Veto Switchgears and Cables Limited (VETO.BO)
Veto Switchgears and Cables Limited operates in the Electrical Equipment & Parts industry of the Industrials sector, headquartered in Jaipur, RA, IN. The stock last traded at $123.20, down 0.56% on the session, giving a market capitalisation of $2.37B. Its beta of 0.38 implies it has historically moved less than the broad market.
Established in 1967 in Jaipur, India, Veto Switchgears and Cables Limited, along with its affiliated companies, operates as a prominent manufacturer and global distributor of a wide array of electrical goods. The company's operations are divided into three main segments: Wires & Cables, Lighting & Fittings, and various Accessories. Its comprehensive product portfolio features an extensive selection of multi-strand and flexible cables; diverse fan models including ceiling, wall, pedestal, and table fans; and a complete range of lighting solutions such as slim LED panels, concealed, deep, spot, flood, and street lights, as well as strip lights, rope lights, LED bulbs, tube lights, wall lights, track lights, and surface panels. Furthermore, Veto manufactures essential electrical accessories like Vyoma and Power modular switches, Miniature Circuit Breakers (MCBs), circuit breakers, distribution panels, isolators, AC boxes, doorbells, and extension cords, among other general electrical components. These products are marketed to consumers via an extensive network of dealers and distributors, under the proprietary brand names VETO and VIMAL POWER.
Veto Switchgears and Cables Limited is most often compared with the following Industrials names: