Veejay Lak. Eng.

Why is Veejay Lakshmi Engineering Works Ltd falling/rising?

As of 01-Sep, Veejay Lakshmi Engineering Works Ltd's stock price is slightly rising at 39.00, but it has significant long-term issues, including a 22% year-to-date decline and operational challenges, leading to a cautious outlook for investors.

As of 01-Sep, Veejay Lakshmi Engineering Works Ltd's stock price is rising slightly, currently at 39.00, with a change of 0.01 (0.03%) upward. This increase can be attributed to the stock's recent performance, as it has outperformed the sector by 0.26% today and has experienced consecutive gains over the last three days, accumulating a total return of 2.12% during this period.<BR><BR>However, despite this short-term rise, the stock has significant underlying issues that contribute to its overall poor performance. Year-to-date, the stock has declined by 22.00%, and over the past year, it has fallen by 31.34%, indicating a long-term downtrend. The company is facing operational challenges, including negative EBITDA of Rs. -3.49 crore and a high Debt to EBITDA ratio of -6.82 times, which suggests a weak ability to service its debt. Additionally, the company reported its lowest net sales at Rs 15.81 crore in the last quarter, reflecting ongoing financial struggles.<BR><BR>Investor participation has also decreased, with a delivery volume drop of 99.02% against the 5-day average, indicating reduced interest in trading the stock. While the stock may show short-term gains, the long-term fundamentals remain weak, leading to a cautious outlook for investors.

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

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, Whole-time Director D Ranganathan, and Company Secretary Vaiyampalayam Krishnama Naidu Swaminathan, along with several non-executive and independent directors. This team is responsible for the company's strategic direction and operations.

The management team of Veejay Lak. Eng. includes the following key individuals:<BR><BR>1. **V. J. Jayaraman** - Chairman (Non-Executive)<BR>2. **J Anand** - Managing Director & CEO<BR>3. **D Ranganathan** - Whole-time Director<BR>4. **Vaiyampalayam Krishnama Naidu Swaminathan** - Company Secretary & Compliance Officer<BR><BR>Additionally, the board features several non-executive and independent directors:<BR>- **N M Ananthapadmanabhan** - Non-Executive & Independent Director<BR>- **N Athimoolam Naidu** - Non-Executive & Independent Director<BR>- **B Sriram** - Non-Executive & Independent Director<BR>- **K Narendra** - Non-Executive & Independent Director<BR>- **Arthi Anand** - Non-Executive & Non-Independent Director<BR><BR>This team plays a crucial role in guiding the company's strategic direction and operations.

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 the Two for One Twister. As of June 2026, it has a market cap of INR 20 Cr, with net sales of 16 Cr and a net profit of 0 Cr.

Overview:<BR>Veejay Lakshmi Engineering Works Ltd is a pioneer in the manufacture of textile machinery, specifically known for its Two for One Twister, operating within the industrial manufacturing sector and 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 June 2026, showing net sales and profit figures.<BR><BR>Financial Snapshot:<BR>Net Sales: 16 Cr (Quarterly Results - Jun 2026) <BR>Net Profit: 0 Cr (Quarterly Results - Jun 2026) <BR>Market-cap value: INR 20 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A <BR>Industry P/E: 59 <BR>Dividend Yield: 0.00% <BR>Debt Equity: 2.90 <BR>Return on Equity: -50.00% <BR>Price to Book: 1.82 <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

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

Veejay Lak. Eng.'s peers include Harshil Agrotech, Iykot Hitech, Miven Mach. Tool, Harish Textile, Trans India, Envair Electrody, Benara Bearings, Thakral Services, and Sterling Powerg. Veejay Lak. Eng. has a below-average management risk and a 1-year return of -33.92%, better than Trans India but worse than Harish Textile, which has the highest return at 5.09%.

Peers: The peers of Veejay Lak. Eng. are Harshil Agrotech, Iykot Hitech, Miven Mach. Tool, Harish Textile, Trans India, Envair Electrody, Benara Bearings, Thakral Services, and Sterling Powerg.<BR><BR>Quality Snapshot: Average management risk is observed at Harshil Agrotech and Harish Textile, while Below Average management risk is found at Iykot Hitech, Trans India, Veejay Lak. Eng., Envair Electrody, Benara Bearings, and Sterling Powerg. Miven Mach. Tool and Thakral Services do not qualify for management risk assessment. Growth is rated as Below Average for Harshil Agrotech, Iykot Hitech, Harish Textile, Veejay Lak. Eng., Envair Electrody, Benara Bearings, and Sterling Powerg., while Trans India shows Good growth. Miven Mach. Tool and Thakral Services do not qualify for growth assessment. Capital Structure is rated as Good for Harshil Agrotech, while Average is noted for Harish Textile, Trans India, Veejay Lak. Eng., Envair Electrody, Benara Bearings, and Sterling Powerg., with Miven Mach. Tool and Thakral Services not qualifying.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Harish Textile at 5.09%, while Trans India has the lowest at -83.66%. Veejay Lak. Eng. has a 1-year return of -33.92%, which is better than Trans India but worse than Harish Textile. Additionally, several peers including Trans India, Envair Electrody, and Benara Bearings have negative six-month returns.

How big is Veejay Lak. Eng.?

As of 31st August, Veejay Lakshmi Engineering Works Ltd has a market capitalization of 20.00 Cr, with Net Sales of 75.72 Cr and a Net Profit loss of 4.14 Cr over the latest four quarters. Shareholder's Funds were 16.78 Cr and Total Assets were 60.24 Cr as of March 2025.

As of 31st August, Veejay Lakshmi Engineering Works Ltd has a market capitalization of 20.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 75.72 Cr. However, it experienced a loss of 4.14 Cr in Net Profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2025, where Shareholder's Funds were recorded at 16.78 Cr and Total Assets amounted to 60.24 Cr.

Should I buy, sell or hold Veejay Lakshmi Engineering Works Ltd?

Are Veejay Lakshmi Engineering Works Ltd latest results good or bad?

Veejay Lakshmi Engineering Works Ltd's latest results are concerning, showing a 53% revenue increase but a net loss of ₹0.35 crores, continuing six quarters of operating losses. Despite some improvement in margins, the company's financial health remains weak, leading to negative investor sentiment and a significant stock decline.

Veejay Lakshmi Engineering Works Ltd's latest results indicate a challenging financial situation. While the company reported a significant revenue increase of 53.00% quarter-on-quarter, bringing net sales to ₹24.45 crores, it also posted a net loss of ₹0.35 crores, which is a sharp decline of 79.41% compared to the previous quarter. This marks the continuation of a troubling trend, as the company has experienced operating losses for six consecutive quarters.<BR><BR>The operating margin, although improved to -0.82% from -8.45% in the previous quarter, still reflects the company's struggle to cover its operational costs. Furthermore, the profit after tax (PAT) margin deteriorated to -1.43%, down from a profit margin of 0.83% a year ago. <BR><BR>Investor sentiment appears to be quite negative, as the stock has underperformed significantly over the past year, dropping 35.88% compared to the Sensex's decline of 8.40%. The stock is currently trading at ₹38.95, which is 46.05% below its 52-week high of ₹72.20.<BR><BR>In summary, while there are signs of revenue growth, the persistent operational losses and declining profitability raise serious concerns about the company's financial health and future viability. Overall, the results can be characterized as bad, reflecting ongoing structural challenges that the company must address to regain investor confidence.

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.

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.