Veto Switchgears and Cables Share Price Target 2027: 17.5% Upside to Rs 161, Bull Rs 195

Investors weighing a Veto Switchgears and Cables target price for 2027 should start with where the stock sits today. At Rs 137.02 on 12 November 2026, it is 12.1% below its 52-week high of Rs 155.90 and 66.4% above its 52-week low of Rs 82.32. That range spans 89% from low to high, so the entry point matters as much as the Veto Switchgears and Cables price forecast itself.

This article builds the Veto Switchgears and Cables share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario states its assumptions, so you can trace how the base case, the bull case and the downside risk level were reached and test them against your own view.

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Veto Switchgears and Cables Stock Analysis: Company Overview and Key Stats

Veto Switchgears and Cables (NSE: VETO) has a market capitalisation of Rs 261.00 crore. In FY26 it reported revenue of Rs 388.66 crore and net profit of Rs 24.58 crore. The table collects the figures the Veto Switchgears and Cables share price target is built on.

Metric	Value
Company	Veto Switchgears and Cables
NSE Ticker	VETO
CMP (12 November 2026)	Rs 137.02
52-Week High	Rs 155.90
52-Week Low	Rs 82.32
Market Cap	Rs 261.00 crore
PE Ratio (TTM)	9.01
Industry PE	42.59
Price to Book	0.86
Return on Equity	9.77%
Debt to Equity	0.07
EPS (TTM)	Rs 15.18
Dividend Yield	0.73%
12-Month Base Target	Rs 161
Bull Case	Rs 195
Downside Risk Level (not a target)	Rs 109

Why Is Veto Switchgears and Cables Share Price Target Set at Rs 161 for 2027?

The arithmetic is short. Trailing EPS of Rs 15.18 grown for one year gives a forward EPS estimate of Rs 17.91, and multiplying it by the unchanged PE of 9.01 gives the Rs 161 base-case Veto Switchgears and Cables stock target. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.

Earnings Growth Behind the Veto Switchgears and Cables Target Price: Five Years of Results

Veto Switchgears and Cables grew revenue from Rs 270.38 crore in FY22 to Rs 388.66 crore in FY26, a compound annual growth rate of 9.5%. Net profit grew more slowly, from Rs 20.19 crore to Rs 24.58 crore (5.0% a year), which points to margin pressure alongside the sales growth.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	270.38	20.19	10.56	1.00
FY23	295.51	20.45	10.70	1.00
FY24	304.83	18.06	9.45	1.00
FY25	302.93	21.82	11.59	1.00
FY26	388.66	24.58	13.15	1.00

FY26 revenue growth was 28.3%, faster than the four-year average of 9.5%, and net profit moved up 12.6%. EPS rose from Rs 9.45 in FY24 to Rs 13.15 in FY26. The FY27 outlook for the Veto Switchgears and Cables price target depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

Veto Switchgears and Cables converted 6.3% of FY26 revenue into net profit, against 7.2% in FY25, within a five-year range of 5.9% to 7.5%. EBITDA margin was 10.2% in FY26 versus 11.3% in FY25.

In the September 2026 quarter, revenue was Rs 118.76 crore, up 32.5% from the same quarter a year earlier, while net profit of Rs 8.08 crore was up 32.9%. EBITDA came in at Rs 12.77 crore, up 38.5% year on year. The next quarterly result is the first test of whether the earnings assumption behind the Veto Switchgears and Cables stock target holds.

Balance Sheet and Cash Flow

Debt to equity stands at 0.07, and shareholders' equity grew from Rs 213.32 crore in FY22 to Rs 290.12 crore in FY26. Operating cash flow in FY26 was Rs 10.38 crore against capital expenditure of Rs 5.22 crore, leaving free cash flow of Rs 5.16 crore, or 2.0% of the current market capitalisation. In FY25 free cash flow was negative at Rs 4.76 crore, so cash generation has not been steady year to year.

Valuation Check for the Veto Switchgears and Cables Stock Target: PE, Price to Book and ROE

At a PE of 9.01 against an industry PE of 42.59, Veto Switchgears and Cables trades at a discount to its industry. Price to book is 0.86 on a book value of Rs 159.04 per share, and return on equity is 9.77%. A PE of 9.01 equals an earnings yield of 11.1%, and the FY26 dividend of Rs 1.00 per share gives a yield of 0.73%.

