Veto Switchgears And Cables Ltd.

₹122.73

-5.4 (-4.2%)

VETO Share Price

Consumer Durables

As on October 23, 2026

SectorConsumer Durables

IndustryConsumer Durables

Basic IndustryConsumer Electronics

Market Cap₹ 233.39 Cr

P/E Ratio9.34

Dividend Yield0.08 %

Trendline Performance

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T&C*

Technicals

Indicators	Value	Signal
5-DMA	130.4	Bearish
10-DMA	131.6	Bearish
20-DMA	136.61	Bearish
50-DMA	131.49	Bearish
100-DMA	129.94	Bearish
200-DMA	117.14	Bullish

Historical Performance

1 Year

3.6%

3 Years

9.7%

5 Years

9.4%

10 Years

-21.6%

Shareholding Pattern

Values Analysis

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Profit & Loss

Below figures are in Rs. Crores

Particulars	Mar-2026	Mar-2025	Mar-2024	Mar-2023	Mar-2022
Net Sales	3,867	3,004	3,001	2,902	2,672
Total Expenditure	3,490	2,687	2,692	2,575	2,333
Other Income	19	25	47	53	31
Operating Profit	397	342	356	380	371
Interest	20	16	41	48	40
Depreciation	43	31	27	28	33
Profit Before Tax	334	295	288	304	298
Consolidated Net Profit	251	221	180	202	200
Adjusted EPS	13	12	9	11	10

Compounded Sales Growth

10 Years:17

5 Years:16.4

3 Years:5.9

TTM:5.2

Compounded Profit Growth

10 Years:13.9

5 Years:11.2

3 Years:4.4

TTM:2.6

Stock Price CAGR

10 Years:-2.8

5 Years:1.8

3 Years:3.1

TTM:-2.4

Return on Equity

10 Years:10

5 Years:10.5

3 Years:9.4

last year:13.1

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-2026	Mar-2025	Mar-2024	Mar-2023	Mar-2022
Share Capital	191	191	191	191	191
Total Reserves	2,706	2,473	2,271	2,138	1,935
Long-Term Borrowings	---	---	---	---	---
Total Non-Current Liabilities	12	19	28	137	87
Other Current Liabilities	473	358	176	66	46
Short Term Borrowings	180	193	94	322	420
Total Liabilities	3,925	3,536	3,021	3,179	3,057
Capital Work in Progress	131	115	94	65	26
Long Term Loans & Advances	74	65	19	23	20
Currents Investments	---	---	---	---	---
Short Term Loans and Advances	485	364	104	90	69
Total Current Assets	3,230	2,848	2,496	2,681	2,577
Total Assets	3,925	3,536	3,021	3,179	3,057
Adjusted Book Value	152	139	129	122	111

Positive

(80 to 100)

Neutral

(60 to 79)

Negative

(0 to 59)

The stock has a low PE of 9.34, which may indicate undervaluation or subdued growth expectations.
Over the last three years, the stock delivered a weak 3-year price CAGR of 2.8%, indicating poor shareholder returns.
The stock carries a beta of 1.1, indicating volatility broadly in line with the market.
In the last financial year, the company reported an EBITDA of ₹397 million, reflecting positive operating performance.
In the previous financial year, the company generated revenue of ₹3867 million, suggesting a mid-sized operation.

Investment Calculator

Investment Amount:₹

Investment Amount: ₹ 1000000

Current Value: ₹ 975828.9

No. of Shares: 7951 (Approx)

Performance:-2.4%

-24171.1

NIFTY Performance: -12.4%

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