VETO - VETO SWITCHGEARS AND CABLES LIMITED Share Price

Consumer Durables

Sharesguru Stock Score

VETO

74/100

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

₹122.61-0.90(-0.73%)

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

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Pros

Balance Sheet: Strong Balance Sheet.

Technicals: Bullish SharesGuru indicator.

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

Growth: Good revenue growth. With 31.5% growth over past three years, the company is going strong.

Cons

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

Past Returns: In past three years, the stock has provided 2.7% return compared to 7.1% by NIFTY 50.

Momentum: Stock is suffering a negative price momentum. Stock is down -14.6% in last 30 days.

Smart Money: Smart money is losing interest in the stock.

Valuation
Market Cap	234.37 Cr
Price/Earnings (Trailing)	9.42
Price/Sales (Trailing)	0.6
EV/EBITDA	6.4
Price/Free Cashflow	45.39
MarketCap/EBT	7.02
Enterprise Value	253.89 Cr

Fundamentals
Revenue (TTM)	388.66 Cr
Rev. Growth (Yr)	55%
Earnings (TTM)	24.58 Cr
Earnings Growth (Yr)	20%

Profitability
Operating Margin	9%
EBT Margin	9%
Return on Equity	8.47%
Return on Assets	6.18%
Free Cashflow Yield	2.2%

Growth & Returns
Price Change 1W	-2.4%
Price Change 1M	-14.6%
Price Change 6M	15.5%
Price Change 1Y	-1.3%
3Y Cumulative Return	2.7%
5Y Cumulative Return	-5.4%
7Y Cumulative Return	8.8%
10Y Cumulative Return	-0.90%

Cash Flow & Liquidity
Cash Flow from Investing (TTM)	-4.18 Cr
Cash Flow from Operations (TTM)	10.38 Cr
Cash Flow from Financing (TTM)	-5.34 Cr
Cash & Equivalents	1.91 Cr
Free Cash Flow (TTM)	5.16 Cr
Free Cash Flow/Share (TTM)	2.7

Balance Sheet
Total Assets	397.85 Cr
Total Liabilities	107.72 Cr
Shareholder Equity	290.12 Cr
Current Assets	323.02 Cr
Current Liabilities	101.19 Cr
Net PPE	36.17 Cr
Inventory	102.84 Cr
Goodwill	11 K

Capital Structure & Leverage
Debt Ratio	0.05
Debt/Equity	0.07
Interest Coverage	15.91
Interest/Cashflow Ops	6.26

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)	32.41
RSI (5d)	33.93
RSI (21d)	27.85
MACD Signal	Sell
Stochastic Oscillator Signal	Buy
SharesGuru Signal	Buy
RSI Signal	Hold
RSI5 Signal	Hold
RSI21 Signal	Buy
SMA 5 Signal	Buy
SMA 10 Signal	Sell
SMA 20 Signal	Sell
SMA 50 Signal	Sell
SMA 100 Signal	Sell

Description	Share	Value
Lighting and fittings	42.1%	58.4 Cr
Accessories and others	39.3%	54.6 Cr
Wires and cables	18.6%	25.9 Cr
Total		138.9 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	1.18%
KISHORE KUMAR GURNANI	0.29%
SITADEVI GURNANI	0.08%
NARAIN DAS GURNANI	0.07%
MUKESH GURNANI	0.03%
PRIYANKA GURNANI	0%

