{
  "main_header": {
    "sid": 480649,
    "name": "Veto Switchgears",
    "stock_name": "Veto Switchgears",
    "full_name": "Veto Switchgears & Cables Ltd",
    "name_url": "stocks-analysis/veto-switchgears",
    "exchange": 0,
    "exchangecode": "",
    "country_id": 34,
    "currency": "INR",
    "cmp": "110.90",
    "chg": 2.85,
    "chgp": "2.64%",
    "dir": 1,
    "prev_price": "108.05",
    "mcapval": "207.00 Cr",
    "mcap": "Micro Cap",
    "scripcode": 539331,
    "symbol": "VETO",
    "ind_name": "Electronics & Appliances",
    "ind_code": 24,
    "indexname": "",
    "isin": "INE918N01018",
    "curr_date": "Dec 05",
    "curr_time": "",
    "bse_nse_vol": "25.14 k",
    "exc_status": "Active",
    "traded_date": "Dec 05, 2025",
    "traded_date_str": "2025 12 05",
    "score": "",
    "scoreText": "",
    "Live": 0,
    "market_time": 0,
    "is_blur": 1,
    "is_blur_class": "blur-registerF-score-header",
    "is_blur_url": "https://www.marketsmojo.com/mojofeed/register?redirect=/stocks-analysis/veto-switchgears-480649-0&utm_source=Spage_Header_Score",
    "mojoone": {
      "ismore": 0
    }
  },
  "news": {
    "results": [
      {
        "title": "Veto Switchgears Sees Revision in Market Evaluation Amidst Mixed Financial Signals",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/marketsmojo-downgrades-veto-switchgears-from-hold-to-sell-on-weak-fundamentals-3746443",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/12/VetoSwitchgears_mojoScore_3746443.png",
        "date": "2025-12-04 11:08:19",
        "description": "Veto Switchgears has undergone a revision in its market evaluation, reflecting a shift in analytical perspective driven by recent financial and technical developments. The company, operating within the Electronics & Appliances sector, now faces a more cautious market assessment as various performance indicators reveal a complex outlook."
      },
      {
        "title": "How has been the historical performance of Veto Switchgears?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-veto-switchgears-3726349",
        "imagepath": "",
        "date": "2025-11-24 23:13:30",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Revenue and Profitability Trends</strong></p>\n<p>Over the past six years, Veto Switchgears has seen its net sales rise from ₹150.22 crores in March 2020 to ₹300.38 crores in March 2025, effectively doubling its top line. The growth trajectory has been particularly notable post-2020, with sales increasing steadily year-on-year, except for a slight plateau between March 2024 and March 2025. Operating profit margins, excluding other income, have remained robust, fluctuating between 10.29% and 13.03%, reflecting effective cost management despite rising raw material and purchase costs.</p>\n<p>Operating profit (PBDIT) excluding other income has grown from ₹18.86 crores in March 2020 to ₹31.69 crores in March 2025, while consolidated net profit has more than doubled from ₹9.28 crores to ₹22.13 cror..."
      },
      {
        "title": "Why is Veto Switchgears falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-veto-switchgears-fallingrising-3722120",
        "imagepath": "",
        "date": "2025-11-22 01:05:52",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Recent Price Movement and Market Comparison</strong></p>\n<p>On 21-Nov, Veto Switchgears was trading at ₹113.90, down by ₹1.20 or 1.04% from the previous close. This decline is part of a four-day consecutive fall, during which the stock has lost approximately 4.04% in value. When compared to the broader market, the stock’s performance has been underwhelming. Over the past week, Veto Switchgears declined by 0.52%, whereas the Sensex gained 0.79%. Similarly, over the last month, the stock fell by 2.98%, while the Sensex rose by 0.95%. This divergence highlights the stock’s relative weakness amid a generally positive market environment.</p>\n<p>Looking at longer-term returns, the stock has underperformed significantly. Year-to-date, it has declined by 14.07%, contrasting with the Sensex’s 9.08% g..."
      },
      {
        "title": "Veto Switchgears & Cables Financial Trend Sees Flat Quarter Amid Market Challenges",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/veto-switchgears-cables-q2-2025-financial-trend-shifts-to-flat-amid-margin-pressures-3712236",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/VetoSwitchgears_fintrenddot_3712236.png",
        "date": "2025-11-18 16:01:09",
        "description": "Veto Switchgears & Cables has reported a flat financial trend for the quarter ending September 2025, marking a shift from previous negative performance. The company’s nine-month profit after tax (PAT) stands at ₹17.30 crores, while its return on capital employed (ROCE) for the half-year is recorded at 10.26%, reflecting ongoing operational challenges within the Electronics & Appliances sector."
      },
      {
        "title": "Veto Switchgears Q2 FY26: Strong Profit Rebound Masks Margin Volatility Concerns",
        "link": "https://www.marketsmojo.com/news/result-analysis/veto-switchgears-q2-fy26-strong-profit-rebound-masks-margin-volatility-concerns-3718971",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/VetoSwitchgears_quaterlyResult_3718971.png",
        "date": "2025-11-18 15:30:49",
        "description": "Veto Switchgears and Cables Ltd. posted a consolidated net profit of ₹6.07 crores in Q2 FY26, marking a sharp 64.50% sequential recovery from Q1 FY26's ₹3.69 crores. However, the year-on-year growth remained modest at 2.71%, raising questions about the sustainability of this micro-cap electronics manufacturer's earnings trajectory. The company, with a market capitalisation of ₹224.00 crores, continues to trade at ₹117.50 following a 1.01% decline in the latest trading session."
      },
      {
        "title": "How has been the historical performance of Veto Switchgears?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-veto-switchgears-3708911",
        "imagepath": "",
        "date": "2025-11-17 23:11:09",
        "description": "Answer:\nThe historical performance of Veto Switchgears shows a steady growth trajectory in net sales and profitability over the years.\n\nBreakdown:\nVeto Switchgears has demonstrated consistent growth in net sales, reaching 300.38 Cr in March 2025, up from 300.09 Cr in March 2024 and significantly higher than 291.11 Cr in March 2023. The total operating income followed a similar trend, with a slight increase to 300.38 Cr in March 2025. The company's operating profit (PBDIT) was 34.24 Cr in March 2025, a decrease from 35.62 Cr in March 2024, but still reflecting a strong performance compared to previous years. Profit before tax also increased to 29.54 Cr in March 2025, while profit after tax rose to 21.82 Cr, indicating a positive trend in profitability. The earnings per share (EPS) improved to 11.57 in March 2025, up from 9.39 in March 2024. On the balance sheet, total assets grew to 327.74 Cr in March 2025, ..."
      },
      {
        "title": "How has been the historical performance of Veto Switchgears?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-veto-switchgears-3703513",
        "imagepath": "",
        "date": "2025-11-15 00:03:09",
        "description": "Answer:\nThe historical performance of Veto Switchgears shows a steady growth in net sales and profits over the years.\n\nBreakdown:\nVeto Switchgears has demonstrated consistent growth in net sales, reaching 300.38 Cr in March 2025, up from 300.09 Cr in March 2024 and significantly higher than 291.11 Cr in March 2023. The total operating income has similarly increased, reflecting a rise from 267.24 Cr in March 2022 to 300.38 Cr in March 2025. Operating profit (PBDIT) has fluctuated slightly, with a value of 34.24 Cr in March 2025 compared to 35.62 Cr in March 2024 and 38.02 Cr in March 2023. Profit before tax also saw an increase to 29.54 Cr in March 2025 from 28.75 Cr in March 2024. The profit after tax rose to 21.82 Cr in March 2025, up from 18.06 Cr in March 2024. The company's total assets increased to 327.74 Cr in March 2025, while total liabilities also rose to 327.74 Cr, indicating a balanced growth in ..."
