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Veto Switchgears share price

Veto Switchgears And Cables Ltd.

NSE: VETO BSE: 539331 SECTOR: Electric Equipment  64.23 K   72   9

115.20
-0.35 (-0.30%)
BSE: 17 Oct 04:01 PM

Price Summary

Today's High

₹ 117.05

Today's Low

₹ 114

52 Week High

₹ 149

52 Week Low

₹ 92.5

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

220.2 Cr.

Enterprise Value

235.99 Cr.

No. of Shares

1.91 Cr.

P/E

10.52

P/B

0.84

Face Value

₹ 10

Div. Yield

0.87 %

Book Value (TTM)

₹  137.33

CASH

0.7 Cr.

DEBT

16.48 Cr.

Promoter Holding

45.06 %

EPS (TTM)

₹  10.95

Sales Growth

3.09%

ROE

8.64 %

ROCE

11.03%

Profit Growth

-29.38 %

* 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 Year3.09%
3 Year7.55%
5 Year12.35%

Profit Growth

1 Year-29.38%
3 Year-1.64%
5 Year14.25%

ROE%

1 Year8.64%
3 Year11.21%
5 Year11.25%

ROCE %

1 Year11.03%
3 Year14.52%
5 Year14.41%

Debt/Equity

0.0637

Price to Cash Flow

13.86

Interest Cover Ratio

23.4167

CFO/PAT (5 Yr. Avg.)

0.274111603625335

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2025 45.06 0.00
Jun 2025 45.06 0.00
Mar 2025 45.06 0.00
Dec 2024 45.06 0.00
Sep 2024 45.06 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 23.4167.
  • Company has a healthy liquidity position with current ratio of 4.9786.

 Limitations

  • The company has shown a poor profit growth of -1.64203828885217% for the Past 3 years.
  • The company has shown a poor revenue growth of 7.55079635337208% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
Net Sales 41.74 52.98 54.13 67.19 43.24
Total Expenditure 36.49 46.49 50.29 57.89 38.68
Operating Profit 5.25 6.5 3.84 9.3 4.56
Other Income 1.25 1.35 2.35 1.67 1.58
Interest 0.26 0.06 0.33 0.6 0.47
Depreciation 0.52 0.55 0.72 0.64 0.76
Exceptional Items 0 0 0 0 0
Profit Before Tax 5.72 7.24 5.14 9.74 4.91
Tax 1.41 1.81 1.3 1.8 1.19
Profit After Tax 4.32 5.42 3.84 7.95 3.72
Adjusted EPS (Rs) 2.26 2.84 2.01 4.16 1.95

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

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 152.66 173.66 196.06 209.56 216.04
Total Expenditure 129.42 147.44 171.73 185.21 191.15
Operating Profit 23.24 26.22 24.33 24.35 24.89
Other Income 2.71 10.35 12.89 20.61 6.62
Interest 1.75 3.23 3.81 2.59 1.24
Depreciation 1.86 2.58 2.33 2.13 2.43
Exceptional Items 0 0 0 0 0
Profit Before Tax 22.34 30.76 31.08 40.23 27.84
Tax 6.23 8.14 8.23 9.76 6.31
Net Profit 16.12 22.62 22.85 30.48 21.52
Adjusted EPS (Rs.) 8.43 11.83 11.95 15.94 11.26

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 19.12 19.12 19.12 19.12 19.12
Total Reserves 149.7 170.48 191.47 220.09 239.67
Borrowings 0.12 3.37 10.34 2.03 2.16
Other N/C liabilities 3.13 3.07 0.99 0.22 -1.22
Current liabilities 49.64 51.31 35.54 27.56 36.21
Total Liabilities 221.71 247.35 257.45 269.02 295.95
Assets
Net Block 13.01 11.86 10.52 11.84 18.52
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 39.36 39.36 39.36 26.87 27.18
Loans & Advances 18.84 28.87 28.14 37.52 56.9
Other N/C Assets 14.99 14.11 13.87 13.29 13.06
Current Assets 135.51 153.15 165.56 179.5 180.29
Total Assets 221.71 247.35 257.45 269.02 295.95
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations 22.34 30.76 31.08 40.23 27.84
Adjustment 1.46 -3.08 -5.42 -12.85 -0.76
Changes in Assets & Liabilities -14.98 -19.26 -10.72 -10.64 -4.01
Tax Paid -5.69 -7.02 -9.85 -11.11 -7.18
Operating Cash Flow 3.13 1.4 5.09 5.63 15.88
Investing Cash Flow -13.9 0.33 12.22 17.15 -23.27
Financing Cash Flow 7.17 -2.57 -15.83 -19.47 0.61
Net Cash Flow -3.59 -0.84 1.48 3.32 -6.78

