Veejay Lak. Eng.

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

No Upcoming Board Meetings

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

As of March 2022, 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 the Company Secretary, Vaiyampalayam Krishnama Naidu Swaminathan. The team combines both executive and non-executive roles for effective governance.

As of March 2022, 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 comprises a mix of executive and non-executive directors, contributing to the governance and management of the company.

What does Veejay Lak. Eng. do?

Veejay Lakshmi Engineering Works Ltd, established in 1974 and based in Coimbatore, India, specializes in manufacturing Two for One Twisters and Precision Assembly Winders. As of March 2025, it reported net sales of 18 Cr and a net loss of 1 Cr, with a market cap of Rs 30 Cr.

Overview:<BR>Veejay Lakshmi Engineering Works Ltd is a pioneer in the manufacture of Two for One Twisters and Precision Assembly Winders in the industrial manufacturing sector, categorized as a micro-cap company.<BR><BR>History:<BR>The company was established in August 1974 and is based in Coimbatore, India. The latest quarterly results reported are for March 2025, showing net sales and profit figures.<BR><BR>Financial Snapshot:<BR>- Net Sales: 18 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: -1 Cr (Quarterly Results - Mar 2025)<BR>- Market-cap value: Rs 30 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: N/A (Loss Making)<BR>- Industry P/E: 91<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 1.40<BR>- Return on Equity: -22.80%<BR>- Price to Book: 1.39<BR><BR>Contact Details:<BR>- Address: Sengalipalayam, N G G O Colony Post Coimbatore Tamil Nadu : 641022<BR>- Tel: 91-422-2460662<BR>- Email: accounts@veejaylakshmi.com<BR>- Website: http://www.veejaylakshmi.com

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.

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

Veejay Lak. Eng.'s peers include Kaynes Tech, Honeywell Auto, and Jyoti CNC Auto, among others. Veejay Lak. Eng. has below-average management risk and growth, with a 1-year return of 13.17%.

Peers: The peers of Veejay Lak. Eng. are Kaynes Tech, Honeywell Auto, Jyoti CNC Auto., LMW, Jupiter Wagons, Pan Electronics, Miven Mach. Tool, Harish Textile, and Marshall Machin.<BR><BR>Quality Snapshot: Excellent management risk is observed at Jyoti CNC Auto. and Honeywell Auto, while Average management risk is found at Kaynes Tech, LMW, and Jupiter Wagons, and the rest. Below Average management risk is noted for Veejay Lak. Eng., Harish Textile, and Marshall Machin. Growth is Excellent at Kaynes Tech and Jyoti CNC Auto., while Average growth is seen at Jupiter Wagons and the rest. Below Average growth is present at Veejay Lak. Eng., LMW, and Harish Textile. Capital Structure is Excellent at Honeywell Auto and LMW, Good at Kaynes Tech and Jyoti CNC Auto., while Below Average capital structure is noted for Veejay Lak. Eng., Harish Textile, Marshall Machin., and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Kaynes Tech at 65.43%, while the lowest is Honeywell Auto at -26.32%. Veejay Lak. Eng. has a 1-year return of 13.17%, which is higher than Honeywell Auto but lower than Kaynes Tech. Additionally, the six-month return is negative for Jupiter Wagons, Miven Mach. Tool, Harish Textile, and Marshall Machin.

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.

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.

How big is Veejay Lak. Eng.?

As of 24th July, Veejay Lakshmi Engineering Works Ltd has a market capitalization of 32.00 Cr, with Net Sales of 79.66 Cr and a Net Profit loss of 3.29 Cr over the latest four quarters. Shareholder's Funds are 20.09 Cr, and Total Assets are 62.15 Cr as of March 2024.

As of 24th July, Veejay Lakshmi Engineering Works Ltd has a market capitalization of 32.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 79.66 Cr. However, it experienced a loss of 3.29 Cr in Net Profit during the same period.<BR><BR>The latest annual reporting period for the balance sheet is March 2024. Shareholder's Funds are recorded at 20.09 Cr, while Total Assets amount to 62.15 Cr.

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.

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.

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

Why is Veejay Lakshmi Engineering Works Ltd falling/rising?

As of 04-Mar, Veejay Lakshmi Engineering Works Ltd's stock price is at Rs. 38.70, marking a 52-week low and a year-to-date decline of 22.60%. The stock is underperforming significantly compared to the Sensex, with decreasing investor confidence and low liquidity contributing to its ongoing downward trend.

As of 04-Mar, Veejay Lakshmi Engineering Works Ltd's stock price is falling, currently at Rs. 38.70, which reflects a decrease of Rs. 0.29 or 0.74%. The stock has recently hit a new 52-week low today, indicating a significant decline in its value. Over the past week, the stock has underperformed, showing a decline of 5.26%, compared to a 3.84% drop in the Sensex. In the last month, the stock has fallen by 19.58%, while the benchmark index has only decreased by 5.61%. Year-to-date, the stock is down 22.60%, significantly underperforming the Sensex, which has declined by 7.16%.<BR><BR>The stock has been on a consecutive downward trend, losing 6.75% over the last two days. Additionally, it is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which indicates a bearish trend. Investor participation has also decreased, with delivery volume dropping by 99.93% against the 5-day average, suggesting a lack of confidence among investors. Furthermore, the stock's liquidity is low, as it is only liquid enough for a trade size of Rs. 0 crore based on 2% of the 5-day average traded value. All these factors contribute to the ongoing decline in the stock price of Veejay Lakshmi Engineering Works Ltd.

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