Veto Switchgears Peer Comparison

NSE: VETO | BSE: 539331

₹136.50

₹9.83 (7.76%)

As on 08-Nov-2026IST

Market cap

₹263 Cr

Revenue (TTM)

₹411 Cr

P/E Ratio

9.6

P/B Ratio

0.9

Div. Yield

0.7 %

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	Veto Switchgears	Motherson Wiring	Diamond Power	R R Kabel	Finolex Cables
Market cap (₹ Cr)	263	26,162	22,188	23,929	20,030
Revenue (₹ Cr)	411	13,683	2,892	11,952	7,832
Net Profit (₹ Cr)	27.00	685.43	276.66	663.29	694.11
Net Margin (%)	6.53	5.01	9.46	5.51	8.69
RoE (%)	9.67	31.86	--	24.09	14.49
Price to Earnings	9.60	38.17	80.20	35.61	22.00
Price-To-Book	0.89	12.22	29.05	7.88	3.09

Income Statement (₹ Cr)

	Veto Switchgears	Motherson Wiring	Diamond Power	R R Kabel	Finolex Cables
Operating Revenue	411.20	13,682.78	2,947.09	11,952.20	7,832.18
Total Income	413.33	13,691.57	2,977.07	12,031.55	7,991.13
Total Expenditure	370.33	12,514.57	2,650.09	10,919.46	6,938.77
EBITDA	40.87	1,168.21	297.00	1,032.74	893.41
Depreciation	4.26	234.83	38.14	110.50	75.84
EBIT	36.62	933.38	258.87	922.25	817.57
Interest	2.09	36.21	23.51	102.79	1.95
Other Income	2.13	8.79	29.98	79.35	158.95
Exceptional Items	0.00	0.00	0.00	-5.21	0.00
Profit before Tax	36.66	905.96	265.34	893.59	974.57
Provision for Tax	9.66	220.53	-0.45	230.31	280.46
Profit after Tax	27.00	685.43	265.79	663.29	694.11

	Veto Switchgears	Motherson Wiring	Diamond Power	R R Kabel	Finolex Cables
Shareholder's Funds	289.69	2,140.66	749.76	3,038.10	6,483.98
Minority Interest	0.36	0.00	0.00	0.00	0.00
Non-Current Liabilities	6.53	254.75	1,902.15	432.60	514.69
Current Liabilities	101.19	2,497.35	419.92	2,334.20	610.51
Total Liabilities	397.85	4,745.70	--	4,621.38	8,602.67

	Veto Switchgears	Motherson Wiring	Diamond Power	R R Kabel	Finolex Cables
Non-Current Assets	67.31	667.36	995.34	1,664.80	3,248.67
Current Assets	323.02	3,973.42	2,063.68	3,883.00	4,276.21
Total Assets	397.85	4,745.70	--	4,621.38	8,602.67
Total Debt*	21.43	10.40	--	231.45	0.86
Net Current Assets	221.83	1,476.07	1,643.76	1,548.80	3,665.70
Contingent Liabilities	3.89	40.80	--	134.40	385.75

	Veto Switchgears	Motherson Wiring	Diamond Power	R R Kabel	Finolex Cables
Cash From Operating Activities	10.38	761.30	--	295.29	49.08
Cash Flow from Investing Activities	-4.18	-199.90	--	-263.41	152.83
Cash from Financing Activities	-5.34	-509.50	--	-162.03	-128.91
Net Cash Inflow / Outflow	0.86	51.90	--	-130.15	73.00

	Veto Switchgears	Motherson Wiring	Diamond Power	R R Kabel	Finolex Cables
ROCE (%)	11.77	43.72	--	28.43	16.06
ROE (%)	9.67	31.86	--	24.09	14.49
ROA (%)	7.40	15.43	10.46	13.99	9.73
EBIT Margin (%)	8.90	6.82	8.78	7.72	10.44
Net Margin (%)	6.53	5.01	8.93	5.51	8.69
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

	Veto Switchgears	Motherson Wiring	Diamond Power	R R Kabel	Finolex Cables
Revenue Growth (%)	35.25	35.93	112.00	45.36	41.17
EBIT Growth (%)	33.80	11.67	242.81	69.63	51.92
Net Profit Growth (%)	32.55	11.75	419.79	65.58	31.22
EPS Growth (%)	31.03	-10.50	332.57	67.42	37.07
Book Value Growth (%)	8.72	27.29	--	19.61	10.75

	Veto Switchgears	Motherson Wiring	Diamond Power	R R Kabel	Finolex Cables
Price / Earnings	9.60	38.17	77.20	35.40	22.00
Price / Book Value	0.89	12.22	29.59	7.88	3.09
Dividend Yield (%)	0.73	1.47	0.00	0.45	0.69
EV/EBITDA	6.89	22.34	82.88	23.26	20.13
Market Cap (₹ Cr)	162.11	24,465.65	--	14,667.15	11,866.43

	Veto Switchgears	Motherson Wiring	Diamond Power	R R Kabel	Finolex Cables
Debt to Equity	0.01	0.00	2.53	0.08	0.00
Short term debt to equity ratio	0.06	0.00	--	0.09	--
Current Ratio	3.19	1.59	4.91	1.66	7.00
Quick Ratio	2.18	0.83	3.66	0.71	4.57
Interest Coverage	18.55	26.02	12.29	9.69	500.78

	Veto Switchgears	Motherson Wiring	Diamond Power	R R Kabel	Finolex Cables
Debtors to sales (%)	39.83	14.09	28.13	10.70	5.75
Asset Turnover	1.13	3.08	1.16	2.52	1.10
Receivable days	146.78	49.74	--	32.85	17.69
Inventory Days	93.30	47.90	--	50.16	50.24
Payable days	41.42	74.53	--	48.93	16.43
Cash Conversion Cycle	198.65	23.11	--	34.08	51.50

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.