Is Veto Switchgears and Cables the Best Stock in Its Sector? A Look at the Numbers

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.

1. Open the Univest Screener and search for Veto Switchgears and Cables to view live price, valuation ratios, and peer comparisons within the Electricals sector.
2. Compare its P/E, P/B, and ROE against other Electricals sector stocks before deciding if the current valuation fits your strategy.
3. Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
4. 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.

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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