Veto Switchgear Cable Complete Financial Statements
In FY2026, Veto Switchgear Cable (VETO) reported revenue ₹139 Cr, net profit ₹9 Cr and EPS ₹4.59, with a net profit margin of 6.5% and ROE of 3.1%. Full financial statements from FY2015 to FY2026 (12 years) — income statement, balance sheet and cash flow in ₹ Crores. Download as Excel or CSV. For live price, earnings ratios and company overview, see Veto Switchgear Cable share price today.
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Profitability Ratios
Balance Sheet Ratios
VETO Revenue, Net Profit & EBITDA — Year-on-Year Growth
VETO YoY (Mar 2025 vs Mar 2026) — revenue +54.4%, net profit +28.6%, EBITDA +27.3%, expenses +61.5%. Review Veto Switchgear Cable P/E valuation to evaluate earnings-based valuation against sector peers.
VETO Income Statement — Revenue, EBITDA & Net Profit
Veto Switchgear Cable revenue ₹139 Cr, EBITDA ₹14 Cr, net profit ₹9 Cr, EPS ₹4.59 (2026) — net profit margin 6.5%. Explore VETO value investing to estimate fundamental worth using multiple valuation models.
| Particulars | Mar 2026 | Sept 2025 | Mar 2025 | Jun 2025 | Dec 2025 | Sept 2024 | Mar 2024 | Jun 2024 | Dec 2024 | Sept 2023 | Mar 2023 | Jun 2023 | Dec 2023 | Sept 2022 | Mar 2022 | Jun 2022 | Dec 2022 | Sept 2021 | Mar 2021 | Jun 2021 | Dec 2021 | Sept 2020 | Mar 2020 | Jun 2020 | Dec 2020 | Sept 2019 | Mar 2019 | Jun 2019 | Dec 2019 | Sept 2018 | Mar 2018 | Jun 2018 | Dec 2018 | Sept 2017 | Mar 2017 | Jun 2017 | Dec 2017 | Sept 2016 | Jun 2016 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 139 | 90 | 90 | 65 | 95 | 74 | 83 | 62 | 77 | 72 | 86 | 67 | 82 | 76 | 81 | 60 | 74 | 76 | 66 | 42 | 72 | 42 | 39 | 23 | 51 | 37 | 47 | 36 | 39 | 58 | 71 | 59 | 56 | 64 | 69 | 49 | 71 | 59 | 57 | 56 |
| Expenses | 126 | 80 | 78 | 59 | 84 | 66 | 75 | 54 | 71 | 62 | 78 | 59 | 73 | 65 | 72 | 50 | 65 | 66 | 58 | 37 | 59 | 39 | 35 | 19 | 42 | 33 | 42 | 32 | 33 | 54 | 60 | 48 | 53 | 52 | 61 | 41 | 60 | 52 | 51 | 51 |
| EBITDA | 14 | 9 | 11 | 7 | 10 | 9 | 8 | 8 | 7 | 10 | 8 | 8 | 9 | 11 | 10 | 10 | 9 | 10 | 8 | 5 | 13 | 4 | 4 | 4 | 9 | 5 | 5 | 4 | 6 | 4 | 12 | 11 | 3 | 12 | 8 | 8 | 11 | 7 | 7 | 5 |
| Operating Profit Margin % | 10.00% | 9.00% | 12.00% | 10.00% | 10.00% | 12.00% | 5.00% | 12.00% | 7.00% | 14.00% | 7.00% | 12.00% | 11.00% | 14.00% | 9.00% | 16.00% | 9.00% | 13.00% | 11.00% | 12.00% | 17.00% | 9.00% | 10.00% | 17.00% | 17.00% | 12.00% | 10.00% | 11.00% | 16.00% | 7.00% | 16.00% | 16.00% | 6.00% | 19.00% | 11.00% | 16.00% | 15.00% | 12.00% | 11.00% | 9.00% |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 1 | 0 | 1 | 1 | 1 | 0 | 1 | 0 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit Before Tax | 12 | 8 | 10 | 5 | 9 | 8 | 7 | 7 | 5 | 8 | 6 | 7 | 7 | 10 | 8 | 8 | 7 | 8 | 7 | 4 | 11 | 3 | 3 | 3 | 8 | 3 | 3 | 3 | 5 | 3 | 10 | 9 | 2 | 11 | 7 | 7 | 10 | 6 | 5 | 4 |
