VETO - VETO SWITCHGEARS AND CABLES LIMITED Share Price

Consumer Durables

₹109.99+0.83(+0.76%)

Market Closed as of Apr 29, 2025, 15:30 IST

What does VETO SWITCHGEARS AND CABLES LIMITED do?

Consumer Electronics•Consumer Durables•Small Cap

Veto Switchgears and Cables Limited, together with its subsidiaries, engages in the manufacture and sale of wires and cables, and electrical accessories in India and internationally. It operates through Wire and Cables, Accessories & Others, and Lighting and Fittings, and segments. The company offers electrical accessories, including vyoma and power modular switches; and MCBs, circuit breakers, distribution panel, isolator, AC box, and bells and extension cords. It also provides wires and cables, such as multi strand and flexible wires; ceiling, wall, pedesital and table fans; and slim LED panels, concealed light, deep light, spot light, flood light, street light, strip light, rope light, LED bulb and tube light, wall and track light, and surface panels. In addition, the company offers other electrical accessories, such as switch socket, MCB, bell, and all other electrical accessories. The company markets its products under the VETO and VIMAL POWER brand names through a network of dealers and distributors. Veto Switchgears and Cables Limited was founded in 1967 and is based in Jaipur, India.

Industry Group:Consumer Durables

Employees:331

Website:www.vetoswitchgears.com

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Category	VETO	Consumer
PE	12.49	89.58
PS	0.70	3.72
Growth	-3.7 %	44.5 %

Income Statement for VETO SWITCHGEARS AND CABLES

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	1.9%	54	53	42	62	55	51
Other Income	285.7%	2.35	1.35	1.25	18	0.88	1.11
Total Income	3.8%	56	54	43	79	56	52
Cost of Materials	-23.8%	17	22	16	20	22	25
Purchases of stock-in-trade	-5%	20	21	18	19	20	22
Employee Expense	-4.9%	2.73	2.82	2.69	3.03	2.63	2.65
Finance costs	28.7%	0.33	0.06	0.26	0.49	0.44	0.97
Depreciation and Amortization	37.8%	0.72	0.55	0.52	0.33	0.64	0.55
Other expenses	25.5%	5.43	4.53	4.05	6.59	5.22	4.19
Total Expenses	8.7%	51	47	37	58	49	45
Profit Before exceptional items and Tax	-33.7%	5.14	7.24	5.72	22	6.48	7.11
Total profit before tax	-33.7%	5.14	7.24	5.72	22	6.48	7.11
Current tax	-64.2%	1.29	1.81	1.51	5.17	1.75	1.83
Deferred tax	-	0.01	0	-0.1	-0.7	0.53	-0.01
Total tax	-63.4%	1.3	1.82	1.41	4.47	2.28	1.82
Total profit (loss) for period	-35.7%	3.84	5.42	4.31	17	4.2	5.29
Other comp. income net of taxes	0%	0.01	0.01	0.01	0.01	0.01	0.01
Total Comprehensive Income	-35.8%	3.85	5.44	4.33	17	4.22	5.31
Earnings Per Share, Basic	-45.1%	2.01	2.84	2.26	9.06	2.2	2.77
Earnings Per Share, Diluted	-45.1%	2.01	2.84	2.26	9.06	2.2	2.77

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	7.2%	210	196	174	153	121	109
Other Income	66.7%	21	13	10	2.71	5.65	6.64
Total Income	10.1%	230	209	184	155	126	116
Cost of Materials	12.2%	84	75	69	62	44	51
Purchases of stock-in-trade	10.4%	75	68	56	48	39	40
Employee Expense	0%	11	11	11	11	10	8.08
Finance costs	-43.4%	2.59	3.81	3.23	1.75	3.72	3.87
Depreciation and Amortization	-15%	2.13	2.33	2.58	1.8	1.75	1.3
Other expenses	11.8%	20	18	18	15	13	14
Total Expenses	6.8%	190	178	153	133	111	102
Profit Before exceptional items and Tax	30%	40	31	31	22	16	14
Total profit before tax	30%	40	31	31	22	16	14
Current tax	36.8%	10	7.58	8.29	6.35	4.84	3.94
Deferred tax	-265.7%	-0.28	0.65	-0.15	-0.12	-0.19	0.31
Total tax	21.2%	9.76	8.23	8.14	6.23	4.65	4.25
Total profit (loss) for period	31.8%	30	23	23	16	11	9.33
Other comp. income net of taxes	0%	0.05	0.05	0.08	0.14	0.07	0.03
Total Comprehensive Income	36.4%	31	23	23	16	11	9.36
Earnings Per Share, Basic	36.4%	15.94	11.95	11.83	8.48	5.82	4.91
Earnings Per Share, Diluted	36.4%	15.94	11.95	11.83	8.48	5.82	4.91

