Veto Switchgears And Cables Ltd - Stock Valuation and Financial Performance

BSE: 539331 | NSE: VETO | Electric Equipment | Small Cap

Veto Switchgears Share Price

126.85 -0.75 -0.59%
as on 19-Mar'24 12:13

DeciZen - make an informed investing decision on Veto Switchgears

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Veto Switchgears And Cables stock performance -

mw4me loader
P/E Ratio (CD):
13.86
Market Cap:
243.9 Cr.
52-wk low:
71.4
52-wk high:
156.4

Is Veto Switchgears And Cables Ltd an attractive stock to invest in?

1. Is Veto Switchgears And Cables Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Veto Switchgears And Cables Ltd is a average quality company.

2. Is Veto Switchgears And Cables Ltd undervalued or overvalued?

The key valuation ratios of Veto Switchgears And Cables Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Veto Switchgears And Cables Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Veto Switchgears And Cables Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Veto Switchgears:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Veto Switchgears And Cables Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.1%9.3%16.8%16.5%19.4%7.3%5.8%7.4%9.3%8.8%-
Value Creation
Index
-0.4-0.30.20.20.4-0.5-0.6-0.5-0.3-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 94.597.3177239253218150181267291305
Sales YoY Gr.-3%81.6%35.3%5.9%-13.7%-31.2%20.6%47.5%8.9%-
Adj EPS 3.33.88.89.915.86.14.97.710.410.69.2
YoY Gr.-14.8%131.5%12.1%59.7%-61.7%-19.8%59.4%34.9%1.5%-
BVPS (₹) 35.839.644.152.967.887.593101.4111.2121.8130.4
Adj Net
Profit
6.1716.218.128.911.69.314.82020.318
Cash Flow from Ops. 0.4-2.121.519.6-251130.97.1-7.918-
Debt/CF from Ops. 94.9-16.821.6-1.53.70.85-5.82.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.3%2.8%24.7%8.9%
Adj EPS 13.8%-7.7%29.7%1.5%
BVPS14.6%12.5%9.4%9.5%
Share Price - 13.3% 0.4% 49.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
9.710.121.119.923.27.35.489.89.17.3
Op. Profit
Mgn %
11.415.714.810.716.39.612.61312.711.610.8
Net Profit
Mgn %
6.47.29.17.611.45.36.28.27.575.8
Debt to
Equity
0.60.50.50.30.30.20.10.20.20.2-
Working Cap
Days
253325205159195283403374317318162
Cash Conv.
Cycle
162177115115163248348307252257118

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 24.67%

Net Profit is growing at healthy rate in last 3 years 29.73%

Return on Equity has declined versus last 3 years average to 7.30%

Sales growth is not so good in last 4 quarters at 6.97%

Latest Financials - Veto Switchgears And Cables Ltd.

Standalone Consolidated
TTM EPS (₹) 12 9.2
TTM Sales (₹ Cr.) 208 305
BVPS (₹.) 117.1 130.4
Reserves (₹ Cr.) 205 230
P/BV 1.09 0.98
PE 10.68 13.86
From the Market
52 Week Low / High (₹) 71.40 / 156.35
All Time Low / High (₹) 25.75 / 265.00
Market Cap (₹ Cr.) 244
Equity (₹ Cr.) 19.1
Face Value (₹) 10
Industry PE 77.1

Management X-Ray of Veto Switchgears:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Veto Switchgears

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales9497177239253218150181267291
Operating Expenses 8482151214212197131158233257
Manufacturing Costs5565465656
Material Costs6864128190190173105128193211
Employee Cost 567129911121518
Other Costs 569791011122023
Operating Profit 11152625412119243434
Operating Profit Margin (%) 11.4%15.6%14.6%10.6%16.3%9.6%12.6%13.0%12.7%11.5%
Other Income 1102201134
Interest 2454344245
Depreciation 1222212233
Exceptional Items 00-40000000
Profit Before Tax 8101521391614213030
Tax 2323104571010
Profit After Tax 67131829129152020
PAT Margin (%) 6.4%7.3%7.4%7.7%11.4%5.3%6.2%8.2%7.6%7.0%
Adjusted EPS (₹)3.33.97.110.015.86.14.97.710.510.6
Dividend Payout Ratio (%)0%0%28%20%13%0%0%13%10%9%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 66738197124167178194213233
Share Capital 18181818181919191919
Reserves 47546379106148159175194214
Minority Interest0000000111
Debt35354029353824354643
Long Term Debt66653100410
Short Term Debt29283423323724354232
Trade Payables7101198810323426
Others Liabilities 431093256101316
Total Liabilities 112121141143199218218271306318

Fixed Assets

Gross Block28303131363041484949
Accumulated Depreciation681012131416182022
Net Fixed Assets21222120231625302927
CWIP 0038703237
Investments 110001514000
Inventories26253539459890112122105
Trade Receivables30334256107615991119139
Cash Equivalents 13215103151613915
Others Assets21382511141310242426
Total Assets 112121141143199218218271306318

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0-22120-2511317-818
PBT 8101521391614213030
Adjustment 3679495488
Changes in Working Capital -9-162-9-63-516-11-37-8
Tax Paid -2-2-3-3-5-10-4-6-8-12
Cash Flow From Investing Activity -263-8-114-2-13-70-4
Capex -13-2-1-6-4-2-13-3-1-5
Net Investments -110-6700000
Others -125-71101-411
Cash Flow From Financing Activity 29-50-21213-19-34-10
Net Proceeds from Shares 0000040000
Net Proceeds from Borrowing 000-1-2-3-2-137
Interest Paid -2-4-5-4-3-4-4-2-4-5
Dividend Paid 00-1-5-2000-2-2
Others 31-15-10285-14-17-10
Net Cash Flow 4-414-12012-1-4-44
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)9.7410.3417.0520.6126.27.945.387.999.949.18
ROCE (%)12.6913.1317.2819.9126.1810.098.610.7713.8613.18
Asset Turnover Ratio1.020.831.351.681.481.050.690.740.930.93
PAT to CFO Conversion(x)0-0.291.621.11-0.860.923.440.47-0.40.9
Working Capital Days
Receivable Days971197875117140146151143161
Inventory Days9795625760119229204160142
Payable Days39503019161731606352

Veto Switchgears And Cables Ltd Stock News

Veto Switchgears And Cables Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Veto Switchgears on 19-Mar-2024 12:13 is ₹126.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 19-Mar-2024 12:13 the market cap of Veto Switchgears stood at ₹243.9.
The latest P/E ratio of Veto Switchgears as of 19-Mar-2024 12:13 is 10.68.
The latest P/B ratio of Veto Switchgears as of 19-Mar-2024 12:13 is 1.09.
The 52-week high of Veto Switchgears is ₹156.3 and the 52-week low is ₹71.40.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Veto Switchgears is ₹207.8 ( Cr.) .

About Veto Switchgears And Cables Ltd

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