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Veekayem Fashion And Apparels Ltd (VEEKAYEM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: VEEKAYEM Textile | Small Cap | Veekayem Fashion Share Price

BSE Share Price
Not Listed

Veekayem Fashion And Apparels Ltd (VEEKAYEM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: VEEKAYEM Textile | Small Cap | Veekayem Fashion Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹96 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹14.5
TTM Sales
₹365 Cr.
Book Value per Share
₹72
P/E Ratio
9.54
Lower than its 5-year historical median
Industry PE
36.6
Price to Book (P/B)
1.92
Higher than its 5-year historical median
Price to Sales (P/S)
0.26
Lower than its 5-year historical median
EV/EBITDA
7.07
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
16.96%
Outperforms industry median
Return on Capital Employed (ROCE)
14.05%
Outperforms industry median
Return on Assets (ROA)
4.23%
Operating Profit Margin
7.3%
Net Profit Margin
2.38%
Gross Profit Margin
3.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
31.77%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
45.51%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
89.58%
Asset Quality
Promoter Holding
73.61%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹43 Cr.
Equity
₹6.9 Cr.
Face Value
₹10
All Time Low / High
- / -

Veekayem Fashion And Apparels stock performance

Key Ratios
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M-Cap below 100cr DeciZen not available

Q.1 Is Veekayem Fashion And Apparels Ltd a good quality company?
Veekayem Fashion And Apparels Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Veekayem Fashion And Apparels Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Veekayem Fashion And Apparels Ltd vs industry peers?
Veekayem Fashion And Apparels Ltd revenue CAGR is 8.31%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Veekayem Fashion And Apparels Ltd?
Promoters hold 73.61% of the Veekayem Fashion And Apparels Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Veekayem Fashion And Apparels Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 41.64% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Veekayem Fashion And Apparels Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 10.3%10.8%10.9%10.6%9.4%7.9%8.1%10.2%11.4%14.1%-
Value Creation
Index
-0.3-0.2-0.2-0.2-0.3-0.4-0.4-0.3-0.20-

Growth Parameters

Sales 16317516620321676.6149235244321365
Sales YoY Gr.-7.4%-5.1%22.1%6.1%-64.5%94.6%57.8%3.7%31.8%-
Adj EPS 2.133.55.32.30.84.236.81314.5
YoY Gr.-40.1%17.2%51.7%-57.2%-63.7%417.1%-30.4%131.9%89.3%-
BVPS (₹) 52.455.458.964.166.967.772.263.470.283.272
Adj Net
Profit
0.91.31.52.310.41.81.747.610
Cash Flow from Ops. -1.43.52.15.14.83.960.34.6-3.4-
Debt/CF from Ops. -34.615.227.812.615.120.613.7264.620.6-32.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 7.8%8.3%29.2%31.8%
Adj EPS 22.3%41.8%45.1%89.3%
BVPS5.3%4.5%4.9%18.5%
Share Price - - 43.6% -47.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
4.15.56.18.63.51.26.15.110.215.618.6
Op. Profit
Mgn %
4.65.365.24.712.46.65.66.67.3NAN
Net Profit
Mgn %
0.60.70.91.10.50.51.20.71.72.42.8
Debt to
Equity
2.22.22.42.32.52.82.62.42.32.3-
Working Cap
Days
1301481691561624732591801881730
Cash Conv.
Cycle
1091121271141233692051431581420

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales163.21175.23166.32203.15215.5276.56149.01235.10243.82321.29
Operating Expenses + 155.65166.03156.30192.54205.3067.05139.14221.93227.80297.98
Manufacturing Costs7.952.102.131.9115.927.4612.5322.0815.5214.51
Material Costs137.52144.76132.14164.87173.7251.29112.86180.64192.98263.23
Employee Cost 7.558.099.7611.9913.277.0711.7914.9515.5816.04
Other Costs 2.6311.0812.2613.782.391.231.964.263.714.20
Operating Profit 7.569.2010.0310.6110.219.519.8613.1616.0223.31
Operating Profit Margin (%) 4.6%5.2%6.0%5.2%4.7%12.4%6.6%5.6%6.6%7.3%
Other Income + 0.620.010.020.020.200.140.460.420.500.35
Exceptional Items 0000000000
Interest 5.466.116.376.667.467.857.529.039.6011.79
Depreciation 1.271.181.251.301.391.301.281.421.492.23
Profit Before Tax 1.451.922.432.681.560.511.533.125.439.64
Tax 0.540.640.930.410.470.15-0.361.311.402
Profit After Tax 0.911.281.502.271.090.351.891.814.037.64
PAT Margin (%) 0.6%0.7%0.9%1.1%0.5%0.5%1.3%0.8%1.7%2.4%
Adjusted EPS (₹)2.13.03.55.32.50.84.43.16.913.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Veekayem Fashion - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 22.4923.7725.2627.5328.7029.0530.9837.2341.2548.90
Share Capital 4.294.294.294.294.294.294.295.885.885.88
Reserves 18.2019.4720.9723.2424.4024.7626.6931.3535.3843.02
Debt +47.5351.4957.1061.3768.1479.3379.4084.8593.28108.70
Long Term Debt5.389.708.347.422.158.757.789.568.728.49
Short Term Debt42.1541.7848.7653.9565.9970.5871.6275.2984.56100.22
Minority Interest0000000000
Trade Payables1217.5114.4621.0515.029.5116.0812.951331.88
Others Liabilities 6.563.785.137.499.055.636.248.707.9116.82
Total Liabilities 88.5996.55101.95117.45120.90123.52132.70143.73155.44206.30

