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SummaryLatest NewsSector ComparisonEarnings ReportRevenue & GrowthPeersIncome StatementBalance SheetCash Flow
VETO logo

VETO - VETO SWITCHGEARS AND CABLES LIMITED Share Price

Consumer Durables

₹102.51-0.07(-0.07%)
Market Closed as of Feb 5, 2026, 15:30 IST

Valuation

Market Cap195.95 Cr
Price/Earnings (Trailing)9.56
Price/Sales (Trailing)0.61
EV/EBITDA6.21
Price/Free Cashflow-46.41
MarketCap/EBT7.05
Enterprise Value210.37 Cr

Fundamentals

Growth & Returns

Price Change 1W1.1%
Price Change 1M-9.4%
Price Change 6M-16.8%
Price Change 1Y-16.3%
3Y Cumulative Return0.50%
5Y Cumulative Return0.80%
7Y Cumulative Return9.1%
10Y Cumulative Return-0.50%
Revenue (TTM)
321.71 Cr
Rev. Growth (Yr)20.4%
Earnings (TTM)20.48 Cr
Earnings Growth (Yr)1.8%

Profitability

Operating Margin9%
EBT Margin9%
Return on Equity7.39%
Return on Assets5.82%
Free Cashflow Yield-2.15%

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 & Equivalents1.59 Cr
Free Cash Flow (TTM)-4.76 Cr
Free Cash Flow/Share (TTM)-2.49

Balance Sheet

Total Assets351.68 Cr
Total Liabilities74.75 Cr
Shareholder Equity276.93 Cr
Current Assets277.3 Cr
Current Liabilities68.23 Cr
Net PPE37.52 Cr
Inventory110.19 Cr
Goodwill11 K

Capital Structure & Leverage

Debt Ratio0.05
Debt/Equity0.06
Interest Coverage11.58
Interest/Cashflow Ops8.97

Dividend & Shareholder Returns

Dividend/Share (TTM)1
Dividend Yield0.98%
Shares Dilution (1Y)0.00%
Shares Dilution (3Y)0.00%
Pros

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

Balance Sheet: Strong Balance Sheet.

Technicals: Bullish SharesGuru indicator.

Cons

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

Momentum: Stock has a weak negative price momentum.

Past Returns: Underperforming stock! In past three years, the stock has provided 0.5% return compared to 12.8% by NIFTY 50.

Price to Sales Ratio

Latest reported: 0.6

Revenue (Last 12 mths)

Latest reported: 321.7 Cr

Net Income (Last 12 mths)

Latest reported: 20.5 Cr
Pros

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

Balance Sheet: Strong Balance Sheet.

Technicals: Bullish SharesGuru indicator.

Cons

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

Momentum: Stock has a weak negative price momentum.

Past Returns: Underperforming stock! In past three years, the stock has provided 0.5% return compared to 12.8% by NIFTY 50.

Investor Care

Dividend Yield0.98%
Dividend/Share (TTM)1
Shares Dilution (1Y)0.00%
Earnings/Share (TTM)10.72

Financial Health

Current Ratio4.06
Debt/Equity0.06

Technical Indicators

RSI (14d)42.47
RSI (5d)64.43
RSI (21d)31.21
MACD SignalBuy
Stochastic Oscillator SignalHold
SharesGuru SignalBuy
RSI SignalHold
RSI5 SignalHold
RSI21 SignalHold
SMA 5 SignalBuy
SMA 10 Signal

Summary of Latest Earnings Report from VETO SWITCHGEARS AND CABLES

Summary of VETO SWITCHGEARS AND CABLES's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Share Holdings

Understand VETO SWITCHGEARS AND CABLES ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Share Holding Details

Shareholder NameHolding %
VETO ELECTROPOWERS (INDIA) PRIVATE LIMITED32.28%
HARISH KUMAR GURNANI3.84%
AKSHAY KUMAR GURNANI3.6%
KANISHK KISHORE GURNANI2.16%
PUSHPA DEVI GURNANI1.49%
DHEERAJ KUMAR LOHIA1.43%
ROHIT GURNANI1.22%

Is VETO SWITCHGEARS AND CABLES Better than it's peers?

Detailed comparison of VETO SWITCHGEARS AND CABLES against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.

Ticker
Name
Mkt Cap
Revenue
Price %, 1M
Returns, 1Y
P/E
P/S
Rev 1-Yr
Inc 1-Yr
---------

Sector Comparison: VETO vs Consumer Durables

Comprehensive comparison against sector averages

Comparative Metrics

VETO metrics compared to Consumer

CategoryVETOConsumer
PE 9.5747.74
PS0.612.17
Growth6.7 %31.1 %
0% metrics above sector average
Key Insights
  • 1. VETO is among the Top 10 Consumer Electronics companies but not in Top 5.
  • 2. The company holds a market share of 0.4% in Consumer Electronics.
  • 3. In last one year, the company has had a below average growth that other Consumer Electronics companies.

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

Important Disclosure & Data Context

This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.

The Good, Bad and Ugly
Growth
Measures how quickly a company is expanding through metrics like revenue growth, earnings growth, and cash flow growth over time. Strong growth can indicate future potential.
Profitability
Shows how efficiently a company turns business activities into profit, using metrics like profit margins, return on equity (ROE), and return on assets (ROA).
Buy
SMA 20 SignalSell
SMA 50 SignalSell
SMA 100 SignalSell
Size
Indicates the company's market presence through metrics like market capitalization, total assets, and revenue. Size can influence stability and market influence.
Dilution Rank
Tracks how much the company's shares have increased or decreased over time. Lower dilution means existing shareholders maintain stronger ownership stakes.
Balance Sheet
Evaluates the company's financial health by analyzing assets, debts, and equity. A strong balance sheet indicates financial stability and flexibility.
Momentum
Measures the strength and speed of price movements, showing whether the stock is gaining or losing market favor over different time periods.
Technicals
Analyzes price patterns, trading volumes, and other market indicators to identify potential trading opportunities and market trends.
Smart Money
Tracks the investment activities of institutional investors, hedge funds, and other large financial players who often have deep research capabilities.
Insider Trading
Monitors buying and selling of company shares by executives, directors, and other insiders who may have unique insights into the company's prospects.

Performance Comparison

VETO vs Consumer (2021 - 2026)

VETO outperforms the broader Consumer sector, although its performance has declined by 4.5% from the previous year.

Sharesguru Stock Score

VETO

74/100
Sharesguru Stock Score

VETO

74/100
MAHENDRA GIRDHARILAL WADHWANI1.08%
KISHORE KUMAR GURNANI0.29%
SITADEVI GURNANI0.08%
NARAIN DAS GURNANI0.07%
MUKESH GURNANI0.03%
PRIYANKA KISHORE GURNANI0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Income Statement for VETO SWITCHGEARS AND CABLES

Consolidated figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Revenue From Operations0%300300291268181150
Other Income-58.4%2.554.734.43.141.490.68
Total Income-0.7%303305296271183151
Cost of Materials-1.8%1131151131137550
Purchases of stock-in-trade5.1%1049987885848
Employee Expense5.9%191819161211
Finance costs-79.6%1.644.144.783.951.863.73
Depreciation and Amortization19.1%3.062.732.823.3321.9
Other expenses15.4%312724241716
Total Expenses-1.1%273276265241161137
Profit Before exceptional items and Tax3.6%302930302114
Total profit before tax3.6%302930302114
Current tax-32.1%7.79119.139.656.594.84
Deferred tax10.1%-0.07-0.190.83-0.04-0.04-0.2
Total tax-32.8%7.72119.969.616.554.64
Total profit (loss) for period23.5%22182020159.28
Other comp. income net of taxes61.6%0.02-1.551.910.730.091.18
Total Comprehensive Income31.2%221722211510
Earnings Per Share, Basic23.2%11.419.4510.710.567.764.88
Earnings Per Share, Diluted23.2%11.419.4510.710.567.764.88
Description(%) Q/QSep-2025Jun-2025Mar-2025Dec-2024Sep-2024Jun-2024
Revenue From Operations37.5%896589767461
Other Income76.9%0.850.350.521.450.150.42
Total Income39.1%906590777462
Cost of Materials34.8%322427253228
Purchases of stock-in-trade87.5%462530262623
Employee Expense21.3%5.95.044.874.84.664.53
Finance costs-70.3%0.370.630.710.50.040.39
Depreciation and Amortization-77.8%1.021.090.840.930.660.63
Other expenses21.6%9.397.98.58.237.926.09
Total Expenses
Standalone figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Revenue From Operations2.9%216210196174153121
Other Income-71.9%6.622113102.715.65
Total Income-3.1%223230209184155126
Cost of Materials-12%748475696244
Purchases of stock-in-trade9.5%827568564839
Employee Expense0%

