What is Veto Switchgears And Cables Ltd (VETO) share price return in the past 10 years?

Veto Switchgears And Cables Ltd share price has appreciated 1.7% annually (CAGR) over the past ten years.

What is the share price of Veto Switchgears And Cables Ltd (VETO)?

Company share prices are keep on changing according to the market conditions. The current trading price of Veto Switchgears And Cables Ltd (VETO) on 05-Jun-2026 16:59:59 at 16:59 is 143.35.

What is the P/E ratio of Veto Switchgears And Cables?

The latest standalone P/E ratio of Veto Switchgears And Cables as of 05-Jun-2026 is 10.25.

What is the P/B ratio of Veto Switchgears And Cables Ltd (VETO)?

The latest standalone P/B ratio of Veto Switchgears And Cables Ltd (VETO) as of 05-Jun-2026 is 0.87.

What is the 52-week high and low of Veto Switchgears And Cables Ltd (VETO)?

The 52-week high of Veto Switchgears And Cables Ltd (VETO) is Rs. 143.35 and the 52-week low is Rs. 83.00.

Veto Switchgears And Cables Ltd (VETO) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Veto Switchgears And Cables Ltd (VETO)
Brand: Veto Switchgears And Cables

Veto Switchgears And Cables Ltd (VETO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539331 NSE: VETO Electric Equipment | Small Cap | Veto Switchgears Share Price

Veto Switchgears And Cables Ltd (VETO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539331 NSE: VETO Electric Equipment | Small Cap | Veto Switchgears Share Price

Key Metrics

Valuation Multiples

Market Cap

₹244 Cr.

Current Price

₹143.4

52-Week Low / High

₹83 / 143

TTM EPS

₹13.2

TTM Sales

₹387 Cr.

Book Value per Share

₹151.6

P/E Ratio

9.72

Lower than its 5-year historical median

Industry PE

56.3

Price to Book (P/B)

0.84

Lower than its 5-year historical median

Price to Sales (P/S)

0.63

Lower than its 5-year historical median

EV/EBITDA

6.64

Lower than its 5-year historical median

Dividend Yield

0.99%

Profitability Efficiency

Return on Equity (ROE)

8.51%

Underperforms industry median

Return on Capital Employed (ROCE)

11.19%

Underperforms industry median

Return on Assets (ROA)

6.93%

Operating Profit Margin

10.5%

Net Profit Margin

7.26%

Gross Profit Margin

10.9%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Slowing versus 3-year growth rate

0.1%

Operating Profit Growth (1 Year)

Improving versus 3-year growth rate

2.59%

Net Profit Growth (1 Year)

Improving versus 3-year growth rate

20.82%

Asset Quality

Promoter Holding

45.06%

Pledged shares (%) of Promoter's holding (%)

0.00%

Reserves

₹271 Cr.

Equity

₹19.1 Cr.

Face Value

₹10

All Time Low / High

₹25.75 / 265.00

Veto Switchgears And Cables stock performance

Key Ratios

Check Before You Invest

Quality

Locked

Valuation

Locked

Price Trend

Locked

Q.1 Is Veto Switchgears And Cables Ltd a good quality company?

Veto Switchgears And Cables Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Veto Switchgears And Cables Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Veto Switchgears And Cables Ltd vs industry peers?

Veto Switchgears And Cables Ltd revenue CAGR is 14.87%, compared to the industry median CAGR of 13.01%, indicating faster growth and gaining its market share.

Q.1 Promoter shareholding and pledge status of Veto Switchgears And Cables Ltd?