Corporate Actions

Investors Details

PARTICULARS Sep 2024% Dec 2024% Mar 2025% Jun 2025% Sep 2025%
promoters 45.06 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... 32.28 32.28 32.28 32.28 32.28
kishore kumar gurnani - - 0.29 0.29 -
PARTICULARS Dec 2022% Mar 2023% Jun 2023% Sep 2023% Sep 2025%
investors 49.92 49.92 49.92 52.85 54.94
dheeraj kumar lohia - - - - 1.43
mahendra girdharilal wadh... - - - - 1.08
ashok kumar lodha 1.54 1.35 1.05 1.05 -
bhupesh kumar lodha 1.05 1.05 1.05 - -
seetha kumari - 1.68 - - -

Annual Reports

Title Link
Title Link
Annual Report 2021
Annual Report 2019
Annual Report 2018
Annual Report 2017

Ratings & Research Reports

TYPE AGENCY Link
TYPE AGENCY Link
Credit ICRA
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Concalls & Presentations

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Company News

Veto Switchgears - Quaterly Results 13 Aug, 7:07 PM Veto Switchgears - Quaterly Results 13 Aug, 7:07 PM Veto Switchgears - Quaterly Results 13 Feb, 6:51 PM 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 10.6214895657336 which is low and comparatively undervalued.

  • 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 7.6197% 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 4.9786.

  • 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 8.6444%. (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 0.0637 which means that the company has low proportion of debt in its capital.

  • Sales growth: Veto Switchgears has reported revenue growth of 3.0926% 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 11.5204664286878%.

  • 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 0.8654%.

  • 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 10.9495. 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. 

Veto Switchgears FAQs

Q1. What is Veto Switchgears share price today?
Ans: The current share price of Veto Switchgears is Rs 116.3.

Q2. What is the market capitalisation of Veto Switchgears?
Ans: Veto Switchgears has a market capitalisation of Rs 222.30692665 Cr., calculated based on its latest share price.

Q3. What are the P/E and P/B ratios of Veto Switchgears?
Ans: The PE ratio of Veto Switchgears is 10.6214895657336 and the P/B ratio of Veto Switchgears is 0.846849182204371, showing how the stock is valued against its earnings and book value.

Q4. What is the 52-week high and low of Veto Switchgears share?
Ans: The 52-week high share price of Veto Switchgears is Rs 149, and the 52-week low share price of Veto Switchgears is Rs 92.6.

Q5. Does Veto Switchgears pay dividends?
Ans: Currently, Veto Switchgears pays dividends. Dividend yield of Veto Switchgears is around 0.8654%.

Q6. What are the face value and book value of Veto Switchgears shares?
Ans: The face value of Veto Switchgears shares is Rs 10, while the book value per share of Veto Switchgears is around Rs 137.3326. Face value is the nominal value set by the company, whereas book value reflects its accounting worth.

Q7. What is the debt of Veto Switchgears?
Ans: Veto Switchgears has a total debt of Rs 16.4831 Cr., which affects investor sentiment and financial stability. 

Q8. What are the ROE and ROCE of Veto Switchgears?
Ans: The ROE of Veto Switchgears is 8.6444% and ROCE of Veto Switchgears is 11.0335%. ROE shows how efficiently the company is generating profit from shareholders’ equity, while the ROCE is reflects how efficiently the company uses its capital to generate returns.

Q9. Is Veto Switchgears a good buy for the long term?
Ans: The Veto Switchgears long-term outlook depends on debt levels, earnings growth, and sector trends. If it sustains profits and manages debt well, it may be considered for long-term investment.

Q10. Is Veto Switchgears undervalued or overvalued?
Ans: Based on valuation ratios like P/E, P/B, and EV/EBITDA, one can analyse whether the Veto Switchgears appears undervalued or overvalued at current levels. You can check detailed valuation metrics and peer comparisons on Finology Ticker.

Q11. How to check Veto Switchgears’s financials?
Ans: You can review Veto Switchgears’s financial statements - including balance sheet, income statement, and quarterly results - on Finology Ticker.

Last Updated on:
Brief about Veto Switchgears
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