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	2.7%	76	74	61	79	82	72
Other Income	152.9%	1.45	0.15	0.42	3.59	0.39	0.34
Total Income	4.1%	77	74	62	83	82	72
Cost of Materials	-22.6%	25	32	28	29	29	32
Purchases of stock-in-trade	0%	26	26	23	25	26	28
Employee Expense	3.8%	4.8	4.66	4.53	4.8	4.51	4.49
Finance costs	47.9%	0.5	0.04	0.39	0.73	0.87	1.57
Depreciation and Amortization	79.4%	0.93	0.66	0.63	0.48	0.79	0.7
Other expenses	4.5%	8.23	7.92	6.09	6.69	7.72	6.42
Total Expenses	9.2%	72	66	55	76	75	64
Profit Before exceptional items and Tax	-39.8%	5.22	8.01	6.5	6.71	7.45	8.08
Total profit before tax	-39.8%	5.22	8.01	6.5	6.71	7.45	8.08
Current tax	-47.1%	1.55	2.04	1.72	5.17	2.03	1.98
Deferred tax	-67.2%	0.03	0.42	-0.09	-0.69	0.53	0.05
Total tax	-60.3%	1.58	2.46	1.62	4.48	2.56	2.03
Total profit (loss) for period	-47.1%	3.63	5.97	4.88	2.23	4.89	6.05
Other comp. income net of taxes	1%	0.02	0.01	0.01	-2.2	0.06	0.25
Total Comprehensive Income	-46.6%	3.66	5.98	4.89	0.03	4.95	6.3
Earnings Per Share, Basic	-57.5%	1.9	3.12	2.55	1.17	2.56	3.16
Earnings Per Share, Diluted	-57.5%	1.9	3.12	2.55	1.17	2.56	3.16

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	3.1%	300	291	268	181	150	218
Other Income	9.7%	4.73	4.4	3.14	1.49	0.68	0.38
Total Income	3.1%	305	296	271	183	151	219
Cost of Materials	1.8%	115	113	113	75	50	58
Purchases of stock-in-trade	14%	99	87	88	58	48	169
Employee Expense	-5.6%	18	19	16	12	11	9.36
Finance costs	-16.9%	4.14	4.78	3.95	1.86	3.73	3.89
Depreciation and Amortization	-4.9%	2.73	2.82	3.33	2	1.9	1.47
Other expenses	13%	27	24	24	17	16	15
Total Expenses	4.2%	276	265	241	161	137	203
Profit Before exceptional items and Tax	-3.4%	29	30	30	21	14	16
Total profit before tax	-3.4%	29	30	30	21	14	16
Current tax	23%	11	9.13	9.65	6.59	4.84	3.94
Deferred tax	-600%	-0.19	0.83	-0.04	-0.04	-0.2	0.44
Total tax	11.6%	11	9.96	9.61	6.55	4.64	4.38
Total profit (loss) for period	-10.5%	18	20	20	15	9.28	12
Other comp. income net of taxes	-380.2%	-1.55	1.91	0.73	0.09	1.18	3.33
Total Comprehensive Income	-23.8%	17	22	21	15	10	15
Earnings Per Share, Basic	-12.9%	9.45	10.7	10.56	7.76	4.88	6.09
Earnings Per Share, Diluted	-12.9%	9.45	10.7	10.56	7.76	4.88	6.09

