Veto Switchgears Peer Comparison

NSE: VETO | BSE: 539331

₹139.54

₹6.27 (4.70%)

As on 19-Oct-2026IST

Market cap

₹261 Cr

Revenue (TTM)

₹411 Cr

P/E Ratio

9.5

P/B Ratio

0.9

Div. Yield

0.7 %

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	Veto Switchgears	R R Kabel	Motherson Wiring	Diamond Power	Finolex Cables
Market cap (₹ Cr)	261	27,047	23,529	20,795	19,626
Revenue (₹ Cr)	411	10,832	12,391	2,298	6,939
Net Profit (₹ Cr)	27.00	601.24	627.40	196.51	580.98
Net Margin (%)	6.53	5.51	5.06	8.49	8.18
RoE (%)	9.67	24.89	31.34	--	13.57
Price to Earnings	9.52	44.51	37.50	105.82	24.53
Price-To-Book	0.88	9.74	10.20	19.47	3.12

Income Statement (₹ Cr)

	Veto Switchgears	R R Kabel	Motherson Wiring	Diamond Power	Finolex Cables
Operating Revenue	411.20	10,831.97	12,390.81	2,298.16	6,938.64
Total Income	413.33	10,908.89	12,399.27	2,313.62	7,101.64
Total Expenditure	370.33	9,907.03	11,316.50	2,028.49	6,211.34
EBITDA	40.87	924.94	1,074.31	269.67	727.30
Depreciation	4.26	101.65	227.08	35.12	67.25
EBIT	36.62	823.29	847.23	234.55	660.05
Interest	2.09	86.43	28.06	49.52	1.78
Other Income	2.13	76.92	8.46	15.47	163.00
Exceptional Items	0.00	-5.21	0.00	0.00	0.00
Profit before Tax	36.66	808.57	827.63	200.50	821.27
Provision for Tax	9.66	207.32	200.23	3.99	240.29
Profit after Tax	27.00	601.24	627.40	196.51	580.98

	Veto Switchgears	R R Kabel	Motherson Wiring	Diamond Power	Finolex Cables
Shareholder's Funds	289.69	2,574.40	2,161.71	-604.20	6,085.88
Minority Interest	0.36	0.00	0.00	0.00	0.00
Non-Current Liabilities	6.53	163.41	229.27	2,493.85	484.47
Current Liabilities	101.19	1,883.57	2,354.72	513.96	419.61
Total Liabilities	397.85	4,621.38	4,745.70	--	8,602.67

	Veto Switchgears	R R Kabel	Motherson Wiring	Diamond Power	Finolex Cables
Non-Current Assets	67.31	1,321.17	648.54	1,346.40	3,259.45
Current Assets	323.02	3,109.49	3,808.24	1,048.73	3,531.97
Total Assets	397.85	4,621.38	4,745.70	--	8,602.67
Total Debt*	21.43	231.45	10.40	--	0.86
Net Current Assets	221.83	1,225.92	1,453.52	534.77	3,112.36
Contingent Liabilities	3.89	134.40	40.80	--	385.75

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

	Veto Switchgears	R R Kabel	Motherson Wiring	Diamond Power	Finolex Cables
ROCE (%)	11.77	28.43	43.72	--	16.06
ROE (%)	9.67	24.89	31.34	--	13.57
ROA (%)	7.40	14.78	14.81	9.38	8.75
EBIT Margin (%)	8.90	7.60	6.84	10.21	9.51
Net Margin (%)	6.53	5.51	5.06	8.49	8.18
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

	Veto Switchgears	R R Kabel	Motherson Wiring	Diamond Power	Finolex Cables
Revenue Growth (%)	35.25	37.66	28.68	92.58	26.53
EBIT Growth (%)	33.80	79.72	4.02	360.27	31.69
Net Profit Growth (%)	32.55	79.84	4.55	472.19	12.38
EPS Growth (%)	31.03	81.50	-24.28	165.38	29.17
Book Value Growth (%)	8.72	19.61	27.29	--	10.75

	Veto Switchgears	R R Kabel	Motherson Wiring	Diamond Power	Finolex Cables
Price / Earnings	9.33	44.24	37.45	97.06	26.11
Price / Book Value	0.86	9.74	10.18	20.26	3.32
Dividend Yield (%)	0.75	0.40	1.64	0.00	0.66
EV/EBITDA	6.71	29.36	21.82	89.27	25.92
Market Cap (₹ Cr)	162.11	14,667.15	24,465.65	--	11,866.43

	Veto Switchgears	R R Kabel	Motherson Wiring	Diamond Power	Finolex Cables
Debt to Equity	0.01	0.00	0.00	-4.12	0.00
Short term debt to equity ratio	0.06	0.09	0.00	--	--
Current Ratio	3.19	1.65	1.62	2.04	8.42
Quick Ratio	2.18	0.71	0.88	1.32	5.98
Interest Coverage	18.55	10.35	30.50	5.05	462.39

	Veto Switchgears	R R Kabel	Motherson Wiring	Diamond Power	Finolex Cables
Debtors to sales (%)	39.83	9.21	15.21	20.20	5.33
Asset Turnover	1.13	2.66	2.92	1.10	1.05
Receivable days	146.78	32.85	49.74	--	17.69
Inventory Days	93.30	50.16	47.90	--	50.24
Payable days	41.42	48.93	74.53	--	16.43
Cash Conversion Cycle	198.65	34.08	23.11	--	51.50

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