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Veto Switchgears share price

Veto Switchgears And Cables Ltd.

NSE: VETO BSE: 539331 SECTOR: Electric Equipment  51k   69   8

131.90
0 0
NSE: Today, 09:34 AM

Price Summary

Today's High

₹ 0

Today's Low

₹ 0

52 Week High

₹ 196

52 Week Low

₹ 106.05

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

252.13 Cr.

Enterprise Value

257.29 Cr.

No. of Shares

1.91 Cr.

P/E

8.07

P/B

1.01

Face Value

₹ 10

Div. Yield

0.75 %

Book Value (TTM)

₹  130.25

CASH

7.46 Cr.

DEBT

12.63 Cr.

Promoter Holding

45.06 %

EPS (TTM)

₹  16.35

Sales Growth

6.88%

ROE

13.55 %

ROCE

17.49%

Profit Growth

33.4 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year6.88%
3 Year11.14%
5 Year13.98%

Profit Growth

1 Year33.4%
3 Year23.66%
5 Year26.71%

ROE%

1 Year13.55%
3 Year12.53%
5 Year11.03%

ROCE %

1 Year17.49%
3 Year16.12%
5 Year14.36%

Debt/Equity

0.0528

Price to Cash Flow

52.61

Interest Cover Ratio

16.5157

CFO/PAT (5 Yr. Avg.)

0.245977952488143

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 45.06 0.00
Jun 2024 45.06 0.00
Mar 2024 45.06 0.00
Dec 2023 45.06 0.00
Sep 2023 47.15 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 23.6554974409395% for the Past 3 years.
  • The company has significantly decreased its debt by 14.6491 Cr.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 16.5157.
  • Company’s PEG ratio is 0.241510848733901.
  • Company has a healthy liquidity position with current ratio of 6.5115.

 Limitations

  • The company has shown a poor revenue growth of 11.1374401433008% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Net Sales 51.31 54.96 61.66 41.74 52.98
Total Expenditure 43.79 48.27 56.83 36.49 46.49
Operating Profit 7.52 6.69 4.83 5.25 6.5
Other Income 1.11 0.88 17.77 1.25 1.35
Interest 0.97 0.44 0.49 0.26 0.06
Depreciation 0.55 0.64 0.33 0.52 0.55
Exceptional Items 0 0 0 0 0
Profit Before Tax 7.11 6.48 21.78 5.72 7.24
Tax 1.82 2.28 4.47 1.41 1.81
Profit After Tax 5.29 4.2 17.32 4.32 5.42
Adjusted EPS (Rs) 2.77 2.2 9.06 2.26 2.84

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 120.7 152.66 173.66 196.06 209.55
Total Expenditure 105.17 129.42 147.44 171.73 185.21
Operating Profit 15.52 23.24 26.22 24.33 24.35
Other Income 5.65 2.71 10.35 12.89 20.61
Interest 3.72 1.75 3.23 3.81 2.59
Depreciation 1.75 1.86 2.58 2.33 2.13
Exceptional Items 0 0 0 0 0
Profit Before Tax 15.7 22.34 30.76 31.08 40.23
Tax 4.65 6.23 8.14 8.23 9.76
Net Profit 11.06 16.12 22.62 22.85 30.48
Adjusted EPS (Rs.) 5.78 8.43 11.83 11.95 15.94

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 19.11 19.12 19.12 19.12 19.12
Total Reserves 133.44 149.7 170.48 191.47 220.09
Borrowings 0.11 0.12 3.37 10.34 2.03
Other N/C liabilities -1.83 3.13 3.07 0.99 0.22
Current liabilities 40.14 49.64 51.31 35.54 27.56
Total Liabilities 190.97 221.71 247.35 257.45 269.02
Assets
Net Block 11.46 13.01 11.86 10.52 11.84
Capital WIP 2.39 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 12.7 39.36 39.36 39.36 26.87
Loans & Advances 29.54 18.84 28.87 28.14 37.58
Other N/C Assets 15.14 14.99 14.11 13.87 13.29
Current Assets 119.73 135.51 153.15 165.56 179.44
Total Assets 190.97 221.71 247.35 257.45 269.02
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 15.7 22.34 30.76 31.08 40.23
Adjustment 0.64 1.46 -3.08 -5.42 -12.85
Changes in Assets & Liabilities -0.9 -14.98 -19.26 -10.72 -11.48
Tax Paid -4.49 -5.69 -7.02 -9.85 -11.11
Operating Cash Flow 10.95 3.13 1.4 5.09 4.79
Investing Cash Flow 2.41 -13.9 0.33 12.22 17.99
Financing Cash Flow -18.92 7.17 -2.57 -15.83 -19.47
Net Cash Flow -5.57 -3.59 -0.84 1.48 3.32

