VETO
Veto Switchgears And Cables Limited (VETO) Stock Analysis
Veto Switchgears And Cables Limited manufactures wires, cables, and electrical switchgear for residential and industrial use. It sells copper and aluminium cables and modular switches through dealers in north India. The company targets affordable electrical products for builders and retailers. It is listed on Indian stock exchanges.
Industrials › Electrical Equipment & Parts
₹131.60
-3.77% 1W | +17.60% 52W
Market Cap
252 CR
P/E Ratio
9.2
52W High
₹155.9
52W Low
₹82.3
Div. Yield
0.74%
Beta
0.4
50 DMA
₹129.7
200 DMA
₹116
Profit Margin
6.7%
Inst. Own.
0%
📈 CONSOLIDATING UP
📈 CONSOLIDATING UP
Fundamentals
Profit & Loss
| Metric | Jun 2023 | 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 | 66.96 | 71.64 | 82.05 | 79.44 | 61.21 | 74.28 | 75.71 | 89.18 | 64.87 | 88.77 | 94.22 | 138.86 | 89.36 |
| Expenses | 59.13 | 61.63 | 73.33 | 75.12 | 54.11 | 65.72 | 70.52 | 78.34 | 58.57 | 80.40 | 84.41 | 125.60 | 79.92 |
| Operating Profit | 7.83 | 10.01 | 8.72 | 4.32 | 7.10 | 8.56 | 5.19 | 10.84 | 6.30 | 8.37 | 9.81 | 13.26 | 9.44 |
| OPM % | 11.69% | 13.97% | 10.63% | 5.44% | 11.60% | 11.52% | 6.86% | 12.16% | 9.71% | 9.43% | 10.41% | 9.55% | 10.56% |
| Other Income | 0.41 | 0.34 | 0.39 | 3.59 | 0.42 | 0.15 | 1.45 | 0.52 | 0.35 | 0.85 | 0.55 | 0.19 | 0.53 |
| Interest | 0.97 | 1.57 | 0.87 | 0.73 | 0.39 | 0.04 | 0.50 | 0.71 | 0.63 | 0.37 | 0.47 | 0.51 | 0.74 |
| Depreciation | 0.76 | 0.70 | 0.79 | 0.48 | 0.63 | 0.66 | 0.93 | 0.84 | 1.09 | 1.02 | 1.13 | 1.09 | 1.01 |
| Profit before tax | 6.51 | 8.08 | 7.45 | 6.70 | 6.50 | 8.01 | 5.21 | 9.81 | 4.93 | 7.83 | 8.76 | 11.85 | 8.22 |
| Tax % | 24.88% | 25.12% | 34.36% | 66.87% | 24.92% | 25.47% | 30.33% | 25.18% | 30.22% | 22.48% | 28.42% | 25.74% | 28.83% |
| Net Profit | 4.90 | 6.05 | 4.89 | 2.23 | 4.88 | 5.97 | 3.63 | 7.34 | 3.43 | 6.08 | 6.27 | 8.80 | 5.85 |
| EPS in Rs | 2.54 | 3.13 | 2.50 | 1.11 | 2.54 | 3.09 | 1.96 | 3.94 | 1.93 | 3.18 | 3.45 | 4.59 | 3.10 |
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 97 | 177 | 239 | 253 | 218 | 150 | 181 | 267 | 290 | 300 | 300 | 387 | 411 |
| Expenses | 82 | 151 | 214 | 212 | 197 | 131 | 158 | 233 | 257 | 269 | 269 | 349 | 370 |
| Operating Profit | 15 | 26 | 25 | 41 | 21 | 19 | 24 | 34 | 33 | 31 | 32 | 38 | 41 |
| OPM % | 16% | 15% | 11% | 16% | 10% | 13% | 13% | 13% | 11% | 10% | 11% | 10% | 10% |
| Other Income | 1 | -4 | 2 | 2 | 0 | 1 | 2 | 3 | 5 | 5 | 3 | 2 | 2 |
| Interest | 4 | 5 | 4 | 3 | 4 | 4 | 2 | 4 | 5 | 4 | 2 | 2 | 2 |
| Depreciation | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 4 |
| Profit before tax | 10 | 15 | 21 | 39 | 16 | 14 | 21 | 30 | 30 | 29 | 30 | 33 | 37 |
| Tax % | 27% | 15% | 14% | 26% | 27% | 33% | 31% | 32% | 33% | 37% | 26% | 26% | |
| Net Profit | 7 | 13 | 18 | 29 | 12 | 9 | 15 | 20 | 20 | 18 | 22 | 25 | 27 |
| EPS in Rs | 3.90 | 7.14 | 10.00 | 15.81 | 6.05 | 4.85 | 7.74 | 10.47 | 10.59 | 9.39 | 11.58 | 13.15 | 14.32 |
| Dividend Payout % | -0% | 28% | 20% | 13% | -0% | -0% | 13% | 10% | 9% | 11% | 9% | 8% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 10.0% | 16.0% | 8.0% |
| Profit CAGR | 7.0% | 11.0% | 4.0% |
Shareholding Pattern
Promoters45.06%
FIIs0.53%
Public54.42%
Promoters45.06%
Public54.95%
Promoters45.06%
FIIs0.01%
Public54.93%
Promoters45.06%
FIIs0.01%
Public54.94%
Promoters45.06%
FIIs0.41%
Public54.53%
Promoters50.08%
Public49.93%
Promoters45.06%
FIIs0.01%
Public54.94%
Promoters45.06%
FIIs0.42%
Public54.53%
Promoters45.06%
FIIs0.01%
Public54.94%
Promoters45.06%
FIIs0.41%
Public54.53%
VETO
Holdings Analysis
Key strengths & risk signals
70
Overall
56
Fundamental
85
Technical
Risks (1)
TOO MUCH PUBLIC HOLDING! 49.92% public ownership - higher volatility risk.
