Veekayem Fashion & Apparels Ltd
VEEK

Veekayem Fashion & Apparels Ltd (VEEKAYEM)

₹38.853.12%

Key Stats

₹38.5
Day's Price Range
₹39.05
₹38.5
52-Week Price Range
₹54
1 Month Return-21.76 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

BVPS
Rank 3
Dividend Yield
Rank 2
ROE
Rank 6
1.21%
Debt To Asset
Rank 3

Company Information

Veekayem Fashion Apparels Ltd was originally incorporated as Veekayem Textile Mills Private Limited on September 17 1985 as a Private Limited Company under the Companies Act 1956 with the Registrar of Companies Mumbai. Pursuant to Special Resolution of Shareholders passed in the ExtraOrdinary General Meeting held on June 13 2018 the Company was converted from a Private Limited Company to Public Limited Company and consequently name of the Company was changed to Veekayem Textile Mills Limited and a fresh Certificate of Incorporation dated June 29 2018 was issued to the Company by Registrar of Companies Mumbai. Subsequently pursuant to a Special Resolution of the Shareholders passed in the ExtraOrdinary General Meeting held on August 18 2018 the name of Company was changed to Veekayem Fashion Apparels Limited and a fresh Certificate of Incorporation dated October 29 2018 was issued to Company by Registrar of Companies Mumbai. Krishankant Gupta Vijaykumar Gupta and Madanlal Gupta are the Promoters of the Company.The Company is engaged in weaving and garment manufacturing business. The Company is majorly engaged in manufacturing for various brands however it also cater to export and local markets in customized designs as requested by their clients and customers in textile and apparel industry. The Company deals in a range of products like Shirting fabrics Suiting Fabrics Trouser fabrics jacketing fabrics format trousers cotton trousers and other accessories etc. The Companys extensive product portfolio of 100 Cotton Lycra and NonLycra Giza Supima Blended Cotton Suiting Chief Value Cotton Polyester Cotton 100 Cotton Yarn Dyed Polyester Viscose Terry Rayon Suiting and Mock Linen has given the Company immense opportunity to expand and explore new markets. These products have wide scale applications not only in the readymade garment industry but also in various fashion accessories and footwear.The Company manufacturing plant is situated at Umargaon in State of Gujarat. This facility is installed with automated machineries having capacity to manufacture 500000 Meters fabrics per month and 150000 pcs of readymade garments per month. The Companys technical team is equipped with modern technology and processing techniques by virtue of which it is able to ensure quality output. The Company has a testing facility within the premises of manufacturing units. Its manufacturing facility has fully equipped quality control department with experienced staff to facilitate smooth manufacturing process. The Company has necessary infrastructure to test its raw materials and finished products to match the quality standards and as specified by the relevant customers. All the products are being manufactured strictly as per quality norms using the expertise of its experienced team to provide quality output to customers at competitive prices.The Company primarily follow a businessto business or a businesstobusinesstoconsumer model for its product categories and sellthrough a network of distributors spread across the world. Its top sales are with the wellknown retail brands. Beyond this the Company follow the highest quality standards not only in delivering finished products but also while procuring the raw materials as well. The Company has received several certifications and awards and its prestigious clientele stands as a true testimony to attain efforts. In 2016 the Company was awarded as Best Supplier Partners West by Reliance Trends for Menswear Category for the Calendar Year 201516.
OrganisationVeekayem Fashion & Apparels Ltd
HeadquartersMumbai
IndustryTextiles