Shareholding Pattern and Institutional Holding

Promoters held 45.06% of Veto Switchgears and Cables in September 2026, and promoter holding has stayed near 45.06% since September 2025. Foreign institutional investors (FII) held 0.66% and domestic institutions (DII) held 0.00%, which puts total institutional holding at 0.66%. FII holding rose from 0.01% in September 2025 to 0.66% in September 2026. Public shareholders own the remaining 54.28%. Institutional holding this low means the stock sees limited professional coverage, and price moves can be sharper when trading volumes are thin.

Veto Switchgears and Cables Share Price Targets for the Short Term and 12 Months

Short Term Veto Switchgears and Cables Stock Target Levels: Technical Setup

At Rs 137.02 on 12 November 2026, Veto Switchgears and Cables trades above its 50-day simple moving average of Rs 131.91 and above its 200-day exponential moving average of Rs 123.35. The 14-day RSI reads 72.3, which is overbought territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 155.90 (52-week high) and the nearest support is Rs 131.91 (50-day simple moving average). A sustained move above Rs 155.90 would improve the short-term setup, while a close below Rs 131.91 would shift attention to the next support.

12 Month Veto Switchgears and Cables Target Price for 2027

The 12-month target of Rs 161 means a move of 17.5% up from Rs 137.02 over the next 12 months. It would also push the stock above its 52-week high of Rs 155.90. Anyone checking the Veto Switchgears and Cables share price target against their own view should focus on two inputs: the EPS estimate and the PE multiple.

How EPS Growth and PE Multiple Change the Veto Switchgears and Cables Target Price

EPS Growth	PE 7.21	PE 9.01	PE 10.36
0.0% (EPS Rs 15.18)	Rs 109	Rs 137	Rs 157
18.0% (EPS Rs 17.91)	Rs 129	Rs 161	Rs 186
24.0% (EPS Rs 18.82)	Rs 136	Rs 170	Rs 195

Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Veto Switchgears and Cables price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for Veto Switchgears and Cables Stock Target in 2027

Bull Case Rs 195

The bull case Veto Switchgears and Cables price target needs EPS growth of 24.0%, which lifts forward EPS to Rs 18.82, and a PE multiple that rises 15% to 10.36. That gives Rs 195, 42.3% above the current price and above the 52-week high of Rs 155.90, so the stock would have to set a fresh 52-week high.

Downside Risk Level Rs 109

The downside risk level is not a target. It assumes EPS stays flat at Rs 15.18 and the PE falls 20% to 7.21. That gives Rs 109, 20.4% below the current price and above the 52-week low of Rs 82.32.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	24.0%	10.36	Rs 195	+42.3%
Base Case	18.0%	9.01	Rs 161	+17.5%
Downside Risk	0.0%	7.21	Rs 109	-20.4%

Key Risks to the Veto Switchgears and Cables Target Price for 2027

Growth Slowdown Risk for the Veto Switchgears and Cables Price Target

Revenue in the September 2026 quarter was up 32.5% year on year, and FY26 revenue growth was 28.3%. If growth slows from here, the EPS estimate behind the Veto Switchgears and Cables stock target will need revising.

Liquidity and Size Risk

Veto Switchgears and Cables has a market capitalisation of Rs 261.00 crore. Institutional holding is 0.66%, and promoters hold 45.06%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.

Valuation and Margin Risk

Net margin was 6.3% in FY26, so a small slip in costs moves profit noticeably. At a PE of 9.01 versus an industry PE of 42.59, a de-rating toward the downside-risk PE of 7.21 would cut the price even if earnings hold.

Market and Technical Risk

Technical indicators add short-term risk: the 14-day RSI is 72.3 and the MACD sits above its signal line. A broad fall in the Nifty 50 or the Sensex can override company fundamentals for weeks at a time.

How to Invest in Veto Switchgears and Cables

Start with the live price and volume. Any Veto Switchgears and Cables share price target is only as current as the data behind it, and the data here is as of 12 November 2026, so refresh the Rs 137.02 price before acting on any level.