Balance Sheet for VETO SWITCHGEARS AND CABLES

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-106.1%	0.63	7.07	11	3.82	9.06	2.28
Total current financial assets	-14.6%	89	104	93	92	82	76
Inventories	11.6%	78	70	78	67	76	70
Current tax assets	-	0	0	0.4	0	0	0
Total current assets	-3.4%	173	179	179	166	165	151
Property, plant and equipment	0%	11	11	9.68	10	9.99	11
Capital work-in-progress	-	6.4	0	0	0	0	0
Investment property	0%	13	13	13	13	14	14
Non-current investments	0%	27	27	39	39	39	39
Loans, non-current	37.1%	49	36	27	26	39	28
Total non-current financial assets	20.6%	77	64	68	68	80	69
Total non-current assets	20.4%	113	94	95	96	108	97
Total assets	4.4%	286	274	275	262	273	249
Borrowings, non-current	-14.6%	1.88	2.03	10	10	10	3.37
Total non-current financial liabilities	-16%	5.42	6.26	15	15	14	9.44
Provisions, non-current	0%	0.53	0.53	0.41	0.41	0.29	0.29
Total non-current liabilities	-14.7%	5.94	6.79	15	15	15	9.73
Borrowings, current	-37%	7.3	11	18	17	40	34
Total current financial liabilities	26.1%	30	24	38	33	56	45
Provisions, current	-3.6%	0.14	0.17	0.15	0.16	0.03	0.17
Current tax liabilities	-128.9%	0.13	0.62	0	1.23	2.19	2.31
Total current liabilities	14.8%	32	28	40	36	60	49
Total liabilities	12.1%	38	34	55	51	75	59
Equity share capital	0%	19	19	19	19	19	19
Total equity	4.2%	249	239	220	211	198	190
Total equity and liabilities	4.4%	286	274	275	262	273	249

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-87.8%	1.8	7.54	28	15	20	9.45
Total current financial assets	-6.9%	135	145	162	154	142	128
Inventories	14%	107	94	113	105	126	122
Current tax assets	-	0	0	0	0	0	0
Total current assets	0.8%	252	250	286	268	279	258
Property, plant and equipment	3.8%	28	27	26	27	27	27
Capital work-in-progress	89.6%	17	9.44	7.93	6.52	4.11	2.6
Investment property	0%	13	13	13	13	14	14
Non-current investments	0%	0.01	0.01	0.01	0.01	0.01	0.01
Total non-current financial assets	-27.4%	1.45	1.62	2.66	2.7	2.46	2.89
Total non-current assets	12.5%	64	57	54	53	51	51
Total assets	3.3%	316	306	340	321	330	309
Borrowings, non-current	4.5%	2.15	2.1	10	10	10	3.57
Total non-current financial liabilities	-8.5%	5.71	6.15	15	15	15	9.82
Provisions, non-current	14.1%	2.78	2.56	2.37	2.05	1.86	1.81
Total non-current liabilities	-5.7%	8.49	8.94	17	17	17	12
Borrowings, current	-58.9%	8.81	20	37	32	41	42
Total current financial liabilities	2.2%	48	47	70	62	76	79
Provisions, current	-3.6%	0.14	0.17	0.15	0.16	0.03	0.17
Current tax liabilities	-128.9%	0.13	0.62	-0.4	1.36	3.41	2.66
Total current liabilities	0%	50	50	78	70	85	84
Total liabilities	-1.7%	58	59	95	87	102	95
Equity share capital	0%	19	19	19	19	19	19
Non controlling interest	-	1.06	1	0.96	0.89	0.84	0.68
Total equity	4.5%	258	247	245	234	228	213
Total equity and liabilities	3.3%	316	306	340	321	330	309

Description	Share	Value
Lighting & Fittings	51.6%	39 Cr
Wire & Cables	24.9%	18.8 Cr
Accessories & Others	23.6%	17.8 Cr
Total		75.7 Cr

Valuation
Market Cap	210.25 Cr
Price/Earnings (Trailing)	12.58
Price/Sales (Trailing)	0.71
EV/EBITDA	6.83
Price/Free Cashflow	12.07
MarketCap/EBT	7.95

Fundamentals
Revenue (TTM)	296.25 Cr
Rev. Growth (Yr)	-6.4%
Rev. Growth (Qtr)	3.67%
Earnings (TTM)	16.71 Cr
Earnings Growth (Yr)	-25.67%
Earnings Growth (Qtr)	-39.13%

Profitability
Operating Margin	8.92%
EBT Margin	8.92%
Return on Equity	6.47%
Return on Assets	5.28%
Free Cashflow Yield	8.28%

Investor Care
Dividend Yield	1.93%
Dividend/Share (TTM)	2
Shares Dilution (1Y)	0.00%
Diluted EPS (TTM)	8.74

