Veto Switchgears

how big is Veto Switchgears?

As of Jun 06, Veto Switchgears & Cables Ltd has a market capitalization of 250.00 Cr, classifying it as a Micro Cap company, with recent net sales of 300.38 Cr and a net profit of 22.04 Cr.

Market Cap: As of Jun 06, Veto Switchgears & Cables Ltd has a market capitalization of 250.00 Cr, which classifies it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: For the latest four quarters, Veto Switchgears reported a sum of Net Sales amounting to 300.38 Cr and a sum of Net Profit totaling 22.04 Cr. This data is consolidated.<BR><BR>Balance Sheet Snapshot: The balance sheet data is consolidated and pertains to the latest annual period ending in Mar'24. Shareholder's Funds are reported at 246.25 Cr, while Total Assets stand at 302.14 Cr.

Who are the top shareholders of the Veto Switchgears?

The top shareholders of Veto Switchgears include Veto Electropowers (India) Private Limited with a 32.28% stake, individual investors with 46.37%, and four foreign institutional investors holding 0.42%. There are no mutual funds invested, and no pledged promoter holdings.

The top shareholders of Veto Switchgears include Veto Electropowers (India) Private Limited, which holds the highest promoter stake at 32.28%. Additionally, individual investors collectively own 46.37% of the company. There are also 4 foreign institutional investors (FIIs) that hold a total of 0.42%. Notably, there are no mutual funds currently invested in the company, and there are no pledged promoter holdings.

What does Veto Switchgears do?

Veto Switchgears & Cables Ltd is a Micro Cap company in the Electronics & Appliances industry, specializing in switchgears and cables. As of March 2025, it reported net sales of ₹89 Cr and a net profit of ₹8 Cr, with a market cap of ₹249 Cr.

Overview: <BR>Veto Switchgears & Cables Ltd operates in the Electronics & Appliances industry and is categorized as a Micro Cap company.<BR><BR>History: <BR>The company was originally incorporated as a Partnership Firm in 2003 under the name "Veto Industries" and changed its name to "Veto Switchgears and Cables" in 2007. It was converted into a Private Limited Company on June 20, 2007. The latest quarterly results reported net sales and net profit for March 2025.<BR><BR>Financial Snapshot: <BR>Net Sales: 89 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 8 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: Rs 249 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 11.00 <BR>Industry P/E: 46 <BR>Dividend Yield: 0.77% <BR>Debt Equity: 0.08 <BR>Return on Equity: 8.27% <BR>Price to Book: 0.94 <BR><BR>Contact Details: <BR>Address: 506 5 Flr Plot B-9 New Link Rd, Landmark Building Andheri (W) Mumbai Maharashtra : 400058 <BR>Tel: 91-141-4100400 <BR>Email: cs.vandana@vetoswitchgears.com <BR>Website: http://www.vetoswitchgears.com

Who are in the management team of Veto Switchgears?

As of March 2022, the management team of Veto Switchgears includes Akshay Kumar Gurnani (Managing Director & CEO), Narain Das Gurnani (Whole Time Director & CFO), and several independent directors, including Govind Ram Thawani, Kanwarjeet Singh, Hari Krishan Motwani, and Sanjeev Kumar Dass, along with Jyoti Gurnani and Varsha Ranee Choudhary (Company Secretary & Compliance Officer). They oversee the company's operations and strategic direction.

As of March 2022, the management team of Veto Switchgears includes:<BR><BR>1. **Akshay Kumar Gurnani** - Managing Director & CEO<BR>2. **Govind Ram Thawani** - Independent Director<BR>3. **Narain Das Gurnani** - Whole Time Director & CFO<BR>4. **Jyoti Gurnani** - Director<BR>5. **Kanwarjeet Singh** - Independent Director<BR>6. **Hari Krishan Motwani** - Independent Director<BR>7. **Varsha Ranee Choudhary** - Company Secretary & Compliance Officer<BR>8. **Sanjeev Kumar Dass** - Independent Director<BR><BR>This team is responsible for overseeing the company's operations and strategic direction.

What is the bonus history of the Veto Switchgears?

Veto Switchgears issued a 1:10 bonus on September 6, 2013, with a record date of September 10, 2013, meaning shareholders received one additional share for every ten shares held.

Veto Switchgears has a bonus history that includes a 1:10 bonus issue announced on September 6, 2013. The record date for this bonus was September 10, 2013. This means that for every 10 shares held, shareholders received an additional share as a bonus.

Has Veto Switchgears declared dividend?

Yes, Veto Switchgears & Cables Ltd has declared a 10% dividend, amounting to 1 per share, with an ex-date of September 20, 2024. The company has shown significant long-term growth, with a total return of 282.94% over the last five years.

Veto Switchgears & Cables Ltd has declared a 10% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 10%<BR>- Amount per share: 1 per share<BR>- Ex-date: 20 Sep 24<BR><BR>Dividend Yield: 0.77%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -5.37%, with a dividend return of 0%, resulting in a total return of -5.37%.<BR><BR>Over the past year, the price return was 10.11%, the dividend return was 0.81%, leading to a total return of 10.92%.<BR><BR>In the 2-year period, the price return was 28.42%, with a dividend return of 1.98%, culminating in a total return of 30.4%.<BR><BR>For the 3-year period, the price return was 42.35%, the dividend return was 3.79%, resulting in a total return of 46.14%.<BR><BR>In the 4-year period, the price return was 3.18%, with a dividend return of 3.06%, leading to a total return of 6.24%.<BR><BR>Over the last 5 years, the price return was 274.47%, with a dividend return of 8.47%, resulting in a total return of 282.94%.<BR><BR>Overall, Veto Switchgears has declared a dividend, and while the recent returns show some volatility, the long-term performance indicates significant growth, particularly in price returns over the last five years.

Who are the peers of the Veto Switchgears?

Veto Switchgears' peers include Havells India, Dixon Technologies, Voltas, Blue Star, Crompton Greaves Consumer, Maruti Interior, Macobs, Arham Tech, and Sonam. Veto Switchgears has average management risk and below-average growth, with a 1-year return of 11.56%.

Peers: The peers of Veto Switchgears are Havells India, Dixon Technolog., Voltas, Blue Star, Crompton Gr. Con, Maruti Interior, Macobs, Arham Tech, and Sonam.<BR><BR>Quality Snapshot: Excellent management risk is observed at Dixon Technolog., Crompton Gr. Con, and Macobs, while Good management risk is found at Havells India, Blue Star, and Maruti Interior. Average management risk is present at Veto Switchgears, Voltas, Arham Tech, and Sonam. For Growth, Excellent growth is noted at Havells India, Dixon Technolog., and Blue Star, while Average growth is found at Voltas and Arham Tech. Below Average growth is observed at Crompton Gr. Con, Veto Switchgears, Maruti Interior, Macobs, and Sonam. Excellent capital structure is seen at Havells India, Voltas, Blue Star, Crompton Gr. Con, and Veto Switchgears, while Good capital structure is found at Maruti Interior and Macobs, and Average capital structure is noted at Arham Tech and Sonam.<BR><BR>Return Snapshot: Dixon Technolog. has the highest 1-year return at 46.78%, while Blue Star has the lowest at -3.32%. Veto Switchgears has a 1-year return of 11.56%, which is positive compared to Blue Star. Additionally, Maruti Interior and Voltas have negative six-month returns.

What is the technical trend for Veto Switchgears?

As of June 2, 2025, Veto Switchgears shows a mildly bearish technical trend, influenced by daily moving averages and a monthly MACD, despite some mildly bullish signals from the weekly MACD and Bollinger Bands.

As of 2 June 2025, the technical trend for Veto Switchgears has changed from mildly bullish to mildly bearish. The weekly MACD indicates a mildly bullish stance, but the monthly MACD shows a mildly bearish trend, suggesting a divergence in time frames. The daily moving averages are mildly bearish, reinforcing the current negative sentiment. Bollinger Bands are mildly bullish on both weekly and monthly charts, which adds some support but is overshadowed by the bearish signals. The KST is mildly bullish weekly but bearish monthly, indicating mixed signals. Overall, the current technical stance is mildly bearish, driven primarily by the daily moving averages and the monthly MACD.

Are Veto Switchgears latest results good or bad?

Veto Switchgears' latest financial results are disappointing, with Profit Before Tax and Profit After Tax declining by approximately 25% year-on-year, and key metrics like Earnings per Share and cash reserves also at their lowest in recent periods, indicating challenges in profitability and liquidity.

Veto Switchgears has reported disappointing financial results for the quarter ending June 2025. The company experienced a significant decline in key performance metrics, with Profit Before Tax (PBT) falling by 24.67% year-on-year to Rs 4.58 crore, and Profit After Tax (PAT) dropping by 23.9% to Rs 3.69 crore. <BR><BR>Earnings per Share (EPS) also reached its lowest point in five quarters at Rs 1.93, indicating reduced profitability for shareholders. Additionally, the company faced a concerning decrease in cash and cash equivalents, which fell to Rs 1.45 crore, the lowest in the last six half-yearly periods, suggesting a deterioration in short-term liquidity.<BR><BR>Moreover, the Debtors Turnover Ratio declined to 2.04 times, the lowest in five half-yearly periods, reflecting a slowdown in debt collection. Overall, these results indicate challenges in operational efficiency and liquidity for Veto Switchgears, leading to a generally negative assessment of their latest financial performance.