Next, review the fundamentals yourself. The Univest Screener lets you check Veto Switchgears and Cables' PE, ROE, debt and shareholding in one place.

Check Veto Switchgears and Cables fundamentals on the Univest Screener

Then compare the three Veto Switchgears and Cables target price scenarios with your own view. If you expect EPS growth below 18.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.

Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.

Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.

Download the Univest iOS App or Univest Android App to track Veto Switchgears and Cables live price and get daily stock recommendations.

Conclusion

The Veto Switchgears and Cables share price target for 2027 is Rs 161 in the base case, with Rs 195 as the bull case. The support for that view is arithmetic you can check: EPS grew 18.0% a year over FY24 to FY26, and the stock trades at a PE of 9.01. The risks are equally concrete, including a net margin of just 6.3% that leaves profit sensitive to costs and a downside scenario that cuts the price 20% if earnings stall. Use these numbers as a framework for judging the Veto Switchgears and Cables price target, check them against the latest filings, and size any position to your own risk appetite.

FAQs on Veto Switchgears and Cables Share Price Target 2027

What is the Veto Switchgears and Cables share price target for 2027?

Ans. The base-case Veto Switchgears and Cables share price target for 2027 is Rs 161, which is 17.5% above the price of Rs 137.02 on 12 November 2026. The bull case is Rs 195 and the downside risk level, which is not a target, is Rs 109. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.

What is the Veto Switchgears and Cables share price today?

Ans. As of 12 November 2026, 9:28 AM IST, Veto Switchgears and Cables (NSE: VETO) trades at Rs 137.02, down 0.01% on the day. That is 12.1% below the 52-week high of Rs 155.90 and 66.4% above the 52-week low of Rs 82.32. The market capitalisation of Rs 261.00 crore places it among small-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.

Is Veto Switchgears and Cables a buy or sell at the current price?

Ans. The data points both ways. On the positive side, EPS has grown 18.0% a year over FY24 to FY26 and the base case implies 17.5% upside; on the cautious side, the net margin is a thin 6.3%, and the downside risk level of Rs 109 is 20% below the current price. Whether Veto Switchgears and Cables fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.

What are the bull case target and downside risk level for Veto Switchgears and Cables shares?

Ans. The bull case in the Veto Switchgears and Cables share price target for 2027 is Rs 195, which assumes 24.0% EPS growth and a PE of 10.36, a 15% re-rating from today's multiple. That is 42.3% above the current price and above the 52-week high of Rs 155.90, so the stock would have to set a fresh 52-week high. The downside risk level is Rs 109, which assumes flat EPS and a PE of 7.21, 20% lower than today. It sits 20.4% below the current price and above the 52-week low of Rs 82.32, and it marks a risk to watch, not a target.

What are the main risks to the Veto Switchgears and Cables price target?

Ans. Four risks matter most for the Veto Switchgears and Cables share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. With a market capitalisation of Rs 261.00 crore, the stock can move sharply on small volumes, and exits can take longer than entries. A fall to the downside-risk PE of 7.21 would cut the price even if earnings hold.

What is the PE ratio of Veto Switchgears and Cables and how does it compare with the industry?

Ans. The PE ratio of Veto Switchgears and Cables is 9.01, against an industry PE of 42.59, which is a discount to the industry. Price to book is 0.86 and return on equity is 9.77%, and the PE equals an earnings yield of 11.1%. The base case holds the PE unchanged, so the Veto Switchgears and Cables share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.

Who owns Veto Switchgears and Cables, and what is the promoter holding?

Ans. Promoters held 45.06% of Veto Switchgears and Cables in September 2026. FII held 0.66%, DII held 0.00% and the public held 54.28%. Together the two institutional groups hold 0.66%. Shareholding is filed every quarter, so it is worth rechecking after each result.

What were Veto Switchgears and Cables' latest quarterly results?

Ans. In the September 2026 quarter, Veto Switchgears and Cables reported revenue of Rs 118.76 crore (up 32.5% year on year) and net profit of Rs 8.08 crore (up 32.9%). For comparison, FY26 full-year revenue growth was 28.3% and net profit moved up 12.6%. Each new quarter either supports or weakens the EPS growth of 18.0% assumed in the base case.