Veto Switchgears & Cables Ltd

  • Market Cap: 87.83 Cr.
  • Current Price: 45.95
  • 52 weeks High / Low 77.90 / 25.75
  • Book Value: 93.00
  • Stock P/E: 9.45
  • Dividend Yield: 0.00 %
  • ROCE: 10.60 %
  • ROE: 7.80 %
  • Sales Growth (3Yrs): 7.29 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Company has reduced debt.
Company is virtually debt free.
Stock is trading at 0.49 times its book value
Cons:
Dividend payout has been low at 10.89% of profits over last 3 years

Peer comparison Sector: Capital Goods - Electrical Equipment // Industry: Electric Equipment

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
48.80 63.65 70.23 70.39 57.36 57.71 56.30 46.92 35.62 37.01 38.71 38.87
41.10 51.64 59.60 59.45 48.23 53.81 53.02 42.28 31.57 32.55 32.48 34.90
Operating Profit 7.70 12.01 10.63 10.94 9.13 3.90 3.28 4.64 4.05 4.46 6.23 3.97
OPM % 15.78% 18.87% 15.14% 15.54% 15.92% 6.76% 5.83% 9.89% 11.37% 12.05% 16.09% 10.21%
Other Income 0.32 0.15 0.41 0.77 1.39 0.17 0.06 0.11 0.02 0.26 0.24 0.16
Interest 0.78 0.36 0.67 0.94 0.86 0.94 0.94 1.15 1.04 1.05 0.89 0.71
Depreciation 0.37 0.41 0.40 0.41 0.33 0.34 0.34 0.45 0.41 0.40 0.46 0.52
Profit before tax 6.87 11.39 9.97 10.36 9.33 2.79 2.06 3.15 2.62 3.27 5.12 2.90
Tax % 12.81% 31.61% 22.37% 31.37% 16.29% 3.58% 35.44% 64.76% 37.79% 29.36% 29.69% 40.69%
Net Profit 5.99 7.79 7.75 7.11 7.81 2.69 1.33 1.11 1.64 2.31 3.61 1.73
EPS in Rs 3.27 4.25 4.23 3.88 3.39 1.42 0.70 0.58 0.86 1.21 1.89 0.90
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
47 53 69 74 94 97 177 239 253 218 150
41 46 58 63 84 82 151 214 212 197 132
Operating Profit 6 7 11 11 11 15 26 25 41 21 19
OPM % 12% 13% 16% 15% 11% 16% 15% 11% 16% 10% 12%
Other Income 0 0 0 0 1 1 -4 2 2 0 1
Interest 1 1 3 2 2 4 5 4 3 4 4
Depreciation 1 1 1 1 1 2 2 2 2 1 2
Profit before tax 4 5 8 8 8 10 15 21 39 16 14
Tax % -6% 1% 4% 23% 28% 27% 15% 14% 26% 27%
Net Profit 4 5 7 6 6 7 13 18 29 12 9
EPS in Rs 3.21 3.32 3.90 6.74 10.00 15.81 6.05 4.86
Dividend Payout % 0% 0% 0% 0% 0% 0% 28% 20% 13% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:18.23%
3 Years:7.29%
TTM:-31.19%
Compounded Profit Growth
10 Years:%
5 Years:13.73%
3 Years:-12.67%
TTM:-28.21%
Stock Price CAGR
10 Years:%
5 Years:-12.13%
3 Years:-40.29%
1 Year:-33.02%
Return on Equity
10 Years:%
5 Years:16.59%
3 Years:16.57%
Last Year:7.80%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
5 5 5 17 18 18 18 18 18 19 19
Reserves 9 14 22 43 47 54 63 83 111 148 159
Borrowings 24 20 20 5 36 35 42 31 38 40 25
5 6 9 9 11 14 19 13 35 13 17
Total Liabilities 43 46 56 73 112 121 142 145 202 220 220
9 9 10 10 21 22 21 20 23 30 40
CWIP 0 0 0 0 0 0 3 8 7 0 3
Investments 0 0 0 0 1 0 0 0 0 0 0
34 37 47 64 90 99 118 118 171 190 177
Total Assets 43 46 56 73 112 121 142 145 202 220 220

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
1 6 3 0 -2 21 20 -25 8
-3 -1 -2 -26 3 -8 -12 4 1
2 -4 -2 29 -5 -0 -21 21 3
Net Cash Flow -0 0 -0 4 -4 14 -13 0 12

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 16% 23% 19% 13% 13% 21% 20% 28% 11%
Debtor Days 96 109 109 99 117 125 86 86 154 102
Inventory Turnover 2.76 3.00 2.46 2.76 2.58 4.29 5.53 4.56 2.43

Shareholding pattern in percentages

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
55.05 48.66 45.94 45.94 47.55 47.55 50.07 50.07 54.22 54.22 54.22 54.22
5.93 8.07 5.13 6.88 5.93 6.00 5.29 5.31 1.46 2.90 3.24 4.12
0.20 0.27 0.27 0.28 0.29 0.70 0.77 0.04 0.01 0.00 0.06 0.01
38.82 42.99 48.66 46.91 46.23 45.75 43.87 44.58 44.31 42.88 42.49 41.66