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VETO (Veto Switchgears And Cables Limited) Stock Analysis
Buy, Hold or Sell?

Let's analyze Veto Switchgears And Cables Limited together

I guess you are interested in Veto Switchgears And Cables Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • πŸ“Š Fundamental Analysis (FA) – Veto Switchgears And Cables Limited’s Financial Insights
  • πŸ“ˆ Technical Analysis (TA) – Veto Switchgears And Cables Limited’s Price Targets

I'm going to help you getting a better view of Veto Switchgears And Cables Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Veto Switchgears And Cables Limited (30 sec.)










1.2. What can you expect buying and holding a share of Veto Switchgears And Cables Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR0.05
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR139.91
Expected worth in 1 year
INR182.12
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR46.22
Return On Investment
36.9%

For what price can you sell your share?

Current Price per Share
INR125.19
Expected price per share
INR113.00 - INR141.00
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Veto Switchgears And Cables Limited (5 min.)




Live pricePrice per Share (EOD)
INR125.19
Intrinsic Value Per Share
INR-82.92 - INR67.91
Total Value Per Share
INR56.99 - INR207.81

2.2. Growth of Veto Switchgears And Cables Limited (5 min.)




Is Veto Switchgears And Cables Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$31.2m$28.9m$2.3m7.5%

How much money is Veto Switchgears And Cables Limited making?

Current yearPrevious yearGrowGrow %
Making money$2.5m$2.1m$489k18.9%
Net Profit Margin7.4%6.0%--

How much money comes from the company's main activities?

2.3. Financial Health of Veto Switchgears And Cables Limited (5 min.)




2.4. Comparing to competitors in the Electrical Equipment & Parts industry (5 min.)




  Industry Rankings (Electrical Equipment & Parts)  


Richest
#336 / 417

Most Revenue
#272 / 417

Most Profit
#203 / 417

Most Efficient
#116 / 417
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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Veto Switchgears And Cables Limited?

Welcome investor! Veto Switchgears And Cables Limited's management wants to use your money to grow the business. In return you get a share of Veto Switchgears And Cables Limited.

First you should know what it really means to hold a share of Veto Switchgears And Cables Limited. And how you can make/lose money.

Speculation

The Price per Share of Veto Switchgears And Cables Limited is INR125.19. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Veto Switchgears And Cables Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Veto Switchgears And Cables Limited, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR139.91. Based on the TTM, the Book Value Change Per Share is INR10.55 per quarter. Based on the YOY, the Book Value Change Per Share is INR7.05 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR1.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Veto Switchgears And Cables Limited.

How much money are you going to get?

 MRQTTMYOY3Y5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.140.1%0.140.1%0.110.1%0.120.1%0.120.1%0.110.1%
Usd Book Value Change Per Share0.120.1%0.120.1%0.080.1%0.110.1%0.110.1%0.120.1%
Usd Dividend Per Share0.010.0%0.010.0%0.010.0%0.010.0%0.010.0%0.010.0%
Usd Total Gains Per Share0.140.1%0.140.1%0.090.1%0.120.1%0.120.1%0.130.1%
Usd Price Per Share1.18-1.18-1.44-1.17-1.18-1.21-
Price to Earnings Ratio8.75-8.75-13.08-9.64-10.52-11.13-
Price-to-Total Gains Ratio8.76-8.76-15.26-10.15-10.16-9.92-
Price to Book Ratio0.72-0.72-0.95-0.76-0.85-1.27-
Price-to-Total Gains Ratio8.76-8.76-15.26-10.15-10.16-9.92-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share1.464723
Number of shares682
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.010.01
Usd Book Value Change Per Share0.120.11
Usd Total Gains Per Share0.140.12
Gains per Quarter (682 shares)92.1982.84
Gains per Year (682 shares)368.77331.35
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
13233735932299321
26467472864599652
3961011109796898983
41281347146612811981314
51601684183516014971645
61922021220419217971976
72232358257322320962307
82552695294225523952638
92873032331128726952969
103193369368031929943300

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%16.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%16.00.00.0100.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%12.00.04.075.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%16.00.00.0100.0%
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3.2. Key Performance Indicators

