Veto Switchgears and Cables Limited (VETO) Fair Value & Analysis
Industrials · IN · Market cap ₹2.4B
Fair value as of: Jul 3, 2026
From 25 valuation models · updated today
Share price +4.1% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹84.40 – ₹148.45 · fair‑value band ₹130.88 – ₹310.70 · the ₹126.59 price screens below the ₹223.54 fair value. As of Jul 3, 2026.
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Veto Switchgears and Cables Limited (VETO) currently trades at ₹126.59, while our model-based Fair Value estimate is ₹223.54 — implying the stock looks roughly 76.6% undervalued today. We read business quality at 62/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.
Over the trailing twelve months, Veto Switchgears and Cables Limited generated revenue of ₹3.9B at a net margin of 6.5%. Revenue grew 55.7% year over year. It earns a return on equity of 8.8%. Net debt stands at ₹191M. Fundamentals as of Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
Veto Switchgears and Cables Limited, together with its subsidiaries, engages in the manufacture and sale of wires and cables, and electrical accessories in India and internationally. It operates through Wire and Cables, Lighting & Fittings, and Accessories & Others segments. The company offers modular switches; LED lightning, including slim LED panel, concealed light, deep light, spotlight, flood light, streetlight, strip light, rope light, LED bulb, LED tube light, wall and track light, and surface panel; and wire and cables, comprising Vimal multi strand cables, Veto multistrand cables, and Vimal flexible wire. It also provides fans, such as ceiling, wall, pedestal, and table fans; MCB and distribution board, which includes circuit breaker, distribution panels, isolator, and AC box. In addition, the company offers bells and extension cords, which comprise ding dong, stereo, and multi tune bells, as well as extension cords. The company markets its products under the VETO and VIMAL …
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Veto Switchgears and Cables Limited reported revenue of ₹3.9B in FY2026 versus ₹2.7B in FY2022, a compound +9.7%/yr. Reported net income was ₹251M in FY2026, compounding +5.8%/yr from FY2022.
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| Contemporary Amperex Technology Co CYATY | $22.57 | $11.89 | -47% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.