Veto Switchgears Financials
NSE: VETO | BSE: 539331
₹139.54
As on 19-Oct-2026IST
Market cap
₹264 Cr
Revenue (TTM)
₹411 Cr
P/E Ratio
9.6
P/B Ratio
0.9
Div. Yield
0.7 %
Income Statement (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Operating Revenue
|
411.20
|
386.71
|
300.38
|
300.09
|
290.20
|
267.24
|
|||||
|
Total Income
|
413.33
|
388.66
|
302.93
|
304.83
|
295.51
|
270.38
|
|||||
|
Total Expenditure
|
370.33
|
348.99
|
268.69
|
269.21
|
257.49
|
233.30
|
|||||
|
EBITDA
|
40.87
|
37.72
|
31.69
|
30.89
|
32.70
|
33.94
|
|||||
|
Depreciation
|
4.26
|
4.33
|
3.06
|
2.73
|
2.82
|
3.33
|
|||||
|
EBIT
|
36.62
|
33.39
|
28.63
|
28.16
|
29.88
|
30.60
|
|||||
|
Interest
|
2.09
|
1.97
|
1.64
|
4.14
|
4.78
|
3.95
|
|||||
|
Other Income
|
2.13
|
1.95
|
2.55
|
4.73
|
5.31
|
3.14
|
|||||
|
Exceptional Items
|
--
|
--
|
--
|
--
|
--
|
--
|
|||||
|
Profit before Tax
|
36.66
|
33.37
|
29.54
|
28.75
|
30.42
|
29.80
|
|||||
|
Provision for Tax
|
9.66
|
8.78
|
7.72
|
10.69
|
9.96
|
9.61
|
|||||
|
Profit after Tax
|
27.00
|
24.58
|
21.82
|
18.06
|
20.45
|
20.19
|
|||||
|
Minority Interest
|
0.36
|
0.54
|
0.31
|
-0.11
|
-0.21
|
-0.17
|
|||||
|
Share of Associate
|
--
|
--
|
--
|
--
|
--
|
--
|
|||||
|
Consolidated Profit
|
27.36
|
25.13
|
22.13
|
17.95
|
20.25
|
20.02
|
Liabilities (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Shareholder's Funds
|
289.69
|
289.69
|
266.45
|
246.25
|
232.88
|
212.63
|
|||||
|
Minority Interest
|
0.36
|
0.44
|
0.98
|
1.00
|
0.89
|
0.68
|
|||||
|
Non-Current Liabilities
|
6.53
|
1.18
|
1.87
|
2.85
|
13.69
|
8.72
|
|||||
|
Current Liabilities
|
101.19
|
101.19
|
84.25
|
52.04
|
70.41
|
83.67
|
|||||
|
Total Liabilities
|
397.85
|
397.85
|
358.05
|
306.19
|
321.27
|
308.62
|
Assets (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Non-Current Assets
|
67.31
|
69.48
|
68.77
|
52.55
|
49.79
|
48.00
|
|||||
|
Current Assets
|
323.02
|
323.02
|
284.79
|
249.59
|
268.08
|
257.71
|
|||||
|
Total Assets
|
397.85
|
397.85
|
358.05
|
306.19
|
321.27
|
308.62
|
|||||
|
Total Debt*
|
--
|
21.43
|
22.77
|
22.08
|
42.92
|
45.70
|
|||||
|
Net Current Assets
|
221.83
|
221.83
|
200.53
|
197.56
|
197.68
|
174.04
|
|||||
|
Contingent Liabilities
|
--
|
3.89
|
3.58
|
0.85
|
1.25
|
0.03
|
Cashflow (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Cash From Operating Activities
|
--
|
10.38
|
14.99
|
27.79
|
17.97
|
-7.92
|
|||||
|
Cash Flow from Investing Activities
|
--
|
-4.18
|
-18.49
|
-6.51
|
-4.21
|
-0.19
|
|||||
|
Cash from Financing Activities
|
--
|
-5.34
|
-3.00
|
-27.31
|
-9.89
|
4.32
|
|||||
|
Net Cash Inflow / Outflow
|
--
|
0.86
|
-6.50
|
-6.04
|
3.87
|
-3.80
|
Financials Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Adjusted EPS (₹)
|
14.31
|
13.15
|
11.58
|
9.39
|
10.59
|
10.47
|
|||||
|
Cash EPS (₹)
|
14.32
