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Veto Switchgears & Cables Ltd

Veto Switchgears & Cables Ltd (VETO)

₹130.05▲0.27%

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Overview

Fundamentals

Q3 '23 Results

Technicals

News and Events

Veto Switchgears & Cables Ltd share Performance

₹129.1
₹131.95
₹130.05
0.73%
Low
Day's Volatility:2.19%
High
1.46%
₹91.35
₹156.4
₹130.05
29.76%
Low
52 Weeks Volatility:50.02%
High
20.26%

Returns %
1 Month Return	-2.91 %
3 Month Return	5.26 %
1 Year Return	36.61 %

Market Stats
Previous Close	₹130.40
Open	₹130.50
Volume	1.04L
Upper Circuit	-
Lower Circuit	-
Market Cap	₹249.26Cr

Company Information

Veto Switchgears and Cables Ltd is a Jaipur Rajasthan-based ISO 9001:2008 certified company, which was originally established as Veto Industries in 2003. It is a part of the Gurnani Group and is managed by the subsidiary company Veto Electropowers India Private Ltd. The company provides an extensive range of electrical products such as industrial cables, stand cables, telephone & coaxial wires, switches, ceiling fans, rechargeable fans, CFL lamps, and much more. The company was initially established in 2003, and through several name changes, its current name has been in existence since 2012. All the products manufactured by Veto Switchgears and Cables Ltd are of top-notch quality which has made it one of India’s leading electrical businesses.

Share Price: ₹130.05 per share as on 03 May, 2024 04:01 PM
Market Capitalisation: ₹249.26Cr as of today
Revenue: ₹82.05Cr as on December 2023 (Q4 23)
Net Profit: ₹4.89Cr as on December 2023 (Q4 23)
Listing date: 13 Dec, 2012

Organisation	Veto Switchgears & Cables Ltd
Headquarters	Jaipur
Industry	Capital Goods - Electrical Equipment
E-voting on shares	Click here to vote

Key events for Veto Switchgears & Cables Ltd

Veto Switchgears & Cables Ltd's P/E Ratio Suggests Strong Buy, But Earnings Deteriorated - 14 Mar, 2024
Despite Veto Switchgears & Cables Ltd's low P/E ratio of 11.8x compared to the Indian market, earnings have deteriorated over the last year, causing discomfort among shareholders.

Fundamentals of Veto Switchgears & Cables Ltd

Insights on Veto Switchgears & Cables Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 0.00% to 0.01% in Mar 2024 quarter
POSITIVE IMPACT
Price Rise
In the last 3 years, VETO stock has moved up by 1.6%
POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 3 quarters, 67.38 Cr → 82.43 Cr (in ₹), with an average increase of 9.5% per quarter
NO EFFECT
Against Peers
In the last 1 year, KEI Industries Ltd has given 103.7% return, outperforming this stock by 67.1%
NO EFFECT
Against Peers
In the last 3 years, KEI Industries Ltd has given 646.7% return, outperforming this stock by 645.1%
NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 45.06% of holdings in Mar 2024 quarter
NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 54.94% to 54.93% in Mar 2024 quarter
NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 2 quarters, 5.98 Cr → 4.78 Cr (in ₹), with an average decrease of 20.1% per quarter