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VETO Switch Gears And Cables Ltd

VETO Share Price

103.463.34% (-3.57)
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VETO Stock Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

Avg

Can be considered moderately valued vs the market

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

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VETO Performance & Key Metrics

VETO Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
10.780.960.80%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
968.17166.530.02%

VETO Analyst Ratings & Forecast

Analyst Ratings data is currently unavailable for this stock

Price Upside

Earnings Growth

Rev. Growth

VETO Company Profile

Veto Switch Gears And Cables Limited is engaged in the manufacturing of wires and cables, electrical accessories, light emitting diode (LED) lighting, compact fluorescent lamp (CFL) and fans.

VETO Similar Stocks (Peers)

Compare with peers Compare with peers 

VETO Similar Stocks (Peers)

Compare with peers Compare with peers 
PE Ratio
65.40
65.40
1Y Return
18.24%
18.24%
Buy Reco %
46.15
46.15
PE Ratio
44.61
44.61
1Y Return
13.37%
13.37%
Buy Reco %
61.54
61.54
PE Ratio
124.92
124.92
1Y Return
48.75%
48.75%
Buy Reco %
PE Ratio
38.98
38.98
1Y Return
7.35%
7.35%
Buy Reco %
100.00
100.00
PE Ratio
52.23
52.23
1Y Return
10.42%
10.42%
Buy Reco %
45.45
45.45
Compare with Peers

VETO Sentiment Analysis

VETO Sentiment Analysis

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Crisp summary & key insights to decode earnings calls instantly

VETO Stock Summary · January 2025

Company is navigating a complex landscape characterized by declining market share in deposits, challenges in meeting Priority Sector Lending (PSL) obligations, and fluctuations in current account flows. Despite these hurdles, the bank is focusing on enhancing customer engagement and service delivery to drive deposit growth, with recent monthly inflows showing a positive trend. The management emphasizes a strategic approach to maintaining profitability over aggressive expansion, particularly in light of competitive pressures and a tight liquidity environment. Efforts to improve operational efficiencies through digitization and a commitment to stable cost management are underway, alongside a proactive strategy to reduce borrowings and strengthen the balance sheet. Overall, while facing short-term challenges, the bank remains optimistic about future performance and is committed to achieving sustainable growth through strategic investments and improved customer outreach.

VETO Stock Growth Drivers
VETO Stock Growth Drivers
5
  • Focus on Sustainable Growth

    Company is prioritizing profitable growth over mere expansion, emphasizing a strategy that encourages ground-level teams

  • Stable Financial Metrics

    The company has maintained a return on assets (ROA) of 1.9% post-merger, showcasing stability in

VETO Stock Challenges
VETO Stock Challenges
1
  • Deposit Growth Shortfalls

    The company has experienced deposit growth that has not met expectations, attributed to seasonal trends

end marker

VETO Forecast

What are forecasts?

What are forecasts?

Forecasting uses historical data as inputs to make informed predictive estimates determining the direction of future trends. Price, revenue & earnings forecasts represent where the stock level, business prospects and profits are potentially expected to be at the end of the forecast period

VETO Forecasts

empty forecast

Forecast data is currently unavailable

Forecast data is currently unavailable

Price

Price Upside

Revenue

Revenue Growth

Earnings

Earnings Per Share

VETO

VETO

Income

Balance Sheet

Cash Flow

VETO Income Statement

VETO Income Statement

Industry refers to the sub-sector this company belongs to.
Lower than Industry Revenue Growth
A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 6.87%, vs industry avg of 9.59%

Decreasing Market Share
Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 0.41% to 0.34%

Higher than Industry Net Income
Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 9.15%, vs industry avg of -2.21%

