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NSE:VETO

VETO SWITCHGEAR CABLE LTD

Consumer Durables › Consumer Durables
₹134.05
at close · 8 Oct 2026
▼ 4.50 (-3.25%)

Latest filings

  1. 19th AGM: All 7 resolutions passed, Rs 1/share dividend declared · Compliance
  2. Trading window closed ahead of Q2 results · Compliance
  3. 19th AGM held; Re 1 per share final dividend declared for FY26 · Board & Shareholder Meetings
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures and sells electrical products across three segments — lighting and fittings, wires and cables, and electrical accessories — in the consumer durables space. For FY26 (year ended 31 March 2026), consolidated revenue was Rs 386.71 crore, with lighting and fittings the largest segment at Rs 165.45 crore (42.8% share of segment revenue) and the most profitable at Rs 40.44 crore of EBIT. Wires and cables contributed Rs 92.93 crore (24.0%) with EBIT of Rs 21.81 crore, while accessories and others added Rs 128.33 crore (33.2%) with EBIT of Rs 21.31 crore. Materials are the largest cost at 35% of revenue, followed by other operating expenses at 10.7% and employee costs at 6.3%. The corporate office is in Jaipur. Consolidated net profit for FY26 was Rs 24.58 crore on total assets of Rs 397.85 crore, with depreciation running at 1.1% of revenue and capex at 1.3% of revenue.

Revenue mix · reported segments
Lighting and fittings42.8%
Accessories and others33.2%
Wires and cables24.0%
Operating scale
Number of operating segments
3 (Wires & Cables, Lighting & Fittings, Accessories & Others)FY26
Lighting and fittings revenue
Rs 165.45 croreFY26 YTD
Accessories and others revenue
Rs 128.33 croreFY26 YTD
Wires and cables revenue
Rs 92.93 croreFY26 YTD
Promoter shareholding
45.06% (Veto Electropowers India Pvt Ltd 32.28%)FY26
Outstanding borrowings
Rs 12 crore31 March 2026
Who pays it
Consumer durables market for lighting, wires/cables and electrical accessories; specific end-customer details not stated in the facts.
Biggest cost
Materials at 35% of revenue, the largest single cost line.
Kind of business
Asset-light consumer durables manufacturer with three product segments and modest capex (1.3% of revenue).
Where it sits
Jaipur-based listed company (NSE: VETO, BSE) in the consumer durables / consumer electronics classification, with credit rating BBB+ stable (long term) / A2 (short term) from ICRA.
Market Cap
₹256 Cr
P / E (TTM)
9.4×
EV / EBITDA
6.4×
Div Yield
0.75%
Growth
16.4%▲
Revenue 5y CAGR
PAT +10.6% · EBITDA +9.6%
Quality
12.8%▲
ROCE (5y median)
ROE 8.5% (5y median) · margin 10.3%
Leverage
0.07·
Debt / Equity · low
Net debt ₹20 Cr
Revenue FY21→FY26
2.1×▲
Margin −1.8 pts
₹181 Cr → ₹387 Cr
Cash conversion
0.55×▼
Operating cash ÷ profit · 5 yrs
₹58 Cr on ₹105 Cr
Moves on a normal day
1.19%·
Median daily move
Last 268 sessions · the yardstick for filing-day moves
Where it sits among 13 Consumer Electronics peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#2/11
P/B#2/11
ROCE#6/13
ROE#4/11
Debt / Equity#4/11
EBITDA margin#4/11
Revenue growth#5/13
Profit growth#5/11

Scorecard

Measured from the filed financials, judged against its Consumer Electronics peers · as of FY26 — not investment advice

Strengths
Revenue compounding 16% a year over 5 years
Debt at 0.07× equity
lower than 70% of its 11 Consumer Electronics peers
Concerns
Over 5 years it reported ₹105 Cr of profit and ₹58 Cr of operating cash — 0.55×
Less than 60p of every ₹1 of profit arrived as cash
Heavy working capital — 218 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from VETO SWITCHGEAR CABLE LTD's filed financials and exchange disclosures

What does VETO SWITCHGEAR CABLE LTD do?

VETO SWITCHGEAR CABLE LTD is a Consumer Durables company listed on NSE and BSE, trading under the symbol VETO.

Is VETO SWITCHGEAR CABLE LTD profitable?

Yes. Over the trailing twelve months VETO SWITCHGEAR CABLE LTD reported a net profit of ₹27 Cr on revenue of ₹411 Cr.

Does VETO SWITCHGEAR CABLE LTD pay a dividend?

Yes. The dividend yield is 0.75% at the current price. It paid out 8% of its profit as dividend in FY26.

Is VETO SWITCHGEAR CABLE LTD debt-free?

No. It reported borrowings of ₹21 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹20 Cr after cash. Debt stands at 0.07× equity. That is lower than 70% of its 11 Consumer Electronics peers.

Is VETO SWITCHGEAR CABLE LTD expensive compared with its peers?

On trailing P/E, VETO SWITCHGEAR CABLE LTD ranks 2 of 11 in Consumer Electronics — cheaper than 90% of them, against an industry median of 31.1×. This is a position, not a valuation judgement.

How much does the VETO SWITCHGEAR CABLE LTD share price move in a day?

On a typical session VETO SWITCHGEAR CABLE LTD moves 1.19% — that is the median absolute close-to-close move across its last 268 trading days. MarketPing measures each filing's price reaction against it.

Where can I track VETO SWITCHGEAR CABLE LTD's announcements?

Every NSE and BSE filing by VETO SWITCHGEAR CABLE LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.