The key performance indicators of Veto Switchgears And Cables Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-3Y+/-5 Year+/-10 Year+/-
Book Value Change Per Share--10.55410.5540%7.052+50%9.436+12%9.381+12%10.190+4%
Book Value Per Share--139.905139.9050%129.351+8%130.518+7%120.961+16%95.811+46%
Current Ratio--4.4314.4310%4.992-11%4.411+0%3.842+15%3.492+27%
Debt To Asset Ratio--0.1950.1950%0.192+1%0.220-11%0.252-23%0.269-28%
Debt To Equity Ratio--0.2430.2430%0.239+2%0.286-15%0.343-29%0.383-36%
Dividend Per Share--1.0001.0000%1.000+0%1.000+0%1.000+0%1.150-13%
Enterprise Value--1302005900.0001302005900.0000%1880255750.000-31%1299087883.333+0%1265548100.800+3%1438180493.800-9%
Eps--11.57811.5780%9.392+23%10.521+10%9.955+16%9.228+25%
Ev To Ebitda Ratio--3.8033.8030%5.315-28%3.671+4%3.929-3%4.751-20%
Ev To Sales Ratio--0.4330.4330%0.627-31%0.4350%0.498-13%0.609-29%
Free Cash Flow Per Share---3.251-3.2510%10.802-130%4.765-168%2.286-242%1.849-276%
Free Cash Flow To Equity Per Share---4.061-4.0610%-3.487-14%-1.992-51%-1.654-59%-0.957-76%
Gross Profit Margin--1.0001.0000%0.855+17%0.894+12%0.863+16%0.863+16%
Intrinsic Value_10Y_max--67.908----------
Intrinsic Value_10Y_min---82.917----------
Intrinsic Value_1Y_max--5.216----------
Intrinsic Value_1Y_min---0.719----------
Intrinsic Value_3Y_max--16.883----------
Intrinsic Value_3Y_min---8.748----------
Intrinsic Value_5Y_max--30.010----------
Intrinsic Value_5Y_min---23.933----------
Market Cap2393006850.000+19%1935584900.0001935584900.0000%2348277750.000-18%1907103550.000+1%1935814280.0000%1969341990.000-2%
Net Profit Margin--0.0740.0740%0.060+23%0.068+9%0.072+2%0.0740%
Operating Margin--0.1040.1040%0.110-5%0.111-7%0.118-12%0.119-13%
Operating Ratio--0.9050.9050%0.823+10%0.874+4%0.878+3%0.879+3%
Pb Ratio0.895+19%0.7240.7240%0.950-24%0.763-5%0.849-15%1.273-43%
Pe Ratio10.812+19%8.7468.7460%13.081-33%9.642-9%10.522-17%11.128-21%
Price Per Share125.190+19%101.260101.2600%122.850-18%99.770+1%101.2720%103.026-2%
Price To Free Cash Flow Ratio-38.507-24%-31.147-31.1470%11.373-374%-2.874-91%5.183-701%71.663-143%
Price To Total Gains Ratio10.835+19%8.7648.7640%15.256-43%10.149-14%10.156-14%9.918-12%
Quick Ratio--2.6352.6350%2.995-12%1.961+34%1.774+49%1.683+57%
Return On Assets--0.0670.0670%0.059+14%0.063+6%0.061+8%0.076-13%
Return On Equity--0.0830.0830%0.073+14%0.081+3%0.083+0%0.107-23%
Total Gains Per Share--11.55411.5540%8.052+43%10.436+11%10.381+11%11.340+2%
Usd Book Value--31289157.90031289157.9000%28928835.000+8%29189862.000+7%27052290.893+16%21427750.030+46%
Usd Book Value Change Per Share--0.1230.1230%0.083+50%0.110+12%0.110+12%0.119+4%
Usd Book Value Per Share--1.6371.6370%1.513+8%1.527+7%1.415+16%1.121+46%
Usd Dividend Per Share--0.0120.0120%0.012+0%0.012+0%0.012+0%0.013-13%
Usd Enterprise Value--15233469.03015233469.0300%21998992.275-31%15199328.235+0%14806912.779+3%16826711.777-9%
Usd Eps--0.1350.1350%0.110+23%0.123+10%0.116+16%0.108+25%
Usd Free Cash Flow---727084.800-727084.8000%2415792.600-130%1065565.800-168%511262.358-242%413520.632-276%
Usd Free Cash Flow Per Share---0.038-0.0380%0.126-130%0.056-168%0.027-242%0.022-276%
Usd Free Cash Flow To Equity Per Share---0.048-0.0480%-0.041-14%-0.023-51%-0.019-59%-0.011-76%
Usd Market Cap27998180.145+19%22646343.33022646343.3300%27474849.675-18%22313111.535+1%22649027.0760%23041301.283-2%
Usd Price Per Share1.465+19%1.1851.1850%1.437-18%1.167+1%1.1850%1.205-2%
Usd Profit--2589444.0002589444.0000%2100384.000+23%2352920.700+10%2226348.540+16%2062584.202+26%
Usd Revenue--35144272.80035144272.8000%35110073.700+0%34771284.600+1%31352985.086+12%27799945.738+26%
Usd Total Gains Per Share--0.1350.1350%0.094+43%0.122+11%0.121+11%0.133+2%
 EOD+5 -3MRQTTM+0 -0YOY+21 -193Y+30 -105Y+27 -1310Y+20 -20

