Veto Switchgears and Cables Limited (VETO.NS)
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 $123.17, down 0.77% on the session, giving a market capitalisation of $2.35B. Its beta of 0.38 implies it has historically moved less than the broad market.
Veto Switchgears and Cables Limited, operating with its subsidiaries, manufactures and sells a diverse range of wires, cables, and electrical accessories to both Indian and international markets. The company organizes its business into three primary segments: Wires and Cables, Lighting & Fittings, and Accessories & Others. Their extensive portfolio includes a variety of electrical accessories such as modular switches (marketed under names like vyoma, carino, and power), PUF and ZAC switches, Miniature Circuit Breakers (MCBs), isolators, distribution boxes, bells, and extension cords. In the wires and cables division, they provide multi-strand, low-tension industrial, and flexible copper cables, alongside specialized telephone and co-axial wires. The lighting segment offers a broad selection of products, encompassing LED panels, streetlights, floodlights, concealed lights, deep lights, bulbs, tubelights, surface and spot lights, wall and track lights, strip lights, and lighting chains. Compact fluorescent lamps and slim panel lights are also part of their lighting solutions. Additionally, Veto produces ceiling, ventilation, and fresh air fans, submersible pumps, and immersion heaters. The company markets its offerings through an established network of dealers and distributors, utilizing the VETO and VIMAL POWER brand names. Established in 1967, Veto Switchgears and Cables Limited is based in Jaipur, India.
Veto Switchgears and Cables Limited is most often compared with the following Industrials names: