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Veto Switchgears and Cables NSEI:VETO Stock Report

Last Price

₹122.85

Market Cap

₹2.3b

7D

-0.7%

1Y

69.6%

Updated

28 Mar, 2024

Data

Company Financials

Veto Switchgears and Cables Limited

NSEI:VETO Stock Report

Market Cap: ₹2.3b

VETO Stock 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.

VETO fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends3/6

Veto Switchgears and Cables Limited Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Veto Switchgears and Cables
Historical stock prices
Current Share Price₹122.85
52 Week High₹156.40
52 Week Low₹72.45
Beta0.89
1 Month Change-15.31%
3 Month Change6.78%
1 Year Change69.57%
3 Year Change0.82%
5 Year Change80.26%
Change since IPO57.40%

Recent News & Updates

Improved Earnings Required Before Veto Switchgears and Cables Limited (NSE:VETO) Shares Find Their Feet

Mar 14
Improved Earnings Required Before Veto Switchgears and Cables Limited (NSE:VETO) Shares Find Their Feet

Recent updates

Improved Earnings Required Before Veto Switchgears and Cables Limited (NSE:VETO) Shares Find Their Feet

Mar 14
Improved Earnings Required Before Veto Switchgears and Cables Limited (NSE:VETO) Shares Find Their Feet

Veto Switchgears and Cables (NSE:VETO) Seems To Use Debt Quite Sensibly

Feb 09
Veto Switchgears and Cables (NSE:VETO) Seems To Use Debt Quite Sensibly

Veto Switchgears and Cables (NSE:VETO) Has Announced A Dividend Of ₹1.00

Sep 07
Veto Switchgears and Cables (NSE:VETO) Has Announced A Dividend Of ₹1.00

Estimating The Fair Value Of Veto Switchgears and Cables Limited (NSE:VETO)

Jul 11
Estimating The Fair Value Of Veto Switchgears and Cables Limited (NSE:VETO)

Veto Switchgears and Cables (NSE:VETO) Could Be Struggling To Allocate Capital

Jun 01
Veto Switchgears and Cables (NSE:VETO) Could Be Struggling To Allocate Capital

Here's Why We Think Veto Switchgears and Cables (NSE:VETO) Is Well Worth Watching

Mar 29
Here's Why We Think Veto Switchgears and Cables (NSE:VETO) Is Well Worth Watching

Is Veto Switchgears and Cables (NSE:VETO) Using Too Much Debt?

Feb 28
Is Veto Switchgears and Cables (NSE:VETO) Using Too Much Debt?

The Returns On Capital At Veto Switchgears and Cables (NSE:VETO) Don't Inspire Confidence

Dec 31
The Returns On Capital At Veto Switchgears and Cables (NSE:VETO) Don't Inspire Confidence

Veto Switchgears and Cables (NSE:VETO) Will Pay A Dividend Of ₹1.00

Sep 04
Veto Switchgears and Cables (NSE:VETO) Will Pay A Dividend Of ₹1.00

Veto Switchgears and Cables (NSE:VETO) Has A Pretty Healthy Balance Sheet

Jun 17
Veto Switchgears and Cables (NSE:VETO) Has A Pretty Healthy Balance Sheet

Here's Why I Think Veto Switchgears and Cables (NSE:VETO) Might Deserve Your Attention Today

May 13
Here's Why I Think Veto Switchgears and Cables (NSE:VETO) Might Deserve Your Attention Today

These 4 Measures Indicate That Veto Switchgears and Cables (NSE:VETO) Is Using Debt Reasonably Well

Feb 23
These 4 Measures Indicate That Veto Switchgears and Cables (NSE:VETO) Is Using Debt Reasonably Well

Veto Switchgears and Cables (NSE:VETO) Has A Rock Solid Balance Sheet

Aug 12
Veto Switchgears and Cables (NSE:VETO) Has A Rock Solid Balance Sheet

Returns On Capital At Veto Switchgears and Cables (NSE:VETO) Paint A Concerning Picture

May 17
Returns On Capital At Veto Switchgears and Cables (NSE:VETO) Paint A Concerning Picture

Estimating The Fair Value Of Veto Switchgears and Cables Limited (NSE:VETO)

Mar 03
Estimating The Fair Value Of Veto Switchgears and Cables Limited (NSE:VETO)

Here's What To Make Of Veto Switchgears and Cables' (NSE:VETO) Returns On Capital

Feb 09
Here's What To Make Of Veto Switchgears and Cables' (NSE:VETO) Returns On Capital

Veto Switchgears and Cables Limited's (NSE:VETO) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?

Dec 23
Veto Switchgears and Cables Limited's (NSE:VETO) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?

Trade Alert: Kishore Gurnani At Veto Switchgears and Cables Limited (NSE:VETO), Has Just Spent ₹4.3m Buying 18% More Shares

Nov 22
Trade Alert: Kishore Gurnani At Veto Switchgears and Cables Limited (NSE:VETO), Has Just Spent ₹4.3m Buying 18% More Shares

Shareholder Returns

VETOIN ElectricalIN Market
7D-0.7%4.2%1.8%
1Y69.6%109.5%48.6%

Return vs Industry: VETO underperformed the Indian Electrical industry which returned 107.9% over the past year.

Return vs Market: VETO exceeded the Indian Market which returned 47.3% over the past year.

Price Volatility

Is VETO's price volatile compared to industry and market?
VETO volatility
VETO Average Weekly Movement8.5%
Electrical Industry Average Movement7.3%
Market Average Movement6.6%
10% most volatile stocks in IN Market10.1%
10% least volatile stocks in IN Market4.0%

Stable Share Price: VETO has not had significant price volatility in the past 3 months.

Volatility Over Time: VETO's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

FoundedEmployeesCEOWebsite
1967331Akshay Gurnanihttps://www.vetoswitchgears.com

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 electrical accessories, including vyoma and power modular switches; and MCBs, circuit breakers, distribution panel, isolator, AC box, and bells and extension cords.

Veto Switchgears and Cables Limited Fundamentals Summary

How do Veto Switchgears and Cables's earnings and revenue compare to its market cap?
VETO fundamental statistics
Market cap₹2.35b
Earnings (TTM)₹179.08m
Revenue (TTM)₹3.06b

13.1x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VETO income statement (TTM)
Revenue₹3.06b
Cost of Revenue₹2.29b
Gross Profit₹765.92m
Other Expenses₹586.85m
Earnings₹179.08m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)9.37
Gross Margin25.06%
Net Profit Margin5.86%
Debt/Equity Ratio19.4%

How did VETO perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

9%

Payout Ratio
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