Veejay Lakshmi Engineering Works Ltd

₹ 107 4.99%

24 Jul - close price

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 ₹ 54.0 Cr.
Current Price ₹ 107
High / Low ₹ 107 / 32.0
Stock P/E
Book Value ₹ 39.6
Dividend Yield 0.00 %
ROCE -4.57 %
ROE -20.8 %
Face Value ₹ 10.0

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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 2.69 times its book value
Company has low interest coverage ratio.
Company has a low return on equity of -18.3% 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

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	22.96	12.63	18.22	23.37	20.72	17.85	21.18	13.85	11.09	18.80	24.89	21.29	22.11
	22.13	12.47	16.25	21.27	20.42	20.00	26.28	15.87	11.98	20.52	25.42	21.83	22.75
Operating Profit	0.83	0.16	1.97	2.10	0.30	-2.15	-5.10	-2.02	-0.89	-1.72	-0.53	-0.54	-0.64
OPM %	3.61%	1.27%	10.81%	8.99%	1.45%	-12.04%	-24.08%	-14.58%	-8.03%	-9.15%	-2.13%	-2.54%	-2.89%
	0.33	0.60	0.10	0.09	0.09	0.06	0.11	0.05	0.09	0.31	0.38	0.40	2.35
Interest	0.50	0.62	0.46	0.38	0.48	0.51	0.53	0.55	0.08	0.65	0.56	0.54	0.62
Depreciation	0.64	0.62	0.67	0.64	0.71	0.61	0.64	0.64	0.64	0.61	0.62	0.62	0.59
Profit before tax	0.02	-0.48	0.94	1.17	-0.80	-3.21	-6.16	-3.16	-1.52	-2.67	-1.33	-1.30	0.50
Tax %	350.00%	2.08%	-8.51%	-1.71%	-8.75%	0.93%	-2.60%	0.63%	7.24%	-4.49%	-6.02%	2.31%	-14.00%
	-0.02	-0.53	1.10	1.17	-0.74	-3.27	-6.02	-3.21	-1.51	-2.57	-1.22	-1.39	0.60
EPS in Rs	-0.04	-1.04	2.17	2.31	-1.46	-6.45	-11.87	-6.33	-2.98	-5.07	-2.41	-2.74	1.18
Raw PDF

Upcoming result date: 8 August 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	108.20	116.21	147.16	78.79	88.26	81.36	79.53	68.77	51.32	74.95	63.97	87.09
	102.95	106.16	137.41	79.33	84.74	84.54	76.63	76.00	50.76	70.31	74.08	90.50
Operating Profit	5.25	10.05	9.75	-0.54	3.52	-3.18	2.90	-7.23	0.56	4.64	-10.11	-3.41
OPM %	4.85%	8.65%	6.63%	-0.69%	3.99%	-3.91%	3.65%	-10.51%	1.09%	6.19%	-15.80%	-3.92%
	0.64	-4.55	4.74	1.14	0.86	0.95	2.03	1.74	0.46	0.87	0.32	3.43
Interest	4.97	4.54	2.61	0.78	0.65	1.22	1.28	1.14	1.56	2.03	1.73	2.37
Depreciation	8.33	9.85	7.61	4.67	4.69	4.08	3.17	2.57	2.44	2.64	2.53	2.44
Profit before tax	-7.41	-8.89	4.27	-4.85	-0.96	-7.53	0.48	-9.20	-2.98	0.84	-14.05	-4.79
Tax %	1.35%	-62.54%	-6.32%	-18.56%	62.50%	-30.41%	141.67%	45.65%	-1.01%	-19.05%	0.00%	-4.80%
	-7.51	-3.33	4.55	-3.95	-1.56	-5.24	-0.09	-13.47	-2.98	1.00	-14.00	-4.58
EPS in Rs	-14.81	-6.57	8.97	-7.79	-3.08	-10.33	-0.18	-26.56	-5.88	1.97	-27.60	-9.03
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:	-5%
5 Years:	2%
3 Years:	19%
TTM:	36%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	-23%
TTM:	67%

Stock Price CAGR
10 Years:	8%
5 Years:	34%
3 Years:	32%
1 Year:	213%

Return on Equity
10 Years:	%
5 Years:	-18%
3 Years:	-18%
Last Year:	-21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	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	57.98	54.65	59.20	54.22	58.54	53.28	53.22	39.25	36.84	38.28	18.91	15.02
	51.84	49.32	29.60	13.67	11.82	29.28	15.26	13.09	21.61	17.54	33.28	28.59
	18.94	15.54	29.75	14.48	14.34	11.99	14.56	13.93	10.41	11.07	9.48	13.47
Total Liabilities	133.83	124.58	123.62	87.44	89.77	99.62	88.11	71.34	73.93	71.96	66.74	62.15
	76.34	68.25	62.92	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	0.03	0.03	0.03	9.78	1.96	2.55	2.58	1.86	2.58	3.12	3.21	4.12
	57.46	56.30	60.67	31.51	43.49	54.31	44.95	27.05	30.40	27.68	24.87	20.89
Total Assets	133.83	124.58	123.62	87.44	89.77	99.62	88.11	71.34	73.93	71.96	66.74	62.15

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	8.90	6.63	7.35	-3.27	8.23	-5.49	-0.05	-6.13	8.43	-9.44	7.27
	-3.72	-1.58	-10.22	6.78	-2.25	0.28	-3.84	-0.93	-2.35	0.04	0.39
	-6.33	-6.33	-3.01	-3.37	-0.86	-0.90	3.71	7.18	-5.83	9.03	-7.62
Net Cash Flow	-1.15	-1.28	-5.88	0.13	5.12	-6.12	-0.19	0.12	0.25	-0.37	0.04

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	23.98	15.99	6.10	13.11	15.76	11.53	26.07	22.08	29.23	3.94	2.68	18.90
Inventory Days	209.72	203.35	189.78	133.60	218.08	240.05	226.65	126.91	216.88	157.35	125.70	66.01
Days Payable	24.18	28.58	14.48	38.60	42.99	35.22	48.14	66.42	37.91	28.96	7.32	31.97
Cash Conversion Cycle	209.53	190.76	181.40	108.10	190.85	216.36	204.59	82.57	208.20	132.34	121.05	52.94
Working Capital Days	115.98	107.39	109.01	39.24	104.30	134.18	112.58	60.13	120.69	76.17	81.82	31.18
ROCE %	-2.38%	0.33%	2.02%		-1.04%	-8.35%	1.55%	-13.06%	-2.35%	3.97%	-20.85%	-4.57%

Shareholding Pattern

Numbers in percentages

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	65.24%	65.24%	65.24%	65.24%	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%	34.75%	34.76%	34.76%	34.76%	34.76%	34.76%	34.75%	34.76%	34.76%
No. of Shareholders	4,271	4,249	4,269	4,273	4,274	4,244	4,293	4,278	4,298	4,297	4,266	4,223

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Jun 2024
	63.94%	64.00%	64.00%	64.32%	65.13%	65.24%	65.24%	65.23%	65.23%	65.23%
	0.01%	0.00%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	36.04%	36.00%	35.98%	35.66%	34.85%	34.75%	34.75%	34.76%	34.76%	34.76%
No. of Shareholders	6,169	5,912	5,637	4,673	4,541	4,374	4,269	4,293	4,266	4,223

* 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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Veejay Lakshmi Engineering Works Ltd

Veejay Lakshmi Engineering Works Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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