Veto Switchgears And Cables (BOM:539331) EBIT: ₹353 Mil (TTM As of Mar. 2026)


BOM:539331 Veto Switchgears And Cables Ltd BOM:539331
78 GF Score
Price ₹125.10
GF Value ₹161.55
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Veto Switchgears And Cables EBIT?

Veto Switchgears And Cables BOM:539331 -2.76% 78 EBIT is ₹353 Mil as of Mar. 2026. GuruFocus rates BOM:539331 with a GF Score™ of 78/100 and a GF Value™ of ₹161.55 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Veto Switchgears And Cables's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹124 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹353 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Veto Switchgears And Cables's annualized ROC % for the quarter that ended in Mar. 2026 was 10.21%. Veto Switchgears And Cables's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 17.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Veto Switchgears And Cables's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.90%.


Veto Switchgears And Cables  (BOM:539331) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Veto Switchgears And Cables's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=486.712 * ( 1 - 25.71% )/( (0 + 3541.088)/ 1 )
=361.5783448/3541.088
=10.21 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3978.479 - 356.381 - ( 81.01 - max(0, 1011.89 - 3230.18+81.01))
=3541.088

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Veto Switchgears And Cables's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=494.364/( ( (0 + max(0, 0)) + (492.568 + max(2331.039, 0)) )/ 1 )
=494.364/( ( 0 + 2823.607 )/ 1 )
=494.364/2823.607
=17.51 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1637.773 + 1028.414 + 482.983) - (356.381 + 0 + 461.75)
=2331.039

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Veto Switchgears And Cables's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=353.401/2542.330
=13.90 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Veto Switchgears And Cables EBIT Related Terms


Veto Switchgears And Cables EBIT Historical Data

* Premium members only.

The historical data trend for Veto Switchgears And Cables's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Veto Switchgears And Cables EBIT Chart

Veto Switchgears And Cables Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 332.96 348.77 323.54 311.82 353.40

Veto Switchgears And Cables Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 105.21 55.52 82.00 92.30 123.59

BOM:539331 vs VRT, BE: EBIT Comparison

For the Electrical Equipment & Parts subindustry, Veto Switchgears And Cables's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Veto Switchgears And Cables EV-to-EBIT vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Veto Switchgears And Cables's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Veto Switchgears And Cables's EV-to-EBIT falls into.


BOM:539331
78GF Score
Veto Switchgears And Cables Ltd BOM:539331
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Veto Switchgears And Cables EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹353 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹353 Mil mean?
Veto Switchgears And Cables (BOM:539331) has a EBIT of ₹353 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Veto Switchgears And Cables.
Is Veto Switchgears And Cables' EBIT too high?
Veto Switchgears And Cables' current EBIT is ₹353 Mil. Overall, Veto Switchgears And Cables has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Veto Switchgears And Cables' EBIT compare to VRT and BE?
Veto Switchgears And Cables' EBIT of ₹353 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Industrial Products company?
A good EBIT depends on the Industrial Products industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Veto Switchgears And Cables. Veto Switchgears And Cables's current EBIT is ₹353 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veto Switchgears And Cables stock overvalued right now?
Based on GuruFocus' analysis, Veto Switchgears And Cables (BOM:539331) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹161.55, compared to a current price of ₹125.10 — trading 22.6% below its estimated fair value. The current EBIT is ₹353 Mil. Veto Switchgears And Cables' overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Veto Switchgears And Cables (BOM:539331), the current EBIT is ₹353 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Veto Switchgears And Cables (BOM:539331) Overvalued in 2026?

Based on GuruFocus' analysis, Veto Switchgears And Cables stock appears to be undervalued. The current stock price of ₹125.10 is trading 22.6% below its estimated GF Value™ of ₹161.55. GuruFocus considers Veto Switchgears And Cables to be Modestly Undervalued.

Key valuation signals for BOM:539331:

  • EBIT: ₹353 Mil
  • GF Value™: ₹161.55 vs. price of ₹125.10 (22.6% below fair value)
  • GF Score™: 78/100 with 5 warning signs

No single metric tells the full story. See the BOM:539331 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Veto Switchgears And Cables Business Description

Other Exchanges VETO:India
Address Tonk Road, Airport Plaza Scheme, 4th Floor, Plot No. 10, Days Hotel, Behind Hotel Radisson Blu, Durgapur, Jaipur, RJ, IND, 302018
Veto Switchgears And Cables Ltd manufactures electronic goods. Its product portfolio includes Wires, Cables, Electrical accessories, Industrial cables, Fans, Compact fluorescent lamps, Modular switches, Light-emitting diode lights, Immersion heaters, Miniature circuit breakers, Distribution boards, and others. The company's segments include Wire and Cables, Lighting and Fittings, and Accessories and Others. It generates maximum revenue from the Lighting and Fittings segment.
78GF Score

Get the complete analysis for BOM:539331

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹125.10
Price
₹161.55
GF Value