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CRISIL Research assigns fundamental grade of SME 4/5 to Veto Switchgears and Cables

13 Feb 2013 Evaluate

Credit rating agency, CRISIL Research has assigned a CRISIL SME IER fundamental grade of SME 4/5 to Veto Switchgears and Cables. The grade indicates that the company's fundamentals are superior relative to other SMEs in India. The rating agency has also assigned SME valuation grade of 3/5 to the company.

The assigned SME fundamental grade reflects the company’s established position in the electrical products business in Rajasthan (accounts for over 70% of revenues) and its brands Veto and Vimal Power, which are well known in north-western India.

Peers
Company Name CMP
Waaree Energies 2342.90
Apar Industries 17648.65
Havells India 1040.60
Suzlon Energy 38.96
Siemens 3790.00
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