Veto Switchgears Peer Comparison

NSE: VETO | BSE: 539331

₹139.57

₹-4.21 (-2.93%)

As on 22-Sep-2026IST

Market cap

₹267 Cr

Revenue (TTM)

₹411 Cr

P/E Ratio

9.8

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)	267	27,951	23,317	21,988	22,456
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	9.77	46.00	37.16	111.89	28.07
Price-To-Book	0.90	10.06	10.11	20.58	3.57

Income Statement (₹ Cr)

	Veto Switchgears	R R Kabel	Motherson Wiring	Diamond Power	Finolex Cables
Operating Revenue	300.38	7,618.23	9,319.40	1,115.39	5,318.89
Total Income	302.93	7,669.35	9,332.20	1,115.95	5,536.42
Total Expenditure	268.69	7,131.47	8,323.10	1,048.61	4,797.72
EBITDA	31.69	486.76	996.30	66.78	521.17
Depreciation	3.06	70.50	178.90	20.28	46.61
EBIT	28.63	416.27	817.40	46.50	474.56
Interest	1.64	60.02	24.70	12.64	1.67
Other Income	2.55	51.11	12.80	0.56	217.53
Exceptional Items	--	--	--	-0.30	--
Profit before Tax	29.54	409.45	805.50	34.41	922.45
Provision for Tax	7.72	97.84	199.60	-0.09	221.68
Profit after Tax	21.82	311.61	605.90	34.50	700.77

	Veto Switchgears	R R Kabel	Motherson Wiring	Diamond Power	Finolex Cables
Shareholder's Funds	266.45	2,152.62	1,698.30	-878.66	5,495.25
Minority Interest	0.98	--	--	--	--
Non-Current Liabilities	1.87	102.21	166.30	2,228.76	1,162.56
Current Liabilities	58.44	1,262.09	1,806.80	438.72	1,093.60
Total Liabilities	332.23	3,516.92	3,728.80	1,789.03	7,751.41

	Veto Switchgears	R R Kabel	Motherson Wiring	Diamond Power	Finolex Cables
Non-Current Assets	68.77	1,264.47	818.40	1,305.90	3,234.70
Current Assets	258.97	2,252.45	2,853.00	482.92	4,516.71
Total Assets	332.23	3,516.92	3,728.80	1,789.03	7,751.41
Total Debt*	22.77	220.85	9.50	2,359.14	0.87
Net Current Assets	200.53	990.37	1,046.20	44.20	3,423.11
Contingent Liabilities	3.18	38.18	43.50	128.71	357.39

	Veto Switchgears	R R Kabel	Motherson Wiring	Diamond Power	Finolex Cables
Cash From Operating Activities	14.99	494.40	364.80	17.15	207.25
Cash Flow from Investing Activities	-18.49	-169.02	-60.10	-68.71	-82.09
Cash from Financing Activities	-3.00	-191.20	-457.40	54.28	-128.11
Net Cash Inflow / Outflow	-6.50	134.18	-152.70	2.73	-2.95

	Veto Switchgears	R R Kabel	Motherson Wiring	Diamond Power	Finolex Cables
ROCE (%)	11.19	20.91	48.93	9.80	17.70
ROE (%)	8.51	15.67	35.90	0.00	13.42
ROA (%)	6.93	9.76	17.93	2.09	9.53
EBIT Margin (%)	11.40	7.06	10.83	6.04	13.89
Net Margin (%)	7.20	4.06	6.49	3.09	12.66
Cash Profit Margin (%)	8.28	4.82	8.42	4.91	14.05

	Veto Switchgears	R R Kabel	Motherson Wiring	Diamond Power	Finolex Cables
Revenue Growth (%)	0.09	15.52	11.91	224.84	6.07
EBIT Growth (%)	-3.89	2.54	-1.08	54.86	-3.25
Net Profit Growth (%)	20.80	4.52	-5.08	102.63	7.53
EPS Growth (%)	23.28	4.29	-5.07	102.60	7.53
Book Value Growth (%)	8.20	17.86	1.28	9.73	11.11

	Veto Switchgears	R R Kabel	Motherson Wiring	Diamond Power	Finolex Cables
Price / Earnings	8.74	34.39	25.32	137.37	19.95
Price / Book Value	0.73	4.98	13.55	-5.39	2.54
Dividend Yield (%)	0.99	0.63	1.63	0.00	0.88
EV/EBITDA	6.27	19.91	22.58	105.21	18.73
Market Cap (₹ Cr)	193.38	10,717.33	23,016.12	4,738.52	13,983.36

	Veto Switchgears	R R Kabel	Motherson Wiring	Diamond Power	Finolex Cables
Debt to Equity	0.09	0.10	0.01	-2.68	0.00
Short term debt to equity ratio	0.07	0.10	--	--	--
Current Ratio	4.43	1.78	1.58	1.10	4.13
Quick Ratio	2.81	0.98	0.87	0.63	3.47
Interest Coverage	19.00	7.82	33.61	3.72	553.37

	Veto Switchgears	R R Kabel	Motherson Wiring	Diamond Power	Finolex Cables
Debtors to sales (%)	49.02	10.81	13.35	15.74	4.56
Asset Turnover	0.95	2.48	2.76	0.67	0.72
Receivable days	170.26	33.72	41.90	38.35	14.41
Inventory Days	114.96	43.95	47.44	53.31	44.38
Payable days	44.52	34.76	63.17	59.23	20.24
Cash Conversion Cycle	240.71	42.91	26.16	32.43	38.55

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