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Financial YearFY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025TTM
Total Revenue240.73255.05218.68150.90182.86270.38295.51304.82302.93302.92
Raw Materialssubtract206.85196.97227.5397.86132.91200.40196.71210.75268.69268.68
Power & Fuel Costsubtract0.991.111.080.901.090.881.141.10
Employee Costsubtract11.968.689.0310.6511.8315.2517.6316.96
Selling & Administrative Expensessubtract8.567.419.018.5114.7616.6720.1820.25
Operating & Other expensessubtract-14.74-2.38-49.2913.44-2.980.1021.8320.15
Depreciation/Amortizationsubtract1.661.581.471.902.003.332.822.733.063.06
Interest & Other Itemssubtract4.122.763.893.731.863.954.784.141.641.64
Taxes & Other Itemssubtract2.989.954.384.646.599.7810.1710.807.417.49
EPS10.0115.816.194.857.7410.4710.599.3911.4111.54
DPS2.002.000.000.001.001.001.001.001.001.00
Payout ratio0.200.130.000.000.130.100.090.110.090.09

VETO Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2024FY 2024

Annual report

PDF
FY 2023FY 2023

Annual report

PDF
FY 2022FY 2022

Annual report

PDF
FY 2021FY 2021

Annual report

PDF
FY 2020FY 2020

Annual report

PDF
 

VETO Stock Peers

What are peers and why compare against them?

What are peers and why compare against them?

A stock's peers are companies which have similar business interests, operations and belong to the same industry sector. Comparing various metrics against peers can give valuable insights on whether the company's stock is over/under-valued and the company's growth outlook vs the industry as a whole

VETO Past Performance & Peer Comparison

VETO Past Performance & Peer Comparison

Comparing 3 stocks from 
IndustrialsElectrical Components & Equipments

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
VETO Switch Gears And Cables Ltd10.740.960.80%
Havells India Ltd65.4011.540.65%
Polycab India Ltd44.619.100.58%
Kaynes Technology India Ltd124.9214.73

VETO Stock Price Comparison

Compare VETO with any stock or ETF
Compare VETO with any stock or ETF
VETO
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VETO Holdings

VETO Shareholdings

What are shareholdings?

What are shareholdings?

Apart from retail investors, a company’s shares are held by promoters, foreign & domestic institutions (large investors) and mutual funds. Promoters are the ship captains and control the company’s direction. Along with institutional and mutual fund holdings, a change in their holdings can indicate performance outlook for the stock

VETO Promoter Holdings Trend

VETO Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

VETO Institutional Holdings Trend

VETO Institutional Holdings Trend

Decreased Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has decreased by 1.18%

Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

VETO Shareholding Pattern

VETO Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding45.06%0.00%0.00%0.42%54.52%

Jun 2024

Sep 2024

Dec 2024

Mar 2025

VETO Shareholding History

VETO Shareholding History

Dec '23MarJunSepDec '24Mar0.00%0.01%0.00%0.09%0.01%0.42%

VETO Insider Trades & Bulk Stock Deals

VETO Insider Trades & Bulk Stock Deals

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smallcases containing VETO stock

smallcases containing VETO stock

Looks like this stock is not in any smallcase yet.

VETO Events

VETO Events

VETO Dividend Trend

No Dividend Cuts
Dividends are the portion of earnings that a company distributes to all its shareholders every year

VETO has increased or maintained dividend levels over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.80%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹8.04 every year

Dividends

Corp. Actions

Announcements

Legal Orders

What are dividends?

What are dividends?

Dividends are a portion of earnings that a company distributes to all its shareholders every year. Dividend return is one of the most important things to be considered while investing for long term. It’s the additional return on top of what investors earn through price appreciation

VETO Dividend Trend

No Dividend Cuts
Dividends are the portion of earnings that a company distributes to all its shareholders every year

VETO has increased or maintained dividend levels over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.80%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹8.04 every year