Description	(%) Q/Q	Mar-2026	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021
Revenue From Operations	29.1%	387	300	300	291	268	181
Other Income	-38.7%	1.95	2.55	4.73	4.4	3.14	1.49
Total Income	28.5%	389	303	305	296	271	183
Cost of Materials	20.5%	136	113	115	113	113	75
Purchases of stock-in-trade	52.4%	158	104	99	87	88	58
Employee Expense	27.8%	24	19	18	19	16	12
Finance costs	51.6%	1.97	1.64	4.14	4.78	3.95	1.86
Depreciation and Amortization	61.7%	4.33	3.06	2.73	2.82	3.33	2
Other expenses	33.3%	41	31	27	24	24	17
Total Expenses	30.1%	355	273	276	265	241	161
Profit Before exceptional items and Tax	10.3%	33	30	29	30	30	21
Total profit before tax	10.3%	33	30	29	30	30	21
Current tax	29.5%	9.79	7.79	11	9.13	9.65	6.59
Deferred tax	-86.9%	-1	-0.07	-0.19	0.83	-0.04	-0.04
Total tax	15.8%	8.78	7.72	11	9.96	9.61	6.55
Total profit (loss) for period	14.3%	25	22	18	20	20	15
Other comp. income net of taxes	0%	0.02	0.02	-1.55	1.91	0.73	0.09
Total Comprehensive Income	14.3%	25	22	17	22	21	15
Earnings Per Share, Basic	16.7%	13.15	11.41	9.45	10.7	10.56	7.76
Earnings Per Share, Diluted	16.7%	13.15	11.41	9.45	10.7	10.56	7.76

Description	(%) Q/Q	Mar-2026	Dec-2025	Sep-2025	Jun-2025	Mar-2025	Dec-2024
Revenue From Operations	48.4%	139	94	89	65	89	76
Other Income	-80%	0.19	0.55	0.85	0.35	0.52	1.45
Total Income	46.8%	139	95	90	65	90	77
Cost of Materials	166.7%	57	22	32	24	27	25
Purchases of stock-in-trade	12.5%	46	41	46	25	30	26
Employee Expense	18%	7.11	6.18	5.9	5.04	4.87	4.8
Finance costs	7.5%	0.51	0.47	0.37	0.63	0.71	0.5
Depreciation and Amortization	-30.8%	1.09	1.13	1.02	1.09	0.84	0.93
Other expenses	20%	13	11	9.39	7.9	8.5	8.23
Total Expenses	48.2%	127	86	82	60	80	72
Profit Before exceptional items and Tax	41.8%	12	8.76	7.83	4.93	9.81	5.22
Total profit before tax	41.8%	12	8.76	7.83	4.93	9.81	5.22
Current tax	33.3%	3.24	2.68	2.7	1.03	2.49	1.55
Deferred tax	0%	-0.19	-0.19	-0.94	0.46	-0.02	0.03
Total tax	38.5%	3.05	2.48	1.76	1.49	2.47	1.58
Total profit (loss) for period	48%	8.8	6.27	6.08	3.43	7.34	3.63
Other comp. income net of taxes	-	0.04	0	0.01	-0.02	0.06	0.02
Total Comprehensive Income	48.8%	8.84	6.27	6.09	3.41	7.4	3.66
Earnings Per Share, Basic	46.5%	4.59	3.45	3.18	1.8	3.84	1.9
Earnings Per Share, Diluted	46.5%	4.59	3.45	3.18	1.8	3.84	1.9

Description	(%) Q/Q	Mar-2026	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021
Revenue From Operations	14.4%	247	216	210	196	174	153
Other Income	14.8%	7.45	6.62	21	13	10	2.71
Total Income	14%	254	223	230	209	184	155
Cost of Materials	6.8%	79	74	84	75	69	62
Purchases of stock-in-trade	25.9%	103	82	75	68	56	48
Employee Expense	10%	12	11	11	11	11	11
Finance costs	87.5%	1.45	1.24	2.59	3.81	3.23	1.75
Depreciation and Amortization	65%	3.36	2.43	2.13	2.33	2.58	1.8
Other expenses	19%	26	22	20	18	18	15
Total Expenses	13.9%	222	195	190	178	153	133
Profit Before exceptional items and Tax	14.8%	32	28	40	31	31	22
Total profit before tax	14.8%	32	28	40	31	31	22
Current tax	31.2%	8.66	6.84	10	7.58	8.29	6.35
Deferred tax	-22.2%	-0.87	-0.53	-0.28	0.65	-0.15	-0.12
Total tax	27.9%	7.79	6.31	9.76	8.23	8.14	6.23
Total profit (loss) for period	9.5%	24	22	30	23	23	16
Other comp. income net of taxes	0%	0.02	0.02	0.05	0.05	0.08	0.14
Total Comprehensive Income	9.5%	24	22	31	23	23	16
Earnings Per Share, Basic	11.8%	12.47	11.26	15.94	11.95	11.83	8.48
Earnings Per Share, Diluted	11.8%	12.47	11.26	15.94	11.95	11.83	8.48

Description	(%) Q/Q	Mar-2026	Dec-2025	Sep-2025	Jun-2025	Mar-2025	Dec-2024
Revenue From Operations	7.2%	75	70	58	43	67	54
Other Income	-9.4%	1.77	1.85	2.25	1.58	1.67	2.35
Total Income	7%	77	72	60	45	69	56
Cost of Materials	10.5%	22	20	20	16	19	17
Purchases of stock-in-trade	25%	31	25	30	17	24	20
Employee Expense	4.8%	3.19	3.09	2.82	2.72	2.79	2.73
Finance costs	0%	0.35	0.35	0.28	0.46	0.6	0.33
Depreciation and Amortization	-33.3%	0.84	0.88	0.87	0.76	0.64	0.72
Other expenses	8.2%	7.61	7.11	6.11	5.41	7.8	5.43
Total Expenses	3.2%	66	64	53	40	59	51
Profit Before exceptional items and Tax	30.2%	11	8.68	7.33	4.91	9.74	5.14
Total profit before tax	30.2%	11	8.68	7.33	4.91	9.74	5.14
Current tax	37.1%	2.96	2.43	2.48	0.8	2.22	1.29
Deferred tax	-6%	-0.24	-0.17	-0.85	0.39	-0.43	0.01
Total tax	35.7%	2.71	2.26	1.63	1.19	1.79	1.3
Total profit (loss) for period	29.2%	8	6.42	5.69	3.72	7.95	3.84
Other comp. income net of taxes	-	0.04	0	0.01	-0.02	0.06	0.01
Total Comprehensive Income	29.9%	8.04	6.42	5.7	3.7	8.01	3.85
Earnings Per Share, Basic	-44.2%	4.19	6.72	2.98	1.95	4.16	2.01
Earnings Per Share, Diluted	-44.2%	4.19	6.72	2.98	1.95	4.16	2.01

Category	VETO	Consumer
PE	9.42	49.66
PS	0.60	2.19
Growth	28.3 %	8.4 %

Description	(%) Q/Q	Mar-2026	Sep-2025	Mar-2025	Sep-2024	Mar-2024	Sep-2023
Cash and cash equivalents	54.2%	1.91	1.59	1.05	1.8	7.54	28
Total current financial assets	11.8%	172	154	154	135	145	162
Inventories	-6.4%	103	110	95	107	94	113
Total current assets	16.7%	323	277	259	252	250	286
Property, plant and equipment	-5.4%	36	38	38	28	27	26
Capital work-in-progress	9.1%	13	12	11	17	9.44	7.93
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	2.8%	1.73	1.71	1.52	1.45	1.62	2.66
Total non-current assets	1.4%	75	74	73	64	57	54
Total assets	13.1%	398	352	332	316	306	340
Borrowings, non-current	-42.6%	2.05	2.83	2.52	2.15	2.1	10
Total non-current financial liabilities	15%	6.53	5.81	6.36	5.71	6.15	15
Provisions, non-current	-233.3%	0	0.7	0	2.78	2.56	2.37
Total non-current liabilities	0.2%	6.53	6.52	6.36	8.49	8.94	17
Borrowings, current	50%	19	13	20	8.81	20	37
Total current financial liabilities	-9.8%	56	62	54	48	47	70
Provisions, current	8%	0.31	0.25	0.2	0.14	0.17	0.15
Current tax liabilities	-410.5%	0.41	1.19	0.58	0.13	0.62	-0.4
Total current liabilities	49.3%	101	68	58	50	50	78
Total liabilities	44.6%	108	75	65	58	59	95
Equity share capital	0%	19	19	19	19	19	19
Non controlling interest	-107.4%	0.44	0.73	0.98	1.06	1	0.96
Total equity	4.7%	290	277	267	258	247	245
Total equity and liabilities	13.1%	398	352	332	316	306	340