Balance Sheet for VETO SWITCHGEARS AND CABLES

Consolidated figures (in Rs. Crores) /
Description(%) Q/QSep-2025Mar-2025Sep-2024Mar-2024Sep-2023Mar-2023
Cash and cash equivalents1080%1.591.051.87.542815
Total current financial assets0%154154135145162154
Inventories16%1109510794113105
Total current assets7%277259252250286268
Property, plant and equipment0%383828272627
Capital work-in-progress10%1211179.447.936.52
Investment property0%131313131313
Non-current investments0%0.010.010.010.010.010.01
Total non-current financial assets36.5%1.711.521.451.622.662.7
Total non-current assets1.4%747364575453
Total assets6%352332316306340321
Borrowings, non-current20.4%2.832.522.152.11010
Total non-current financial liabilities-10.3%5.816.365.716.151515
Provisions, non-current-0.702.782.562.372.05
Total non-current liabilities3%6.526.368.498.941717
Borrowings, current-36.8%13208.81203732
Total current financial liabilities15.1%625448477062
Provisions, current6.2%0.250.20.140.170.150.16
Current tax liabilities145.2%1.190.580.130.62-0.41.36
Total current liabilities17.5%685850507870
Total liabilities15.6%756558599587
Equity share capital0%191919191919
Non controlling interest-1250%0.730.981.0610.960.89
Total equity3.8%277267258247245234
Total equity and liabilities6%352332316306340321
Standalone figures (in Rs. Crores) /
Description(%) Q/QSep-2025Mar-2025Sep-2024Mar-2024Sep-2023Mar-2023
Cash and cash equivalents50%0.650.30.637.07113.82
Total current financial assets-11.7%92104891049392
Inventories14.5%807078707867
Current tax assets-121.6%05.64000.40
Total current assets-1.1%178180173179179166
Property, plant and equipment0%181811119.6810
Capital work-in-progress-006.4000
Investment property0%

Cash Flow for VETO SWITCHGEARS AND CABLES

Consolidated figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Finance costs-79.6%1.644.144.783.95--
Change in inventories-114.8%-0.481117-10.14--
Depreciation19.1%3.062.732.823.33--
Impairment loss / reversal--0.0300.070.1--
Dividend income-0.94000--
Adjustments for interest income47.5%0.15-0.620.030.03--
Net Cashflows from Operations-39.5%2439311.05--
Income taxes paid (refund)-109.1%012128.48--
Other inflows (outflows) of cash--9.070-0.9-1--
Net Cashflows From Operating Activities-46.2%152718-8.43--
Proceeds from sales of PPE-0000.15--
Purchase of property, plant and equipment258.5%206.35.081.27--
Dividends received-0.94000--
Interest received-000.030.03--
Other inflows (outflows) of cash-83.8%0.320.630.910.9--
Net Cashflows From Investing Activities-192.2%-18.49-5.67-4.15-0.19--
Proceeds from borrowings-007.3111--
Repayments of borrowings--0.6900.410--
Payments of lease liabilities-0.3300.470--
Dividends paid-1.9101.911.91--
Interest paid-1.4504.733.95--
Other inflows (outflows) of cash96.5%0-27.31-9.680--
Net Cashflows from Financing Activities85.9%-3-27.31-9.894.82--
Effect of exchange rate on cash eq.-001.860.66--
Net change in cash and cash eq.-6.5%-6.5-6.045.8-3.14--
Standalone figures (in Rs. Crores) /
Description(%) Q/QMar-2025Mar-2024Mar-2023Mar-2022Mar-2021Mar-2020
Finance costs-84.9%1.242.593.813.23--
Change in inventories59.2%-0.38-2.382.21-4.56--
Depreciation26.5%2.432.132.332.58--
Impairment loss / reversal--0.0200.070.1--
Dividend income-0.94000--
Adjustments for interest income71.6%4.332.943.112.01--
Net Cashflows from Operations-54.2%23492416--
Interest received

