Veto Switchgears & Cables Ltd
Incorporated in 2007, Veto Switchgears
& Cables Ltd manufactures wires & cables, electrical accessories & also deals in LED
lighting, CFL & Fans[1]
- Market Cap ₹ 259 Cr.
- Current Price ₹ 135
- High / Low ₹ 156 / 84.0
- Stock P/E 11.3
- Book Value ₹ 115
- Dividend Yield 0.74 %
- ROCE 15.0 %
- ROE 11.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 1.18 times its book value
Cons
- Company has a low return on equity of 11.4% over last 3 years.
- Earnings include an other income of Rs.12.3 Cr.
- Company has high debtors of 164 days.
- Promoter holding has decreased over last 3 years: -10.7%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
69 | 74 | 94 | 97 | 112 | 120 | 123 | 109 | 121 | 153 | 174 | 196 | 208 | |
58 | 63 | 84 | 82 | 92 | 105 | 95 | 97 | 105 | 129 | 147 | 172 | 183 | |
Operating Profit | 11 | 11 | 11 | 15 | 20 | 16 | 28 | 12 | 16 | 23 | 26 | 24 | 25 |
OPM % | 16% | 15% | 11% | 16% | 18% | 13% | 23% | 11% | 13% | 15% | 15% | 12% | 12% |
0 | 0 | 1 | 1 | -3 | 5 | 6 | 6 | 6 | 3 | 10 | 13 | 12 | |
Interest | 3 | 2 | 2 | 4 | 5 | 4 | 3 | 4 | 4 | 2 | 3 | 4 | 3 |
Depreciation | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 1 | 2 | 2 | 3 | 2 | 2 |
Profit before tax | 8 | 8 | 8 | 10 | 10 | 15 | 30 | 14 | 16 | 22 | 31 | 31 | 32 |
Tax % | 4% | 23% | 28% | 27% | 23% | 20% | 33% | 31% | 30% | 28% | 26% | 27% | |
7 | 6 | 6 | 7 | 8 | 12 | 20 | 9 | 11 | 16 | 23 | 23 | 23 | |
EPS in Rs | 3.21 | 3.32 | 3.90 | 4.18 | 6.70 | 10.93 | 4.88 | 5.79 | 8.43 | 11.83 | 11.95 | 11.94 | |
Dividend Payout % | -0% | -0% | -0% | -0% | 48% | 30% | 18% | -0% | -0% | 12% | 8% | 8% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 10% |
3 Years: | 18% |
TTM: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 3% |
3 Years: | 27% |
TTM: | 32% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 2% |
1 Year: | 59% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 10% |
3 Years: | 11% |
Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 5 | 17 | 18 | 18 | 18 | 18 | 18 | 19 | 19 | 19 | 19 | 19 | 19 |
Reserves | 22 | 43 | 47 | 54 | 57 | 72 | 91 | 122 | 133 | 150 | 170 | 191 | 200 |
20 | 5 | 36 | 35 | 42 | 31 | 38 | 40 | 26 | 34 | 38 | 28 | 28 | |
9 | 9 | 11 | 14 | 18 | 13 | 34 | 12 | 15 | 22 | 23 | 24 | 27 | |
Total Liabilities | 56 | 73 | 112 | 121 | 136 | 134 | 180 | 193 | 194 | 224 | 251 | 262 | 275 |
8 | 8 | 20 | 20 | 19 | 18 | 18 | 25 | 26 | 27 | 26 | 24 | 23 | |
CWIP | -0 | -0 | -0 | 0 | 2 | 5 | 7 | 0 | 2 | -0 | -0 | -0 | -0 |
Investments | 0 | 0 | 1 | 1 | 2 | 2 | 2 | 2 | 13 | 39 | 39 | 39 | 39 |
49 | 65 | 91 | 101 | 113 | 109 | 153 | 166 | 153 | 158 | 186 | 199 | 212 | |
Total Assets | 56 | 73 | 112 | 121 | 136 | 134 | 180 | 193 | 194 | 224 | 251 | 262 | 275 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4 | 0 | 0 | -2 | 19 | 22 | -1 | 2 | 11 | 3 | 1 | 5 | |
-2 | -9 | -26 | 3 | -18 | -1 | -20 | 5 | 2 | -14 | 0 | 12 | |
-2 | 9 | 29 | -5 | -0 | -21 | 21 | 3 | -19 | 7 | -3 | -16 | |
Net Cash Flow | -0 | -0 | 4 | -4 | 0 | -0 | 0 | 10 | -6 | -4 | -1 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 109 | 99 | 117 | 125 | 131 | 128 | 160 | 155 | 148 | 149 | 156 | 164 |
Inventory Days | 137 | 174 | 138 | 141 | 175 | 149 | 206 | 288 | 265 | 230 | 214 | 176 |
Days Payable | 42 | 53 | 38 | 58 | 53 | 36 | 34 | 38 | 42 | 45 | 30 | 35 |
Cash Conversion Cycle | 204 | 220 | 216 | 208 | 253 | 241 | 331 | 405 | 372 | 334 | 340 | 306 |
Working Capital Days | 165 | 200 | 191 | 240 | 178 | 196 | 263 | 317 | 292 | 279 | 281 | 267 |
ROCE % | 23% | 18% | 13% | 13% | 17% | 16% | 24% | 11% | 11% | 13% | 16% | 15% |
Documents
Announcements
-
Compliance: Compliance Certificate For The Year Ended 31St March 2024
15h - Compliance certificate of Veto Switchgears & Cables Limited for the quarter/ year ended 31st March 2024.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Dear Sir/Mam Please find enclosed herewith the confirmation certificate received from M/s Bigshare Services Private Limited, Registrar and share transfer agent (RTA) as per Regulation …
- Shareholder Meeting / Postal Ballot-Outcome of AGM 8 Apr
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 8 Apr
- Closure of Trading Window 29 Mar
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
Concalls
-
Feb 2021TranscriptNotesPPT
Business Overview:[1]
VSCL is a flagship company of Gurnani Group. It is ISO 9001:2008 Certified, the first company to produce ISI-mark electrical accessories in India, and manufactures all types of cables and housing wires. It sells products under the brand name of Veto and Vimal Power