Debut Plus

₹128.65

▼ -0.46 -0.36%

17 Jul 2026

NSE Listed · Capital Goods - Electrical Equipment

ESM 1

Veto Switchgear Cable Ltd. (VETO)

Volume: 1,061Avg Vol 1W: 8,020Avg Vol 1M: 14,46752W Range:₹82.32₹153.95
NSE BSE www.vetoswitchgears.com
Key Ratios
Checked just now
Market Cap₹246 Cr
Current Price₹128.65
Previous Close₹129.11
High / Low (52w)₹153.95 / ₹82.32
Volume1,061
Avg Vol (1W)8,020
Avg Vol (1M)14,467
Stock P/E9.78
Book Value₹151.55
Dividend Yield77%
ROE8.67%
ROA6.18%
Revenue (TTM)—
Revenue Growth0.09%
Profit Margin6.5%
Total Debt₹3 Cr
Shares Outstanding2 Cr
Face Value₹10
EPS (TTM)₹13.15
P/B0.85
Debt / Equity0.09
50 DMA₹129.74
200 DMA₹113.35
Day change-0.36%
SurveillanceESM 1 (as of 2026-07-17)
Price Chart
₹128.65▲ 13.75% · 1Y
₹149₹8411.4L
2025-11-24
2026-07-17

20-day avg volume: 15K shares

Pros
  • Pays a dividend yield of 77.0%.
  • Company is almost debt-free.
  • Net profit is growing year over year.
  • Stock trades below its book value.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹61 Cr₹74 Cr₹76 Cr₹89 Cr₹65 Cr₹89 Cr₹94 Cr₹139 Cr
EBITDA₹7 Cr₹8 Cr₹6 Cr₹11 Cr₹6 Cr₹8 Cr₹9 Cr₹12 Cr
Net Profit₹5 Cr₹6 Cr₹4 Cr₹8 Cr₹4 Cr₹6 Cr₹7 Cr₹9 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹255 Cr₹219 Cr₹151 Cr₹183 Cr₹270 Cr₹296 Cr₹305 Cr₹303 Cr
EBITDA₹42 Cr₹20 Cr₹18 Cr₹23 Cr₹34 Cr₹35 Cr₹33 Cr₹31 Cr
Net Profit₹29 Cr₹12 Cr₹9 Cr₹15 Cr₹20 Cr₹20 Cr₹18 Cr₹22 Cr
EPS15.36.094.887.7610.5610.79.4511.42
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹202 Cr₹220 Cr₹220 Cr₹274 Cr₹309 Cr₹321 Cr₹306 Cr₹332 Cr
Total Liabilities₹53 Cr₹53 Cr₹42 Cr₹79 Cr₹95 Cr₹87 Cr₹59 Cr₹65 Cr
Equity₹148 Cr₹167 Cr₹178 Cr₹194 Cr₹213 Cr₹234 Cr₹247 Cr₹267 Cr
Total Debt————————
Cash Flow
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹-20 Cr₹21 Cr₹35 Cr₹13 Cr₹1 Cr₹30 Cr₹40 Cr₹24 Cr
Investing₹4 Cr₹-2 Cr₹-13 Cr₹-7 Cr₹0 Cr₹-4 Cr₹-7 Cr₹-18 Cr
Financing₹21 Cr₹3 Cr₹-19 Cr₹-3 Cr₹4 Cr₹-10 Cr₹-27 Cr₹-3 Cr
Free Cash Flow₹-20 Cr₹21 Cr₹35 Cr₹13 Cr₹1 Cr₹30 Cr₹40 Cr₹24 Cr
Shareholding
Promoter 45.06% Institutions 0.01% Public 54.93%
Efficiency & Working Capital
ROCE11.3%
Interest Coverage19
Dividend Payout—
Debtor Days179 d
Inventory Days115 d
Payable Days34 d
Cash Conversion Cycle260 d
Working Capital Days294 d
Shareholding Details

As of 2026-03-31

Promoter45.1%
FII0%
DII0%
Institutions0%
Public54.9%
Promoter Pledge0%
No. of Shareholders25,172
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodJun 2023Sept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Promoters50.1%47.1%45.1%45.1%45.1%45.1%45.1%45.1%45.1%45.1%45.1%45.1%
FIIs0%0%0%0%0%0.1%0%0.4%0.5%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public49.9%52.9%54.9%54.9%54.9%54.9%54.9%54.5%54.4%54.9%54.9%54.9%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders20,50826,13125,80429,60328,57226,87226,14425,57826,56726,29925,77625,172
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Veto Electropowers (india) Private LimitedShareholding of Promoter and Promoter Group32.3%61,70,704
Harish Kumar GurnaniShareholding of Promoter and Promoter Group3.8%7,33,333
Akshay Kumar GurnaniShareholding of Promoter and Promoter Group3.6%6,88,722
Kanishk Kishore GurnaniShareholding of Promoter and Promoter Group2.2%4,11,985
Pushpa Devi GurnaniShareholding of Promoter and Promoter Group1.5%2,84,744
Dheeraj Kumar LohiaPublic Shareholding1.4%2,73,007
Rohit GurnaniShareholding of Promoter and Promoter Group1.2%2,32,985
Mahendra Girdharilal WadhwaniPublic Shareholding1.2%2,26,434
Kishore Kumar GurnaniShareholding of Promoter and Promoter Group0.3%55,000
Sitadevi GurnaniShareholding of Promoter and Promoter Group0.1%15,000
Narain Das GurnaniShareholding of Promoter and Promoter Group0.1%13,200
Mukesh GurnaniShareholding of Promoter and Promoter Group0%6,600
Priyanka GurnaniShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Kishore Kumar Gurnani00%2026-03-31
Pushpa Devi Gurnani00%2026-03-31
Narain Das Gurnani00%2026-03-31
Sitadevi Gurnani00%2026-03-31
Mukesh Gurnani00%2026-03-31
Akshay Kumar Gurnani00%2026-03-31
Rohit Gurnani00%2026-03-31
Kanishk Kishore Gurnani00%2026-03-31
Priyanka Gurnani00%2026-03-31
Veto Electropowers (india) Private Limited00%2026-03-31
Harish Kumar Gurnani00%2026-03-31
Mahendra Girdharilal Wadhwani00%2026-03-31
Board of Directors
NameDesignationYear
Akshay Kumar GurnaniED / MD / CEO / Promoter2025
Narain Das GurnaniED / WTD / CFO / Promoter2025
Jyoti GurnaniNon-Exec & Non-Independent Dir2025
Kanwarjeet SinghIndependent Non Exe. Director2025
Hari Krishan MotwaniIndependent Non Exe. Director2025
Sanjeev Kumar DassIndependent Non Exe. Director2025
Kritika TodwalCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Wire & Cables₹74 Cr34.5%
Lighting & Fittings₹72 Cr33.2%
Accessories & Others₹70 Cr32.3%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10251919
Corporate Actions
TypeDateValueRemark
dividend2025-09-22₹1 (10%)Final
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202552001255
202547000047
2025000101
Insider / Designated-Person Trades

29 recent disclosure(s)

KANISHK KISHORE GURNANIDisposal · 1,75,000
PRIYANKA KISHORE GURNANIAcquisition · 1,75,000
PRIYANKA KISHORE GURNANIAcquisition · 1,75,000
KANISHK KISHORE GURNANIDisposal · 1,75,000
Veto Electropowers India Private LimitedDisposal · 1,49,979
Veto Electropowers India Private LimitedDisposal · 1,50,021
Substantial Acquisitions (SAST)

2 disclosure(s)

Market01/12/2023 · 3,00,000
Market28/11/2023 · 1,00,000
Company Information
Incorporated2007
AuditorSGCO & Co LLP
Investor Email[email protected];[email protected];ve
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