      },
      {
        "title": "When is the next results date for Veto Switchgears?",
        "link": "https://www.marketsmojo.com/news/result-analysis/when-is-the-next-results-date-for-veto-switchgears-3693924",
        "imagepath": "",
        "date": "2025-11-12 23:16:53",
        "description": "Veto Switchgears is scheduled to declare its results on 14 November 2025...."
      },
      {
        "title": "Veto Switchgears & Cables Faces Stabilization Amid Mixed Technical Indicators and Declining Performance Metrics",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/veto-switchgears-cables-stock-downgraded-to-sell-amid-declining-performance-3684589",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/VetoSwitchgears_mojoScore_3684589.png",
        "date": "2025-11-10 08:12:23",
        "description": "Veto Switchgears & Cables has recently experienced a change in its evaluation, reflecting shifts in technical indicators. The stock's performance metrics indicate stabilization, with mixed signals from various technical analyses. Financially, the company faces challenges, including declines in key performance metrics and reduced institutional investor participation."
      }
    ],
    "total": 5023,
    "sid": "480649",
    "stock_news_url": "https://www.marketsmojo.com/news/veto-switchgears-cables-480649"
  },
  "announcements": [
    {
      "caption": "Announcement under Regulation 30 (LODR)-Newspaper Publication",
      "datetime": "15-Nov-2025",
      "details": "In compliance with the provisions of Regulation 47 of SEBI (LODR) Regulations2015 read with corresponding circulars and notifications issued thereunder we are pleased to enclose copies of Business Standard & Mumbai Lakshadweep editions of both dated 15th September 2025 in which unaudited Financials for the Second Quarter ended September 30th 2025 have been published. The aforesaid results have been approved by the Board of Directors in its meeting held on 14.11.2025.",
      "source": "BSE"
    },
    {
      "caption": "Un-Audited Standalone And Consolidated Financial Results For The Quarter Ended 30Th September 2025",
      "datetime": "14-Nov-2025",
      "details": "Pursuant to the provisions of Regulation 30 and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with corresponding circulars and notifications issued thereunder we enclose herewith a extracts of the Unaudited Standalone and Consolidated Financial Results for the Second Quarter ended 30th September 2025 of the company and a copy of press release being released in regard. The said results are approved by the board of directors of the company at its meeting held today i.e. on Friday 14th November 2025 at Jaipur which commenced at 3:00 PM and concluded at 6:20 P.M.",
      "source": "BSE"
    },
    {
      "caption": "Board Meeting Outcome for Outcome Of Board Meeting_14Th November 2025",
      "datetime": "14-Nov-2025",
      "details": "Outcome of Board Meeting",
      "source": "BSE"
    }
  ],
  "corporate_actions": [
    {
      "img": "board-meeting.svg",
      "title": "BOARD MEETING",
      "msg": "<span>No</span> Upcoming Board Meetings",
      "data": []
    },
    {
      "img": "dividend.svg",
      "title": "DIVIDEND",
      "msg": "",
      "data": [
        {
          "txt": "Veto Switchgears & Cables Ltd has declared <strong>10%</strong> dividend, ex-date: 22 Sep 25",
          "dt": "2025-09-22",
          "middle_text": "Dividend Alert"
        }
      ]
    },
    {
      "img": "splits.svg",
      "title": "SPLITS",
      "msg": "No <strong>Splits</strong> history available",
      "data": []
    },
    {
      "img": "bonus.svg",
      "title": "BONUS",
      "msg": "",
      "data": [
        {
          "txt": "Veto Switchgears & Cables Ltd has announced <strong>1:10</strong> bonus issue, ex-date: 06 Sep 13",
          "dt": "2013-09-06",
          "middle_text": "Bonus Alert"
        }
      ]
    },
    {
      "img": "rights-issues.svg",
      "title": "RIGHTS",
      "msg": "No <strong>Rights</strong> history available",
      "data": []
    }
  ]
}

