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XNSE
VETO
Market cap22mUSD
Nov 12, Last price  
115.11INR
Name

VETO Switch Gears And Cables Ltd

Chart & performance

D1W1MN
XNSE:VETO chart
P/E
8.76
P/S
0.57
EPS
13.15
Div yield, %
0.87%
Shrs. gr., 5y
-0.01%
Rev. gr., 5y
16.30%
Revenues
3.87b
+28.74%
470,040,000531,489,000686,029,000741,399,000944,772,000973,023,0001,767,421,1792,390,750,8692,529,181,1402,176,996,1411,497,576,4791,817,616,0002,675,173,0002,911,069,0003,000,861,0003,003,784,0003,867,148,000
Net income
251m
+13.53%
43,466,00048,641,00072,159,00058,755,00060,884,00071,440,000130,927,884182,295,713289,707,612115,730,48492,799,787147,945,000200,173,000202,473,000179,520,000221,320,000251,270,000
CFO
85m
-37.38%
-875,00048,445,00035,971,000577,0003,764,000-20,736,000214,630,70159,372,869-250,444,84276,995,320318,571,05470,584,000-84,308,000179,724,000269,469,000135,378,00084,768,000
Dividend
Sep 21, 20261 INR/sh

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Profile

Established in 1967 in Jaipur, India, Veto Switchgears and Cables Limited, along with its affiliated companies, operates as a prominent manufacturer and global distributor of a wide array of electrical goods. The company's operations are divided into three main segments: Wires & Cables, Lighting & Fittings, and various Accessories. Its comprehensive product portfolio features an extensive selection of multi-strand and flexible cables; diverse fan models including ceiling, wall, pedestal, and table fans; and a complete range of lighting solutions such as slim LED panels, concealed, deep, spot, flood, and street lights, as well as strip lights, rope lights, LED bulbs, tube lights, wall lights, track lights, and surface panels. Furthermore, Veto manufactures essential electrical accessories like Vyoma and Power modular switches, Miniature Circuit Breakers (MCBs), circuit breakers, distribution panels, isolators, AC boxes, doorbells, and extension cords, among other general electrical components. These products are marketed to consumers via an extensive network of dealers and distributors, under the proprietary brand names VETO and VIMAL POWER.

Key people

Narain Gurnani
Chief Financial Officer, Executive Director · since 2016
Kritika Todwal
Compliance Officer, Company Secretary · since 2024
Vasudev Lalwani
Vice President of Marketing · since 2021
Akshay Gurnani
Chief Executive Officer, Managing Director, Executive Director · since 2021
Anil Kaslya
Senior Manager Accounts · since 2022
Mohd Khalid
Production Head · since 2021
Jyoti Gurnani
Woman Non-Executive Non Independent Director · since 2015
Sanjeev Dass
Additional Independent Director · since 2022
Hari Motwani
Non-Executive Independent Director · since 2019
Kanwarjeet Singh
Non-Executive Independent Director · since 2022
IPO date
Dec 12, 2012
Employees
Domiciled in
IN
Incorporated in
IN
Headquarters & legal address
Gala No. 2, Sanskruti, Sagar Signature Complex, Vasai Palghar,Vasai East IE , Thane , Vasai
Mumbai 401208
IN

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