VETO SWITCHGEAR CABLE LTD (VETO) financials

VETO SWITCHGEAR CABLE LTD (VETO) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 2007, Veto Switchgears& Cables Ltd manufactures wires & cables, electrical accessories & also deals in LEDlighting, CFL & Fans[1]

Market Cap: ₹248Cr.
Current Price: ₹128
Stock P/E: 9.52
ROE: 8.63%
ROCE: 11.5%
Book Value: ₹147
Dividend Yield: 0.78%
52W High / Low: ₹158/82.3

In Jun 2026, VETO SWITCHGEAR CABLE LTD (VETO) reported sales ₹58.06 Cr and net profit ₹5.97 Cr.

Annual TTM: sales ₹261 Cr, net profit ₹26 Cr.

Shareholding: Promoters 45.06% (Sep 2026), FIIs 0.66% (Sep 2026), Public 54.28% (Sep 2026), No. of Shareholders 22,871% (Sep 2026).

VETO quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	52.98	54.12	67.19	43.24	58.13	70.37	74.79	58.06
Expenses	46.48	50.28	57.88	38.69	51.90	62.31	64.66	50.90
Operating Profit	6.50	3.84	9.31	4.55	6.23	8.06	10.13	7.16
OPM %	12.27%	7.10%	13.86%	10.52%	10.72%	11.45%	13.54%	12.33%
Other Income	1.35	2.35	1.67	1.58	2.25	1.85	1.77	2.18
Interest	0.06	0.33	0.60	0.46	0.28	0.35	0.35	0.46
Depreciation	0.55	0.72	0.64	0.76	0.87	0.88	0.84	0.79
Profit before tax	7.24	5.14	9.74	4.91	7.33	8.68	10.71	8.09
Tax %	25.14%	25.29%	18.48%	24.24%	22.24%	26.04%	25.40%	26.21%
Net Profit	5.42	3.84	7.95	3.72	5.69	6.42	8.00	5.97
EPS in Rs	2.84	2.01	4.16	1.95	2.98	3.36	4.19	3.12
Raw PDF	—	—	—	—	—	—	—	—

VETO profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	121	153	174	196	210	216	247	261
Expenses	105	129	147	172	185	191	218	230
Operating Profit	16	23	26	24	24	25	29	32
OPM %	13%	15%	15%	12%	12%	12%	12%	12%
Other Income	6	3	10	13	21	7	7	8
Interest	4	2	3	4	3	1	1	1
Depreciation	2	2	3	2	2	2	3	3
Profit before tax	16	22	31	31	40	28	32	35
Tax %	30%	28%	26%	27%	24%	23%	25%	—
Net Profit	11	16	23	23	30	22	24	26
EPS in Rs	5.79	8.43	11.83	11.95	15.95	11.26	12.47	13.65
Dividend Payout %	0%	12%	8%	8%	6%	9%	8%	—

VETO balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	19	19	19	19	19	19	19	19
Reserves	122	133	150	170	191	220	240	262
Borrowings	40	26	34	38	28	13	17	12
Other Liabilities	12	15	22	23	23	21	51	68
Total Liabilities	193	194	224	251	261	274	327	361
Fixed Assets	25	26	27	26	24	25	31	30
CWIP	0	2	0	0	0	0	0	0
Investments	2	13	39	39	39	27	27	27
Other Assets	166	153	158	186	198	222	268	304
Total Assets	193	194	224	251	261	274	327	361

VETO cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	2	11	3	1	5	6	16	24
Cash from Investing Activity	5	2	-14	0	12	17	-23	-16
Cash from Financing Activity	3	-19	7	-3	-16	-19	1	-8
Net Cash Flow	10	-6	-4	-1	1	3	-7	0
Free Cash Flow	1	8	3	1	4	3	7	23
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	97%	99%	38%	32%	61%	69%	93%	115%

VETO shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	45.06%	45.06%	45.06%	45.06%	45.06%	45.06%	45.06%	45.06%
FIIs	0.01%	0.42%	0.53%	0.00%	0.01%	0.01%	0.41%	0.66%
Public	54.94%	54.53%	54.42%	54.95%	54.93%	54.94%	54.53%	54.28%
No. of Shareholders	26,144	25,578	26,567	26,299	25,776	25,172	23,721	22,871

VETO key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	155	148	149	156	159	161	167	152
Inventory Days	288	265	230	214	176	169	165	143
Days Payable	38	42	45	30	33	30	39	46
Cash Conversion Cycle	405	372	334	340	302	300	293	250
Working Capital Days	193	219	198	209	235	252	242	213
ROCE %	10%	11%	13%	16%	15%	17%	11%	11%

VETOUpdated 21 Oct 2026, 19:20

Veto Switchgear Cable Ltd

VETOUpdated 21 Oct 2026, 19:20

Market Cap

₹248Cr.

Current Price

₹128

High / Low

₹158/82.3

Stock P/E

9.52

ROE8.63%

ROCE11.5%

Book Value₹147

Face Value₹10.0

Dividend Yield0.78%

About

Incorporated in 2007, Veto Switchgears& Cables Ltd manufactures wires & cables, electrical accessories & also deals in LEDlighting, CFL & Fans[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	41.63	0.69	36.31	0.84	0.61	4.86	24.49	3.66	1.91
Sep 2023	51.31	0.97	43.79	1.11	0.55	7.11	25.6	5.29	2.77
Dec 2023	54.96	0.44	48.27	0.88	0.64	6.49	35.13	4.2	2.2
Mar 2024	61.66	0.49	56.83	17.77	0.33	21.78	20.48	17.32	9.06
Jun 2024	41.74	0.26	36.49	1.25	0.52	5.72	24.65	4.31	2.25
Sep 2024	52.98	0.06	46.48	1.35	0.55	7.24	25.14	5.42	2.84
Dec 2024	54.12	0.33	50.28	2.35	0.72	5.14	25.29	3.84	2.01
Mar 2025	67.19	0.6	57.88	1.67	0.64	9.74	18.48	7.95	4.16
Jun 2025	43.24	0.46	38.69	1.58	0.76	4.91	24.24	3.72	1.95
Sep 2025	58.13	0.28	51.9	2.25	0.87	7.33	22.24	5.69	2.98
Dec 2025	70.37	0.35	62.31	1.85	0.88	8.68	26.04	6.42	3.36
Mar 2026	74.79	0.35	64.66	1.77	0.84	10.71	25.4	8	4.19
Jun 2026	58.06	0.46	50.9	2.18	0.79	8.09	26.21	5.97	3.12

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	97	4	82	1	2	10	27	7	3.9
Mar 2016	112	5	92	-3	2	10	23	8	4.18
Mar 2017	120	4	105	5	2	15	20	12	6.7
Mar 2018	123	3	95	6	1	30	33	20	10.93
Mar 2019	109	4	97	6	1	14	31	9	4.88
Mar 2020	121	4	105	6	2	16	30	11	5.79
Mar 2021	153	2	129	3	2	22	28	16	8.43
Mar 2022	174	3	147	10	3	31	26	23	11.83
Mar 2023	196	4	172	13	2	31	27	23	11.95
Mar 2024	210	3	185	21	2	40	24	30	15.95
Mar 2025	216	1	191	7	2	28	23	22	11.26
Mar 2026	247	1	218	7	3	32	25	24	12.47
TTM	261	1	230	8	3	35	—	26	13.65