When is the next results date for Veto Switchgears?

Veto Switchgears is scheduled to announce its results on 14 November 2025.

Veto Switchgears is scheduled to declare its results on 14 November 2025.

Is Veto Switchgears overvalued or undervalued?

As of November 21, 2025, Veto Switchgears is considered very attractive with a PE ratio of 10.35, a price-to-book value of 0.79, and a PEG ratio of 0.54, indicating it is undervalued compared to peers like Polycab India and Havells India, despite a recent decline in stock performance.

As of 21 November 2025, Veto Switchgears has moved from an attractive to a very attractive valuation grade, indicating a significant positive shift in its perceived value. The company is currently undervalued, with a PE ratio of 10.35, a price-to-book value of 0.79, and an EV to EBITDA ratio of 7.55, which are all favorable compared to industry standards.<BR><BR>In comparison to its peers, Veto Switchgears stands out with a PEG ratio of 0.54, while Polycab India is classified as very expensive with a PE of 46.04, and Havells India is fair with a PE of 61.82. Additionally, Veto's return on capital employed (ROCE) is 9.24%, which is competitive within the sector. Despite a recent decline in stock performance relative to the Sensex, the company's valuation metrics suggest it is positioned well for future growth.

Should I buy, sell or hold Veto Switchgears?

How has been the historical performance of Veto Switchgears?

Veto Switchgears has shown steady growth in net sales, reaching 300.38 Cr in March 2025, with profits also increasing, including a profit after tax of 21.82 Cr. Despite fluctuations in cash flow, the company maintains a solid financial position with total assets of 327.74 Cr.

Answer:<BR>The historical performance of Veto Switchgears shows a steady growth in net sales and profit over the years, with the latest figures indicating a net sales of 300.38 Cr for the year ending March 2025.<BR><BR>Breakdown:<BR>Veto Switchgears has demonstrated a consistent upward trend in net sales, increasing from 150.22 Cr in March 2020 to 300.38 Cr in March 2025, with a slight rise from 300.09 Cr in March 2024. The total operating income mirrors this growth, reaching 300.38 Cr in March 2025. The company's operating profit (PBDIT) has fluctuated but remains strong, reported at 34.24 Cr in March 2025, down from 38.02 Cr in March 2023. Profit before tax also showed resilience, at 29.54 Cr in March 2025, while profit after tax reached 21.82 Cr, reflecting a positive trend from 14.70 Cr in March 2021. The earnings per share have improved significantly, reaching 11.57 in March 2025 compared to 4.85 in March 2020. On the balance sheet, total assets increased to 327.74 Cr in March 2025, with total liabilities at 22.77 Cr, indicating a solid financial position. Cash flow from operating activities, however, decreased to 14.00 Cr in March 2025 from 27.00 Cr in March 2024, contributing to a net cash outflow of 6.00 Cr. Overall, Veto Switchgears has shown robust growth in sales and profitability, alongside a stable asset base, despite some fluctuations in cash flow.

Why is Veto Switchgears & Cables Ltd falling/rising?

As of 18-Jan, Veto Switchgears & Cables Ltd's stock price is declining at 103.30, down 2.09%, with a significant drop of 9.86% over the past eight days. The stock has underperformed its sector and the Sensex over the past year, indicating ongoing struggles and negative investor sentiment.

As of 18-Jan, Veto Switchgears & Cables Ltd is experiencing a decline in its stock price, currently at 103.30, reflecting a change of -2.2 (-2.09%). The stock has been underperforming significantly, having lost -9.86% over the last eight consecutive days. This consistent downward trend is evident as the stock has underperformed its sector by -1.58% today alone.<BR><BR>In terms of broader performance, the stock has shown a negative return of -16.69% over the past year, contrasting sharply with the Sensex, which has gained +8.47% during the same period. Additionally, the stock's performance over various time frames reveals a troubling trend, with declines of -3.50% over the past week and -3.10% over the past month. Year-to-date, it has also fallen by -9.94%, indicating ongoing struggles.<BR><BR>The stock is trading below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically signals a bearish trend. Furthermore, there has been a significant drop in investor participation, with delivery volume decreasing by -67.05% compared to the 5-day average, suggesting waning interest from investors.<BR><BR>Despite some positive factors, such as a low debt-to-equity ratio and a reasonable price-to-book value, the overall sentiment remains negative due to poor long-term growth prospects and consistent underperformance against benchmarks. The company's operating profit growth has been modest at an annual rate of 11.09% over the last five years, and recent results have shown flat performance. These factors contribute to the stock's current decline.

Which are the latest news on Veto Switchgears?