Past 10 year’s financial track record analysis by Moneyworks4me indicates that Veekayem Fashion And Apparels Ltd is a below average quality company.
The key valuation ratios of Veekayem Fashion And Apparels Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Veekayem Fashion And Apparels Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 12.6% | 10.3% | 10.8% | 10.9% | 10.6% | 9.4% | 7.9% | 8.1% | 10.2% | 11.4% | - |
| Value Creation Index ⓘ | -0.1 | -0.3 | -0.2 | -0.2 | -0.2 | -0.3 | -0.4 | -0.4 | -0.3 | -0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 150 | 163 | 175 | 166 | 203 | 216 | 76.6 | 149 | 235 | 244 | 244 |
| Sales YoY Gr. | - | 9% | 7.4% | -5.1% | 22.1% | 6.1% | -64.5% | 94.6% | 57.8% | 3.7% | - |
| Adj EPS ⓘ | 1.8 | 2.1 | 3 | 3.5 | 5.3 | 2.3 | 0.8 | 4.2 | 3 | 6.8 | 6.9 |
| YoY Gr. | - | 21.1% | 40.1% | 17.2% | 51.7% | -57.2% | -63.7% | 417.1% | -30.4% | 131.9% | - |
| BVPS (₹) ⓘ | 50.3 | 52.4 | 55.4 | 58.9 | 64.1 | 66.9 | 67.7 | 72.2 | 63.4 | 70.2 | 70.2 |
| Adj Net Profit ⓘ | 0.8 | 0.9 | 1.3 | 1.5 | 2.3 | 1 | 0.4 | 1.8 | 1.7 | 4 | 4 |
| Cash Flow from Ops. ⓘ | -9.3 | -1.4 | 3.5 | 2.1 | 5.1 | 4.8 | 3.9 | 6 | 0.3 | 4.6 | - |
| Debt/CF from Ops. ⓘ | -4.4 | -34.6 | 15.2 | 27.8 | 12.6 | 15.1 | 20.6 | 13.7 | 264.6 | 20.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 5.6% | 3.7% | 47.1% | 3.7% | ||||
| Adj EPS ⓘ | 16.4% | 5.3% | 102.8% | 131.9% | ||||
| BVPSⓘ | 3.8% | 1.8% | 1.2% | 10.8% | ||||
| Share Price | - | - | - | 179.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 3.5 | 4.1 | 5.5 | 6.1 | 8.6 | 3.5 | 1.2 | 6.1 | 5.1 | 10.2 | 9.8 |
| Op. Profit Mgn % ⓘ | 5.2 | 4.6 | 5.3 | 6 | 5.2 | 4.7 | 12.4 | 6.6 | 5.6 | 6.6 | NAN |
| Net Profit Mgn % ⓘ | 0.5 | 0.6 | 0.7 | 0.9 | 1.1 | 0.5 | 0.5 | 1.2 | 0.7 | 1.7 | 1.7 |
| Debt to Equity ⓘ | 1.9 | 2.2 | 2.2 | 2.4 | 2.3 | 2.5 | 2.8 | 2.6 | 2.4 | 2.3 | - |
| Working Cap Days ⓘ | 116 | 130 | 148 | 169 | 156 | 162 | 473 | 259 | 180 | 188 | 0 |
| Cash Conv. Cycle ⓘ | 101 | 109 | 112 | 127 | 114 | 123 | 369 | 205 | 143 | 158 | 0 |
Return on Equity has increased versus last 3 years average to 9.80%
Sales growth is growing at healthy rate in last 3 years 47.13%
Net Profit is growing at healthy rate in last 3 years 102.81%
Debt to equity has increased versus last 3 years average to 2.32
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 6.9 | - |
| TTM Sales (₹ Cr.) | 244 | - |
| BVPS (₹.) ⓘ | 70.2 | - |
| Reserves (₹ Cr.) ⓘ | 35 | - |
| P/BV ⓘ | 3.85 | - |
| PE ⓘ | 39.41 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 159 |
| Equity (₹ Cr.) | 5.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 26.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 150 | 163 | 175 | 166 | 203 | 216 | 77 | 149 | 235 | 244 |
| Operating Expenses ⓘ | 142 | 156 | 166 | 156 | 193 | 205 | 67 | 139 | 222 | 228 |
| Manufacturing Costs | 8 | 8 | 2 | 2 | 2 | 16 | 7 | 13 | 22 | 16 |
| Material Costs | 124 | 138 | 145 | 132 | 165 | 174 | 51 | 113 | 181 | 193 |
| Employee Cost | 7 | 8 | 8 | 10 | 12 | 13 | 7 | 12 | 15 | 16 |
| Other Costs ⓘ | 3 | 3 | 11 | 12 | 14 | 2 | 1 | 2 | 4 | 3 |
| Operating Profit ⓘ | 8 | 8 | 9 | 10 | 11 | 10 | 10 | 10 | 13 | 16 |
| Operating Profit Margin (%) | 5.2% | 4.6% | 5.2% | 6.0% | 5.2% | 4.7% | 12.4% | 6.6% | 5.6% | 6.6% |