3.3 Fundamental Score

Let's check the fundamental score of Veto Switchgears And Cables Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1510.812
Price to Book Ratio (EOD)Between0-10.895
Net Profit Margin (MRQ)Greater than00.074
Operating Margin (MRQ)Greater than00.104
Quick Ratio (MRQ)Greater than12.635
Current Ratio (MRQ)Greater than14.431
Debt to Asset Ratio (MRQ)Less than10.195
Debt to Equity Ratio (MRQ)Less than10.243
Return on Equity (MRQ)Greater than0.150.083
Return on Assets (MRQ)Greater than0.050.067
Total9/10 (90.0%)

3.4 Technical Score

Let's check the technical score of Veto Switchgears And Cables Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5049.971
Ma 20Greater thanMa 50126.236
Ma 50Greater thanMa 100119.719
Ma 100Greater thanMa 200111.908
OpenGreater thanClose127.000
Total3/5 (60.0%)

4. In-depth Analysis

4.1 About Veto Switchgears And Cables Limited

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, Accessories & Others, and Lighting and Fittings, and segments. The company offers electrical accessories, including vyoma and power modular switches; and MCBs, circuit breakers, distribution panel, isolator, AC box, and bells and extension cords. It also provides wires and cables, such as multi strand and flexible wires; ceiling, wall, pedesital and table fans; and slim LED panels, concealed light, deep light, spot light, flood light, street light, strip light, rope light, LED bulb and tube light, wall and track light, and surface panels. In addition, the company offers other electrical accessories, such as switch socket, MCB, bell, and all other electrical accessories. 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.

Fundamental data was last updated by Penke on 2025-07-03 08:11:04.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is expensive.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profitΒ Veto Switchgears And Cables Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compareΒ Veto Switchgears And Cables Limited to theΒ Electrical Equipment & Parts industry mean.
  • A Net Profit Margin of 7.4%Β means thatΒ ₹0.07 for each ₹1Β in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Veto Switchgears And Cables Limited:

  • The MRQ is 7.4%. The company is making a profit. +1
  • The TTM is 7.4%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ7.4%TTM7.4%0.0%
TTM7.4%YOY6.0%+1.4%
TTM7.4%5Y7.2%+0.2%
5Y7.2%10Y7.4%-0.2%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ7.4%3.7%+3.7%
TTM7.4%3.3%+4.1%
YOY6.0%3.4%+2.6%
3Y6.8%3.6%+3.2%
5Y7.2%3.2%+4.0%
10Y7.4%3.5%+3.9%
4.3.1.2. Return on Assets

Shows howΒ efficientΒ Veto Switchgears And Cables Limited is using its assets to generate profit.

  • Above 5% is considered healthyΒ but always compareΒ Veto Switchgears And Cables Limited to theΒ Electrical Equipment & Parts industry mean.
  • 6.7% Return on Assets means thatΒ Veto Switchgears And Cables Limited generatedΒ ₹0.07 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Veto Switchgears And Cables Limited:

  • The MRQ is 6.7%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 6.7%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ6.7%TTM6.7%0.0%
TTM6.7%YOY5.9%+0.8%
TTM6.7%5Y6.1%+0.5%
5Y6.1%10Y7.6%-1.5%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ6.7%0.8%+5.9%
TTM6.7%0.8%+5.9%
YOY5.9%0.9%+5.0%
3Y6.3%0.9%+5.4%
5Y6.1%0.9%+5.2%
10Y7.6%1.0%+6.6%
4.3.1.3. Return on Equity

Shows how efficient Veto Switchgears And Cables Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compareΒ Veto Switchgears And Cables Limited to theΒ Electrical Equipment & Parts industry mean.
  • 8.3% Return on Equity means Veto Switchgears And Cables Limited generated ₹0.08Β for eachΒ ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Veto Switchgears And Cables Limited:

  • The MRQ is 8.3%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 8.3%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ8.3%TTM8.3%0.0%
TTM8.3%YOY7.3%+1.0%
TTM8.3%5Y8.3%+0.0%
5Y8.3%10Y10.7%-2.5%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ8.3%1.7%+6.6%
TTM8.3%1.6%+6.7%
YOY7.3%1.9%+5.4%
3Y8.1%1.9%+6.2%
5Y8.3%1.8%+6.5%
10Y10.7%2.0%+8.7%
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4.3.2. Operating Efficiency of Veto Switchgears And Cables Limited.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

MeasuresΒ how efficient Veto Switchgears And Cables Limited is operatingΒ .

  • Measures how much profit Veto Switchgears And Cables Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compareΒ Veto Switchgears And Cables Limited to theΒ Electrical Equipment & Parts industry mean.
  • An Operating Margin of 10.4%Β means the company generated ₹0.10 Β for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Veto Switchgears And Cables Limited:

  • The MRQ is 10.4%. The company is operating less efficient.
  • The TTM is 10.4%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ10.4%TTM10.4%0.0%
TTM10.4%YOY11.0%-0.6%
TTM10.4%5Y11.8%-1.4%
5Y11.8%10Y11.9%-0.2%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ10.4%6.4%+4.0%
TTM10.4%4.4%+6.0%
YOY11.0%3.2%+7.8%
3Y11.1%2.7%+8.4%
5Y11.8%4.0%+7.8%
10Y11.9%4.1%+7.8%
4.3.2.2. Operating Ratio

Measures how efficient Veto Switchgears And Cables Limited is keepingΒ operating costsΒ low.

