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Veto Switchgears

  • Market Cap: Micro Cap
  • Industry: Cable
  • ISIN: INE918N01018
  • NSEID: VETO
  • BSEID: 539331
INR
107.60
1.1 (1.03%)
BSENSE

Apr 11, 12:52 PM

BSE+NSE Vol: 12.84 k

Click here to access the older version
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

106.80109.30

52 Week

92.50196.00
Valuation
Technical
Day's Volume

CASH

12.84 k (-67.21%) Volume

Shareholding (Mar 2025)

FII

0.42%

Held by 4 FIIs

DII

0.00%

Held by 0 DIIs

Promoter

45.06%

iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy
Dashboard
1

Poor long term growth as Net Sales has grown by an annual rate of 12.93% and Operating profit at 4.92% over the last 5 years

 
2

Negative results in Dec 24

3

Stock is technically in a Mildly Bearish range

4

Below par performance in long term as well as near term

stock-summaryMojo Parameters
Mojo Parameters
Loading Valuation Snapshot...
Stock DNA
stock-summary
Industry

Cable

stock-summary
Market cap

INR 206 Cr (Micro Cap)

stock-summary
P/E

12.00

stock-summary
Industry P/E

42

stock-summary
Dividend Yield

0.94%

stock-summary
Debt Equity

0.04

stock-summary
Return on Equity

6.87%

stock-summary
Price to Book

0.79

Revenue and Profits (1 Year):
Net Sales:
76 Cr
(Quarterly Results - Dec 2024)
Net Profit:
4 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0.94%)
TimePeriod
Price Return
Dividend Return
Total Return
6 Months
-22.92%
0%
-22.92%
1 Year
-16.2%
0.77%
-15.43%
2 Years
26.0%
2.10%
28.1%
3 Years
1.13%
3.40%
4.53%
4 Years
-25.15%
3.31%
-21.84%
5 Years
256.88%
12.35%
269.23%

Latest dividend: 1 per share ex-dividend date: Sep-20-2024

Risk Adjusted Returns v/s Sensex stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
12.93%
EBIT Growth (5y)
4.92%
EBIT to Interest (avg)
9.17
Debt to EBITDA (avg)
1.13
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0.96
Tax Ratio
36.76%
Dividend Payout Ratio
10.65%
Pledged Shares
0
Institutional Holding
0.01%
ROCE (avg)
10.94%
ROE (avg)
7.93%
Valuation key factors
Factor
Value
P/E Ratio
12
Industry P/E
42
Price to Book Value
0.79
EV to EBIT
9.46
EV to EBITDA
8.44
EV to Capital Employed
0.80
EV to Sales
0.73
PEG Ratio
NA
Dividend Yield
0.94%
ROCE (Latest)
9.83%
ROE (Latest)
6.87%
Tecnicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
Bullish
No Signal
Bollinger Bands
Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
Mildly Bullish
Mildly Bearish
OBV
Mildly Bullish
Mildly Bullish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Mar 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Non Institution

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 4 FIIs (0.42%)

Promoter with highest holding

Veto Electropowers (india) Private Limited (32.28%)

