Veto Switchgear Cable logo

Veto Switchgear Cable

VETO NSE

Key Fundamentals

MicrocapElectronicsConsumer Goods
Market Cap
₹241 Cr
Volatility
Moderate
P/E Ratio
8.79
EBITDA
₹37.72 Cr
Return on Equity
8.16%
Debt to Equity
0.07
Book Value
₹151.55
52W High
₹153.95
52W Low
₹82.32

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

3
  • Company is almost debt free.
  • Stock is trading at 0.83 times its book value
  • Company is expected to give good quarter

Weaknesses

4
  • Company has a low return on equity of 8.42% over last 3 years.
  • Dividend payout has been low at 8.97% of profits over last 3 years
  • Company has high debtors of 155 days.
  • Promoter holding has decreased over last 3 years: -5.02%

Growth Rate

Revenue Growth
27.67% higher than 3Y
Net Income Growth
8.81% higher than 3Y
Cash Flow Change
-46.06% lower than 3Y
ROE
11.63% higher than 3Y
ROCE
-11.98% higher than 3Y
EBITDA Margin (Avg.)
-14.07% higher than 3Y

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
66.96
71.64
82.05
79.44
61.21
74.28
75.71
89.18
64.87
88.77
94.22
139
89.36
Expenses
59.13
61.63
73.33
75.12
54.11
65.72
70.52
78.34
58.57
80.4
84.41
126
79.92
Operating Profit
7.83
10.01
8.72
4.32
7.1
8.56
5.19
10.84
6.3
8.37
9.81
13.26
9.44
OPM %
11.69%
13.97%
10.63%
5.44%
11.6%
11.52%
6.86%
12.16%
9.71%
9.43%
10.41%
9.55%
10.56%
Other Income
0.41
0.34
0.39
3.59
0.42
0.15
1.45
0.52
0.35
0.85
0.55
0.19
0.53
Interest
0.97
1.57
0.87
0.73
0.39
0.04
0.5
0.71
0.63
0.37
0.47
0.51
0.74
Depreciation
0.76
0.7
0.79
0.48
0.63
0.66
0.93
0.84
1.09
1.02
1.13
1.09
1.01
PBT
6.51
8.08
7.45
6.7
6.5
8.01
5.21
9.81
4.93
7.83
8.76
11.85
8.22
Tax %
24.88%
25.12%
34.36%
66.87%
24.92%
25.47%
30.33%
25.18%
30.22%
22.48%
28.42%
25.74%
28.83%
Net Profit
4.9
6.05
4.89
2.23
4.88
5.97
3.63
7.34
3.43
6.08
6.27
8.8
5.85
EPS in Rs
2.54
3.13
2.5
1.11
2.54
3.09
1.96
3.94
1.93
3.18
3.45
4.59
3.1
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
97
177
239
253
218
150
181
267
290
300
300
387
411
Expenses
82
151
214
212
197
131
158
233
257
269
269
349
370
Operating Profit
15
26
25
41
21
19
24
34
33
31
32
38
41
OPM %
16%
15%
11%
16%
10%
13%
13%
13%
11%
10%
11%
10%
10%
Other Income
1
-4
2
2
0
1
2
3
5
5
3
2
2
Interest
4
5
4
3
4
4
2
4
5
4
2
2
2
Depreciation
2
2
2
2
1
2
2
3
3
3
3
4
4
PBT
10
15
21
39
16
14
21
30
30
29
30
33
37
Tax %
27%
15%
14%
26%
27%
33%
31%
32%
33%
37%
26%
26%
—
Net Profit
7
13
18
29
12
9
15
20
20
18
22
25
27
EPS in Rs
3.9
7.14
10
15.81
6.05
4.85
7.74
10.47
10.59
9.39
11.58
13.15
14.32
Div. Payout %
0%
28%
20%
13%
0%
0%
13%
10%
9%
11%
9%
8%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
18
18
18
18
19
19
19
19
19
19
19
19
Reserves
54
63
83
130
148
159
175
194
214
227
247
271
Borrowings
35
42
31
38
40
26
35
47
43
23
23
21
Other Liabilities
14
19
13
16
13
16
45
49
45
37
43
87
Total Liabilities
121
142
145
202
220
220
274
309
321
306
332
398
Fixed Assets
22
21
20
23
30
40
44
43
40
41
51
49
CWIP
0
3
8
7
0
3
2
3
7
9
11
13
Investments
0
0
0
0
0
0
0
0
0
0
0
0
Other Assets
99
118
118
171
190
177
227
263
274
256
270
336
Total Assets
121
142
145
202
220
220
274
309
321
306
332
398
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-2
21
20
-25
11
31
7
-8
18
28
15
10
Investing
3
-8
-12
4
-2
-11
-7
0
-2
-8
-18
-4
Financing
-5
0
-21
21
3
-19
-3
4
-10
-27
-3
-5
Net Cash Flow
-4
14
-13
0
12
1
-4
-3
6
-8
-6
1
Free Cash Flow
-4
18
14
-29
9
18
4
-9
13
22
-5
6
CFO/OP
-1
93
88
-49
98
188
56
2
91
130
76
57
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
125
86
86
154
102
145
183
162
171
162
179
155
Inventory Days
141
100
70
86
207
314
320
231
182
156
160
132
Days Payable
58
30
15
15
17
34
92
65
52
40
48
45
Cash Conversion Cycle
208
156
140
225
292
425
411
328
300
278
291
242
Working Capital Days
133
58
93
164
198
282
279
225
229
231
242
207
ROCE %
13%
21%
20%
26%
10%
9%
11%
14%
13%
12%
11%
12%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

FIIs0.41%Public46.99%Others7.54%Promot.45.06%As ofJun 2026

Documents

Frequently Asked Questions about Veto Switchgear Cable

What does Veto Switchgears & Cables Ltd do?
Incorporated in 2007, Veto Switchgears & Cables Ltd manufactures wires & cables, electrical accessories & also deals in LED lighting, CFL & Fans[1]
Where is Veto Switchgears & Cables Ltd (VETO) listed?
Veto Switchgears & Cables Ltd trades as VETO on the NSE and under code 539331 on the BSE.
Which sector does Veto Switchgears & Cables Ltd belong to?
Veto Switchgears & Cables Ltd is classified under the Consumer Discretionary sector, in the Consumer Durables industry.
What is the market capitalisation of Veto Switchgears & Cables Ltd?
Veto Switchgears & Cables Ltd has a market capitalisation of ₹240.85 Cr, which places it in the Small Cap band.
What is the PE ratio of Veto Switchgears & Cables Ltd?
Veto Switchgears & Cables Ltd trades at a PE ratio of 8.79, against a book value of ₹151.55 per share.
What is the 52-week high and low of Veto Switchgears & Cables Ltd?
Over the last 52 weeks Veto Switchgears & Cables Ltd has traded between ₹82.32 and ₹153.95.
Does Veto Switchgears & Cables Ltd pay dividends?
Veto Switchgears & Cables Ltd has a dividend yield of 0.79%.
What is the Return on Equity (ROE) of Veto Switchgears & Cables Ltd?
Veto Switchgears & Cables Ltd reported a return on equity of 8.16%. Its debt-to-equity ratio is 0.07.

Company Information

Incorporated in 2007, Veto Switchgears & Cables Ltd manufactures wires & cables, electrical accessories & also deals in LED lighting, CFL & Fans[1]

Website vetoswitchgears.com
CEO Mr. Akshay Kumar Gurnani
Employees 336
Listed 2015-04-29
Face Value ₹ 10
Issued Size 1,91,14,955

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