Veto Switchgears And Cables
Veto Switchgears And Cables Limited valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Veto Switchgears And Cables Limited, framed against the sector median so the premium or discount is obvious at a glance.
Veto Switchgears And Cables Limited trades at a P/E of 11.29× and P/B of 0.96×, against the Consumer Durables sector median P/E of 33.96×.
Valuation
Profitability
Growth
Financial Health
Veto Switchgears And Cables Limited chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Veto Switchgears And Cables Limited — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Veto Switchgears And Cables Limited financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Veto Switchgears And Cables Limited, switchable between annual and quarterly views, consolidated or standalone.
Veto Switchgears And Cables Limited reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹244.29 Cr and reported EPS of ₹13.14.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 254 | 218 | 150 | 181 | 268 | 291 | 300 | 300 | 387 |
| Other Income | 2 | 0 | 1 | 1 | 3 | 4 | 5 | 3 | 2 |
| Total Income | 256 | 219 | 151 | 183 | 271 | 296 | 305 | 303 | 389 |
| Cost of Goods Sold (COGS) | 190 | 173 | 105 | 128 | 193 | 215 | 224 | 219 | 283 |
| Gross Profit | 64 | 46 | 45 | 54 | 75 | 77 | 76 | 81 | 103 |
| +Operating Expenses | 22 | 25 | 27 | 30 | 41 | 43 | 45 | 50 | 66 |
| EBITDA | 41 | 21 | 19 | 24 | 34 | 34 | 31 | 32 | 38 |
| +Non-Operating Expenses | 4 | 5 | 6 | 4 | 7 | 8 | 7 | 5 | 6 |
| Profit Before Tax (PBT) | 39 | 16 | 14 | 21 | 30 | 30 | 29 | 30 | 33 |
| +Tax Expense | 10 | 4 | 5 | 7 | 10 | 10 | 11 | 8 | 9 |
| Total Profit for Period | 29 | 12 | 9 | 15 | 20 | 20 | 18 | 22 | 25 |
| Less: Non-controlling Interests | — | — | — | 0 | 0 | 0 | 0 | — | — |
| Net Profit (Owner's PAT) | 29 | 12 | 9 | 15 | 20 | 20 | 18 | 22 | 25 |
| Earnings Per Share (EPS) | 15.81 | 6.05 | 4.85 | 7.74 | 10.56 | 10.59 | 9.39 | 11.41 | 12.86 |
| Diluted Shares Outstanding (Nos.) | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| +Additional Disclosures | 407 | 379 | 243 | 289 | 435 | 482 | 499 | 493 | 639 |
| Sales Growth % | — | -13.93 | -31.19 | 20.65 | 47.79 | 8.69 | 3.09 | 0.09 | 28.74 |
| YoY Sales Growth % | — | -13.93 | -31.19 | 20.65 | 47.79 | 8.69 | 3.09 | 0.09 | 28.74 |
| Material Cost % | 20 | 27 | 33 | 42 | 42 | 39 | 38 | 38 | 35 |
| Employee Cost % | 4 | 4 | 7 | 7 | 6 | 6 | 6 | 6 | 6 |
| Other Cost % | 5 | 7 | 10 | 10 | 9 | 8 | 9 | 10 | 11 |
| OPM % | 16 | 10 | 13 | 13 | 13 | 12 | 10 | 11 | 10 |
| Tax % | 26 | 27 | 33 | 31 | 32 | 33 | 37 | 26 | 26 |
| Profit Growth % | — | -60.05 | -19.82 | 59.43 | 35.30 | 1.15 | -11.34 | 21.54 | 12.67 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| +Additional Fields | 40 | 19 | 17 | 22 | 31 | 31 | 28 | 29 | 33 |
Veto Switchgears And Cables segment analysis: revenue and profit mix.
Disclosed business segments at Veto Switchgears And Cables with their share of revenue and profit, switchable between consolidated and standalone reporting.