Promoters hold 45.06% of the Veto Switchgears And Cables Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of Veto Switchgears And Cables Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of -0.3% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	17.3%	19.9%	26.2%	10.1%	8.6%	10.8%	13.9%	13.2%	12.1%	11.2%	-
Value Creation Index ⓘ	0.2	0.4	0.9	-0.3	-0.4	-0.2	0.0	-0.1	-0.1	-0.2	-
Growth Parameters ⓘ
Sales ⓘ	177	239	253	218	150	181	267	290	300	300	387
Sales YoY Gr.	-	35.3%	5.9%	-13.7%	-31.2%	20.6%	47.5%	8.6%	3.4%	0.1%	-
Adj EPS ⓘ	8.8	9.9	15.8	6.1	4.9	7.7	10.4	10.3	8.4	11.6	13.2
YoY Gr.	-	12.1%	59.7%	-61.7%	-19.8%	59.4%	34.9%	-1.6%	-18.2%	37.9%	-
BVPS (₹) ⓘ	44.1	52.9	67.8	87.5	93	101.4	111.2	121.8	128.8	139.4	151.6
Adj Net Profit ⓘ	16.2	18.1	28.9	11.6	9.3	14.8	20	19.6	16	22.1	25
Cash Flow from Ops. ⓘ	21.5	19.6	-25	11	30.9	7.1	-7.9	18	27.8	15	-
Debt/CF from Ops. ⓘ	2	1.6	-1.5	3.7	0.8	5	-5.8	2.4	0.8	1.5	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	6.1%	14.9%	4%	0.1%
Adj EPS ⓘ	3.1%	19%	3.5%	37.9%
BVPSⓘ	13.6%	8.4%	7.8%	8.2%
Share Price	1.7%	2.4%	11.9%	10.1%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	21.1	19.9	23.2	7.3	5.4	8	9.8	8.8	6.7	8.6	9
Op. Profit Mgn % ⓘ	14.8	10.7	16.3	9.6	12.6	13	12.7	11.3	10.3	10.6	9.8
Net Profit Mgn % ⓘ	9.1	7.6	11.4	5.3	6.2	8.2	7.5	6.8	5.4	7.3	6.5
Debt to Equity ⓘ	0.5	0.3	0.3	0.2	0.1	0.2	0.2	0.2	0.1	0.1	0
Working Cap Days ⓘ	205	159	195	283	403	374	317	319	304	309	123
Cash Conv. Cycle ⓘ	115	115	163	248	348	307	252	253	245	248	89

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	177	239	253	218	150	181	267	290	300	300
Operating Expenses ⓘ +	151	214	212	197	131	158	233	257	269	269
Manufacturing Costs	6	5	4	6	5	6	5	6	7	7
Material Costs	128	190	190	173	105	128	193	211	221	216
Employee Cost	7	12	9	9	11	12	15	18	17	18
Other Costs ⓘ	9	7	9	10	11	12	20	23	24	27
Operating Profit ⓘ	26	25	41	21	19	24	34	33	31	32
Operating Profit Margin (%)	14.6%	10.6%	16.3%	9.6%	12.6%	13.0%	12.7%	11.3%	10.3%	10.5%
Other Income ⓘ +	0	2	2	0	1	1	3	5	5	3
Exceptional Items ⓘ	-4	0	0	0	0	0	0	0	0	0
Interest ⓘ	5	4	3	4	4	2	4	5	4	2
Depreciation ⓘ	2	2	2	1	2	2	3	3	3	3
Profit Before Tax ⓘ	15	21	39	16	14	21	30	30	29	30
Tax ⓘ	2	3	10	4	5	7	10	10	11	8
Profit After Tax	13	18	29	12	9	15	20	20	18	22
PAT Margin (%)	7.4%	7.7%	11.5%	5.3%	6.2%	8.2%	7.6%	7.1%	6.0%	7.3%
Adjusted EPS (₹)	7.1	10.0	15.8	6.1	4.9	7.7	10.5	10.6	9.4	11.6
Dividend Payout Ratio (%)	28%	20%	12.70%	0%	0%	12.90%	9.60%	9.40%	10.70%	8.60%