37.3%
82
60
80
72
66
55
Profit Before exceptional items and Tax73.8%7.834.939.815.228.016.5
Total profit before tax73.8%7.834.939.815.228.016.5
Current tax5566.7%2.71.032.491.552.041.72
Deferred tax-259.3%-0.940.46-0.020.030.42-0.09
Total tax55.1%1.761.492.471.582.461.62
Total profit (loss) for period109.1%6.083.437.343.635.974.88
Other comp. income net of taxes2.9%0.01-0.020.060.020.010.01
Total Comprehensive Income111.2%6.093.417.43.665.984.89
Earnings Per Share, Basic172.5%3.181.83.841.93.122.55
Earnings Per Share, Diluted172.5%3.181.83.841.93.122.55
11
11
11
11
11
10
Finance costs-84.9%1.242.593.813.231.753.72
Depreciation and Amortization26.5%2.432.132.332.581.81.75
Other expenses10.5%222018181513
Total Expenses2.6%195190178153133111
Profit Before exceptional items and Tax-30.8%284031312216
Total profit before tax-30.8%284031312216
Current tax-35.1%6.84107.588.296.354.84
Deferred tax-19.5%-0.53-0.280.65-0.15-0.12-0.19
Total tax-39.4%6.319.768.238.146.234.65
Total profit (loss) for period-27.6%223023231611
Other comp. income net of taxes-3.2%0.020.050.050.080.140.07
Total Comprehensive Income-30%223123231611
Earnings Per Share, Basic-31.3%11.2615.9411.9511.838.485.82
Earnings Per Share, Diluted-31.3%11.2615.9411.9511.838.485.82
Description(%) Q/QSep-2025Jun-2025Mar-2025Dec-2024Sep-2024Jun-2024
Revenue From Operations35.7%584367545342
Other Income115.5%2.251.581.672.351.351.25
Total Income34.1%604569565443
Cost of Materials26.7%201619172216
Purchases of stock-in-trade81.2%301724202118
Employee Expense5.8%2.822.722.792.732.822.69
Finance costs-33.3%0.280.460.60.330.060.26
Depreciation and Amortization45.8%0.870.760.640.720.550.52
Other expenses15.9%6.115.417.85.434.534.05
Total Expenses33.3%534059514737
Profit Before exceptional items and Tax61.9%7.334.919.745.147.245.72
Total profit before tax61.9%7.334.919.745.147.245.72
Current tax840%2.480.82.221.291.811.51
Deferred tax-203.3%-0.850.39-0.430.010-0.1
Total tax231.6%1.631.191.791.31.821.41
Total profit (loss) for period72.4%5.693.727.953.845.424.31
Other comp. income net of taxes2.9%0.01-0.020.060.010.010.01
Total Comprehensive Income74.1%5.73.78.013.855.444.33
Earnings Per Share, Basic108.4%2.981.954.162.012.842.26
Earnings Per Share, Diluted108.4%2.981.954.162.012.842.26
13
13
13
13
13
13
Non-current investments0%272727273939
Loans, non-current34.5%755649362726
Total non-current financial assets24.1%1048477646868
Total non-current assets16.7%141121113949596
Total assets6%319301286274275262
Borrowings, non-current22.4%2.422.161.882.031010
Total non-current financial liabilities-12.2%5.46.015.426.261515
Provisions, non-current-0.7100.530.530.410.41
Total non-current liabilities2.2%6.126.015.946.791515
Borrowings, current-15.4%12147.3111817
Total current financial liabilities32.3%423230243833
Provisions, current5%0.240.20.140.170.150.16
Current tax liabilities125%1.140.440.130.6201.23
Total current liabilities22.9%443632284036
Total liabilities22%514238345551
Equity share capital0%191919191919
Total equity3.5%268259249239220211
Total equity and liabilities6%319301286274275262
93.6%
0
-14.51
0
0
-
-
Income taxes paid (refund)-38.2%7.18119.857.02--
Other inflows (outflows) of cash94.9%0-18.5-0.9-1.01--
Net Cashflows From Operating Activities293.7%164.81138.24--
Cashflows used in obtaining control of subsidiaries-0.31000--
Purchase of property, plant and equipment280.1%8.78-3.321.010.45--
Proceeds from sales of investment property-96.1%00.4900--
Purchase of investment property-162.1%02.6100--
Proceeds from sales of long-term assets-0000.15--
Dividends received-0.94000--
Interest received-107.1%0150.90.9--
Other inflows (outflows) of cash-246.6%-15.13123.112.01--
Net Cashflows From Investing Activities-242.8%-23.27184-6.97--
Proceeds from borrowings94.5%0-17.247.313.03--
Repayments of borrowings--3.8600.330--
Payments of lease liabilities-0.2800.380--
Dividends paid0%1.911.911.911.91--
Interest paid-1.0503.773.23--
Other inflows (outflows) of cash24.8%0-0.33-16.730--
Net Cashflows from Financing Activities98.1%0.61-19.49-15.83-2.11--
Net change in cash and cash eq.-436.8%-6.783.311.55-0.84--

Revenue Breakdown

Analysis of VETO SWITCHGEARS AND CABLES's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.

Last Updated: Sep 30, 2025

DescriptionShareValue
Lightings and fittings44.1%39.1 Cr
Accessories and others28.8%25.6 Cr
Wire and Cables27.1%24 Cr
Total88.8 Cr