About
Veto Switchgears and Cables Limited, together with its subsidiaries, engages in the manufacture and sale of wires and cables, and electrical accessories in India and internationally. It operates through Wire and Cables, Lighting & Fittings, and Accessories & Others segments. The company offers modular switches; LED lightning, including slim LED panel, concealed light, deep light, spotlight, flood light, streetlight, strip light, rope light, LED bulb, LED tube light, wall and track light, and surface panel; and wire and cables, comprising Vimal multi strand cables, Veto multistrand cables, and Vimal flexible wire. It also provides fans, such as ceiling, wall, pedestal, and table fans; MCB and distribution board, which includes circuit breaker, distribution panels, isolator, and AC box. In addition, the company offers bells and extension cords, which comprise ding dong, stereo, and multi tune bells, as well as extension cords. The company markets its products under the VETO and VIMAL POWER brand names through a network of dealers and distributors. Veto Switchgears and Cables Limited was founded in 1967 and is based in Jaipur, India.
Key Metrics
as of Sep 2026Market Cap240 Cr
P/E8.76
Div Yield0.80 %
Book Value₹152.00
52w High₹154.00
52w Low₹82.30
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 58.06 | 74.79 | 70.37 | 58.13 | 43.24 | 67.19 | 54.12 | 52.98 | 41.74 | 61.66 | 54.96 | 51.31 | 41.63 |
| Expenses | 50.90 | 64.66 | 62.31 | 51.90 | 38.69 | 57.88 | 50.28 | 46.48 | 36.49 | 56.83 | 48.27 | 43.79 | 36.31 |
| Operating Profit | 7.16 | 10.13 | 8.06 | 6.23 | 4.55 | 9.31 | 3.84 | 6.50 | 5.25 | 4.83 | 6.69 | 7.52 | 5.32 |
| OPM % | 12.33 | 13.54 | 11.45 | 10.72 | 10.52 | 13.86 | 7.10 | 12.27 | 12.58 | 7.83 | 12.17 | 14.66 | 12.78 |
| Other Income | 2.18 | 1.77 | 1.85 | 2.25 | 1.58 | 1.67 | 2.35 | 1.35 | 1.25 | 17.77 | 0.88 | 1.11 | 0.84 |
| Depreciation | 0.79 | 0.84 | 0.88 | 0.87 | 0.76 | 0.64 | 0.72 | 0.55 | 0.52 | 0.33 | 0.64 | 0.55 | 0.61 |
| Interest | 0.46 | 0.35 | 0.35 | 0.28 | 0.46 | 0.60 | 0.33 | 0.06 | 0.26 | 0.49 | 0.44 | 0.97 | 0.69 |
| Profit before tax | 8.09 | 10.71 | 8.68 | 7.33 | 4.91 | 9.74 | 5.14 | 7.24 | 5.72 | 21.78 | 6.49 | 7.11 | 4.86 |
| Tax % | 26.21 | 25.40 | 26.04 | 22.24 | 24.24 | 18.48 | 25.29 | 25.14 | 24.65 | 20.48 | 35.13 | 25.60 | 24.49 |
| Net Profit | 5.97 | 8.00 | 6.42 | 5.69 | 3.72 | 7.95 | 3.84 | 5.42 | 4.31 | 17.32 | 4.20 | 5.29 | 3.66 |
| EPS in Rs | 3.12 | 4.19 | 3.36 | 2.98 | 1.95 | 4.16 | 2.01 | 2.84 | 2.25 | 9.06 | 2.20 | 2.77 | 1.91 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 247.00 | 216.00 | 210.00 | 196.00 | 174.00 | 153.00 | 121.00 | 109.00 | 123.00 | 120.00 | 112.00 | 97.00 |
| Expenses | 218.00 | 191.00 | 185.00 | 172.00 | 147.00 | 129.00 | 105.00 | 97.00 | 95.00 | 105.00 | 92.00 | 82.00 |
| Operating Profit | 29.00 | 25.00 | 24.00 | 24.00 | 26.00 | 23.00 | 16.00 | 12.00 | 28.00 | 16.00 | 20.00 | 15.00 |
| OPM % | 12.00 | 12.00 | 12.00 | 12.00 | 15.00 | 15.00 | 13.00 | 11.00 | 23.00 | 13.00 | 18.00 | 16.00 |
| Other Income | 7.00 | 7.00 | 21.00 | 13.00 | 10.00 | 3.00 | 6.00 | 6.00 | 6.00 | 5.00 | -3.00 | 1.00 |
| Interest | 1.00 | 1.00 | 3.00 | 4.00 | 3.00 | 2.00 | 4.00 | 4.00 | 3.00 | 4.00 | 5.00 | 4.00 |
| Depreciation | 3.00 | 2.00 | 2.00 | 2.00 | 3.00 | 2.00 | 2.00 | 1.00 | 1.00 | 2.00 | 2.00 | 2.00 |
| Profit before tax | 32.00 | 28.00 | 40.00 | 31.00 | 31.00 | 22.00 | 16.00 | 14.00 | 30.00 | 15.00 | 10.00 | 10.00 |
| Tax % | 25.00 | 23.00 | 24.00 | 27.00 | 26.00 | 28.00 | 30.00 | 31.00 | 33.00 | 20.00 | 23.00 | 27.00 |
| Net Profit | 24.00 | 22.00 | 30.00 | 23.00 | 23.00 | 16.00 | 11.00 | 9.00 | 20.00 | 12.00 | 8.00 | 7.00 |
| EPS in Rs | 12.47 | 11.26 | 15.95 | 11.95 | 11.83 | 8.43 | 5.79 | 4.88 | 10.93 | 6.70 | 4.18 | 3.90 |
| Dividend Payout % | 8.00 | 9.00 | 6.00 | 8.00 | 8.00 | 12.00 | 0.00 | 0.00 | 18.00 | 30.00 | 48.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 19.00 | 19.00 | 19.00 | 19.00 | 19.00 | 19.00 | 19.00 | 19.00 | 18.00 | 18.00 | 18.00 | 18.00 |
