Veejay Lak. Eng.

Which are the latest news on Veejay Lak. Eng.?

Why is Veejay Lakshmi Engineering Works Ltd falling/rising?

As of 18-Jul, Veejay Lakshmi Engineering Works Ltd's stock price is at 35.30, reflecting a significant decline of -2.57% and underperforming against the Sensex. The stock has decreased by -29.40% year-to-date and is trading below all key moving averages, indicating a bearish trend and decreased investor confidence.

As of 18-Jul, Veejay Lakshmi Engineering Works Ltd's stock price is falling, currently at 35.30, which reflects a change of -0.93 or -2.57%. The stock has underperformed significantly compared to the benchmark Sensex, with a weekly decline of -5.97% while the Sensex has risen by +0.75%. Year-to-date, the stock has decreased by -29.40%, contrasting with the Sensex's decline of only -8.30%. Over the past year, the stock has fallen by -36.96%, while the Sensex has seen a much smaller decline of -4.99%.<BR><BR>Additionally, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. Investor participation has also decreased, with delivery volume on 16 July dropping by -18.78% compared to the 5-day average. This decline in trading activity suggests a lack of confidence among investors, contributing to the stock's downward movement. Overall, these factors collectively explain the falling price of Veejay Lakshmi Engineering Works Ltd.

How big is Veejay Lak. Eng.?

As of 10th June, Veejay Lakshmi Engineering Works Ltd has a market capitalization of 17.00 Cr and reported Net Sales of 80.23 Cr, with a Net Profit loss of 5.48 Cr over the latest four quarters.

As of 10th June, Veejay Lakshmi Engineering Works Ltd has a market capitalization of 17.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 80.23 Cr. However, it experienced a loss of 5.48 Cr in Net Profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2025, showing Shareholder's Funds of 16.78 Cr and Total Assets amounting to 60.24 Cr.

Who are in the management team of Veejay Lak. Eng.?

The management team of Veejay Lak. Eng. includes Chairman V. J. Jayaraman, Managing Director & CEO J Anand, and several Non-Executive and Independent Directors, along with a Company Secretary. This diverse team provides both executive leadership and independent oversight.

The management team of Veejay Lak. Eng. includes the following members:<BR><BR>1. **V. J. Jayaraman** - Chairman (Non-Executive)<BR>2. **N M Ananthapadmanabhan** - Non-Executive & Independent Director<BR>3. **N Athimoolam Naidu** - Non-Executive & Independent Director<BR>4. **J Anand** - Managing Director & CEO<BR>5. **B Sriram** - Non-Executive & Independent Director<BR>6. **D Ranganathan** - Whole-time Director<BR>7. **Arthi Anand** - Non-Executive & Non-Independent Director<BR>8. **K Narendra** - Non-Executive & Independent Director<BR>9. **Vaiyampalayam Krishnama Naidu Swaminathan** - Company Secretary & Compliance Officer<BR><BR>This team brings a mix of executive and independent oversight to the company.

Who are the peers of the Veejay Lak. Eng.?

Veejay Lak. Eng.'s peers include Hawa Engineers, Harish Textile, Iykot Hitech, and others. Its 1-year return is -31.10%, with below average management risk and growth compared to its peers.

Peers: The peers of Veejay Lak. Eng. are Hawa Engineers, Harish Textile, Iykot Hitech, Benara Bearings, Sterling Powerg., Quality RO Indu., Thakral Services, Containe Tech., Arrowhead Sepera, and Shivagrico Impl.<BR><BR>Quality Snapshot: Excellent management risk is observed at Hawa Engineers and Arrowhead Sepera, while Average management risk is found at Harish Textile. Below Average management risk is noted for Iykot Hitech, Benara Bearings, Veejay Lak. Eng., Sterling Powerg., Quality RO Indu., Containe Tech., and Shivagrico Impl. Good growth is seen at Harish Textile, Containe Tech., and Hawa Engineers, while Average growth is noted for Quality RO Indu. Below Average growth is present at Iykot Hitech, Benara Bearings, Veejay Lak. Eng., Sterling Powerg., and Shivagrico Impl. The capital structure is Below Average for Hawa Engineers, Harish Textile, Iykot Hitech, Benara Bearings, Veejay Lak. Eng., Sterling Powerg., Quality RO Indu., Containe Tech., and Shivagrico Impl., while Thakral Services does not qualify.<BR><BR>Return Snapshot: Iykot Hitech has the highest 1-year return at 43.64%, while Quality RO Indu. has the lowest at -55.62%. Veejay Lak. Eng.'s 1-year return is -31.10%, which is higher than Quality RO Indu.'s but lower than Iykot Hitech's. Additionally, the six-month returns for Quality RO Indu., Containe Tech., and Shivagrico Impl. are negative.

What does Veejay Lak. Eng. do?

Veejay Lakshmi Engineering Works Ltd, established in 1974 and based in Coimbatore, India, specializes in manufacturing textile machinery, particularly Two for One Twisters. As of March 2026, it reported net sales of 24 Cr and a market cap of INR 17 Cr, with a debt-equity ratio of 2.90 and a return on equity of -50%.

Overview: <BR>Veejay Lakshmi Engineering Works Ltd is a pioneer in the manufacture of textile machinery, specifically Two for One Twisters, and operates within the Industrial Manufacturing sector as a micro-cap company.<BR><BR>History: <BR>The company was established in August 1974 and is based in Coimbatore, India. It has reported net sales and net profit for the quarter ending March 2026.<BR><BR>Financial Snapshot: <BR>- Most recent Net Sales: 24 Cr (Quarterly Results - Mar 2026) <BR>- Most recent Net Profit: 0 Cr (Quarterly Results - Mar 2026) <BR>- Market-cap value: INR 17 Cr (Micro Cap) <BR><BR>Key Metrics: <BR>- P/E: N/A <BR>- Industry P/E: 86 <BR>- Dividend Yield: 0.00% <BR>- Debt-Equity: 2.90 <BR>- Return on Equity: -50.00% <BR>- Price to Book: 1.63 <BR><BR>Contact Details: <BR>- Address: Sengalipalayam, N G G O Colony Post Coimbatore Tamil Nadu : 641022 <BR>- Phone: 91-422-2460662 <BR>- Email: accounts@veejaylakshmi.com <BR>- Website: http://www.veejaylakshmi.com

Should I buy, sell or hold Veejay Lak. Eng.?

How has been the historical performance of Veejay Lak. Eng.?

Veejay Lak. Eng. has shown fluctuating financial performance, with net sales declining to 79.65 Cr in Mar'25 from 87.09 Cr in Mar'24, while operating profit improved slightly to 1.69 Cr. However, the company continues to face challenges, reflected in negative profits and cash flow from operations.

Answer:<BR>The historical performance of Veejay Lak. Eng. shows significant fluctuations in its financial metrics over the years.<BR><BR>Breakdown:<BR>Veejay Lak. Eng. reported net sales of 79.65 Cr in Mar'25, a decline from 87.09 Cr in Mar'24 and a notable increase from 63.97 Cr in Mar'23. The total operating income mirrored this trend, with figures of 79.65 Cr in Mar'25, 87.09 Cr in Mar'24, and 63.97 Cr in Mar'23. The raw material cost decreased to 61.73 Cr in Mar'25 from 64.55 Cr in Mar'24, while total expenditure, excluding depreciation, was 81.16 Cr in Mar'25, down from 90.50 Cr in Mar'24. Operating profit (PBDIT) showed a slight improvement to 1.69 Cr in Mar'25 from 0.02 Cr in Mar'24, although it remained negative in previous years. The profit before tax was -3.30 Cr in Mar'25, an improvement from -4.79 Cr in Mar'24. The profit after tax also improved to -3.31 Cr in Mar'25 from -4.56 Cr in Mar'24. The company's total liabilities decreased to 60.24 Cr in Mar'25 from 62.15 Cr in Mar'24, while total assets also fell to 60.24 Cr in Mar'25 from 62.15 Cr in Mar'24. Cash flow from operating activities was -2.00 Cr in Mar'25, a decline from 7.00 Cr in Mar'24, indicating ongoing challenges in generating cash from operations. Overall, Veejay Lak. Eng. has experienced a mix of improvements and declines across various financial metrics, reflecting a challenging operational environment.

Are Veejay Lak. Eng. latest results good or bad?

Veejay Lakshmi Engineering Works' latest results are concerning, showing a consolidated net loss of ₹1.75 crores in Q2 FY26, a 4.17% increase in losses from the previous quarter and a staggering 503.45% deterioration year-on-year. With declining sales, negative operating margins, and six consecutive quarters of losses, the financial performance is characterized as bad, raising serious viability concerns.

The latest results for Veejay Lakshmi Engineering Works indicate a challenging situation for the company. In the second quarter of FY26, the company reported a consolidated net loss of ₹1.75 crores, which represents a 4.17% increase in losses compared to the previous quarter. This is particularly concerning as it marks a dramatic year-on-year deterioration of 503.45% from a loss of ₹0.29 crores in the same quarter last year.<BR><BR>Net sales also fell by 4.13% sequentially to ₹19.48 crores and decreased by 14.90% compared to the previous year. The operating margin remains deeply negative at -7.96%, indicating that the company is struggling to cover its operating costs. Additionally, the return on equity (ROE) has plunged to -27.29%, highlighting significant capital destruction.<BR><BR>Overall, the financial performance reflects operational distress, with six consecutive quarters of losses and no clear path to profitability. Given these factors, the latest results can be characterized as bad, raising serious concerns about the company's viability in the current competitive landscape.

Who are the top shareholders of the Veejay Lak. Eng.?

The top shareholders of Veejay Lak. Eng. include J Anand with 24.95%, Sangeetha S with 4.68%, and individual investors holding 30.91%. There are currently no mutual funds or foreign institutional investors involved.

The top shareholders of Veejay Lak. Eng. include the promoters, with J Anand holding the largest share at 24.95%. The highest public shareholder is Sangeetha S, who owns 4.68%. Additionally, individual investors collectively hold 30.91% of the shares. Notably, there are no mutual funds or foreign institutional investors currently holding shares in the company.

Is Veejay Lak. Eng. overvalued or undervalued?

As of April 25, 2023, Veejay Lak. Eng. is rated as risky and overvalued, with a PE Ratio of -9.24 and an EV to EBITDA of -39.56, underperforming its peers and the Sensex despite a positive return of 8.78% over the past year.

As of 25 April 2023, the valuation grade for Veejay Lak. Eng. has moved from does not qualify to risky. The company is currently assessed as overvalued based on its financial metrics. Key ratios include a PE Ratio of -9.24, an EV to EBITDA of -39.56, and a ROE of -22.80%. <BR><BR>In comparison to its peers, Veejay Lak. Eng. stands out with significantly lower valuation ratios, such as the PE Ratio, compared to Bajaj Steel Inds. at 23.88 and LMW at 169.04. While the company has shown a positive return of 8.78% over the past year, it has underperformed against the Sensex, which returned 7.58% in the same period. Given these factors, Veejay Lak. Eng. appears to be overvalued relative to its financial performance and peer group.

What is the technical trend for Veejay Lak. Eng.?

As of June 5, 2025, Veejay Lak. Eng. shows a mildly bearish trend overall, with mixed signals from MACD and bearish daily moving averages indicating short-term weakness.

As of 5 June 2025, the technical trend for Veejay Lak. Eng. has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD shows a mildly bearish outlook. The Bollinger Bands and KST both reflect a mildly bearish trend on the weekly and monthly time frames. Daily moving averages are bearish, suggesting short-term weakness. The Dow Theory indicates a mildly bearish trend on the weekly chart with no trend on the monthly. Overall, the current technical stance is mildly bearish, driven primarily by the mixed signals from MACD and the bearish moving averages.

When is the next results date for Veejay Lak. Eng.?

No Upcoming Board Meetings

Has Veejay Lak. Eng. declared dividend?

Yes, Veejay Lakshmi Engineering Works Ltd declared a 10% dividend (₹1.00 per share) on Sep 11, 2008, but currently has a dividend yield of 0%. Total returns over various periods show significant long-term gains despite recent fluctuations.

Yes, Veejay Lakshmi Engineering Works Ltd has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 10%<BR>- Amount per share: 1.0000<BR>- Ex-date: Sep-11-2008<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>Over the past 6 months, the price return was -17.74%, with no dividend return, resulting in a total return of -17.74%.<BR><BR>In the 1-year period, the price return was 13.7%, with no dividend return, leading to a total return of 13.7%.<BR><BR>For the 2-year period, the price return was 57.97%, with no dividend return, resulting in a total return of 57.97%.<BR><BR>In the 3-year period, the price return was 15.0%, with no dividend return, leading to a total return of 15.0%.<BR><BR>Over the last 4 years, the price return was 8.7%, with no dividend return, resulting in a total return of 8.7%.<BR><BR>In the 5-year period, the price return was 111.4%, with no dividend return, leading to a total return of 111.4%.<BR><BR>Overall, while Veejay Lakshmi Engineering Works Ltd has declared a dividend in the past, the current dividend yield is 0%, indicating no recent dividends. The total returns over various periods show a mix of performance, with significant gains over the longer term despite recent fluctuations.