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About Veto Switchgears & Cables Ltd
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Veto Switchgears and Cables Limited was originally incorporated as a Partnership Firm on June 26, 2003 as "Veto Industries". On April 1, 2007, the Firm was changed to "Veto Switchgears and Cables" and subsequently, on June 20, 2007, the Partnership Firm was converted into the Private Company as "Veto Switchgears and Cables Private Limited" and thereafter, it got changed to `Veto Switchgears and Cables Limited` on August 3, 2012. Veto is the first company to produce ISI mark electrical accessories in India. Its manufacturing plants in India are located at Haridwar and Mumbai which are continuously manufacturing all the products with excellence and precision in the electrical industry. Veto Switchgears is part of Jaipur, Rajasthan based Gurnani Group which engages in manufacturing of wires & cables, electrical accessories & also deals in LED lighting, CFL & Fans. The Company has been promoted by M/s Veto Electropowers (India) Private Limited, which is subsidiary of Gurnani Holding Private Limited. The Company began its business with a small electrical retail shop in Jaipur to evolve into one of India`s largest cable and wire and fast moving consumer electrical company under the leadership of Gurnani`s family. The Company came up with an IPO on December 13, 2012 and got listed on National Stock Exchange of India Limited (NSE) through SME Platform. It moved to the Main Boards of NSE in 2015. Further, it listed equity shares on Bombay Stock Exchange in year 2015. Another Wholly Owned Subsidiary Company in India in the name of Veto Electricals Private Limited taken over in 2014-15 which has its own manufacturing plant (100% Export Unit) at Light Engineering Zone, Mahindra SEZ, Jaipur. Its commercial production started from July, 2017 onwards. The Company registered a wholly owned subsidiary company in Dubai by the name of VETO Overseas Private F.Z.E in October 2015. The Company launched LED panel Lights, LED Flood Light, Slim Panel Light, LED Flood Light under the brand name "Vyoma" in 2016-17. It further launched its new Product range `VYOMA` for Modular Switches in May 2018 at Jaipur, Rajasthan. It opened new plants at Indore, Allahabad and Bhatinda in 2018. Further, the Company also acquired 95.5% stake in M/s Vankon Modular Private Limited in February 2021-22. On 24 September, 2024, Company also acquired 55% stake in M/s Veto Polytech Private Limited, Subsidiary Company. In FY 2025, Company launched a new range of electrical equipment, including heaters, emersion rods, and iron presses and further launched a new variant of OCEAN having double ball bearing motor. On 10th March 2025. Company has acquired 51% stake in M/s VNB Appliances Private Limited, a subsidiary company in India.
Veto Switchgears & Cables share price as on 10 Feb 2026 is Rs. 101.75. Over the past 6 months, the Veto Switchgears & Cables share price has decreased by 18.65% and in the last one year, it has decreased by 15.34%. The 52-week low for Veto Switchgears & Cables share price was Rs. 92.6 and 52-week high was Rs. 141.
539331
VETO
INE918N01018
Sep
Veto Switchgears & Cables Ltd FAQs
You can buy Veto Switchgears & Cables Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Veto Switchgears & Cables Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Feb 09, 2026 03:58 PM the closing price of Veto Switchgears & Cables Ltd was Rs.101.75.
The latest PE ratio of Veto Switchgears & Cables Ltd as of Feb 09, 2026 03:58 PM is 9.52
The latest PB ratio of Veto Switchgears & Cables Ltd as of Feb 09, 2026 03:58 PM is 0.70
The 52-week high of Veto Switchgears & Cables Ltd share price is Rs. 141.00 while the 52-week low is Rs. 92.60
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Feb 09, 2026 03:58 PM, the market cap of Veto Switchgears & Cables Ltd stood at Rs. 194.50 Cr.
Market Outlook
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