Veejay Lakshmi Engineering Works (BSE: VJLAXMIE) is loss-making over the last 12 months, losing ₹4.13 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹37.86, 34% below its 52-week high. Sales grew 7.2% a year over 3 years. Debt is 2.95× equity. It is a small-cap company with a market cap of ₹19 Cr, ranked 204th of 246 Textile Manufacturing companies by market cap; the shares fell 34% over the past year.
- ₹37.86
- ₹37.86
- ₹37.86
- ₹37.68
- 50
Health check
- ReturnsBehind
−34.3% over a year, better than 0 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthUnder pressure
Sales +7.2% a year over 3 years, but loss-making now.
- ProfitabilityNegative
ROCE -8.5% vs peer median 10.7%.
- Balance sheetStretched
Debt 2.95× equity, operating profit doesn’t cover interest, Piotroski 3 of 9.
- Red flags5 to check
Loss-making over the last twelve months.
Small cap
Defensive
Key metrics
- Market cap
- ₹19 Cr
- Small cap
- P/E
- n/a
- Industry 17.1
- Price to book
- 1.77
- Peers 3.81
- Dividend yield
- 0.00%
- ROE
- −39.6%
- Peers 10.1%
- ROCE
- −8.5%
- Peers 10.7%
- Debt to equity
- 2.95
- Debt ₹32 Cr
- EPS (TTM)
- −₹8.58
- OPM (TTM)
- −4.6%
- Net margin −5.5%
- Sales growth
- −22.2%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 0.25
- EV/EBITDA −14.2
Strengths and risks
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −39.6%.
- Debt is 2.95× equity.
- Quarterly sales down 22.2% on a year ago.
- 34% below its 52-week high.
About Veejay Lakshmi Engineering Works
Veejay Lakshmi Engineering Works Limited manufactures and sells cotton yarn and knitted fabrics in India and internationally. It operates through two segments, Engineering and Textiles. The company offers textile machinery used for post-spinning operations, such as two-for-one twisters and random assembly winders, as well as related spare parts. It also operates windmills and rooftop solar panels. In addition, the company exports its products. Veejay…
- Headquarters
- Coimbatore
- Employees
- 379
- Sector
- Consumer Cyclical
- ISIN
- INE466D01019
- Website
- veejaylakshmi.com
Price range
- Avg volume (3M)
- 435
- 1-year return
- minus 34.3%
- From 52-week high
- minus 34.2%
Peers · Textile Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KPRMILLK.P.R. Mill | 1,164.40 | minus 0.25% | 39,883 | 38.3 | 6.41 | 20.0% | 18.0% | 22.1% | 2.3% | 2.1% | 0.43% | plus 10.5% |
| WELSPUNLIVWelspun Living | 241.30 | minus 4.75% | 22,717 | 52.8 | 4.47 | 5.8% | 8.8% | 28.7% | 5.7% | 0.9% | 0.04% | plus 96.2% |
| VTLVardhman Textiles | 508.80 | minus 4.89% | 14,729 | 17.1 | 1.38 | 8.6% | 7.3% | 13.7% | −0.8% | −2.1% | 0.93% | plus 22.2% |
| ARVINDArvind | 494.75 | minus 0.58% | 12,969 | 28.4 | 3.10 | 15.4% | 11.1% | 10.9% | 3.4% | 0.8% | 0.90% | plus 57.3% |
| TRIDENTTrident | 23.88 | plus 0.08% | 12,168 | 25.4 | 2.53 | 10.7% | 10.1% | 14.9% | 1.8% | −5.1% | 2.10% | minus 16.6% |
| ICILIndo Count Industries | 489.85 | minus 2.25% | 9,702 | 39.8 | 3.81 | 9.5% | 5.5% | 9.7% | 11.6% | −22.9% | 0.30% | plus 78.7% |
| GARFIBRESGarware Technical Fibres | 715.65 | minus 2.13% | 6,988 | 29.8 | 4.97 | 19.3% | 15.3% | 19.2% | 5.6% | 4.9% | 1.23% | minus 3.9% |
| VJLAXMIEVeejay Lakshmi Engineering Works | 37.86 | plus 0.48% | 19 | – | 1.77 | −8.5% | −39.6% | −4.6% | 7.2% | – | 0.00% | minus 34.3% |
| Median of 7 peers | – | −2.13% | 12,969 | 29.8 | 3.81 | 10.7% | 10.1% | 14.9% | 3.4% | 0.8% | 0.90% | 22.2% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 20.3 | 19.5 | 16 | 24.4 | 15.8 | |
| 21.9 | 21 | 17.3 | 24.7 | 16.2 | |
| −1.6 | −1.5 | −1.3 | −0.2 | −0.4 | |
| −7.8% | −7.9% | −8.4% | −0.9% | −2.5% | |
| 1.1 | 1 | 0.9 | 1.3 | 0.9 | |
| 0.6 | 0.6 | 0.6 | 0.7 | 0.6 | |
| 0.6 | 0.6 | 0.6 | 0.6 | 0.5 | |
| – | – | −0.1 | 0 | – | |
| −1.8 | −1.8 | −1.8 | −0.2 | −0.6 | |
| 2.5% | −6.5% | 2.5% | −78.1% | 35.2% | |
| −1.7 | −1.7 | −1.7 | −0.3 | −0.3 | |
| -3.38 | -3.70 | -3.42 | -0.68 | -0.78 |
Profit & loss
- Sales CAGR 3Y
- +7.2%
- ROE
- −39.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 64 | 87.1 | 78 | 78.8 | |
| – | +36.1% | minus 10.5% | +1.1% | |
| 74.1 | 90.5 | 79.4 | 83.5 | |
| −10.1 | −3.4 | −1.4 | −4.6 | |
| −15.8% | −3.9% | −1.8% | −5.9% | |
| 0.1 | 3.3 | 2.9 | 3.9 | |
| 1.5 | 2.2 | 2.3 | 2.3 | |
| 2.5 | 2.4 | 2.5 | 2.5 | |
| – | – | 0 | 0 | |
| −14 | −4.8 | −3.3 | −5.5 | |
| 0.0% | 4.9% | −0.4% | −3.2% | |
| −14 | −4.6 | −3.3 | −5.5 | |
| -27.68 | -8.98 | -6.54 | -11.18 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.1 | 5.1 | 5.1 | 5.1 | |
| 18.9 | 15 | 11.7 | 5.8 | |
| 33.3 | 28.6 | 29.5 | 32 | |
| 9.5 | 13.5 | 14 | 17 | |
| 66.7 | 62.2 | 60.2 | 59.8 | |
| 38 | 36.4 | 34.5 | 32.1 | |
| 1.7 | 2.5 | 2.7 | 2.1 | |
| 0 | 0 | 0.5 | 0 | |
| 27 | 23.2 | 22.6 | 25.6 | |
| 66.7 | 62.2 | 60.2 | 59.8 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −9.4 | 7.3 | −2.2 | −0.8 | |
| 0 | 0.4 | 0.9 | 1.7 | |
| 9 | −7.6 | 1.3 | −1.2 | |
| −0.4 | 0 | 0 | −0.2 | |
| −0 | −0.9 | −0.6 | −0 | |
| −9.5 | 6.3 | −2.8 | −0.8 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.