Veto Switchgears And Cables Limited

Veto Switchgears And Cables Limited (VETO) is a micro-cap Consumer Durables company valued at ₹255 crore operating in Consumer Electronics on the NSE and BSE.

Recent price move

Veto Switchgears And Cables Limited last traded at ₹130.99, modestly down 0.04% on the day.

Recent developments

On 2026-09-21, the company announced a dividend of ₹1.00 per share, ex-date. The foreign institutional holding increased by 0.40 percentage points in the quarter ending 2026-06-30, reaching 0.41%.

Financial performance

The company's business has improved, with annual revenue rising 28.7% and net profit growing 12.8% year-on-year. The latest quarter saw revenue and net profit surge 37.8% and 70.6% respectively compared to the same quarter a year earlier, though the net profit margin narrowed by 0.9 percentage points to 6.4%.

Valuation multiples

The stock trades at 10.0 times earnings, 0.84 times book value. It yields 0.8%.

Things to watch

The return on equity is 0.0%, indicating no return to shareholders. The stock is 12.3% below its 52-week high, and the net profit margin has declined by 0.9 percentage points to 6.4%.

Where it stands

The company has shown strong growth in both revenue and net profit, with the latest quarter reflecting significant improvement. The most notable movement is the 70.6% rise in net profit compared to the same quarter a year earlier. The stock remains 12.3% below its 52-week high.

Summarised by DocStoX's model on 2026-10-04 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.