Strengths (4)
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
BULLISH TREND! 50-day average (129.7) is above 200-day average (116.0) - positive signal.
BULLISH SENTIMENT! In last 30 days: 12 up days, 18 down days. Avg volume on up days: 118,086 vs down days: 64,327. Ratio: 1.84x
LOW VOLATILITY! Beta of 0.40 - stable stock, less market risk.
Fundamental & Technical Analysis
70Overall
56Fundamental
85Technical
Fundamental Breakdown
Growth Quality
16/30
Revenue CAGR: 10.0% (MODERATE, 8/15). Profit CAGR: 7.5% (MODERATE, 8/15).
Profit Margin
3/10
LOW MARGIN! 6.7% profit margin - thin profits.
PEG Valuation
9/10
FAIRLY VALUED! PEG of 1.23 indicates reasonable valuation.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.74% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding
5/20
TOO MUCH PUBLIC HOLDING! 49.92% public ownership - higher volatility risk.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
12/10
BULLISH TREND! 50-day average (129.7) is above 200-day average (116.0) - positive signal.
Price Position
8/10
STRONG POSITION! Current price (131.6) is above both moving averages.
Trend Pattern
14/20
Current trend: CONSOLIDATING UP
52W Performance
6/10
POSITIVE YEAR! Stock gained 17.6% in the last year.
Volume Sentiment
30/30
BULLISH SENTIMENT! In last 30 days: 12 up days, 18 down days. Avg volume on up days: 118,086 vs down days: 64,327. Ratio: 1.84x
RSI
3/5
NEUTRAL! RSI at 44.8 - balanced momentum.
52W Range
4/5
UPPER HALF! Trading at 67.0% of 52W range - positive territory.
Momentum
3/5
MIXED MOMENTUM! Price growth is inconsistent - -3.8% (1 week), 5.6% (1 month), 6.6% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.40 - stable stock, less market risk.
Peer Comparison
Industrials · Electrical Equipment & Parts · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VETO | ₹131.60 | 9.2 | 6.7% | 10.0% | 7.5% | +17.6% | 70 | CONSOLIDATING UP | +59.5% | -33.0% | +37.8% | -35.6% |
| PLAZACABLE | ₹58.40 | 23.8 | 3.1% | 20.3% | 0.0% | +10.0% | 71 | BREAKDOWN | +309.1% | +15.4% | +37.9% | -19.1% |
| NIPPOBATRY | ₹311.90 | – | -5.6% | -7.5% | – | -30.0% | 49 | BOUNCE FROM SUPPORT | +110.0% | -110.0% | -2.8% | +8.4% |
| RMC | ₹184.30 | 9.6 | 5.8% | 47.3% | 23.9% | -49.5% | 60 | APPROACHING SUPPORT | -48.8% | -77.4% | -56.0% | -74.0% |
| GEEKAYWIRE | ₹32.10 | 11.7 | 6.5% | 3.3% | 7.2% | -7.0% | 64 | BOUNCE FROM SUPPORT | -19.4% | -14.7% | +3.5% | -13.3% |
| S&SPOWER | ₹277.70 | 42.4 | 2.9% | 23.6% | 60.5% | -20.6% | 53 | BREAKDOWN | -116.7% | -115.8% | +19.9% | +9.4% |
| AARTECH | ₹47.80 | 31.1 | 10.6% | 23.5% | 40.8% | -10.6% | 69 | BREAKDOWN | +60.0% | +128.6% | +69.8% | -58.3% |
| AEPL | ₹14.80 | 43.4 | 11.2% | 11.4% | 11.5% | -17.3% | 60 | BREAKDOWN | 0.0% | -58.1% | -17.7% | -60.0% |
Data from TradeAlone · Updated daily
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