Veto Switchgears And Cables Ltd.

₹99.22

-2.8 (-2.8%)

VETO Share Price

Consumer Durables

As on March 9, 2026

SectorConsumer Durables

IndustryConsumer Durables

Basic IndustryConsumer Electronics

Market Cap₹ 188 Cr

P/E Ratio8.57

Dividend Yield0.1 %

Trendline Performance

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Technicals

Indicators	Value	Signal
5-DMA	100.74	Bearish
10-DMA	102.73	Bearish
20-DMA	103.13	Bearish
50-DMA	104.62	Bearish
100-DMA	109.55	Bearish
200-DMA	115.62	Bearish

Historical Performance

1 Year

-1%

3 Years

14.4%

5 Years

-33.4%

10 Years

-0.3%

Shareholding Pattern

Values Analysis

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Profit & Loss

Below figures are in Rs. Crores

Particulars	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021
Net Sales	3,004	3,001	2,902	2,672	1,812
Total Expenditure	2,687	2,692	2,575	2,333	1,576
Other Income	25	47	53	31	15
Operating Profit	342	356	380	371	251
Interest	16	41	48	40	19
Depreciation	31	27	28	33	20
Profit Before Tax	295	288	304	298	214
Consolidated Net Profit	221	180	202	200	148
Adjusted EPS	12	9	11	10	8

Compounded Sales Growth

10 Years:25.3

5 Years:14.9

3 Years:2.4

TTM:0

Compounded Profit Growth

10 Years:25.4

5 Years:19

3 Years:2

TTM:4.3

Stock Price CAGR

10 Years:-0.1

5 Years:-7.4

3 Years:4.1

TTM:0.2

Return on Equity

10 Years:7.1

5 Years:7.7

3 Years:10.6

last year:11.6

Quarterly Results

Below figures are in Rs. Crores

Particulars	Sep-2024	Dec-2024	Mar-2025	Jul-2025	Sep-2025
Sales	1,70,754	1,35,936	1,28,552	1,22,189	1,05,161
Expenses	63,042	56,557	52,457	45,459	34,856
Operating Profit	1,07,712	79,379	76,096	76,730	70,304
OPM %	63%	58%	59%	63%	67%
Other Income	33,912	31,759	27,333	24,879	18,947
Interest	77,780	58,584	59,248	62,137	53,713
Depreciation	2,345	1,681	1,385	1,277	1,221
Profit Before Tax	61,498	50,873	42,796	38,195	34,318
Tax %	25%	25%	26%	29%	35%
Net Profit	46,149	38,151	31,857	27,296	22,446
EPS in Rs	83	69	58	50	42

Balance Sheet

Below figures are in Rs. Crores

Particulars	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021
Share Capital	191	191	191	191	191
Total Reserves	2,473	2,271	2,138	1,935	1,747
Long-Term Borrowings	---	---	---	---	---
Total Non-Current Liabilities	19	28	137	87	53
Other Current Liabilities	100	176	66	46	38
Short Term Borrowings	193	94	322	420	345
Total Liabilities	3,277	3,021	3,179	3,057	2,711
Capital Work in Progress	115	94	65	26	21
Long Term Loans & Advances	65	19	23	20	11
Currents Investments	---	---	---	---	---
Short Term Loans and Advances	106	104	90	69	71
Total Current Assets	2,590	2,496	2,681	2,577	2,226
Total Assets	3,277	3,021	3,179	3,057	2,711
Adjusted Book Value	139	129	122	111	101

Positive

(80 to 100)

Neutral

(60 to 79)

Negative

(0 to 59)

The stock has a low PE of 8.57, which may indicate undervaluation or subdued growth expectations.
Over the last three years, the stock delivered a weak 3-year price CAGR of 4.1%, indicating poor shareholder returns.
The stock carries a low beta of 0.7, suggesting lower volatility than the broader market.
In the last financial year, the company reported an EBITDA of ₹342 million, reflecting positive operating performance.
In the previous financial year, the company generated revenue of ₹3004 million, suggesting a mid-sized operation.

Investment Calculator

Investment Amount:

₹

Investment Amount: ₹ 1000000

Current Value: ₹ 1002121

No. of Shares: 10100 (Approx)

Performance:0.2%

P/L: ₹2121

NIFTY Performance: 7%

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