Veto Switchgears and Cables Limited Share Price and Company Fundamentals



Price
₹81.7
Change
1.300 (1.617%)
52 week
77.0 - 172.0

Last traded: Today at 10:00 AM

Veto Switchgears and Cables Limited, together with its subsidiaries, manufactures and sells wires and cables, and electrical accessories in India and internationally. The company operates through Wire and Cables, Lighting & Fittings, and Accessories & Others segments. It provides electrical accessories, including vyoma, carino, and power modular switches, as well as PUF and ZAC switches; and MCBs/isolators/distribution boxes, and bells and extension cords. The company also offers wires and cables, such as multi strand, L.T. industrial, and copper flexible cables; ceiling, ventilation, and fresh air fans, as well as submersible pumps; and LED panels, street lights, flood lights, concealed lights, deep lights, bulbs, and tubelights, as well as surface and spot lights, wall and track lights, and strip lights and lighting chains. In addition, it provides telephone and co-axial wires, compact fluorescent lamps, slim panel lights, immersion heaters, distribution boards, and other electrical accessories, such as switch socket, MCB, bell, and all other electrical accessories. The company markets its products under the VETO and VIMAL POWER brand names through a network of dealers and distributors. Veto Switchgears and Cables Limited was founded in 1967 and is based in Jaipur, India.

Key Metrics

PE ratio

7.58

PB ratio

0.72

Dividend yield

1.24%

Beta

1.27

Market cap

-

Enterprise value

-

Company profile

Industry / SectorElectrical Equipment & Parts / Industrials
Websitehttps://www.vetoswitchgears.com
Mailing addressPlot No. 10, Days Hotel 4th Floor, Airport Plaza Scheme Behind Hotel Radisson Blu Tonk Road, Durgapura Jaipur 302018 India
Phone / Fax91 14 1666 7777 /

Dividends

Dividend yield

1.24%

Dividend amount

₹1.00

Payout ratio

9.47%

Veto Switchgears and Cables Limited paid ₹1.00 dividend and the ex-dividend date was 21 Sept 2021.The dividend payout ratio is 9.47%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.VETO dividend payout ratio is less than 70. This is ideal as it gives company room to grow the dividends and also the excess earnings can be invested in company for growth.

VETO's forward dividend amount is ₹1 and the forward dividend yield is 1.24%. A forward dividend yield is the percentage of a company's current stock price that it expects to pay out as dividends over a certain time period, generally 12 months. Forward dividend yields are generally used in circumstances where the yield is predictable based on past instances. If not, trailing yields, which indicate the same value over the previous 12 months, are used.

Company Executives

As of Jul 2022, following are the company executives and directors listed on Veto Switchgears and Cables Limited.

NameTitleAgeTotal Pay
Mr. Akshay Kumar GurnaniChairman, MD & CEO28
Mr. Narain Das GurnaniCFO & Whole-Time Director64
Ms. Varsha Ranee ChoudharyCompany Sec. & Compliance Officer302.23k
Mr. Kapil MotiramaniSr. Mang. of Accounts
Mr. Vasudev Lalwani B.Com., B.ComVP of Marketing52
Mr. Mohammad Khalid B.TechProduction Head40

Profitability and management effectiveness

Profit margin

7.54%

Operating margin

9.87%

Return on assets

5.68%

Return on equity

9.99%

Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.

The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.

Valuation and Trading Info

The market capitalization of Veto Switchgears and Cables Limited is and its enterprise value is .

The VETO's stocks Beta value is 1.27 making it 27% more volatile compared to NSE market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.

Veto Switchgears and Cables Limited (NSE:VETO) Frequently Asked Questions

1. What is Veto Switchgears and Cables Limited's Stock Symbol?

Veto Switchgears and Cables Limited trades on NSE under the ticker symbol "VETO".

2. What is Veto Switchgears and Cables Limited's stock price today?

One share of VETO stock can currently be purchased for approximately ₹81.7.

3. How can I contact Veto Switchgears and Cables Limited?

Veto Switchgears and Cables Limited's mailing address is Plot No. 10, Days Hotel 4th Floor, Airport Plaza Scheme Behind Hotel Radisson Blu Tonk Road, Durgapura Jaipur 302018 India. The company can be reached via phone at 91 14 1666 7777.

4. What is Veto Switchgears and Cables Limited's official website?

The official website of Veto Switchgears and Cables Limited is https://www.vetoswitchgears.com.