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	45.06%
FIIs	0.66%
Public	54.28%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	45.06%	0%	—	54.93%
Mar 2024	45.06%	0.01%	—	54.94%
Jun 2024	45.06%	0%	—	54.94%
Sep 2024	45.06%	0.09%	—	54.86%
Dec 2024	45.06%	0.01%	—	54.94%
Mar 2025	45.06%	0.42%	—	54.53%
Jun 2025	45.06%	0.53%	—	54.42%
Sep 2025	45.06%	0%	—	54.95%
Dec 2025	45.06%	0.01%	—	54.93%
Mar 2026	45.06%	0.01%	—	54.94%
Jun 2026	45.06%	0.41%	—	54.53%
Sep 2026	45.06%	0.66%	—	54.28%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	18	54	35	14	121	20	0	1	101	121
Mar 2016	18	57	42	18	136	19	2	2	113	136
Mar 2017	18	72	31	13	134	18	5	2	109	134
Mar 2018	18	110	38	14	180	18	7	2	153	180
Mar 2019	19	122	40	12	193	25	0	2	166	193
Mar 2020	19	133	26	15	194	26	2	13	153	194
Mar 2021	19	150	34	22	224	27	0	39	158	224
Mar 2022	19	170	38	23	251	26	0	39	186	251
Mar 2023	19	191	28	23	261	24	0	39	198	261
Mar 2024	19	220	13	21	274	25	0	27	222	274
Mar 2025	19	240	17	51	327	31	0	27	268	327
Mar 2026	19	262	12	68	361	30	0	27	304	361

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	-2	3	-5	-4
Mar 2016	19	-18	0	0
Mar 2017	22	-1	-21	0
Mar 2018	-1	-20	21	0
Mar 2019	2	5	3	10
Mar 2020	11	2	-19	-6
Mar 2021	3	-14	7	-4
Mar 2022	1	0	-3	-1
Mar 2023	5	12	-16	1
Mar 2024	6	17	-19	3
Mar 2025	16	-23	1	-7
Mar 2026	24	-16	-8	0

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	125	131	128	160	155	148	149	156	159	161	167	152
Inventory Days	141	175	149	206	288	265	230	214	176	169	165	143
Days Payable	58	53	36	34	38	42	45	30	33	30	39	46
Cash Conversion Cycle	208	253	241	331	405	372	334	340	302	300	293	250
Working Capital Days	133	67	125	168	193	219	198	209	235	252	242	213
ROCE %	13%	17%	16%	23%	10%	11%	13%	16%	15%	17%	11%	11%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of VETO SWITCHGEAR CABLE LTD (VETO)?

The reported market capitalisation for VETO SWITCHGEAR CABLE LTD (VETO) is ₹248Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of VETO?

The current price shown for VETO SWITCHGEAR CABLE LTD (VETO) on Fincrux is ₹128 with a 52-week high/low of ₹158/82.3.

What is the P/E ratio of VETO SWITCHGEAR CABLE LTD (VETO)?

The stock P/E for VETO SWITCHGEAR CABLE LTD (VETO) is 9.52 on Fincrux, with ROE at 8.63% and ROCE at 11.5%.

What were VETO latest quarterly results?

For Jun 2026, VETO SWITCHGEAR CABLE LTD (VETO) reported sales ₹58.06 Cr and net profit ₹5.97 Cr (figures in ₹ crore unless noted).

What are VETO annual sales and net profit?

For TTM, VETO SWITCHGEAR CABLE LTD (VETO) shows sales of ₹261 Cr and net profit of ₹26 Cr on the Fincrux profit & loss statement.

Who owns VETO SWITCHGEAR CABLE LTD (VETO)?

Latest shareholding for VETO SWITCHGEAR CABLE LTD (VETO) on Fincrux: Promoters 45.06% (Sep 2026), FIIs 0.66% (Sep 2026), Public 54.28% (Sep 2026), No. of Shareholders 22,871% (Sep 2026).

Where can I find VETO SWITCHGEAR CABLE LTD (VETO) financials?

VETO SWITCHGEAR CABLE LTD (VETO) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show VETO balance sheet and cash flow?

Yes. The VETO SWITCHGEAR CABLE LTD (VETO) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 21 October 2026 at 19:20