Veto Switchgears And Cables discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
The Bull, Bear, and Flip case for Veto Switchgears And Cables Limited.
Our AI distills the core fundamental drivers supporting Veto Switchgears And Cables Limited, the risks that threaten it, and the exact valuation or growth triggers that should make you re-evaluate.
Veto Switchgears And Cables Limited's investment case rests on 10 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
Very low debt-to-equity ratio of 0.09 signifies robust financial stability.
Attractive P/E ratio of 10.68 suggests potential undervaluation compared to peers.
Price-to-Book value of 0.84 indicates the stock trades below intrinsic value.
Substantial promoter holding at 45.1% reflects strong management confidence.
Demonstrated 5-year revenue growth (CAGR 14.87%) indicates consistent market expansion.
What can break it.
Reported significant quarterly profit decline of -23.90% raises profitability concerns.
Relatively low Return on Equity (8.62%) suggests inefficient capital utilization.
Declining promoter holding from 55.74% to 45.06% signals reduced insider confidence.
Stock price near 52-week low (123.00 vs 92.60) reflects underperformance.
Negative 5-year dividend growth rate (-19.73%) indicates inconsistent shareholder returns.
What would change my mind.
Trim if P/E re-rates above 15 (~0.4× the sector multiple of 34.0). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
Veto Switchgears And Cables Limited peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Veto Switchgears And Cables Limited is highlighted for quick read-across.
Quick Compare
Veto Switchgears And Cables Limited technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Veto Switchgears And Cables Limited — derived from the live tape, not yesterday's close.
Veto Switchgears And Cables Limited last traded at ₹138.67 with an intraday range of ₹135.01–₹142.9 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹138.67| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 158.49 | +19.82 | +14.29% |
| R3 | 150.60 | +11.93 | +8.60% |
| R2 | 146.75 | +8.08 | +5.83% |
| R1 | 142.71 | +4.04 | +2.91% |
| PIVOT | 138.86 | 0.19 | 0.14% |
| CURRENT | 138.67 | — | — |
| S1 | 119.04 | -19.63 | -14.16% |
| S2 | 126.93 | -11.74 | -8.47% |
| S3 | 130.97 | -7.70 | -5.55% |
| S4 | 134.82 | -3.85 | -2.78% |
VETO is trading Below CPR, indicating Bearishness
CPR is Narrower, suggesting likely for trending moves
Day's range: ~
Trading Inside opening range
Veto Switchgears And Cables Limited delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Veto Switchgears And Cables Limited over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Veto Switchgears And Cables Limited stood at 55.4% of traded volume, against a 20-day average of 53.0%.
Veto Switchgears And Cables announcements: results, concalls, ratings, M&A.
Filings Veto Switchgears And Cables sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Veto Switchgears And Cables files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 33 documents below.
General Updates
Veto Switchgears And Cables Limited has informed the Exchange about General Updates transfer of shares by way of gift
Copy of Newspaper Publication
Veto Switchgears And Cables Limited has informed the Exchange about Copy of Newspaper Publication
Certificate under SEBI (Depositories and Participants) Regulations, 2018
Veto Switchgears And Cables Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
Copy of Newspaper Publication
Veto Switchgears And Cables Limited has informed the Exchange about Copy of Newspaper Publication
Outcome of Board Meeting
Veto Switchgears And Cables Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
Veto Switchgears And Cables dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Veto Switchgears And Cables has declared, sequenced by announce and record date.
Veto Switchgears And Cables corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Veto Switchgears And Cables Limited: business, sector, key facts.
What Veto Switchgears And Cables Limited does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Veto Switchgears And Cables Limited operates in the Consumer Electronics industry under the Consumer Durables sector, listed as NSE: VETO, BSE: 539331.
Veto Switchgears and Cables Limited is an Indian company primarily involved in the manufacturing and sale of wires, cables, and a wide range of electrical accessories. Its operations span both the domestic Indian market and international territories. The company's product portfolio is extensive and caters to diverse electrical needs.
