Veto Switchgears and Cables Ltd
Fundamental Score
Veto Switchgears and Cables Ltd Share Price Live NSE/BSE
Profitability Metrics
Return on Equity
Return on Capital Employed
Operating Profit Margin (5Y)
Dividend Yield
Valuation Metrics
Price to Earnings
Market Capitalization
Industry P/E
Growth Metrics
YoY Quarterly Profit Growth
YoY Quarterly Sales Growth
Sales Growth (5Y)
EPS Growth (5Y)
Profit Growth (5Y)
Financial Health
Debt to Equity
Interest Coverage
Free Cash Flow (5Y)
Ownership Structure
Promoter Holding
FII Holding
DII Holding
Pledged Percentage
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Market Data Analysis & Educational Insights
Educational evaluation of VETO across key market metrics for learning purposes.
Positive Indicators
9 factors identified
Attractive Valuation (P/E: 10.06 vs Industry: 26.52)
Observation: Trading at discount to industry peers.
Analysis: P/E below industry average may present value opportunity if fundamentals support the business case.
Strong Revenue Growth (19.51%)
Observation: Healthy sales growth indicates market demand and execution capability.
Analysis: Revenue growth >15% suggests strong market position and growth potential. This indicates business expansion success.
Consistent Growth Track Record (14.87% CAGR)
Observation: Strong 5-year sales compound annual growth rate.
Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model and market opportunity execution over time.
Excellent EPS Growth (18.96% CAGR)
Observation: Outstanding 5-year earnings per share compound growth.
Analysis: EPS CAGR >15% indicates strong wealth creation potential and effective capital allocation over extended periods.
Strong Profit Growth Track Record (18.96% CAGR)
Observation: Consistent 5-year profit compound annual growth rate.
Analysis: Profit CAGR >15% demonstrates scalable business model and effective operational leverage over time.
Conservative Debt Levels (D/E: 0.06)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns and flexibility for growth investments.
Strong Interest Coverage (13.57x)
Observation: Earnings comfortably cover interest obligations.
Analysis: Interest coverage >5x indicates low financial distress risk and strong debt servicing capability.
Strong Cash Generation (₹25.06 Cr over 5Y)
Observation: Healthy free cash flow generation supports growth and returns.
Analysis: Strong FCF provides flexibility for dividends, debt reduction, and growth investments.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral, reducing forced-selling risk.
Analysis: Absence of share pledging eliminates potential forced-selling pressure during market stress.
Risk Factors
2 factors identified
Below-Average Return on Equity (8.62%)
Observation: Returns on equity are below industry benchmarks.
Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.
Small Market Cap
Observation: Higher investment risk due to limited size.
Analysis: Small-cap stocks typically carry higher volatility and liquidity risks.
Financial Statements
Comprehensive financial data for Veto Switchgears and Cables Ltd
About VETO
Business Overview
Veto Switchgears and Cables Limited, together with its subsidiaries, engages in the manufacture and sale of wires and cables, and electrical accessories in India and internationally. It operates through Wire and Cables, Lighting & Fittings, and Accessories & Others segments. The company offers modular switches; LED lightning, including slim LED panel, concealed light, deep light, spotlight, flood light, streetlight, strip light, rope light, LED bulb, LED tube light, wall and track light, and surface panel; and wire and cables, comprising Vimal multi strand cables, Veto multistrand cables, and Vimal flexible wire. It also provides fans, such as ceiling, wall, pedestal, and table fans; MCB and distribution board, which includes circuit breaker, distribution panels, isolator, and AC box. In addition, the company offers bells and extension cords, which comprise ding dong, stereo, and multi tune bells, as well as extension cords. The company markets its products under the VETO and VIMAL POWER brand names through a network of dealers and distributors. Veto Switchgears and Cables Limited was founded in 1967 and is based in Jaipur, India.
