Veto Switchgears And Cables Limited

BSE: 539331 NSE: VETO
Veto Switchgears And Cables Limited - consumer electronics & durables in Vasai, Maharashtra, India. FY 2026 financials and compliance.
CIN L31401MH2007PLC171844 Incorporated 20 June 2007 ROC Mumbai HQ Vasai, Maharashtra, India
Active Listed - NSE: VETO · BSE: 539331 Public Limited Company consumer electronics and durables
Data last updated
Revenue · FY 2026
₹386.71 Cr
▲ 28.74% YoY
EBITDA · FY 2026
₹39.67 Cr
▲ 15.87% YoY
Net profit · FY 2026
₹24.58 Cr
▲ 12.67% YoY
Authorised capital
₹25 Cr
Registered with MCA
Paid-up capital
₹19.11 Cr
Issued & subscribed
Open charges
₹56.78 Cr
Satisfied ₹59.22 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
256
Latest available

About Veto Switchgears And Cables Limited

Data last updated: 26 February 2026

Veto Switchgears And Cables Limited is a public limited company based in Vasai, Maharashtra, India. It specialises in electronics manufacturing, a part of the broader consumer electronics and durables sector. Incorporated on 20 June 2007, the company has been in operation for over 19 years.

Registered with ROC Mumbai under CIN L31401MH2007PLC171844. Listed on BSE: 539331 and NSE: VETO.

Capital: an authorised share capital of ₹25 Cr and a paid-up capital of ₹19.11 Cr. Formerly known as Veto Switchgears and Cables Private Limited. It is led by directors including Jyoti Gurnani and Narain Das Gurnani.

Last AGM: 29 September 2025. Financial statements filed for year ended 31 March 2025. Office: Gala No. 2 Sanskruti, Sagar Signature Complex Vasai Palghar, Maharashtra, India – 401208.

As per the financials filed for FY 2025, the company reported a revenue of ₹302.93 Cr, a decline of 1% compared to the previous year.

The company has a workforce of approximately 256 employees as per the latest available data. Its group structure includes 3 subsidiaries.

The company is associated with 1 brand - Veto Switchgears & Cables. As per MCA filings, the company has open charges of ₹56.78 Cr and satisfied charges of ₹59.22 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vetoswitchgears.com.

Company Details of Veto Switchgears And Cables Limited
CIN L31401MH2007PLC171844
Registration Number 171844
Incorporation Date 20 June 2007
ROC Mumbai
Listing Status Listed (BSE: 539331, NSE: VETO)
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Akshay Kumar Gurnani Managing Director Jyoti Gurnani Director Narain Das Gurnani Nodal Officer
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    vetoswitchgears.com
  • Social Media
  • Registered Address
    Gala No. 2 Sanskruti, Sagar Signature Complex Vasai Palghar, Maharashtra, India – 401208
  • Industry
    Consumer Electronics & Durables, Electronics Manufacturing
Company report
Veto Switchgears And Cables Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Veto Switchgears And Cables Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Veto Switchgears And Cables Limited

Veto Switchgears And Cables Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L31401MH2007PLC171844, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L31401MH2007PLC171844 Current
U31401MH2007PLC171844 Previous
U31401MH2007PTC171844 Previous

Associated Brands with Veto Switchgears And Cables Limited

Veto Switchgears And Cables Limited operates one associated brand: Veto Switchgears & Cables. These brands represent Veto Switchgears And Cables Limited's diversified market presence and brand portfolio.

Brand Description Website
Veto Switchgears & Cables
LED bulbs and electrical accessories are manufactured by the company. vetoswitchgears.com

Business Activity of Veto Switchgears And Cables Limited

Veto Switchgears And Cables Limited is engaged in principal business activities including manufacturing and trade, with detailed activities including electrical equipment, general purpose and special purpose machinery & equipment, transport equipment, wholesale trading. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C10 Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment *********
G Trade G1 Wholesale Trading *********

Auditor Details of Veto Switchgears And Cables Limited

Veto Switchgears And Cables Limited is audited by SGCO & CO. LLP (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
SGCO & CO. LLP (ICAI peer reviewed, certificate valid till 2027-07-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Veto Switchgears And Cables Limited

Veto Switchgears And Cables Limited is currently managed by 7 directors, with 20 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Jyoti Gurnani Director 27 Aug 2014 11 Years 10 Months Current
Narain Das Gurnani
Also directs: Vnb Appliances Private Limited, Veto Led Lightings Private Limited, Veto Electropowers (India) Private Limited and 3 more
Nodal Officer 10 Mar 2023 3 Years 3 Months Current
Hari Krishan Motwani Director 28 Sep 2019 6 Years 9 Months Current
Sanjeev Kumar Dass Director 01 Sep 2022 3 Years 10 Months Current
Kanwar Jeet Singh Director 06 May 2017 9 Years 2 Months Current
Akshay Kumar Gurnani
Also directs: Vnb Appliances Private Limited, Veto Led Lightings Private Limited, Veto Electropowers (India) Private Limited and 5 more
Managing Director 27 Aug 2014 11 Years 10 Months Current
Showing 6 of 7 current directors. View all directors

Financials of Veto Switchgears And Cables Limited FY 2026 filings available

Veto Switchgears And Cables Limited reported revenue of ₹386.71 Cr (up 28.74% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹386.71 Cr ▲ 28.74%
Profit · FY 2026
₹24.58 Cr ▲ 12.67%
EBITDA · FY 2026
₹39.67 Cr ▲ 15.87%
Revenue₹ Cr · Consolidated0200400FY 2020: ₹150 Cr150FY 2020FY 2021: ₹181 Cr · +20.6% YoY181+20.6%FY 2021FY 2022: ₹268 Cr · +47.8% YoY268+47.8%FY 2022FY 2023: ₹291 Cr · +8.7% YoY291+8.7%FY 2023FY 2024: ₹300 Cr · +3.1% YoY300+3.1%FY 2024FY 2025: ₹300 Cr · +0.1% YoY300+0.1%FY 2025FY 2026: ₹387 Cr · +28.7% YoY387+28.7%FY 2026
Net Profit₹ Cr · Consolidated0102030FY 2020: ₹9 Cr9.3FY 2020FY 2021: ₹15 Cr · +59.9% YoY14.8+59.9%FY 2021FY 2022: ₹20 Cr · +36.1% YoY20.2+36.1%FY 2022FY 2023: ₹20 Cr · +1.3% YoY20.5+1.3%FY 2023FY 2024: ₹18 Cr · -11.7% YoY18.1-11.7%FY 2024FY 2025: ₹22 Cr · +20.8% YoY21.8+20.8%FY 2025FY 2026: ₹25 Cr · +12.7% YoY24.6+12.7%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year050100150Q1'25: ₹61 Cr · -8.6% YoY61.2-8.6%Q1'25Q2'25: ₹74 Cr · +3.7% YoY74.3+3.7%Q2'25Q3'25: ₹76 Cr · -7.7% YoY75.7-7.7%Q3'25Q4'25: ₹89 Cr · +12.3% YoY89.2+12.3%Q4'25Q1'26: ₹65 Cr · +6% YoY64.9+6%Q1'26Q2'26: ₹89 Cr · +19.5% YoY88.8+19.5%Q2'26Q3'26: ₹94 Cr · +24.4% YoY94.2+24.4%Q3'26Q4'26: ₹139 Cr · +55.7% YoY139+55.7%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹386.71 Cr ₹300.38 Cr ₹300.09 Cr ₹291.11 Cr ₹267.83 Cr ₹181.23 Cr ₹150.22 Cr
Other Income ₹1.95 Cr ₹2.55 Cr ₹4.73 Cr ₹4.4 Cr ₹3.14 Cr ₹1.49 Cr ₹68.49 Lakh
Total Income ₹388.66 Cr ₹302.93 Cr ₹304.83 Cr ₹295.51 Cr ₹270.98 Cr ₹182.72 Cr ₹150.9 Cr
Cost of Materials Consumed ₹135.52 Cr ₹113.17 Cr ₹114.57 Cr ₹112.93 Cr ₹112.56 Cr ₹75.21 Cr ₹50.26 Cr
Purchases of Stock-in-Trade ₹158.45 Cr ₹104.32 Cr ₹99.39 Cr ₹87.47 Cr ₹87.84 Cr ₹57.7 Cr ₹47.6 Cr
Changes in Inventories -₹10.59 Cr ₹1.59 Cr ₹10.09 Cr ₹14.17 Cr -₹7.15 Cr -₹5.19 Cr ₹7 Cr
Employee Benefit Expense ₹24.24 Cr ₹18.86 Cr ₹18.21 Cr ₹18.86 Cr ₹16.48 Cr ₹12.47 Cr ₹11 Cr
Finance Costs ₹1.97 Cr ₹1.64 Cr ₹4.14 Cr ₹4.78 Cr ₹3.95 Cr ₹1.86 Cr ₹3.73 Cr
Depreciation & Amortisation ₹4.33 Cr ₹3.06 Cr ₹2.73 Cr ₹2.82 Cr ₹3.33 Cr ₹2 Cr ₹1.9 Cr
Other Expenses ₹41.37 Cr ₹30.74 Cr ₹26.96 Cr ₹24.06 Cr ₹24.17 Cr ₹17.42 Cr ₹15.5 Cr
Total Expenses ₹355.3 Cr ₹273.39 Cr ₹276.08 Cr ₹265.1 Cr ₹241.18 Cr ₹161.47 Cr ₹136.99 Cr
Profit Before Exceptional Items & Tax ₹33.37 Cr ₹29.54 Cr ₹28.75 Cr ₹30.42 Cr ₹29.8 Cr ₹21.25 Cr ₹13.92 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹33.37 Cr ₹29.54 Cr ₹28.75 Cr ₹30.42 Cr ₹29.8 Cr ₹21.25 Cr ₹13.92 Cr
Total Tax Expense ₹8.78 Cr ₹7.72 Cr ₹10.69 Cr ₹9.96 Cr ₹9.61 Cr ₹6.55 Cr ₹4.64 Cr
Net Profit ₹24.58 Cr ₹21.82 Cr ₹18.06 Cr ₹20.45 Cr ₹20.19 Cr ₹14.84 Cr ₹9.28 Cr
  attributable to Owners ₹0 ₹0 ₹17.95 Cr ₹20.25 Cr ₹20.19 Cr ₹14.79 Cr ₹9.28 Cr
  attributable to NCI ₹0 ₹0 ₹11.11 Lakh ₹20.62 Lakh ₹17.23 Lakh ₹4.11 Lakh ₹0
Other Comprehensive Income ₹2.19 Lakh ₹2.46 Lakh -₹1.55 Cr ₹1.91 Cr ₹73.42 Lakh ₹8.52 Lakh ₹1.18 Cr
Total Comprehensive Income ₹24.61 Cr ₹21.84 Cr ₹16.51 Cr ₹22.37 Cr ₹20.92 Cr ₹14.92 Cr ₹10.46 Cr
EBITDA (computed) ₹39.67 Cr ₹34.24 Cr ₹35.62 Cr ₹38.02 Cr ₹37.08 Cr ₹25.11 Cr ₹19.55 Cr
Basic EPS ₹13.15 ₹11.41 ₹9.45 ₹10.70 ₹10.56 ₹7.76 ₹4.88
Diluted EPS ₹13.15 ₹11.41 ₹9.45 ₹10.70 ₹10.56 ₹7.76 ₹4.88
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹397.85 Cr ₹332.23 Cr ₹306.19 Cr ₹321.27 Cr
Non-current Assets ₹74.83 Cr ₹73.26 Cr ₹56.6 Cr ₹53.12 Cr
Current Assets ₹323.02 Cr ₹258.97 Cr ₹249.59 Cr ₹268.14 Cr
Property, Plant & Equipment ₹36.17 Cr ₹37.58 Cr ₹27.49 Cr ₹26.6 Cr
Inventories ₹102.84 Cr ₹94.85 Cr ₹94.37 Cr ₹104.88 Cr
Trade Receivables ₹163.78 Cr ₹147.24 Cr ₹132.99 Cr ₹138.59 Cr
Cash & Equivalents ₹1.91 Cr ₹1.05 Cr ₹7.54 Cr ₹15.25 Cr
Equity (Net Worth) ₹290.12 Cr ₹267.43 Cr ₹247.26 Cr ₹233.77 Cr
Equity Share Capital ₹19.12 Cr ₹19.12 Cr ₹19.12 Cr ₹19.12 Cr
Borrowings (Non-current) ₹2.05 Cr ₹2.52 Cr ₹2.1 Cr ₹10.47 Cr
Borrowings (Current) ₹19.38 Cr ₹20.26 Cr ₹19.98 Cr ₹32.45 Cr
Total Debt (computed) ₹21.43 Cr ₹22.77 Cr ₹22.08 Cr ₹42.92 Cr
Current Liabilities ₹101.19 Cr ₹58.44 Cr ₹50 Cr ₹70.41 Cr
Total Liabilities ₹107.72 Cr ₹64.81 Cr ₹58.94 Cr ₹87.49 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹10.38 Cr ₹10.9 Cr ₹26.95 Cr ₹17.97 Cr -₹8.43 Cr
Investing Cash Flow -₹4.18 Cr -₹18.49 Cr ₹3.89 Cr -₹4.15 Cr -₹18.86 Lakh
Financing Cash Flow -₹5.34 Cr -₹3 Cr -₹23.49 Cr -₹9.89 Cr ₹4.82 Cr
Capital Expenditure ₹5.22 Cr ₹19.75 Cr -₹6.3 Cr ₹5.08 Cr ₹1.27 Cr
Free Cash Flow (computed) ₹5.16 Cr -₹8.85 Cr ₹20.65 Cr ₹12.89 Cr -₹9.7 Cr
Dividends Paid ₹1.91 Cr ₹1.91 Cr -₹1.91 Cr ₹1.91 Cr ₹1.91 Cr
Net Change in Cash ₹86.28 Lakh -₹10.59 Cr ₹7.35 Cr ₹5.8 Cr -₹3.14 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹138.86 Cr ₹94.22 Cr ₹88.77 Cr ₹64.87 Cr ₹89.18 Cr ₹75.71 Cr ₹74.28 Cr ₹61.21 Cr ₹79.44 Cr ₹82.05 Cr ₹71.64 Cr ₹66.96 Cr
Other Income ₹19.13 Lakh ₹55.22 Lakh ₹85.39 Lakh ₹35.21 Lakh ₹52.37 Lakh ₹1.45 Cr ₹15.2 Lakh ₹42.37 Lakh ₹3.59 Cr ₹38.53 Lakh ₹34.35 Lakh ₹41.45 Lakh
Total Income ₹139.05 Cr ₹94.77 Cr ₹89.62 Cr ₹65.22 Cr ₹89.7 Cr ₹77.16 Cr ₹74.43 Cr ₹61.63 Cr ₹83.03 Cr ₹82.43 Cr ₹71.99 Cr ₹67.38 Cr
Cost of Materials Consumed ₹57 Cr ₹22.47 Cr ₹32.18 Cr ₹23.87 Cr ₹27.33 Cr ₹25.39 Cr ₹32.38 Cr ₹28.07 Cr ₹28.92 Cr ₹28.9 Cr ₹31.71 Cr ₹25.04 Cr
Purchases of Stock-in-Trade ₹45.66 Cr ₹41.04 Cr ₹46.32 Cr ₹25.43 Cr ₹30.13 Cr ₹25.76 Cr ₹25.6 Cr ₹22.84 Cr ₹25.15 Cr ₹25.57 Cr ₹28.09 Cr ₹20.58 Cr
Changes in Inventories ₹2.76 Cr ₹3.71 Cr -₹13.39 Cr -₹3.66 Cr ₹7.51 Cr ₹6.33 Cr -₹4.82 Cr -₹7.42 Cr ₹9.54 Cr ₹6.63 Cr -₹9.08 Cr ₹2.99 Cr
Employee Benefit Expense ₹7.11 Cr ₹6.18 Cr ₹5.9 Cr ₹5.04 Cr ₹4.87 Cr ₹4.8 Cr ₹4.66 Cr ₹4.53 Cr ₹4.8 Cr ₹4.51 Cr ₹4.49 Cr ₹4.41 Cr
Finance Costs ₹50.81 Lakh ₹47.31 Lakh ₹36.66 Lakh ₹62.56 Lakh ₹71.29 Lakh ₹50.37 Lakh ₹3.84 Lakh ₹38.61 Lakh ₹73.44 Lakh ₹87.16 Lakh ₹1.57 Cr ₹96.61 Lakh
Depreciation & Amortisation ₹1.09 Cr ₹1.13 Cr ₹1.02 Cr ₹1.09 Cr ₹84.07 Lakh ₹92.51 Lakh ₹65.71 Lakh ₹63.23 Lakh ₹47.54 Lakh ₹79.31 Lakh ₹69.7 Lakh ₹76.02 Lakh
Other Expenses ₹13.07 Cr ₹11.01 Cr ₹9.39 Cr ₹7.9 Cr ₹8.5 Cr ₹8.23 Cr ₹7.92 Cr ₹6.09 Cr ₹6.69 Cr ₹7.72 Cr ₹6.42 Cr ₹6.12 Cr
Total Expenses ₹127.2 Cr ₹86.02 Cr ₹81.79 Cr ₹60.3 Cr ₹79.9 Cr ₹71.94 Cr ₹66.42 Cr ₹55.13 Cr ₹76.32 Cr ₹74.99 Cr ₹63.91 Cr ₹60.86 Cr
Profit Before Exceptional Items & Tax ₹11.85 Cr ₹8.76 Cr ₹7.83 Cr ₹4.93 Cr ₹9.81 Cr ₹5.22 Cr ₹8.01 Cr ₹6.5 Cr ₹6.71 Cr ₹7.45 Cr ₹8.08 Cr ₹6.51 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹11.85 Cr ₹8.76 Cr ₹7.83 Cr ₹4.93 Cr ₹9.81 Cr ₹5.22 Cr ₹8.01 Cr ₹6.5 Cr ₹6.71 Cr ₹7.45 Cr ₹8.08 Cr ₹6.51 Cr
Total Tax Expense ₹3.05 Cr ₹2.48 Cr ₹1.76 Cr ₹1.49 Cr ₹2.47 Cr ₹1.58 Cr ₹2.46 Cr ₹1.62 Cr ₹4.48 Cr ₹2.56 Cr ₹2.03 Cr ₹1.61 Cr
Net Profit ₹8.8 Cr ₹6.27 Cr ₹6.08 Cr ₹3.43 Cr ₹7.34 Cr ₹3.63 Cr ₹5.97 Cr ₹4.88 Cr ₹2.23 Cr ₹4.89 Cr ₹6.05 Cr ₹4.9 Cr
  attributable to Owners ₹0 ₹6.59 Cr ₹6.07 Cr ₹0 ₹0 ₹3.74 Cr ₹5.91 Cr ₹4.85 Cr ₹2.12 Cr ₹4.78 Cr ₹5.98 Cr ₹4.85 Cr
  attributable to NCI ₹0 -₹31.79 Lakh ₹91,000 ₹0 ₹0 -₹11.13 Lakh ₹5.79 Lakh ₹2.75 Lakh ₹11.01 Lakh ₹10.96 Lakh ₹7.24 Lakh ₹5.25 Lakh
Other Comprehensive Income ₹3.6 Lakh -₹17,000 ₹1.22 Lakh -₹2.46 Lakh ₹6.17 Lakh ₹2.48 Lakh ₹1.24 Lakh ₹1.24 Lakh -₹2.2 Cr ₹5.86 Lakh ₹25.28 Lakh ₹33.82 Lakh
Total Comprehensive Income ₹8.84 Cr ₹6.27 Cr ₹6.09 Cr ₹3.41 Cr ₹7.4 Cr ₹3.66 Cr ₹5.98 Cr ₹4.89 Cr ₹2.67 Lakh ₹4.95 Cr ₹6.3 Cr ₹5.24 Cr
EBITDA (computed) ₹13.45 Cr ₹10.36 Cr ₹9.22 Cr ₹6.64 Cr ₹11.36 Cr ₹6.65 Cr ₹8.71 Cr ₹7.52 Cr ₹7.92 Cr ₹9.11 Cr ₹10.35 Cr ₹8.24 Cr
