Veto Switchgears And Cables (BOM:539331) ROCE %: 16.66% (As of Mar. 2026)


BOM:539331 Veto Switchgears And Cables Ltd BOM:539331
78 GF Score
Price ₹125.10
GF Value ₹159.90
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Veto Switchgears And Cables ROCE %?

Veto Switchgears And Cables BOM:539331 -2.76% 78 ROCE % is 16.66% as of Mar. 2026. GuruFocus rates BOM:539331 with a GF Score™ of 78/100 and a GF Value™ of ₹159.90 (Modestly Undervalued). The stock has 2 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Veto Switchgears And Cables's annualized ROCE % for the quarter that ended in Mar. 2026 was 16.66%.

Veto Switchgears And Cables  (BOM:539331) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Veto Switchgears And Cables ROCE % Related Terms

Veto Switchgears And Cables ROCE % Historical Data

* Premium members only.

The historical data trend for Veto Switchgears And Cables's ROCE % 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 ROCE % Chart

Veto Switchgears And Cables Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.60 14.66 12.81 11.81 12.39

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
ROCE % 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 15.37 8.11 11.57 13.02 16.66
BOM:539331
78GF Score
Veto Switchgears And Cables Ltd BOM:539331
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Veto Switchgears And Cables ROCE % Calculation

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

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=353.401/( ( (3322.338 - 584.412) + (3978.479 - 1011.89) )/ 2 )
=353.401/( (2737.926+2966.589)/ 2 )
=353.401/2852.2575
=12.39 %

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

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=494.364/( ( (0 - 0) + (3978.479 - 1011.89) )/ 1 )
=494.364/( ( 0 + 2966.589 )/ 1 )
=494.364/2966.589
=16.66 %

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

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 16.66% mean?
Veto Switchgears And Cables (BOM:539331) has a ROCE % of 16.66% as of Mar. 2026.
Is Veto Switchgears And Cables' ROCE % too high?
Veto Switchgears And Cables' current ROCE % is 16.66%. The Industrial Products industry median ROCE % is 7.09. Veto Switchgears And Cables' value of 16.66% is 135% above this industry median. 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' ROCE % compare to VRT and BE?
Veto Switchgears And Cables' ROCE % of 16.66% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.09. Veto Switchgears And Cables' value of 16.66% is 135% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.09, based on 3,027 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Veto Switchgears And Cables's current ROCE % of 16.66% is 135% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Industrial Products industry, the median ROCE % is 7.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Veto Switchgears And Cables's current ROCE % is 16.66%. 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 ₹159.90, compared to a current price of ₹125.10 — trading 21.8% below its estimated fair value. The current ROCE % is 16.66% and 135% above the Industrial Products industry median of 7.09. Veto Switchgears And Cables' overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Veto Switchgears And Cables (BOM:539331), the current ROCE % is 16.66% 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 21.8% below its estimated GF Value™ of ₹159.90. GuruFocus considers Veto Switchgears And Cables to be Modestly Undervalued.

Key valuation signals for BOM:539331:

  • ROCE %: 16.66%
  • GF Value™: ₹159.90 vs. price of ₹125.10 (21.8% below fair value)
  • GF Score™: 78/100 with 2 warning signs
  • Industry Position: 135% above the Industrial Products median

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

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

₹125.10
Price
₹159.90
GF Value