Veto Switchgears and Cables Ltd
Veto Switchgears and Cables Ltd (VETO) last reported results for the quarter ended Jun 2026, with sales of ₹89.36 crore and net profit of ₹5.85 crore. The stock last traded at ₹137, a market capitalisation of ₹262 crore, on a P/E of 9.58. Over the past 52 weeks the stock has ranged between ₹82.3 and ₹158. Figures are as of 6 Oct 2026 and are not real time.
Veto Switchgears and Cables Ltd share price and key metrics
- Current price
- ₹137
- Market cap
- ₹262 cr
- Stock P/E
- 9.58
- Book value
- ₹152
- ROE
- 8.84%
- ROCE
- 11.6%
- Dividend yield
- 0.73%
- 52w high / low
- 158/82.3
Metrics as of 6 Oct 2026. Not real time.
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Veto Switchgears and Cables Ltd growth and returns
- 10 Years
- 8%
- 5 Years
- 16%
- 3 Years
- 10%
- TTM
- 35%
- 10 Years
- 4%
- 5 Years
- 11%
- 3 Years
- 7%
- TTM
- 31%
- 10 Years
- 0%
- 5 Years
- 2%
- 3 Years
- 3%
- 1 Year
- 18%
- 10 Years
- 10%
- 5 Years
- 9%
- 3 Years
- 8%
- Last Year
- 9%
Veto Switchgears and Cables Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹89.36 cr, up 37.8% from ₹64.87 cr a year earlier. Net profit was ₹5.85 cr, up 70.6% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 74.28 | 75.71 | 89.18 | 64.87 | 88.77 | 94.22 | 139 | 89.36 |
| Expenses | 65.72 | 70.52 | 78.34 | 58.57 | 80.4 | 84.41 | 126 | 79.92 |
| Operating profit | 8.56 | 5.19 | 10.84 | 6.3 | 8.37 | 9.81 | 13.26 | 9.44 |
| OPM % | 11.52% | 6.86% | 12.16% | 9.71% | 9.43% | 10.41% | 9.55% | 10.56% |
| Other income | 0.15 | 1.45 | 0.52 | 0.35 | 0.85 | 0.55 | 0.19 | 0.53 |
| Interest | 0.04 | 0.5 | 0.71 | 0.63 | 0.37 | 0.47 | 0.51 | 0.74 |
| Depreciation | 0.66 | 0.93 | 0.84 | 1.09 | 1.02 | 1.13 | 1.09 | 1.01 |
| Profit before tax | 8.01 | 5.21 | 9.81 | 4.93 | 7.83 | 8.76 | 11.85 | 8.22 |
| Tax % | 25.47% | 30.33% | 25.18% | 30.22% | 22.48% | 28.42% | 25.74% | 28.83% |
| Net profit | 5.97 | 3.63 | 7.34 | 3.43 | 6.08 | 6.27 | 8.8 | 5.85 |
| EPS (₹) | 3.09 | 1.96 | 3.94 | 1.93 | 3.18 | 3.45 | 4.59 | 3.10 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Veto Switchgears and Cables Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 239 | 253 | 218 | 150 | 181 | 267 | 290 | 300 | 300 | 387 | 411 |
| Operating profit | 25 | 41 | 21 | 19 | 24 | 34 | 33 | 31 | 32 | 38 | 41 |
| OPM % | 11% | 16% | 10% | 13% | 13% | 13% | 11% | 10% | 11% | 10% | 10% |
| Net profit | 18 | 29 | 12 | 9 | 15 | 20 | 20 | 18 | 22 | 25 | 27 |
| EPS (₹) | 10.00 | 15.81 | 6.05 | 4.85 | 7.74 | 10.47 | 10.59 | 9.39 | 11.58 | 13.15 | 14.32 |
TTM is the trailing twelve months to the most recent quarter.
Veto Switchgears and Cables Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 18 | 18 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
| Reserves | 83 | 130 | 148 | 159 | 175 | 194 | 214 | 227 | 247 | 271 |
| Borrowings | 31 | 38 | 40 | 26 | 35 | 47 | 43 | 23 | 23 | 21 |
| Other liabilities | 13 | 16 | 13 | 16 | 45 | 49 | 45 | 37 | 69 | 87 |
| Total liabilities | 145 | 202 | 220 | 220 | 274 | 309 | 321 | 306 | 358 | 398 |
| Fixed assets | 20 | 23 | 30 | 40 | 44 | 43 | 40 | 41 | 51 | 49 |
| CWIP | 8 | 7 | 0 | 3 | 2 | 3 | 7 | 9 | 11 | 13 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 118 | 171 | 190 | 177 | 227 | 263 | 274 | 256 | 296 | 336 |
| Total assets | 145 | 202 | 220 | 220 | 274 | 309 | 321 | 306 | 358 | 398 |
As reported by the company. Total assets equal total liabilities by construction.
