Veto Switchgears and Cables Management

Management criteria checks 3/4

Veto Switchgears and Cables' CEO is Akshay Gurnani, appointed in Aug 2014, has a tenure of 9.75 years. directly owns 3.6% of the company’s shares, worth ₹89.71M. The average tenure of the management team and the board of directors is 8.9 years and 7.3 years respectively.

Key information

Akshay Gurnani

Chief executive officer

₹3.6m

Total compensation

CEO salary percentage	n/a
CEO tenure	9.8yrs
CEO ownership	3.6%
Management average tenure	8.9yrs
Board average tenure	7.3yrs

Recent management updates

Recent updates

CEO

Akshay Gurnani (30 yo)

9.8yrs

Tenure

₹3,600,000

Compensation

Mr. Akshay Kumar Gurnani serves as the Chairman and Chief Executive Officer of Veto Switchgears and Cables Limited and has been its Managing Director since August 27, 2014. He also serves as the Director o...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Akshay Gurnani	Chairman	9.8yrs	₹3.60m	3.6% ₹ 89.7m
Narain Gurnani	CFO & Whole-Time Director	8yrs	₹1.20m	0.10% ₹ 2.6m
Anil Kaslya	Sr. Manager of Accounts	no data	no data	no data
Kritika Todwal	Company Secretary & Compliance Officer	less than a year	no data	no data
Vasudev Lalwani	Vice President of Marketing	no data	₹976.00k	0.030% ₹ 755.4k
Mohammad Khalid	Production Head	16.6yrs	₹481.00k	no data

8.9yrs

Average Tenure

48yo

Average Age

Experienced Management: 539331's management team is seasoned and experienced (8.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Akshay Gurnani	Chairman	9.8yrs	₹3.60m	3.6% ₹ 89.7m
Narain Gurnani	CFO & Whole-Time Director	7.7yrs	₹1.20m	0.10% ₹ 2.6m
Jyoti Gurnani	Non-Executive Non Independent Woman Director	9.8yrs	₹600.00k	no data
Kanwarjeet Singh	Non-Executive Independent Director	7yrs	₹30.00k	no data
Hari Motwani	Non-Executive Independent Director	4.7yrs	₹57.50k	no data
Sanjeev Dass	Additional Non- Executive Independent Director	1.7yrs	₹32.50k	no data

7.3yrs

Average Tenure

58yo

Average Age

Experienced Board: 539331's board of directors are considered experienced (7.3 years average tenure).

Veto Switchgears and Cables Management

Management criteria checks 3/4

Key information

Recent management updates

Veto Switchgears and Cables Limited Announces Management Changes

Vice President of Marketing recently sold ₹14m worth of stock

Veto Switchgears and Cables Limited, Annual General Meeting, Sep 29, 2023

Insider recently sold ₹124m worth of stock

Veto Switchgears and Cables Limited Announces Executive Changes

Insufficient new directors

Recent updates

Now 20% undervalued after recent price drop

Now 20% undervalued

Now 23% undervalued

Investor sentiment improves as stock rises 15%

Third quarter 2024 earnings released: EPS: ₹2.56 (vs ₹2.46 in 3Q 2023)

Veto Switchgears and Cables Limited Announces Management Changes

Second quarter 2024 earnings released: EPS: ₹3.16 (vs ₹3.69 in 2Q 2023)

Upcoming dividend of ₹1.00 per share at 0.8% yield

Vice President of Marketing recently sold ₹14m worth of stock

Veto Switchgears and Cables Limited, Annual General Meeting, Sep 29, 2023

First quarter 2024 earnings released: EPS: ₹2.56 (vs ₹3.40 in 1Q 2023)

Now 20% undervalued

Veto Switchgears and Cables Limited to Report Q1, 2024 Results on Aug 14, 2023

Investor sentiment improves as stock rises 18%

Now 20% undervalued

Full year 2023 earnings released: EPS: ₹10.70 (vs ₹10.47 in FY 2022)

Veto Switchgears and Cables Limited to Report Q4, 2023 Results on May 30, 2023

Investor sentiment improves as stock rises 18%

Third quarter 2023 earnings released: EPS: ₹2.46 (vs ₹4.26 in 3Q 2022)

Veto Switchgears and Cables Limited to Report Q3, 2023 Results on Feb 14, 2023

Investor sentiment deteriorated over the past week

Insider recently sold ₹124m worth of stock

Second quarter 2023 earnings released: EPS: ₹3.69 (vs ₹2.39 in 2Q 2022)

Veto Switchgears and Cables Limited Announces Executive Changes

Veto Switchgears and Cables Limited to Report Q2, 2023 Results on Nov 14, 2022

Investor sentiment improved over the past week

Insufficient new directors

Veto Switchgears and Cables Limited Announces the Retirement of Mr. Govind Ram Thawani as an Independent Director of the Company

Veto Switchgears and Cables Limited Approves Final Dividend for the Financial Year Ended on March 31, 2022

Upcoming dividend of ₹1.00 per share

Veto Switchgears and Cables Limited Proposes Final Dividend for the Financial Year Ended March 31, 2022

Veto Switchgears and Cables Limited, Annual General Meeting, Sep 28, 2022

First quarter 2023 earnings released

Veto Switchgears and Cables Limited to Report Q1, 2023 Results on Aug 10, 2022

Investor sentiment improved over the past week

Full year 2022 earnings: EPS and revenues miss analyst expectations

Veto Switchgears and Cables Limited Recommends Final Dividend for the Financial Year Ended 31 March 2022

Veto Switchgears and Cables Limited to Report Q4, 2022 Results on May 26, 2022

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Veto Switchgears and Cables Limited to Report Q3, 2022 Results on Feb 11, 2022

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS ₹7.76 (vs ₹4.88 in FY 2020)

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

New 90-day high: ₹141

Third quarter 2021 earnings released: EPS ₹3.12 (vs ₹1.89 in 3Q 2020)

Veto Switchgears and Cables Limited (NSEI:VETO) acquired unknown minority stake in Vankon Modular Private Limited from Manoj Kurnar Chaudhary for INR 23.14 million.

Investor sentiment improved over the past week

New 90-day high: ₹98.55

Veto Switchgears and Cables Limited to Report Q3, 2021 Results on Feb 12, 2021

New 90-day high: ₹97.75

Investor sentiment improved over the past week

New 90-day high: ₹87.10

New 90-day high: ₹82.90

Market bids up stock over the past week

Insider recently bought ₹4.3m worth of stock

Market bids up stock over the past week

Veto Switchgears and Cables Limited (NSEI:VETO) acquired 46% stake in Vankon modular Private Limited for INR 20.9 million.

New 90-day high: ₹49.60

Veto Switchgears and Cables Limited to Report Q2, 2021 Results on Nov 13, 2020

New 90-day low: ₹41.40

First quarter earnings released

Full year earnings released - EPS ₹4.88

Veto Switchgears and Cables Limited to Report Q1, 2021 Results on Sep 14, 2020