Price
Financials
Standalone, Rs crore| Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 99 | 136 | 94 | 149 | 123 | 199 | 98 | 266 |
| Expenses | 93 | 129 | 87 | 141 | 113 | 185 | 87 | 250 |
| Operating Profit | 6 | 7 | 7 | 9 | 10 | 14 | 12 | 17 |
| OPM % | 6% | 5% | 8% | 6% | 8% | 7% | 12% | 6% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest | 4 | 5 | 4 | 5 | 5 | 7 | 6 | 7 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 |
| Profit before tax | 1 | 2 | 2 | 3 | 4 | 6 | 4 | 10 |
| Tax % | 65% | 26% | 32% | 21% | 26% | 17% | 27% | 30% |
| Net Profit | 0 | 1 | 2 | 2 | 3 | 5 | 3 | 7 |
| EPS in Rs | 0.78 | 2.30 | 2.64 | 4.22 | 5.05 | 7.97 | 5.41 | 11.66 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 203 | 216 | 77 | 149 | 235 | 244 | 321 | 364 |
| Expenses | 193 | 205 | 67 | 139 | 222 | 228 | 298 | 336 |
| Operating Profit | 11 | 10 | 10 | 10 | 13 | 16 | 23 | 28 |
| OPM % | 5% | 4.7% | 12% | 7% | 6% | 7% | 7% | 8% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest | 7 | 7 | 8 | 8 | 9 | 10 | 12 | 13 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Profit before tax | 3 | 2 | 1 | 2 | 3 | 5 | 10 | 14 |
| Tax % | 15% | 30% | 39% | -24% | 42% | 26% | 21% | 29% |
| Net Profit | 2 | 1 | 0 | 2 | 2 | 4 | 8 | 10 |
| EPS in Rs | 5.31 | 2.54 | 0.72 | 4.40 | 3.08 | 6.86 | 13.00 | 17.07 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 37% | 16% | 13% | ||
| Compounded Profit Growth | % | 100% | 77% | 32% | ||
| Stock Price CAGR | % | % | 8% | -63% | ||
| Return on Equity | % | 11% | 14% | 15% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 6 | 6 | 6 | 7 |
| Reserves | 23 | 24 | 25 | 27 | 31 | 35 | 50 | 74 |
| Borrowings | 65 | 72 | 81 | 82 | 89 | 96 | 112 | 132 |
| Other Liabilities | 25 | 20 | 14 | 20 | 18 | 19 | 38 | 78 |
| Total Liabilities | 118 | 121 | 123 | 133 | 144 | 155 | 206 | 291 |
| Fixed Assets | 24 | 22 | 21 | 21 | 23 | 24 | 30 | 48 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 94 | 98 | 102 | 111 | 121 | 131 | 175 | 243 |
| Total Assets | 118 | 121 | 123 | 133 | 144 | 155 | 206 | 291 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 5 | 5 | -3 | 6 | 0 | 5 | -3 | -5 |
| Cash from Investing Activity | -3 | 0 | -0 | -1 | -3 | -3 | -9 | -18 |
| Cash from Financing Activity | -2 | -5 | 3 | -6 | 3 | -2 | 13 | 23 |
| Net Cash Flow | 0 | 0 | -0 | -2 | -0 | -0 | 0 | -0 |
| Free Cash Flow | 2 | 5 | -4 | 5 | -3 | 2 | -13 | -24 |
| CFO/OP | 51% | 47% | -34% | 63% | 8% | 37% | -4% | -7% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 77 | 65 | 158 | 90 | 75 | 92 | 106 | 149 |
| Inventory Days | 105 | 111 | 408 | 213 | 128 | 123 | 107 | 102 |
| Days Payable | 45 | 32 | 68 | 52 | 26 | 25 | 44 | 83 |
| Cash Conversion Cycle | 137 | 144 | 498 | 252 | 177 | 191 | 168 | 168 |
| Working Capital Days | 32 | 35 | 82 | 47 | 41 | 42 | 40 | 41 |
| ROCE % | 9% | 8% | 8% | 10% | 11% | 14% | 14% |
| Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Promoters | 73.04% | 73.04% | 73.04% | 73.04% | 73.04% | 73.11% | 73.08% | 73.61% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.09% | 0.00% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.37% | 0.54% | 1.06% | 1.06% | 0.89% |
| Public | 26.96% | 26.96% | 26.96% | 26.58% | 26.41% | 25.84% | 25.78% | 25.50% |
| No. of Shareholders | 281 | 226 | 190 | 208 | 251 | 271 | 253 | 331 |
Fundamentals
Market Cap₹ 62.2 Cr.
Current Price₹ 106
Stock P/E6.20
Book Value₹ 137
ROCE14.1 %
ROE14.7 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)13%
Compounded Profit Growth (TTM)32%
Standalone figures.
