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Veto Switchgears and Cables Limited (VETO.NS)

INR130.75 +2.45 (+1.91%)
IN NSE Industrials Electrical Equipment & Parts
Address Plot No. 10, Days Hotel 302018
Jaipur, IN
CEO Akshay Kumar Gurnani
IPO 2015-04-29
ISIN INE918N01018

Explore sections of this company profile

Also trades on Bombay Stock Exchange · VETO.BO (INR) National Stock Exchange of India · VETO.NS (INR)
Description

Veto Switchgears and Cables Limited, operating with its subsidiaries, manufactures and sells a diverse range of wires, cables, and electrical accessories to both Indian and international markets. The company organizes its business into three primary segments: Wires and Cables, Lighting & Fittings, and Accessories & Others. Their extensive portfolio includes a variety of electrical accessories such as modular switches (marketed under names like vyoma, carino, and power), PUF and ZAC switches, Miniature Circuit Breakers (MCBs), isolators, distribution boxes, bells, and extension cords. In the wires and cables division, they provide multi-strand, low-tension industrial, and flexible copper cables, alongside specialized telephone and co-axial wires. The lighting segment offers a broad selection of products, encompassing LED panels, streetlights, floodlights, concealed lights, deep lights, bulbs, tubelights, surface and spot lights, wall and track lights, strip lights, and lighting chains. Compact fluorescent lamps and slim panel lights are also part of their lighting solutions. Additionally, Veto produces ceiling, ventilation, and fresh air fans, submersible pumps, and immersion heaters. The company markets its offerings through an established network of dealers and distributors, utilizing the VETO and VIMAL POWER brand names. Established in 1967, Veto Switchgears and Cables Limited is based in Jaipur, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR130.75 +2.45 (+1.91%)
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Volume Profile
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Liquidity & share structure
Average Volume
115.4K
Beta
0.30
Float Shares
18.91M
Free Float %
98.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.33% +7.41% +10.83% +18.17% +10.07% +6.67% -7.48% +20.54% -2.39% +11.18% +56.76%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
130.75
DCF (Unlevered) 114.83 -12.2%
DCF (Levered) 143.94 +10.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2024-11 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.23
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
A+
Overall Score
5 / 5
High
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
4 / 5
High
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Electrical Equipment & Parts: +13.1%
    +28.7% Q1'26: +55.7% (vs Q1'25)
  • EPS growth Electrical Equipment & Parts: +22.4%
    +13.6% Q1'26: +20.2% (vs Q1'25)
  • FCF margin FCF growth · Electrical Equipment & Parts: +27.2%
    +0.9% Q1'26: +5.5% (vs Q1'25)
  • EBIT margin Electrical Equipment & Parts: +8.2%
    +8.6% Q1'26: +8.8% (vs Q1'25)
  • ROIC Electrical Equipment & Parts: +6.4%
    +8.0% Q1'26: +11.7% (vs Q1'25)
  • Share dilution Electrical Equipment & Parts: +0.0%
    -3.1% Q1'26: -2.9% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Electrical Equipment & Parts: -0.54×
    0.57× Q1'26: 0.40× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.07) × ERP
WACC = 92% × Ke + 8% × Kd (9.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 130.75
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2018
actual
Mar 2019
actual
Revenue
2.53B
est: 2.68B (-5.6%)
2.18B
est: 2.91B (-25.2%)
EBITDA
420.38M
est: 340.52M (+23.5%)
212.41M
est: 362.92M (-41.5%)
EBIT
411.72M
est: 314.77M (+30.8%)
198.50M
est: 335.48M (-40.8%)
Net Income
289.71M
est: 330.70M (-12.4%)
115.73M
SGA
57.14M
est: 202.42M (-71.8%)
71.54M
est: 215.73M (-66.8%)
EPS
15.81
est: 16.78 (-5.8%)
6.09
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-01 A+ 5/5 4/5 3/5 5/5 4/5 4/5 5/5
2026-05-29 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-27 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-26 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-25 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-22 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-21 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-20 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-19 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-18 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-15 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-14 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-13 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-12 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-11 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-08 C+ 2/5 5/5 1/5 1/5 1/5 4/5 1/5
2026-05-07 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-05-06 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-05-05 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-05-04 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-30 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-29 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-28 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-27 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-24 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-23 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-22 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-21 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-20 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-17 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-16 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
97.94M
OE per share TTM
5.13
Owner's Yield
4.18%
Maintenance CapEx ratio
8.61%
Maint CapEx / Avg PPE
15.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.01M
Shares Outstanding
19.11M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Kritika Todwal Company Secretary & Compliance Officer 401.0K female
Akshay Kumar Gurnani Chairman, MD & Chief Executive Officer male
Anil Kaslya Sr. Manager of Accounts male
Narain Das Gurnani Chief Financial Officer & Whole-Time Director male
Vasudev Lalwani Vice President of Marketing male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits