Vellinakshatram () is a 1949 Indian Malayalam-language drama film written and directed by Felix J. H. Baez, who also handled special effects. It was produced by Kunchacko and K. V. Koshy in their debut production. The film stars Gayaka Peethambaram, P. Lalitha Devi, Alleppey Vincent, K. Ramakrishna Pillai, Kandiyoor Parameshwarankutty, Joseph Mulavana, and P. A. Ambujam. It was the debut film produced at Udaya Studios, the acting debut of Miss Kumari, and debut of K. D. George as film editor. Its music was composed by B. A. Chidambaranath, who debuted with this film.
Vellinakshatram was released in theatres on 14 January 1949. No print of the film exists today, making it a lost film. It was the seventh Malayalam-language film to be released in Malayalam cinema.
No print of the film exists today, making it a lost film. No other material, such as print or gramophone recording, is available today except the songbook. At the time of its release, it performed poorly at the box office.