Veekayem Fashion & Apparels Ltd
Incorporated in 1985, Veekayem Fashion and Apparels Ltd manufactures
grey fabric, yarn, and ready-made garments[1]
- Market Cap ₹ 154 Cr.
- Current Price ₹ 263
- High / Low ₹ 338 / 92.0
- Stock P/E 28.3
- Book Value ₹ 85.9
- Dividend Yield 0.00 %
- ROCE 11.4 %
- ROE 10.3 %
- Face Value ₹ 10.0
Pros
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 7.45% 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: Readymade Garments/ Apparells 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 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|
| 203 | 216 | 77 | 149 | 235 | 244 | 272 | |
| 193 | 205 | 67 | 139 | 222 | 228 | 254 | |
| Operating Profit | 11 | 10 | 10 | 10 | 13 | 16 | 19 |
| OPM % | 5% | 5% | 12% | 7% | 6% | 7% | 7% |
| 0 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Interest | 7 | 7 | 8 | 8 | 9 | 10 | 10 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | 3 | 2 | 1 | 2 | 3 | 5 | 7 |
| Tax % | 15% | 30% | 39% | -24% | 42% | 26% | |
| 2 | 1 | 0 | 2 | 2 | 4 | 5 | |
| EPS in Rs | 5.31 | 2.54 | 0.72 | 4.40 | 3.08 | 6.86 | 9.27 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 47% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 135% |
| TTM: | 88% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 172% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 7% |
| Last Year: | 10% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 6 | 6 | 6 |
| Reserves | 23 | 24 | 25 | 27 | 31 | 35 | 45 |
| 65 | 72 | 81 | 82 | 89 | 96 | 102 | |
| 25 | 20 | 14 | 20 | 18 | 19 | 36 | |
| Total Liabilities | 118 | 121 | 123 | 133 | 144 | 155 | 188 |
| 24 | 22 | 21 | 21 | 23 | 24 | 26 | |
| CWIP | -0 | -0 | -0 | -0 | -0 | -0 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 94 | 98 | 102 | 111 | 121 | 131 | 160 | |
| Total Assets | 118 | 121 | 123 | 133 | 144 | 155 | 188 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 5 | 5 | -3 | 6 | 0 | 5 | |
| -3 | 0 | -0 | -1 | -3 | -3 | |
| -2 | -5 | 3 | -6 | 3 | -2 | |
| Net Cash Flow | 0 | 0 | -0 | -2 | -0 | -0 |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 77 | 65 | 158 | 90 | 75 | 92 |
| Inventory Days | 105 | 111 | 408 | 213 | 128 | 123 |
| Days Payable | 45 | 32 | 68 | 52 | 26 | 25 |
| Cash Conversion Cycle | 137 | 144 | 498 | 252 | 177 | 191 |
| Working Capital Days | 123 | 130 | 419 | 222 | 158 | 169 |
| ROCE % | 9% | 8% | 8% | 10% | 11% |
Documents
Announcements
No data available.
Business Overview:[1]
VFAL engages in the processing, manufacturing, dyeing, printing, finishing, and weaving of various textiles. It also deals in synthetic textiles and fabrics, including yarn, cotton, silk, rayon, nylon, polyester, wool, linen, and man-made fibers. VFAL operates as a wholesaler, retailer, broker, and commission agent, handling both wearable and non-wearable textiles.