  • Below 1 is considered healthy (always compare toΒ Electrical Equipment & Parts industry mean).
  • An Operation Ratio of 0.90 means that the operating costs are ₹0.90 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Veto Switchgears And Cables Limited:

  • The MRQ is 0.905. The company is less efficient in keeping operating costs low.
  • The TTM is 0.905. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.905TTM0.9050.000
TTM0.905YOY0.823+0.081
TTM0.9055Y0.878+0.027
5Y0.87810Y0.879-0.001
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9051.668-0.763
TTM0.9051.610-0.705
YOY0.8231.477-0.654
3Y0.8741.495-0.621
5Y0.8781.497-0.619
10Y0.8791.329-0.450
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4.4.3. Liquidity of Veto Switchgears And Cables Limited.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Veto Switchgears And Cables Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare toΒ Electrical Equipment & Parts industry mean).
  • A Current Ratio of 4.43Β means the company has ₹4.43 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Veto Switchgears And Cables Limited:

  • The MRQ is 4.431. The company is very able to pay all its short-term debts. +2
  • The TTM is 4.431. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ4.431TTM4.4310.000
TTM4.431YOY4.992-0.561
TTM4.4315Y3.842+0.589
5Y3.84210Y3.492+0.350
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ4.4311.812+2.619
TTM4.4311.852+2.579
YOY4.9921.920+3.072
3Y4.4111.926+2.485
5Y3.8421.932+1.910
10Y3.4921.818+1.674
4.4.3.2. Quick Ratio

Measures if Veto Switchgears And Cables Limited is able to pay off Short-term Debt but only usingΒ theΒ most liquid assets.

  • Above 1 is considered healthy butΒ always compareΒ Veto Switchgears And Cables Limited to theΒ Electrical Equipment & Parts industry mean.
  • A Quick Ratio of 2.64Β means the company can pay off ₹2.64 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Veto Switchgears And Cables Limited:

  • The MRQ is 2.635. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 2.635. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ2.635TTM2.6350.000
TTM2.635YOY2.995-0.359
TTM2.6355Y1.774+0.861
5Y1.77410Y1.683+0.091
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ2.6350.769+1.866
TTM2.6350.842+1.793
YOY2.9951.025+1.970
3Y1.9611.008+0.953
5Y1.7741.068+0.706
10Y1.6831.118+0.565
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4.5.4. Solvency of Veto Switchgears And Cables Limited.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much %Β of Veto Switchgears And Cables LimitedΒ assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compareΒ Veto Switchgears And Cables Limited to Electrical Equipment & Parts industry mean.
  • A Debt to Asset Ratio of 0.20Β means that Veto Switchgears And Cables Limited assets areΒ financed with 19.5% credit (debt) and the remaining percentage (100% - 19.5%)Β is financed by its owners/shareholders.Β 

Let's take a look of the Debt to Asset Ratio trends of Veto Switchgears And Cables Limited:

  • The MRQ is 0.195. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.195. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.195TTM0.1950.000
TTM0.195YOY0.192+0.003
TTM0.1955Y0.252-0.057
5Y0.25210Y0.269-0.017
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1950.466-0.271
TTM0.1950.462-0.267
YOY0.1920.456-0.264
3Y0.2200.452-0.232
5Y0.2520.451-0.199
10Y0.2690.432-0.163
4.5.4.2. Debt to Equity Ratio

Measures ifΒ Veto Switchgears And Cables Limited is able toΒ pay off its debts by usingΒ shareholders equity.

  • Below 2 is considered healthy butΒ always compareΒ Veto Switchgears And Cables Limited to theΒ Electrical Equipment & Parts industry mean.
  • A Debt to Equity ratio of 24.3% means that company has ₹0.24 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Veto Switchgears And Cables Limited:

  • The MRQ is 0.243. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.243. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.243TTM0.2430.000
TTM0.243YOY0.239+0.004
TTM0.2435Y0.343-0.100
5Y0.34310Y0.383-0.039
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2430.870-0.627
TTM0.2430.883-0.640
YOY0.2390.844-0.605
3Y0.2860.890-0.604
5Y0.3430.851-0.508
10Y0.3830.851-0.468
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

MeasuresΒ how much money you payΒ for each share forΒ every ₹1 in earnings Veto Switchgears And Cables Limited generates.