Basic EPS ₹4.59 ₹3.45 ₹3.18 ₹1.80 ₹3.84 ₹1.90 ₹3.12 ₹2.55 ₹1.17 ₹2.56 ₹3.16 ₹2.56
Diluted EPS ₹4.59 ₹3.45 ₹3.18 ₹1.80 ₹3.84 ₹1.90 ₹3.12 ₹2.55 ₹1.17 ₹2.56 ₹3.16 ₹2.56
Latest 12 quarters shown of 25 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Wires and cables ₹25.88 Cr ₹8.29 Cr ₹30.01 Cr ₹11.7 Cr
Lighting and fittings ₹58.4 Cr ₹12.65 Cr ₹91.48 Cr ₹18.05 Cr
Accessories and others ₹54.57 Cr ₹6.03 Cr ₹44.69 Cr ₹11.65 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Wires and cables ₹92.93 Cr ₹21.81 Cr - -
Lighting and fittings ₹165.45 Cr ₹40.44 Cr - -
Accessories and others ₹128.33 Cr ₹21.31 Cr - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹246.54 Cr ₹216.04 Cr ₹209.55 Cr ₹196.06 Cr ₹173.66 Cr ₹152.66 Cr ₹120.7 Cr
Other Income ₹7.45 Cr ₹6.62 Cr ₹20.61 Cr ₹12.89 Cr ₹10.31 Cr ₹2.71 Cr ₹5.65 Cr
Total Income ₹253.99 Cr ₹222.66 Cr ₹230.17 Cr ₹208.95 Cr ₹183.97 Cr ₹155.37 Cr ₹126.34 Cr
Cost of Materials Consumed ₹79.1 Cr ₹73.52 Cr ₹83.58 Cr ₹74.55 Cr ₹69.17 Cr ₹62.12 Cr ₹44.03 Cr
Purchases of Stock-in-Trade ₹102.92 Cr ₹82.43 Cr ₹75.15 Cr ₹67.96 Cr ₹55.86 Cr ₹47.65 Cr ₹38.57 Cr
Changes in Inventories -₹2.53 Cr ₹2.35 Cr -₹4.55 Cr ₹36.23 Lakh -₹6.23 Cr -₹6.27 Cr -₹91.59 Lakh
Employee Benefit Expense ₹11.83 Cr ₹11.04 Cr ₹10.86 Cr ₹11.12 Cr ₹10.77 Cr ₹10.92 Cr ₹10.32 Cr
Finance Costs ₹1.45 Cr ₹1.24 Cr ₹2.59 Cr ₹3.81 Cr ₹3.23 Cr ₹1.75 Cr ₹3.72 Cr
Depreciation & Amortisation ₹3.36 Cr ₹2.43 Cr ₹2.13 Cr ₹2.33 Cr ₹2.58 Cr ₹1.8 Cr ₹1.75 Cr
Other Expenses ₹26.24 Cr ₹21.82 Cr ₹20.17 Cr ₹17.74 Cr ₹17.82 Cr ₹15.05 Cr ₹13.17 Cr
Total Expenses ₹222.36 Cr ₹194.83 Cr ₹189.93 Cr ₹177.87 Cr ₹153.21 Cr ₹133.02 Cr ₹110.64 Cr
Profit Before Exceptional Items & Tax ₹31.63 Cr ₹27.84 Cr ₹40.23 Cr ₹31.08 Cr ₹30.76 Cr ₹22.34 Cr ₹15.7 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹31.63 Cr ₹27.84 Cr ₹40.23 Cr ₹31.08 Cr ₹30.76 Cr ₹22.34 Cr ₹15.7 Cr
Total Tax Expense ₹7.79 Cr ₹6.31 Cr ₹9.76 Cr ₹8.23 Cr ₹8.14 Cr ₹6.23 Cr ₹4.65 Cr
Net Profit ₹23.83 Cr ₹21.52 Cr ₹30.48 Cr ₹22.85 Cr ₹22.62 Cr ₹16.12 Cr ₹11.06 Cr
Other Comprehensive Income ₹2.19 Lakh ₹2.46 Lakh ₹4.95 Lakh ₹5.17 Lakh ₹7.54 Lakh ₹14.24 Lakh ₹6.51 Lakh
Total Comprehensive Income ₹23.85 Cr ₹21.55 Cr ₹30.53 Cr ₹22.9 Cr ₹22.7 Cr ₹16.26 Cr ₹11.12 Cr
EBITDA (computed) ₹36.43 Cr ₹31.51 Cr ₹44.96 Cr ₹37.22 Cr ₹36.57 Cr ₹25.89 Cr ₹21.17 Cr
Basic EPS ₹12.47 ₹11.26 ₹15.94 ₹11.95 ₹11.83 ₹8.48 ₹5.82
Diluted EPS ₹12.47 ₹11.26 ₹15.94 ₹11.95 ₹11.83 ₹8.48 ₹5.82
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹360.56 Cr ₹301.01 Cr ₹273.55 Cr ₹262.02 Cr
Non-current Assets ₹141.49 Cr ₹120.72 Cr ₹94.11 Cr ₹95.64 Cr
Current Assets ₹219.06 Cr ₹180.29 Cr ₹179.44 Cr ₹166.38 Cr
Property, Plant & Equipment ₹16.92 Cr ₹18.35 Cr ₹11.49 Cr ₹10.18 Cr
Inventories ₹69.34 Cr ₹70.23 Cr ₹69.85 Cr ₹67.47 Cr
Trade Receivables ₹102.79 Cr ₹99.12 Cr ₹92.67 Cr ₹88.31 Cr
Cash & Equivalents ₹32.95 Lakh ₹29.59 Lakh ₹7.07 Cr ₹3.82 Cr
Equity (Net Worth) ₹280.73 Cr ₹258.79 Cr ₹239.2 Cr ₹210.58 Cr
Equity Share Capital ₹19.12 Cr ₹19.12 Cr ₹19.12 Cr ₹19.12 Cr
Borrowings (Non-current) ₹1.65 Cr ₹2.16 Cr ₹2.03 Cr ₹10.34 Cr
Borrowings (Current) ₹10.4 Cr ₹14.32 Cr ₹10.59 Cr ₹16.93 Cr
Total Debt (computed) ₹12.05 Cr ₹16.48 Cr ₹12.63 Cr ₹27.27 Cr
Current Liabilities ₹74.36 Cr ₹36.21 Cr ₹27.56 Cr ₹36.3 Cr
Total Liabilities ₹79.82 Cr ₹42.22 Cr ₹34.35 Cr ₹51.44 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹24.44 Cr ₹15.88 Cr ₹4.81 Cr ₹13.37 Cr ₹8.24 Cr
Investing Cash Flow -₹16.5 Cr -₹23.27 Cr ₹41.24 Cr ₹4 Cr -₹6.97 Cr
Financing Cash Flow -₹7.9 Cr ₹60.9 Lakh -₹15.66 Cr -₹15.83 Cr -₹2.11 Cr
Capital Expenditure ₹1.77 Cr ₹8.78 Cr -₹3.32 Cr ₹1.01 Cr ₹44.74 Lakh
Free Cash Flow (computed) ₹22.67 Cr ₹7.11 Cr ₹1.49 Cr ₹12.36 Cr ₹7.8 Cr
Dividends Paid ₹1.91 Cr ₹1.91 Cr -₹1.91 Cr ₹1.91 Cr ₹1.91 Cr
