VETO - VETO SWITCHGEARS AND CABLES LIMITED Share Price

Consumer Durables

Sharesguru Stock Score

VETO

76/100

High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years

₹101.55+1.31(+1.31%)

Market Closed as of Apr 13, 2026, 15:30 IST

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Pros

Technicals: Bullish SharesGuru indicator.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Balance Sheet: Strong Balance Sheet.

Cons

Size: It is a small market cap company and can be volatile.

Past Returns: In past three years, the stock has provided 5.1% return compared to 9.3% by NIFTY 50.

Valuation
Market Cap	189.03 Cr
Price/Earnings (Trailing)	8.06
Price/Sales (Trailing)	0.56
EV/EBITDA	5.41
Price/Free Cashflow	-46.41
MarketCap/EBT	6.03
Enterprise Value	203.45 Cr

Fundamentals
Revenue (TTM)	339.32 Cr
Rev. Growth (Yr)	22.8%
Earnings (TTM)	23.12 Cr
Earnings Growth (Yr)	72.6%

Profitability
Operating Margin	9%
EBT Margin	9%
Return on Equity	8.35%
Return on Assets	6.57%
Free Cashflow Yield	-2.15%

Growth & Returns
Price Change 1W	3.1%
Price Change 1M	-1.2%
Price Change 6M	-16%
Price Change 1Y	-7.4%
3Y Cumulative Return	5.1%
5Y Cumulative Return	-7.2%
7Y Cumulative Return	5.4%
10Y Cumulative Return	0.60%

Cash Flow & Liquidity
Cash Flow from Investing (TTM)	-18.49 Cr
Cash Flow from Operations (TTM)	14.99 Cr
Cash Flow from Financing (TTM)	-3 Cr
Cash & Equivalents	1.59 Cr
Free Cash Flow (TTM)	-4.76 Cr
Free Cash Flow/Share (TTM)	-2.49

Balance Sheet
Total Assets	351.68 Cr
Total Liabilities	74.75 Cr
Shareholder Equity	276.93 Cr
Current Assets	277.3 Cr
Current Liabilities	68.23 Cr
Net PPE	37.52 Cr
Inventory	110.19 Cr
Goodwill	11 K

Capital Structure & Leverage
Debt Ratio	0.05
Debt/Equity	0.06
Interest Coverage	13.38
Interest/Cashflow Ops	8.97

Dividend & Shareholder Returns
Dividend/Share (TTM)	1
Dividend Yield	1.01%
Shares Dilution (1Y)	0.00%
Shares Dilution (3Y)	0.00%

Technical Indicators
RSI (14d)	54.38
RSI (5d)	100
RSI (21d)	49.86
MACD Signal	Buy
Stochastic Oscillator Signal	Hold
SharesGuru Signal	Buy
RSI Signal	Hold
RSI5 Signal	Sell
RSI21 Signal	Hold
SMA 5 Signal	Buy
SMA 10 Signal	Buy
SMA 20 Signal	Buy
SMA 50 Signal	Buy
SMA 100 Signal	Buy

Description	Share	Value
Lightings & Fittings	39.2%	36.9 Cr
Accessories & Others	32.0%	30.1 Cr
Wire & Cables	28.8%	27.2 Cr
Total		94.2 Cr

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%
DHEERAJ KUMAR LOHIA	1.43%
ROHIT GURNANI	1.22%
MAHENDRA GIRDHARILAL WADHWANI	1.08%
KISHORE KUMAR GURNANI	0.29%
SITADEVI GURNANI	0.08%
NARAIN DAS GURNANI	0.07%
MUKESH GURNANI	0.03%
PRIYANKA KISHORE GURNANI	0%

