Veejay Lakshmi Engineering Works Limited
VJLAXMIE.BO
Bombay Stock Exchange37.54
INR
+0.59
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Veejay Lakshmi Engineering Works Limited
VJLAXMIE.BO
(Bombay Stock Exchange)
Recent
price
37.54
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Veejay Lakshmi Engineering Works Limited Veejay Lakshmi Engineering Works Limited manufactures textile machinery and produces cotton yarn and knitted fabrics primarily in India with exports to international markets. Established in 1974 and headquartered in Coimbatore, India, the company operates through two main segments: Engineering and Textiles; the Engineering division produces two-for-one twisters (TFO), of which it is India's largest manufacturer with over 7,000 machines sold worldwide, automatic cone winders (ACW), of which it is the sole Indian producer, precision propeller assembly winders (PW), random assembly winders (AW), and related spare parts, all manufactured at its Sengalipalayam facility in Coimbatore; the Textiles division runs a spinning mill with 17,904 spindles capacity at Thekkampatti in Mettupalayam, Coimbatore District, equipped for yarn twisting and knitted fabric production, with substantial yarn exports. It also generates renewable energy through windmills totaling 4.05 MW across sites in Tirupur, Coimbatore, and Tirunelveli Districts, plus 1 MW rooftop solar panels at the textile unit. Recent developments include a CFO transition with the previous officer resigning in June 2025 and a new appointee effective September 2025; board consideration in May 2025 of restructuring its associate company Veejay Sales and Services Limited; implementation of a temporary work stoppage in May 2025 due to textile industry recession and reduced orders for twisting machines; and the holding of its 50th Annual General Meeting in September 2025, alongside routine financial reporting and compliance updates.