| Other Income ⓘ | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest ⓘ | 5 | 5 | 6 | 6 | 7 | 7 | 8 | 8 | 9 | 10 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 2 | 1 | 2 | 2 | 3 | 2 | 1 | 2 | 3 | 5 |
| Tax ⓘ | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit After Tax | 1 | 1 | 1 | 1 | 2 | 1 | 0 | 2 | 2 | 4 |
| PAT Margin (%) | 0.5% | 0.6% | 0.7% | 0.9% | 1.1% | 0.5% | 0.5% | 1.3% | 0.8% | 1.7% |
| Adjusted EPS (₹) | 1.8 | 2.1 | 3.0 | 3.5 | 5.3 | 2.5 | 0.8 | 4.4 | 3.1 | 6.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 22 | 22 | 24 | 25 | 28 | 29 | 29 | 31 | 37 | 41 |
| Share Capital ⓘ | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 6 | 6 |
| Reserves ⓘ | 17 | 18 | 19 | 21 | 23 | 24 | 25 | 27 | 31 | 35 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 39 | 48 | 51 | 57 | 61 | 68 | 79 | 79 | 85 | 93 |
| Long Term Debt | 7 | 5 | 10 | 8 | 7 | 2 | 9 | 8 | 10 | 9 |
| Short Term Debt | 32 | 42 | 42 | 49 | 54 | 66 | 71 | 72 | 75 | 85 |
| Trade Payables | 5 | 12 | 18 | 14 | 21 | 15 | 10 | 16 | 13 | 13 |
| Others Liabilities ⓘ | 4 | 7 | 4 | 5 | 7 | 9 | 6 | 6 | 9 | 8 |
| Total Liabilities ⓘ | 70 | 89 | 97 | 102 | 117 | 121 | 124 | 133 | 144 | 155 |
Fixed Assets | ||||||||||
| Gross Block | 41 | 42 | 44 | 46 | 49 | 47 | 47 | 48 | 52 | 55 |
| Accumulated Depreciation | 20 | 21 | 22 | 24 | 25 | 25 | 26 | 27 | 29 | 30 |
| Net Fixed Assetsⓘ | 21 | 21 | 22 | 22 | 24 | 22 | 21 | 21 | 23 | 24 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 20 | 24 | 28 | 36 | 47 | 53 | 57 | 66 | 63 | 65 |
| Trade Receivables | 28 | 42 | 45 | 42 | 43 | 38 | 33 | 37 | 49 | 62 |
| Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 |
| Others Assetsⓘ | 1 | 1 | 2 | 2 | 3 | 7 | 10 | 8 | 8 | 4 |
| Total Assets ⓘ | 70 | 89 | 97 | 102 | 117 | 121 | 124 | 133 | 144 | 155 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -9 | -1 | 3 | 2 | 5 | 5 | 4 | 6 | 0 | 5 |
| PBT ⓘ | 2 | 1 | 2 | 2 | 3 | 2 | 1 | 2 | 3 | 5 |
| Adjustment ⓘ | -3 | 7 | 7 | 7 | 8 | 9 | 9 | 9 | 10 | 10 |
| Changes in Working Capital ⓘ | -7 | -9 | -5 | -7 | -5 | -5 | -6 | -4 | -12 | -10 |
| Tax Paid ⓘ | 0 | 0 | 0 | -1 | -1 | 0 | 0 | 0 | -1 | -1 |
| Cash Flow From Investing Activity ⓘ | -2 | -1 | -2 | -2 | -3 | 0 | 0 | -1 | -3 | -3 |
| Capex | -1 | -1 | -2 | -2 | -3 | 0 | 0 | -1 | -3 | -3 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 11 | 3 | -1 | -1 | -2 | -5 | -2 | -6 | 3 | -2 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 0 |
| Net Proceeds from Borrowing ⓘ | 4 | -2 | 0 | 0 | 0 | 0 | 7 | -1 | 2 | -1 |
| Interest Paid ⓘ | 5 | -5 | -6 | -6 | -7 | -7 | -8 | -7 | -9 | -9 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 1 | 10 | 5 | 6 | 4 | 2 | -1 | 2 | 5 | 8 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 2 | -2 | 0 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 3.53 | 4.13 | 5.52 | 6.1 | 8.59 | 3.88 | 1.22 | 6.28 | 5.31 | 10.26 |
| ROCE (%) | 12.6 | 10.26 | 10.81 | 10.94 | 10.59 | 9.37 | 7.94 | 8.14 | 10.2 | 11.44 |
| Asset Turnover Ratio | 2.17 | 2.06 | 1.89 | 1.68 | 1.85 | 1.81 | 0.63 | 1.16 | 1.7 | 1.63 |
| PAT to CFO Conversion(x) | -9 | -1 | 3 | 2 | 2.5 | 5 | N/A | 3 | 0 | 1.25 | Working Capital Days |
| Receivable Days | 68 | 78 | 91 | 95 | 76 | 69 | 170 | 86 | 66 | 83 |
| Inventory Days | 46 | 50 | 54 | 70 | 75 | 85 | 262 | 151 | 100 | 96 |
