WEBSITE BSE:539331 NSE: VETO Inc. Year: 2007 Industry: Electric Equipment My Bucket: Add Stock
Last updated: 15:50
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Veto Switchgears And Cables Ltd is a reputable company specializing in the manufacturing and distribution of high-quality electrical switchgears and cables. With a strong presence in the market, Veto Switchgears And Cables has established itself as a trusted name in the industry. The company offers a wide range of products, including circuit breakers, distribution boards, control panels, wiring cables, and flexible wires, catering to diverse industrial, commercial, and residential applications. Veto Switchgears And Cables Ltd is committed to d...Read More
Veto Switchgears And Cables Ltd is a reputable company specializing in the manufacturing and distribution of high-quality electrical switchgears and cables. With a strong presence in the market, Veto Switchgears And Cables has established itself as a trusted name in the industry. The company offers a wide range of products, including circuit breakers, distribution boards, control panels, wiring cables, and flexible wires, catering to diverse industrial, commercial, and residential applications. Veto Switchgears And Cables Ltd is committed to delivering products that adhere to strict quality standards, ensuring reliability and safety. Their state-of-the-art manufacturing facilities, equipped with advanced technology, enable them to produce innovative and durable electrical solutions. The company's dedicated team of professionals, including engineers and technicians, contribute their expertise to design, develop, and deliver products that meet the evolving needs of customers. Veto Switchgears And Cables Ltd has a robust distribution network, allowing them to serve customers across various regions efficiently. Their customer-centric approach, coupled with prompt after-sales support, has helped build long-term relationships with clients. As a socially responsible organization, Veto Switchgears And Cables also prioritizes sustainable practices and environmental consciousness in its operations. ...Read Less
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Market Cap ₹213 Cr.
Stock P/E 9.8
P/B 0.8
Current Price ₹111.4
Book Value ₹ 147.8
Face Value 10
52W High ₹141.9
Dividend Yield 0.9%
52W Low ₹ 83
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 72 | 82 | 79 | 61 | 74 | 76 | 89 | 65 | 89 | 94 |
| Other Income | 0 | 0 | 4 | 0 | 0 | 1 | 1 | 0 | 1 | 1 |
| Total Income | 72 | 82 | 83 | 62 | 74 | 77 | 90 | 65 | 90 | 95 |
| Total Expenditure | 62 | 73 | 75 | 54 | 66 | 71 | 78 | 59 | 80 | 84 |
| Operating Profit | 10 | 9 | 8 | 8 | 9 | 7 | 11 | 7 | 9 | 10 |
| Interest | 2 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 0 | 0 |
| Depreciation | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 8 | 7 | 7 | 7 | 8 | 5 | 10 | 5 | 8 | 9 |
| Provision for Tax | 2 | 3 | 4 | 2 | 2 | 2 | 2 | 1 | 2 | 2 |
| Profit After Tax | 6 | 5 | 2 | 5 | 6 | 4 | 7 | 3 | 6 | 6 |
| Adjustments | -0 | -0 | -0 | -0 | -0 | 0 | 0 | 0 | -0 | 0 |
| Profit After Adjustments | 6 | 5 | 2 | 5 | 6 | 4 | 8 | 4 | 6 | 7 |
