Veto Switchgears

Why is Veto Switchgears & Cables Ltd falling/rising?

As of 03-Aug, Veto Switchgears & Cables Ltd's stock price is rising, currently at Rs 122.80, supported by strong financial results and positive short-term trends. However, its long-term growth potential is limited due to recent underperformance and a low operating profit growth rate.

As of 03-Aug, Veto Switchgears & Cables Ltd's stock price is rising, currently at Rs 122.80, reflecting an increase of Rs 1.6 or 1.32%. This rise is supported by the stock's performance today, where it reached an intraday high of Rs 123.8, marking a 2.15% increase. The stock is trading above its 5-day, 100-day, and 200-day moving averages, indicating a positive short-term trend.<BR><BR>Despite this upward movement, the stock has shown mixed performance over different periods. Over the past week, it has increased by 0.90%, but it has declined by 1.72% over the past month and has a year-to-date gain of 7.06%. However, it has underperformed over the last year, with a decrease of 9.07%, compared to a market return of 3.90% during the same period.<BR><BR>The company's strong financial results, including a significant growth in net sales of 55.71% and positive results over the last two quarters, contribute to the stock's attractiveness. The debt-to-equity ratio is low at 0.10, and the return on equity stands at 8.7, suggesting a favorable valuation compared to peers. However, the stock's long-term growth prospects are tempered by a relatively low operating profit growth rate of 9.09% over the last five years and its recent underperformance against the broader market.<BR><BR>In summary, while Veto Switchgears & Cables Ltd is experiencing a rise in stock price due to positive short-term performance and strong financial results, its long-term growth potential remains a concern, which could influence future price movements.

Which are the latest news on Veto Switchgears?

Should I buy, sell or hold Veto Switchgears & Cables Ltd?

How big is Veto Switchgears?

As of 10th June, Veto Switchgears & Cables Ltd has a market capitalization of 280.00 Cr, with net sales of 386.72 Cr and a net profit of 25.13 Cr over the latest four quarters.

As of 10th June, Veto Switchgears & Cables Ltd has a market capitalization of 280.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Veto Switchgears reported net sales of 386.72 Cr and a net profit of 25.13 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with shareholder's funds amounting to 266.45 Cr and total assets valued at 327.74 Cr.

Who are in the management team of Veto Switchgears?

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 are responsible for guiding the company's strategic direction and operations.

The management team of Veto Switchgears includes the following individuals:<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 plays a crucial role in guiding the company's strategic direction and operations.

Who are the peers of the Veto Switchgears?

Veto Switchgears' peers include Maruti Interior, Singer India, Forbes & Co, Sharp India, BPL, Inflame Appliances, Arham Tech, Sonam, and Macobs Technolo. In terms of returns, Maruti Interior leads with 126.46% over one year, while Veto Switchgears has 11.56%, and BPL shows the lowest at -45.53%.

Peers: The peers of Veto Switchgears are Maruti Interior, Singer India, Forbes & Co, Sharp India, BPL, Inflame Applian., Arham Tech, Sonam, Macobs Technolo.<BR><BR>Quality Snapshot: Excellent management risk is observed at Maruti Interior and Forbes & Co, while Average management risk is found at Singer India, Arham Tech, Sonam, and Veto Switchgears. Good growth is seen at Inflame Applian. and Arham Tech, while Below Average growth is noted for Maruti Interior, Singer India, Forbes & Co, Veto Switchgears, BPL, and Macobs Technolo. The Capital Structure is Excellent for Veto Switchgears, Good for Maruti Interior, Forbes & Co, BPL, and Macobs Technolo, Average for Arham Tech and Sonam, and Below Average for Inflame Applian.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Maruti Interior at 126.46%, while BPL has the lowest at -45.53%. Veto Switchgears has a 1-year return of 11.56%, which is significantly higher than BPL but much lower than Maruti Interior. Additionally, BPL and Inflame Applian. have negative six-month returns.

What does Veto Switchgears do?

Veto Switchgears & Cables Ltd is a micro-cap company in the electronics sector, specializing in switchgears and cables. As of March 2026, it reported net sales of ₹139 Cr and a net profit of ₹9 Cr, with a market cap of ₹280 Cr.

Overview:<BR>Veto Switchgears & Cables Ltd is engaged in the electronics and appliances sector, 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." It transitioned to "Veto Switchgears and Cables" in 2007 and became a private limited company later that year. The firm was renamed to its current title on August 3, 2012. The latest quarterly results reported net sales and net profit for March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 139 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 9 Cr (Quarterly Results - Mar 2026)<BR>- Market Cap: INR 280 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 11.00<BR>- Industry P/E: 48<BR>- Dividend Yield: 0.67%<BR>- Debt Equity: 0.07<BR>- Return on Equity: 8.67%<BR>- Price to Book: 0.98<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

Are Veto Switchgears & Cables Ltd latest results good or bad?

Veto Switchgears & Cables Ltd's latest results show strong revenue growth of 55.71% year-on-year, with net sales of ₹138.86 crores and a net profit increase of 33.23%. However, declining operating and profit margins indicate challenges in cost management, suggesting mixed overall performance.

Veto Switchgears & Cables Ltd's latest results present a mixed picture. On the positive side, the company reported a significant revenue increase of 55.71% year-on-year for Q4 FY26, with net sales reaching ₹138.86 crores. This growth reflects strong demand and effective order execution, marking the highest quarterly revenue in the company's recent history.<BR><BR>Additionally, net profit for the quarter stood at ₹8.78 crores, which is a 33.23% increase compared to the previous quarter, indicating a positive trend in profitability. The stock has also shown positive momentum, with a gain of 1.72% on the day of the results announcement and a notable appreciation over the past week and month.<BR><BR>However, there are concerns regarding profitability. The operating margin has contracted to 9.55%, down from 12.16% in the same quarter last year, indicating challenges in managing costs amidst rising input prices. The profit after tax margin also declined from 8.23% to 6.34% year-on-year, which raises questions about the company's pricing power and overall cost management.<BR><BR>In summary, while Veto Switchgears has demonstrated strong revenue growth, the declining margins and profitability metrics suggest that the company is facing significant challenges that could impact its future performance. Investors should monitor these trends closely as they evaluate the company's potential.

When is the next results date for Veto Switchgears & Cables Ltd?

The next results date for Veto Switchgears & Cables Ltd is 28 May 2026.

The next results date for Veto Switchgears & Cables Ltd is scheduled for 28 May 2026.

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.

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.

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.

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 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.