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.