Veto Switchgears & Cables Ltd

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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
38.62% Gain from 52W Low
7.8
TTM PE Ratio
Low in industry
14.7
Price to Book Ratio
Low in industry
1.1
Dividend yield 1yr %
High in industry
0.7
TTM PEG Ratio
PEG TTM is negative
-1.3
RSI
RSI is mid-range
48.9
MFI
MFI is mid-range
69.7

Veto Switchgears & Cables Ltd Key Financials

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*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

Veto Switchgears & Cables Ltd shareholding Pattern

Promoter
45.1%
Public
54.9%
Promoter
45.1%
Public
54.9%
Promoter
47.2%
Public
52.9%
Promoter
50.1%
Public
49.9%
Promoter
50.1%
Public
49.9%
Promoter
50.1%
Public
49.9%
Foreign Institutions
1.3%
Foreign Institutions
1.3%
Foreign Institutions
1.3%
Mutual Funds
0.2%
Mutual Funds
0.3%

Veto Switchgears & Cables Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
16
Bearish Moving Averages
0
5Day EMA
122.90
10Day EMA
122.70
12Day EMA
122.70
20Day EMA
123.10
26Day EMA
123.60
50Day EMA
125.20
100Day EMA
126.10
200Day EMA
123.70
5Day SMA
123.00
10Day SMA
122.90
20Day SMA
122.40
30Day SMA
123.80
50Day SMA
126.50
100Day SMA
128.80
150Day SMA
126.40
200Day SMA
125.80
Delivery & Volume
Resistance & Support
123.86
Pivot
Resistance
First Resistance
125.11
Second Resistance
127.04
Third Resistance
128.29
Support
First Support
121.93
Second support
120.68
Third Support
118.75
Relative Strength Index
48.89
Money Flow Index
69.74
MACD
-0.92
MACD Signal
-1.38
Average True Range
4.63
Average Directional Index
20.34
Rate of Change (21)
-2
Rate of Change (125)
3.56
Peer comparison
Compare
Company
Market Price
Market Cap
52W Low
52W High
JSL Industries Ltd.
-
-
-
Fluidomat Ltd.
-
-
-
Amba Enterprises Ltd.
-
-
-
S & S Power Switchgear Ltd.
172.02
41.35
344.65
Nitiraj Engineers Ltd.
-
-
-
Akanksha Power and Infrastructure Ltd.
-
-
-

Veto Switchgears & Cables Ltd Company background

Founded in: 2007
Managing director: Akshay Kumar Gurnani
Veto Switchgears and Cables Limited was originally incorporated as a Partnership Firm on June 26, 2003 under the name and style Veto Industries. On April 1, 2007 the name of the Firm was changed to Veto Switchgears and Cables. Subsequently, on June 20, 2007, the Partnership Firm was converted in to the Private Limited Company under the name and style Veto Switchgears and Cables Private Limited. The Company name was further changed to the present name Veto Switchgears and Cables Limited on August 3, 2012. Veto is the first company to produce ISI mark electrical accessories in India. Its manufacturing plants in India are located at Haridwar and Mumbai which are continuously manufacturing all the products with excellence and precision in the electrical industry. Veto Switchgears is part of Jaipur, Rajasthan based Gurnani Group which has interests in wires cables, electrical accessories, real estate and hotels. The Company has been promoted by M/s Veto Electropowers (India) Private Limited, which is a subsidiary of Gurnani Holding Private Limited. It is an ISO 9001:2008 certified company, engaged in the manufacture and sale of wires cables alongwith other electrical accessories in India. Its product portfolio ranges from industrial cables, stand cables to telephone coaxial wires, from general switches to modular switches, from ceiling fans to rechargeable fans, compact fluorescent lamps and other electrical accessories. It supply these products under the brands VETO and VIMAL POWER through large network of dealers to the customers in India as well as selected customers abroad. The Companys journey began with a small electrical retail shop in Jaipur to evolve into one of Indias largest cable and wire and fast moving consumer electrical company under the leadership of Gurnanis family. The Company came up with an IPO on December 13, 2012 and got listed on National Stock Exchange of India Limited (NSE) through SME Platform. It moved to the Main Boards of NSE in 2015. Further, it listed equity shares on Bombay Stock Exchange in year 2015.Another Wholly Owned Subsidiary Company in India in the name of Veto Electricals Private Limited taken over in 201415 which has its own manufacturing plant (100% Export Unit) at Light Engineering Zone, Mahindra SEZ, Jaipur. Its commercial production started from July, 2017 onwards.The Company registered a wholly owned subsidiary company in Dubai by the name of VETO Overseas Private F.Z.E in October 2015. The Company launched LED panel Lights, LED Flood Light, Slim Panel Light, LED Flood Light under the brand name Vyoma in 201617. It further launched its new Product range VYOMA for Modular Switches in May 2018 at Jaipur, Rajasthan. It opened new plants at Indore, Allahabad and Bhatinda in 2018. Further, the Company also acquired 95.5% stake in M/s Vankon Modular Private Limited in February 202122.
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Veto Switchgears & Cables Ltd FAQs

The past 1-year return of Veto Switchgears & Cables Ltd [VETO] share was 36.7. The Veto Switchgears & Cables Ltd [VETO] share hit a 1-year low of Rs. 97.6 and a 1-year high of Rs. 156.35.

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