VETO Upcoming Dividends

VETO Upcoming Dividends

No upcoming dividends are available

VETO Past Dividends

VETO Past Dividends

Cash Dividend

Ex DateEx DateSep 20, 2024

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Sep 20, 2024

Cash Dividend

Ex DateEx DateSep 21, 2023

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Sep 21, 2023

Cash Dividend

Ex DateEx DateSep 20, 2022

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Sep 20, 2022

Cash Dividend

Ex DateEx DateSep 21, 2021

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Sep 21, 2021

Cash Dividend

Ex DateEx DateSep 25, 2018

Final
Final | Div/Share: ₹2.00

Dividend/Share

2.00

Ex DateEx Date

Sep 25, 2018

VETO Stock News & Opinions

VETO Stock News & Opinions

Spotlight
Veto Switchgears & Cables Ltd leads gainers in 'B' group

IFB Agro Industries Ltd, Welspun Investments & Commercials Ltd, Hindustan Motors Ltd and Federal-Mogul Goetze (India) Ltd are among the other gainers in the BSE's 'B' group today, 29 May 2025.Veto Switchgears & Cables Ltd surged 20.00% to Rs 131.1 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 54131 shares were traded on the counter so far as against the average daily volumes of 6528 shares in the past one month. IFB Agro Industries Ltd soared 17.49% to Rs 697. The stock was the second biggest gainer in 'B' group. On the BSE, 16734 shares were traded on the counter so far as against the average daily volumes of 821 shares in the past one month. Welspun Investments & Commercials Ltd spiked 16.98% to Rs 985. The stock was the third biggest gainer in 'B' group. On the BSE, 696 shares were traded on the counter so far as against the average daily volumes of 81 shares in the past one month. Hindustan Motors Ltd gained 16.21% to Rs 34.7. The stock was the fourth biggest gainer in 'B' group. On the BSE, 30.53 lakh shares were traded on the counter so far as against the average daily volumes of 4.53 lakh shares in the past one month. Federal-Mogul Goetze (India) Ltd advanced 14.09% to Rs 433.55. The stock was the fifth biggest gainer in 'B' group. On the BSE, 70679 shares were traded on the counter so far as against the average daily volumes of 2564 shares in the past one month. Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Board of Veto Switchgears & Cables recommends final dividend

Veto Switchgears & Cables announced that the Board of Directors of the Company at its meeting held on 28 May 2025, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Earnings
Veto Switchgears & Cables consolidated net profit rises 255.66% in the March 2025 quarter

Net profit of Veto Switchgears & Cables rose 255.66% to Rs 7.54 crore in the quarter ended March 2025 as against Rs 2.12 crore during the previous quarter ended March 2024. Sales rose 12.26% to Rs 89.18 crore in the quarter ended March 2025 as against Rs 79.44 crore during the previous quarter ended March 2024. For the full year,net profit rose 23.29% to Rs 22.13 crore in the year ended March 2025 as against Rs 17.95 crore during the previous year ended March 2024. Sales rose 0.10% to Rs 300.38 crore in the year ended March 2025 as against Rs 300.09 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales89.1879.44 12 300.38300.09 0 OPM %12.165.45 -10.5510.29 - PBDT10.657.18 48 32.6031.48 4 PBT9.816.71 46 29.5428.75 3 NP7.542.12 256 22.1317.95 23 Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Veto Switchgears & Cables to discuss results

Veto Switchgears & Cables will hold a meeting of the Board of Directors of the Company on 28 May 2025.Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Earnings
Veto Switchgears & Cables consolidated net profit declines 21.76% in the December 2024 quarter

Net profit of Veto Switchgears & Cables declined 21.76% to Rs 3.74 crore in the quarter ended December 2024 as against Rs 4.78 crore during the previous quarter ended December 2023. Sales declined 7.73% to Rs 75.71 crore in the quarter ended December 2024 as against Rs 82.05 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales75.7182.05 -8 OPM %6.8710.63 - PBDT6.148.24 -25 PBT5.227.45 -30 NP3.744.78 -22 Powered by Capital Market - Live

4 months agoCapital Market - Live
Corporate
Veto Switchgears & Cables announces board meeting date

Veto Switchgears & Cables will hold a meeting of the Board of Directors of the Company on 13 February 2025.Powered by Capital Market - Live

4 months agoCapital Market - Live
Earnings
Veto Switchgears & Cables consolidated net profit declines 1.17% in the September 2024 quarter

