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VETO SWITCHGEARS AND CABLES
PS (Price/Sales) Ratio

The Current P/S Ratio of VETO SWITCHGEARS AND CABLES is 0.87.

Share Price ₹138.4Apr 23,2024
Market Cap ₹264.3 Cr
Sales-TTM₹304.8 CrTTM-Consolidated Results
Price/Sales0.87xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of VETO SWITCHGEARS AND CABLES

Price-to-Sales ratio, P/S Multiple, or P/S Ratio is an important valuation multiple that is defined as:

P/S = Market Capitalization / Sales

or, using per-share numbers:

P/S = Stock Price / Sales Per Share

Applying the above formula, P/S ratio of VETO SWITCHGEARS AND CABLES is calculated as :

Current Market Cap [ ₹264.3 Cr] as on Apr 23,2024

(/) Sales [ ₹304.8 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 0.87x ]

P/S Ratio indicates 'the multiple of sales' investors are willing to pay to own one share of the company.

Thus, for VETO SWITCHGEARS AND CABLES , the investors are currently willing to pay '0.87 times sales' to own 1 share of the company.

PS Multiples are one of the most widely used valuation multiple in the industry.

P/S ratios can be a reliable benchmark to compare companies with negative earnings or book value.

You may also explore Price to Earnings ratio or Price to Book ratio of VETO SWITCHGEARS AND CABLES !

The chart below summarizes the trend in P/S Ratio of VETO SWITCHGEARS AND CABLES over the last five years.

Historical PS (Price/Sales) ratio chart of VETO SWITCHGEARS AND CABLES


PS Ratio Performance Analysis for VETO SWITCHGEARS AND CABLES

- VETO SWITCHGEARS AND CABLES 's latest p/e ratio is 0.87x.

- VETO SWITCHGEARS AND CABLES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.67x.

- VETO SWITCHGEARS AND CABLES 's operated at median p/e ratio of 0.61x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, VETO SWITCHGEARS AND CABLES 's p/e ratio peaked in Mar2021 at 1.22x.

- VETO SWITCHGEARS AND CABLES 's p/e ratio hit its five-year low in Mar2020 of 0.36x.


How does VETO SWITCHGEARS AND CABLES 's P/S Ratio benchmark against top 10 peers in Electric Equipment Industry?

Peer Comparison (Electric Equipment Industry)Sales (Cr)PS RatioMarket Cap (Cr)
VETO SWITCHGEARS AND CABLES 304.80.87264.3
SIEMENS LTD20,363.99.96202,802.0
ABB INDIA LTD10,446.512.80133,663.0
HAVELLS INDIA LTD18,007.25.3996,988.6
CG POWER AND INDUSTRIAL SOLUTIONS LTD7,757.110.5181,498.5
SUZLON ENERGY LTD6,027.09.4456,901.0
HITACHI ENERGY INDIA LTD4,876.27.0134,203.7
APAR INDUSTRIES LTD15,800.71.9530,772.5
GE T&D INDIA LTD2,957.48.8926,281.9
INOX WIND LTD1,415.613.8019,535.7
SCHNEIDER ELECTRIC INFRASTRUCTURE LTD2,145.48.1317,442.6

Electric Equipment Industry Benchmark (Top 10) PS Analysis vs VETO SWITCHGEARS AND CABLES 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 0.87x
Max industry PS 13.80x
Median industry PS 8.89x
Average industry PS 8.07x



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