  • Above 15 is considered overpriced butΒ always compareΒ Veto Switchgears And Cables Limited to theΒ Electrical Equipment & Parts industry mean.
  • A PE ratio of 8.75 means the investor is paying ₹8.75Β for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Veto Switchgears And Cables Limited:

  • The EOD is 10.812. Based on the earnings, the company is underpriced. +1
  • The MRQ is 8.746. Based on the earnings, the company is underpriced. +1
  • The TTM is 8.746. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD10.812MRQ8.746+2.067
MRQ8.746TTM8.7460.000
TTM8.746YOY13.081-4.335
TTM8.7465Y10.522-1.776
5Y10.52210Y11.128-0.606
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
EOD10.81215.554-4.742
MRQ8.74614.711-5.965
TTM8.74615.670-6.924
YOY13.08115.706-2.625
3Y9.64216.503-6.861
5Y10.52219.086-8.564
10Y11.12823.479-12.351
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Veto Switchgears And Cables Limited:

  • The EOD is -38.507. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -31.147. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -31.147. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-38.507MRQ-31.147-7.361
MRQ-31.147TTM-31.1470.000
TTM-31.147YOY11.373-42.520
TTM-31.1475Y5.183-36.330
5Y5.18310Y71.663-66.480
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
EOD-38.507-2.618-35.889
MRQ-31.147-2.712-28.435
TTM-31.1470.510-31.657
YOY11.3733.035+8.338
3Y-2.8741.559-4.433
5Y5.1831.307+3.876
10Y71.6631.280+70.383
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price ofΒ Veto Switchgears And Cables Limited is to cheap or to expensiveΒ compared to its book value.

  • At or below 1 is considered healthyΒ (always compare to Electrical Equipment & Parts industry mean).
  • A PB ratio of 0.72 means the investor is paying ₹0.72Β for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Veto Switchgears And Cables Limited:

  • The EOD is 0.895. Based on the equity, the company is cheap. +2
  • The MRQ is 0.724. Based on the equity, the company is cheap. +2
  • The TTM is 0.724. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.895MRQ0.724+0.171
MRQ0.724TTM0.7240.000
TTM0.724YOY0.950-0.226
TTM0.7245Y0.849-0.125
5Y0.84910Y1.273-0.424
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
EOD0.8952.172-1.277
MRQ0.7242.064-1.340
TTM0.7242.066-1.342
YOY0.9502.174-1.224
3Y0.7632.155-1.392
5Y0.8492.385-1.536
10Y1.2732.696-1.423
4.6.2. Total Gains per Share
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6. Financial Statements




6.1. Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2021-03-312022-03-312023-03-312024-03-312025-03-31
Total Other Income Expense Net -163,579-56,731-220,310-10,083-230,393-14,304-244,697253,7779,080



6.2. Latest Balance Sheet

Balance Sheet of 2025-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets3,322,338
Total Liabilities648,051
Total Stockholder Equity2,664,489
 As reported
Total Liabilities 648,051
Total Stockholder Equity+ 2,664,489
Total Assets = 3,322,338

Assets

Total Assets3,322,338
Total Current Assets2,589,743
Long-term Assets732,595
Total Current Assets
Cash And Cash Equivalents 14,472
Short-term Investments 53,186
Net Receivables 1,472,381
Inventory 948,505
Other Current Assets 154,385
Total Current Assets  (as reported)2,589,743
Total Current Assets  (calculated)2,642,929
+/- 53,186
Long-term Assets
Property Plant Equipment 492,088
Goodwill 11
Long-term Assets Other 51,224
Long-term Assets  (as reported)732,595
Long-term Assets  (calculated)543,323
+/- 189,272

Liabilities & Shareholders' Equity

Total Current Liabilities584,413
Long-term Liabilities63,638
Total Stockholder Equity2,664,489
Total Current Liabilities
Short-term Debt 204,317
Short Long Term Debt 202,566
Accounts payable 283,835
Other Current Liabilities 96,261
Total Current Liabilities  (as reported)584,413
Total Current Liabilities  (calculated)786,979
+/- 202,566
Long-term Liabilities
Long term Debt 25,160
Capital Lease Obligations 1,751
Long-term Liabilities  (as reported)63,638
Long-term Liabilities  (calculated)26,911
+/- 36,727
Total Stockholder Equity
Common Stock191,150
Other Stockholders Equity 2,473,339
Total Stockholder Equity (as reported)2,664,489
Total Stockholder Equity (calculated)2,664,489
+/-0
Other
Capital Stock191,150
Cash and Short Term Investments 14,472
Common Stock Shares Outstanding 19,115
Liabilities and Stockholders Equity 3,322,338
Net Debt 215,005
Net Invested Capital 2,892,216
Net Working Capital 2,005,330
Property Plant and Equipment Gross 492,088
Short Long Term Debt Total 229,477



6.3. Balance Sheets Structured

Currency in INR. All numbers in thousands.

