Veto Switchgears and Cables Ltd
- P/E
- 8.6x
- 52-week range
- 82.32 – 155.9
- ROE
- 9%
- ROCE
- 12%
- Sector
- Consumer Durables
- Industry
- Consumer Electronics
- Listed on
- NSE, BSE
About
Veto Switchgears and Cables Limited is an India-based company, which is engaged in manufacturing of wires and cables, electrical accessories and also deals in light emitting diode (LED) lighting, compact fluorescent lamps (CFLs) and fans. The Company operates through three segments: Wire and Cables, Lighting & Fittings, and Accessories & Others. The Company's product portfolio ranges from slim LED panel, concealed light, deep light, spotlight, floodlight, streetlight, strip light, rope light, LED bulb, LED tube light, wall and track light, surface panel, vimal multi strand cables, veto multistrand cables, vimal flexible wire, ceiling fan, wall fan, pedestal fan, table fan, circuit breaker, distribution panels, isolator, AC box, ding-dong bell, stereo bells, multi tune bells, and extension cords. The Company has its manufacturing unit in Haridwar. The Company's subsidiaries include Veto Electricals Private Limited, Vankon Modular Private Limited, and others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Consumer Electronics: 24 companies →Veto Switchgears and Cables Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)8.6 against a typical 24.8: cheaper than most peers (1st = cheapest).4th of 23
- Sales growth+37.8% against a typical +33.3% from a year earlier.8th of 21
- Profit growth+70.6% against a typical +63.5% from a year earlier.8th of 16
- Share price, 3 months+1.8% against a typical −14.9%.7th of 22
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB+ by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]BBB+ | Stable | 31 Dec 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 31 Dec 2025 | Reaffirmed | [ICRA]BBB+ | — | ICRA | ₹ 42 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 12 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 28 May 2026 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters |
| 13 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 14 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 13 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 28 May 2025 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended March 31, 2025, dividend and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 72 | 82 | 79 | 61 | 74 | 76 | 89 | 65 | 89 | 94 | 139 | 89 |
| Expenses | 62 | 73 | 75 | 54 | 66 | 71 | 78 | 59 | 80 | 84 | 126 | 80 |
| Operating Profit | 10 | 9 | 4 | 7 | 9 | 5 | 11 | 6 | 8 | 10 | 13 | 9 |
| OPM % | 14% | 10.6% | 5.4% | 11.6% | 11.5% | 6.9% | 12.2% | 9.7% | 9.4% | 10.4% | 9.6% | 10.6% |
| Other Income | 0 | 0 | 4 | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 0 | 1 |
| Interest | 2 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 1 | 1 |
| Depreciation | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 8 | 7 | 7 | 7 | 8 | 5 | 10 | 5 | 8 | 9 | 12 | 8 |
| Tax % | 25.1% | 34.4% | 66.9% | 24.9% | 25.5% | 30.3% | 25.2% | 30.2% | 22.5% | 28.4% | 25.7% | 28.8% |
| Net Profit | 6 | 5 | 2 | 5 | 6 | 4 | 7 | 3 | 6 | 6 | 9 | 6 |
| EPS in Rs | 3.13 | 2.5 | 1.11 | 2.54 | 3.09 | 1.96 | 3.94 | 1.93 | 3.18 | 3.45 | 4.59 | 3.1 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 8%
- 5 Years
- 16%
- 3 Years
- 10%
- TTM
- 35%
- 10 Years
- 4%
- 5 Years
- 11%
- 3 Years
- 7%
- TTM
- 31%
- 10 Years
- 0%
- 5 Years
- 6%
- 3 Years
- −3%
- TTM
- —
- 10 Years
- 10%
- 5 Years
- 9%
- 3 Years
- 8%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Veto Switchgears and Cables Ltd | ₹ 123.00 | — | 8.6x | — | 9% | — |
| Bharat Forge | ₹ 1,709.60 | ₹ 81,734 Cr. | 79.6x | 9.7x | 0% | 0% |
| Havells India | ₹ 1,032.00 | ₹ 64,764 Cr. | 41.2x | 7.4x | 0% | 0% |
| Schaeffler India | ₹ 3,468.00 | ₹ 54,379 Cr. | 53.6x | 10.2x | 0% | 0% |
| Sterlite Technologies | ₹ 829.00 | ₹ 42,603 Cr. | 826x | 19.3x | 0% | 0% |
| R R Kabel | ₹ 2,150.60 | ₹ 26,329 Cr. | 54.2x | 10.7x | 0% | 0% |
Management
- Akshay Kumar Gurnani
- Chief Executive Officer, Managing Director, Executive Director
- Narain Das Gurnani
- Chief Financial Officer, Whole Time Director
- Kritika Todwal
- Chief Compliance Officer, Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.