| Adjusted Earnings Per Share | 3.1 | 2.5 | 1.1 | 2.5 | 3.1 | 2 | 3.9 | 1.9 | 3.2 | 3.4 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 97 | 177 | 239 | 253 | 218 | 150 | 181 | 267 | 290 | 300 | 300 | 337 |
| Other Income | 1 | 0 | 2 | 2 | 0 | 1 | 1 | 3 | 5 | 5 | 3 | 3 |
| Total Income | 98 | 177 | 241 | 255 | 219 | 151 | 183 | 270 | 296 | 305 | 303 | 340 |
| Total Expenditure | 82 | 151 | 214 | 212 | 197 | 131 | 158 | 233 | 257 | 269 | 269 | 301 |
| Operating Profit | 16 | 26 | 27 | 43 | 21 | 20 | 25 | 37 | 38 | 36 | 34 | 37 |
| Interest | 4 | 5 | 4 | 3 | 4 | 4 | 2 | 4 | 5 | 4 | 2 | 2 |
| Depreciation | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 3 | 3 | 3 | 3 | 4 |
| Exceptional Income / Expenses | 0 | -4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 10 | 15 | 21 | 39 | 16 | 14 | 21 | 30 | 30 | 29 | 30 | 32 |
| Provision for Tax | 3 | 2 | 3 | 10 | 4 | 5 | 7 | 10 | 10 | 11 | 8 | 7 |
| Profit After Tax | 7 | 13 | 18 | 29 | 12 | 9 | 15 | 20 | 20 | 18 | 22 | 22 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 | -0 | -0 | 0 | 0 |
| Profit After Adjustments | 7 | 13 | 18 | 29 | 12 | 9 | 15 | 20 | 20 | 18 | 22 | 25 |
| Adjusted Earnings Per Share | 3.9 | 7.1 | 10 | 15.8 | 6.1 | 4.9 | 7.7 | 10.5 | 10.6 | 9.4 | 11.6 | 12.4 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 4% | 15% | 12% |
| Operating Profit CAGR | -6% | -3% | 11% | 8% |
| PAT CAGR | 22% | 3% | 20% | 12% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 6% | 5% | -2% | 2% |
| ROE Average | 9% | 8% | 9% | 12% |
| ROCE Average | 11% | 12% | 12% | 14% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 73 | 81 | 101 | 148 | 167 | 178 | 194 | 213 | 233 | 246 | 266 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Borrowings | 6 | 6 | 5 | 3 | 1 | 0 | 0 | 4 | 10 | 2 | 3 |
| Other Non-Current Liabilities | -0 | -1 | -2 | -3 | -2 | -2 | 5 | 5 | 3 | 1 | -1 |
| Total Current Liabilities | 42 | 55 | 39 | 50 | 52 | 41 | 71 | 84 | 70 | 52 | 58 |
| Total Liabilities | 121 | 141 | 143 | 199 | 218 | 218 | 271 | 306 | 318 | 302 | 328 |
| Fixed Assets | 22 | 21 | 20 | 23 | 16 | 25 | 30 | 29 | 27 | 28 | 38 |
| Other Non-Current Assets | 19 | 22 | 14 | 9 | 17 | 19 | 18 | 19 | 23 | 25 | 31 |
| Total Current Assets | 80 | 99 | 110 | 167 | 185 | 173 | 223 | 258 | 268 | 250 | 259 |
| Total Assets | 121 | 141 | 143 | 199 | 218 | 218 | 271 | 306 | 318 | 302 | 328 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 5 | 2 | 15 | 3 | 3 | 15 | 15 | 13 | 9 | 15 | 8 |
| Cash Flow from Operating Activities | -2 | 21 | 20 | -25 | 11 | 31 | 7 | -8 | 18 | 28 | 15 |
| Cash Flow from Investing Activities | 3 | -8 | -11 | 4 | -2 | -13 | -7 | -0 | -4 | -7 | -18 |
| Cash Flow from Financing Activities | -5 | -0 | -21 | 21 | 3 | -19 | -3 | 4 | -10 | -27 | -3 |
| Net Cash Inflow / Outflow | -4 | 14 | -12 | -0 | 12 | -1 | -4 | -4 | 4 | -6 | -6 |
| Closing Cash & Cash Equivalent | 2 | 15 | 3 | 3 | 15 | 15 | 13 | 9 | 15 | 8 | 1 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 3.9 | 7.14 | 10 | 15.81 | 6.05 | 4.85 | 7.74 | 10.47 | 10.59 | 9.39 | 11.58 |
| CEPS(Rs) | 5 | 8.22 | 10.91 | 16.67 | 6.82 | 5.85 | 8.81 | 12.31 | 12.18 | 10.88 | 13.01 |
| DPS(Rs) | 0 | 2 | 2 | 2 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Book NAV/Share(Rs) | 39.64 | 44.14 | 52.89 | 67.77 | 87.53 | 93 | 101.38 | 111.24 | 121.83 | 128.83 | 139.39 |
