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Veto Switchgears And CablesBOM:539331 -0.65%77 Return-on-Tangible-Equity is 12.13% as of Mar. 2026, which is 37% above its 10-year median of 8.84. GuruFocus rates BOM:539331 with a GF Score™ of 77/100 and a GF Value™ of ₹162.47 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,969 Industrial Products companies, Veto Switchgears And Cables ranks better than 59.95% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Veto Switchgears And Cables's annualized net income for the quarter that ended in Mar. 2026 was ₹351 Mil. Veto Switchgears And Cables's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹2,897 Mil. Therefore, Veto Switchgears And Cables's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.13%.
The historical rank and industry rank for Veto Switchgears And Cables's Return-on-Tangible-Equity or its related term are showing as below:
BOM:539331'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.38 Med: 8.84 Max: 23.19
Current: 9.06
During the past 13 years, Veto Switchgears And Cables's highest Return-on-Tangible-Equity was 23.19%. The lowest was 5.38%. And the median was 8.84%.
BOM:539331's Return-on-Tangible-Equity is ranked better than 59.95% of 2969
companies
in the Industrial Products industry
Industry Median: 6.72
vs BOM:539331: 9.06
Veto Switchgears And Cables (BOM:539331) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Veto Switchgears And Cables Return-on-Tangible-Equity Related Terms
Veto Switchgears And Cables Return-on-Tangible-Equity Historical Data
* 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 Return-on-Tangible-Equity Chart
BOM:539331 vs VRT, BE: Return-on-Tangible-Equity Comparison
For the Electrical Equipment & Parts subindustry, Veto Switchgears And Cables's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Veto Switchgears And Cables's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Veto Switchgears And Cables's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 12.13% mean?
Veto Switchgears And Cables (BOM:539331) has a Return-on-Tangible-Equity of 12.13% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Veto Switchgears And Cables and its competitors. This is 37% above median its historical median of 8.84. Over the past decade, Veto Switchgears And Cables' Return-on-Tangible-Equity has ranged from 5.38 to 23.19. According to the industry distribution chart, Veto Switchgears And Cables ranks #1189 out of 2969 companies in the Industrial Products industry, placing it in the top 40%.
Is Veto Switchgears And Cables' Return-on-Tangible-Equity too high?
Veto Switchgears And Cables' current Return-on-Tangible-Equity of 12.13% is 37% above median its 10-year median of 8.84. Over the past 10 years, this metric has ranged from a low of 5.38 to a high of 23.19. The Industrial Products industry median Return-on-Tangible-Equity is 6.72. Veto Switchgears And Cables' value of 12.13% is 80.5% above this industry median. Based on the distribution chart, Veto Switchgears And Cables ranks #1189 out of 2969 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Veto Switchgears And Cables has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Veto Switchgears And Cables' Return-on-Tangible-Equity compare to VRT and BE?
According to the Industrial Products industry distribution chart, Veto Switchgears And Cables ranks #1189 out of 2969 companies for Return-on-Tangible-Equity. This puts Veto Switchgears And Cables in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.72. Veto Switchgears And Cables' value of 12.13% is 80.5% above this benchmark. Historically, Veto Switchgears And Cables' own Return-on-Tangible-Equity has ranged from 5.38 to 23.19 over the past decade. While the company's 10-year median is 8.84 vs. the industry median of 6.72, Veto Switchgears And Cables has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.72, based on 2,969 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Veto Switchgears And Cables's current Return-on-Tangible-Equity of 12.13% is 80.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Veto Switchgears And Cables and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Veto Switchgears And Cables's current Return-on-Tangible-Equity is 12.13%, which is 37% above median its own 10-year median of 8.84. 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 ₹162.47, compared to a current price of ₹129.15 — trading 20.5% below its estimated fair value. The current Return-on-Tangible-Equity is 12.13%, which is 37% above median its 10-year median of 8.84 and 80.5% above the Industrial Products industry median of 6.72. Veto Switchgears And Cables' overall GF Score™ is 77/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Veto Switchgears And Cables (BOM:539331), the current Return-on-Tangible-Equity is 12.13% 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 ₹129.15 is trading 20.5% below its estimated GF Value™ of ₹162.47.
GuruFocus considers Veto Switchgears And Cables to be Modestly Undervalued.
Key valuation signals for BOM:539331:
Return-on-Tangible-Equity: 12.13% (37% above median its 10-year median of 8.84)
GF Value™: ₹162.47 vs. price of ₹129.15 (20.5% below fair value)
Industry Position: 80.5% above the Industrial Products median (#1189 of 2969)
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 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.
77GF Score
Get the complete analysis for BOM:539331
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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