Veto Switchgears And Cables Ltd - Stock Valuation and Financial Performance

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

Veto Switchgears Share Price

132.50 -3.15 -2.32%
as on 13-Nov'24 11:42

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

Somewhat Undervalued

3. Price Trend

Veto Switchgears And Cables stock performance -

mw4me loader
P/E Ratio (CD):
14.98
Market Cap:
265.5 Cr.
52-wk low:
106.1
52-wk high:
196

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 Somewhat Undervalued zone.

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

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Veto Switchgears And Cables Ltd is likely to Fall 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 13.1%17.3%19.9%26.2%10.1%8.6%10.8%13.9%13.2%12.1%-
Value Creation
Index
-0.10.20.40.9-0.3-0.4-0.20.0-0.1-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 97.3177239253218150181267290300294
Sales YoY Gr.-81.6%35.3%5.9%-13.7%-31.2%20.6%47.5%8.6%3.4%-
Adj EPS 3.88.89.915.86.14.97.710.410.38.49.3
YoY Gr.-131.5%12.1%59.7%-61.7%-19.8%59.4%34.9%-1.6%-18.2%-
BVPS (₹) 39.644.152.967.887.593101.4111.2121.8128.8131.4
Adj Net
Profit
716.218.128.911.69.314.82019.61618
Cash Flow from Ops. -2.121.519.6-251130.97.1-7.91827-
Debt/CF from Ops. -16.821.6-1.53.70.85-5.82.40.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.3%6.6%18.3%3.4%
Adj EPS 9.2%6.8%2.8%-18.2%
BVPS14%8%8.3%5.8%
Share Price - 22% 5.4% 13.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
10.121.119.923.27.35.489.88.86.77.1
Op. Profit
Mgn %
15.714.810.716.39.612.61312.711.310.310.3
Net Profit
Mgn %
7.29.17.611.45.36.28.27.56.85.46
Debt to
Equity
0.50.50.30.30.20.10.20.20.20.1-
Working Cap
Days
325205159195283403374317319304161
Cash Conv.
Cycle
177115115163248348307252253245122

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 18.31%

Return on Equity has declined versus last 3 years average to 7.10%

Net Profit has been subdued in last 3 years 2.77%

Sales growth is not so good in last 4 quarters at -1.19%

Latest Financials - Veto Switchgears And Cables Ltd.

Standalone Consolidated
TTM EPS (₹) 16.3 9.3
TTM Sales (₹ Cr.) 210 294
BVPS (₹.) 127.4 131.4
Reserves (₹ Cr.) 224 232
P/BV 1.09 1.06
PE 8.53 14.98
From the Market
52 Week Low / High (₹) 106.05 / 196.00
All Time Low / High (₹) 25.75 / 265.00
Market Cap (₹ Cr.) 266
Equity (₹ Cr.) 19.1
Face Value (₹) 10
Industry PE 91

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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales97177239253218150181267290300
Operating Expenses 82151214212197131158233257269
Manufacturing Costs5654656567
Material Costs64128190190173105128193211221
Employee Cost 6712991112151817
Other Costs 6979101112202324
Operating Profit 15262541211924343331
Operating Profit Margin (%) 15.6%14.6%10.6%16.3%9.6%12.6%13.0%12.7%11.3%10.3%
Other Income 1022011355
Interest 4543442454
Depreciation 2222122333
Exceptional Items 0-400000000
Profit Before Tax 10152139161421303029
Tax 32310457101011
Profit After Tax 713182912915202018
PAT Margin (%) 7.3%7.4%7.7%11.4%5.3%6.2%8.2%7.6%7.0%6.0%
Adjusted EPS (₹)3.97.110.015.86.14.97.710.510.69.4
Dividend Payout Ratio (%)0%28%20%13%0%0%13%10%9%11%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 738197124167178194213233246
Share Capital 18181818191919191919
Reserves 546379106148159175194214227
Minority Interest0000001111
Debt35402935382435464311
Long Term Debt66531004102
Short Term Debt2834233237243542329
Trade Payables10119881032343024
Others Liabilities 3109325610131119
Total Liabilities 121141143199218218271306318302

Fixed Assets

Gross Block30313136304148494950
Accumulated Depreciation8101213141618202223
Net Fixed Assets22212023162530292728
CWIP 0387032379
Investments 1000000000
Inventories25353945989011212210594
Trade Receivables334256107615991119136133
Cash Equivalents 2151031516139158
Others Assets38251114282424242830
Total Assets 121141143199218218271306318302

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -22120-2511317-81827
PBT 10152139161421303029
Adjustment 6794954876
Changes in Working Capital -162-9-63-516-11-37-84
Tax Paid -2-3-3-5-10-4-6-8-12-12
Cash Flow From Investing Activity 3-8-114-2-13-70-4-6
Capex -2-1-6-4-2-13-3-1-5-6
Net Investments 10-67000000
Others 5-71101-4110
Cash Flow From Financing Activity -50-21213-19-34-10-27
Net Proceeds from Shares 0000400000
Net Proceeds from Borrowing 00-1-2-3-2-13-8-25
Interest Paid -4-5-4-3-4-4-2-400
Dividend Paid 0-1-5-2000-2-2-2
Others -15-10285-14-1700
Net Cash Flow -414-12012-1-4-44-6
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)10.3417.0520.6126.27.945.387.999.949.187.54
ROCE (%)13.1317.2819.9126.1810.098.610.7713.8613.1812.09
Asset Turnover Ratio0.841.351.681.481.050.690.740.930.930.97
PAT to CFO Conversion(x)-0.291.621.11-0.860.923.440.47-0.40.91.5
Working Capital Days
Receivable Days1197875117140146151143160164
Inventory Days95625760119229204160143121
Payable Days50301916173160635645

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 13-Nov-2024 11:42 is ₹132.5.
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 13-Nov-2024 11:42 the market cap of Veto Switchgears stood at ₹265.5.
The latest P/E ratio of Veto Switchgears as of 13-Nov-2024 11:42 is 8.53.
The latest P/B ratio of Veto Switchgears as of 13-Nov-2024 11:42 is 1.09.
The 52-week high of Veto Switchgears is ₹196.0 and the 52-week low is ₹106.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Veto Switchgears is ₹209.7 ( Cr.) .

About Veto Switchgears And Cables Ltd

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