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Veto Switchgears & Cables Ltd. (India)

Main Activities: Electrical Equipment, Appliance, and Component Manufacturing
Full name: Veto Switchgears & Cables Ltd. Profile Updated: October 31, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2024 Available in: English Download a sample report

M/s Veto Switchgears & Cables Ltd is an ISO 9001:2008 Certified Company located in Mumbai. The company is engaged in manufacturing various products including Wires & Cables, Electrical Accessories, Industrial Cables, Fans, CFL Lamps, Pumps, Modular Switches, LED Lights, Immersion Heater, MCB, and Distribution Boards. Veto is known for being the first company in India to produce ISI mark electrical accessories. They use high-quality raw materials to ensure the best products for their customers. Veto holds a significant market share in India and has a strong distribution network of 2500 dealers across the country. The company manufactures housing wires under the brand name VIMAL POWER, which is well-known in the western region of India. Veto aims to provide high-quality products at competitive rates and has manufacturing plants in Haridwar and Mumbai. They have a team of highly qualified professionals who use advanced machinery to innovate and produce the best products in the electrical industry. Veto has also been a leading supplier of electrical goods in the gulf countries for over a decade. The company became a Public Limited company in 2012 after launching its IPO. It got listed on the SME platform of the National Stock Exchange of India Limited in 2012 and moved to the Main Boards of NSE in 2015. In the same year, it also listed equity shares on the Bombay Stock Exchange. The company's vision is to be a globally recognized corporation that provides the best electrical and lighting solutions through excellence, innovation, teamwork, and ethical business practices. Their mission is to offer low-priced, high-quality eco-friendly products to the people of India, provide a great work environment for their employees, give the highest possible returns to their investors, and contribute positively to their communities and the environment in a transparent way.

Legal Address
506, 5th Floor,, Plot No.B-9, Landmark Building
Mumbai; Maharashtra; Postal Code: 400058

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Website: http://www.vetoswitchgears.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
June 20, 2007
Key Executives
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Director
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Independent Director
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Independent Director
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Independent Director
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Managing Director
Ownership Details
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46.19%
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41.22%
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8.67%
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3.84%
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0.09%
Subsidiaries
Veto Electricals Private Limited
100%
Veto Electricals Pvt.Ltd.
100%
Veto Overseas Private F.Z.E
100%
Company Performance
Financial values in the chart are available after Veto Switchgears & Cables Ltd. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency INR. Absolute financial data is included in the purchased report.
Net sales revenue
3.09%
Total operating revenue
1.55%
Operating profit (EBIT)
-12.27%
EBITDA
-11.6%
Net Profit (Loss) for the Period
-12.24%
Total assets
-4.69%
Total equity
5.76%
Operating Profit Margin (ROS)
-1.8%
Net Profit Margin
-1.05%
Return on Equity (ROE)
-1.49%
Debt to Equity Ratio
-12.65%
Quick Ratio
0.16%
Cash Ratio
-0.08%

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