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	0%	300	300	291	268	181	150
Other Income	-58.4%	2.55	4.73	4.4	3.14	1.49	0.68
Total Income	-0.7%	303	305	296	271	183	151
Cost of Materials	-1.8%	113	115	113	113	75	50
Purchases of stock-in-trade	5.1%	104	99	87	88	58	48
Employee Expense	5.9%	19	18	19	16	12	11
Finance costs	-79.6%	1.64	4.14	4.78	3.95	1.86	3.73
Depreciation and Amortization	19.1%	3.06	2.73	2.82	3.33	2	1.9
Other expenses	15.4%	31	27	24	24	17	16
Total Expenses	-1.1%	273	276	265	241	161	137
Profit Before exceptional items and Tax	3.6%	30	29	30	30	21	14
Total profit before tax	3.6%	30	29	30	30	21	14
Current tax	-32.1%	7.79	11	9.13	9.65	6.59	4.84
Deferred tax	10.1%	-0.07	-0.19	0.83	-0.04	-0.04	-0.2
Total tax	-32.8%	7.72	11	9.96	9.61	6.55	4.64
Total profit (loss) for period	23.5%	22	18	20	20	15	9.28
Other comp. income net of taxes	61.6%	0.02	-1.55	1.91	0.73	0.09	1.18
Total Comprehensive Income	31.2%	22	17	22	21	15	10
Earnings Per Share, Basic	23.2%	11.41	9.45	10.7	10.56	7.76	4.88
Earnings Per Share, Diluted	23.2%	11.41	9.45	10.7	10.56	7.76	4.88

Description	(%) Q/Q	Dec-2025	Sep-2025	Jun-2025	Mar-2025	Dec-2024	Sep-2024
Revenue From Operations	5.7%	94	89	65	89	76	74
Other Income	-200%	0.55	0.85	0.35	0.52	1.45	0.15
Total Income	5.6%	95	90	65	90	77	74
Cost of Materials	-32.3%	22	32	24	27	25	32
Purchases of stock-in-trade	-11.1%	41	46	25	30	26	26
Employee Expense	5.7%	6.18	5.9	5.04	4.87	4.8	4.66
Finance costs	15.9%	0.47	0.37	0.63	0.71	0.5	0.04
Depreciation and Amortization	550%	1.13	1.02	1.09	0.84	0.93	0.66
Other expenses	19.2%	11	9.39	7.9	8.5	8.23	7.92
Total Expenses	4.9%	86	82	60	80	72	66
Profit Before exceptional items and Tax	13.6%	8.76	7.83	4.93	9.81	5.22	8.01
Total profit before tax	13.6%	8.76	7.83	4.93	9.81	5.22	8.01
Current tax	-1.2%	2.68	2.7	1.03	2.49	1.55	2.04
Deferred tax	38.7%	-0.19	-0.94	0.46	-0.02	0.03	0.42
Total tax	94.7%	2.48	1.76	1.49	2.47	1.58	2.46
Total profit (loss) for period	3.7%	6.27	6.08	3.43	7.34	3.63	5.97
Other comp. income net of taxes	-1%	0	0.01	-0.02	0.06	0.02	0.01
Total Comprehensive Income	3.5%	6.27	6.09	3.41	7.4	3.66	5.98
Earnings Per Share, Basic	12.4%	3.45	3.18	1.8	3.84	1.9	3.12
Earnings Per Share, Diluted	12.4%	3.45	3.18	1.8	3.84	1.9	3.12

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	2.9%	216	210	196	174	153	121
Other Income	-71.9%	6.62	21	13	10	2.71	5.65
Total Income	-3.1%	223	230	209	184	155	126
Cost of Materials	-12%	74	84	75	69	62	44
Purchases of stock-in-trade	9.5%	82	75	68	56	48	39
Employee Expense	0%	11	11	11	11	11	10
Finance costs	-84.9%	1.24	2.59	3.81	3.23	1.75	3.72
Depreciation and Amortization	26.5%	2.43	2.13	2.33	2.58	1.8	1.75
Other expenses	10.5%	22	20	18	18	15	13
Total Expenses	2.6%	195	190	178	153	133	111
Profit Before exceptional items and Tax	-30.8%	28	40	31	31	22	16
Total profit before tax	-30.8%	28	40	31	31	22	16
Current tax	-35.1%	6.84	10	7.58	8.29	6.35	4.84
Deferred tax	-19.5%	-0.53	-0.28	0.65	-0.15	-0.12	-0.19
Total tax	-39.4%	6.31	9.76	8.23	8.14	6.23	4.65
Total profit (loss) for period	-27.6%	22	30	23	23	16	11
Other comp. income net of taxes	-3.2%	0.02	0.05	0.05	0.08	0.14	0.07
Total Comprehensive Income	-30%	22	31	23	23	16	11
Earnings Per Share, Basic	-31.3%	11.26	15.94	11.95	11.83	8.48	5.82
Earnings Per Share, Diluted	-31.3%	11.26	15.94	11.95	11.83	8.48	5.82

Description	(%) Q/Q	Dec-2025	Sep-2025	Jun-2025	Mar-2025	Dec-2024	Sep-2024
Revenue From Operations	21.1%	70	58	43	67	54	53
Other Income	-32%	1.85	2.25	1.58	1.67	2.35	1.35
Total Income	20.3%	72	60	45	69	56	54
Cost of Materials	0%	20	20	16	19	17	22
Purchases of stock-in-trade	-17.2%	25	30	17	24	20	21
Employee Expense	14.8%	3.09	2.82	2.72	2.79	2.73	2.82
Finance costs	9.7%	0.35	0.28	0.46	0.6	0.33	0.06
Depreciation and Amortization	7.7%	0.88	0.87	0.76	0.64	0.72	0.55
Other expenses	19.6%	7.11	6.11	5.41	7.8	5.43	4.53
Total Expenses	21.2%	64	53	40	59	51	47
Profit Before exceptional items and Tax	21.3%	8.68	7.33	4.91	9.74	5.14	7.24
Total profit before tax	21.3%	8.68	7.33	4.91	9.74	5.14	7.24
Current tax	-3.4%	2.43	2.48	0.8	2.22	1.29	1.81
Deferred tax	36.8%	-0.17	-0.85	0.39	-0.43	0.01	0
Total tax	100%	2.26	1.63	1.19	1.79	1.3	1.82
Total profit (loss) for period	15.6%	6.42	5.69	3.72	7.95	3.84	5.42
Other comp. income net of taxes	-1%	0	0.01	-0.02	0.06	0.01	0.01
Total Comprehensive Income	15.3%	6.42	5.7	3.7	8.01	3.85	5.44
Earnings Per Share, Basic	188.9%	6.72	2.98	1.95	4.16	2.01	2.84
Earnings Per Share, Diluted	188.9%	6.72	2.98	1.95	4.16	2.01	2.84

Category	VETO	Consumer
PE	8.22	44.06
PS	0.57	1.99
Growth	14.5 %	17 %

Description	(%) Q/Q	Sep-2025	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023
Cash and cash equivalents	1080%	1.59	1.05	1.8	7.54	28	15
Total current financial assets	0%	154	154	135	145	162	154
Inventories	16%	110	95	107	94	113	105
Total current assets	7%	277	259	252	250	286	268
Property, plant and equipment	0%	38	38	28	27	26	27
Capital work-in-progress	10%	12	11	17	9.44	7.93	6.52
Investment property	0%	13	13	13	13	13	13
Non-current investments	0%	0.01	0.01	0.01	0.01	0.01	0.01
Total non-current financial assets	36.5%	1.71	1.52	1.45	1.62	2.66	2.7
Total non-current assets	1.4%	74	73	64	57	54	53
Total assets	6%	352	332	316	306	340	321
Borrowings, non-current	20.4%	2.83	2.52	2.15	2.1	10	10
Total non-current financial liabilities	-10.3%	5.81	6.36	5.71	6.15	15	15
Provisions, non-current	-	0.7	0	2.78	2.56	2.37	2.05
Total non-current liabilities	3%	6.52	6.36	8.49	8.94	17	17
Borrowings, current	-36.8%	13	20	8.81	20	37	32
Total current financial liabilities	15.1%	62	54	48	47	70	62
Provisions, current	6.2%	0.25	0.2	0.14	0.17	0.15	0.16
Current tax liabilities	145.2%	1.19	0.58	0.13	0.62	-0.4	1.36
Total current liabilities	17.5%	68	58	50	50	78	70
Total liabilities	15.6%	75	65	58	59	95	87
Equity share capital	0%	19	19	19	19	19	19
Non controlling interest	-1250%	0.73	0.98	1.06	1	0.96	0.89
Total equity	3.8%	277	267	258	247	245	234
Total equity and liabilities	6%	352	332	316	306	340	321

Description	(%) Q/Q	Sep-2025	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023
Cash and cash equivalents	50%	0.65	0.3	0.63	7.07	11	3.82
Total current financial assets	-11.7%	92	104	89	104	93	92
Inventories	14.5%	80	70	78	70	78	67
Current tax assets	-121.6%	0	5.64	0	0	0.4	0
Total current assets	-1.1%	178	180	173	179	179	166
Property, plant and equipment	0%	18	18	11	11	9.68	10
Capital work-in-progress	-	0	0	6.4	0	0	0
Investment property	0%	13	13	13	13	13	13
Non-current investments	0%	27	27	27	27	39	39
Loans, non-current	34.5%	75	56	49	36	27	26
Total non-current financial assets	24.1%	104	84	77	64	68	68
Total non-current assets	16.7%	141	121	113	94	95	96
Total assets	6%	319	301	286	274	275	262
Borrowings, non-current	22.4%	2.42	2.16	1.88	2.03	10	10
Total non-current financial liabilities	-12.2%	5.4	6.01	5.42	6.26	15	15
Provisions, non-current	-	0.71	0	0.53	0.53	0.41	0.41
Total non-current liabilities	2.2%	6.12	6.01	5.94	6.79	15	15
Borrowings, current	-15.4%	12	14	7.3	11	18	17
Total current financial liabilities	32.3%	42	32	30	24	38	33
Provisions, current	5%	0.24	0.2	0.14	0.17	0.15	0.16
Current tax liabilities	125%	1.14	0.44	0.13	0.62	0	1.23
Total current liabilities	22.9%	44	36	32	28	40	36
Total liabilities	22%	51	42	38	34	55	51
Equity share capital	0%	19	19	19	19	19	19
Total equity	3.5%	268	259	249	239	220	211
Total equity and liabilities	6%	319	301	286	274	275	262

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Finance costs	-79.6%	1.64	4.14	4.78	3.95	-	-
Change in inventories	-114.8%	-0.48	11	17	-10.14	-	-
Depreciation	19.1%	3.06	2.73	2.82	3.33	-	-
Impairment loss / reversal	-	-0.03	0	0.07	0.1	-	-
Dividend income	-	0.94	0	0	0	-	-
Adjustments for interest income	47.5%	0.15	-0.62	0.03	0.03	-	-
Net Cashflows from Operations	-39.5%	24	39	31	1.05	-	-
Income taxes paid (refund)	-109.1%	0	12	12	8.48	-	-
Other inflows (outflows) of cash	-	-9.07	0	-0.9	-1	-	-
Net Cashflows From Operating Activities	-46.2%	15	27	18	-8.43	-	-
Proceeds from sales of PPE	-	0	0	0	0.15	-	-
Purchase of property, plant and equipment	258.5%	20	6.3	5.08	1.27	-	-
Dividends received	-	0.94	0	0	0	-	-
Interest received	-	0	0	0.03	0.03	-	-
Other inflows (outflows) of cash	-83.8%	0.32	0.63	0.91	0.9	-	-
Net Cashflows From Investing Activities	-192.2%	-18.49	-5.67	-4.15	-0.19	-	-
Proceeds from borrowings	-	0	0	7.31	11	-	-
Repayments of borrowings	-	-0.69	0	0.41	0	-	-
Payments of lease liabilities	-	0.33	0	0.47	0	-	-
Dividends paid	-	1.91	0	1.91	1.91	-	-
Interest paid	-	1.45	0	4.73	3.95	-	-
Other inflows (outflows) of cash	96.5%	0	-27.31	-9.68	0	-	-
Net Cashflows from Financing Activities	85.9%	-3	-27.31	-9.89	4.82	-	-
Effect of exchange rate on cash eq.	-	0	0	1.86	0.66	-	-
Net change in cash and cash eq.	-6.5%	-6.5	-6.04	5.8	-3.14	-	-

VETO - VETO SWITCHGEARS AND CABLES LIMITED Share Price

VETO

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

VETO

VETO - VETO SWITCHGEARS AND CABLES LIMITED Share Price

VETO

Valuation

Fundamentals

Profitability

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Growth & Returns

Cash Flow & Liquidity

Balance Sheet

Capital Structure & Leverage

Dividend & Shareholder Returns

VETO

Investor Care

Financial Health

Technical Indicators

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

What does VETO SWITCHGEARS AND CABLES LIMITED do?

Important Disclosure & Data Context

Valuation

Fundamentals

Profitability

Growth & Returns

Cash Flow & Liquidity

Balance Sheet

Capital Structure & Leverage

Dividend & Shareholder Returns

Investor Care

Financial Health

Technical Indicators

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

What does VETO SWITCHGEARS AND CABLES LIMITED do?

Important Disclosure & Data Context