Net Change in Cash ₹3.38 Lakh -₹6.78 Cr ₹30.39 Cr ₹1.55 Cr -₹83.65 Lakh
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹74.79 Cr ₹70.37 Cr ₹58.13 Cr ₹43.24 Cr ₹67.19 Cr ₹54.12 Cr ₹52.98 Cr ₹41.74 Cr ₹61.66 Cr ₹54.96 Cr ₹51.31 Cr ₹41.63 Cr
Other Income ₹1.77 Cr ₹1.85 Cr ₹2.25 Cr ₹1.58 Cr ₹1.67 Cr ₹2.35 Cr ₹1.35 Cr ₹1.25 Cr ₹17.77 Cr ₹88.33 Lakh ₹1.11 Cr ₹84.34 Lakh
Total Income ₹76.57 Cr ₹72.22 Cr ₹60.39 Cr ₹44.82 Cr ₹68.87 Cr ₹56.47 Cr ₹54.33 Cr ₹42.99 Cr ₹79.43 Cr ₹55.84 Cr ₹52.42 Cr ₹42.48 Cr
Cost of Materials Consumed ₹22.33 Cr ₹20.36 Cr ₹20.04 Cr ₹16.36 Cr ₹18.88 Cr ₹16.76 Cr ₹21.51 Cr ₹16.37 Cr ₹19.5 Cr ₹22.15 Cr ₹24.92 Cr ₹17.01 Cr
Purchases of Stock-in-Trade ₹31.07 Cr ₹24.85 Cr ₹30.09 Cr ₹16.91 Cr ₹23.78 Cr ₹19.66 Cr ₹21.48 Cr ₹17.51 Cr ₹19.28 Cr ₹20.16 Cr ₹21.81 Cr ₹13.9 Cr
Changes in Inventories ₹45.39 Lakh ₹6.89 Cr -₹7.15 Cr -₹2.72 Cr ₹4.63 Cr ₹5.71 Cr -₹3.86 Cr -₹4.13 Cr ₹8.43 Cr -₹1.89 Cr -₹9.78 Cr -₹1.31 Cr
Employee Benefit Expense ₹3.19 Cr ₹3.09 Cr ₹2.82 Cr ₹2.72 Cr ₹2.79 Cr ₹2.73 Cr ₹2.82 Cr ₹2.69 Cr ₹3.03 Cr ₹2.63 Cr ₹2.65 Cr ₹2.55 Cr
Finance Costs ₹35.29 Lakh ₹34.95 Lakh ₹27.89 Lakh ₹46.45 Lakh ₹59.51 Lakh ₹32.91 Lakh ₹5.76 Lakh ₹26 Lakh ₹48.85 Lakh ₹44.41 Lakh ₹97.15 Lakh ₹68.9 Lakh
Depreciation & Amortisation ₹84.06 Lakh ₹87.93 Lakh ₹87.27 Lakh ₹76.32 Lakh ₹63.97 Lakh ₹71.69 Lakh ₹55.39 Lakh ₹52.02 Lakh ₹32.59 Lakh ₹64.38 Lakh ₹54.86 Lakh ₹61.3 Lakh
Other Expenses ₹7.61 Cr ₹7.11 Cr ₹6.11 Cr ₹5.41 Cr ₹7.8 Cr ₹5.43 Cr ₹4.53 Cr ₹4.05 Cr ₹6.59 Cr ₹5.22 Cr ₹4.19 Cr ₹4.17 Cr
Total Expenses ₹65.85 Cr ₹63.54 Cr ₹53.06 Cr ₹39.91 Cr ₹59.12 Cr ₹51.33 Cr ₹47.1 Cr ₹37.27 Cr ₹57.65 Cr ₹49.36 Cr ₹45.31 Cr ₹37.62 Cr
Profit Before Exceptional Items & Tax ₹10.71 Cr ₹8.68 Cr ₹7.33 Cr ₹4.91 Cr ₹9.74 Cr ₹5.14 Cr ₹7.24 Cr ₹5.72 Cr ₹21.78 Cr ₹6.48 Cr ₹7.11 Cr ₹4.86 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹10.71 Cr ₹8.68 Cr ₹7.33 Cr ₹4.91 Cr ₹9.74 Cr ₹5.14 Cr ₹7.24 Cr ₹5.72 Cr ₹21.78 Cr ₹6.48 Cr ₹7.11 Cr ₹4.86 Cr
Total Tax Expense ₹2.71 Cr ₹2.26 Cr ₹1.63 Cr ₹1.19 Cr ₹1.79 Cr ₹1.3 Cr ₹1.82 Cr ₹1.41 Cr ₹4.47 Cr ₹2.28 Cr ₹1.82 Cr ₹1.19 Cr
Net Profit ₹8 Cr ₹6.42 Cr ₹5.69 Cr ₹3.72 Cr ₹7.95 Cr ₹3.84 Cr ₹5.42 Cr ₹4.31 Cr ₹17.32 Cr ₹4.2 Cr ₹5.29 Cr ₹3.66 Cr
Other Comprehensive Income ₹3.6 Lakh -₹17,000 ₹1.22 Lakh -₹2.46 Lakh ₹6.17 Lakh ₹1.24 Lakh ₹1.24 Lakh ₹1.24 Lakh ₹1.08 Lakh ₹1.29 Lakh ₹1.29 Lakh ₹1.29 Lakh
Total Comprehensive Income ₹8.04 Cr ₹6.42 Cr ₹5.7 Cr ₹3.7 Cr ₹8.01 Cr ₹3.85 Cr ₹5.44 Cr ₹4.33 Cr ₹17.33 Cr ₹4.22 Cr ₹5.31 Cr ₹3.67 Cr
EBITDA (computed) ₹11.91 Cr ₹9.91 Cr ₹8.48 Cr ₹6.14 Cr ₹10.98 Cr ₹6.18 Cr ₹7.85 Cr ₹6.5 Cr ₹22.6 Cr ₹7.57 Cr ₹8.63 Cr ₹6.16 Cr
Basic EPS ₹4.19 ₹3.36 ₹2.98 ₹1.95 ₹4.16 ₹2.01 ₹2.84 ₹2.26 ₹9.06 ₹2.20 ₹2.77 ₹1.92
Diluted EPS ₹4.19 ₹3.36 ₹2.98 ₹1.95 ₹4.16 ₹2.01 ₹2.84 ₹2.26 ₹9.06 ₹2.20 ₹2.77 ₹1.92
Latest 12 quarters shown of 25 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Wires and cables ₹22.27 Cr ₹7.47 Cr ₹24.12 Cr ₹4.4 Cr
Lighting & Fittings ₹25.5 Cr ₹4.67 Cr ₹23.83 Cr ₹10.73 Cr
Accessories and others ₹27.02 Cr ₹6.03 Cr ₹20.43 Cr ₹6.41 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Wires and cables ₹80.27 Cr ₹18.65 Cr - -
Lighting & Fittings ₹85.9 Cr ₹16.68 Cr - -
Accessories and others ₹80.36 Cr ₹21.31 Cr - -
Want more history and ratios?
You're viewing the latest exchange-filed financials for Veto Switchgears And Cables Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of Veto Switchgears And Cables Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 45.06%, foreign institutional investors hold 0.01%, domestic institutional investors hold 0.00%, retail and other public shareholders hold 54.93% of Veto Switchgears And Cables Limited. The company had 25,172 shareholders on record.