 Trend2025-03-312024-03-312023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-312013-03-312012-03-312011-03-312010-03-31
> Total Assets 
426,606
459,059
563,523
734,011
1,120,292
1,212,117
1,422,973
1,449,624
2,016,154
2,204,100
2,200,153
2,737,721
3,086,181
3,212,676
3,061,923
3,322,338
3,322,3383,061,9233,212,6763,086,1812,737,7212,200,1532,204,1002,016,1541,449,6241,422,9731,212,1171,120,292734,011563,523459,059426,606
   > Total Current Assets 
321,369
341,006
427,242
593,337
741,108
812,822
990,273
1,093,507
1,667,732
1,853,906
1,728,946
2,234,587
2,577,068
2,681,440
2,495,913
2,589,743
2,589,7432,495,9132,681,4402,577,0682,234,5871,728,9461,853,9061,667,7321,093,507990,273812,822741,108593,337427,242341,006321,369
       Cash And Cash Equivalents 
16,249
20,915
20,713
91,340
128,550
21,751
154,019
97,906
27,868
145,451
151,028
125,886
94,504
152,487
75,449
14,472
14,47275,449152,48794,504125,886151,028145,45127,86897,906154,01921,751128,55091,34020,71320,91516,249
       Short-term Investments 
0
1,154
35
35
9,344
4,898
2,940
-66,675
-11,728
-167,816
5,928
6,154
0
26,948
45,902
53,186
53,18645,90226,94806,1545,928-167,816-11,728-66,6752,9404,8989,34435351,1540
       Net Receivables 
174,680
177,020
227,535
236,903
341,136
369,257
417,792
560,152
1,193,534
611,771
596,626
987,057
1,189,336
-620
1,329,938
1,472,381
1,472,3811,329,938-6201,189,336987,057596,626611,7711,193,534560,152417,792369,257341,136236,903227,535177,020174,680
       Inventory 
130,413
141,720
178,725
243,448
258,216
250,014
351,262
390,970
446,330
981,077
901,134
1,120,779
1,222,204
1,048,818
943,699
948,505
948,505943,6991,048,8181,222,2041,120,779901,134981,077446,330390,970351,262250,014258,216243,448178,725141,720130,413
       Other Current Assets 
27
197
234
21,611
3,862
166,902
68,984
117,976
0
727,377
676,785
866
71,024
1,480,135
142,906
154,385
154,385142,9061,480,13571,024866676,785727,3770117,97668,984166,9023,86221,61123419727
   > Long-term Assets 
105,237
118,053
136,281
140,674
379,184
399,295
432,700
356,117
348,422
350,194
471,207
503,133
509,113
531,237
566,010
732,595
732,595566,010531,237509,113503,133471,207350,194348,422356,117432,700399,295379,184140,674136,281118,053105,237
       Property Plant Equipment 
91,216
87,942
94,964
97,615
214,870
218,021
237,975
276,406
301,695
159,384
249,411
606,332
314,504
336,178
373,213
492,088
492,088373,213336,178314,504606,332249,411159,384301,695276,406237,975218,021214,87097,61594,96487,94291,216
       Goodwill 
216
108
0
0
0
11
11
11
11
11
11
11
11
11
11
11
1111111111111111111111000108216
       Long Term Investments 
0
0
0
0
149
149
149
8,308
149
51
0
0
0
0
0
0
000000511498,3081491491490000
       Intangible Assets 
216
9
46
79
77
66
43
15
3
11
11
11
11
11
0
0
00111111111131543667779469216
       Other Assets 
13,774
28,687
39,831
42,831
164,061
181,032
54,430
74,823
46,460
190,749
186,336
185,037
194,521
-1
0
0
00-1194,521185,037186,336190,74946,46074,82354,430181,032164,06142,83139,83128,68713,774
> Total Liabilities 
286,813
260,710
292,456
139,524
464,923
485,586
614,082
440,233
531,711
530,970
422,499
794,668
953,006
874,933
589,373
648,051
648,051589,373874,933953,006794,668422,499530,970531,711440,233614,082485,586464,923139,524292,456260,710286,813
   > Total Current Liabilities 
267,712
247,798
283,526
131,318
399,759
422,168
552,848
385,698
499,201
521,756
412,690
771,274
836,686
704,061
499,978
584,413
584,413499,978704,061836,686771,274412,690521,756499,201385,698552,848422,168399,759131,318283,526247,798267,712
       Short-term Debt 
221,603
188,986
195,435
36,279
299,642
283,453
370,495
257,869
344,086
393,857
252,710
348,825
427,478
325,592
202,407
204,317
204,317202,407325,592427,478348,825252,710393,857344,086257,869370,495283,453299,64236,279195,435188,986221,603
       Short Long Term Debt 
0
0
0
0
363,136
554
20,000
233,560
344,086
391,785
249,150
345,313
421,304
324,532
199,806
202,566
202,566199,806324,532421,304345,313249,150391,785344,086233,56020,000554363,1360000
       Accounts payable 
34,525
37,472
54,884
74,847
72,037
103,008
106,417
86,477
76,544
81,800
96,358
320,922
343,065
259,523
242,906
283,835
283,835242,906259,523343,065320,92296,35881,80076,54486,477106,417103,00872,03774,84754,88437,47234,525
       Other Current Liabilities 
10,054
20,140
30,807
20,192
28,080
33,968
69,274
35,921
0
0
316,331
0
42,146
76,464
48,503
96,261
96,26148,50376,46442,1460316,3310035,92169,27433,96828,08020,19230,80720,14010,054
   > Long-term Liabilities 
19,101
12,912
8,930
8,206
65,164
63,418
61,234
54,535
32,510
9,214
9,810
23,394
116,320
170,872
89,395
63,638
63,63889,395170,872116,32023,3949,8109,21432,51054,53561,23463,41865,1648,2068,93012,91219,101
       Long term Debt Total 
0
0
0
0
0
62,664
60,154
53,294
32,510
7,777
7,204
7,409
35,700
104,698
0
0
00104,69835,7007,4097,2047,77732,51053,29460,15462,66400000
       Long term Debt 
16,768
10,922
7,062
6,346
63,494
62,663
60,154
53,294
29,895
6,000
1,129
3,903
35,700
104,698
20,976
25,160
25,16020,976104,69835,7003,9031,1296,00029,89553,29460,15462,66363,4946,3467,06210,92216,768
       Capital Lease Obligations 
0
0
0
0
0
0
0
1,592
0
3,849
10,855
6,075
18,308
4,654
4,828
1,751
1,7514,8284,65418,3086,07510,8553,84901,5920000000
       Other Liabilities 
0
0
0
194
483
755
1,080
1,242
0
1,437
2,606
15,985
74,467
62,579
0
0
0062,57974,46715,9852,6061,43701,2421,080755483194000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
1
1
-1
6
0
06-11100000000000
> Total Stockholder Equity
139,654
198,214
270,933
594,395
655,279
726,531
808,890
1,009,391
1,484,443
1,673,130
1,777,654
1,937,929
2,126,329
2,328,835
2,462,530
2,664,489
2,664,4892,462,5302,328,8352,126,3291,937,9291,777,6541,673,1301,484,4431,009,391808,890726,531655,279594,395270,933198,214139,654
   Common Stock
49,990
53,323
53,821
166,610
183,271
183,271
183,271
183,271
183,271
191,150
191,150
191,150
191,150
191,150
191,150
191,150
191,150191,150191,150191,150191,150191,150191,150183,271183,271183,271183,271183,271166,61053,82153,32349,990
   Retained Earnings Total Equity0000000000000000
   Accumulated Other Comprehensive Income 
89,664
138,305
-39,421
-49,583
-61,279
-79,556
-98,616
-115,199
-129,648
-143,439
-159,407
252,615
260,028
279,237
208,090
0
0208,090279,237260,028252,615-159,407-143,439-129,648-115,199-98,616-79,556-61,279-49,583-39,421138,30589,664
   Capital Surplus 
0
0
0
0
0
0
0
0
159,472
242,433
242,433
242,433
242,433
242,433
0
0
00242,433242,433242,433242,433242,433159,47200000000
   Treasury Stock0000000000000000
   Other Stockholders Equity 
0
6,586
6,585
176,133
159,472
239,028
121,891
196,337
535,427
614,296
-1,303,816
242,432
242,433
242,433
242,433
2,473,339
2,473,339242,433242,433242,433242,432-1,303,816614,296535,427196,337121,891239,028159,472176,1336,5856,5860