|
15.13
|
13.01
|
10.88
|
12.18
|
12.31
|
|||||
|
Adjusted Book Value (₹)
|
154.61
|
151.55
|
139.39
|
128.83
|
121.83
|
111.24
|
|||||
|
Dividend per Share (₹)
|
0.73
|
1.00
|
1.00
|
1.00
|
1.00
|
1.00
|
|||||
|
Cash Flow per Share (₹)
|
--
|
5.43
|
7.84
|
14.54
|
9.40
|
-4.15
|
|||||
|
Free Cash Flow per Share (₹)
|
--
|
2.39
|
-2.61
|
10.34
|
5.27
|
-7.68
|
Profitability Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
ROCE (%)
|
--
|
11.77
|
11.19
|
12.09
|
13.18
|
13.86
|
|||||
|
ROE (%)
|
9.67
|
8.84
|
8.51
|
7.54
|
9.18
|
9.94
|
|||||
|
ROA (%)
|
7.40
|
6.59
|
6.66
|
5.83
|
6.56
|
7.00
|
|||||
|
EBIT Margin (%)
|
8.90
|
8.63
|
9.53
|
9.38
|
10.30
|
11.45
|
|||||
|
Net Margin (%)
|
6.53
|
6.33
|
7.20
|
5.93
|
6.92
|
7.47
|
|||||
|
Cash Profit Margin (%)
|
--
|
7.48
|
8.28
|
6.93
|
8.02
|
8.80
|
Growth Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Revenue Growth (%)
|
35.25
|
28.74
|
0.09
|
3.41
|
8.59
|
47.46
|
|||||
|
EBIT Growth (%)
|
33.80
|
16.62
|
1.67
|
-5.76
|
-2.35
|
41.52
|
|||||
|
Net Profit Growth (%)
|
31.03
|
12.67
|
20.80
|
-11.69
|
1.31
|
36.09
|
|||||
|
EPS Growth (%)
|
31.04
|
13.53
|
23.28
|
-11.34
|
1.15
|
35.30
|
|||||
|
Book Value Growth (%)
|
--
|
8.72
|
8.20
|
5.74
|
9.52
|
9.72
|
Valuation Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Price / Earnings
|
9.63
|
6.45
|
8.74
|
13.06
|
7.14
|
8.69
|
|||||
|
Price / Book Value
|
0.89
|
0.56
|
0.73
|
0.95
|
0.62
|
0.82
|
|||||
|
Dividend Yield (%)
|
0.73
|
1.18
|
0.99
|
0.82
|
1.32
|
1.10
|
|||||
|
EV/EBITDA
|
6.57
|
4.57
|
6.27
|
6.98
|
4.53
|
5.67
|
|||||
|
Close Price (₹)
|
127.38
|
84.40
|
101.26
|
122.85
|
75.20
|
91.00
|
|||||
|
High Price (₹)
|
153.95
|
141.90
|
196.00
|
156.40
|
135.50
|
172.00
|
|||||
|
Low Price (₹)
|
82.32
|
82.32
|
92.50
|
71.40
|
71.40
|
78.30
|
|||||
|
Market Cap (₹ Cr)
|
263.50
|
162.11
|
193.38
|
234.55
|
144.63
|
174.04
|
Solvency Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Debt to Equity
|
0.01
|
0.07
|
0.09
|
0.09
|
0.18
|
0.21
|
|||||
|
Short term debt to equity ratio
|
--
|
0.06
|
0.07
|
0.04
|
0.14
|
0.20
|
|||||
|
Current Ratio
|
3.19
|
3.19
|
3.38
|
4.80
|
3.81
|
3.08
|
|||||
|
Quick Ratio
|
2.18
|
2.18
|
2.25
|
2.98
|
2.32
|
1.62
|
|||||
|
Interest Coverage
|
18.55
|
17.91
|
19.00
|
7.94
|
7.36
|
8.54
|
Operating Efficiency Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Debtors to sales (%)
|
39.83
|
42.35
|
49.02
|
44.32
|
46.84
|
44.50
|
|||||
|
Asset Turnover
|
1.13
|
1.04
|
0.92
|
0.97
|
0.93
|
0.93
|
|||||
|
Receivable days
|
--
|
146.78
|
170.26
|
163.54
|
160.28
|
143.10
|
|||||
|
Inventory Days
|
--
|
93.30
|
114.96
|
121.17
|
142.82
|
160.00
|
|||||
|
Payable days
|
--
|
41.42
|
44.52
|
44.96
|
55.75
|
62.65
|
|||||
|
Cash Conversion Cycle
|
--
|
198.65
|
240.71
|
239.75
|
247.35
|
240.46
|