| Core EBITDA Margin(%) | 15.6 | 14.64 | 10.65 | 16.27 | 9.59 | 12.56 | 13.03 | 12.7 | 11.27 | 10.29 | 10.55 |
| EBIT Margin(%) | 14.09 | 11.28 | 10.64 | 16.43 | 9.09 | 11.75 | 12.83 | 12.63 | 12.13 | 10.96 | 10.38 |
| Pre Tax Margin(%) | 10.02 | 8.7 | 8.91 | 15.35 | 7.31 | 9.26 | 11.8 | 11.15 | 10.48 | 9.58 | 9.83 |
| PAT Margin (%) | 7.34 | 7.41 | 7.66 | 11.42 | 5.3 | 6.18 | 8.19 | 7.55 | 7.05 | 6.02 | 7.26 |
| Cash Profit Margin (%) | 9.41 | 8.53 | 8.36 | 12.05 | 5.97 | 7.44 | 9.29 | 8.8 | 8.02 | 6.93 | 8.28 |
| ROA(%) | 6.13 | 9.98 | 12.87 | 16.94 | 5.55 | 4.26 | 6.07 | 7 | 6.56 | 5.83 | 6.93 |
| ROE(%) | 10.34 | 17.05 | 20.61 | 26.2 | 7.94 | 5.38 | 7.99 | 9.94 | 9.18 | 7.54 | 8.51 |
| ROCE(%) | 13.13 | 17.28 | 19.91 | 26.18 | 10.09 | 8.6 | 10.77 | 13.86 | 13.18 | 12.09 | 11.19 |
| Receivable days | 119.44 | 77.62 | 74.65 | 116.97 | 140.05 | 146.34 | 151.15 | 143.1 | 160.28 | 163.54 | 170.26 |
| Inventory Days | 95.32 | 62.09 | 56.66 | 60.25 | 119.33 | 228.67 | 203.61 | 160 | 142.82 | 121.17 | 114.96 |
| Payable days | 49.53 | 29.86 | 18.56 | 15.67 | 16.74 | 31.01 | 59.54 | 62.65 | 55.75 | 44.96 | 44.52 |
| PER(x) | 17.96 | 12.79 | 15.11 | 11.52 | 11.57 | 5.84 | 14.97 | 8.69 | 7.14 | 13.06 | 8.74 |
| Price/Book(x) | 1.77 | 2.07 | 2.86 | 2.69 | 0.8 | 0.3 | 1.14 | 0.82 | 0.62 | 0.95 | 0.73 |
| Dividend Yield(%) | 0 | 2.19 | 1.32 | 1.1 | 0 | 0 | 0.86 | 1.1 | 1.32 | 0.82 | 0.99 |
| EV/Net Sales(x) | 1.65 | 1.1 | 1.25 | 1.45 | 0.73 | 0.42 | 1.35 | 0.79 | 0.59 | 0.83 | 0.71 |
| EV/Core EBITDA(x) | 10.24 | 7.44 | 11 | 8.51 | 7.46 | 3.26 | 9.72 | 5.67 | 4.53 | 6.98 | 6.27 |
| Net Sales Growth(%) | 2.99 | 81.64 | 35.27 | 5.85 | -13.74 | -31.19 | 20.65 | 47.46 | 8.59 | 3.41 | 0.09 |
| EBIT Growth(%) | 30.75 | 45.4 | 27.64 | 63.85 | -52.37 | -11.09 | 31.75 | 45.14 | 4.3 | -6.54 | -5.21 |
| PAT Growth(%) | 17.34 | 83.27 | 39.96 | 58.1 | -60.05 | -19.81 | 59.87 | 36.09 | 1.31 | -11.69 | 20.8 |
| EPS Growth(%) | 17.34 | 83.27 | 39.96 | 58.1 | -61.7 | -19.81 | 59.42 | 35.3 | 1.15 | -11.34 | 23.28 |
| Debt/Equity(x) | 0.48 | 0.52 | 0.32 | 0.3 | 0.24 | 0.14 | 0.18 | 0.21 | 0.18 | 0.09 | 0.09 |
| Current Ratio(x) | 1.91 | 1.79 | 2.83 | 3.34 | 3.55 | 4.19 | 3.11 | 3.08 | 3.81 | 4.8 | 4.43 |
| Quick Ratio(x) | 1.31 | 1.16 | 1.82 | 2.45 | 1.67 | 2.01 | 1.55 | 1.62 | 2.32 | 2.98 | 2.81 |
| Interest Cover(x) | 3.47 | 4.38 | 6.17 | 15.12 | 5.1 | 4.73 | 12.48 | 8.54 | 7.36 | 7.94 | 19 |
| Total Debt/Mcap(x) | 0.27 | 0.25 | 0.11 | 0.11 | 0.3 | 0.46 | 0.16 | 0.26 | 0.3 | 0.09 | 0.12 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 45.06 | 45.06 | 45.06 | 45.06 | 45.06 | 45.06 | 45.06 | 45.06 | 45.06 | 45.06 |
| FII | 0 | 0.01 | 0 | 0.09 | 0.01 | 0.42 | 0.53 | 0.01 | 0.01 | 0.01 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 54.94 | 54.93 | 54.94 | 54.86 | 54.93 | 54.52 | 54.42 | 54.94 | 54.94 | 54.93 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.86 | 0.86 | 0.86 | 0.86 | 0.86 | 0.86 | 0.86 | 0.86 | 0.86 | 0.86 |
| FII | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.05 | 1.05 | 1.05 | 1.05 | 1.05 | 1.04 | 1.04 | 1.05 | 1.05 | 1.05 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 | 1.91 |
* The pros and cons are machine generated.
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