Valuation
Market capRs 61 Cr
Enterprise valueRs 157 Cr
P/E (TTM)15.16x
Price to book1.48x
Price to sales0.25x
EV / EBITDA9.48x
EV / EBIT10.42x
EV / sales0.64x
Price to cash flow13.17x
Earnings yield6.59%
P/E, 3-year average25.51x
P/B, 3-year average2.17x
P/E, 5-year average25.51x
P/B, 5-year average2.17x
Profitability
Operating margin (excl. other income)6.57%
Operating margin (incl. other income)6.78%
EBITDA margin6.78%
Pre-tax margin2.23%
Net profit margin1.65%
ROE10.27%
ROCE11.44%
ROA2.69%
ROE, 3-year average7.29%
ROCE, 3-year average9.93%
ROA, 3-year average1.83%
ROE, 5-year average5.36%
ROCE, 5-year average9.41%
ROA, 5-year average1.33%
ROIC (approx.)8.16%
Tax rate25.78%
Other income / net worth1.21%
Growth
Sales growth (latest year)3.71%
Profit growth (latest year)122.65%
Sales CAGR, 3 years47.13%
Sales CAGR, 5 years3.72%
Profit CAGR, 3 years135.13%
Profit CAGR, 5 years12.07%
Per share
EPS (TTM)Rs 6.86
EPS (latest year)Rs 6.86
EPS, 3-year averageRs 4.78
EPS, 5-year averageRs 3.52
Book value per shareRs 70.22
Sales per shareRs 414.96
Cash flow per shareRs 7.90
Free cash flow per shareRs -40.85
Efficiency
Asset turnover1.57x
Fixed asset turnover9.97x
Inventory turnover3.18x
Inventory days115 days
Debtor days92 days
Debtors turnover3.96x
Creditor days83 days
Cash conversion cycle168 days
Working capital days41 days
Leverage
Total debtRs 96 Cr
Cash and bankRs 0 Cr
Net debtRs 95 Cr
Debt to equity2.32x
Net debt / EBITDA5.78x
Interest coverage1.57x
Owners' fund to total sources26.54%
Debt to assets61.52%
Cash flow
Cash from Operating Activity (latest year)Rs 5 Cr
Cash from Investing Activity (latest year)Rs -3 Cr
Cash from Financing Activity (latest year)Rs -2 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -24 Cr
FCFE (approx.: FCF + change in debt)Rs -17 Cr
Cash from ops / profit, 5 years0.12x
Sales to cash flow52.55x
Statement figures
Net sales (TTM)Rs 244 Cr
Net sales (latest year)Rs 244 Cr
Operating profit excl. other income (latest year)Rs 16 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 17 Cr
PBDT (TTM)Rs 7 Cr
Profit before tax (TTM)Rs 5 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 4 Cr
Depreciation (TTM)Rs 1 Cr
Interest (TTM)Rs 10 Cr
Cost of goods sold (latest year)Rs 208 Cr
Total expenditure (latest year)Rs 228 Cr
Total income (latest year)Rs 244 Cr
Share capitalRs 6 Cr
ReservesRs 35 Cr
Shareholders' fundsRs 41 Cr
Total assetsRs 155 Cr
Net blockRs 24 Cr
InvestmentsRs 0 Cr
ReceivablesRs 62 Cr
InventoryRs 65 Cr
Other liabilitiesRs 19 Cr
Shares outstanding (crore)0.59
Ownership
Promoter holding73.61% (+0.57 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 15.2 is the lowest in its own 3.9-year history
(median 70.9, low 15.2, high 335.5).
P/B 1.48 is at the 24th percentile (median 2.22).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | VEEKAYEM | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +1.7% | -2.8% | +4.5 pts |
| 1 month | -3.8% | -6.8% | +3.0 pts |
| 3 months | -18.8% | -7.6% | -11.1 pts |
| 6 months | -3.8% | +0.4% | -4.2 pts |
| 1 year | -59.0% | -9.9% | -49.0 pts |
| 2 years | -52.1% | -13.6% | -38.6 pts |
| 3 years | +28.3% | +14.2% | +14.1 pts |
Red flags
F-score 7 of 8| explain | Share dilution Share count up 0% in a year, 37% in three |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹266 Cr +78.5% vs Mar 2024.
Net profit ₹7 Cr +250.0%.
Against our estimate for Mar 2026: sales +25.4%, profit +33.3% beat.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Page Industries Ltd | 40,801 | 52.2 | 64.4 % |
| Arvind Ltd | 14,838 | 33.8 | 14.7 % |
| Pearl Global Industries Ltd | 11,921 | 38.0 | 19.9 % |
| Gokaldas Exports Ltd | 4,972 | 48.3 | 7.65 % |
| Lux Industries Ltd | 3,321 | 32.1 | 7.68 % |
| Kewal Kiran Clothing Ltd | 2,884 | 19.5 | 17.2 % |
| SBC Exports Ltd | 2,607 | 76.8 | 16.7 % |
| S P Apparels Ltd | 2,356 | 22.4 | 14.0 % |
| Kitex Garments Ltd | 2,304 | 1.59 % | |
| Cantabil Retail India Ltd | 1,949 | 20.0 | 19.4 % |
| Dollar Industries Ltd | 1,593 | 14.4 | 13.6 % |
| Iris Clothings Ltd | 1,195 | 68.0 | 16.0 % |
| Monte Carlo Fashions Ltd | 1,070 | 10.2 | 14.0 % |
| Rupa & Company Ltd | 1,053 | 13.5 | 9.59 % |
| Karnika Industries Ltd | 775 | 27.7 | % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
High low price variation greater than 150perc in previous 12 monthsHigh low price variation greater than 200perc in previous 365 DaysLess than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly traded
Quick answers
What is the market cap of Veekayem Fashion & Apparels Ltd?
Veekayem Fashion & Apparels Ltd (VEEKAYEM) has a market capitalisation of Rs 62.2 Cr. at the 2026-10-01 close.
What is the P/E ratio of Veekayem Fashion & Apparels Ltd?
Veekayem Fashion & Apparels Ltd trades at a P/E of 6.20 on trailing twelve-month profit, at the 2026-10-01 close.
What were Veekayem Fashion & Apparels Ltd's latest quarterly results?
In the Mar 2026 quarter, Veekayem Fashion & Apparels Ltd sales was Rs 266 Cr (+78.5% vs Mar 2024) and net profit was Rs 7 Cr.
What is the 52-week high and low of Veekayem Fashion & Apparels Ltd?
The 52-week high is Rs 302.00 and the 52-week low is Rs 79.80.