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 ₹ 254 Cr.
- Current Price ₹ 133
- High / Low ₹ 156 / 84.0
- Stock P/E 14.4
- Book Value ₹ 128
- Dividend Yield 0.75 %
- ROCE 13.1 %
- ROE 9.09 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.04 times its book value
Cons
- Company has a low return on equity of 8.99% over last 3 years.
- Company has high debtors of 174 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | 177 | 239 | 253 | 218 | 150 | 181 | 267 | 291 | 305 | |
58 | 63 | 84 | 82 | 151 | 214 | 212 | 197 | 131 | 158 | 233 | 257 | 272 | |
Operating Profit | 11 | 11 | 11 | 15 | 26 | 25 | 41 | 21 | 19 | 24 | 34 | 34 | 33 |
OPM % | 16% | 15% | 11% | 16% | 15% | 11% | 16% | 10% | 13% | 13% | 13% | 12% | 11% |
0 | 0 | 1 | 1 | -4 | 2 | 2 | 0 | 1 | 2 | 3 | 4 | 3 | |
Interest | 3 | 2 | 2 | 4 | 5 | 4 | 3 | 4 | 4 | 2 | 4 | 5 | 5 |
Depreciation | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 3 | 3 | 3 |
Profit before tax | 8 | 8 | 8 | 10 | 15 | 21 | 39 | 16 | 14 | 21 | 30 | 30 | 28 |
Tax % | 4% | 23% | 28% | 27% | 15% | 14% | 26% | 27% | 33% | 31% | 32% | 33% | |
7 | 6 | 6 | 7 | 13 | 18 | 29 | 12 | 9 | 15 | 20 | 20 | 18 | |
EPS in Rs | 3.21 | 3.32 | 3.90 | 7.14 | 10.00 | 15.81 | 6.05 | 4.85 | 7.74 | 10.47 | 10.59 | 9.22 | |
Dividend Payout % | 0% | 0% | 0% | 0% | 28% | 20% | 13% | 0% | 0% | 13% | 10% | 9% |
Compounded Sales Growth | |
---|---|
10 Years: | 15% |
5 Years: | 3% |
3 Years: | 25% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | -7% |
3 Years: | 30% |
TTM: | -23% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 1% |
1 Year: | 56% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 8% |
3 Years: | 9% |
Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 63 | 83 | 111 | 148 | 159 | 175 | 194 | 214 | 225 |
20 | 5 | 36 | 35 | 42 | 31 | 38 | 40 | 26 | 35 | 47 | 43 | 48 | |
9 | 9 | 11 | 14 | 19 | 13 | 35 | 13 | 16 | 45 | 49 | 45 | 48 | |
Total Liabilities | 56 | 73 | 112 | 121 | 142 | 145 | 202 | 220 | 220 | 274 | 309 | 321 | 340 |
10 | 10 | 21 | 22 | 21 | 20 | 23 | 30 | 40 | 44 | 43 | 40 | 39 | |
CWIP | 0 | 0 | 0 | 0 | 3 | 8 | 7 | 0 | 3 | 2 | 3 | 7 | 8 |
Investments | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
47 | 64 | 90 | 99 | 118 | 118 | 171 | 190 | 177 | 227 | 263 | 274 | 293 | |
Total Assets | 56 | 73 | 112 | 121 | 142 | 145 | 202 | 220 | 220 | 274 | 309 | 321 | 340 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3 | 0 | -2 | 21 | 20 | -25 | 11 | 31 | 7 | -8 | 18 | ||
-2 | -26 | 3 | -8 | -12 | 4 | -2 | -11 | -7 | 0 | -2 | ||
-2 | 29 | -5 | -0 | -21 | 21 | 3 | -19 | -3 | 4 | -10 | ||
Net Cash Flow | -0 | 4 | -4 | 14 | -13 | 0 | 12 | 1 | -4 | -3 | 6 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 86 | 86 | 154 | 102 | 145 | 183 | 162 | 174 |
Inventory Days | 137 | 174 | 138 | 141 | 100 | 70 | 86 | 207 | 314 | 320 | 231 | 182 |
Days Payable | 42 | 53 | 38 | 58 | 30 | 15 | 15 | 17 | 34 | 92 | 65 | 45 |
Cash Conversion Cycle | 204 | 220 | 216 | 208 | 156 | 140 | 225 | 292 | 425 | 411 | 328 | 310 |
Working Capital Days | 165 | 200 | 191 | 240 | 128 | 129 | 210 | 260 | 340 | 349 | 283 | 270 |
ROCE % | 23% | 18% | 13% | 13% | 21% | 20% | 28% | 11% | 9% | 11% | 14% | 13% |
Documents
Announcements
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Compliance: Compliance Certificate For The Year Ended 31St March 2024
1d - Compliance certificate of Veto Switchgears & Cables Limited for the quarter/ year ended 31st March 2024.
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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
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
from bse
Concalls
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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