IP
IndiaPulse

VETO

Small Cap

Veto Switchgears And Cables Limited

Media

Veto Switchgears And Cables Limited operates in Telecom Services / Equipment, within the Media sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.

₹148.45
+7.89 · +5.61%
Quote09 Jun, 12:00 am
Fundamentals08 Jun 2026 · screener
Score08 Jun, 11:00 pm · v4.2-nightly
Tags02 May 2026
Data confidence
Fresh enough for analysis
Investor decision lenses

One read, four checks

75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.

Mixed fundamentals, management trust is acceptable, price trend is neutral, and recent execution is weak.

Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
FAIR VALUE
59

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Trust
Healthy Trust
70

low confidence · 0/0 claims checked

Technical
Neutral
54

Timing lens: price trend and sector relative strength.

Result consistency
weak
41

Rolling lens: recent quarterly delivery, not the latest single-result score.

Latest result

Quarter ended 31 Mar 2026

Average · 52/100

margin compression · Rev +56% YoY · PAT +20% YoY · +47% QoQ

Filed 31 Mar 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹138.9 Cr+55.7%+47.4%
EBITDA₹13.3 Cr+22.3%+35.2%
Operating margin9.6%-261 bps-86 bps
PAT₹8.8 Cr+19.9%+40.4%
PAT margin6.3%-189 bps-31 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Business and thesis

Issuer presentation review pending

Veto Switchgears And Cables Limited operates in Telecom Services / Equipment, within the Media sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 31 Mar 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.

Technical timing lens

Trend score and candlestick chart

54Neutral

SMA20 +13.2% / mo · near 52W high

Stock trend: 60
Sector RS: 44
Sector 3M: -0.4% vs Nifty +0.1%

Technical chart

VETOweekly · 5Y+8.1%
Latest close ₹148.45 on 2026-06-09
Bar
+4.9%
RSI
76
MACD hist
3.80
52W pos
92%
Hover for OHLC, volume, and indicators. Use range buttons above the chart to zoom.
₹79₹98₹118₹138₹15852H52L2024-122025-032025-062025-092025-122026-03Vol2024-112025-042025-102026-032026-06
Up bar
Down bar
Volume
Result date
SMA 50
RSI(14)

Technical trend read

Mixed signals

Signals are conflicting — long-term trend unclear. RSI 76. Wait for confirmation.

  • SMA20 rising (~11.7% over last month) — short-term momentum positive.
  • RSI(14) at 76 — overbought zone; risk of mean reversion.
  • MACD above signal, histogram expanding — bullish momentum building.
  • 4% off 52W high · 80% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Deep research

Valuation, score drivers, trust methodology, financials, and peers

Use these sections after reviewing the decision summary, latest result, thesis, management accountability, and technical timing above.

59U-SCORE
Deep Value

Fundamental score breakdown

FAIR VALUE
Valuation27/30
Growth11/25
Quality2/20
Balance Sheet12/15
Cash Flow6/10
Piotroski
8/9 (+5)
Penalties
-4
Raw sum
59

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

59/100 · FAIR VALUE

Positive drivers

  • Piotroski is strong at 8/9.
  • Fair-value margin of safety is positive at 74.9%.
  • Valuation contributes 27/30 to the score.

Main drags

  • Penalty bucket subtracts 4 points.
  • Quality is weaker at 2/20; verify the latest quarterly trend.
  • Growth is weaker at 11/25; verify the latest quarterly trend.
Sector valuation model

Telecom valuation: EV/EBITDA against ARPU, debt, and capex

Telecom needs enterprise-value and cash-flow framing because leverage is structurally important.

Telecom EV/EBITDA
Primary lens
EV/EBITDA and debt-adjusted cash generation.
Secondary checks
ARPU growth, subscriber quality, spectrum liabilities, capex intensity.
Main risk check
High EBITDA can still be weak equity value if debt and capex absorb cash.
PE
10.7
PB
0.9
EV/EBITDA
6.9
ROE
9.0%
ROCE
11.7%
FCF Yield
2.2%
Debt/Equity
0.1
MoS
+74.9%
Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 08 Jun 2026
v4.2-nightly
Final score
59
Previous: 59
Verdict
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+74.9%
Previous: +76.0%

Score history

12 stored score snapshots. Latest stored move: +0 points.

08 Jun 2026
v4.2-nightly
64
64
63
63
63
63
65
60
59
59
59
59

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Trust Score
70Healthy Trust · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Healthy Trust: Claim history is still being built. It ranks around the 64th percentile of the scored universe and 81st percentile within Media. Main check: results consistency is weak at 41/100.

Healthy Trust Lite: Promoter pledge is zero. Key concern: 2 recent quarters had PAT decline worse than 25% YoY.

Computed 22 May 2026
trust-lite-v1
0 docs indexed · 0 concall links
Score band
Healthy Trust

Generally investable credibility. Look for weak sub-scores before increasing position size.

Relative rank
64th percentile

overall median 67 · Media: 81st pctile, median 64 · Small: 69th pctile, median 65

Evidence depth
Financial-only

0 documents indexed, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Healthy Trust · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter
78
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
41
weak · quarterly consistency

Trust positives

  • Promoter pledge is zero.
  • 7 years of positive FCF.
  • Debt/equity is 0.06.

Trust risks

  • 2 recent quarters had PAT decline worse than 25% YoY.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Intrinsic value

Graham Number
₹212.07
+30.0% MoS
DCF Fair PE
45.0
DCF Fair Value
₹591.75
+74.9% MoS
PEG
1.14

Fundamentals

Valuation

P/E
10.70
P/B
0.93
EV/EBITDA
6.90
Market Cap
269.00Cr

Profitability

ROE
9.04%
ROCE
11.70%
ROA
6.28%
Dividend Y
0.71%

Growth (CAGR)

Revenue 5Y
16.00%
EPS 5Y
11.00%
Revenue 3Y
10.00%
EPS 3Y
7.00%

Balance Sheet

Debt/Equity
0.07
Interest Coverage
19.00×
Altman Z
4.00
Book Value
152.00

Cash Flow

FCF Yield
2.23%
FCF Positive Y
8/5
OCF
10.00 Cr
EPS TTM
13.15

Shareholding

Promoter Hold
45.06%
Promoter Pledge
0.00%
Momentum 52W
89%

Financial History

Updated 9/6/2026

Revenue

₹ Cr
Latest: 184-12.0% vs prev
0254.0Mar 2026: 254Mar 2025: 223Mar 2024: 230Mar 2023: 209Mar 2022: 184FY26FY25FY24FY23FY22

Net Profit

₹ Cr
No data

Return on Equity

%
No data
Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.