₹126.37
-0.89% today
· 30d +1.92%
as of 2026-09-04
Price · Daily Candles
“Veto Switchgears Ignites Quarterly Revenue by 55.7%, Yet FIIs Remain Elusive.”
Veto Switchgears (VETO) showcased robust Q4 2026 performance with revenue up 55.7% YoY to ₹139 Cr and net profit increasing 20% YoY to ₹9 Cr. Despite this strong quarterly growth, its PE of 9.58 and PB of 0.83 position it as 'CHEAP' relative to its peers. However, FII ownership remains negligible at 0.01%, indicating limited institutional confidence.
BULL CASE
+Quarterly revenue surged by 55.7% YoY to ₹139 Cr, demonstrating strong top-line expansion.
+Net profit recorded a 20% YoY increase to ₹9 Cr in Q4 2026, alongside a 18.39% YoY rise in operating profit.
+The stock trades at a TTM PE of 9.58 and PB of 0.83, making its 'valuation' score 'CHEAP' at 90.
+Despite negative FCF predictions, the company achieved an annual revenue CAGR of 16.37% over the last 5 years.
BEAR CASE
−FII holding remains minimal at 0.01% as of March 2026, indicating a lack of foreign institutional interest.
−ML predictions show weak free cash flow (FCF) growth, with a rank of 0.088 for stable 7-year FCF, suggesting potential long-term cash generation challenges.
−Operating profit margin (OPM) saw a -2.99% change QoQ in Q4 2026, despite revenue growth.
−The company's ROCE of 11% is significantly lower than some sector peers like CG Power (34.54%) and Havells (27.26%).
⟳ What Changed
₹ Latest Earnings · Q ending 2026-06-30
REVENUE
₹89 Cr
+37.74% YoY
NET PROFIT
₹6 Cr
+70.49% YoY
OPM
11.1%
+0.91pp YoY
EPS
₹3.1
PE 9.58
Intrinsic value · DCF: N/A — ML model predicts severe Δ FCF compression (h1=-50.0%, h2=-50.0%, h3=-50.0% of mktcap), driving projected FCF negative by year 3 despite healthy current FCF. Treating as forecast outlier rather than reporting a misleading ₹0 valuation. Use the Strategy Fit and ML sections instead.
◇ Sector Position
Veto's TTM PE of 9.58 and ROCE of 11% significantly lag behind sector peers like CG Power (PE 128.31, ROCE 34.54%) and Polycab (PE 54.0, ROCE 30.94%), suggesting a value discrepancy or operational efficiency gap.
PEERPEROCE %
VETO9.5811.0
+ 2 more peers — sign in to view
ML Forward Growth Predictions 🔒
67
SCORE / 100
Overall
6-axis composite of the sections below.
Performance
STRONG
75
Valuation
CHEAP
90
Growth
STRONG
70
Profitability
DECENT
58
Technicals
NEUTRAL
57
Risk
MODERATE
50
Key Stats
TTM PE
9.58
P/B
0.83
52W HIGH
₹153.95
OFF HIGH
-17.91%
DIV YIELD
0.78%
MKT CAP
₹240 Cr
◉ Active Signals
MACDBullish0.1098
RSI(14)Neutral52.27
⧉ Strategy Fit 🔒