Market Data
Market Cap₹281.56 Cr.
52W High₹158.2
Current Price₹147.3
52W Low₹83
Down from 52W High6.9 %
Face Value₹10
Performance
ROCE12.46 %
ROE9.44 %
EPS (TTM)₹3.1
EPS Prev Qtr₹4.59
EPS Last Year₹3.18
EBITDA Qtr₹8.43 Cr.
Book Value₹152
Financial Health
Debt/Equity0.07
Debt/Profit0.79
Total Assets₹397.848 Cr.
Dividend Yield0.68 %
Promoter Holding45.06 %
Earning Power9.21 %
Valuation
Stock P/E10.29
Industry P/E31.25
Price to Book0.97
Price to Sales0.68
Graham Number₹221.2
Key Metrics
Face Value
₹10
About Veto Switchgears & Cables Ltd
Capital Goods · Capital Goods - Electrical Equipment
Veto Switchgears & Cables Ltd is listed on NSE in the Capital Goods / Capital Goods - Electrical Equipment sector. Face value ₹10. Market cap ₹281.56 Cr.
Price Chart
Strengths & Weaknesses
Strengths
- The company has a low P/E ratio of 8.73, indicating it may be undervalued relative to its earnings.
- The Debt to Equity ratio is low at 0.09, suggesting a conservative capital structure with minimal financial risk.
- The ROCE of 13.4% shows efficient use of capital to generate profits.
- The ROE of 10.13% indicates effective management in generating returns for shareholders.
Weaknesses
- The Dividend Yield is low at 0.8%, which may not attract income-focused investors.
- The P/B ratio of 0.9 suggests the market values the company slightly below its book value, which could indicate concerns about asset valuation or future prospects.
- With a market cap of ₹239.03 Cr, the company is relatively small, which may imply higher risk and lower liquidity for investors.
Peer Comparison
| Name | CMP | P/E | Market Cap | Div Yield | NP Qtr | Qtr Profit Var% | Sales Qtr | Qtr Sales Var% | ROCE% | Debt/Eq |
|---|---|---|---|---|---|---|---|---|---|---|
| ABB India Ltd | - | 48.54 | ₹1,45,051.28 Cr | 0.58% | ₹2,987.84 Cr | - | ₹13,476.81 Cr | - | 26.52% | 0 |
| Bharat Heavy Electricals Ltd | - | 59.14 | ₹1,43,948.5 Cr | 0.34% | ₹2,432.47 Cr | - | ₹35,992.99 Cr | - | 11.64% | 0.3 |
| Hitachi Energy India Ltd | - | 119.71 | ₹1,37,706.32 Cr | 0.03% | ₹1,150.39 Cr | - | ₹9,162.5 Cr | - | 29.86% | 0 |
| CG Power & Industrial Solutions Ltd | - | 108.94 | ₹1,36,235.71 Cr | 0.15% | ₹1,240.09 Cr | - | ₹12,820.71 Cr | - | 21.31% | 0 |
| Siemens Ltd | - | 40.7 | ₹1,33,360.01 Cr | - | ₹3,276.7 Cr | - | ₹18,062.3 Cr | - | 14.18% | 0 |
| GE Vernova T&D India Ltd | - | 82.29 | ₹1,07,411.52 Cr | - | ₹1,305.04 Cr | - | ₹6,712.32 Cr | - | 99.39% | 0 |
| Apar Industries Ltd | - | 60.58 | ₹71,580.64 Cr | 0.34% | ₹1,181.51 Cr | - | ₹24,389.02 Cr | - | 32.95% | 0.16 |
| Waaree Energies Ltd | - | 18.04 | ₹68,892.49 Cr | 0.08% | ₹4,003.13 Cr | - | ₹30,042.73 Cr | - | 33.24% | 0.17 |
| Suzlon Energy Ltd | - | 17.32 | ₹54,284.05 Cr | - | ₹3,144.29 Cr | - | ₹17,429.21 Cr | - | 44.52% | 0.05 |
| Thermax Ltd | - | 62.51 | ₹39,222.68 Cr | 0.61% | ₹590.6 Cr | - | ₹10,839.35 Cr | - | 12.54% | 0.41 |
| Schneider Electric Infrastructure Ltd | - | 155.09 | ₹28,516.74 Cr | - | ₹183.76 Cr | - | ₹2,920.36 Cr | - | 27.64% | 0.66 |