Promoters: 45.06%FII (Foreign Institutional): 0.01%Retail & Others: 54.93%
Mar 2026
QUARTER
45.06% Promoters
0.01% FII (Foreign Institutional)
54.93% Retail & Others
Promoter holding - history
Now 45.06% · Mar 2026High 71.76% · Dec 2015Low 0.45% · Mar 2025
0%18.3%36.5%54.8%73%Dec 2015Jun 2018Dec 2020Jun 2023Dec 2025Dec 2015: 71.76%Mar 2016: 71.76%Jun 2016: 66.92%Sep 2016: 58.19%Dec 2016: 58.19%Mar 2017: 58.19%Jun 2017: 55.05%Sep 2017: 48.66%Dec 2017: 45.94%Mar 2018: 45.94%Jun 2018: 47.55%Sep 2018: 47.55%Dec 2018: 50.07%Mar 2019: 50.07%Jun 2019: 54.22%Sep 2019: 54.22%Dec 2019: 54.22%Mar 2020: 54.22%Jun 2020: 54.22%Sep 2020: 54.22%Dec 2020: 55.74%Mar 2021: 55.74%Jun 2021: 55.74%Sep 2021: 55.74%Dec 2021: 55.74%Mar 2022: 55.74%Jun 2022: 55.74%Sep 2022: 55.74%Dec 2022: 50.08%Mar 2023: 50.08%Jun 2023: 50.08%Sep 2023: 47.15%Dec 2023: 45.06%Mar 2024: 45.06%Jun 2024: 45.06%Sep 2024: 45.06%Dec 2024: 45.06%Mar 2025: 0.45%Jun 2025: 45.06%Sep 2025: 45.06%Dec 2025: 45.06%Mar 2026: 45.06%71.76%0.45%45.06%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters45.06%45.06%45.06%45.06%0.45%45.06%
Public54.94%54.94%54.94%54.94%0.55%54.94%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters45.06%0.45%45.06%50.08%55.74%55.74%54.22%50.07%45.94%58.19%71.76%
Public54.94%0.55%54.94%49.92%44.26%44.26%45.78%49.93%54.06%41.81%28.24%
Promoter change (YoY, %pts)+44.61-44.61-5.02-5.66+0.00+1.52+4.15+4.13-12.25-13.57-