6.4. Balance Sheets

Currency in INR. All numbers in thousands.




6.5. Cash Flows

Currency in INR. All numbers in thousands.




6.6. Income Statements

Currency in INR. All numbers in thousands.


6.7. Latest Income Statement

Income Statement (annual), 2025-03-31. Currency in INR. All numbers in thousands.

Gross Profit (+$)
totalRevenue3,003,784
Cost of Revenue-2,410,012
Gross Profit593,772593,772
 
Operating Income (+$)
Gross Profit593,772
Operating Expense-307,441
Operating Income286,331286,331
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense307,4410
 
Net Interest Income (+$)
Interest Income0
Interest Expense-16,411
Other Finance Cost-0
Net Interest Income-16,411
 
Pretax Income (+$)
Operating Income286,331
Net Interest Income-16,411
Other Non-Operating Income Expenses0
Income Before Tax (EBT)295,411277,251
EBIT - interestExpense = 295,411
298,535
237,731
Interest Expense16,411
Earnings Before Interest and Taxes (EBIT)311,822311,822
Earnings Before Interest and Taxes (EBITDA)342,374
 
After tax Income (+$)
Income Before Tax295,411
Tax Provision-77,215
Net Income From Continuing Ops218,196218,196
Net Income221,320
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses2,717,453
Total Other Income/Expenses Net9,08016,411
 

Technical Analysis of Veto Switchgears And Cables Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Veto Switchgears And Cables Limited. The general trend of Veto Switchgears And Cables Limited is BULLISH with 28.6% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Veto Switchgears And Cables Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (28.6%) Bearish trend (-28.6%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Veto Switchgears And Cables Limited Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

SupportΒ is a price level at which demand for an asset is strong enough to prevent the price from falling further.
ResistanceΒ is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Veto Switchgears And Cables Limited.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 135.74 < 136.80 < 141.00.