Veto Switchgears and Cables Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 20 | -25 | 11 | 31 | 7 | -8 | 18 | 28 | 15 | 10 |
| Cash from investing | -12 | 4 | -2 | -11 | -7 | 0 | -2 | -8 | -18 | -4 |
| Cash from financing | -21 | 21 | 3 | -19 | -3 | 4 | -10 | -27 | -3 | -5 |
| Net cash flow | -13 | 0 | 12 | 1 | -4 | -3 | 6 | -8 | -6 | 1 |
| Free cash flow | 14 | -29 | 9 | 18 | 4 | -9 | 13 | 22 | -5 | 6 |
| CFO / operating profit | 88% | -49% | 98% | 188% | 56% | 2% | 91% | 130% | 76% | 57% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Veto Switchgears and Cables Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 20% | 26% | 10% | 9% | 11% | 14% | 13% | 12% | 11% | 12% |
| Debtor days | 86 | 154 | 102 | 145 | 183 | 162 | 171 | 162 | 179 | 155 |
| Inventory days | 70 | 86 | 207 | 314 | 320 | 231 | 182 | 156 | 160 | 134 |
| Days payable | 15 | 15 | 17 | 34 | 92 | 65 | 52 | 40 | 48 | 46 |
| Cash conversion cycle | 140 | 225 | 292 | 425 | 411 | 328 | 300 | 278 | 291 | 243 |
| Working capital days | 93 | 164 | 198 | 282 | 279 | 225 | 229 | 231 | 242 | 207 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Veto Switchgears and Cables Ltd shareholding pattern
Promoters held 45.06% at Jun 2026, broadly unchanged since Jun 2025. FIIs 0.41%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% |
| FIIs | 0.09% | 0.01% | 0.42% | 0.53% | 0.00% | 0.01% | 0.01% | 0.41% |
| Public | 54.86% | 54.94% | 54.53% | 54.42% | 54.95% | 54.93% | 54.94% | 54.53% |
| No. of shareholders | 26,872 | 26,144 | 25,578 | 26,567 | 26,299 | 25,776 | 25,172 | 23,721 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Veto Switchgears and Cables Ltd corporate filings
- Veto Switchgears and Cables Limited Conducts Successful 19th AGM with 100% Approval on Key ResolutionsAGM/EGMhigh impact
Cruxal's analysis: Veto Switchgears and Cables Limited held its 19th AGM on 28th September 2026 via video…
Read the full analysis - Pursuant to the SEBI(Prohibition of Insider Trading) Regulations, 2015 and in term of the provisions of the " Code of Conduct" for the trading in Listing Securities of Veto Switchgears ....Insider Trading / SASTlow impact
- Veto Switchgears and Cables Ltd. concludes 19th Annual General Meeting; declares final dividend of INR 1 per shareAGM/EGMlow impact
Cruxal's analysis: Veto Switchgears and Cables Ltd. has successfully concluded its 19th Annual General…
Read the full analysis - Veto Switchgears and Cables Ltd publishes notice for 19th Annual General MeetingCompany Updatelow impact
Cruxal's analysis: Veto Switchgears and Cables Ltd has published newspaper advertisements in Mumbai…
Read the full analysis - Veto Switchgears and Cables Ltd publishes notice for 19th Annual General MeetingCompany Updatelow impact
Cruxal's analysis: Veto Switchgears and Cables Ltd has published a public notice in the Business Standard…
Read the full analysis - Veto Switchgears and Cables Limited announces e-voting schedule for 19th Annual General MeetingCompany Updatelow impact
Cruxal's analysis: Veto Switchgears and Cables Limited has issued a formal intimation regarding the e-voting…
Read the full analysis - Veto Switchgears and Cables Ltd. Announces Record Date of 21st September 2026 for Final Dividend of INR 1 per ShareCorp. Actionlow impact
Cruxal's analysis: Veto Switchgears and Cables Ltd. has formally notified the exchanges that 21st September…
Read the full analysis - Veto Switchgears and Cables Ltd announces book closure dates for September 2026Corp. Actionlow impact
Cruxal's analysis: Veto Switchgears and Cables Ltd has scheduled a book closure period from September 22…
Read the full analysis - Veto Switchgears and Cables Ltd releases 19th Annual Report and schedules AGM for September 28, 2026Otherslow impact
Cruxal's analysis: Veto Switchgears and Cables Ltd has filed its 19th Annual Report for the financial year…
Read the full analysis - Veto Switchgears and Cables Ltd. Announces 19th AGM, Final Dividend of INR 1 per share, and Executive Remuneration RevisionsAGM/EGMlow impact
Cruxal's analysis: Veto Switchgears and Cables Ltd. has scheduled its 19th Annual General Meeting for…
Read the full analysis - Veto Switchgears and Cables Ltd. Announces AGM Schedule and Executive Remuneration RevisionsOtherslow impact
Cruxal's analysis: Veto Switchgears and Cables Ltd. has scheduled its 19th Annual General Meeting for…
Read the full analysis - Veto Switchgears and Cables Ltd announces newspaper publication for upcoming AGMCompany Updatelow impact
Cruxal's analysis: Veto Switchgears and Cables Ltd has published a public notice in the Business Standard…
Read the full analysis - Veto Switchgears and Cables Ltd publishes Q1 FY2027 unaudited financial results in newspapersCompany Updatelow impact
Cruxal's analysis: Veto Switchgears and Cables Ltd has complied with Regulation 47 of SEBI (LODR) by…
Read the full analysis - Veto Switchgears and Cables reports strong Q1 FY27 growth with standalone net profit rising to 5.97 croreBoard Meetinghigh impact
Cruxal's analysis: Veto Switchgears and Cables Limited reported a robust performance for the quarter ended…
Read the full analysis - Veto Switchgears and Cables Ltd. schedules Board Meeting for Q1 FY2027 financial results on August 12, 2026Board Meetinglow impact
Cruxal's analysis: Veto Switchgears and Cables Ltd. has formally intimated the stock exchanges regarding a…
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