Corporate Actions

Investors Details

PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
promoters 47.15 45.06 45.06 45.06 45.06
akshay kumar gurnani 3.60 3.60 3.60 3.60 3.60
harish kumar gurnani 3.84 3.84 3.84 3.84 3.84
kanishk kishore gurnani .... 2.16 2.16 2.16 2.16 2.16
kishore kumar gurnani . - - 0.29 0.29 0.29
mukesh gurnani 0.03 0.03 0.03 0.03 0.03
narain das gurnani 0.07 0.07 0.07 0.07 0.07
pushpa devi gurnani 1.49 1.49 1.49 1.49 1.49
rohit gurnani . 1.22 1.22 1.22 1.22 1.22
sitadevi gurnani 0.08 0.08 0.08 0.08 0.08
veto electropowers (india... 34.37 32.28 32.28 32.28 32.28
kishore kumar gurnani 0.29 0.29 - - -
PARTICULARS Sep 2022% Dec 2022% Mar 2023% Jun 2023% Sep 2023%
investors 44.26 49.92 49.92 49.92 52.85
ashok kumar lodha - 1.54 1.35 1.05 1.05
bhupesh kumar lodha - 1.05 1.05 1.05 -
seetha kumari - - 1.68 - -
tushar rameshchandra meht... 1.68 - - - -

Ratings & Research Reports

Company Presentations

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Company News

Veto Switchgears - Quaterly Results 13 Aug, 6:38 PM Veto Switchgears - Quaterly Results 13 Aug, 6:38 PM Veto Switchgears And Cables informs about confirmation certificate 12 Jul, 5:24 PM Veto Switchgears and Cables informs about dividend updates 20 Feb, 12:34 PM Veto Switchgears and Cables informs about newspaper publication 15 Feb, 4:24 PM Veto Switchgears - Quaterly Results 13 Feb, 6:26 PM Veto Switchgears - Quaterly Results 13 Feb, 6:26 PM Veto Switchgears and Cables submits Newspaper Publication 13 Jan, 11:23 AM Veto Switchgears and Cables informs about disclosure 1 Dec, 12:32 PM Veto Switchgears and Cables informs about compliance certificate 13 Oct, 3:36 PM Veto Switchgears - Quaterly Results 30 May, 8:19 PM Veto Switchgears and Cables informs about press release 15 Feb, 2:27 PM Veto Switchgears - Quaterly Results 14 Nov, 7:53 PM Veto Switchgears And Cables informs about proceedings of AGM 29 Sep, 4:53 PM Veto Switchgears and Cables informs about newspaper publication 27 May, 2:00 PM Veto Switchgears - Quaterly Results 11 Feb, 5:59 PM Veto Switchgears and Cables informs about certificate 15 Jan, 11:55 AM Veto Switchgears and Cables informs about voting results 8 Oct, 4:22 PM Veto Switchgears and Cables informs about newspaper publication 31 Jul, 2:59 PM Veto Switchgears and Cables informs about closure of trading window 29 Jun, 12:33 PM Veto Switchgears and Cables submits disclosure on related party transactions 5 Dec, 1:26 PM Veto Switchgears & Cables informs about disclosure 21 Nov, 10:27 AM Veto switch gears acquires 46% stake in Vankon modular 18 Nov, 4:03 PM

Veto Switchgears Stock Price Analysis and Quick Research Report. Is Veto Switchgears an attractive stock to invest in?

Stock investing requires careful analysis of financial data to determine a company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement, which can be time-consuming and cumbersome.

Examining a company's financial ratios is an easier way to determine its performance, which can help to make sense of the overwhelming amount of information in its financial statements. 

Here are a few indispensable ratios that should be a part of every investor’s research process, or, in simpler words, how to analyse Veto Switchgears . 

  • PE ratio: Price to Earnings ratio, which indicates how much an investor is willing to pay for a share for every rupee of earnings. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Veto Switchgears has a PE ratio of 8.06520649129887 which is low and comparatively undervalued .

  • Share Price: - The current share price of Veto Switchgears is Rs 131.9. One can use valuation calculators of ticker to know if Veto Switchgears share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Veto Switchgears has ROA of 11.5784 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Veto Switchgears has a Current ratio of 6.5115 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders' investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Veto Switchgears has a ROE of 13.5522 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Veto Switchgears has a Debt to Equity ratio of 0.0528 which means that the company has low proportion of debt in its capital.

  • Sales growth: - Veto Switchgears has reported revenue growth of 6.8803 % which is poor in relation to its growth and performance. 

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Veto Switchgears for the current financial year is 11.6175505656047 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Veto Switchgears is Rs 1 and the yield is 0.7524 %.

  • Earnings Per Share: - It tells us how much profit is allocated to to each outstanding share of a common stock. The latest EPS of Veto Switchgears is Rs 16.3542 . The higher the EPS, the better it is for investors. 

One can find all the Financial Ratios of Veto Switchgears in Ticker for free. Also, one can get the intrinsic value of Veto Switchgears by using Valuation Calculators, which are available with a Finology ONE subscription. 

Last Updated on:
Brief about Veto Switchgears
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