmi Engineering Works Ltd
Incorporated in 1974, Veejay Lakshmi Engineering Works Ltd manufactures textile machinery and also yarn and knitted fabrics[1]
- Market Cap ₹ 54.0 Cr.
- Current Price ₹ 107
- High / Low ₹ 107 / 32.0
- Stock P/E
- Book Value ₹ 36.5
- Dividend Yield 0.00 %
- ROCE -4.71 %
- ROE -22.3 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company's working capital requirements have reduced from 63.1 days to 31.2 days
Cons
- Stock is trading at 2.92 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -19.2% 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 - Cotton/Blended
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
65.71 | 70.99 | 110.06 | 78.79 | 88.26 | 81.36 | 79.53 | 68.77 | 51.32 | 74.95 | 63.97 | 87.09 | |
59.41 | 65.43 | 113.09 | 79.33 | 84.73 | 84.54 | 76.63 | 76.00 | 50.76 | 70.31 | 74.08 | 90.50 | |
Operating Profit | 6.30 | 5.56 | -3.03 | -0.54 | 3.53 | -3.18 | 2.90 | -7.23 | 0.56 | 4.64 | -10.11 | -3.41 |
OPM % | 9.59% | 7.83% | -2.75% | -0.69% | 4.00% | -3.91% | 3.65% | -10.51% | 1.09% | 6.19% | -15.80% | -3.92% |
-4.66 | 0.19 | 15.23 | 1.14 | 0.70 | 0.74 | 2.03 | 1.74 | 0.46 | 0.87 | 0.32 | 3.43 | |
Interest | 0.83 | 0.73 | 2.47 | 0.78 | 0.65 | 1.22 | 1.28 | 1.14 | 1.56 | 2.03 | 1.73 | 2.37 |
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 |
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 |
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 | |
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 |
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: | 36% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -23% |
TTM: | 68% |
Stock Price CAGR | |
---|---|
10 Years: | 8% |
5 Years: | 34% |
3 Years: | 32% |
1 Year: | 214% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |
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 |
6.58 | 7.28 | 28.33 | 13.67 | 11.82 | 29.28 | 15.26 | 13.09 | 21.61 | 17.54 | 33.28 | 28.59 | |
13.62 | 8.90 | 15.21 | 14.49 | 14.34 | 12.00 | 14.55 | 13.93 | 10.41 | 11.07 | 9.47 | 13.48 | |
Total Liabilities | 91.11 | 87.88 | 105.74 | 86.41 | 88.56 | 98.20 | 86.56 | 69.91 | 72.50 | 70.46 | 65.21 | 60.57 |
27.89 | 25.26 | 47.43 | 46.15 | 44.32 | 42.76 | 40.58 | 38.84 | 40.92 | 41.16 | 38.66 | 37.14 | |
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 |
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 |
39.20 | 34.60 | 58.28 | 31.51 | 43.50 | 54.31 | 44.95 | 27.06 | 30.40 | 27.68 | 24.87 | 20.89 | |
Total Assets | 91.11 | 87.88 | 105.74 | 86.41 | 88.56 | 98.20 | 86.56 | 69.91 | 72.50 | 70.46 | 65.21 | 60.57 |
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 | 0.39 | |
-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 | 0.04 |
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 | 125.70 | 66.01 |
Days Payable | 29.01 | 12.34 | 44.52 | 38.60 | 42.99 | 35.22 | 48.14 | 66.42 | 37.91 | 28.96 | 7.32 | 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 | 121.05 | 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 | 81.82 | 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% | -4.71% |
Documents
Announcements
- Board Meeting Intimation for INTIMATION OF BOARD MEETING FOR CONSIDERATION OF UNAUDITED FINANCIAL RESULTS FOR QUARTER ENDED JUNE 2024 ALONG WITH OTHER SUBJECTS. 16 Jul
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jul - OUR REGISTRAR AND TRANSFER AGENT LINK INTIME INDIA P. LTD HAS VIDE CERTIFICATE DATED 03-07-2024 FOR QUARTER JUNE 2024, CONFIRMED THAT THE SECURITIES RECEIVED FROM …
- RESULTS-AUDITED FINANCIAL RESULTS FOR QUARTER / YEAR ENDED 31-03-2024 29 Jun
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - SECRETARIAL COMPLIANCE AUDIT FOR YEAR ENDED MARCH 31, 2024 WAS CARRIED OUT BY MS. ARUMUGAM SAKTHI, PRACTICING COMPANY SECRETARY, M.NO. A41954, CP:20320 AND SIGNED DATED …
- RESULTS- AUDITED FINANCIAL RESULTS FOR QUARTER / YEAR ENDED 31-03-2024 29 May
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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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