Highest Public shareholder

None

Individual Investors Holdings

46.37%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Dec'24 - YoY",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in quarter ended Dec 2024 is -7.73% vs 14.48% in Dec 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in quarter ended Dec 2024 is -21.76% vs 2.14% in Dec 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "75.71",
          "val2": "82.05",
          "chgp": "-7.73%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "5.20",
          "val2": "8.73",
          "chgp": "-40.44%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "0.50",
          "val2": "0.87",
          "chgp": "-42.53%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "3.74",
          "val2": "4.78",
          "chgp": "-21.76%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "6.87%",
          "val2": "10.64%",
          "chgp": "-3.77%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Consolidated) - Sep'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2024 is -2.25% vs 2.45% in Sep 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": " Growth in half year ended Sep 2024 is -0.18% vs -18.82% in Sep 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Sep'24",
        "Sep'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "135.49",
          "val2": "138.61",
          "chgp": "-2.25%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "15.66",
          "val2": "17.84",
          "chgp": "-12.22%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "0.42",
          "val2": "2.54",
          "chgp": "-83.46%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "10.85",
          "val2": "10.87",
          "chgp": "-0.18%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "11.56%",
          "val2": "12.87%",
          "chgp": "-1.31%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Consolidated) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is -4.29% vs 6.61% in Dec 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is -6.77% vs -13.39% in Dec 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "211.20",
          "val2": "220.66",
          "chgp": "-4.29%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "20.86",
          "val2": "26.57",
          "chgp": "-21.49%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "0.92",
          "val2": "3.41",
          "chgp": "-73.02%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "14.59",
          "val2": "15.65",
          "chgp": "-6.77%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "9.88%",
          "val2": "12.04%",
          "chgp": "-2.16%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Mar'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2024 is 3.08% vs 8.93% in Mar 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2024 is -11.36% vs 1.15% in Mar 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'24",
        "Mar'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "300.09",
          "val2": "291.11",
          "chgp": "3.08%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "30.89",
          "val2": "33.62",
          "chgp": "-8.12%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "4.14",
          "val2": "4.78",
          "chgp": "-13.39%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "17.95",
          "val2": "20.25",
          "chgp": "-11.36%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "10.29%",
          "val2": "11.55%",
          "chgp": "-1.26%",
          "chgp_class": "negative"
        }
      ]
    }
  }
]
Quarterly Results Snapshot (Consolidated) - Dec'24 - YoYstock-summary
Dec'24
Dec'23
Change(%)
Net Sales
75.71
82.05
-7.73%
Operating Profit (PBDIT) excl Other Income
5.20
8.73
-40.44%
Interest
0.50
0.87
-42.53%
Exceptional Items
0.00
0.00
Consolidate Net Profit
3.74
4.78
-21.76%
Operating Profit Margin (Excl OI)
6.87%
10.64%
-3.77%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in quarter ended Dec 2024 is -7.73% vs 14.48% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in quarter ended Dec 2024 is -21.76% vs 2.14% in Dec 2023

All Quarterly Resultsstock-summary
Half Yearly Results Snapshot (Consolidated) - Sep'24stock-summary
Sep'24
Sep'23
Change(%)
Net Sales
135.49
138.61
-2.25%
Operating Profit (PBDIT) excl Other Income
15.66
17.84
-12.22%
Interest
0.42
2.54
-83.46%
Exceptional Items
0.00
0.00
Consolidate Net Profit
10.85
10.87
-0.18%
Operating Profit Margin (Excl OI)
11.56%
12.87%
-1.31%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

Growth in half year ended Sep 2024 is -2.25% vs 2.45% in Sep 2023

Direction Arrows
Consolidated Net Profit

Growth in half year ended Sep 2024 is -0.18% vs -18.82% in Sep 2023

All Half Yearly Resultsstock-summary
Nine Monthly Results Snapshot (Consolidated) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
211.20
220.66
-4.29%
Operating Profit (PBDIT) excl Other Income
20.86
26.57
-21.49%
Interest
0.92
3.41
-73.02%
Exceptional Items
0.00
0.00
Consolidate Net Profit
14.59
15.65
-6.77%
Operating Profit Margin (Excl OI)
9.88%
12.04%
-2.16%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2024 is -4.29% vs 6.61% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in nine months ended Dec 2024 is -6.77% vs -13.39% in Dec 2023

All Nine Monthly Resultsstock-summary
Annual Results Snapshot (Consolidated) - Mar'24stock-summary
Mar'24
Mar'23
Change(%)
Net Sales
300.09
291.11
3.08%
Operating Profit (PBDIT) excl Other Income
30.89
33.62
-8.12%
Interest
4.14
4.78
-13.39%
Exceptional Items
0.00
0.00
Consolidate Net Profit
17.95
20.25
-11.36%
Operating Profit Margin (Excl OI)
10.29%
11.55%
-1.26%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2024 is 3.08% vs 8.93% in Mar 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2024 is -11.36% vs 1.15% in Mar 2023

All Annual Resultsstock-summary
stock-summaryCompany CV
About Veto Switchgears & Cables Ltd stock-summary
stock-summary
Veto Switchgears & Cables Ltd
Micro Cap
Cable
Veto Switchgears and Cables Limited was originally incorporated as a Partnership Firm on June 26, 2003 under the name and style "Veto Industries". On April 1, 2007 the name of the Firm was changed to "Veto Switchgears and Cables". Subsequently, on June 20, 2007, the Partnership Firm was converted in to the Private Limited Company under the name and style "Veto Switchgears and Cables Private Limited".
Company Coordinates stock-summary
Company Details
506 5 Flr Plot B-9 New Link Rd, Landmark Building Andheri (W) Mumbai Maharashtra : 400058
stock-summary
Tel: 91-141-4100400
stock-summary
http://www.vetoswitchgears.com
stock-summary
cs.vandana@vetoswitchgears.com
Registrar Details
Bigshare Services Pvt Ltd , E-2 , Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri (E), Mumbai
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