The bearish price targets are: 120.10 > 118.90 > 113.00.

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Veto Switchgears And Cables Limited Daily Support & Resistance Chart
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2. Trend Indicators

2.1 Moving Averages

Shows theΒ moving averageΒ of the selected period.

  • Moving averages are laggingΒ trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Veto Switchgears And Cables Limited. The current mas is .

The long score for the Moving Averages is 9/14.
The longshort score for the Moving Averages is 4/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Veto Switchgears And Cables Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows theΒ momentumΒ of theΒ selected period based on two moving averages.

  • MACD is aΒ lagging momentumΒ indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Veto Switchgears And Cables Limited. The current macd is 1.26854626.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Veto Switchgears And Cables Limited price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Veto Switchgears And Cables Limited. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Veto Switchgears And Cables Limited price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Veto Switchgears And Cables Limited Daily Moving Average Convergence/Divergence (MACD) ChartVeto Switchgears And Cables Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Veto Switchgears And Cables Limited. The current adx is 23.92.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Veto Switchgears And Cables Limited shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Veto Switchgears And Cables Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • ShowsΒ the current trend.
  • ShowsΒ potential entry signals.
  • ShowsΒ Β potential exit signals.
  • Can be used to placeΒ trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Veto Switchgears And Cables Limited. The current sar is 122.43.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Veto Switchgears And Cables Limited Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentumΒ indicator, meaning the signals are instant.
  • RangesΒ between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Veto Switchgears And Cables Limited. The current rsi is 49.97. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending down: The RSI is trending down. -1
Veto Switchgears And Cables Limited Daily Relative Strength Index (RSI) ChartVeto Switchgears And Cables Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

ComparesΒ a certain price to multiple prices ranging over time.

  • LeadingΒ momentumΒ indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • RangesΒ between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Veto Switchgears And Cables Limited. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -4/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Veto Switchgears And Cables Limited price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Veto Switchgears And Cables Limited Daily Stochastic Oscillator ChartVeto Switchgears And Cables Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,Β the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Veto Switchgears And Cables Limited. The current cci is -25.69840468.

Veto Switchgears And Cables Limited Daily Commodity Channel Index (CCI) ChartVeto Switchgears And Cables Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Veto Switchgears And Cables Limited. The current cmo is -10.12993823.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Veto Switchgears And Cables Limited Daily Chande Momentum Oscillator (CMO) ChartVeto Switchgears And Cables Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

Β Shows the current price relative to the highest high over the last 14 days.
Β 

  • Lagging momentum indicator
  • Ranging between 0 andΒ -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Veto Switchgears And Cables Limited. The current willr is -72.11209843.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Veto Switchgears And Cables Limited is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Veto Switchgears And Cables Limited Daily Williams %R ChartVeto Switchgears And Cables Limited Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversoldΒ 

Score

Let's take a look at the Bollinger Bands of Veto Switchgears And Cables Limited.

Veto Switchgears And Cables Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Veto Switchgears And Cables Limited. The current atr is 4.48679899.

Veto Switchgears And Cables Limited Daily Average True Range (ATR) ChartVeto Switchgears And Cables Limited Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

Β Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Veto Switchgears And Cables Limited. The current obv is 45,501,137.

Veto Switchgears And Cables Limited Daily On-Balance Volume (OBV) ChartVeto Switchgears And Cables Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Veto Switchgears And Cables Limited. The current mfi is 60.35.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Veto Switchgears And Cables Limited Daily Money Flow Index (MFI) ChartVeto Switchgears And Cables Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Veto Switchgears And Cables Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2025-02-13ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-02-14STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-02-19STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-24STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-02-28CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-03-03STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-05MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2025-03-10STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-11STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-12STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-17SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-03-21DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-03-24STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-25DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-28STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-04-01DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-04-02STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-03STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2025-04-04STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-07SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-04-08STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-04-11STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-15STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-21STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-24SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-04-25STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-05-02CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-05-05STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-06DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-05-08STOCH SHORT EXITThe %K line crosses above the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-05-13DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-05-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-05-16SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-20STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-23STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-28WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-29CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-05-30STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-09STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-11STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-12RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2025-06-13MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-06-16MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2025-06-18CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-06-20STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-25CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-06-27STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-30SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-07-02STOCH LONG EXITThe %K line crosses below the %D line.
2025-07-04STOCH SHORT EXITThe %K line crosses above the %D line.
2025-07-07STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside

6.3. Candlestick Patterns

Veto Switchgears And Cables Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Veto Switchgears And Cables Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5049.971
Ma 20Greater thanMa 50126.236
Ma 50Greater thanMa 100119.719
Ma 100Greater thanMa 200111.908
OpenGreater thanClose127.000
Total3/5 (60.0%)
Penke
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