Valuation of Veto Switchgears - Consolidated

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	81	97	124	167	178	194	213	233	246	266
Share Capital ⓘ	18	18	18	19	19	19	19	19	19	19
Reserves ⓘ	63	79	106	148	159	175	194	214	227	247
Debt +	40	29	35	38	24	35	46	43	11	22
Long Term Debt	6	5	3	1	0	0	4	10	2	3
Short Term Debt	34	23	32	37	24	35	42	32	9	19
Minority Interest	0	0	0	0	0	1	1	1	1	1
Trade Payables	11	9	8	8	10	32	34	30	24	28
Others Liabilities ⓘ	10	9	32	5	6	10	13	11	19	10
Total Liabilities ⓘ	141	143	199	218	218	271	306	318	302	328
Fixed Assets
Net Fixed Assets ⓘ +	21	20	23	16	25	30	29	27	28	38
Gross Block	31	31	36	30	41	48	49	49	51	63
Accumulated Depreciation	10	12	13	14	16	18	20	22	23	26
CWIP ⓘ	3	8	7	0	3	2	3	7	9	11
Investments ⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	35	39	45	98	90	112	122	105	94	95
Trade Receivables	42	56	107	61	59	91	119	136	133	147
Cash Equivalents	15	10	3	15	16	13	9	15	8	1
Others Assets ⓘ	25	11	14	28	24	24	24	28	30	35
Total Assets ⓘ	141	143	199	218	218	271	306	318	302	328

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	21	20	-25	11	31	7	-8	18	28	15
PBT ⓘ	15	21	39	16	14	21	30	30	29	30
Adjustment ⓘ	7	9	4	9	5	4	8	7	6	5
Changes in Working Capital ⓘ	2	-9	-63	-5	16	-11	-37	-8	5	-10
Tax Paid ⓘ	-3	-3	-5	-10	-4	-6	-8	-12	-12	-9
Cash Flow From Investing Activity ⓘ +	-8	-11	4	-2	-13	-7	-0	-4	-7	-18
Capex	-1	-6	-4	-2	-13	-3	-1	-5	-6	-20
Net Investments	0	-6	7	-0	-0	0	0	-0	0	0
Others ⓘ	-7	1	1	0	1	-4	1	1	-1	1
Cash Flow From Financing Activity ⓘ +	-0	-21	21	3	-19	-3	4	-10	-27	-3
Net Proceeds from Shares ⓘ	0	0	0	4	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	-1	-2	-3	-2	-1	3	-8	0	0
Interest Paid ⓘ	-5	-4	-3	-4	-4	-2	-4	0	0	-1
Dividend Paid ⓘ	-1	-5	-2	0	0	0	-2	-2	-2	-2
Others ⓘ	5	-10	28	5	-14	-1	7	-0	-25	-0
Net Cash Flow ⓘ	14	-12	-0	12	-1	-4	-4	4	-6	-6

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	17.05	20.61	26.2	7.94	5.38	7.99	9.94	9.18	7.54	8.51
ROCE (%)	17.28	19.91	26.18	10.09	8.6	10.77	13.86	13.18	12.09	11.19
Asset Turnover Ratio	1.35	1.68	1.48	1.05	0.69	0.74	0.93	0.93	0.97	0.95
PAT to CFO Conversion(x)	1.62	1.11	-0.86	0.92	3.44	0.47	-0.4	0.9	1.56	0.68
Working Capital Days
Receivable Days	77.60	74.70	117	140.10	146.30	151.20	143.10	160.30	163.50	170.30
Inventory Days	62.10	56.70	60.30	119.30	228.70	203.60	160	142.80	121.20	115
Payable Days	29.90	18.60	15.70	16.70	31	59.50	62.70	55.80	45	44.50

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Veto Switchgears And Cables Ltd FAQs

The current trading price of Veto Switchgears on 05-Jun-2026 16:59 is ₹143.3.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Veto Switchgears stood at ₹244.3 Cr

The latest P/E ratio of Veto Switchgears as of 04-Jun-2026 is 10.25.

The latest P/B ratio of Veto Switchgears as of 04-Jun-2026 is 0.87.

The 52-week high of Veto Switchgears is ₹143.3 and the 52-week low is ₹83.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Veto Switchgears is ₹247 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Veto Switchgears And Cables Ltd is a average quality company.

