---
title: "Veekayem Fashion & Apparels Ltd (VEEKAYEM) — Share Price, Financials & Analysis"
symbol: "VEEKAYEM"
company: "Veekayem Fashion & Apparels Ltd"
canonical: "https://tapetide.com/stocks/VEEKAYEM"
isin: "INE0KTW01013"
nse_symbol: "VEEKAYEM"
sector: "Consumer Discretionary"
industry: "Textiles & Apparels"
market_cap_cr: 64.22
generated_at: "2026-09-13T19:34:12.973Z"
---

# Veekayem Fashion & Apparels Ltd (VEEKAYEM)

Canonical page: https://tapetide.com/stocks/VEEKAYEM

## Company

- **NSE Symbol:** VEEKAYEM
- **ISIN:** INE0KTW01013
- **Sector:** Consumer Discretionary
- **Industry:** Textiles & Apparels
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2022-08-22
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

Incorporated in 1985, Veekayem Fashion and Apparels Ltd manufactures 
grey fabric, yarn, and ready-made garments[1]

## Latest Price

- **Price:** ₹100.05
- **Change:** -5.25 (-4.99%)
- **Open:** ₹109.65
- **Day High:** ₹109.65
- **Day Low:** ₹100.05
- **Previous Close:** ₹105.3
- **Volume:** 6500
- **As Of:** 2026-09-11T09:58:11+00:00

## Key Fundamentals

Observed at 2026-09-11T04:37:27.484901Z.

- **Market Cap:** ₹64.22 Cr
- **Classification:** SME
- **P/E (reported):** 6.2
- **Book Value:** ₹135.64
- **Price to Book:** 0.78
- **Dividend Yield:** 0%
- **ROE:** 13.63%
- **ROCE:** 31.87%
- **Debt to Equity:** 1.63
- **Revenue (yearly):** ₹364.71 Cr
- **Net Income:** ₹11.25 Cr
- **EBITDA:** ₹28.14 Cr
- **52-Week High:** ₹315
- **52-Week Low:** ₹79.8
- **RSI (14):** 43.14

## Tapetide Score

- **Score:** 46 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Fair · Momentum: Falling
- **Percentile:** 31.9 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 21.3 | 9% |
| growth | 61.76 | 9% |
| momentum | 30.75 | 12% |
| ownership | 50 | 24% |
| quality | 47.59 | 22% |
| valuation | 56.73 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 0.73 times its book value
- Company has delivered good profit growth of 100% CAGR over last 5 years

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 13.9% over last 3 years.
- Debtor days have increased from 115 to 148 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -173.28% | — | -2.1% |
| ebitda margin growth | 4.48% | 13.76% | 11.29% |
| net income growth | 48.03% | 77% | 100% |
| revenue growth | 13.4% | 16% | 37% |
| roce | 12.69% | 30.03% | 25.47% |
| roe | 39.65% | 9.42% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 2.3 | 2.64 | 4.22 | 5.05 | 7.97 | 5.41 | 11.66 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 203 | 216 | 77 | 149 | 235 | 244 | 321 | 365 |
| Expenses | 193 | 205 | 67 | 139 | 222 | 228 | 298 | 337 |
| 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 | 4.4 | 3.08 | 6.86 | 13 | 17.07 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |

### Ratios

| Item | 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 | 148 |
| 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 | 167 |
| Working Capital Days | 32 | 35 | 82 | 47 | 41 | 42 | 40 | 41 |
| ROCE % | — | 9 | 8 | 8 | 10 | 11 | 14 | 14 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 54.31% | 73.04% | 73.04% | 73.04% | 73.04% | 73.04% | 73.11% | 73.08% | 73.61% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.89% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 21.85% | 20.7% | 23.35% | 22.74% | 24.15% | 23.76% | 23.33% | 23.08% |
| Others | 45.69% | 5.11% | 6.26% | 3.61% | 4.22% | 2.81% | 3.13% | 3.59% | 2.42% |
| No. of Shareholders | 28 | 281 | 226 | 190 | 208 | 251 | 271 | 253 | 331 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 7 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 108.06 | Sell |
| EMA (10) | 106.3 | Sell |
| SMA (20) | 106.65 | Sell |
| EMA (20) | 109.01 | Sell |
| SMA (50) | 119.99 | Sell |
| EMA (50) | 116.98 | Sell |
| SMA (100) | 125.97 | Sell |
| EMA (100) | 128.67 | Sell |
| SMA (200) | 160.23 | Sell |
| EMA (200) | 154.67 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 37.05 | Neutral |
| MACD (12,26,9) | -4.09 | Buy |
| Stochastic (14,3,3) | 56.28 | Neutral |
| ADX (14) | 23.14 | Neutral |
| Williams %R (14) | -58.86 | Neutral |
| ATR (14) | 6.65 | High Volatility |
| ROC (12) | 5.76 | Buy |
| Stoch RSI (14) | 45.73 | Neutral |
| UO (7,14,28) | 51.65 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Sep - Published newspaper advertisement for 41st AGM notice and e-voting information on 9 September 2026. | [Copy of Newspaper Publication 9 Sep - Published newspaper advertisement for 41st AGM notice and e-voting information on 9 September 2026.](https://nsearchives.nseindia.com/corporate/VEEKAYEM_09092026113607_Post_newspaper_advt_merged.pdf) |
| 7 Sep - Veekayem Fashion announces 41st AGM on 30 September 2026 with e-voting and cost auditor ratification. | [Shareholders meeting 7 Sep - Veekayem Fashion announces 41st AGM on 30 September 2026 with e-voting and cost auditor ratification.](https://nsearchives.nseindia.com/corporate/VEEKAYEM_07092026205057_Notice_1_merged_sd.pdf) |
| 7 Sep - Board approved FY26 annual report, AGM notice, and reappointed PK Patwa & Co. as cost auditors. | [Outcome of Board Meeting 7 Sep - Board approved FY26 annual report, AGM notice, and reappointed PK Patwa & Co. as cost auditors.](https://nsearchives.nseindia.com/corporate/VEEKAYEM_07092026194445_Outcome_1_sd.pdf) |
| 7 February 2026 - Forfeiture of 25% subscription on 242,508 warrants; deadline Jan 24, 2026; issue price Rs.192.50. | [Forfeiture 7 February 2026 - Forfeiture of 25% subscription on 242,508 warrants; deadline Jan 24, 2026; issue price Rs.192.50.](https://nsearchives.nseindia.com/corporate/VEEKAYEM_07022026175925_Forfeiturelettersd1.pdf) |
| 7 February 2026 - Allotment of 1,060,392 shares on 7 Feb 2026; forfeiture of 242,508 warrants (25% amounts). | [Outcome of Board Meeting 7 February 2026 - Allotment of 1,060,392 shares on 7 Feb 2026; forfeiture of 242,508 warrants (25% amounts).](https://nsearchives.nseindia.com/corporate/VEEKAYEM_07022026172215_OutcomeAllotmentsd1.pdf) |
| 7 February 2026 - Allotment of 1,060,392 shares at Rs.192.50; proceeds INR15,30,94,095; conversion Jan 24, 2026. | [Allotment of Securities 7 February 2026 - Allotment of 1,060,392 shares at Rs.192.50; proceeds INR15,30,94,095; conversion Jan 24, 2026.](https://nsearchives.nseindia.com/corporate/VEEKAYEM_07022026175625_IntimationofAllotmentsd1.pdf) |
| 4 April 2026 - Board approved raising authorised share capital from ₹11 crore to ₹20 crore, subject to EGM approval. | [Outcome of Board Meeting 4 April 2026 - Board approved raising authorised share capital from ₹11 crore to ₹20 crore, subject to EGM approval.](https://nsearchives.nseindia.com/corporate/VEEKAYEM_04042026164609_NSE_outcome.pdf) |
| 31 May - No deviation in preferential issue proceeds; Rs. 2,041.26 lakhs fully utilized by March 31, 2026. | [Statement of deviation(s) or variation(s) under Reg. 32 31 May - No deviation in preferential issue proceeds; Rs. 2,041.26 lakhs fully utilized by March 31, 2026.](https://nsearchives.nseindia.com/corporate/VEEKAYEM_31052026000715_SODSESUBSD1.pdf) |
| 30 May - Compliance certificate for FY ended 31 March 2026 confirms SDD compliance and 8 required events captured. | [Structural Digital Database 30 May - Compliance certificate for FY ended 31 March 2026 confirms SDD compliance and 8 required events captured.](https://nsearchives.nseindia.com/corporate/VEEKAYEM_30052026232116_CCSD.pdf) |
| 30 May - Board approved standalone and consolidated audited results for half year and year ended 31 March 2026; unmodified opinion. | [Outcome of Board Meeting 30 May - Board approved standalone and consolidated audited results for half year and year ended 31 March 2026; unmodified opinion.](https://nsearchives.nseindia.com/corporate/VEEKAYEM_30052026230719_SE_SUBMISSION_SD1.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31784_VEEKAYEM_2025_2026_A_8395436_07092026201656.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28823_VEEKAYEM_2024_2025_A_7582635_06092025192809.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26180_VEEKAYEM_2023_2024_0709202420739.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23786_VEEKAYEM_2022_2023_07092023183904_09072023190021.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_21604_VEEKAYEM_2021_2022_07092022163359_09072022170010.zip) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:34:12.973Z.