News and Views

Veto Switchgears Sees Revision in Market Evaluation Amidst Mixed Financial Signals

2025-12-04 11:08:19

Veto Switchgears has undergone a revision in its market evaluation, reflecting a shift in analytical perspective driven by recent financial and technical developments. The company, operating within the Electronics & Appliances sector, now faces a more cautious market assessment as various performance indicators reveal a complex outlook.

Read More

How has been the historical performance of Veto Switchgears?

2025-11-24 23:13:30

Revenue and Profitability Trends

Over the past six years, Veto Switchgears has seen its net sales rise from ₹150.22 crores in March 2020 to ₹300.38 crores in March 2025, effectively doubling its top line. The growth trajectory has been particularly notable post-2020, with sales increasing steadily year-on-year, except for a slight plateau between March 2024 and March 2025. Operating profit margins, excluding other income, have remained robust, fluctuating between 10.29% and 13.03%, reflecting effective cost management despite rising raw material and purchase costs.

Operating profit (PBDIT) excluding other income has grown from ₹18.86 crores in March 2020 to ₹31.69 crores in March 2025, while consolidated net profit has more than doubled from ₹9.28 crores to ₹22.13 cror...

Read More

Why is Veto Switchgears falling/rising?

2025-11-22 01:05:52

Recent Price Movement and Market Comparison

On 21-Nov, Veto Switchgears was trading at ₹113.90, down by ₹1.20 or 1.04% from the previous close. This decline is part of a four-day consecutive fall, during which the stock has lost approximately 4.04% in value. When compared to the broader market, the stock’s performance has been underwhelming. Over the past week, Veto Switchgears declined by 0.52%, whereas the Sensex gained 0.79%. Similarly, over the last month, the stock fell by 2.98%, while the Sensex rose by 0.95%. This divergence highlights the stock’s relative weakness amid a generally positive market environment.

Looking at longer-term returns, the stock has underperformed significantly. Year-to-date, it has declined by 14.07%, contrasting with the Sensex’s 9.08% g...

Read More

Veto Switchgears & Cables Financial Trend Sees Flat Quarter Amid Market Challenges

2025-11-18 16:01:09

Veto Switchgears & Cables has reported a flat financial trend for the quarter ending September 2025, marking a shift from previous negative performance. The company’s nine-month profit after tax (PAT) stands at ₹17.30 crores, while its return on capital employed (ROCE) for the half-year is recorded at 10.26%, reflecting ongoing operational challenges within the Electronics & Appliances sector.

Read More

Veto Switchgears Q2 FY26: Strong Profit Rebound Masks Margin Volatility Concerns

2025-11-18 15:30:49

Veto Switchgears and Cables Ltd. posted a consolidated net profit of ₹6.07 crores in Q2 FY26, marking a sharp 64.50% sequential recovery from Q1 FY26's ₹3.69 crores. However, the year-on-year growth remained modest at 2.71%, raising questions about the sustainability of this micro-cap electronics manufacturer's earnings trajectory. The company, with a market capitalisation of ₹224.00 crores, continues to trade at ₹117.50 following a 1.01% decline in the latest trading session.

Read More

How has been the historical performance of Veto Switchgears?

2025-11-17 23:11:09

Answer: The historical performance of Veto Switchgears shows a steady growth trajectory in net sales and profitability over the years. Breakdown: Veto Switchgears has demonstrated consistent growth in net sales, reaching 300.38 Cr in March 2025, up from 300.09 Cr in March 2024 and significantly higher than 291.11 Cr in March 2023. The total operating income followed a similar trend, with a slight increase to 300.38 Cr in March 2025. The company's operating profit (PBDIT) was 34.24 Cr in March 2025, a decrease from 35.62 Cr in March 2024, but still reflecting a strong performance compared to previous years. Profit before tax also increased to 29.54 Cr in March 2025, while profit after tax rose to 21.82 Cr, indicating a positive trend in profitability. The earnings per share (EPS) improved to 11.57 in March 2025, up from 9.39 in March 2024. On the balance sheet, total assets grew to 327.74 Cr in March 2025, ...

Read More

How has been the historical performance of Veto Switchgears?

2025-11-15 00:03:09

Answer: The historical performance of Veto Switchgears shows a steady growth in net sales and profits over the years. Breakdown: Veto Switchgears has demonstrated consistent growth in net sales, reaching 300.38 Cr in March 2025, up from 300.09 Cr in March 2024 and significantly higher than 291.11 Cr in March 2023. The total operating income has similarly increased, reflecting a rise from 267.24 Cr in March 2022 to 300.38 Cr in March 2025. Operating profit (PBDIT) has fluctuated slightly, with a value of 34.24 Cr in March 2025 compared to 35.62 Cr in March 2024 and 38.02 Cr in March 2023. Profit before tax also saw an increase to 29.54 Cr in March 2025 from 28.75 Cr in March 2024. The profit after tax rose to 21.82 Cr in March 2025, up from 18.06 Cr in March 2024. The company's total assets increased to 327.74 Cr in March 2025, while total liabilities also rose to 327.74 Cr, indicating a balanced growth in ...

Read More

When is the next results date for Veto Switchgears?

2025-11-12 23:16:53

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

Read More

Veto Switchgears & Cables Faces Stabilization Amid Mixed Technical Indicators and Declining Performance Metrics

2025-11-10 08:12:23

Veto Switchgears & Cables has recently experienced a change in its evaluation, reflecting shifts in technical indicators. The stock's performance metrics indicate stabilization, with mixed signals from various technical analyses. Financially, the company faces challenges, including declines in key performance metrics and reduced institutional investor participation.

Read More

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