The key valuation ratios of Veto Switchgears And Cables Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Veto Switchgears And Cables Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Veto Switchgears And Cables Ltd

Veto Switchgears and Cables is a diversified manufacturer of wires & cables, electrical accessories, industrial cables, fans, CFL lamps, pumps, modular switches, LED lights, immersion heater, MCB and distribution board, keeping in view the market demands and customer needs it tends to give satisfactory products to its customers. Having a diversified vision in every aspect of electrical manufacturing it believes in innovation and manages with dynamic changes in the market. Along with that the company is India’s first company to produce ISI mark electrical accessories. The company’s products are supplied under the brand name ‘VETO’ and ‘VIMAL POWER’ through large network of dealers and distributors to its valuable customers in India as well as in Abroad. The company is an ISO 9001:2008 certified company, engaged in manufacturing and selling wires & cables along with other electrical accessories in India.

Business area of the company

The company is engaged in manufacturing of wires & cables, electrical accessories & also deals in LED lighting, CFL & Fans.

Products

Modular Switches

Led Lightning

Slim Led Panel
Concealed Light
Deep Light
Spot Light
Flood Light
Street Light
Strip Light
Rope Light
Led Bulb
Led Tubelight
Wall & Track Light
Surface Panel

Wire & Cables

Vimal multi strand cables
Veto multistrand cables
Vimal flexible wire

MCB & Distribution Board

Circuit breaker
Distribution pannels
Isolator
AC box

Bells & Extension Cord

Ding Dong Bell
Stereo Bells
Multi Tune Bells
Extention Cords

Milestones

1967: Started its operation of manufacturing Electrical Accessories, Wires and Cables.
2007: M/s Veto Switchgears and Cables, Partnership Firm, through its Existing partners mutually agreed to register the business into the form of a Company under Companies Act, 1956 as a Private Limited Company.
2012: The company came up with an Initial Public Offer and got listed at National Stock Exchange of India Limited (NSE) through SME platform.
2015: The company migrated from SME Platform to NSE Main Board and simultaneously got listed on BSE Limited in the same year.
2015: A Wholly Owned Subsidiary Company in India in the name of Veto Electricals Private Limited taken over in the year 2014-15 which has its own manufacturing plant (100% Export Unit) at Light Engineering Zone, Mahindra SEZ, Jaipur.
2017: Veto Electricals’ commercial production started from July, 2017 onwards.
2019: Wholly Owned Subsidiary Company in India incorporated on 8th November 2019 under the name of Veto LED Lightings Private Limited.
2021: Acquired 95.5% stake in M/s Vankon Modular Private Limited in February 2021.
2024: Acquired 55% stake in M/s Veto Polytech Private Limited, Subsidiary Company in India incorporated on September 24, 2024.
2025: Acquired 51% stake in M/s VNB Appliances Private Limited, Subsidiary Company in India incorporated on March 10, 2025.

Veto Switchgears And Cables Ltd (VETO)

Veto Switchgears And Cables Ltd (VETO)

Veto Switchgears And Cables stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Veto Switchgears - Consolidated

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Veto Switchgears And Cables Ltd FAQs

About Veto Switchgears And Cables Ltd

About MoneyWorks4Me

Our Vision

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Veto Switchgears And Cables Ltd (VETO)

Veto Switchgears And Cables Ltd (VETO)

Veto Switchgears And Cables stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Veto Switchgears - Consolidated

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Veto Switchgears And Cables Ltd FAQs

What is the share price of Veto Switchgears?

What is the market cap of Veto Switchgears?

What is the P/E ratio of Veto Switchgears?

What is the P/B ratio of Veto Switchgears?

What is the 52-week high and low of Veto Switchgears?

What is the TTM revenue of Veto Switchgears?

Is Veto Switchgears And Cables Ltd a good quality company?

Is Veto Switchgears And Cables Ltd undervalued or overvalued?

Is Veto Switchgears And Cables Ltd a good buy now?

About Veto Switchgears And Cables Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.