| Dhoot Transmission Ltd | - | - | ₹28,363.43 Cr | - | - | - | - | - | - | 0.35 |
| Emmvee Photovoltaic Power Ltd | - | 16.3 | ₹21,763.87 Cr | 0.32% | ₹1,274.17 Cr | - | ₹5,577.58 Cr | - | 43.38% | 0.05 |
| Triveni Turbine Ltd | - | 51.53 | ₹17,314.15 Cr | 0.83% | ₹336.1 Cr | - | ₹2,252.5 Cr | - | 37.65% | 0 |
| V-Guard Industries Ltd | - | 36.91 | ₹13,416.92 Cr | 0.49% | ₹364.74 Cr | - | ₹6,310.35 Cr | - | 20.69% | 0 |
| Fujiyama Power Systems Ltd | - | - | ₹12,598.32 Cr | - | - | - | - | - | - | 0.73 |
| Quality Power Electrical Equipments Ltd | - | 93.93 | ₹12,518.84 Cr | 0.06% | ₹190.31 Cr | - | ₹1,003.23 Cr | - | 41.3% | 0.07 |
| Atlanta Electricals Ltd | - | 41.66 | ₹12,496.09 Cr | - | ₹217.47 Cr | - | ₹2,002.73 Cr | - | 36.2% | 0.05 |
| Inox Wind Ltd | - | 29.88 | ₹12,443.31 Cr | - | ₹417.04 Cr | - | ₹4,384.97 Cr | - | 10.59% | 0.24 |
| TD Power Systems Ltd | - | 44.32 | ₹12,185.04 Cr | 0.14% | ₹274.99 Cr | - | ₹2,124.39 Cr | - | 34.62% | 0.02 |
Quarterly Results
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|
| Sales | 88.77 | 94.22 | 138.86 | 89.36 |
| ↳ QoQ Growth | - | +6.1% | +47.4% | -35.6% |
| Expenses | 81.42 | 85.54 | 126.69 | 80.93 |
| Operating Profit | 7.35 | 8.68 | 12.17 | 8.43 |
| OPM % | 8.28% | 9.21% | 8.76% | 9.43% |
| Other Income | 0.85 | 0.55 | 0.19 | 0.53 |
| Interest | 0.37 | 0.47 | 0.51 | 0.74 |
| Depreciation | 1.02 | 1.13 | 1.09 | 1.01 |
| EBITDA | 8.37 | 9.81 | 13.26 | 9.44 |
| EBITDA Margin % | 9.43% | 10.41% | 9.55% | 10.56% |
| Profit Before Tax | 7.83 | 8.76 | 11.85 | 8.22 |
| Tax % | 22.48% | 28.31% | 25.74% | 28.83% |
| Net Profit | 6.08 | 6.27 | 8.8 | 5.85 |
| ↳ QoQ Growth | - | +3.1% | +40.4% | -33.5% |
| EPS | 3.18 | 3.45 | 4.59 | 3.1 |
Balance Sheet
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Equity Capital | 19.12 | 19.115 |
| Reserves | 247.33 | 270.5714 |
| Borrowings | 22.95 | 21.43 |
| Other Liabilities | 68.65 | 86.73 |
| Total Liabilities | 358.05 | 397.8479 |
| Fixed Assets | 50.67 | 36.1723 |
| CWIP | 11.46 | 13.0856 |
| Investments | 0.01 | 12.7 |
| Other Assets | 295.91 | 335.89 |
| Total Assets | 358.05 | 397.8479 |
Cash Flows
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Cash from Operating Activity | 14.9909 | 10.3814 |
| Cash from Investing Activity | -18.4876 | -4.1757 |
| Cash from Financing Activity | -3.0009 | -5.3423 |
| Net Cash Flow | -6.4976 | 0.8634 |
Shareholding Pattern
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|
| Promoters % | 45.06% | 45.06% | 45.06% | 45.06% |
| FIIs % | 0.01% | 0.01% | 0.01% | 0.41% |
| DIIs % | 0% | 0% | 0% | 0% |
| Public % | 48.01% | 48.16% | 48.07% | 46.99% |
| No. of Shareholders | 26,299 | 25,776 | 25,172 | 23,721 |
Major Shareholders (>1%)
- Veto Electropowers (india) Private LimitedPromoter and Promoter Group32.28%
- Harish Kumar GurnaniPromoter and Promoter Group3.84%
- Akshay Kumar GurnaniPromoter and Promoter Group3.60%
- Rishabh PantPublic Shareholding2.67%
As of 2026-06-30View all shareholders →