Veekayem Fashion And Apparels Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: VEEKAYEM | Textile | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Veekayem Fashion

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Veekayem Fashion And Apparels stock performance -

mw4me loader
P/E Ratio (SA):
30.13
Market Cap:
121.3 Cr.
52-wk low:
0
52-wk high:
0

Is Veekayem Fashion And Apparels Ltd an attractive stock to invest in?

1. Is Veekayem Fashion And Apparels Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Veekayem Fashion And Apparels Ltd is a below average quality company.

2. Is Veekayem Fashion And Apparels Ltd undervalued or overvalued?

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.

3. Is Veekayem Fashion And Apparels Ltd a good buy now?

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.

10 Year X-Ray of Veekayem Fashion:

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.4%8.1%7%7.5%7.4%7.9%6.4%5.6%6.4%6.8%-
Value Creation
Index
-0.4-0.4-0.5-0.5-0.5-0.4-0.5-0.6-0.5-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 13215016317516620321676.6149235244
Sales YoY Gr.-13.1%9%7.4%-5.1%22.1%6.1%-64.5%94.6%57.8%-
Adj EPS 1.71.82.133.55.32.30.84.236.9
YoY Gr.-0.6%21.1%40.1%17.2%51.7%-57.2%-63.7%417.1%-30.4%-
BVPS (₹) 48.850.352.455.458.964.166.967.772.263.463.4
Adj Net
Profit
0.70.80.91.31.52.310.41.81.74
Cash Flow from Ops. 0-9.3-1.43.52.15.14.83.960.3-
Debt/CF from Ops. 0-4.4-34.615.227.812.615.120.613.7264.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.6%7.2%2.9%57.8%
Adj EPS 6%-3.3%9.3%-30.4%
BVPS3%1.5%-1.8%-12.2%
Share Price - - - 186.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
3.63.54.15.56.18.63.51.26.15.110.8
Op. Profit
Mgn %
5.55.24.65.365.24.712.46.65.6NAN
Net Profit
Mgn %
0.60.50.60.70.91.10.50.51.20.71.7
Debt to
Equity
1.51.92.22.22.42.32.52.82.62.4-
Working Cap
Days
1181161301481691561624732591800
Cash Conv.
Cycle
1051011091121271141233692051430

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.80%

Debt to equity has declined versus last 3 years average to 2.38

Sales growth has been subdued in last 3 years 2.94%

Net Profit has been subdued in last 3 years 9.29%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Veekayem Fashion And Apparels Ltd.

Standalone Consolidated
TTM EPS (₹) 6.9 -
TTM Sales (₹ Cr.) 244 -
BVPS (₹.) 63.4 -
Reserves (₹ Cr.) 31 -
P/BV 3.26 -
PE 30.13 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 121
Equity (₹ Cr.) 5.9
Face Value (₹) 10
Industry PE 29.4

Management X-Ray of Veekayem Fashion:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Veekayem Fashion

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales13215016317516620321677149235
Operating Expenses 12514215616615619320567139222
Manufacturing Costs2882221671322
Material Costs10812413814513216517451113181
Employee Cost 678810121371215
Other Costs 9331112142124
Operating Profit 7889101110101013
Operating Profit Margin (%) 5.5%5.2%4.6%5.2%6.0%5.2%4.7%12.4%6.6%5.6%
Other Income 1110000000
Interest 5556677889
Depreciation 2111111111
Exceptional Items 0000000000
Profit Before Tax 1212232123
Tax 0111100001
Profit After Tax 1111121022
PAT Margin (%) 0.6%0.5%0.6%0.7%0.9%1.1%0.5%0.5%1.3%0.8%
Adjusted EPS (₹)1.71.82.13.03.55.32.50.84.43.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 21222224252829293137
Share Capital 4444444446
Reserves 17171819212324252731
Minority Interest0000000000
Debt30394851576168797985
Long Term Debt575108729810
Short Term Debt26324242495466717275
Trade Payables551218142115101613
Others Liabilities 11474579669
Total Liabilities 68708997102117121124133144

Fixed Assets

Gross Block40414244464947474852
Accumulated Depreciation18202122242525262729
Net Fixed Assets21212122222422212123
CWIP 0000000000
Investments 0000000000
Inventories18202428364753576663
Trade Receivables28284245424338333749
Cash Equivalents 0000000200
Others Assets11122371088
Total Assets 68708997102117121124133144

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0-9-13255460
PBT 0212232123
Adjustment 0-3777899910
Changes in Working Capital 0-7-9-5-7-5-5-6-4-12
Tax Paid 0000-1-1000-1
Cash Flow From Investing Activity 0-2-1-2-2-300-1-3
Capex 0-1-1-2-2-300-1-3
Net Investments 0000000000
Others 0-100000000
Cash Flow From Financing Activity 0113-1-1-2-5-2-63
Net Proceeds from Shares 0000000004
Net Proceeds from Borrowing 04-200007-12
Interest Paid 05-5-6-6-7-7-8-7-9
Dividend Paid 0000000000
Others 01105642-125
Net Cash Flow 00000002-20
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)3.633.534.135.526.18.593.881.226.285.31
ROCE (%)11.7912.610.2610.8110.9410.599.377.948.1410.2
Asset Turnover Ratio2.032.172.061.891.681.851.810.631.161.7
PAT to CFO Conversion(x)0-9-1322.55N/A30
Working Capital Days
Receivable Days716878919576691708666
Inventory Days46465054707585262151100
Payable Days14152237443938874129

Veekayem Fashion And Apparels Ltd Stock News

Veekayem Fashion And Apparels Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing 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 01-Jan-1970 05:30 the market cap of Veekayem Fashion stood at ₹121.3.
The latest P/E ratio of Veekayem Fashion as of 01-Jan-1970 05:30 is 30.13.
The latest P/B ratio of Veekayem Fashion as of 01-Jan-1970 05:30 is 3.26.
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 ₹243.8 ( Cr.) .

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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