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Veejay Lakshmi Engineering Works
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Veejay Lakshmi Engineering Works Limited (VLEWL) was established in August, 1974, Coimbatore, India. The Company is the pioneer in the manufacture of Two for one Twister in India and have sold more than 7000 machines in India and in export market. The Company also manufactures Precision Assembly Winders. The Two for one Twisters are produced at Sengalipalayam factory, in Coimbatore. The Company was promoted by V J Jayaraman and his family.
The Company started operations in year 1975 to produce Twisting machines. It has been specializing in the Twisting machines and Automatic Cone Winder was introduced to the product line in the year 1998. Prior to this, it diversified into textile spinning in the year 1993 and the textile unit now functions under a wholly owned subsidiary from 2003.
The textile process house at Mettupalayam was set up initially to produce/process 600 kg pd each of dyed/bleached yarn. It has installed four windmills each of 225 KVA capacity at Kethanur in Coimbatore, Tamil Nadu, to facilitate its future plans. To provide a smooth transition into yarn manufacture, it acquired a running textile mill at Udumalpet producing fine count yarn. The 7696 spindles mill was modernised and spindle strength progressively increased to 11520 in 1994-95. The new mill at Mettupalayam, Tamil Nadu, is working at full capacity (15360 spindles) from Mar.'96.
The company obtained the ISO 9002 certification from TUV, Germany, for its engineering unit at Sengalipalayam unit and ISO 9001 certification for its engineering unit at Kariampalayam.
The company's new project to manufacture automatic cone winders for which it has entered into a joint venture with Savio Machine Tessili, Italy has commenced production.
The new Garment Division of the Subsidiary, M/s Veejay Lakshmi Textiles Limited commenced commercial production in 2006-07.
Veejay Lakshmi Textiles Limited, the erstwhile wholly owned Subsidiary of the Company was merged with the Company by amalgamation from 1.4.2014.
Veejay Lakshmi Engineering Works share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Veejay Lakshmi Engineering Works indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Veejay Lakshmi Engineering Works is valued compared to its competitors.
Veejay Lakshmi Engineering Works PE ratio helps investors understand what is the market value of each stock compared to Veejay Lakshmi Engineering Works 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Veejay Lakshmi Engineering Works evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Veejay Lakshmi Engineering Works generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Veejay Lakshmi Engineering Works in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Veejay Lakshmi Engineering Works shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Veejay Lakshmi Engineering Works compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Veejay Lakshmi Engineering Works over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Veejay Lakshmi Engineering Works helps investors get an insight into when they can enter or exit the stock. Key components of Veejay Lakshmi Engineering Works Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Veejay Lakshmi Engineering Works shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Veejay Lakshmi Engineering Works ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Veejay Lakshmi Engineering Works provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Veejay Lakshmi Engineering Works highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Veejay Lakshmi Engineering Works .
The balance sheet presents a snapshot of Veejay Lakshmi Engineering Works ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.