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VETO
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- 6M
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Popular questions
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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, Rexnord Electronics, BPL, Singer India, Elin Electronics, ICE MakeRefrigeratio. Market Cap of Veto Switchgears is ₹209 Crs. While the median market cap of its peers are ₹394 Crs.
Is Veto Switchgears financially stable compared to its competitors?
Veto Switchgears seems to be less financially stable compared to its competitors. Altman Z score of Veto Switchgears is 5.33 and is ranked 6 out of its 8 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 10.65% and 3yr average dividend payout ratio is 9.88%
How has Veto Switchgears allocated its funds?
Companies resources are majorly tied in miscellaneous assets
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?
No, profit is decreasing. The profit of Veto Switchgears is ₹16.71 Crs for TTM, ₹17.95 Crs for Mar 2024 and ₹20.25 Crs for Mar 2023.
Is the debt of Veto Switchgears increasing or decreasing?
Yes, The debt of Veto Switchgears is increasing. Latest debt of Veto Switchgears is ₹8.76 Crs as of Sep-24. This is greater than Mar-24 when it was ₹6.43 Crs.
Is Veto Switchgears stock expensive?
Veto Switchgears is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Veto Switchgears is 12.6, while 3 year average PE is 12.66. Also latest EV/EBITDA of Veto Switchgears is 8.65 while 3yr average is 8.06.
Has the share price of Veto Switchgears grown faster than its competition?
Veto Switchgears has given better returns compared to its competitors. Veto Switchgears has grown at ~13.2% over the last 2yrs while peers have grown at a median rate of 12.82%
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.