Veto Switchgears And Cables Limited

Consumer Durables · Consumer Durables

NSE: VETO BSE: 539331

₹142.72

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Consumer Durables

The largest companies in the same industry by market cap. This company ranks #114 of 214. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Titan Company Limited	407,228	76.4	32.3%	34.6%	—	72	26	27
Asian Paints Limited	230,457	49.8	20.0%	2.9%	—	87	0	62
LG Electronics India Limited	116,986	64.1	—	—	—	85	0	87
Dixon Technologies (India) Limited	80,023	63.9	30.5%	-20.4%	—	92	33	30
Havells India Limited	63,760	38.6	17.8%	-31.6%	—	74	13	8
Kalyan Jewellers India Limited	57,126	42.3	21.4%	18.9%	0.45%	66	33	29
Berger Paints (I) Limited	53,106	45.4	16.3%	-14.0%	—	80	0	63
Voltas Limited	35,405	84.7	5.8%	-20.9%	0.37%	62	5	11
Veto Switchgears And Cables Limited (this stock)	273	10.5	8.5%	22.7%	0.70%	66	99	87

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹285 Cr

EV / EBITDA

7.2x

EV / Sales

1.09x

Market cap / Sales

1.04x

Earnings yield

9.56%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 60 Cr, up 34.4% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	58	8	6	₹3.1200
March 31, 2026	75	11	8	₹4.1900
Dec. 31, 2025	70	9	6	₹3.3600
Sept. 30, 2025	58	7	6	₹2.9800
June 30, 2025	43	5	4	₹1.9500
March 31, 2025	67	10	8	₹4.1600
Dec. 31, 2024	54	5	4	₹2.0100
Sept. 30, 2024	53	7	5	₹2.8400
June 30, 2024	42	6	4	₹2.2600
March 31, 2024	62	22	17	₹9.0600
Dec. 31, 2023	55	6	4	₹2.2000
Sept. 30, 2023	51	7	5	₹2.7700
June 30, 2023	42	5	4	₹1.9200

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	60	77	72	60	45	69	56	54	43	79	56	52	42
Operating revenue	58	75	70	58	43	67	54	53	42	62	55	51	42
Other income	2	2	2	2	2	2	2	1	1	18	1	1	1
Operating expenses	51	65	62	52	39	58	50	46	36	57	48	44	36
Operating profit	7	10	8	6	5	9	4	6	5	5	7	8	5
Operating profit margin	12.3%	13.5%	11.5%	10.7%	10.5%	13.8%	7.1%	12.3%	12.6%	7.8%	12.2%	14.6%	12.8%
Depreciation	1	1	1	1	1	1	1	1	1	0	1	1	1
Interest	0	0	0	0	0	1	0	0	0	0	0	1	1
Exceptional items, gain / (loss)	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit before tax	8	11	9	7	5	10	5	7	6	22	6	7	5
Tax	2	3	2	2	1	2	1	2	1	4	2	2	1
Net profit	—	8	6	—	4	8	4	5	4	17	4	5	4
EPS	3.12	4.19	3.36	2.98	1.95	4.16	2.01	2.84	2.26	9.06	2.20	2.77	1.92
Net profit (TTM)	—	—	—	—	21	22	31	31	31	30	23	23	23
EPS (TTM)	13.65	12.48	12.45	11.10	10.96	11.27	16.17	16.36	16.29	15.95	11.96	12.22	12.22

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	247	32	24
March 31, 2025	216	28	22
March 31, 2024	210	40	30
March 31, 2023	196	31	23

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	6.7%	10.3%	254^†	223^†	230^†	209^†	184^†	155^†	126^†	116^†	130^†	125^†
Operating revenue	7.9%	10.1%	247	216	210	196	174^†	153^†	121^†	109^†	124^†	120^†
Other income	—	—	7^†	7^†	21^†	13^†	10^†	3^†	6^†	7^†	6^†	4^†
Operating expenses	—	—	218^†	191^†	185^†	172^†	147^†	129^†	105^†	97^†	—	100^†
Operating profit	6.9%	4.5%	29^†	25^†	24^†	24^†	26^†	23^†	15^†	12^†	—	20^†
Operating profit margin	—	—	11.8%^†	11.5%^†	11.6%^†	12.1%^†	15.1%^†	15.2%^†	12.7%^†	11.1%^†	—	16.5%^†
Depreciation	—	—	3^†	2^†	2^†	2^†	3^†	2^†	2^†	1^†	1^†	2^†
Interest	—	—	1^†	1^†	3^†	3^†	3^†	2^†	4^†	4^†	—	4^†
Exceptional items, gain / (loss)	—	—	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†
Profit before tax	0.6%	7.2%	32	28	40	31	31^†	22^†	16^†	14^†	30^†	15^†
Tax	—	—	8^†	6^†	10^†	8^†	8^†	6^†	5^†	4^†	10^†	3^†
Net profit	1.4%	8.1%	24	22	30	23	23^†	16^†	11^†	9^†	20^†	12^†
EPS	1.4%	8.1%	12.48^†	11.27^†	15.95^†	11.96^†	11.83^†	8.44^†	5.82^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	11.8%^†	11.5%^†	11.6%^†	12.1%^†	15.1%^†	15.2%^†	12.7%^†	11.1%^†	—	16.5%^†
EBIT margin	13.4%^†	13.5%^†	20.4%^†	17.5%^†	19.6%^†	15.8%^†	16.1%^†	16.0%^†	—	16.2%^†
PBT margin	12.8%	12.9%	19.2%	15.9%	17.7%^†	14.6%^†	13.0%^†	12.5%^†	24.0%^†	12.8%^†
Net margin	9.7%	10.0%	14.5%	11.7%	13.0%^†	10.6%^†	9.2%^†	8.6%^†	16.1%^†	10.1%^†
Interest coverage	22.88x^†	23.42x^†	16.52x^†	10.80x^†	10.51x^†	13.79x^†	5.28x^†	4.51x^†	—	4.74x^†
Dividend payout	8.0%^†	8.9%^†	6.3%^†	8.4%^†	8.5%^†	0.0%^†	0.0%^†	—	—	—
Earnings retention	92.0%^†	91.1%^†	93.7%^†	91.6%^†	91.5%^†	100.0%^†	100.0%^†	—	—	—
Current ratio	2.95x	4.98x	—	—	—	—	—	—	—	—
Quick ratio	2.01x	3.04x	—	—	—	—	—	—	—	—
Debt to equity	0.04x	—	—	—	—	—	—	—	—	—
Return on equity	8.5%	8.3%	—	—	—	—	—	—	—	—
Return on assets	6.6%	7.2%	—	—	—	—	—	—	—	—
Return on capital employed	11.6%^†	11.0%^†	—	—	—	—	—	—	—	—
Asset turnover	0.68x	0.72x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	24	-17	-8	2	23
March 31, 2025	16	-23	1	9	7
March 31, 2024	5	41	-16	-3	8
March 31, 2023	13	4	-16	1	12
March 31, 2022	8	-7	-2	0	8

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	361	281	262	10	2	219	74	0	17	69
March 31, 2025	301	259	240	—	2	180	36	0	18	70
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.