Board & Governance of Veto Switchgears And Cables Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Veto Switchgears And Cables Limited has 6 directors - 3 independent and 2 executive. The board is chaired by Akshay Kumar Gurnani.

DirectorPositionOn board sinceListed boards
Akshay Kumar Gurnani Executive Director · CEO-MD · Chairperson 2014-08-27 1
Narain Das Gurnani Executive Director 2016-05-24 1
Jyoti Gurnani Non-Executive - Non Independent Director 2014-08-27 1
Kanwarjeet Singh Non-Executive - Independent Director 2017-05-06 1
Harikrishan Motwani Non-Executive - Independent Director 2019-09-28 1
Sanjeev Kumar Dass Non-Executive - Independent Director 2022-09-01 1
Board Committees
CommitteeMembers
Audit Committee Sanjeev Kumar Dass (Chairperson), Harikrishan Motwani, Narain Das Gurnani
Nomination and remuneration committee Sanjeev Kumar Dass (Chairperson), Kanwarjeet Singh, Harikrishan Motwani
Stakeholders Relationship Committee Sanjeev Kumar Dass (Chairperson), Harikrishan Motwani, Narain Das Gurnani
Corporate Social Responsibility Committee Sanjeev Kumar Dass (Chairperson), Narain Das Gurnani, Harikrishan Motwani