Description	(%) Q/Q	Mar-2026	Sep-2025	Mar-2025	Sep-2024	Mar-2024	Sep-2023
Cash and cash equivalents	-91.4%	0.33	0.65	0.3	0.63	7.07	11
Total current financial assets	18.7%	109	92	104	89	104	93
Inventories	-13.9%	69	80	70	78	70	78
Current tax assets	-	-	0	5.64	0	0	0.4
Total current assets	23.2%	219	178	180	173	179	179
Property, plant and equipment	-5.9%	17	18	18	11	11	9.68
Capital work-in-progress	-	0	0	0	6.4	0	0
Investment property	0%	13	13	13	13	13	13
Non-current investments	0%	27	27	27	27	27	39
Loans, non-current	2.7%	77	75	56	49	36	27
Total non-current financial assets	1.9%	106	104	84	77	64	68
Total non-current assets	0%	141	141	121	113	94	95
Total assets	13.2%	361	319	301	286	274	275
Borrowings, non-current	-54.2%	1.65	2.42	2.16	1.88	2.03	10
Total non-current financial liabilities	1.4%	5.46	5.4	6.01	5.42	6.26	15
Provisions, non-current	-244.8%	0	0.71	0	0.53	0.53	0.41
Total non-current liabilities	-12.9%	5.46	6.12	6.01	5.94	6.79	15
Borrowings, current	-18.2%	10	12	14	7.3	11	18
Total current financial liabilities	-19.5%	34	42	32	30	24	38
Provisions, current	0%	0.24	0.24	0.2	0.14	0.17	0.15
Current tax liabilities	-557.1%	0.36	1.14	0.44	0.13	0.62	0
Total current liabilities	69.8%	74	44	36	32	28	40
Total liabilities	58%	80	51	42	38	34	55
Equity share capital	0%	19	19	19	19	19	19
Total equity	4.9%	281	268	259	249	239	220
Total equity and liabilities	13.2%	361	319	301	286	274	275

Description	(%) Q/Q	Mar-2026	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021
Finance costs	51.6%	1.97	1.64	4.14	4.78	3.95	-
Change in inventories	-507.4%	-7.99	-0.48	11	17	-10.14	-
Depreciation	61.7%	4.33	3.06	2.73	2.82	3.33	-
Impairment loss / reversal	2.9%	0	-0.03	0	0.07	0.1	-
Dividend income	-1566.7%	0	0.94	0	0	0	-
Adjustments for interest income	-3.5%	0.12	0.15	-0.62	0.03	0.03	-
Net Cashflows from Operations	-8.7%	22	24	39	31	1.05	-
Income taxes paid (refund)	-	11	0	12	12	8.48	-
Other inflows (outflows) of cash	90.1%	0	-9.07	0	-0.9	-1	-
Net Cashflows From Operating Activities	-35.7%	10	15	27	18	-8.43	-
Proceeds from sales of PPE	-	0.74	0	0	0	0.15	-
Purchase of property, plant and equipment	-77.8%	5.22	20	6.3	5.08	1.27	-
Dividends received	-1566.7%	0	0.94	0	0	0	-
Interest received	-	0	0	0	0.03	0.03	-
Other inflows (outflows) of cash	-2.9%	0.3	0.32	0.63	0.91	0.9	-
Net Cashflows From Investing Activities	73.4%	-4.18	-18.49	-5.67	-4.15	-0.19	-
Proceeds from borrowings	-	-1.34	0	0	7.31	11	-
Repayments of borrowings	40.8%	0	-0.69	0	0.41	0	-
Payments of lease liabilities	-22.4%	0.18	0.33	0	0.47	0	-
Dividends paid	0%	1.91	1.91	0	1.91	1.91	-
Interest paid	100%	1.9	1.45	0	4.73	3.95	-
Other inflows (outflows) of cash	-	0	0	-27.31	-9.68	0	-
Net Cashflows from Financing Activities	-58.5%	-5.34	-3	-27.31	-9.89	4.82	-
Effect of exchange rate on cash eq.	-	0	0	0	1.86	0.66	-
Net change in cash and cash eq.	98.1%	0.86	-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