The company's business is segmented into three key areas: Wire and Cables, Accessories & Others, and Lighting and Fittings. The Wire and Cables segment encompasses a variety of products including multi-strand and flexible wires, catering to various applications. The Accessories & Others segment focuses on a broad selection of electrical accessories such as Vyoma and power modular switches, miniature circuit breakers (MCBs), circuit breakers, distribution panels, isolators, AC boxes, bells, and extension cords. This segment also includes other miscellaneous electrical accessories like switch sockets and bells.
The Lighting and Fittings segment offers a comprehensive array of lighting solutions. This includes a diverse range of LED lighting options like slim LED panels, concealed lights, deep lights, spotlights, floodlights, streetlights, strip lights, rope lights, LED bulbs, and tube lights. Additionally, wall and track lights, and surface panels are also part of their offering. The company also manufactures and sells fans including ceiling, wall, pedestal, and table fans.
Veto Switchgears and Cables Limited utilizes a robust distribution network comprised of dealers and distributors to effectively market its products under its prominent brand names, VETO and VIMAL POWER. Established in 1967 and headquartered in Jaipur, India, the company has a significant history in the Indian electrical industry, showcasing its longevity and market presence.
Questions investors ask about Veto Switchgears And Cables Limited (VETO).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Veto Switchgears And Cables Limited (VETO)?
The current share price of Veto Switchgears And Cables Limited (VETO) is ₹138.67. Today, the stock has gained by ₹0.92 (0.67%), trading in a range of ₹135.01 to ₹142.9. The stock opened at ₹137.8 with a trading volume of 1,52,134 shares.
02Is Veto Switchgears And Cables Limited stock a good investment for long-term?
Veto Switchgears And Cables Limited can be considered for long-term investment based on several factors. The company has a market capitalization of ₹244.29 crores, P/E ratio of 11.29, ROE of 8.47%, and ROCE of 11.10%. The dividend yield stands at 0.78%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Veto Switchgears And Cables Limited stock?
The 52-week high price of Veto Switchgears And Cables Limited (VETO) is ₹153.95, while the 52-week low is ₹82.32. Currently trading at ₹138.67, the stock is 78.7% away from its 52-week low and 9.9% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Veto Switchgears And Cables Limited stock at the current price?
Whether to buy Veto Switchgears And Cables Limited stock at ₹138.67 depends on multiple factors. The stock is currently trading with a P/E ratio of 11.29 and P/B ratio of 0.96. Today's performance shows a gain of 0.67%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Veto Switchgears And Cables Limited and when is the next dividend?
Veto Switchgears And Cables Limited offers a dividend yield of 0.78%, which means for every ₹100 invested at the current price of ₹138.67, you can expect to receive approximately ₹0.78 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Veto Switchgears And Cables Limited?
Veto Switchgears And Cables Limited's key financial metrics include: P/E Ratio: 11.29, P/B Ratio: 0.96, ROE: 8.47%, ROCE: 11.10%, Dividend Yield: 0.78%, EPS: ₹13.14, Book Value: ₹151.4, and Debt-to-Equity: 0.00. The company's market cap stands at ₹244.29 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Veto Switchgears And Cables Limited stock performing today in the market?
Veto Switchgears And Cables Limited stock opened at ₹137.8 and is currently trading at ₹138.67, showing a gain of ₹0.92 (0.67%). The intraday high is ₹142.9 and low is ₹135.01. The trading volume stands at 1,52,134 shares, indicating moderate market participation today.
08What is the P/E ratio of Veto Switchgears And Cables Limited and what does it indicate?
Veto Switchgears And Cables Limited has a Price-to-Earnings (P/E) ratio of 11.29, which means investors are willing to pay ₹11.29 for every ₹1 of earnings. With an EPS of ₹13.14, this P/E ratio suggests the stock may be undervalued or facing growth challenges. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Veto Switchgears And Cables Limited (VETO) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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