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1 Comment
Veto Switchgears and Cables Limited is currently in a long term uptrend where the price is trading 54.0% above its 200 day moving average.
From a valuation standpoint, the stock is 82.0% cheaper than other stocks from the Industrials sector with a price to sales ratio of 1.5.
Veto Switchgears and Cables Limited's total revenue rose by 32.3% to $512M since the same quarter in the previous year.
Its net income has increased by 65.4% to $60M since the same quarter in the previous year.
Finally, its free cash flow fell by 10.5% to $182M since the same quarter in the previous year.
Based on the above factors, Veto Switchgears and Cables Limited gets an overall score of 4/5.
Sector | Industrials |
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ISIN | INE918N01018 |
Exchange | NSE |
CurrencyCode | INR |
Industry | Electrical Equipment & Parts |
Market Cap | 2B |
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PE Ratio | 10.74 |
Beta | 0.43 |
Target Price | 41 |
Dividend Yield | 0.0% |
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 POWER brand names through a network of dealers and distributors. Veto Switchgears and Cables Limited was founded in 1967 and is based in Jaipur, India.
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