Company Details
Key Leadership
Corporate Events
VETO Stock Details & Analysis
Key Financial Metrics
Growth & Valuation
Frequently Asked Questions
What is the current price of Veto Switchgears and Cables Ltd (VETO)?
As of 30 Jan 2026, 01:41 pm IST, Veto Switchgears and Cables Ltd (VETO) is currently trading at ₹99.24. The stock has a market capitalization of ₹211.75 (Cr).
Is VETO share price Overvalued or Undervalued?
VETO is currently trading at a P/E ratio of 10.06x, compared to the industry average of 26.52x. Based on this relative valuation, the stock appears to be Undervalued against its sector peers.
What factors affect the Veto Switchgears and Cables Ltd share price?
Key factors influencing VETO's price include its quarterly earnings growth (Sales Growth: 19.51%), raw material costs, government infrastructure spending, and institutional flows (FII/DII holding).
Is Veto Switchgears and Cables Ltd a good stock for long-term investment?
Veto Switchgears and Cables Ltd shows a 5-year Profit Growth of 18.96% and an ROE of 8.62%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 0.06 before investing.
How does Veto Switchgears and Cables Ltd compare with its industry peers?
Veto Switchgears and Cables Ltd competes with major peers in the Consumer Electronics. Investors should compare VETO's P/E of 10.06x and ROE of 8.62% against the industry averages to determine its competitive standing.
What is the P/E ratio of VETO and what does it mean?
VETO has a P/E ratio of 10.06x compared to the industry average of 26.52x. The Price-to-Earnings (P/E) ratio is calculated by dividing the current share price by earnings per share (EPS). This means investors are paying ₹10 for every ₹1 of annual earnings.
How is VETO performing according to Bull Run's analysis?
VETO has a Bull Run fundamental score of 58.3/100, which indicates moderate strength with some areas for improvement. This comprehensive rating is based on 15+ financial parameters including profitability, growth metrics, and valuation ratios.
What sector and industry does VETO belong to?
VETO operates in the Consumer Electronics industry. This classification helps understand the competitive landscape and sector-specific trends affecting Veto Switchgears and Cables Ltd.
What is Return on Equity (ROE) and why is it important for VETO?
VETO has an ROE of 8.62%, which suggests challenges in generating returns from shareholders' equity. Return on Equity measures how efficiently Veto Switchgears and Cables Ltd generates profits from shareholders' equity.
How is VETO's debt-to-equity ratio and what does it indicate?
VETO has a debt-to-equity ratio of 0.06, which indicates conservative financing with low financial risk. A ratio below 1.0 generally indicates conservative financing.
What is VETO's dividend yield and is it a good dividend stock?
VETO offers a dividend yield of 0.90%, which means you receive ₹0.90 annual dividend for every ₹100 invested.
How has VETO grown over the past 5 years?
VETO has achieved 5-year growth rates of: Sales Growth 14.87%, Profit Growth 18.96%, and EPS Growth 18.96%.
What is the promoter holding in VETO and why does it matter?
Promoters hold 45.06% of VETO shares, with 0.00% of promoter shares pledged. High promoter holding often indicates strong management confidence.
What is VETO's market capitalization category?
VETO has a market capitalization of ₹212 crores, placing it in the Small-cap category.
How volatile is VETO stock?
VETO has a beta of N/A. A beta > 1 suggests the stock is more volatile than the market, while a beta < 1 suggests it is less volatile.
What is the 52-week high and low for VETO?
VETO has a 52-week high of ₹N/A and low of ₹N/A.
What is VETO's operating profit margin trend?
VETO has a 5-year average Operating Profit Margin (OPM) of 11.41%, indicating the company's operational efficiency.
How is VETO's quarterly performance?
Recent quarterly performance shows YoY Sales Growth of 19.51% and YoY Profit Growth of 2.71%.
What is the institutional holding pattern in VETO?
VETO has FII holding of 0.00% and DII holding of 0.00%. Significant institutional holding often suggests professional confidence in the stock.