Financial Health
Current Ratio	5.07
Debt/Equity	0.04
Debt/Cashflow	1.22

Cash Flow for VETO SWITCHGEARS AND CABLES

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-43.4%	2.59	3.81	3.23
Change in inventories	-379.3%	-2.38	2.21	-4.56
Depreciation	-15%	2.13	2.33	2.58
Impairment loss / reversal	-7.5%	0	0.07	0.1
Adjustments for interest income	-8.1%	2.94	3.11	2.01
Net Cashflows from Operations	108.7%	49	24	16
Interest received	-	-14.51	0	0
Income taxes paid (refund)	13%	11	9.85	7.02
Other inflows (outflows) of cash	-926.3%	-18.5	-0.9	-1.01
Net Cashflows From Operating Activities	-68.3%	4.81	13	8.24
Purchase of property, plant and equipment	-43300%	-3.32	1.01	0.45
Proceeds from sales of investment property	-	0.49	0	0
Purchase of investment property	-	2.61	0	0
Proceeds from sales of long-term assets	-	0	0	0.15
Interest received	14100%	15	0.9	0.9
Other inflows (outflows) of cash	421.3%	12	3.11	2.01
Net Cashflows From Investing Activities	466.7%	18	4	-6.97
Proceeds from borrowings	-389.1%	-17.24	7.31	3.03
Repayments of borrowings	-49.3%	0	0.33	0
Payments of lease liabilities	-61.3%	0	0.38	0
Dividends paid	0%	1.91	1.91	1.91
Interest paid	-136.1%	0	3.77	3.23
Other inflows (outflows) of cash	92.5%	-0.33	-16.73	0
Net Cashflows from Financing Activities	-21.7%	-19.49	-15.83	-2.11
Net change in cash and cash eq.	320%	3.31	1.55	-0.84

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-16.9%	4.14	4.78	3.95
Change in inventories	-37.5%	11	17	-10.14
Depreciation	-4.9%	2.73	2.82	3.33
Impairment loss / reversal	-7.5%	0	0.07	0.1
Adjustments for interest income	-67%	-0.62	0.03	0.03
Net Cashflows from Operations	26.7%	39	31	1.05
Income taxes paid (refund)	0%	12	12	8.48
Other inflows (outflows) of cash	47.4%	0	-0.9	-1
Net Cashflows From Operating Activities	52.9%	27	18	-8.43
Proceeds from sales of PPE	-	0	0	0.15
Purchase of property, plant and equipment	29.9%	6.3	5.08	1.27
Interest received	-3.1%	0	0.03	0.03
Other inflows (outflows) of cash	-311.1%	0.63	0.91	0.9
Net Cashflows From Investing Activities	-29.5%	-5.67	-4.15	-0.19
Proceeds from borrowings	-115.8%	0	7.31	11
Repayments of borrowings	-69.5%	0	0.41	0
Payments of lease liabilities	-88.7%	0	0.47	0
Dividends paid	-209.9%	0	1.91	1.91
Interest paid	-126.8%	0	4.73	3.95
Other inflows (outflows) of cash	-165.1%	-27.31	-9.68	0
Net Cashflows from Financing Activities	-160%	-27.31	-9.89	4.82
Effect of exchange rate on cash eq.	-216.3%	0	1.86	0.66
Net change in cash and cash eq.	-246.7%	-6.04	5.8	-3.14

Shareholder Name	Holding %
VETO ELECTROPOWERS (INDIA) PRIVATE LIMITED	32.28%
HARISH KUMAR GURNANI	3.84%
AKSHAY KUMAR GURNANI	3.6%
KANISHK KISHORE GURNANI .	2.16%
PUSHPA DEVI GURNANI	1.49%
ROHIT GURNANI .	1.22%
KISHORE KUMAR GURNANI	0.29%
SITADEVI GURNANI	0.08%
NARAIN DAS GURNANI	0.07%
MUKESH GURNANI	0.03%

VETO - VETO SWITCHGEARS AND CABLES LIMITED Share Price

What does VETO SWITCHGEARS AND CABLES LIMITED do?

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Sector Comparison: VETO vs Consumer Durables

Comparative Metrics

Performance Comparison

Income Statement for VETO SWITCHGEARS AND CABLES

Balance Sheet for VETO SWITCHGEARS AND CABLES

Revenue Breakdown

Valuation

Fundamentals

Profitability

Investor Care

Financial Health

Cash Flow for VETO SWITCHGEARS AND CABLES

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution