Veekayem Fashion & Apparels (NSE:VEEKAYEM) Pretax Margin % : 2.23% (As of Mar. 2024)

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What is Veekayem Fashion & Apparels Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Veekayem Fashion & Apparels's Pre-Tax Income for the six months ended in Mar. 2024 was ₹54 Mil. Veekayem Fashion & Apparels's Revenue for the six months ended in Mar. 2024 was ₹2,429 Mil. Therefore, Veekayem Fashion & Apparels's pretax margin for the quarter that ended in Mar. 2024 was 2.23%.

The historical rank and industry rank for Veekayem Fashion & Apparels's Pretax Margin % or its related term are showing as below:

NSE:VEEKAYEM' s Pretax Margin % Range Over the Past 10 Years
Min: 0.66 Med: 1.03 Max: 2.23
Current: 2.23

NSE:VEEKAYEM's Pretax Margin % is ranked worse than
59.32% of 1030 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 3.93 vs NSE:VEEKAYEM: 2.23

Veekayem Fashion & Apparels Pretax Margin % Historical Data

The historical data trend for Veekayem Fashion & Apparels's Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Veekayem Fashion & Apparels Pretax Margin % Chart

Veekayem Fashion & Apparels Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Pretax Margin %

0.73

0.66

1.03

1.33

2.23

Veekayem Fashion & Apparels Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Pretax Margin %	0.73	0.66	1.03	1.33	2.23

Competitive Comparison of Veekayem Fashion & Apparels's Pretax Margin %

For the Textile Manufacturing subindustry, Veekayem Fashion & Apparels's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Veekayem Fashion & Apparels's Pretax Margin % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Veekayem Fashion & Apparels's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Veekayem Fashion & Apparels's Pretax Margin % falls into.

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Veekayem Fashion & Apparels Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Veekayem Fashion & Apparels's Pretax Margin for the fiscal year that ended in Mar. 2024 is calculated as

Pretax Margin	=	Pre-Tax Income (A: Mar. 2024 )	/	Revenue (A: Mar. 2024 )
	=	54.263	/	2429.015
	=	2.23 %

Veekayem Fashion & Apparels's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	54.263	/	2429.015
	=	2.23 %

Veekayem Fashion & Apparels (NSE:VEEKAYEM) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.

Veekayem Fashion & Apparels Pretax Margin % Related Terms

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Veekayem Fashion & Apparels Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Veekayem Fashion & Apparels Ltd (NSE:VEEKAYEM) » Definitions » Pretax Margin %

Traded in Other Exchanges

N/A

Address

Walbhat Road, Gala No. 113, Udyog Bhavan, Sharma Industrial Estate, Near Nirlon Compound, Goregaon East, Mumbai, MH, IND, 400063

Website

https://www.vkmgroups.com

Veekayem Fashion & Apparels Ltd is engaged in the business of weaving and garment manufacturing. The company deals in products like Shirting fabrics, Suiting Fabrics, Trouser fabrics, jacketing fabrics, format trousers, cotton trousers and other accessories. The extensive product portfolio includes 100% Cotton - Lycra and Non-Lycra, Giza, Supima, Blended Cotton Suiting - Chief Value Cotton, Polyester Cotton, 100% Cotton Yarn Dyed, Polyester Viscose, Terry Rayon Suiting and Mock Linen. The Company operates in three segments: Men's wear; Kids Wear and Accessories.

Veekayem Fashion & Apparels Headlines

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