| Payable Days | 15 | 22 | 37 | 44 | 39 | 38 | 87 | 41 | 29 | 25 |
The company was originally incorporated as ‘Veekayem Textile Mills Private Limited’ on September 17, 1985 as a private limited company under the Companies Act, 1956 with the Registrar of Companies, Mumbai. Pursuant to a special resolution of its Shareholders passed in the Extra-Ordinary General Meeting held on June 13, 2018, the company was converted from a private limited company to public limited company and consequently, the name of the company was changed to ‘Veekayem Textile Mills Limited’ and a fresh certificate of incorporation dated June 29, 2018 was issued to the company by the Registrar of Companies, Mumbai. Subsequently, pursuant to a special resolution of its Shareholders passed in the Extra-Ordinary General Meeting held on August 18, 2018 the name of the Company was changed to ‘Veekayem Fashion & Apparels Limited’ and a fresh certificate of incorporation dated October 29, 2018 was issued to the Company by the Registrar of Companies, Mumbai.
Veekayem Fashion and Apparels is engaged in the business of weaving and garment manufacturing. It is majorly engaged in the business of manufacturing for various brands, however it also cater to exports and local markets in customized designs as requested by its clients and customers in textile and apparel industry. The company deals in a range of products like Shirting fabrics, Suiting Fabrics, Trouser fabrics, jacketing fabrics, format trousers, cotton trousers and other accessories etc. Its extensive product portfolio of 100% Cotton - Lycra and Non-Lycra, Giza, Supima, Blended Cotton Suiting – Chief Value Cotton, Polyester Cotton, 100% Cotton Yarn Dyed, Polyester Viscose, Terry Rayon Suiting and Mock Linen.
The experience and trade relations developed by its promoters and management have been one of the key instrumental factors in the growth of the company. Krishankant Gupta, Vijaykumar Gupta and Madanlal Gupta are the promoters of the company. They have an adequate experience in the line of the business undertaken by the Company and look after the strategic as well as day to day business operations. The company has testing facility within the premises of manufacturing units. Its manufacturing facility has fully equipped quality control department with experienced staff to facilitate smooth manufacturing process. It has necessary infrastructure to test its raw materials and finished products to match the quality standards and as specified by the relevant customers. All the products are being manufactured strictly as per quality norms using the expertise of its experienced team to provide quality output to its customers at competitive prices.
Business area of the company
The company manufactures grey cloths including polyester / viscos, polyester cotton, 100 % Cotton, 100 % Linen, 100 % Wool and Lycra Fabrics through weaving process. It also manufactures all types of readymade garments for men and women. The broad categories include formal shirts, cotton shirts, formal trousers, cotton trousers, cotton joggers, cotton shorts, pajamas and Bermuda.
Major Events and Milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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