Veto Switchgears and Cables Limited (NSE:VETO)

NSE:VETO Statistics

Total Valuation

NSE:VETO has a market cap or net worth of INR 2.17 billion. The enterprise value is 2.40 billion.

Market Cap	2.17B
Enterprise Value	2.40B

Important Dates

The last earnings date was Friday, November 14, 2025.

Earnings Date	Nov 14, 2025
Ex-Dividend Date	Sep 22, 2025

Share Statistics

NSE:VETO has 19.11 million shares outstanding. The number of shares has increased by 1.14% in one year.

Current Share Class	19.11M
Shares Outstanding	19.11M
Shares Change (YoY)	+1.14%
Shares Change (QoQ)	-6.91%
Owned by Insiders (%)	16.06%
Owned by Institutions (%)	0.42%
Float	9.68M

Valuation Ratios

The trailing PE ratio is 10.48.

PE Ratio	10.48
Forward PE	n/a
PS Ratio	0.68
PB Ratio	0.79
P/TBV Ratio	0.79
P/FCF Ratio	n/a
P/OCF Ratio	19.50
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 7.38, with an EV/FCF ratio of -92.10.

EV / Earnings	11.38
EV / Sales	0.75
EV / EBITDA	7.38
EV / EBIT	8.32
EV / FCF	-92.10

Financial Position

The company has a current ratio of 4.06, with a Debt / Equity ratio of 0.06.

Current Ratio	4.06
Quick Ratio	2.17
Debt / Equity	0.06
Debt / EBITDA	0.50
Debt / FCF	-6.18
Interest Coverage	13.80

Financial Efficiency

Return on equity (ROE) is 7.65% and return on invested capital (ROIC) is 6.35%.

Return on Equity (ROE)	7.65%
Return on Assets (ROA)	5.40%
Return on Invested Capital (ROIC)	6.35%
Return on Capital Employed (ROCE)	10.17%
Revenue Per Employee	9.51M
Profits Per Employee	627,848
Employee Count	336
Asset Turnover	0.96
Inventory Turnover	2.15

Taxes

In the past 12 months, NSE:VETO has paid 73.07 million in taxes.

Income Tax	73.07M
Effective Tax Rate	26.30%

Stock Price Statistics

The stock price has decreased by -12.76% in the last 52 weeks. The beta is 0.02, so NSE:VETO's price volatility has been lower than the market average.

Beta (5Y)	0.02
52-Week Price Change	-12.76%
50-Day Moving Average	117.03
200-Day Moving Average	115.59
Relative Strength Index (RSI)	40.38
Average Volume (20 Days)	37,645

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, NSE:VETO had revenue of INR 3.19 billion and earned 210.96 million in profits. Earnings per share was 10.86.

Revenue	3.19B
Gross Profit	857.12M
Operating Income	288.37M
Pretax Income	277.85M
Net Income	210.96M
EBITDA	325.30M
EBIT	288.37M
Earnings Per Share (EPS)	10.86

Balance Sheet

The company has 19.89 million in cash and 161.09 million in debt, giving a net cash position of -141.20 million or -7.39 per share.

Cash & Cash Equivalents	19.89M
Total Debt	161.09M
Net Cash	-141.20M
Net Cash Per Share	-7.39
Equity (Book Value)	2.77B
Book Value Per Share	144.77
Working Capital	2.09B

Cash Flow

In the last 12 months, operating cash flow was 111.54 million and capital expenditures -137.59 million, giving a free cash flow of -26.06 million.

Operating Cash Flow	111.54M
Capital Expenditures	-137.59M
Free Cash Flow	-26.06M
FCF Per Share	-1.36

Margins

Gross margin is 26.83%, with operating and profit margins of 9.03% and 6.60%.

Gross Margin	26.83%
Operating Margin	9.03%
Pretax Margin	8.70%
Profit Margin	6.60%
EBITDA Margin	10.18%
EBIT Margin	9.03%
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of 1.00, which amounts to a dividend yield of 0.88%.

Dividend Per Share	1.00
Dividend Yield	0.88%
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	9.06%
Buyback Yield	-1.14%
Shareholder Yield	-0.27%
Earnings Yield	9.70%
FCF Yield	-1.20%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

Altman Z-Score	n/a
Piotroski F-Score	5