Group Structure of Veto Switchgears And Cables Limited

Veto Switchgears And Cables Limited has 3 subsidiary companies. This group structure data is as of FY 2023. The corporate group structure reflects Veto Switchgears And Cables Limited's business expansion strategy and organizational complexity.

3
Subsidiary companies
Key Subsidiaries
Company Name CIN Shares Held
Veto Led Lightings Private Limited U31100MH2019PTC332744 -
Veto Electricals Private Limited U31300RJ2008PTC026189 -
Vankon Modular Private Limited U31900MH2015PTC264579 -

Showing major subsidiaries. Total: 3.

Charges & Borrowings of Veto Switchgears And Cables Limited

Open charges
₹56.78 Cr
Satisfied charges
₹59.22 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹56.78 Cr
Latest charge details
DateLenderAmountStatus
20 Jun 2025 Hdfc Bank Limited ₹14.4 Lakh Open
20 Jun 2025 Hdfc Bank Limited ₹9.95 Lakh Open
22 Apr 2025 Hdfc Bank Limited ₹1.09 Cr Open
29 Jan 2025 Hdfc Bank Limited ₹21.71 Lakh Open
28 Nov 2024 Hdfc Bank Limited ₹29 Lakh Open

Total charge records: 18 View all charges

Employees and EPFO Compliance at Veto Switchgears And Cables Limited

Veto Switchgears And Cables Limited has a workforce of 256 employees as of Apr 06, 2024.

Employee count
256
Active EPFO establishments
2
Employee growth
-6.91%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Veto Switchgears And Cables Limited

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Monthly employee headcount & PF contributions
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GST Compliance of Veto Switchgears And Cables Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Veto Switchgears And Cables Limited

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GSTIN registrations & state-wise presence
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Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Veto Switchgears And Cables Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Veto Switchgears And Cables Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
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Group company & common directorship litigation
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MSME Payment Delays by Veto Switchgears And Cables Limited

MSME Payment Delays by Veto Switchgears And Cables Limited

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Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Veto Switchgears And Cables Limited

Subsidiaries & Group Companies of Veto Switchgears And Cables Limited

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Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Veto Switchgears And Cables Limited

MCA Filings & Documents of Veto Switchgears And Cables Limited

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Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Veto Switchgears And Cables Limited

Activity
29 Sep 2025
Veto Switchgears And Cables Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Charges
20 Jun 2025
A charge with Hdfc Bank Limited amounted to Rs. 0.14 Cr with Charge ID 101111857 was registered on 20 Jun 2025.
Charges
20 Jun 2025
A charge with Hdfc Bank Limited amounted to Rs. 0.10 Cr with Charge ID 101122720 was registered on 20 Jun 2025.
Charges
22 Apr 2025
A charge with Hdfc Bank Limited amounted to Rs. 1.09 Cr with Charge ID 101110507 was registered on 22 Apr 2025.
Activity
31 Mar 2025
Veto Switchgears And Cables Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Charges
29 Jan 2025
A charge with Hdfc Bank Limited amounted to Rs. 0.22 Cr with Charge ID 101042752 was registered on 29 Jan 2025.

Recent News on Veto Switchgears And Cables Limited

Frequently Asked Questions about Veto Switchgears And Cables Limited

Veto Switchgears And Cables Limited is an active public limited company in the consumer electronics and durables sector based in Vasai, Maharashtra, India. It was incorporated on 20 June 2007 (19+ years old) and is registered under CIN L31401MH2007PLC171844. Listed on BSE: 539331 and NSE: VETO. The company has 256 employees.

Veto Switchgears And Cables Limited reported revenue of ₹302.93 Cr for FY 2025 (down 1.00% YoY).

The current directors of Veto Switchgears And Cables Limited are:

The primary industry of Veto Switchgears And Cables Limited is consumer electronics and durables. The company specifically operates in electronics manufacturing. The company is currently active in this sector.

Yes. Veto Switchgears And Cables Limited is listed on both BSE (code: 539331) and NSE (symbol: VETO).

Veto Switchgears And Cables Limited can be reached at the registered office: Gala No. 2 Sanskruti, Sagar Signature Complex Vasai Palghar, Maharashtra, India – 401208, or through the website vetoswitchgears.com.

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