Is Veto Switchgears and Cables the Best Stock in Its Sector? A Look at the Numbers
- October 9, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Veto Switchgears and Cables CMP Rs 134 (09 Oct 2026). Market cap Rs 259 Cr. ROE 8.67%. P/E 9.57x versus Industry P/E 47.09x.
Quick Answer
Veto Switchgears and Cables is one of the names investors compare when screening the Electricals sector, built on a 8.67% return on equity and a P/E of 9.57x against an Industry P/E of 47.09x. Whether Veto Switchgears and Cables is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Electricals sector peers, so you can judge that for yourself.
Is Veto Switchgears and Cables the best stock in its sector? The stock trades on the NSE at Rs 134 as of 09 October 2026, within its 52-week range of Rs 82.32 to Rs 155.90. Veto Switchgears and Cables Ltd, incorporated in 2007, makes wires, cables and electrical accessories along with LED lighting and fans under the Veto and Vimal Power brands.
Veto Switchgears and Cables sits in the Electricals sector, and its 8.67% ROE and 9.57x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
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About Veto Switchgears and Cables
Veto Switchgears and Cables Ltd, incorporated in 2007, makes wires, cables and electrical accessories along with LED lighting and fans under the Veto and Vimal Power brands. Its product range spans several electrical categories sold under two brands. The stock trades about 14 percent below its 52-week high and about 63 percent above its 52-week low. At a market capitalisation of Rs 259 Cr, it is tracked as part of the Electricals sector on Univest.
Is Veto Switchgears and Cables the Best Stock in Its Sector?
Veto Switchgears and Cables’ case rests on valuation rather than returns. Veto Switchgears and Cables’ 9.57x P/E and 0.89 P/B are far below the 47.09x Industry P/E, but an 8.67% ROE is modest and a Rs 259 Cr market capitalisation makes it a small company.
| Metric | Veto Switchgears and Cables |
|---|---|
| CMP (NSE) | Rs 134.00 |
| 52-Week High / Low | Rs 155.90 / Rs 82.32 |
| Market Cap | Rs 259 Cr |
| P/E (TTM) vs Industry P/E | 9.57x vs 47.09x |
| P/B | 0.89 |
| ROE | 8.67% |
| EPS (TTM) | Rs 14.13 |
| Dividend Yield | 0.74% |
| Debt to Equity | 0.07 |
Compare Veto Switchgears and Cables Against Other Electricals Sector Stocks
How Veto Switchgears and Cables Compares Against Its Electricals Sector Peers
The table below sets Veto Switchgears and Cables against 2 other Electricals sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Veto Switchgears and Cables | 259 | 9.57 | 8.67% | 0.07 |
| Dynamic Cables | 2,054 | 22.52 | 18.47% | 0.09 |
| Cords Cable Industries | 392 | 15.95 | 10.23% | 0.51 |
| Peer average (2 companies) | – | 19.23 | 14.35% | 0.30 |
Against this peer set, Veto Switchgears and Cables’s 8.67% ROE is below the 14.35% peer average, and its P/E of 9.57x runs below the peer average of 19.23x. Veto Switchgears and Cables’ 9.57x P/E and 0.89 P/B are far below the 47.09x Industry P/E, but an 8.67% ROE is modest and a Rs 259 Cr market capitalisation makes it a small company.
What Makes Veto Switchgears and Cables Worth Watching in Electricals
- Deep discount: A 9.57x P/E against a 47.09x Industry P/E is a very wide gap.
- Below book value: A 0.89 P/B means the stock trades under the stated value of its net assets.
- Modest returns: An 8.67% ROE is the main reason the market applies a low multiple.
Veto Switchgears and Cables Valuation: Is It Justified?
Veto Switchgears and Cables’ 9.57x P/E and 0.89 P/B are far below the 47.09x Industry P/E, but an 8.67% ROE is modest and a Rs 259 Cr market capitalisation makes it a small company. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
Also read – Is Total Transport Systems the Best Stock in Its Sector? A Look at the Numbers
Download the Univest iOS App or Univest Android App to track Veto Switchgears and Cables and other Electricals sector stocks.
How to Track Veto Switchgears and Cables Before You Invest
Before deciding whether Veto Switchgears and Cables deserves its label as the best stock in its sector for your own portfolio, compare it directly against Electricals sector peers using the steps below.
- Open the Univest Screener and search for Veto Switchgears and Cables to view live price, valuation ratios, and peer comparisons within the Electricals sector.
- Compare its P/E, P/B, and ROE against other Electricals sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Veto Switchgears and Cables is worth researching mainly on valuation, with a P/E of 9.57x against a 47.09x Industry P/E, but a 8.67% ROE is modest, so the case for calling it the best stock in its sector rests on more than current returns. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is Veto Switchgears and Cables the best stock in its sector?
Ans. Veto Switchgears and Cables has a 8.67% ROE and trades at 9.57x P/E against a 47.09x Industry P/E, and compares below the peer average ROE of 14.35% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of Veto Switchgears and Cables?
Ans. Veto Switchgears and Cables was trading at Rs 134.00 on the NSE as of 09 October 2026, within its 52-week range of Rs 82.32 to Rs 155.90.
What sector does Veto Switchgears and Cables belong to?
Ans. Veto Switchgears and Cables is classified under the Electricals sector on Univest.
How does Veto Switchgears and Cables compare to its sector peers on P/E?
Ans. Veto Switchgears and Cables’s P/E of 9.57x is below the 19.23x average of the 2 named peers compared in this article.
What is Veto Switchgears and Cables’s return on equity?
Ans. Veto Switchgears and Cables reported a return on equity of 8.67%, which is below the 14.35% average of its named peers in this comparison.
Should I invest in Veto Switchgears and Cables based on its sector position?
Ans. Veto Switchgears and Cables’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
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