VETO SWITCHGEAR CABLE LTD

VETO · General/Diversified · NSE

₹109

Current Market Price

Undervalued

Fair Value (DCF)

₹144

Margin of Safety

+32.2%

Updated 2d ago

DCF Sensitivity →

YieldIQ Score

59/100

Piotroski F-Score

6/9

Economic Moat

Narrow

Confidence

57%

ROE

Debt/Equity

0.06

WACC

11.1%

Market Cap

₹208 Cr

Quality & Valuation

Neutral model outputs — no recommendations.

ROCE

11.3%

Return on capital employed

EV / EBITDA

6.2×

Enterprise multiple

Debt / EBITDA

0.6×

Leverage vs earnings

Interest Coverage

20.4×

EBIT covers interest

Current Ratio

4.43×

Short-term liquidity

Asset Turnover

0.90×

Revenue per ₹ of assets

Revenue CAGR (3Y)

4.0%

3-year revenue growth

Revenue CAGR (5Y)

5-year revenue growth

DCF Scenario Analysis

vs CMP ₹108.69

Bear case

₹44.15

MoS -146.2%

Base case

₹143.67

MoS +24.3%

Bull case

₹150.85

MoS +27.9%

Ratio Trends

VETO · last 4 annual periods

ROE

8.3%

min 7.3%max 9.4%

ROCE

11.7%

min 11.7%max 14.1%

Operating Margin

min max

Debt / Equity

0.09×

min 0.09×max 0.22×

PE

7.1×

min 7.1×max 8.7×

EV / EBITDA

4.6×

min 4.6×max 5.8×

Historical Financials

VETO · Annual, last 4 years· amounts in ₹Cr unless noted

Metric2022202320242025CAGR
Revenue₹267 Cr₹290 Cr₹300 Cr₹300 Cr+4.0%
EBITDA₹36.6 Cr₹37.7 Cr₹35.1 Cr₹34.1 Cr-2.3%
EBIT
PAT₹20.0 Cr₹20.2 Cr₹18.0 Cr₹22.1 Cr+3.4%
EPS (diluted)
CFO₹-7.9 Cr₹18.0 Cr₹27.8 Cr₹15.0 Cr
CapEx₹-1.3 Cr₹-5.1 Cr₹-6.3 Cr₹-19.8 Cr
FCF₹-9.2 Cr₹12.9 Cr₹21.5 Cr₹-4.8 Cr
Total Assets₹309 Cr₹321 Cr₹306 Cr₹332 Cr+2.5%
Total Debt₹46.9 Cr₹43.4 Cr₹22.6 Cr₹22.9 Cr-21.2%
Shareholders' Equity₹213 Cr₹234 Cr₹247 Cr₹267 Cr+7.8%

CAGR computed across the visible window. Signs reverse if start value is zero or negative.

Peer Comparison

VETO vs 5 closest peers by market-cap band

PeerMoSScoreVerdictROEPE
CORDSCABLE

CORDSCABLE

Pending8.0%
PLAZACABLE

PLAZA WIRES LIMITED

-63.3%22Overvalued2.4%
NIPPOBATRY

NIPPOBATRY

Pending26.3%
AARTECH

AARTECH

Pending8.8%
GEEKAYWIRE

GEEKAYWIRE

Pending25.0%

Click a ticker to view its fair-value analysis.

Dividend History

No dividend events recorded for VETO in the last 10 years.

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Model estimates using publicly available data. Not investment advice. YieldIQ is not registered with SEBI as an investment adviser or research analyst. Past performance does not guarantee future results.