VETO Stock Overview
Engages in the manufacture and sale of wires and cables, and electrical accessories in India and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
My Notes
Capture your thoughts, links and company narrative
Veto Switchgears and Cables Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹134.00 |
| 52 Week High | ₹196.00 |
| 52 Week Low | ₹106.05 |
| Beta | 0.85 |
| 1 Month Change | 3.96% |
| 3 Month Change | -12.11% |
| 1 Year Change | 14.73% |
| 3 Year Change | 30.10% |
| 5 Year Change | 266.12% |
| Change since IPO | 71.68% |
Recent News & Updates
Recent updates
Veto Switchgears and Cables (NSE:VETO) Is Due To Pay A Dividend Of ₹1.00
Sep 06
Improved Earnings Required Before Veto Switchgears and Cables Limited (NSE:VETO) Stock's 27% Jump Looks Justified
Jul 28We Think Veto Switchgears and Cables (NSE:VETO) Can Stay On Top Of Its Debt
Jul 27Returns On Capital At Veto Switchgears and Cables (NSE:VETO) Have Hit The Brakes
Jun 05Improved Earnings Required Before Veto Switchgears and Cables Limited (NSE:VETO) Shares Find Their Feet
Mar 14Veto Switchgears and Cables (NSE:VETO) Seems To Use Debt Quite Sensibly
Feb 09Veto Switchgears and Cables (NSE:VETO) Has Announced A Dividend Of ₹1.00
Sep 07Estimating The Fair Value Of Veto Switchgears and Cables Limited (NSE:VETO)
Jul 11Veto Switchgears and Cables (NSE:VETO) Could Be Struggling To Allocate Capital
Jun 01Here's Why We Think Veto Switchgears and Cables (NSE:VETO) Is Well Worth Watching
Mar 29Is Veto Switchgears and Cables (NSE:VETO) Using Too Much Debt?
Feb 28The Returns On Capital At Veto Switchgears and Cables (NSE:VETO) Don't Inspire Confidence
Dec 31Veto Switchgears and Cables (NSE:VETO) Will Pay A Dividend Of ₹1.00
Sep 04Veto Switchgears and Cables (NSE:VETO) Has A Pretty Healthy Balance Sheet
Jun 17Here's Why I Think Veto Switchgears and Cables (NSE:VETO) Might Deserve Your Attention Today
May 13These 4 Measures Indicate That Veto Switchgears and Cables (NSE:VETO) Is Using Debt Reasonably Well
Feb 23Veto Switchgears and Cables (NSE:VETO) Has A Rock Solid Balance Sheet
Aug 12Returns On Capital At Veto Switchgears and Cables (NSE:VETO) Paint A Concerning Picture
May 17Estimating The Fair Value Of Veto Switchgears and Cables Limited (NSE:VETO)
Mar 03Here's What To Make Of Veto Switchgears and Cables' (NSE:VETO) Returns On Capital
Feb 09
Veto Switchgears and Cables Limited's (NSE:VETO) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Dec 23Trade Alert: Kishore Gurnani At Veto Switchgears and Cables Limited (NSE:VETO), Has Just Spent ₹4.3m Buying 18% More Shares
Nov 22Shareholder Returns
| VETO | IN Electrical | IN Market | |
|---|---|---|---|
| 7D | -1.5% | -1.5% | -2.1% |
| 1Y | 14.7% | 59.8% | 22.5% |
Return vs Industry: VETO underperformed the Indian Electrical industry which returned 59.8% over the past year.
Return vs Market: VETO underperformed the Indian Market which returned 22.5% over the past year.
Price Volatility
| VETO volatility | |
|---|---|
| VETO Average Weekly Movement | 4.8% |
| Electrical Industry Average Movement | 6.7% |
| Market Average Movement | 6.2% |
| 10% most volatile stocks in IN Market | 9.1% |
| 10% least volatile stocks in IN Market | 4.1% |
Stable Share Price: VETO has not had significant price volatility in the past 3 months compared to the Indian market.
Volatility Over Time: VETO's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1967 | 331 | Akshay Gurnani | 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, Accessories & Others, and Lighting and Fittings, and 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
| VETO fundamental statistics | |
|---|---|
| Market cap | ₹2.60b |
| Earnings (TTM) | ₹179.27m |
| Revenue (TTM) | ₹2.97b |
14.3x
P/E Ratio0.9x
P/S RatioIs VETO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| VETO income statement (TTM) | |
|---|---|
| Revenue | ₹2.97b |
| Cost of Revenue | ₹2.22b |
| Gross Profit | ₹750.37m |
| Other Expenses | ₹571.11m |
| Earnings | ₹179.27m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 9.38 |
| Gross Margin | 25.25% |
| Net Profit Margin | 6.03% |
| Debt/Equity Ratio | 4.2% |
How did VETO perform over the long term?
See historical performance and comparisonDividends
0.7%
Current Dividend Yield11%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 11:38 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Veto Switchgears and Cables Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Vijay Madunala | FirstCall Research |
| Naveed MD. | FirstCall Research |