Fixed Assets

Net Fixed Assets +20.7921.7322.0323.6822.2521.2521.262324.4530.48
Gross Block41.9044.0245.5748.5146.8747.1748.4551.6254.5762.82
Accumulated Depreciation21.1122.2923.5324.8324.6225.9227.2028.6230.1132.34
CWIP 0000000000.91
Investments 0.100.100.170.170.220.220.280.220.250.25
Inventories24.2927.9436.1847.4152.7957.2765.9663.3965.2276.92
Trade Receivables42.3345.1241.6043.1638.3033.1036.8248.6161.5693.15
Cash Equivalents 0.310.120.090.050.221.850.190.110.170.30
Others Assets 0.751.541.882.987.139.848.198.393.804.29
Total Assets 88.5996.55101.95117.45120.90123.52132.70143.73155.44206.30

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -1.433.462.135.114.783.915.970.344.64-3.40
PBT 1.451.922.432.681.560.511.533.125.439.64
Adjustment 6.647.187.477.788.588.958.5410.2110.2113.14
Changes in Working Capital -9.2-5.35-7.03-4.72-4.98-5.51-3.81-12.29-9.68-23.83
Tax Paid -0.32-0.29-0.74-0.63-0.39-0.04-0.28-0.71-1.31-2.35
Cash Flow From Investing Activity + -1.29-2.11-1.52-2.920.20-0.22-1.25-3.01-2.70-9.10
Capex -1.29-2.12-1.55-2.940.21-0.30-1.29-3.17-2.94-9.16
Net Investments 0000-0.050-0.050.06-0.030
Others 00.010.020.020.030.080.080.100.270.06
Cash Flow From Financing Activity + 2.85-1.34-0.64-2.23-4.89-2.06-6.382.60-1.9812.64
Net Proceeds from Shares 00000004.4400
Net Proceeds from Borrowing -1.950000.076.61-0.971.78-0.84-0.24
Interest Paid -5.37-6.01-6.25-6.51-7.39-7.73-7.35-8.88-8.99-10.98
Dividend Paid 0000000000
Others 10.174.665.614.272.42-0.931.945.277.8423.85
Net Cash Flow 0.130.01-0.03-0.040.081.63-1.66-0.08-0.040.14

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)4.135.526.18.593.881.226.285.3110.2616.96
ROCE (%)10.2610.8110.9410.599.377.948.1410.211.4414.05
Asset Turnover Ratio2.061.891.681.851.810.631.161.71.631.78
PAT to CFO Conversion(x)-1.572.71.422.254.3911.173.160.191.15-0.45
Working Capital Days
Receivable Days78.3091.1095.2076.1069170.2085.6066.3082.5087.90
Inventory Days49.9054.4070.4075.1084.90262.40150.90100.4096.3080.70
Payable Days22.4037.2044.2039.3037.9087.3041.4029.3024.5031.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Veekayem Fashion And Apparels Ltd FAQs

The current trading price of Veekayem Fashion on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Veekayem Fashion stood at ₹95.72 Cr

The latest P/E ratio of Veekayem Fashion as of 31-Dec-1969 is 9.54.

The latest P/B ratio of Veekayem Fashion as of 31-Dec-1969 is 1.92.

The 52-week high of Veekayem Fashion is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Veekayem Fashion is ₹365 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Veekayem Fashion And Apparels Ltd is a 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 Weak which suggest that the price of Veekayem Fashion And Apparels Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Veekayem Fashion And Apparels Ltd

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

  • 1985: The company was incorporated as a private limited company.
  • 2016: The company was awarded as ‘Best Supplier Partners – West’ by Reliance Trends for Menswear Category for the year 2015-16.
  • 2018: The company was converted into a public limited company and subsequently, name of the company was changed from ‘Veekayem Textile Mills Private Limited’ to ‘Veekayem Textile Mills Limited’
  • 2018: The name of the company was changed from ‘Veekayem Textile Mills Limited’ to ‘Veekayem Fashion and Apparels Limited’.
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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