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Veto Switchgears share price

Veto Switchgears And Cables Ltd.

NSE: VETO BSE: 539331 SECTOR: Electric Equipment  37k   63   7

128.21
-0.21 (-0.16%)
NSE: 02 Jul 4:00 PM

Price Summary

Today's High

₹ 129.6

Today's Low

₹ 126.9

52 Week High

₹ 156.4

52 Week Low

₹ 100.55

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationFair
The stock’s market price justifies its intrinsic value.
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

245.07 Cr.

Enterprise Value

268.53 Cr.

No. of Shares

1.91 Cr.

P/E

8.04

P/B

1.02

Face Value

₹ 10

Div. Yield

0.78 %

Book Value (TTM)

₹  125.14

CASH

3.82 Cr.

DEBT

27.27 Cr.

Promoter Holding

45.06 %

EPS (TTM)

₹  15.94

Sales Growth

12.9%

ROE

11.42 %

ROCE

15.02%

Profit Growth

1.01 %

* 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

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

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year12.9%
3 Year17.55%
5 Year9.75%

Profit Growth

1 Year1.01%
3 Year27.38%
5 Year2.66%

ROE%

1 Year11.42%
3 Year11.36%
5 Year9.84%

ROCE %

1 Year15.02%
3 Year14.51%
5 Year12.87%

Debt/Equity

0.1295

Price to Cash Flow

48.15

Interest Cover Ratio

9.15975321606721

CFO/PAT (5 Yr. Avg.)

0.280873275193684

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 45.06 0
Dec 2023 45.06 0
Sep 2023 47.15 0
Jun 2023 50.08 0
Mar 2023 50.08 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 27.3757416726737% for the Past 3 years.
  • The company has shown a good revenue growth of 17.5528486839236% for the Past 3 years.
  • Company has a healthy Interest coverage ratio of 9.15975321606721.
  • Company has a healthy liquidity position with current ratio of 4.58363131477308.

 Limitations

 Looks like the company does not have any serious limitations.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 59.85 41.64 51.31 54.96 61.66
Total Expenditure 54.41 36.32 43.79 48.27 56.83
Operating Profit 5.44 5.32 7.52 6.69 4.83
Other Income 9.47 0.84 1.11 0.88 17.77
Interest 1.09 0.69 0.97 0.44 0.49
Depreciation 0.55 0.61 0.55 0.64 0.33
Exceptional Items 0 0 0 0 0
Profit Before Tax 13.27 4.86 7.11 6.48 21.78
Tax 3.59 1.19 1.82 2.28 4.47
Profit After Tax 9.68 3.66 5.29 4.2 17.32
Adjusted EPS (Rs) 5.07 1.92 2.77 2.2 9.06

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

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 108.93 120.7 152.66 173.66 196.06
Total Expenditure 96.6 105.17 129.42 147.44 171.73
Operating Profit 12.34 15.52 23.24 26.22 24.33
Other Income 6.38 5.65 2.71 10.35 12.89
Interest 3.83 3.72 1.75 3.23 3.81
Depreciation 1.3 1.75 1.86 2.58 2.33
Exceptional Items 0 0 0 0 0
Profit Before Tax 13.58 15.7 22.34 30.76 31.08
Tax 4.25 4.65 6.23 8.14 8.23
Net Profit 9.33 11.06 16.12 22.62 22.85
Adjusted EPS (Rs.) 4.88 5.78 8.43 11.83 11.95

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 19.11 19.11 19.12 19.12 19.12
Total Reserves 122.32 133.44 149.7 170.48 191.47
Borrowings 0.78 0.11 0.12 3.37 10.34
Other N/C liabilities -2.39 -1.83 3.13 3.07 0.99
Current liabilities 51.03 40.14 49.64 51.31 36.3
Total Liabilities 190.86 190.97 221.71 247.35 258.21
Assets
Net Block 10.59 11.46 13.01 11.86 10.52
Capital WIP 0.26 2.39 0 0 0
Intangible WIP 0 0 0 0 0
Investments 16.44 26.92 39.36 39.36 39.36
Loans & Advances 41.28 29.54 18.84 28.87 28.08
Other N/C Assets 0.98 0.91 14.99 14.11 13.87
Current Assets 121.3 119.73 135.51 153.15 166.38
Total Assets 190.86 190.97 221.71 247.35 258.21
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 13.58 15.7 22.34 30.76 31.08
Adjustment -0.4 0.64 1.46 -3.08 -5.35
Changes in Assets & Liabilities -1.16 -0.9 -14.98 -19.26 -10.79
Tax Paid -9.57 -4.49 -5.69 -7.02 -9.85
Operating Cash Flow 2.45 10.95 3.13 1.4 5.09
Investing Cash Flow 5.18 2.41 -13.9 0.33 12.28
Financing Cash Flow 2.63 -18.92 7.17 -2.57 -15.83
Net Cash Flow 10.26 -5.57 -3.59 -0.84 1.55

Corporate Actions

Investors Details

PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
promoters 50.08 50.08 47.15 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
kishore kumar gurnani . - - - - 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
sitadevi gurnani 0.08 0.08 0.08 0.08 0.08
veto electropowers (india... 37.30 37.30 34.37 32.28 32.28
kishore kumar gurnani 0.29 0.29 0.29 0.29 -
kanishk kishore gurnani 2.16 - - - -
rohit gurnani 1.22 - - - -
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 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

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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 8.0409668477102 which is low and comparatively undervalued .

  • Share Price: - The current share price of Veto Switchgears is Rs 128.21. 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 9.03870563333227 % 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 4.58363131477308 .

  • 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 11.418763026895 % .(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 0.1295 which means that the company has low proportion of debt in its capital.

  • Sales growth: - Veto Switchgears has reported revenue growth of 12.9025217913569 % 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 12.4109094655537 %.

  • 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 0.7752 %.

  • 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 15.9446 . 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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