Veto Switchgears & Cables Ltd (VETO) — shareholding pattern, promoter holding, financials and share price
About Veto Switchgears & Cables Ltd (VETO)
Veto Switchgears & Cables Ltd operates in the Consumer Electronics industry, within the Consumer Durables sector. It trades on the NSE as VETO and on the BSE under scrip code 539331. Its ISIN is INE918N01018.
Incorporated in 2007, Veto Switchgears & Cables Ltd manufactures wires & cables, electrical accessories & also deals in LED lighting, CFL & Fans [1]
Veto Switchgears and Cables Limited is a leading manufacturer of electrical accessories, including switches, wires, and cables, based in India.
The company operates manufacturing units in Haridwar, Mumbai, and a SEZ in Jaipur, focusing on both domestic and export markets.
Listed peers in Consumer Electronics: HP Telecom India Ltd, Sharp India Ltd, Arham Technologies Ltd, BPL Ltd, Nanta Tech Ltd, Jay Jalaram Technologies Ltd.
Valuation & Returns
10 Jul 2026At ₹126 a share on 10 Jul 2026, Veto Switchgears & Cables Ltd (VETO) was valued at a price-to-earnings ratio of 9.8x against an industry P/E of 50.62x and a price-to-book of 0.9x on a book value of ₹139.39 per share as of Mar 2025. Solomo computes return on equity of 9.23% and return on capital employed of 12.22% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 9.8x
- Industry P/E
- 50.62x
- P/B
- 0.9x
- EPS (TTM)
- ₹12.86
- Book value / share
- ₹139.39
- ROE
- 9.23%
- ROCE
- 12.22%
- ROA
- 7.4%
- Debt / equity
- 0.09x
- Dividend yield
- 0.79%
- EBITDA margin
- 10.26%
- 52-week range
- ₹83 – ₹153.9
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Veto Switchgears & Cables Ltd (VETO) reported revenue of ₹387 crore, net profit of ₹25 crore and earnings per share of ₹13.15. That compares with revenue of ₹300 crore and net profit of ₹22 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹138.86 crore and net profit ₹8.8 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 267 | 290 | 300 | 300 | 387 |
| Net profit (₹ cr) | 20 | 20 | 18 | 22 | 25 |
| EPS (₹) | 10.47 | 10.59 | 9.39 | 11.58 | 13.15 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 7.56% | 12.35% | 7.55% | 0.10% |
| Profit growth | 12.17% | 14.25% | -1.64% | 20.82% |
| Stock price CAGR | 0% | -3% | 6% | 3% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 45.06% of Veto Switchgears & Cables Ltd (VETO) (unchanged from the previous quarter), foreign institutional investors (FII) hold 0.41% and domestic institutional investors (DII) hold 0%. Market capitalisation was ₹241 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2015.
Largest disclosed public shareholders in Jun 2026: RISHABH PANT 2.67%, DHEERAJ KUMAR LOHIA 1.55%, MAHENDRA GIRDHARILAL WADHWANI 1.18%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 45.06% | - | 0.41% | 0% | 54.94% |
| Mar 2026 | 45.06% | - | 0.01% | 0% | 54.94% |
| Dec 2025 | 45.06% | - | 0.01% | 0% | 54.94% |
| Sep 2025 | 45.06% | - | 0.01% | - | 54.94% |
| Jun 2025 | 45.06% | - | 0.53% | - | 54.94% |
| Mar 2025 | 45.06% | - | 0.42% | - | 54.94% |
| Dec 2024 | 45.06% | - | 0.01% | - | 54.94% |
| Sep 2024 | 45.06% | - | 0.09% | - | 54.94% |