Net profit of Veto Switchgears & Cables declined 1.17% to Rs 5.91 crore in the quarter ended September 2024 as against Rs 5.98 crore during the previous quarter ended September 2023. Sales rose 3.69% to Rs 74.28 crore in the quarter ended September 2024 as against Rs 71.64 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales74.2871.64 4 OPM %11.5213.97 - PBDT8.678.78 -1 PBT8.018.08 -1 NP5.915.98 -1 Powered by Capital Market - Live

7 months agoCapital Market - Live
Corporate
Veto Switchgears & Cables to conduct board meeting

Veto Switchgears & Cables will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live

7 months agoCapital Market - Live
Corporate
Veto Switchgears & Cables to discuss results

Veto Switchgears & Cables will hold a meeting of the Board of Directors of the Company on 13 August 2024.Powered by Capital Market - Live

10 months agoCapital Market - Live

Gayatri Projects Ltd leads losers in ‘B’ group

3 years agoBusiness Standard

VETO Stock FAQs

VETO Stock FAQs

  1. How to Buy VETO Switch Gears And Cables Ltd Shares?

    You can easily buy the stocks/shares of VETO Switch Gears And Cables Ltd (VETO) on Tickertape or through broker platform by opening a Demat & Trading account online

  2. What is the Share Price of VETO Switch Gears And Cables Ltd?

    The stock prices are volatile and keep changing through the day depending upon various factors and market conditions. The Share price of VETO as on 15th May 2025 is ₹103.46

  3. What is the return on VETO Switch Gears And Cables Ltd share?

    The past returns of VETO Switch Gears And Cables Ltd (VETO) share are
    • Past 1 week: N/A
    • Past 1 month: N/A
    • Past 3 months: 15.44
    • Past 6 months: -7.30
    • Past 1 year: -8.99
    • Past 3 years: 55.96
    • Past 5 years: 151.87

  4. What is the Dividend yield % on VETO Switch Gears And Cables Ltd share?

    The current dividend yield of VETO Switch Gears And Cables Ltd (VETO) is 0.80

  5. What is the Market Cap of VETO Switch Gears And Cables Ltd?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of VETO Switch Gears And Cables Ltd (VETO) is ₹237.69Cr as of 15th May 2025

  6. What is the 52 Week High and Low of VETO Switch Gears And Cables Ltd?

    The 52-week high and low of VETO Switch Gears And Cables Ltd (VETO) is ₹196 and ₹92.60.

  7. What is the PE and PB ratio of VETO Switch Gears And Cables Ltd?

    The P/E (price-to-earnings) and P/B (price-to-book) ratios of VETO Switch Gears And Cables Ltd are 10.74 and 0.96 respectively.

  8. Which sector does VETO Switch Gears And Cables Ltd belong to?

    VETO Switch Gears And Cables Ltd (VETO) belongs to the Industrials sector & Electrical Components & Equipments sub-sector.

  9. What are the peers or stocks similar to VETO Switch Gears And Cables Ltd?

    The peers or stocks similar to VETO Switch Gears And Cables Ltd are: and many others.

  10. Can't decide whether or not to buy VETO Switch Gears And Cables Ltd?

    Worry no more! Login to Tickertape and check out VETO Switch Gears And Cables Ltd (VETO) scorecard & all the relevant insights today

  11. 5. Test Stocks FAQ What is the 52 Week High and Low of VETO Switch Gears And Cables Ltd?

    The 52-week high and low of VETO Switch Gears And Cables Ltd (VETO) is ₹196 and ₹92.60.

  12. 1. Test Stocks FAQ for VETO Switch Gears And Cables Ltd Shares?

    You can easily buy the stocks/shares of VETO Switch Gears And Cables Ltd (VETO) on Tickertape or through broker platform by opening a Google & Trading account online

  13. 3. Test Stocks FAQ What is the Share Price of VETO Switch Gears And Cables Ltd?

    The stock prices are volatile and keep changing through the day depending upon various factors and market conditions. The Share price of VETO as on 15th May 2025 is ₹103.46