VETO
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What does Veto Switchgears do?
Veto Switchgears and Cables Limited is an ISO 9001:2008 certified company in India known for manufacturing high-quality wires, cables, and electrical accessories. Its product portfolio includes a wide range of electrical products for household and industrial purposes.
Who are the competitors of Veto Switchgears?
Veto Switchgears major competitors are RMC Switch, Integra Switchgear, BPL, Rexnord Electronics, Singer India, Elin Electronics, ICE MakeRefrigeratio. Market Cap of Veto Switchgears is ₹183 Crs. While the median market cap of its peers are ₹410 Crs.
Is Veto Switchgears financially stable compared to its competitors?
Veto Switchgears seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Veto Switchgears pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Veto Switchgears latest dividend payout ratio is 8.64% and 3yr average dividend payout ratio is 9.58%
How has Veto Switchgears allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Accounts Receivable
How strong is Veto Switchgears balance sheet?
Balance sheet of Veto Switchgears is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Veto Switchgears improving?
Yes, profit is increasing. The profit of Veto Switchgears is ₹23.11 Crs for TTM, ₹22.13 Crs for Mar 2025 and ₹17.95 Crs for Mar 2024.
Is the debt of Veto Switchgears increasing or decreasing?
The net debt of Veto Switchgears is decreasing. Latest net debt of Veto Switchgears is ₹14.03 Crs as of Sep-25. This is less than Mar-25 when it was ₹20.08 Crs.
Is Veto Switchgears stock expensive?
Veto Switchgears is not expensive. Latest PE of Veto Switchgears is 7.68, while 3 year average PE is 11.42. Also latest EV/EBITDA of Veto Switchgears is 5.58 while 3yr average is 7.65.
Has the share price of Veto Switchgears grown faster than its competition?
Veto Switchgears has given lower returns compared to its competitors. Veto Switchgears has grown at ~5.31% over the last 3yrs while peers have grown at a median rate of 9.36%
Is the promoter bullish about Veto Switchgears?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Veto Switchgears is 45.06% and last quarter promoter holding is 45.06%.
Are mutual funds buying/selling Veto Switchgears?
There is Insufficient data to gauge this.