| Reserves | 262.00 | 240.00 | 220.00 | 191.00 | 170.00 | 150.00 | 133.00 | 122.00 | 110.00 | 72.00 | 57.00 | 54.00 |
| Borrowings | 12.00 | 17.00 | 13.00 | 28.00 | 38.00 | 34.00 | 26.00 | 40.00 | 38.00 | 31.00 | 42.00 | 35.00 |
| Other Liabilities | 68.00 | 26.00 | 21.00 | 23.00 | 23.00 | 22.00 | 15.00 | 12.00 | 14.00 | 13.00 | 18.00 | 14.00 |
| Total Liabilities | 361.00 | 301.00 | 274.00 | 261.00 | 251.00 | 224.00 | 194.00 | 193.00 | 180.00 | 134.00 | 136.00 | 121.00 |
| Fixed Assets | 30.00 | 31.00 | 25.00 | 24.00 | 26.00 | 27.00 | 26.00 | 25.00 | 18.00 | 18.00 | 19.00 | 20.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 0.00 | 7.00 | 5.00 | 2.00 | 0.00 |
| Investments | 27.00 | 27.00 | 27.00 | 39.00 | 39.00 | 39.00 | 13.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 |
| Other Assets | 304.00 | 242.00 | 222.00 | 198.00 | 186.00 | 158.00 | 153.00 | 166.00 | 153.00 | 109.00 | 113.00 | 101.00 |
| Total Assets | 361.00 | 301.00 | 274.00 | 261.00 | 251.00 | 224.00 | 194.00 | 193.00 | 180.00 | 134.00 | 136.00 | 121.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 24.00 | 16.00 | 6.00 | 5.00 | 1.00 | 3.00 | 11.00 | 2.00 | -1.00 | 22.00 | 19.00 | -2.00 |
| Cash from Investing Activity | -16.00 | -23.00 | 17.00 | 12.00 | 0.00 | -14.00 | 2.00 | 5.00 | -20.00 | -1.00 | -18.00 | 3.00 |
| Cash from Financing Activity | -8.00 | 1.00 | -19.00 | -16.00 | -3.00 | 7.00 | -19.00 | 3.00 | 21.00 | -21.00 | 0.00 | -5.00 |
| Net Cash Flow | 0.00 | -7.00 | 3.00 | 1.00 | -1.00 | -4.00 | -6.00 | 10.00 | 0.00 | 0.00 | 0.00 | -4.00 |
| Free Cash Flow | 23.00 | 7.00 | 3.00 | 4.00 | 1.00 | 3.00 | 8.00 | 1.00 | -4.00 | 18.00 | 15.00 | -4.00 |
| CFO/OP % | 115.00 | 93.00 | 69.00 | 61.00 | 32.00 | 38.00 | 99.00 | 97.00 | 15.00 | 156.00 | 106.00 | -2.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 152.00 | 167.00 | 161.00 | 159.00 | 156.00 | 149.00 | 148.00 | 155.00 | 160.00 | 128.00 | 131.00 | 125.00 |
| Inventory Days | 141.00 | 165.00 | 169.00 | 176.00 | 214.00 | 230.00 | 265.00 | 288.00 | 206.00 | 149.00 | 175.00 | 141.00 |
| Days Payable | 45.00 | 39.00 | 30.00 | 33.00 | 30.00 | 45.00 | 42.00 | 38.00 | 34.00 | 36.00 | 53.00 | 58.00 |
| Cash Conversion Cycle | 248.00 | 293.00 | 300.00 | 302.00 | 340.00 | 334.00 | 372.00 | 405.00 | 331.00 | 241.00 | 253.00 | 208.00 |
| Working Capital Days | 213.00 | 242.00 | 252.00 | 235.00 | 209.00 | 198.00 | 219.00 | 193.00 | 168.00 | 125.00 | 67.00 | 133.00 |
| ROCE % | 12.00 | 11.00 | 17.00 | 15.00 | 16.00 | 13.00 | 11.00 | 10.00 | 23.00 | 16.00 | 17.00 | 13.00 |
Corporate Actions
14 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 22 Sep 2025 | 22 Sep 2025 | — | 1.00 | |
| Dividend | 20 Sep 2024 | — | — | 1.00 | |
| Dividend | 22 Sep 2023 | — | — | 1.00 | |
| Dividend | 20 Sep 2022 | — | — | 1.00 | |
| Dividend | 21 Sep 2021 | — | — | 1.00 | |
| Other | 21 Sep 2020 | — | — | — | Annual General Meeting |
| Other | 19 Sep 2019 | — | — | — | Annual General Meeting |
| Dividend | 25 Sep 2018 | — | — | 2.00 | |
| Dividend | 25 Sep 2017 | — | — | 1.00 | |
| Other | 25 May 2017 | — | — | — | Extra-Ordinary General Meeting |
| Dividend | 22 Feb 2017 | 24 Feb 2017 | — | 1.00 | |
| Dividend | 22 Sep 2016 | — | — | 1.50 | |
| Dividend | 28 Jan 2016 | 29 Jan 2016 | — | 0.50 | |
| Other | 20 Aug 2015 | — | — | — | Annual General Meeting |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update31 Dec 2025 from icra
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Rating update11 Sep 2024 from icra
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Rating update30 Jun 2023 from icra
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Rating update28 Mar 2022 from icra
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Rating update17 Dec 2020 from icra
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Rating update4 Nov 2019 from icra