Veto Switchgears & Cables Ltd.

NSE: VETO  SECTOR: Electric Equipment

127.6
-9.8 (-7.13%)

Price Summary

Today's High

₹ 133.3

Today's Low

₹ 125.1

52 Week High

₹ 158.05

52 Week Low

₹ 31.2

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationAttractive
The stock is considerably attractive based on intrinsic value.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.

Company Essentials

Market Cap

243.9068258 Cr.

Enterprise Value

261.8786205 Cr.

No. of Shares

1.9114955 Cr.

P/E

16.94

P/B

1.48

Face Value

₹ 10

Div. Yield

0%

Book Value (TTM)

₹  86.2121

CASH

7.1651569 Cr.

DEBT

25.1369516 Cr.

Promoter Holding

55.74%

EPS (TTM)

₹  7.5318

Sales Growth

10.7994273758183%

ROE

7.52114257933498 %

ROCE

10.8079902658889 %

Profit Growth

9.15985302155157 %

* 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 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

Peer Comparison

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

Sales Growth (in Cr.)

1 Year10.8%
3 Year0.1%
5 Year4.4%

Profit Growth (in Cr.)

1 Year18.5%
3 Year-3.45%
5 Year9.12%

ROE%

1 Year7.52%
3 Year12.08%
5 Year12.36%

ROCE %

1 Year10.81%
3 Year14.52%
5 Year14.52%

Debt/Equity

0.1648

Price to Cash Flow

22.73

Interest Cover Ratio

5.22624226737247

CFO/PAT (5 Yr. Avg.)

1.0800145432885

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2021 55.74 0
Dec 2020 55.74 0
Sep 2020 54.22 0
Jun 2020 54.22 0
Mar 2020 54.22 0
* Figures given above are % of equity capital

 Strengths

  • The company has significantly decreased its debt by 15.0264475 Cr.
  • Company’s PEG ratio is 0.915961787563592.
  • Company has a healthy liquidity position with current ratio of 2.98322699018882.
  • The company has a good cash flow management; CFO/PAT stands at 1.0800145432885.
  • The company has a high promoter holding of 55.74%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 11.5212630001691.

 Limitations

  • The company has shown a poor profit growth of -3.44525062815327% for the Past 3 years.
  • The company has shown a poor revenue growth of 0.0990748568392208% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
Net Sales 31.47 34.52 20.47 38.83 46.75
Total Expenditure 26.37 31.25 17.36 33.75 37.9
Operating Profit 5.1 3.27 3.11 5.08 8.85
Other Income 1.47 1.3 1.03 0.51 0.43
Interest 0.87 0.71 0.49 0.38 0.3
Depreciation 0.36 0.5 0.52 0.44 0.44
Exceptional Items 0 0 0 0 0
Profit Before Tax 5.34 3.37 3.13 4.77 8.54
Tax 1.55 1.18 0.95 1.04 2.23
Profit After Tax 3.79 2.18 2.18 3.72 6.31
Adjusted EPS (Rs) 0.2 0.11 0.11 0.19 0.33

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

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Net Sales 112.09 120.34 123.13 108.93 120.7
Total Expenditure 92.2 104.66 95.08 96.6 105.17
Operating Profit 19.89 15.68 28.05 12.34 15.52
Other Income 0.78 5.36 6.04 6.38 5.65
Interest 4.55 4.1 2.74 3.83 3.72
Depreciation 1.97 1.66 1.48 1.3 1.75
Exceptional Items -4.21 0 0 0 0
Profit Before Tax 9.94 15.27 29.87 13.58 15.7
Tax 2.28 2.99 9.83 4.25 4.65
Net Profit 7.66 12.28 20.04 9.33 11.06
Adjusted EPS (Rs.) 4.18 6.7 10.94 4.88 5.78

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 18.33 18.33 18.33 19.11 19.11
Total Reserves 57.33 72.08 109.79 122.32 133.44
Borrowings 6.02 5.33 3.25 0.78 0.11
Other N/C liabilities -0.71 -2.27 -2.85 -2.39 -1.83
Current liabilities 54.88 38.11 48.89 51.03 40.14
Total Liabilities 135.83 131.58 177.41 190.86 190.97
Assets
Net Block 18.97 17.91 17.59 10.59 11.46
Capital WIP 2.1 5.03 7.32 0.26 2.39
Investments 1.93 1.93 1.93 16.44 26.92
Loans & Advances 34.13 22.04 41.98 41.28 29.54
Other N/C Assets 0.8 3.37 0.75 0.98 0.91
Current Assets 77.89 81.3 107.84 121.3 119.73
Total Assets 135.83 131.58 177.41 190.86 190.97
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Profit Before Tax 9.94 15.27 29.87 13.58 15.7
Adjustment 6.31 5.73 0.41 -0.4 0.39
Working Capital Changes 4.93 3.52 -26.1 -1.16 -0.87
Tax Paid -2.6 -2.67 -4.98 -9.57 -4.49
Operating Cash Flow 18.58 21.85 -0.79 2.45 10.73
Investing Cash Flow -18.19 -1.29 -19.96 5.18 2.44
Financing Cash Flow -0.05 -20.68 20.94 2.63 -18.74
Net Cash Flow 0.34 -0.12 0.19 10.26 -5.57

Corporate Actions

Ratings & Research Reports

Company Presentations

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Company News

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 find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. 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 16.941501367535 which is high and comparatively 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 5.79095890961973 % 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 2.98322699018882 .

  • 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 7.52114257933498 % .(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 D/E ratio of 0.1648 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Veto Switchgears has an Inventory turnover ratio of 2.04434688309708 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Veto Switchgears has reported revenue growth of 10.7994273758183 % 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 12.8620768218187 %.

  • 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 0 and the yield is 0 %.

 

Brief about Veto Switchgears

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