| Tax | 3 | 2 | 3 | 2 | 3 | 2 | 5 | 2 | 2 | 2 | 4 | 2 | 3 | 3 | 3 | 2 | 2 | 4 | 2 | 1 | 3 | 1 | 1 | 1 | 2 | 1 | 2 | 1 | 2 | 0 | 3 | 2 | 1 | 4 | 1 | 1 | 2 | 1 | 1 | 1 |
| Net Profit | 9 | 6 | 7 | 3 | 6 | 6 | 2 | 5 | 4 | 6 | 2 | 5 | 5 | 7 | 5 | 7 | 5 | 5 | 5 | 3 | 8 | 2 | 2 | 2 | 6 | 2 | 1 | 2 | 4 | 3 | 7 | 8 | 1 | 8 | 6 | 6 | 8 | 5 | 4 | 3 |
| Earnings Per Share (₹) | 4.59 | 3.18 | 3.84 | 1.80 | 3.45 | 3.12 | 1.17 | 2.55 | 1.90 | 3.16 | 1.15 | 2.56 | 2.56 | 3.69 | 2.57 | 3.40 | 2.46 | 2.39 | 2.40 | 1.34 | 4.26 | 1.05 | 0.90 | 1.18 | 3.12 | 1.21 | 0.58 | 0.86 | 1.89 | 1.42 | 3.88 | 3.39 | 0.70 | 4.25 | 3.19 | 3.27 | 4.23 | 2.79 | 2.33 | 3.61 |
VETO Balance Sheet — Assets, Liabilities & Shareholders' Equity
VETO total assets ₹398 Cr, total equity ₹290 Cr, total liabilities ₹ Cr (2026) — ROE 3.1%.
| Particulars | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| Total Assets | 398 | 332 | 306 | 321 | 309 | 274 | 220 | 220 | 202 | 146 | 142 | 121 |
| Current Assets | 323 | 259 | 250 | 268 | 258 | 223 | 173 | 185 | 167 | 110 | 99 | 80 |
| Fixed Assets | 62 | 51 | 41 | 41 | 43 | 44 | 40 | 30 | 23 | 20 | 21 | 22 |
| Capital Work in Progress | 13 | 12 | 9 | 7 | 3 | 2 | 3 | 0 | 7 | 8 | 3 | 0 |
| Investments | 103 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Other Assets | 0 | 270 | 256 | 274 | 264 | 227 | 177 | 190 | 171 | 118 | 118 | 99 |
| LIABILITIES | ||||||||||||
| Total Liabilities | ||||||||||||
| Current Liabilities | 7 | 6 | 7 | 17 | 12 | 8 | 1 | 1 | 3 | 5 | 6 | 6 |
| Non-Current Liabilities | ||||||||||||
| SHAREHOLDERS' EQUITY | ||||||||||||
| Total Equity | 290 | 267 | 247 | 234 | 213 | 194 | 178 | 167 | 148 | 102 | 81 | 73 |
| Share Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 18 | 18 | 18 | 18 |
| Reserves & Surplus | 271 | 247 | 227 | 214 | 194 | 175 | 159 | 148 | 111 | 83 | 63 | 54 |
VETO Cash Flow Statement — Operating, Investing & Financing
Veto Switchgear Cable operating cash flow ₹15 Cr, investing ₹-19 Cr, financing ₹-3 Cr, net cash flow ₹-7 Cr (2025).
| Particulars | March 2025 | March 2024 | March 2023 | March 2022 | March 2021 | March 2020 | March 2019 | March 2018 | March 2017 | March 2016 | March 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | 15 | 28 | 18 | -8 | 7 | 31 | 11 | -25 | 20 | 22 | -2 |
| Investing Activities | -19 | -8 | -2 | 1 | -7 | -11 | -2 | 4 | -12 | -8 | 3 |
| Financing Activities | -3 | -27 | -10 | 4 | -3 | -19 | 3 | 21 | -21 | 0 | -5 |
| Net Cash Flow | -7 | -8 | 6 | -3 | -4 | 1 | 12 | 0 | -13 | 14 | -4 |